The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-06-18
Treasury Department,
Office of the SPCretary,


sued by Secretary Gage:
Treasury Department,
Office of the Secretary,
Washington, D. c., June Is, 1898
To the Press of the United States;
war loan authorized by the act to provide
ways and means to meet war s eXPehq III
order that all the people may have an
opportunity of participating in the loan;
I have the honor, therefore, to ask the
co-opera ton of the press in disseminating
1nforma ton which win give better I'M
Outstanding OF the nature. characteristics
and incidents of a government loan, and
to that end, I will thank you to lend your
lowing statement, which is intended to
give, in as brief manner as possible, a
DESCRIPTION of the registered and coupon
subscribe for them. Respectfully yours.
UNITED S STATES Z ESD BoN 2fSse'afS
United States bonds are recognized as
ton that investors can hold. They. are
attractive, not only because of the -abso-
at all times a public market for them
which holders can quickly sell; and they
lateral if the holder wishes to secure q
temporary loan. The fact that United
States bonds are not subject to taxes of
any acter-federal. state or municipal
is a valuable feature of that form of in
sued in both coupon apd Tsgjstered form
A coupon bond is payable to the bearer.
It may be bought and sold without for
mality as freely as any kind of property
Owing to the freedom of transfer, coupon
RHds sx are RSq bdg +Pe bnt e so t
Their disadvantage for a person who
wishes to make a permanent Investment
or stolen, in which case the loss to the
owner would be as complete as would be
the loss of a bank note. The coupon bonds
take their name from the method by
Printed on the same sheet with the bond
is a series of coupons or small certificates
one is cut off al each interest period Each
coupon bears the number of the bond and
shows the date of the coupons maturity.
The holder of a coupon bond, at each in
terest period, detaches the coupon due
payable at any sub-treasury and may be
COLLECTED through any bank, and will usu-
a bank account. with whom the holder Of
the bond has dealings. The holder of a
converted into registered bond free of
REGISTERED BONDS.
A registered bond is payable to the or
der of the owner, and can only be trans
signed by the owner. Such assignment
is made by the owner filling in the blank
be witnessed by some officer authorized
by the regulations of the treasury depart
of the registered bond who wishes to part
with it writes his name on the back of
then the witnessing officer writes his
name in the proper place and affxes an
The officers who are authorized to wit
ness assignments are a United States
clerk of a United States court. collector
of customs. collector or assessor of in
ternal revenue, United States treasurer or
assistant treasurer, or the president or.
cashier of a national bank, or if in for
eign country United States minister or
consul In cases where there is no Of
ffcer within reasonable distance, or
when, through sickness or for some other
good reason, the owner of registered bonds
can not go before one Of these officers.
OF "a "a
some person near the owner to act as wit
ness
dtspos5s of it and has properly assigned it,
ne deIlyers 1t to the new owner, who
of the treasury for transfer on the books
Of the department. The register cancels
bond in the name of the new owner, and
SehdS II 70 MN py TeglsIered mail me
department makes no charge for trans
If the owner of registered bond loses
it, or if it is stolen from him, he should
at once notify the secretary of the treas
the bona aR4 if it should be- 3rasented
for transfer, the department will hold pos
iS cie9rlV esta,1iSbnd II Ios+ W. ZIP
bond is not recovered within six months.
upon proof of loss and bond of indemni-
The interest on registered bonds is paid
by the government by means of checks.
In order that no mistake may be made in
the payment of interest, the books of the
varying according to the Importance of
loan of 1907 are closed for the whole month
preceding the payment of a quarters in
terest On other loans the books are
terest payment During this period no no
transfers are made and the time is devot-
ed to preparing schedules which con-
tain the names of the owners, the amount
of bonds each one holds and the amount
of interest due each one. When these
schedules have been prepared and proved
they are sent to the treasurer of the Unit
ed States, who Immediately has checks
and envelopes addressed, and in due time
each check is mailed to the address of its
owner. The checks for the more distant
are obligations of the United States, and,
of course, are good everywhere
t6 G0u6 6 Ponds so sS b sgSd IL
500, $500. 81, 900, 5000. $4,000
BONDS.
The war loan which is now being Of
fered will be sold to subscribers at par
ends July ii. 1888. The method of sub
scription has. been made as simple as pos
every money order postoffice, and at
most of the banks and express offices
and on these forms is clearly indicated ali
that it is necessary for the subscriber to
fill out The subscriber may himself mail
to the treasury department at TVasbinp-
with his remittance covering the par value
of the amount of bonds for. which he
be in whatever form best suits the sub
scriber's convenfence-in currency, bank
express money order. The day the cur
rency is received, or the day the proceeds
are received from the checks, drafts or
money orders, the subscription will be en-
tered and will Immediately begin drawing
interest When the bonds are delivered
a check will accompany each delivery COW
ering the interest at per cent from the
day the subscription is entered to the Ist
OF August, the date of the bonds and from
which date the bonds will carry their own