The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1898-06-16
POPULAR LOAN
Secretary Gage Issues Circular
Relative to the New
Bonds.
Will Bear Three Per Cent Inter-
est and Will BE in Sums
From 500 Up.
Individual Subscriptions Filled
First, Small Sums Having
Preference.
May Be Paid for in Four Install
ments IfThat Method Is
Preferred.
- ~ " w.

WASHINGTON, June 14.-Immediately
npon receipt of the information from
: White House that the war revenue bill
had been signed by the president, Sec
Rotary Gage issued a. circular, explain
ing to the public the proposed bond is
sue. By it the secretary of the treas
nry invites subscriptions from the peo-
pie of the United States for the $780,
100000 bonds of the 8 per cent loan
authorized by the act of congress APP
proved June Is, 1898. Subscriptions
will be received at par for period of
"a days, the subscription being open
from this date to 3 O. clock p. m. on the
14th day of July, 1898. The bonds will
be issued in both coupon and registered
form, the coupon bonds in denomina-
lions of $40, 500, $500 and $1,000,
and the registered bonds in denomina-
tions of $40, 500, $500, 81, 900, $4,000
and $4,000 They will be dated Aug.
!, 1898, and by their terms will be re-,
deemable in coin at the pleasure of the
United States after 10 years from the
date of their issue, and due and pay.
able Aug. /, 1918. ~.N
Individual subscriptions First.
The law authorizing this issue Of
bonds provides that in allotting said
bonds the several subscriptions of indi.
yiduals shall be first accepted, and the
subscriptions of the lowest amounts
shall be first allotted. In accordance
with that provision, allotments to all
individual subscribers will be made be.
fore any bonds win be allotted to other
than individuals. All individual SUBJ
scriptions for $500 or less will be allot.
ted in full at the time the subscription
is made. If the total sum subscribed
for in amounts of $500 or less should
exceed 5000, 600, 900, the allotment, will
be made according to priority Of the
receipt of the subscriptions. ..
Allottments on subscriptions for
over $500 will not be made until after
the subscription closes, July Ia, and
will then be made inyersely according
TO the size of the subscription, sthe
smallest subscriptions being first u.
1otted, then the next in size, and So OF,
preferences being given to individual
subscriptions. ..-,
May Be Taken in Instailments.
In order to avoid a too rapid absorb
ton of funds into the treasury, with a
possible consequent evil effect on in
dustry and commerce, anS subscriber
for more than $500 will be- permitted TO
take his allotment of bonds in install.
ments of 20 per cent, taking the first
installment within 10 days after the
notice of the allotment, and the ball
ahce at four equal intervals of 40 days
each, in four installments each of 20
per cent of the bonds allotted Deliy.
cry will be made as payment is re-
ceiyed. III ~.
For mutual convenience of the sub
scr1bers and the department., blank
form of letter to accompany remit.
tance has been prepared and it may be
obtained at the offices of national.
and state banks generally, at the sew
eral sub-treasuries of the United States,
at any money order postoffice and at
any express office.
All remittances and other communi.
cations relative to this loan should be
addressed to the secretary of the treas
ury, divisions of loans and currency,
Washington, d. @.
All subscriptions must be received at
the treasury department., Washington,
ID. c., not later than 8 o'clock p. M,
Wednesday, July IA. 1888. No sub
scriptions received after that date and
hour will be considered.