Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1898-06-22

will designate some person near the owner to
act as witness.
! When the owner of a registered bond dis
| poses of it and has properly assigned it, he de-
| Hvers it to the new owner, who should at once
| forward it to the register of the treasury for
| transfer on the books of the department. The
! register cancels the bond so forwarded and
! issues new bond in the name of the new own
er, and sends it to him by registered mail The
department makes no charge for transferring
! bonds
If the owner of registered bond loses it, or
if it is stolen from him, he should at once noti-
| fly the secretary of the treasury. A stoppage
! will be entered against the bond, and, if it
| should be presented for transfer, the depart
| ment will hold possession of the bond until the
ownership is clearly established. Ii lost or
| stolen bond is not recovered within six months,
the department will issue a duplicate bond
upon proof of loss and a bond of indemnity
being furnished.
The interest on registered bonds is paid by
the government by means of checks. In order
that mistake may be made in the payment
of interest, the books of the department are
"closed" for period, varying according to the
importance of the loan. The books of the per
cent. loan of 1907 are closed for the whole
month preceding the payment of quarters
interest. On other loans the books are closed
for fifteen days preceding the interest payment
During this period no transfers are made, and
the time is devoted to preparing schedules"
which contain 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
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 points are first mailed.
Interest checks are obligations of the United
States, and, of course, are good everywhere.
Coupon bonds are issued in denominations of
$40, 500, 500 and 800. Registered bonds are
issued in denominations of $40, $780, $780, 81 900,
$1,000, $4,000.
HOW TO SUBSCRIBE FOR THE NEW BONDS.
The war loan which is now being offered will |
be sold to subscribers at par during the period |
OF subscription, which ends July Ia, 1898. The |
method Of SubScri ptiOn has been made as SIM |
pie possible. Blank forms may be obtained |
at every mOney-order pOstotce, and at most Of |
the banks and express Offices, and these |
forms is clearly indicated all that it is neceS- |
Sary for the subscriber to fill out. The sub |
scriber may himself mail to the Treasury de- |
partment at Washington the blank form filed |
out, together with his remittance covering the |
par value of the amount of bonds for which he |
wishes to subscribe. Thai 1t mittance may be |
in whatever form best suits the subscribers |
cOnvenience-ln currency, bank draft, check, |
pOStOffice money order or express money or /
proceeds are received from the checks, drafts,
tered and will Immediately begin drawing
interest. When the bonds are delivered.
check Will accompany each delivery cover
ing the interest at per cent. from the day the
subscription is entered to the 1st of August.
the date of the bonds, and from which date
the bonds will carry their own interest.