The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-06-13
HERE ARE YOUR BONDS.
Secretary Gage Issues a Circu-
lar Telling Now to Get
Them.

|
upon the receipt of the information
from the White House that the war
revenue bill had been signed by the
| president, Secretary Gage today issued
| the following circular explaining to the
public the proposed bond issue:
| treasury Department, Office of the
| Secretary, Washington, D. C,June 10
! The secretary of the treasury invites
| subscriptions from the people of the
| United States for $500, 600 900 of the bonds
! of the per cent loan authorized by the
! act of congress, approved June IS, 1898.
Subscriptions will be received at par
for period of 30 days, the subscription
! being open from this date to o'clock
p. m, on the 18th day of July, 1898
The bonds will be issued in both
coupon and registered form, coupon
bonds in denominations of $40, 500, $500
and $1,000 and the registered bonds in
denominations of $40, 800, $500, 81, 900,
$4,000 and $4,000. They will be dated
August 1, 1898, and by their terms will
De redeemabIe in coin at the pleasure
of the United States after ten years aft
er the date of their issue and due and
payable August l. 1918
The bonds will bear interest at the
rate of 3 per cent per annum, payable
quarterly, the interest on the coupon
bonds will be paid by means of cou-
pOnS, to be detached from the bonds as
the interest becomes due and the inter
est on the registered bonds will be paid
by checks drawn to the order of the
payeeS, and mailed to their addresses.
The law authorizing this issue of
bonds, provides that in alloting said
bonds, the several subscriptions of in
divlduals shall be first accepted and the
subscriptions of the lowest amounts
shall be first allotted. In accordance
with that provision allOtments to all in
dividual subscribers will be made be-
fore any bonds will be allotted to other
than individuals. All individual sub
scriptions for $500, or less will be al
lOted in full as they are received and
such subscriptions must be paid in full
at the time the subscription is made. If
the total sum subscribed for in amounts
of $500 or less should exceed $500, 900. 900,
the allotments will be made according
to the priority of the receipt of the sub
Scriptions.
AlIotments on subscriptions for over
$500, will not be made until after the
subscription closes, July 18th, and will
then be made inVersely, according to
the size of the subscription, the small
est subscription being first allotted then
the next in size, and so on, preference
being given to individual subscriptions.
Persons subscribing for more than $500,
must send in cash, or certified checks
to the amount of per cent of the sum
subscribed for such deposit to consti-
tute partial payment, and to be for
feited to the United States in the event
of failure on the subscribers part to
make full payment for his subscription
according to the terms of the circular.
Allotments to subscribers for more
than $500 will be made as soon as pos
Sible after the subscription closes.
In order to avoid a too rapid absorp-
ton of funds into the treasury with a
possible consequent evil effect on in
duStry and commerce, any 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 ten days after the
notice of the allotment and the balance
at four equal intervals of 40 days each
in four installments each of 20 per cent
of the bonds allotted. Delivery of bonds
will be made in installments as pay
ment for them is received, and payment
must in all cases be made in full as the
bonds are taken. The per cent de-
pOSit will apply on the final inStallment.
Any subscriber may pay for the whole
amounted allotted within ten days from
the date of the notice of his allotment.
Interest will be adjusted from the
time of the actual payment, whether
paid in one sum or in installments, as
permitted. Separate subscriptions from
one individual. although made from
time to time will be aggregated and
considered as one subscription. The sec
rotary of the treasury will receive in
payment for the bonds, postof1fce mon
ey orders payable at Washington, d.
c.. and checks, bank drafts and express
money orders collectable in the cities
of New York, Boston, Philadelphia, Bal
timore, Washington, Cincinnati, Chi
cago, st. Louis, New Orleans and San
Francisco. All money orders and bank
drafts must be drawn in favor of the
treasurer of the United States. The
money orders and bank checks so re-
ceived will be forwarded for collection
by the department and as soon as re
turns are obtained, the subscriber Will
be credited with the amount OF MS SUD-
ScriptiOn as of the date of collection
The secretary will also receive in
payment for the bonds, certificates OF
deposit issued by the assistant treas
urers of the United States in the above
named cities. These certificates of de-
post may be obtained from any assist
ant treasurer in exchange for gold coin,
gold certificates, standard silver dol
lars, silver certificates, United states
notes. treasury notes of 1890 and ma
tional bank notes; the subscriber will
be credited with the amount of his sub
scription as of the date of the certn-
icate of deposit. The secretary will al
so receive currency sent by registered
mail or by express direct to the treas
ury department.
For the mutual convenience of the
subscribers and the department,
blank form of letter to accompany re-
rnittances has been prepared and it
may be obtained at the offices of ma
tionaI and state banks generally, at the
several sub treasures of the United
States, at any money order postoIhce
and at any express office
The bonds will be dated August l,
1898, and they will be delivered to sub
scribers free of expense for transporta-
ton as soon after that date as possible.
The bonds Will be accompanied by a
check for the amount Of interest due
the subscriber from the date of his pay
ment to August 1, 1898.
All remittances and other commune
cations relative to this loan should be
addressed to the secretary of the treas
ury division of loans and currency,
Washington, D. @. All subscriptions
must be received at the treasury de-
partment, Washington, d. C., not later
than 8 O'Clock afternoon. Wednesday,