The record-union., 1898-06-21
UNITED STATES BONDS.
HOW TO SUBSCRIBE TO THE
NEW POPULAR LOAN.
Explanation in Regard to the Cou-
pom Bonds and the Regis
tered Bonds.

| United States bonds are recognized
as the most secure and stable form OF
obligation that investors can hold. They
| are attractive, not only because or the
absolute security offered, but because
there is at all times public market
for them on which holders can quickly
sell; and they also offer the most de-
| sirable form of collateral if the holder
wishes to secure temporary loan The
| fact that United States bonds are not
subject to taxes of any character-F'ed-
eral, State or municipal-is valuable
| feature of that form of investment.
| United States bonds are issued in both
coupon and registered form.
COUPON BONDS.
| A coupon bond is payable to the
| bearer 1t may be bought and sold
without formality as freely as any kind
of property and without Endorsement of
| any kind Owing to the freedom of
| transfer, coupon bonds are usually pre-
| ferred by persons who expect to hold
| them but a short time. Their disad-
vantage for the person who wishes to
make a permanent investment lies IN
/ the danger that they might be lost or
| stolen, in which case the loss to the
owner would be as complete as would
be the loss of bank note. The coupon
bonds take their name from the meth
Cd by which interest is collected by the
| holder
| Printed on the same sheet with the
| bond is a series Of coupons or small
certificates of interest due, which are so
designed that one is cut off at each IN
| terest 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 inter-
est period, detaches the coupon due
that day and collects it. The coupons
are payable at any sub-treasury, and
may be collected through any bank, and
will usually be accepted by any mer-
| chant having a bank account, with
whom the holder of the bond has deal
| ings. The holder of coupon bond
may at any time have it converted into
registered bond free of charge.
REGISTERED BONDS.
| A registered bond is payable to the
order of the owner, and can only be
| transferred by being properly indorsed
| and assigned by the owner. Such as
signment is made by the owner fill
| ing in the blank form on the back of
! the bond and must be witnessed by
some officer authorized by the regula-
1 tions of the Treasury Department to
witness assignments. The owner of the
| registered bond who wishes to part
with it writes his name on the back of
| the bond in the presence of the officer;
| then the witnessing officer writes his
name in its proper place and aff1xes an
| impression Of his official seal.
/ The officers who are authorized to
witness assignments are United
| States Judge, United States District
/ Attorney, Clerk of a United States
| Court, Collector of Customs, Collector
| or Assessor of Internal Revenue, United
States Treasurer or Assistant Treasurer
| or the President or cashier of a national
! bank, or, if in a foreign country, a
| United States Minister or Consul. In
| cases where there is no officer within
a reasonable distance, or when, through
sickness or for some other good rea-
son, the owner of registered bonds can
not go before one of these officers, the
Treasury Department will designate
some person near the owner to act as
| witness.
| When the owner of a registered bond
disposes of it and has properly assign
ed it, he delivers 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 forward
ed and issues a new bond in the name
of the new owner, and sends it to him
| by registered mail The department
makes no charge for transferring
bonds.
If the owner of a registered bond
loses it, or if it is stolen from him. he
should at once notify the Secretary of
the Treasury. A stoppage will be en-
tered against the bond, and, if it
should be presented for transfer, the
department will hold possession Of the
bond until the ownership is clearly es-
tablished. If a lost or stolen bond is
mot recovered within six months, the
department will issue duplicate bond
upon proof of loss and a bond Of in
demnity being furnished.
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 department are closed
for a period, varying according to the
Importance of the loan. The books OF
the 4 per cent. loan Of 1907 are closed
for the whole month preceding the pay
ment Of a 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 pre-
pairing 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 ano
proved. they are sent to the Treasurer
of the United States, who immediately
has checks and envelopes addressed
and in due time each check is mailed
to the address of it's 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 denom-
nations of 500 S1O0, $500 and 81 900
Registered bonds are issued in denom-
nations of 500, 500, $500, 81 200, S5,-
600, $4,000.
HOW TO SUBSCRIBE FOR THE
NEW BONDS.
The war loan which is now being Of
fered will be sold to subscribers at pal
during the period Of subscription, which
ends July IA, 1898. The method OF
subscription has been made as simple
as possible. Blank forms may be OBJ
tanned at every money -order office, and
, at most of the banks and express Of