The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-06-14
Treasury Department,
Office of the Secrctnry

The Secretary OF the Treasury invites |
subscriptions from the people of the
limited State for 100000. eco of the
bonds of the > per cent loan authorized
by the act of Congress approved june
Is. 1898. Subscriptions will be received
nj par for Il period of thirty-four days
the substitution being open from tmsi
date to ; o'clock p. M on the l4th day
of July. 1898. The bonds will be issued
in both coupon and registered form, theI
common bonds in denominations Of %&o,
500. $500 and 81 900 and the register
cd bonds in denominations Of $50. $lOO,
$500. 81 600 $1,000 and $4,000 they
will be dated August /, 1898, and, by
their terms. will be redccmable III com
nj the pleasure Of the United States af-I
fer ten years from the date OF their isl
she. and due and payable, August III
1918. The bonds will bear interest att
the rate of per cent per annum, paya-
lilo quarterly: the interest on the coupon
bonds will be paid by means of coupons,
TO be detached from the bonds as the in
terest becomes due. and the interest onl
the registered bonds will be paid byl
checks drawn to the order of the payees,
and mailed to their addresses
The law authorizing this issue Of bonds
provides that in all allotments SAID bonus
the several subscriptions of individuals
shall be first accepted, and the sun
scrptions of the lowest amounts shall
be first allotted In accordance with that
provision all allotments to indlyldual
subscribers win be made before any
bonds will be allotted to other than mar
yidtals. All individual subscriptions Tor
$500 or less will be allotted in fun ass
they are received, and such subscriptions
must be paid in full at the time the SUD
scription is made. If the total sum sub
scrihed for in amounts of S0OO or less
should exceed S200,000,0O the allot-
ments will be made according to the
priority of the receipts of the subscrlp-
tons.
Allotments of subscriptions for over
$500 will not be made until after SUB
scrition closes July 18th, and will then
he made inycrsely, according to lhe
size of the subscription, the smallest
subscription being first allotted, then the
next in size, next and 50 on, preference
being given to individual subscriptions.
Persons subscribing for more than
$500 must send in cash or certified chetk
TO Che amount of per cent. OF the sum
subscribed for, such deposit to consti-
tute a partial payment, and to be lof
fcited to the United States i'll the event
of failure on the subscribers part to
make full payment for his subscription
according to the terms Of the circular
Allotmcnts to subscribers for more than
$500 will be made as soon rs possible
after the subscription closes.
In order to avoid a too rapid ABSORB
tion of funds into the treasury with a
nossjble effect on commerce, any sub
scriber for more than $500 will be per-
mitted to take his allotment of bonds
in installments Of 20 per cent, taking
the first installment within ten days
after the notice Of the allotment and
the balance at four equal intervals eff
forty days each, in four installments
each of 20 per cent. of the bonds allotted.
The 20 per cent. will apply on final in
stallment. Any subscriber may pay
for the whole amount allotted to him
within ten days from the notice Of his
allotment Interest will be adjusted
from the time of the actual payment,
whether paid in one sum or in INSTALL
mcnts as permitted. Separate sub
scriptions from one individual, although
made from time to time, will be aggre-
GATED and considered as one subscription
The Secretary of the Treasury will re-
ceiyc in payment for the bonds post
office money orders, payable at Wash
incton, and checks, bank drafts. and
EXPRESS money orders collcctable in the
cities of New York, Boston. Philadel
nbia. Baltimore. Washington. Cincin-
noti Chicago St Louis. New Orleans
aud San Francisco. All money orders
~ - no, Il in fa
or the Treasurer Of the United States
The money orders and bank checks so
rocoivcd will be forwarded for collec-
tion by the department and as soon asI
returns are obtained, the subscriber win
he credited with the amount of his sub
scrintion as of the date of collection.
Tine Secretary will also receive in pay
mont for the bonds certificates of de-
nosit issued by the Assistant Treasurer
Of the United States in the above named
cities. The certificates of deposit may
be obtained from any assistant treasurer
in exchange for gold coin, gold certii-
cofes. standard silver dollars silver GER
tifcates. United States notes, Treasury
notes of 1890 and naional bank notes.
md the subscriber will be credited with
tho amount Of his subscription as of the
do+e of the certificate of deposit The
Secretary will also receive currency sent
nv registered mail or by express directI
70 the Treasury Department.
FOR the mutual convenience of tbeI
subscribers and the department. blank
form Of letter to accompany romittances
has been prepared, and it may he oh
famed at the offices Of National ondi
state banks generally, at the several
cnl Treasures Of the United States. ~
any money order postoffice and MT any
exnress office
The bonds will be dated August !, |