New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-15
SNAIL SUBSCRIBERS ON HAND
ALI. THE BLANKS FOR The NEW WAR
LOAN EXHAUSTED
TIE BLANKS FOR BIDS ~ EXCESS OF 500 NOT
YET RECEIVED sTAMrs on CHECKS AND
THE TAX ON STOCK TRANSACTTONS'

YET RECEIVED sTAMPs on Cheers ASp
TIE TAX ox STOCK TRANSACTIONS.
The small subscribers the new war loan de-
seconded upon the Sub-Treasury yesterday cash ]"
hand There we're men, women and boys 80 many
n, them that the stock OF subscription blanks FUR
nisaed from Washington was exhausted oeiore INC
dny was over the continued demand oeihh "''
temporarily by the Issuance OF typewriter copeS
Deputy Sub-Trcasurcr Muhieman. whose once
handled the subscription business. has sent 10 INC
Department for more banks and an ample supply
is expected 10 arrive to-day Tho total numo't vi
actual subscribers 1T the Suh-Treasury yes.er.ay
was about one hundred. most OF whom paw !" '''
each 80 that probably over $4,000 vas receive" y"
the FIRST day of business. great many VI Wv
appIicants. however. carried the blanks away WIKI
them. TO be filed out at their Ie:sure ana these
nersons wifi probably rcnppear within DAY OF
TWO prcpnred to pay Tor the bonds they VISA 20
secure. The subscription blank furnished 70 each
applicant rends follows.
SUBSCRIPTION FOR 500 OR LESS.
Hon l.. T. Gage secretary q the Treasury ,cusr.
Sir. hereby subscribe for u''a''
So ~, 81 .r, ns soon authorized by the Ae, Of
,onsrc.. 70 provide ara means to meet war ~
rsndiures ana lncosr herewith n, circular
e. ioi ' a.d June Il sas by the Treasury De
WIEN The bond. ready Pleas" forward them to 'h'
fo,i.vins ehire-' ...............
stree, snd
'ft n t'Wnt canaan
County ...-....-.-....'. ''''''''''''
state ..'s.'''''f ''''''''
To zach person handing IN a properly nl'ed-out
,r,uco,ior blank ard tho sum OF money cor
,e.rondIng 70 the amount recited In the Application
A duplicate receipt given. the original receipt
and the application paper being forwarded by the
sub-Treasury TO Washington. where the aiotments
Will be made Interest on these alloments begins to
run from the day Of the deposit, Of the money.
Hanks for bids IN excess Of eco have not yet been
crtrt.J ID otp1
r-ocflcory every bank and banking house In the
c,,v Will be- among the bidders. but none Of them
arc vet prepared to make pubic the amounts FOR
which they purpose TO apply. one large bhhhihs
orm Yesterday announced that subscriptions assr--
eating more thar 10000 had been placed In their
hands Tor transmission 10 Washing Ton. II IL tuily
believed IN wau street that the o-hundred-mlli-
lon-ioiiar issue will be- lnrgey oyersuhscrbed.
The bank. are Interested IN the question OF the
stamps which must DO placed upon checks Al
present II Is PROPOSED that depositors shall supply
themeeves with these stamps and afnS them to tho
checks az OCCASION may require. but an arrange
ment may he made by which the Government may
prirr tho stamps or blank checks the dcposltor
receiving n new cneckbook from his bank paying
the sum represented ~ the total number ~ two
cert stamp. contained therein. No stamps have
vet been received here and the does not go into
orcct until July
IN, subject Of tho tax on Stock Exchange trans
sciions. which becomes operative on July /. will be
acted uIon by ihe Governing Committee at their
mex, regular mrcfing wccF from today Under
the new law al stock Exchange sales will he taxed
s. on cach ilH shares OF stock the par value OF
which is SO share Under tho regulations OF
tho Exchange member must charge comms
sion Of one-elghth Of per cent on each sale, and
II not allowed 90 make any rebate II the broker
should pay tho tax he would In effect be allowing a
rel ate 20 his customer II Is declared but " he
should add tax to The commission. * Is thought
the result would be 20 curtail The volume OF trad
ing.
The tax on promlss0ry notes Is also worrying the
stock brokers \ large part OF the stock Exchange
hu-inc-- a. financed 10y call loans made by banks.
trust and insurance companies. and Individuals
Call 'oans are made upon prOmissory notes with
stocks and bonds ~ collateral. and are constantly
shifting The per cent tax Is equal to per cent
n year and viii increase seriously tho expense Of
carrying stocks margins. and the Governing
Committee ~ inc Exchange Will have to decide In
this instance also whether the burden is TO be
horne the broker the