Rocky Ford enterprise., 1898-06-16
BONDS ARE FOR SALE.
THE TERMS OF SUBSCRIPTION.
Books Open to July 14th-Sinallest Al.
iotments Will Be Made Flrst-Pay.
ments May Be Made In Instnllments.

mohts may be Made In 1nstnllmcnts.
Washington, June 13.-Immediately
upon receipt of Information from the
White House that the war revenue
bill had been signed by the President.
Secretary Gage to-day issued the fol-
lowing circular explaining to the pub
lie the proposed bond issue:
The Secretary of the Treasury in
vites subscriptions from the people of
the United States for $200,000,OOO of
the bonds of the 3 per cent. loan au-
thorized by act of Congress approved
June 10, 1898. Subscriptions will be
received at par for period of thirty
two days, the subscription being open
from this date to 3 o'clock p. IN. on the
, 18th day of July, 1S0S.
| The bonds will be issued In both cou-
pom and registered form, the coupon
bonds In denominations of $50, 500,
5000 and $1,000. and the registered
( bonds in denominations of $50, 500,
$500, $1,000. $1,000 and $4,000. They
VIII be dated August l. 1898. and by
their terms will he rcdeemable In coin
at the pleasure of the United States,
I and due and payable August I, 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-
1 pons, to be detached from the bonds
| as the interest becomes due and the
interest Oh the registered bonds will
, be paid by checks drawn to the order
OF the payees, and mailed to their nd
dresses.
The law authorizing this issue Of
bonds provides that in alloting said
bonds the several subscriptions of In
: dividunls shall be first accepted, and
yInSsr tTNtt Ions ,f tl,A tANt OF
amounts shall be first allotted. In nc
cordnnce with that provision nllot-
ments to all Individual subscribers
Will be made before any bonds will be
allotted to others than individuals. All
individual subscriptions for IS or less
I will be allotted in full MS they are re-
ceived. and such subscriptions must
be paid In full at the time the sub
f.. scription is mnde. II the total sum
subscribed for In amounts of $500 or
lesc should exceed 5000. 900. the al
/ lotments will be made according to the
| priority of the receipt of the subscrip-
! tions.
| Allotments on subscriptions for over
J $500 Will not be made until nfter the
subscription closes. July 1Ith. 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. prefer
ences being Individual subscriptions.
Persons subscribing for more than
$500 must send In cash or certified
checks to the amount of 2 per cent. of
the sum subscribed for. such deposit
to conctitutc n partial payment. and to
be forfeited to the United States In the
event of n failure on the subscribers
part to make full payment for his sub.
scription. according to the terms of
the circular. Allotments to subscrib-
ers for more than $500 will be made MS
soon Us possible after the subscription
closes.
! In order to avoid n too rapid absorb
ton of funds into the treasury, with
n possible consequent evil effect on In
dustry and commerce. and subscriber
/! for more than $500 will be permitted to
take his allotment of bonds in INSTALL
ments of twenty per cent, taking the
first installment within ten days after
the notice OF the allotment and the bal
nnce at four equal instnllments each
of twenty per cent. of the bonds nllot-
ed. Delivery of bonds will be made In
instnllments and payment must. In all
cases be made in full ms the bonds are
taken. The two per cent. deposit will
apply in the final settlement Any SUBJ
scriber may pay for the whole amount
: allotted him within ten days from the
date of the notice of his allotment. In
terest will be adjusted from the time
OF the actual payment, whether paid In
one sum or In instnllinents. as per-
mitted. Separate subscriptions from
! one individual, although made from
/ time to time, will be aggregated and
! considered us one subscription.
The secretary OF the treasury will re-
+ ceive in payment for the bonds post
.,..1A .1,1p
ington, d. c.. and checks. bank drafts
/ and express money orders collectible In
! the cities OF New York. Boston, Phila-
7 delphin, Baltimore, Washington, Gin
I cinnnti. Chicago. st. Louis. New Or
leans 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 received will be forwarded
for collection by the department and
| as soon rs returns are obtained the
| subscriber will be credited with the
! amount of his subscription ns of the
date of collection. The secretary will
! also receive In payment for the bonds
/ certificates of deposit issued by the as
! sistant secretary of the United States
! in the above named cities. These Ger
tificatcs of deposit may be obtained
! from any assistant treasurer In en-
| change for gold coin, gold certificates,
standard silver dollars, silver certifi-
Gates. United States notes, treasury
| notes of 1890 and national bank notes,
! and the subscriber will he credited
| with the amount of his subscription as
| of the date of the certificate of deposit.
| The secretary will also receive cur
rency sent by registered mail or ex-
press direct to the Treasury Depart
| ment.
For the mutual convenience OF the
| subscribers and the department n blank
| form of letter to accompany remit
tances hns been prepared and 1t may