The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-05-13
POPULAR FOND ISSUE
IF CONGRESS AUTHORIZES 1T PEO-
PIE WILL GET THE BENEFIT.
Government Intends that the Loan
Shall Not BE Handled Through
Any Syndicate Jobbers.

WASHINGTON, May 12.-The Treasury
Department is in thorough accord with the
apparent sentiment of the country that the
bond issue. if Congress authorizes one, shall
be popular loan in every sense There
will be no syndicate operations It is pro-
posed to have a perfectly straightforward,
simple and easily understood system in dis
posing of the bonds, which will permit every
person in the country who has $25 or more
to make an investment in the loan Never
before in the history of the country, and
probably in the history of any other coun-
try, have such comprehensive plans for Of
fering an issue of securities to the whole
people been worked out.
Assistant Secretary Vanderlip. who has
direct charge of the matter, has already in
hand plans which will result, if Congress
authorizes the loan. in establishing over
6O,OOO agencies for the disposal of the bonds
Every difficulty that would be likely to
prove hamper in preventing people not
used to financial operations from investing
their money has been considered and re-
moved and it wiD be as easy for the ordl-
nary man to subscribe to the bonds as it
would be for him to make a remittance for
any ordinary commercial purpose
The Treasury Department has already or
gained extensive facilities for popular sub
scriptions throughout the country. Every
little town which has a money-order post
office will have an agency for the money.
There are over 1000 of them There are
over 1900 banks and bankers who will be
asked 10 act without compensation. Many
or them have already rendered their sery-
ices without charge, and those who have
rot Will be asked to do likewise. The great
express companies have generously and pa
triotically come forward with offers Of
thelr extensive facilities.
service of their 5000 agencies. The % 200
newspapers of the country will be asked to
cooperate with the secretary in disseminate
ing information intended TO give a better
istics of government bonds. Every man, no
matter how remotely situated will be
reached by these means NEAR rS ana given the OPP
ers will be distributed calling attention to
the features of the loan, and blanks for
each Of the agencies named with full in
structions as to the method of procedure in
subscribing for the bonds.
With the present organization week will
suffice to bring to the attention of practical
ly every citizen of the country full infor-
nation concerning the loan. 1t is intended,
so far as possible, to make the matter CT
payment easy to the purchaser. Remit
tanceS covering payments will be accepted
IN any manner which the subscriber pleases; ;
postoffce money orders and express money
orders.
Inquiries as to SUBSCRIPTIONS are pouring
into the treasury not alone from the great
moneyed institutions of the country but
from Hundreds of patriotic citizens having
from SIS to 81, 900 to invest and who welcome
the opportunity to assist in the prosecution
of the war and at the same time secure
safe and attractive investment for small
savings. 1t is safe to say that no previous
popular loan has ever had that feature so
well DEVELOPED nor has the department here
tofore had such far-reaching facilities for
getting the bonds directly into the hands of
the people. The number and character of
be reached are approximately as follows:
National banks. 1900 money order post
Adams Express Company, 1850; United
States Express Company, $500; American
Express Company, 5000; Southern Express
Company sOl5; Well se5 i6s $500 >. Pacific