The state herald., 1898-06-17
BONDS ARE FOR SALE.
THE TERMS OF SUBSCRIPTION.
Books Open to July IAth-smsllest Al
lotments VIII he Made First-Pay.
ments May BE Made In InstAllments.

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 500, 100000 OF
the bonds of the per cent loan au-
thorized by act of Congress approved
June 13, 1903. 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
14th day Of July, 1898.
The bonds will be issued in both cou-
pom and registered form, the coupon
bonds In denominations of $50, 500,
$500 and $1,000, and the registered
bonds in denominations of $40, 500,
$500, 81 900, 5000 and $4,000. They
will be dated August 1, 1893, and by
their terms will be redeemable In coin
at the pleasure of the United States,
and due and payable August I, 1918.
The bonds will bear interest at the
rate OF per cent. per annum, payable
quarterly, the interest on the coupon
bonds will be paid by means Of eou-
pons, to be detached from the bonds
as the interest becomes due and the
interest on the registered bonds will
be paid by checks drawn to the order
OF the payees, and mailed to their ad-
dresses.
The law authorizing this issue Of
bonds provides that in alloting said
bonds the several subscriptions of in
dividuals shall be first accepted, aud
the subscriptions of the lowest
amounts shall be first allotted. In ac-
cordance with that provision allot-
ments to all individual subscribers
will be made before any bonds will be
allotted to others than individuals. All
Individual subscriptions for 81 or less
will be allotted In full as they are re-
ceived, and such subscriptions must
be paid In full at the time the sub
scription Is made. If the total sum
subscribed for in amounts of $500 or
less should exceed S2OO.0O0.0OO. the al
lOtments will be made according to the
priority of the receipt OF the subscrip-
tions.
Allotments on subscriptions for over
$500 will not be made until after the
subscription closes. July 14th. and will
then be made invcrsely 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 constitute a 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-
crs for more than $500 will be made ms
soon as possible after the subscription
closes.
In order to avoid too rapid absorb.
tion 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 IA
take his allotment OF bonds In install
ments OF twenty per cent. taking the
first installmcnt within ten days after
the notice OF the allotment and the hal
ance mt four equal installmcnts each
OF twenty per cent Of the bonds nlloi
I ed. Delivery OF bonds will he made In
instnllments and payment must. In al
cnses he made In full ms the bonds are
tnken. The two per cent. deposit will
apply In the final settlement. Any sub
srribcr 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 insinllments. ms per.
mitted. Separate subscriptions from
one individual. although made from
time TO time. viii be aggregated and
considered ms one subscription.
The secretary OF the treasury will re
celve In payment for the bonds post
Office money orders. payable mt Wash
ingion. u. c.. and checks. bank drafts
and express money orders collectible In
the cities OF New York. Boston. Phila
deiphia, Baltimore. Washington. Gin
cinnati. Chicago. st. Louis. New Or
leans and San Francisco. All money
orders and bank drafts must he 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
ns soon ms returns are obtained tn,
subscriber win I've credited with III,
amount OF his subscription ms OF tn,
date OF collection. The secretary will
ais, receive In payment for the bond,
certificates Of deposit issued by the us
sistnnt secretary Of the United States
In the above named cities. These Ger
tlficatcs Of deposit may be obtained
| from any assistant treasurer In ex
change for gold coin. gold certificates
standard silver dollars. silver certifi
Gates. United States notes. treasury
notes OF 1880 and national bank notes
| and the subscriber VIII be credited
with the amount Of his subscription n,
| OF the date Of the certificate OF deposit
| The secretary VIII also receive cur
rency sent by registered mall or ex
press direct to the Treasury Depart
mcnt.
For the mutual convenience Of IN,
| subscribers and the department blnnl
1 form OF letter To accompany remit
tnnccs has been prepared and I, may
b. obtained Mt the offices OF natlona
and state banks generally. nj the sub
trcnsurics of the United States. nt nm,
money order posioiiicc and nj mn,
express office.
The bonds viii bc dated August I
is9s. nnd they viii he delivered to sub
scrIbers free of cSpens, for trnnsporin
| lion ms -oon after that date M possible
The bonds will bc accompanied by d
check for the amount of Interest du,
| tho subscriber froin the date OF hi,
pnymeni 10 August I. isps.
| All r,mltipurss nuu other couifn,ini