The Monte Vista journal., 1898-06-25
UNITED STATES BONDS.
Iasossatssa fos These Wsshlag 70 Il.
vest.

Issos.atssa fes These Wsshlag 70 IL.
vest.
United States bonds are recognized
as the most secure and stable form OF
obligation that Investors can hold.
They are attractive, not only because
Of the absolute security offered. but
because there Is at all times a public
market for them on which holders can
quickly sell. They also offcr the most
desirable form of collateral II the hold
er Wishes To secure n temporary loan.
The fact that United States bonds nre
not subject to taxes OF any character
federal. state or municipal-ls n vnlu.
able feature of that form OF invest
mcnt. United States bonds are issued
In both coupon and registered form.
\ coupon bond is payable to the
bearer. II may bc bought and sold
without formali'y ms freely ns any
kind OF property nnd without indorsc-
mcnts OF any kind. Owing 10 the free.
dom OF transfer. coupon bonds are usu.
ally preferred by persons who expect
to hold them but n short time. Their
disadvantage for the person who wish
cs TO make u permanent Investment
lie. In the danger that they might In.
lost or stolen. In which case the loss to
the owner would bc as complete nA
would bc the loss Of n bank note. The
coupon bonds tn..c their name from the
method by which interest II collected
by the holder.
Printed on the same sheet with the
lsond is n series of coupons or small
certificates OF interest due. which are
so designed that one is cut OF nj cncl,
Interest pcrlosl. Each coupon bears
the number OF the bond and shows the
date OF the coupons maturity. The
holder of n coupon bond. nt each inter.
est period. dcinchcs the coupon due
that day and collects II. The coupons
mr." payable at any subtrcnsury. and
inny !. collected through nny bank,
nhd VIII usually n accepted by any
merchant having bank account, with
whom the holder Of the bond Inns ,Icnl.
'nHa. The holder Of 4 coupon bond
may nj amy time have Il converted into
a registered bond free Of charge.
\ registered bond is payable 70 the
order of the owner. and cnu oniy IN,
transferred by hring properly in,iorsssi
and assigned by the owner. Ruch as.
signmcnt II made by the owner siilIns
In the blank form on the hack Of tho
bond. md must bc witnessed by some
officer authorized by the reguln tions Of
the Treasury Department 10 witness
assignments. The owner Of the regis.
, tered bond who wishes to pnrt with 1,
writes his name on the back Of the
tond In the presence of the officer.
then III" witnessing officcr writes hls
name In Its proper plnrc nnd nsiixrs su
Impression ~ his otiiriai seal,
The Officers who nrr authorized IA
witness assignments nrr a United
ttnirs jusiRr. uait~sl Rtasea district NJ.
torpcy. clerk Of q United Rtntes court,
collector oe customs. collector N assrs
sor Of internal rrveaue. Uuitrd ats,rs
treasurer or assistant TREASURER, or ths
president or raahi~r Of NatiousI
hank. or II In q foreign couutry, I
CnIird Htaics minister or Consui. ID
Gases where there h M ollicer within
reasonable distance. or when
through sickness or f0r anne oth~,
Eood rrnson. the owner of Registered
hotstls cannot ~ lrforc one oe ,hcsr
ofiiccrs The Treasury Department will
designate seme irrson near the ownc,
10 art na witness.
When the owner NJ registered ipn,l
dispoAcs NJ Il and has property ~
signed II. w delivers n 10 the sssw own
er who should at oncc forward Il IA
The register of ii,e treasury for trans
fef On tho hooka Of the dersrin~nt
The register caeccis ths bond 20 fos,