The times., 1898-06-14
Department Circular No. 1Gl.l.
TREASURY DEPARTMENT.
Office of The Secretary
Division of Leans and Currency,

DIVISION OF Leans ana currency,
Washington, ID. c., June l3. Is0S.
The Secretary Of the Treasury invites subscrip-
tions from the people OF the United States f5r
500 100000 OF the bonds of the per cent losn
authorized by the act OF Congress 10 provide ways
and means 70 meet expenditure Subscrfp-
lions viii ba received at par for a period Of
thirty,fon days the subscription being open fFom
this date to O'Clock p. m. on the l4th day
OF July, lS9S. The bonds viii be Issued in both
coupon and registered FORM the coupon bonds
in denominations Of $50 500. 500 aud $1,000. snl
the registered bonds IN denominations of s2a,.
sl90 $50, 81 coo. 5000 and $4,000. They will
be dated August l. 1885 and, by their terms.
will be redepmable in coin at the pleasure of the
United States after ten ye.ns from the date OF
their issue and due and payable August l. 1915.
The bonds will bear interest AT the rate OF
per cent per annunl, payable quarterly the in
terest on the coupon bonds will be paid by means
of coupons, to be detached from the bonds the
interest becomes duo. and the interest the
registered bonds will be paid By cheoss drawn
to the order of the payees, and mailed to thoiF
addresses.
The law authorizing this issue of bonds pro
vides that in ailotting said tonds the several
subscriptions OF individuals shall bo first accept
ed, and the subscriptions of the lowest amounts
shall be first allotted. In accordance with that
provision allotments to all individual subscribers
will be made before any bonds will he allotted
to other than individuals. All individual sub.
scrlptiCns Ter $500 or less VIII he allotted IN
full as they are received, and such subscriptions
must be paid in full at the time the subscription
is made. Ii the total sum subscribed for in
the all0tments will be made according TO tho
priority of tire receipt of the Subscriptions.
Alotncuts subscriptions for $500 will
not be made until after the subscription closes,
July II. and viii then be made inveT5ely, accord
ing to the size of the subscription. the smallest
subscription being first allotted, then the next III
size next. and 50 on, preference being given to
individual subscriptions. Persons Subscribing for
more than $500 must send in cash certified
checks 10 the amount OF per cent Of the
subscribed for, such deposit to constitute 4 par
! IL 4
States in the event Of failure on the subscribers
part to make full payment for his subscription
according TO the terms of the circular. All1t
ments TO subscribers fer than $500 will be
made as soon as possible after the subscription
closes.
In order to avoid a too rapid absorption of
funds into the Treasury, with possible con
Sequent evil effect industry and commerce.
any subscriber fer more than $500 will be per-
mitted TO take his allotment OF bonds in install
ments of 20 per cent, taking the first Install
mont within ten days after the notice OF the
allotment and the balance at four equal intervals
of forty days each, in four instsllments each of
20 per cent OF the bonds allotted. Delivery of
bonds will be made in installments payment
for tken is received, and payment must in all
cases be made in full as the bonds are taken
The per cent deposit will apply on the final
installment ANY subscriber may pay for the
whole amount allotted him within ten days from
the date of the notice OF his allotment. Interest
Will tie adjusted from the time of the actual pay
ment, whether paid in one sum or in installments
4
individual, although made from time time.
will be aggregated and considered as SUBJ
scription.
The Secretary Of the Treasury will receive in
payment for the bonds postoffice money orders
payable at Washington, D. c., and checks. BANK
drafts, and express money orders. collectible in
Baltimore, Washington, Cincinnati. Chicago, ST.
Louis, New Orleans. and San Francisco. All
money orders and bank drafts must be drawn
in favor of the Treasurer of the United States.
viii be forwarded for collection by the DEPART
ment, and returns obtained the
subscriber will be credited with the amount OF
his subscription of the date OF collection. The
Secretary will also receive in payment for the
bonds certificates of deposit issued by the Assist
ant TreasureTs OF the United States in the ab5v
named cities. There certificates of deposit may
! be obtained from any Assistant Treasurer in eS-
change for gold coin, gold certificates. standard
silver dollars silver certificate. United States
notes, Treasury notes of 1890 and national bank
| notes: and the subscriber will be credited with
| the amount of his subscription OF the date OF
the certificate OF deposit. The Secretary will also
! receive currency sent by registered mail or by
express directly to the Treasury Department
For the mutual convenience OF the subscribers
and the department, blank form q letter to
accompany remittances has been prepared and ii
may be obtained at the Offices of national and
State banks generally. at the several subtreasurcs
| OF the United States, at any money-order post
| Office. and at any express office.
The bonds will be dated August l. 1898, and
4 tHt5 Will oc uSihcitt " ouoSCIlDtfs OI ex-
! pense for transportation soon after that date
| as possible. The bonds will be accompanied by
a check for the amount of interest due the sub.
| scriber from the date Of his payment to August
! l, 1893.
| All remittanees and other communications rela
| tive to this loan should be addressed to the
Secretary of the Treasury. Division OF Loans and
/ Currency, Washington. d. c.
All subscriptions must be received at the
| Treasury Department. Washington, D. c., no,
| later than than O'Clock p. m. Wednesday
J,,lx- NJ c,tt.so r;,,t5~
that date and hour will be considered.
/ L. J. GAGE, Secretary.