The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1898-06-22
U. S. BONDS.
A Chance for al to Invest In Government
War Securities.
EVERYONE GAN BUY
In Denominations from $40 up--The Sec
rstary Invites subscriptions.
TREASURY DEPARTMENT, OFFICE OF
SECRETARY.


SECRETARY.
Washington, D. c., June Is, 1898.
The Secretary of the Treasury in
vites subscriptions from the people OF
the United States for $500, ooo, 900 of
the bonds of the 3 per cent loan au-
thoriYed by the act Of Congress to
provide ways and means to meet war
expenditures. Subscriptions will be
received at par for d period OF thirty
two days, the subscriptions being
open from this date to 8 o'clock p. M.
on the l4th day of July, 1893. The
bonds will be issued in both coupon
and registered form, the coupon bonds
in denominations Of $40, sloo. $500,
and 81. 900, and the registered bonds
in denominations of $40. SloO. $500,
$1,000, s., 900 and slo, 900. They will
be dated August l, 1898, and, by their
terms, will be redeemable In coin at
the pleasure of the United States
after ten years from the date of their
issue, and due and payable August l.,
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 cou-
puns, 20 be detached, from the bonds
az the interest becOmes due. and the
interest on the registered bonds will
be paid by checks drawn TO 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
dlviduals shall be first accepted, and
the !. subscriptions of the lowest
amounts shall be first allotted. In
accordance with that provision allott-
ments to all individual subscribers
will be made before any bonds will be
allotted to other than individuals.
All individual subscriptions for $500
or less will be allotted in full as
they are received, and such subscrip-
tions must be paid in full at the time
the subscription is made. If the total
sum subscribed for in amounts of $500
or less should exceed 5000. ZOO, 900 the
allotments will be made according to
the priority of the receipt of the sub
scriptionS.
Allotments on subscriptions for
ever $500 will not be made until after
the subscription closes, July 18th,
and will then be made inversely ac-
eording to the size OF the subscription
the smallest subscription being first
allotted, then the next in size next,
and SO on, preference being given to
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 sub
scribed for, such deposit to constitute
partial payment, and to be forfeited
to the United States in the event Of
failure on the subscribers part to
make full payment for his subscrip-
tion, according to the terms of the
circular. Allotments to subscribers
for more than $500 will be made as
soon as possible after the subscription
closes. $3.50
In order to avoid too rapid absorp-
tlon Of funds into the treasury. with
u possible consequent evil effect on
industry and commerce, any subscrib-
er for more than $500 will be permit
ted to take his allotment Of bonds in
instalments of 20 per cent, taking the
first instalment within ten days after
the notice of the allotment, and the
balance at four equal intervals OF
forty days each, in four instalments
each OF 20 per cent OF the bonds alot-
ted. Delivery Of bonds will be made
in instruments as payment for them
is received, and payment must in all
eases be made in full as the bonds are
taken. The 2 per cent deposit will
apply on the final instalment. Any
subscriber may pay for the whole
amount allotted him within ten days
from the date of the notice of his al
lotmert. Interest will be adjusted
from the time Of the actual payment,
whether paid In one sum or in install
ments as permitted. Separate sub
scriptions from one individual, al
though made from time TO time will