El Paso daily herald. (El Paso, Tex.) 1881-1901, 1898-06-22
UNITED STATES BONDS.

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 be-
cause there Is at all times q public
market for them ON which holders can
quickly sell; and they also offer the
most desirable form of collateral if the
holder wishes to secure q temporary
bonds are not subject to taxes of any
chsracter-federal, state, or munich
pals q valuable feature of that form
of Investment. United States bonds
are issued in both coupon and register
ed form.
COUPON BONDS.
A coupon bond is payable to the
bearer. 1t may be bought and sold
without Formally as freely az any kind
OF property and without Inducements
of any kind. Owing to the freedom Of
transfer coupon bonds are usually pre-
ferred by persons who expect to hold
them but short time. Their disad-
vantage for the person who wishes to
make permanent investment lies in
the danger that they might be lost or
stolen, in which case the lOss to the
owner would be as complete as would
be the loss of q bank note. The coupon
bonds take their name from the me-
thod by which interest is collected by
the holder.
Printed on the same sheet with the
bond is q series of coupons or small
certificates of interest due, which are
so designed that one is cut off at each
interest period. Each coupon bears
the number of the bond and shows the
date of the coupons maturity. The
holder of a coupon bond at each inter-
est period detaches the coupon due that
day and collects it. The coupons are
payable at any sub-treasury, and may
be collected through any bank, and
will usually be accepted by any mer-
chant having q bank account, with
whom the holder of the bond has deal
ings. The holder of q coupon bond may
regi stored bond free of charge.
REGISTERED BONDS.
A registered bond is payable to the
order of the owner, and can only be
transferred by being properly Endorsed
Segment is made by the owner filing
in the blank form on the back of the
bond, and must be witnessed by some
officer authorized by the regulations of
the treasury department to witness as
signments. The owner of the regis
tered bond who wishes to part with it
writes his name on the back of the
bond in the presence of the officer;
then the witnessing officer writes his
name In it's proper place and affixes an
impression of his official seal.
The officers who are authorized to
witness assignments are q United
States judge, United States district at
torney, clerk of q United States court,
collector of customs, collector or asses
sor OF internal revenue, United States
treasurer or assistant treasurer, or the
president or cashier of q national bank,
or If in a foreign country, a United
States minister or consul. In cases
where there is no officer within q
reasonable distance, or when, through
sickness or for some other good reason,
the owner OF registered bonds can not
go before one of these officers, the
treasury department will designate
some person near the owner to act as
witness.
When the owner of q registered
bond disposes of it and has properly
assigned it, he delivers it to the new
owner, who should at once forward it
to the register of the treasury for
transfer on the books of the depart