The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-14
THE BOND ISSUE.
Its Details Explained In q Circular by
Secretary Gage.

Secretary Gage.
Washington. June Automatically
upon Information from the white house
that the war evenu measure had been
signed by the president, Secretary Gage
issued the following circular explaining
to the public The proposed bond issue:
Treasury Department. ONCE of the
Secretary. washington, ID. c., June
Is, 1898:
The secretary Of the treasury in
vites subscriptions from the people OF
Inc United States for $500. 900, 900 of the
bonds OF the three per cent loan author
lied by the act of congress approved
June Is. 1898. Subscriptions will be
received at par for a period of az days,
the subscription being open from this
date to 5 o'clock on h 1+th day OF July.
1898. The bonds will be issued in both
coupon and registered form. the coupon
bonds In denominations Of 500. 500, $500
and $1,000. and the registered bonds In
denominations Of $50. 800. $500. 81. 900.
$4,000 and $4,000. They win be dated
August 1. 1898, and by their terms will
be redeemable In coin n the pleasure
OF the United States after ten years
from the date Of their issue. and due
and payable August l, 1918. Thu bonds
will bear interest II the rate OF 8 per
cent per annum, payable quarterly. The
interest on the coupon bonds will be
paid by means OF coupons, to be de-
tached from the bonds as the Interest
becomes due, and the interest on the
registered bonds will be paid by checks
dra W to the order Of the payees and
mailed to their addresses.
The law authorizing this issue OF
bonds provides that in allotting aid
bonds the several subscriptions of in
dividuals shall be first accepted, and
the subscriptions OF tbs lowest amounts
shall be first allotted.
In accordance with that provision,
allotments to all individual subscribers
will be made before I'M bonds will be
allotted to other than individuals. All
individual subscriptions for $50 or less
will be allotted In full as they are re-
ceived. and such subscriptions must be
paid in full at the time the subscrip-
tion is made. II the total sum SUBJ
scribed for In of $500 or less
should exceed $20o. 600, 900. the allotments
will be made according to the priority
Of the receipt OF the subscriptions.
"Allotments on subscriptions for over
$500 will not be made until after the
subscription closes. July 18th, and then
will be a inversely according TO the
size of the subscription. the smallest
subscription being first allotted. Their
the next in size. and so on. preferences
being individual subscriptions. Persons
subscribing for more than $500 must
send In cash or certified checks 20 the
amount OF two per cen of the sun
subscribed for such deposit to consti.
tute a partial payment. and to be for
feited to the United States in the event
OF failure on the subscribers part e
make full payment for his subscription
according to the terms Of the circular
Allotments to subscribers for more thar
$500 viii be made as soon as possible
after the subscription closes.
In order to avoid q too rapid absorp-
ton Of funds into the treasury. with q
possible consequent evil effect on indus.
try and commerce. any subscriber fol
more than $500 viii be permitted TO taks
his allotment OF bonds In installments Of
20 per cent, taking the fret installmeni
within ten days after the notice OF ths
] allotment. and the balance at four equa