The times. [volume] (Richmond, Va.) 1890-1903, 1898-07-20

the various States In responding 10 TINS
appeal by Uncle sam for money. New
York IN in the lead. as shown by her
1900 cards. each OF them standing for
a bid. Massachusetts has about l,vv
cards. Illinois 1000. Pennsylvania 1000.
ana 40 on down TO Montana, whose box
Is entirely empty. Rhode Island has
about 400 cards. Virginia 1000 and Ken
lucky 500 perhaps. North Dakota has
only two or three dozen. These figures
are only approximate no opportunity
for counting the cards being afforded
Most people who have subscribed for
the loan are wondering when they Will
get their bonds. and are asking when
the interest on them will begin. These
questions may be answered In word''
About August Ist the bonds will begin
20 go out from the Treasury IN a Hood
and by September LIST the last OF them
VIII have been mailed. probably. In
terest on subscriptions begins on the
date when the money Is received by the
Treasury. a check or draft IS not mon
ey. but merely an order for cash. How
ever. as quickly as IL IS collected by
Uncle Sam tho interest begins. on or
about the first day Of August every SUD
scriber will receive A check Tor the IN
terest due him up to August Isl. even
II It be only a few cents. From that
time ON. of course. the interest VIII be
paid quarterly by Treasury check.
AN ENORMOUS TASK.
As may be imagined. the writing or
these checks Is an enormous task. The
list OF names and amounts due Is pre-
pared I'm the Office OF the Register Of tho
Treasury. who sends It 10 the Treasurer
Of the United states. The clerks in the
Treasurer's office make out the checks.
which are signed for the Treasurer by
certain assistants assigned 20 that duty.
These checks for interest on bonds are
good indefinitely. and on that account
people often hoard them, putting them
away year after year instead OF turn
iug them into cash. All checks return
ell cancelled TO the Treasury are filed,
so as 90 be referred 20 easily. man
may write to the Treasury and complain
that he has not received his interest Tor
% certain quarter. and then reference
has 10 he made a. the files TO discover
wacti ar he is correct or not. Frauds IN
this way are attempted occasionally.
Lut thcy never 80 through. There are
now or Sic $1,000 old checks, aggreg 1t
ing sol 600 O00-the total amount paid as
interest on registered bonds mp TO date
or course the system with coupon
bonds is somewhat different. The Treas
ury usually recommends bidders TO ap-
ply for registered bonds, because 4 IA
easier 10 keep track Of them. \ coupon
bond is like money. and can be con-
vcrted into currency by any thief VINO
steals 70; n registered bond on the 9TH
or hand. can only be sold through the
Treasury and will BE- replaced by Uncle
! Slm if los' or destroyed.
THE designs for the new bonds have
been r6fIly completed by the 5ureou OF
Eurra' ing. and they viii be very hand
sCne. irGeed. Special pains nave been
taken with the design for the 500 bond.
which was expected 10 be The popular
denominations it VIII have a picture OF
| the battleship Maine on g.. The paper
employed for the bonds Is distinctive,
| with "A single band Of hbres. II Is made
| by a firm an Dalton. Mass, under gov
| eminent agent. The matirial is al
! most wholly linen. but some cotton IS
| mixed I'm 20 prevent it from being too
! hard.
| 10 snouli ae understood that anybody
f. M liberty 20 subscribe what he
! picascs fer each member OF his family.
| 4 nan. for example. may have a wife,
/ c0ufie OF sisters and half dozen
! children. II he chooses 10 bid for a 5000
! bond for each Of them, there Will be no
! criticism. Inc regulation provides mere
! Is that the holdings OF a single indivd-
| ual shall not run mp too high II Is a
wonderful thing 10 consider that William
! H. Vanderbilt 40 the time Of his death
! held SS.0jO.000 On Government . per cents.
! Every three months he received from
/ Washington his interest on this per-
! sonal loan 10 Uncle Sam I'm the shape
| Of "a check for $50 J00 This amounted TO
/ s. 26J.75 per day Every hotV Of the day
and night the Treasury paid him Nl9.i0.
/ DE drew 1856 every minute OF tho year,
| or "a little moro than cents a second
] New York sun.