Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1898-06-29

ABOUT THE BONDS.


.T1 HE war loan which is now being
offered viii be sold TO subscribers
Il at par during the period of subscrip-
ton, which ends July IA, 1898. The
method of subscription has been made as
simple as possible. Blank forms may be
obtained at every money order postofiice,
and at most OF the banks and express
offices, and on these forms is clearly indi-
Gated all that il Is necessary for the sub
scrlber to fill out. The subscriber may
himself mail to the Treasury Department
at Washington the blank form filled out,
together with his remittance covering the
par value of the amount OF bonds for
which he wishes to subscribe That re-
mittance may be in whatever form besr
suits the subscribers conyenience-in cur
rency, bank draft, check, postofiice money
order, or express money order. The day
the currency is received, or the day the
proceeds are received from the checks,
drafts or money orders, the subscription
win be entered and will immediately be-
gin drawing interest. When the bonds
are delivered, check viii accompany
each delivery covering the interest at 3
per cent from the day the subscription is
entered to the LIST of August, the date of
the bonds, and from which date the bonds
will carry their own interest. Following
is part of the circular issued by Secre-
tary Gage explaining the bond issue:
The Secretary Of the Treasury invites sub
scrlptons from the people of the United
States for 100000, 600 Of the bonds Of the
per cent. loan authorized by the act Of
Congress approved June l3, 1898 Sub
scriptions r.4a i've received at par for a
peri)d of thirty -four days. the subscription
being open fron ,'lis date to 3 O'Clock p. IN.
on the l4th day Of July, 1898 The bonds
VIII be Issued In both coupon and registered
form, the coupon bonds In denominations Of
SO, 500, $500 and 5 900, and the registered
bonds In denominations of $50, 500, $500,
$1,000, 5000 and Slo00Q. They will be
dated Aug. !, 1898, and by their terms viii
be redeefnable In coin at the pleasure Of the
United States after ten years from the date
Of their Issue, and due and payable Aug l..
1918.
The bonds will bear interest at the rate OF
8 per cent. per annun, payable quarterly,
the interest on the coupon bonds Will Oe paid
by means OF coupons, to be attached from
the bonds as the interest becomes due, and
the interest on the registered bonds will be
paid by checks drawn to the order Of the
payeeS and mailed to their addresses
The law authorizing this issue Of bonds
provides that In allotting said bonds the
several subscriptions of individuals shall
be first accepted, and the subscriptions for
the lowest amounts shall be first allotted.
In accordance with that provision aHot-
ments to all individual subscribers viii be
| made before any bonds will be allotted 10
other than individuals. All individual. sub
scriptions for $500 or less will be allotted I'm
full as they are received, and such subscrip-
| ttons must be paid In full at the time tie
subscription Is made. IL the total sum sub
scrdbed for In amounts of $500 or less should
exceed $200,000,000 the allotments will be
made according 10 the priority Of the re-
ceipt of the subscriptions.
AlotInents on subscriptions for over $500
will not be made until after the subscrip-
tlon closes, July IA, and will then be made
inyersely according to the size of the sub
scriptton, the smallest subscription being
first allotted, then the next in size next
and so on, preference being given TO indl-
vidual subscriptions. Persons subscribing
| for more than $500 must send In cash or
| certified checks to the amount of per cent.
| or the sum subscribed for Zach deposit TO
| constitute partial payment, and 10 be for
| feited to the United States in the event of
| failure on the subscribers part to make
| full payment for his subscription, according
| to the terms Of the circular. Allotments TO
| subscribers for more than $500 viii Ire made
as soon as possible after the subscription
| Closes
In order to ayoi1 a too rapid absorption
of funds into the treasury, with O possible
consequent eN effect on industry and com
merce, any subscriber for more than $500
will be permitted to take his allotment of
| bonds In installnents Of 20 per cent, taking
the first installment within ten days after
| the notice of the allotment, and the balance
| at four equal Intervals of forty days each
| in four installments each of 20 per cent ot
| the bonds allotted. Delivery of bonds viii
| be made In installments as payment for them
| is received, and payment must in all cases
| be made in full as the bends are taken. Tie
per cent. deposit via apply on the final
| installment.
For the mutual convenience of the sub
scribers and the department a blank form of
| letter to accompany remittances has henn
prepared and Ii may be obtained at the offices
of national and State banks generally Mt the
several subtreasurles of the United States.
at any money order postofice and at any
express office.
The bonds will be dated Aug /. 1898, and
they will be delivered to subscribers free Of
expense for transportation as soon after that
date as possible. The bonds will be accom-
panied by check for the amount OF inter
est due the subscriber from the date of his
payment to Aug. /, 1898.
All remittances and other communicat tions
relative to this loan should be addressed TO
the Secretary of the Treasury, division of
loans and currency, Waahingt gton ID G.