The Portland daily press., 1898-06-14
Treasury Department,
Office of the Secretary,

Inc Secretary OF the treasury invites
| subscriptions from the people Of the
| Of three per can't loan authorized by the
act of Congress approved June ID, 1898.
| Subscriptions win be received at par for
a period of thirty-two days, the subscrip-
| ton being open from this date to three
| O'Clock p. m. on the 14th day of July,
| 1898. The bonds will be issued in both
coupon and registered form. the coupon
| bonds in denominations OF 800, 500, $500
and 81 600 and the registered bonds In
| denominations of $40, 500, $500, 81 ZOO,
| Sc, 600 and $4,000
They will be dated August /, 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
payable August /, 1913
The bonds will bear interest at the rate
of 8 per cent per annum, payable quarter
Iy; the interest on the coupon bonds will
be paid by means of coupons, to be
detached 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 of
the lowest amounts shall be first allotted.
In accordance with that provision al1ot-
ments to all individuals subscribers will
be made before any bonds will be allotted
to other than individuals.
All individual subscriptions for $500 or
less win be allotted in full as they are re-
celyed and such subscriptions must be
paid in full at the time the subscription
is made. 1t the total sum subscribed for
in amounts of $500 or less should exceed
s2o0, 900 the allotments will be made
according to the priority for the receipt of
the subscriptions. Allotments on sub.
until after the subscription closes, and
will then be made inversely according 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 two per cent of the sum
subscribed for, such deposit to consti tute
a partial payment, and to be forfeited to
the United States in the event of failure
ON the Subscribers part to make full pay
ment for his subscription according to the
terms OF the circular.
Allotnents to subscribers for more than
$500 will be made as soon as possible after
the subscription closes.
In order to avoid GOO rapid absorption
of funds into the treasury, with a possible
consequent evil effect on industry and
commerce any subscriber for more than
| $500 will be permitted to take his allot-
ment OF bonds in instruments 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 of the bonds allotted. De-
livery Of bonds will be made in INSTALL
ments as payment for them are received
and payment must in all cases be made
in full as the bonds are taken. The two
per cent deposit will apply on tine final
installment. Any subscriber may pay for
the whole amount allotted him within ten
days from the date of the notice of his
allotment.
Interest will be adjusted from the time
of the actual payment, whether paid in
one sum or in installments, as permitted.
Separate subscriptions from one in
dividual, although made from time to
time will be aggregated and considered
as one subscription.
The Secretary of the Treasury will re-
ceiye in payment for the bonds post Office
money orders, payable at Washington, D.
c., and checks bank drafts and express
money orders collectable in the cities of
New York, Boston, Philadelphia, Balti-
more, Washington, Cincinnati, Chicago,
st. Louis, New Orleans and San Fran
CISCO.
All money orders and bank drafts must
be drawn in favor of the treasurer of the
United States. The money orders and
| bank checks so received will be forwarded
for collection by the department, and as
soon as returns are obtained the SUBJ
scribers will be credited with the amount
Of his subscription as of the date Of the
collection. The Secretary will also receive
| in payment for the bonds certificates of
deposit issued by the assistant treasurers
of the United States in the above named
cities. These certificates of deposit may
bs obtained from any assistant treasurer
in exchange for gold coin. gold certif-
Gates, standard silver dollars, silver GER
tifcates, United States notes, treasury
notes of 1890 and national bank notes;
and the subscriber will be credited with
the amount Of his subscription as Of the
date of the certificate of deposit. The
Secretary will also receive currency sent
by registered mail or by express direct to
the treasury department.. For the mutual
convenience of the subscribers and the de-
partment blank form of letter to accom-
pany remittances has been prepared and
it may be obtained at the offices Of
national and state banks generally, at
tho several sub-treasuries of the United
States, at any money order post office, at
any express office.