West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1898-06-30
About Government Bonds.
Information From the Secretary or
the Treasury in Regard TO the New
Issue for War Purposes.
TREASURY DEPARTMENT, OFFrcE
OF THE SECRETARY.
Wash fnrtnn nc. lima fQoo

washington. U.C..June l8. 1898.
The Secretary of the Treasury ia.
vites subscriptions from the people OF
the United States for $500, 900, 600 of the
bonds of the 3 per cent loan authorized
by the act of Congress to provide ways
aud means to meet war expenditures.
Subscriptions will be received at par
for a period of thirty-two DAYS, the
subscription being open from this date
to o'clock y m on the 18th day of
July, 1898. The bonds will be issued
in both coupon and registered form.
the coupon bonds In denominations OF
s20, st00, $500. and 81. 600. and the reg
istered bonds in denominations OF s20
500 $500. 81 900. IS 600. and si0 600.
They will be dated August I, 1898. and.
by their terms, will be redeernable In
coin at the pleasure OF the United
States after ten years from the date of
their issue. and due aud payable An
gust 1, 1918.
The bonds will bear interest at the
rate of 3 per cent per annum, payable
quarterly; the interest on the coupon
bonds will be paid by means Of cou-
pons. 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 ad-
dresses.
The law authorizing this issue of
bonds provides that in allotting said
bonds the several subscriptions of in
dividuais shall be first accepted. and
the subscriptions of the lowest
amounts shall be first allotted. In
accordance with that provision allot-
menta 70 all individual subscribers will
be made before any bonds will be al
lotted TO other than individuals. Am
individual subscriptions for $500 or less
will be allotted in full as they are re-
ceived, and snch subscriptions must be
paid 10 full st the:tilne the subscription
is made. II the total sum snbscrit ed
for ia amounts OF $500 or less should
exceed 500, ,O0O. 900 the alIotnents will
oe made according to the priority of
the receipt Of the su descriptions.
Allot'nents on subscriptions for over
$500 will not be made until after the
su Inscription closes. July 18th. and will
then be made inverseiy according 70
the size Of the subscription. the small.
est subscription being 6rst allotted.
then the next in size. and 20 on. pref
erenee be,nE given TO individual sub
scriptions. Persons snbscribing for
more than $500 must send In cash or
certified checks 20 the amount Of Der
eest of the sum subscribed for. such
deposit 10 constitute partial payment.
and to be forfeited 70 the United States
IN tue event of fai;ure on the sooscrl-
oes's part 10 make foil payment for
his subscription. according to the terms
Of the circular. Allotments 70 sub.
scribers for more than $500 will be
made as soon as possible after the sub
scription closes
In order to avoid a too rapid absorb.
tion Of funds into the Treasury. with
possible consequent evil effect on Ia.
dustry and commerce.. any subscriber
for more than $500 viii be permitted TO
take bis allotment of bonds in instal-
ments OF 20 per cent, taking the 6rst
lnstalment within ten days after the
notice Of the allotment and the bal
aoce at four equal intervals Of forty
days each. 10 four instalmenis each Of
20 per cent Of bonds allotted Delivery
q bonds will be made 10 instalments
as payment for them IS received. and
payment must ia all cases be made IN
full as the bonds are taken. The per
cent deposit will apply 90 The 6ual in.
staiment eg subscriber may pay
tor Ehs whole amonnt allotted hun