The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-04
Turned Over to President Snow For
Distribution.
WILL BE TAKEN QUICKLY
/ BANKING HOUSES WILL BE THE
HEAVY BUYERS.
Lithographing Done In Salt Lake
Two Applications From New York
Conditions of the Security Stated
Subject to Redemption at Par On
January 1st, 1904.

The church bond issue of s500.G00 is
almost entirely subscribed for. accord
ing to the statement of President j. S.
Hills OF the Deseret National bank who
received the bonds from the engravers
and turned them over to President
Snow yesterday. They viii now be dis
tributed among the various subscrib-
ers as called for, Mr.. Hills having re-
ceived, to date, subscriptions amount
ing to over $15O, 900. OF this sum salt
Lake has taken $4,000. the most not
able purchase being that of the State
Bank of Utah for 100000. Other bank
ing houses viii come in for a like
amount, and now that the bonds are
actually on the market. it will be but
a short time until the issue is exhaust
ed Two applications for minor amounts
have been received from New York
people, while the largest subscription
offered by any individual is that OF
Mrs. KirkDatrick-$l0.0
The bonds were engraved by The Utah
Lithographing company, which certain
~ has made q fine showing in the work.
Nine stones were used in the inpres-
sion, with tints of green, black and
brown, the first named .redOmlnat1ng.
on a White surface. A litho OF the
temple adorns the top Of the sheet. be-
meath which is the following, descriD-
tive oe the issue and conditions:
For value received. the Church OF
Jesus Christ of Latter-day Saints. by
Lorenzo Snow, its trustee-in trust.
hereby promises to pay to the bearer
hereof. at the Deseret National bank.
Salt Lake City State of Titan. on the
first day of January. 1910. he sum Of
one thousand dollars in gold coin OF
the United States OF America. az the
present standard Of weight and fine
ness, with interest thereon at the rats
Of 6 per cent per annum in like gold
coin, on the first days of July and jan
uary in each year after the FIRST day Of
January, 1888, until said principal is
paid, upon the presentation and sur
lender Of the annexed coupons. at said
Deseret National bank. as they sever
ally become due and payable.
This is one of an issue of Eve hun
dred bonds Of one thousand dollars
each. numbered consecutively from 1
TO 500, two hundred bonds of i've hun
dred dollars each. numbered cOnSecu-
lively from l to 200, and three hun
dred and fifty bonds of one Thousand
dollars each, numbered consecutiVely
from l to $50. aggregating five hUSldr
thousand dollars, all bearing date De
cember 81, 1898. All of which said
bonds are secured by the pledge Of said
trustee-in-trust made to each of the
holders thereof, and to Lewis 5. Hills
and David Eccies, trustees. that enough
money to pay the interest," on said bones
and at least fifty thousand dollars ad-
ditional shall be set apart from the in
come of said church and deposited
with said trustees each year. after the
year 1900, TO purchase a portion OF said
bonds. or TO create a fund for the re-
demption of the principal there0f as the
said trustees, in their discretion may
deem best, provided. that il all SAID
bonds are not sold, the money so set
aside shall be proDortionate to the
amount of bonds sold.
This bond is subject TO redemption at
par, on the first day Of January. 1904.
and on any interest date thereafter. IN
such manner and upon such notice az
may be prescribed by said trustees. ana
when any bond is called bY the trus-
tees. the interest on such bond shan
thereuoon cease.
If default in the payment of interest
on any of the said bonds be made and
continue for three months after such
interest. shall have been duly de-
manded. the principal of said bond so
in default may become due and pay
able at the option of the holder thereof
after thirty days notice given to said
trustees.
This bond shall not be valid unless
duly signed by the SAID Lorenzo snow.
truStee-in-trus for the Church of
Jesus Christ of Latter-day Saints. and
authenticated by the certificate Of the
said Lewis S. Hills and David Eccles.
trustees.
In witness whereof the said Lorenzo
Snow has hereunto subscribed his
name and affixed his seal. as such
and has caused the
fac-simile of his signature to be i'm
on, t1osf
this thirty-hrst day Of December. \. D.
1898"
The border of each bond IS Of green,
with q beehive in each corner The
are at the foot. and dare from
Jan. /, 1899, to 1910, while the cover
bears the trustees certificate.
Bamberger Coal Co.. 1e1 Main.