Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-03-15

dressed to the Secretary OF the Trea-
sury; accompanied with the Treas
urers receipt representing the bonds
tosether with a resolution OF the Board
OF directors of the bank authorizing
the treasurer to assign the bonds.
ANY registered bonds forwarded
should be assigned to the Secretary of
the treasury for exchange into 3 per
cent. bonds. The assignment should
ne dated and witnessed by one of the
officers named in the note which is
printed on the back OF each bond.
Registered bonds inscribed in the
name of an institution. forwarded for
exchange, must be accompanied by n
resolution of the Board of Directors Of
the institution. authorizing their as
signment to the Secretary OF the Treas
ury for such exchange. The present
worth Of the surrendered bonds to yield
an income of 2A per cent. per annum
VIII be calculated as 10 the date OF their
acceptance, except as provided in the
next paragraph, and the difference be-
tween present worth of said bonds and
their par value will be paid to the
owner by a check. All outstanding
bonds surrendered and accepted for cx-
change prior TO April / Viii bear inter-
est TO that date when interest on the
new bonds will begin: and the presN t
worth OF such surrendered bonds will
be calculated ats of the said April 1.
The new bonds will be issued in dcnom-
nations as follows: Coupon $50. $780,
$780, $1,000. Registered $50, 500, $500.
$1,000, $780, $4,000. $4,000.
"In exercise of the discretion given
to the Secretary OF the Treasury under
Section IL of the Act. he reserves the
right to suspend the exchange of bonds
above contemplated. whenever In his
opinion the interests OF the Government
may be best served thereby. The Sec
@t,4 rn,.op ,,yx-
the right to change the terms of eN-
change above set forth, either by re-
quiring n bonus or premium upon the
per cent. bonds by requiring the hold
ers of bonds outstanding TO surrender
the same in exchange for the new
bonds at a rate to yield income of more
than 2H per cont. per annum."
PHILIPPINE COMMISSION.
Judge Taft, president of the new
Philippine Commission, has notified his
fellow commissioners that the commits
sion will convene in this city March
81. Meanwhile the old commission Is
winding UP its affairs.
TIE WIDOWS OF HEROES.
The House Committee on Pensions
to day ordered bills reported granting
pensions TO the widow of Colonel Stot-
senberg, of the First Nebraska Regi-
ment. killed in the Philippines. at $40
Allan Capron, Jr., killed. in Cuba, at
$50 per month, and to the widow of
Captain Allan Capron, ST.. at s25 per
month. The distinction in rate in the
Capron cases is due to the property
owned by Mrs. Capron, Jr.
The bill pensionlng the mother of
Lieutenant Brumby, flag lieutenant Of
Admiral Dewey, went over pending the
decision of the Pension Bureau in this
case.
SEED ALLOWANCE.
Representative Latlmer of South
Carolina had a hearing to-day before
the House Committee on Agriculture
in advocacy Of increasing the supply
of seeds and farmers bulletins A sub
committee has already agreed to an in
crease in the seed allowance.
NATIONAL MILITARY PARK.
The House Committee on Military
Affairs to-day ordered q favorable re-
port on the bill OF Representative Liy-
ington. of Georgia, for O. national mill
tary park near Atlanta, Ga, on the
site of the battle OF Peach Tree Creek
and other famous engagements con-
nected with the siege of Atlanta. Rep
resentative Slayden, OF Texas, will
make the report.