The evening times., 1900-03-14
CURRENCY BILL Signed
The President AiIixes His Sign .ture
TO the Measure.
Last Formal Act in Making the New
Financial Law Quietly Performed
mt the White House shortly before
1 misunderstanding Gage Issues
n Statement to the BOndhOIder-.

yesterday, was taken to the White House
today by RepreseBtative Overstreet of
Indiana and was signed by the President
at .46 o'clock
AS the President attached his signature
to the bill he smilingly called attention
to the fact that most OF the important f.
nancial bills had been signed on the l4th
day OF the month. Among these we're the
Resumption act and the Sherman act.
And on this occasion the coincidence Vas
heightened by the facf Of the hour being
IA minutes before !.
The bill was printed on parchment and
had been signed by the President Of the
Senate and the Speaker OF the House both
signatures being certified 10 and the bill
attested as a correct copy OF the act as
passed.
The only persons present besides the
President. when the bill vas signed we're
Representative O. srstreet and Secretary
CortelyOu. and the representatives OF the
press.
Representative overstreet assured the
President that The bill had been most
carefully gone over al The last moment be
fore being brought for his signature. and
that there were no errors in typography
or Of any ether sort
The President used a gold pen for the
last important act required TO make the
bill a law.
Immediately after the measure became
a law the following circular was issued
from The Treasury Department
To holders OF Uotted States per cent
bonds Of the act OF January "A. 1875. 4 per
cent consols OF 1907. acts OF July Il, 1870.
and January 20. ls7t and PEI cent bonds
Of 1908. act OF TIHe l3, 1898:
The attention Of the owners OF the
United States registered and coupon bonds
OF the per cen, loan Of 1904. act OF
January IA. IS5J and the per cent
consuls Of 1907, acts Of July "A. 1870, and
January, 1871 auC he 3 per cent loan Of
1908. act of June l3. 1898. Is invited TO the
provisions Of section IL OF an act entitled
An act to define and TX the standard OF
value. 10 maintain he parity Of all forms
Of money issued or oCined by the United
States, TO refund the public debt, and for
other purposes. approved March IA, 1900.
Under the provisions OF this law the
Department vii be prepared to receive On
and after this date. until further notice
any OF the bonds issued under the acts
above mentioned. and as early as practics-
/ bic thereafter VIII issue In exchange there
Ct a like amount Of United State. register
Ell or coupon bonds bearing interest a.
the rate Of 2 per cent per anum. as pro-
yided by the act approved March H. 1900
/ To effect the exchange the outstanding
| bonds should be su rendered 20 the Sec
retary- OF the Treasury in accordance with
the terms OF the circular. They viii be
I accepted for that purpose In the order o.
| the surrender Of them TO him and new
| bonds bearing iuteTs- III The rate Of per
I cent per sruum ~.tI Re- issued iu the same
order IN lieu thereof
"A letter Of tran initial should accom-
| pauy each package 90 bonds FOR exchange.
setting forth the purpose for which they
I are Forwarded su' giving the address TO
which the new bonds and checks lOr the
| interest thereon ska. be sent.
"Bolds held ~ he Treasurer Of the
/ United States ir trust for a national hank
{ may De surrerderrl by letter addressed
I To the Secretary OF the Treasury. accom-
panied with the Trsbsurer's receipt repre-
seur.rg the bonds. together with a resO-
lutiol Of the b0arI of directors 0f The
/ bank authoriz ths Treasurer 10 assign
/ the bonds.
The priority OF .ssue Of the new bonds
! will be determined }v the date Of the re-
/ ceipt by the SeCre airy OF the Treasury Of
/ the outsraudin, bonds OF the papers refFe-
! sentiug the same provided that the bonus
/ or papers are iu proper condition for such
4 surrender, as set forth hereafter I'm this
/ circular II amy correction IS required the
/ priority Of D. bonds 10 be issued viii take
l date from 'he receipt and acceptance Of
| corrected bonds or papers az this ofice.
] Any registered bonds forwarded should
! De assigned % The Secretary of he Treas
| ury for eNohang, into per cent bonds.
| The assignment should tt dated and wit
messed by one of fhe officers named in the
note which is prii t'd on the back OF each
| bond. =, here 3 = w bond IS desired 40 she
| name OF anyone uui the payee OF the old
! bond the Old bond should be assigned 10
! the Secretary Of the Treasury Tor exchange
! into per cedt bonds tcr account Of -
- -. tHere unset the name OF the
person in whose favor the bond is TO be
| issuedl
Registered 7nds inscribed in the nams
! Of an institute forwarded for exchange
| must be accompanied by a resolution Of
| the board Of directors Of the Institution
| authorizing their assignment to the Sec
! retary OF the Trea sIry FOR such exchange
! The resolution must bear the seal OF th-
/ institution. or if the institution have nc
1 seal there must be furnished with the
/ resolution an affidavit setting fOr'h that
fact.
Upon the acceptance Of any bonds for
| exchange under the conditions OF this cir
| cular the present worth OF the surrendered
/ bonds TO yield an Income OF IA per cent
per annum viii be calculated as Of the date
Of their acceptance, except as provided in
the next para graph and the sum repre-
| senting the di1erens between the present
| worth Of said bords and their par value
| will be paid to tie owner thereof in due
! course By a check drawn in his favor by
the Treasurer Of -te United States. The
| settlement will include payment by the
| Department OF accrl. ed interest on the old
bonds to the date OF their acceptance for
! exchange and charge against the owner
for accrued interest On the new bonds from
the date OF their Issue to said date Of ac-
ceptance.
Bonds SURRENDERED unou which ipteres
has been prepaid Recd not be accompanied
by a deposit 10 cover such prepaid as the
department Will deduct al the time OF The
| settlement any amount which may be du'
on account OF the rastured interest which
had been prepaid. The new bonds will b,
dated April I, 1900: therefore all outstand
ing bonds surrendt rel for exchange and 5c
cepted for that Trpose prior TO that dat,
will bear interest 20 April /, wben interes
on he new bonds viii begin; and the pres
ent worth OF sUcN surrendered bonds vii
be calculated . be said April !. Tn,
new bonds viii 5e issued in denomination
as follows: CoIpon $50. $780, S5o0. 81. O00
Registered S5e 500 $500, 81 COO $1,000
S1o.cC0. $50. .0C0
An bonds forwarded for exchange vii
be registered as the property of the per
son. hrm or Institution in whose favor
the new lTnds are TO be issued. and II
each case he cheek in settlement Of he
present worth. etc. above referred viii
be drawn il such persons. firm. or institu
tion So desire hut If the agent forwarding
the bonds shall desire. and so request. th'
bonds and checks may be forwarded Il
such agents address for delivery 70 thC
owner.
Packages containing bonds for surren-
der. or papers representing boEds celd by
The Treasurer OF the United Sta:es in trust