The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1904-03-15
FINANCIAL.
100000
TEMPORARY
CERTIFICATES OF INDEBTEDNESS
OF THE GOVERNMENT OF THE
PHILIPPINE ISLANDS.

February 20. 1904
b. direction Of the Secretary Of War, and on
behalf Of the government Of the Philippine
Islands, the Bureau Of Insular Affairs Of the
War Department invites bids for 100000 Of
the temporary certificates OF indebtedness OF
the government Of the Philippine Islands
These certificates are issued under authority
conferred by section Of the act II Congress
entitled IAN act TO establish a standard Of
value and % provide for a coinage system in
the Philippine Islands. and under the prJyisO
thereof authorizing The sale 81 temporary Ger
Iihcates Of indebtedness 10 the extent - a suns
ROT exceeding s3,OO0,OoO AT any one time, 70
Pee used as a continuing credit for the purchase
OF silver bullion for Philippine coinage
Tie first S3.CO1.OOO issue Of Philippine tenn
porary certificates u Indebtedness 20 prOvidc
funds for the purchase OF bullion natures May
l. 1898 ca which date they win be retired and
this announced issue viii continue the credit
above Authorized.
The certificates viii be issued In
cOupOa form Ia the denomination of
~ 900. They viii be dated May Z, 1908,
bearing intt rest at the rate OF 4 per
cent per annum- paya BILE quarterly and
viii be redaemable in one year after
date Of issue "a gold coin % the United
States at the office of the Guaranty
rIs- Company of New York, ia New
AOrE q 3.
3hs- Secretary of the Treasury author
iZ-s IA e statement that these certificates
Of in iebtednsss viii be at once accepted
at par b. the Treasury Departn: eIt As
security Tor dePo,i OF the public money
of the United States In nation al banks in
substitution for state. municipal or
Philippine bonds and certificates of In
debt -dnes ~ now held to secure such
deposits; and in substitution for United
states bonds. now held a. security for
deposits, on cond ton that the Govern
Hsnt bonds thus released he used as
security Tor additional circulation when
ever In the judgment of the Secret ary - I
the Treasury ia Il desirable SO slim al at o
au increase in national bank circula-
ton.
Subscriptions viii be payable upon notinca-
tion ct acceptance by this Office at the once
II the GUARANTY TRUST COMPANY OF New
ork, as dgpasitary for iusular funds in checks
or bank drafts made payable ia said CITY and
delivery 81 certificates Will be made BY said
Trust COMPANY.
The Secretary ~ War reserves the right 10
reject any o. all bids.
Zach bid must De accompanied by certified
"hecl. ut 1 per cent of the face value Of the
,grrinCatcs bid for as guarantee. such check
tO De returned after tie making Oi the award
Responsible subscribers Offering the highest
and most advIutl geuus premium VIII he those
accented up TO the amount Of $4,000, O0U AZ OF,
fcled
$50 special blanks are required on which Ia
submit bids, bat the envelopes containing them
should be Clr9rly marked bids FOR II ~
eCRIPTlONS FOR PHILIPPINE TEMPORARY
tEKTiFIC ATES OF INDEBTEDNES S" and adj.
dressed o. '.THE 81 REAt or INSJLAR AF-
FAIRS. WAR DEP -RTaENT. WASHINGTON
j. CO.
Tie opening Of thc bids win begin al a.8o
T.. NJ. on APRIL ~. 1904, and none viii be ac-
cepted after that time.
CLARENCE r. EDWARDS
Colonel. l. s. army. Chief VI Bureau