The Washington times., 1904-03-30
FINANCIAL.
100000
TEMPORARY
CERTIFICATES OF INDEBTEDNESS
OF THE GOVERNMENT OF THE
PHILIPPINE ISLANDS.

February 20. 1904
BY direction OF the Secretary Of War, and on
behalf OF the government Of the Philippine
Islands, the Bureau of lnsular Affairs of the
War Department invites bids for 100000 Of
me temporary certlncates OF indebtedness OF
the government Of the Philippine Islands
These certificates are issued under authority
conferred by section Of the act Of Congress
entitled An act 10 establish a standard OF
value and TO provide for a coinage system in
the Philippine Islands," and under the proviso
thereof authorizing the sale Of temporary Ger
uhcatcs of Indebtedness 10 the extent Of a sum
not exceeding s., OO0 at any one time, to
be used a continuing credit for the purchase
Of silver bullion for Philippine coinage.
Tie first So 10000 issue Of Philippine TEN.
porary certificates Of Indebtedness 70 provide
funds for the purchase Of bullion natures May
]. 1904 on which date they VIII be retired, and
this announced issue viii continue the credit
above authorized
The certificates will be issued in
coupon form Ia the denomination of
LOCO. They viii he dated May 1, 1904
bearing interest at the rate OF 4 per
cent per annum, payab BILE quarterly and
date of issue I'm gold coin Of the United
States at the ONCE Of the Guaranty
russ Company of New York, in New
York City.
The Secretary of the Treasury author
lies tn e statement that these certificates
of Indebtedness will be at once accepted
at par by the Treasury Department as
security for deposits of the public money
of the United States in national banks in
substitution Tor state. municipal or
Philippine bonds and certificates of in
debtsdness now held to secure such
deposits; and in substitution for United
States bonds now held security for
deposits, on cOnd ton that the Govern
ment bonds thus released be used a 5
security for additional circulation when
ever in the Judgment of the Secretary o I
the Treasury il Is desirable TO stimulate
an increase in national bank circuIa-
tiOn.
Subscriptions Will be payable upon notihca-
ton Of acceptance by this Office at the Office
Of the GUARANTY TRUST COMPANY, Of New
York, as depOsitary for insUlar funds. in check.
or bank drafts made payable in said city, and
delivery Of certificates VIII be made by said
Trust Company
The Secretary Of War reserves the right t.
reject any all bids
Each bid must be accompanied by certified
check Of ] per cent Of the face value Of the
certificates bid for as a guarantee, such check
10 be returned after the making Of the award.
Responsible subscribers Offering the highest
and most advantageous premium viii be those
accepted up to the amount OF 5000, OOO as or
fered.
No special blanks are required on which 10
submit bids, but the envelopes containing them
should be clearly marked "RIDS FOR Sub
SCRIPTIONS FOR PHILIPPINE TEMPORARY
CERTIFICATES OF INDEBTEDNESS and adj
dressed to THE BUREAU OF INSULAR Az
FAIRS. WAR DEPARTMENT, WASHINGTON,
d. C."
The opening Of the bids VIII begin at 2.s0
r. Al. on APRIL Is 1904, and none viii be ac-
cepted after that time
CLARENCE r. EDWARDS
Colonel L. 5. Army. Chief Of Bureau.