St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1907-11-23

the first allotment. If two or more
bidders cffer the same price, those ask
ing for the smaller amounts of bonds
will receive priority in allotment. The
department reserves the right to per-
NIT biders Offering the highest prices
to increase the amount of their pur-
chase.
For the sake of uniformity. the bonds
will be dated Aug. /, 1906, which is the
date Of the outstanding Panama Canal
bonds, but interest on the bonds of this
issue will begin Nov. l, 1907, and bid
ders will be required TO pay accrued
interest on their bonds from that date
to the date Of payment,
The department also reserves the
right to reject any or all bids, If deemed
to be to the interest of the United
States SO to do.
The bonds will be ready for delivery
upon receipt of the payment therefor
Prospective bidders desiring informa-
tion not contained in this circular may
address the Secretary Of the Treasury.
Divisions Of Loans and Currency,
Washington, d. c., the assistant Treas
urers at Chicago, St. Louis, New Or
leans or San Francisco.
GEORGE 3. CORTELYOU,
Secretary.
The Treasury circular asking for
subscriptions to the s1O0,000,O,0 three
per cent certificates of indebtedness
reads as follows:
Treasury Department,
''Office Of the Secretary,
washington, Nov. IS, 1907.
"1he Secretary of the Treasury Of
fers to the public at par, and accrued
interest from Nov. 20, 1907. 800, ,0OO,-
900 of the certificates Of Indebtedness
authorized by section SO of the act of
June Is, 1898. The certificates will be
issued in denominations of $50. They
will be payable to bearer; will be dated
Nov, 20, 1907, and will bear interest at
the rate Of three per cent per annum,
payable with the principal sum on and
after Nov. 30, 1908, on presentation of
the certificates for redemption at the
Office cf the Secretary of Treasury,
Division of Loans and Currency
Subscriptions will be received by
the Secretary Of the Treasury direct or
through the Treasurer of the United
States and the assistant Treasurers To-
Gated at New York, Baltimore, Phila-
delphia, Boston, Chicago, st. Louis,
Cincinnati, New Orleans and San
Francisco. beginning Nov. Is and con-
tinuing ct the discretion of che Secre
tary Of the Treasury. In order that
the certificates may be properly dis
tributed throughout the country, $50
0OO, 900 will be allotted by the Secretary,
in his discretion, upon offers of SUBJ
scriptions addressed to him, and the
remaining $4,000, will be allotted
through the several Assistant Treas
urers authorized to receive subscrip-
scriptions at the following points; San
Francisco. New Orleas, st. Louis.
Chicago, Cincinnati, Boston, Baltimore,
Philadelphia and New York and
through the Treasurer of the United
States at Washington.
Each subscriber to whom certificates
have been allotted should pay in at the
Subtreasury nearest the point of SUBJ
scription, on or before Dec. l, 1907, the
face value of the amount of certificates
named in the allotment, together with
accrued interest at the rate of 8 per
cent per annum from Nov. 2O, 1907, to
the date of payment.
"Allotments will be made as rapidly
as possible, and for such subscriptions
rs are made Immediately the Secretary
Of the Treasury is prepared to deliver
temporary receipts. bearing interest
from Nov. 20, 1907, pending the de-
livery of the $50 engraved certificates.
GEORGE B. CORTELYOU,
Secretary.