Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-11-18


vember 20. 1907. and will bear inter.
est at the rate of 3 per cent per an,
mum, payable with the principal sur
on and after November 20. 1908. OF
presentation Of the certificates for re-
demption at the office OF the secre.
tary Of the treasury. division Of loans
and currency.
subscriptions win be received b.
the secretary Of the treasury direct OF
Through the treasurer Of the United
States and the assistant trcasurers To-
Gated at New York. Baltimore, Phila-
delphia. Boston. Chicago. ST. Louis
Cincinnati. New Orleans and San
Francisco being issued on November
rs, and continuing at the discretion OF
the secretary Of the treasury. In or
der that the certificates may be prop
erly distributed throughout the u
try. fifty million dollars will be al
lotted by the secretary In his discre-
tion upon offers Of subscriptions nd
dressed to him and the remaining $50
900. 900 viii be allotted through the
several su-b-treasurers authorized 10
receive subscriptions at the following
points:
San Francisco. New Orleans. Chlca-
go. Cincinnati, 81. Louis. Boston. Bal
.timore, Philadelphia and New York,
and through the treasurer of the
United States at Washington.
Each subscriber to whom certif-
cates have been allotted should pay in
az the sub-treasury nearest the point
Of subscription on or before December
I 1907 the face value of the amount
OF certificates named in the allotment
together with accrued interest at the
rate Of 3 per cent per annum from
November 20, 1901 to the date Of
payment.
Allotments viii be madS as rapidly
as possible and for such subscriptions
AZ are made Immediately the secre-
tary Of the treasury is prepared 10 de-
liver temporary receipts bearing in
terest from November 20. 1907. pend
ing the delivery OF the fifty dollar en-
graved certificates.
GEORGE Il. CORTE4.YOU.
Secretary COrtelyOu finds authorize
ton for the issue Of Panama bonds in
= of the act approved June 20,
1902. and Section ] OF the act APP
proved December -. 1905. as follows:
section $ Of the act approved June
2S. 1902
That the secretary Of the treasury
is hereby authorized To borrow on the
credit Of the United States from time
to time. as proceeds may be required
to defray expenditures authorized by
act (such proceeds when received
to be used only for the purpose OF
meeting such expenditures tn sum
OF one hundred and thirty million dol
lars. or so much thereof as may be
necessary and to prepare and issue
coupons or registered bonds
Of the United States In uch form as
he may prescribe and IN denomina-
lions OF 500, or some multiple OF that
sum, redeemable in gold coin at the
pleasure of the United states after ten
years from the date from their issu-
1nce and payable thirty years from
such date, and bearing interest pay
able quarterly in gold coin at the rate
Of 2 per cent per annum. and the
bonds herein authorized shall be eN-
empt from all taxes or duties OF the
States. as well as from AKA
lion In any form by or under state.
municipal or by local authority; pro-
7ided. that said bonds may be dis
posed Of by the secretary of the treas
iry at not less than par. under such
equations as he may prescribe, Civ
ing to all citizens of the United States
equal opportunity TO subscribe
therefor, but no commissions shall be
or paid therefrom and a sum
not exceeding one-tenth of I per cent
II the amount Of the bonds herein au-
is hereby appropriated out OF
any money I'm the treasury not other
appropriated 10 pay the expenses
II issuing the same"
Section 7 Of the act approved De
~, 19O6f
THAT the . per rent bonds OF tho
United states authorized bv Section
Of the act entitled IAN act to pro-
'ide for construction of "a canal con-
iecting the waters of the Atlantic and
oceans approved June 2S, ,
500, shall have all the rights and
privileges accorded BY law to other
per cent bonds Of the United States
nd every national banking associa-
having on deposit as provided by
such bonds issued under the pro-
'isions of said section 5 of said act.
approved June rs. 1909. To secure its
circulating notes, shall pay to the
reasury of the United States In the
of January and July a tax Of
'nc-fourth OF ! per cent on the bonds
and such taxes shall be la lieu of eN-
sting taxes on it, notes In circulation I
imposed boy section SPA of the revised
itHi lies I