The Bon Homme County independent. [volume] (Tabor, S.D.) 1904-1913, 1907-11-21

80 80 ~ AAATAA 41lAAN Va - -
normal fashion and the whole difficulty
disappears; and this end will be achieved
iIr each man VIII act as he normally does
tryS business fully W...rant his now act
Theodore Roosevelt.
Hon George b. Cortelyou, Secretary OF
the Treasury.
Treasury Statement.
Upon receipt OF President Roosevelt's
letter OF approval today the following
statement was issued by the secretary OF
the treasury: ~
The available cash balance of the treas
ury, amounting. to $40, 156 ,431. SO. is, with
the exception of a SINAI working balance,
now on deposit IN all banks in every state
and territory In the union, thus placing II
where II can serve the needs of the peo-
pie as far as possible under existing law.
The secretary OF the treasury, with the
approval or the president. has announced
an issue Of Panama bonds to the extent
OF SO;OOO.OO0; He has also, with the ap-
prevail of the president, awaited himself
of certain provisions OF the law applying
TO the transaction or the treasury in times
OF emergency. These provisions are con-
tanned in section % of the act of June IL,
1888, authorizing the ISSUANCE of interest
bearing certificates of indebtedness TO run
Tor one year. Certificates bearing 3 per
cent. interest VIII be issued to. the extent.
II necessary, of 500, 5000
The Panama bonds will serve as a meas
ure OF most substantial relief, for among
other things the law expressly provides
that they may be Issued as a basis for ad-
ditional national bank circulation.
The proceeds OF the sale of certificates
provided for under the above section can
be deposited almost simultaneously with
their purchase pom approved securities.
They can be made directly available at
points where the need is most urgent, and
especially for the movement of the crops,
which If properly accelerated will give the
greatest relief and result in the most inn
mediate financial returns.
The acceptance of subscriptions by the
secretary OF the treasury will be made
with special reference to such use. Both
the bonds and certificates are attractive
as absolutely safe Investments.
things. enable the secretary of the treas
ury to meet public expenditures without
Withdrawing for that purpose any appre-
ciable amount Of the public moneys now
the country.
Canal Bond Proposals.
The treasury circular inviting pro-
posals for Panama n bonds reads as
follows:
Treasury Department, Office of the Sec
rotary, Washington, D.. G., Nov. Is, 1907
The secretary OF the treasury offers to the
public So, 000, 600 of the bonds OF the Pan
anna canal loan authorized by section 8 OF
the act approved June IS, 1902 and supple
mented by section I of the act OF Deem
Der p, 1905. Both acts are quoted below.
The bonds will bear interest at the rate OF
= per cent. per annum, will be dated Au-
gust l, 1906. and the interest will be paid
quarterly or the first lays of November,
February, May and August. They will be
issued in denomination Of $50, 500 and
81, COO OF coupe bonds, and of 500, 800,
81, 900 and So, 1000 of registered bonds. They
will be redeemable in United States gold
coin at the pleasure of the United States
after ten years from the date of their
from such date. They will be exempt
from all taxes or duties of the United
States, as well as from taxation in any
form by or under state, municipal or local
authority. They will be available to ma
tional banks as security for circulating
notes upon the same terms as the 2 per
cent. consols OF 1890, to-wit: The semi-an-
nual tax upon circulating notes based up
on the said bonds as security will be one
fourth OF l per centum They will be re-
ceivable, like all other United States
bonds, as security for public deposits in
national banks. The law forbids their
sale at less than par and provides that
all citizens of the United States shall have
equal opportunity to subscribe therefor.
Bids invited.
In pursuance of the above announce
| ment the secretary invites bids for the
bonds heretofore described. Each bid
should state the amount of bonds desired
by the subscriber, whether coupon or reg
istered, the price he Is willing to pay and
the place where he desires to make such
payment, whether at the treasury of the
United States or at the office of some Of
the assistant treaSureTS al New YORK, BAL
tlmore, Philadelphia, Boston, Chicago, st.
Louis, Cincinnati, New Orleans or San
Francisco. All BIDS should be addressed
to the secretary of the treasury, division
inclosing the bids marked plainly Bids
for Panama bonds" Upon receipt and
cl classification of the bids hereby invited
the successful bidders win be advised Of
be instructed as to the date upon which
payment is desired to be made at the
treasury or subtreasury OF the United
States.
In considering bids the bidders Offering
the highest prices will receive the first
allotment. or two or more bidders offer
ing the same price, those asking for the
smaller amounts of bonds will receive pri-
ority in allotment. The department re-
serves the right to permit bidders Offer
ing the highest prices to increase the
amount Of their purchases.
For the sake of uniformity the bonds
will be dated August /, 1906, which Is the
date Of the outstanding Panama canal
bonds, but interest on the bonds OF this
issue will begin November /, 1907, and
bidders 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, II deemed to be to the interest Of
the United States 80 to do. The bonds
will be ready for delivery upon receipt
of payment thereof.
Prospective bidders desiring information
not contained in this circular may address
the secretary Of the treasury, division OF
loans and currency, Washington, d. c.,
the assistant treasurers at Chicago. st.
Louis, New Orleans and San Francisco.
George Il. Cortelyou, Secretary.
For 500, 900 900 Certificates.
The treasury circular asking for sub
scriptions to the 800, 900, coo 3 per cent GER
tihcates Of Indebtedness reads as follows:
Treasury Department, Office of the Sec
rotary, Washington, D.. c., Nov. is, 1907
The secretary OF the treasury offers TO
the public at par and accrued interest
from November 30, 1907, 500, 900, 900 of the
certificates of indebtedness authorized by
section go of the act OF June Il, 1895.
The certificates will be issued in de-
nomina tons of $50. They will be payable
to bearer, will be dated November 30, 1890,
and will bear interest at the rate OF 3
per cent. per annum, payable with the
principal sum on and after November 20,
1908, on presentation of the certificates
for redemption at the office OF the sec
rotary of the treasury, division of loans
and currency.
subscriptions will be received by the sec
rotary OF the treasury direct or through
the treasurer OF the United States or the
assistant treasurers located at New York,
Baltimore. Philadelphia, Boston, Chicago,
st. Louis, Cincinnati. New Orleans and
San Francisco. beginning on November Is
and continuing at the discretion OF the