The evening star and Newark advertiser., 1907-11-18

1908, on presentation OF the certificates 70
/ redemption at the Office of the Secretar,
Of Treasury Division Of Loans and Cur
| Subscriptions will be received by tn.
Secretary OF the Treasury direct or througl
| the Treasurer of the United States. ant
/ the Assistant Treasurers located at New
York, Baltimore, Philadelphia, Boston
| Chicago st. Louis, Cincinnati New Or
leans and San Francisco, beginning on NO
vember 1S and concluding at the discretion
of the Secretary Of the Treasury.
| In order that the certificates may bs
properly distributed throughout the coun
try 900 will be allotted by the Secre'
tary in his discretion of offers of subsorip-
tions addressed to him, and the remaining
$50 900 will be allotted through the sew
erai assistant treasurers authorized to re-
ceive subscriptions at following points
San Francisco, New Orleans, st. Louis
Philadelphia and New York, and through
the Treasurer OF the United States al
Washington.
Each. subscriber to whom certificates
treasury nearest the point of subscription
on or before December 10, 1907, the race
value OF the amount of the certificates
named in the allotment. together with ac-
crued interest at the rate of 8 per cent. pei
annum from November 20, 1907, to the date
of payment. Allotments will be made as
rapidly as possible and for such subscrip-
tions as are made Immediately the Secre-
temporary receipts bearing interest from
November 90 1907, pending the delivery OF
the $50 engraved certificates.
GEORGE B. CORTELYOU, Secretary.
The law authorizing these issues is as
follows:
That the Secretary of the Treasury IS
hereby authorized to borrow on the credit
of the United States from time to time as
the proceeds may be REQUIRED to defray
proceeds when received to be used only
tures5, tu 81 the he sum sum Of siSO.oOo'6oo or SO much
pare and issue therefor coupon or regis-
tered bonds of the United States in such
form as he may prescribe and in denomi-
nations of 800 or some multiple of that
sum. redeemable In gold coin at the pleas
iire of the United States. after ten years
from the date Of their issue. and payable
thirty years from such date ana bearing
the rate Of per cent. per annum; and
the bonds herein authorized shall be ex-
empt from all taxes or. duties Of the
any form by or under State, municipal or
local authority.
Provided, that the said bonds may be
disposed of by the Secretary OF the Treas
ury at not less than par under such regu-
lations as he may prescribe, giving to all
citizens of the. United States an. equal
opportunity to subscribe therefor, but no
commissions shall be allowed or paid
thereon, and a sum not exceeding one
tenth/ of one per cent of the amount
of the. bonds herein authorized hereby ap-
proprlated out of any money in the Treas
ury not otherwise appropriated, to pay the
expense of preparing, advertising and is
suing the same.
Section of the act approved December
81 1905.
That the 2 per cent. bonds of the
United States authorized by section OF
the act entitled IAN act to provide for the
construction of canal connecting the
waters of the Atlantic and Pacific oceans"
approved June %, 1902, shall have all the
rights and privileges accorded by law to
other 2 per cent. bonds of the United
States. AMI every national banking asso-
citation having on deposit, as provided by
law. such bonds issued under the pro-
visions, Of said section of said act ap-
proved June %. 1902, to secure its circu--
lating notes. shall pay to the Treasurer OF
the United States in the months OF Janu-
ary and July tax of one-fourth OF
per cent each half year upon the average
amount of such of its notes in circula-
tion as are based upon the deposit of said
2 per cent. bonds; and such taxes shall be
in lieu of existing taxes on its notes in
circulation imposed by section 5214 Of the
revised statutes.