Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-11-18
PANAMA BONDS.
Continued from Page One.)

posals for Panama canal bonds reads
as follows:
Treasury Department. office of the
Secretary. Washington, W. C.. Nov.
is. 1907.
THE secretary of the treasury Of
ferS to the public $4,000, 900 of the
bonds Of the Panama Canal loan au-
thoriZed by Section s of the act ap-
proved June Is. 1902 and supplemented
by Section 1 of the act of Dec. 81.
1905. Both acts are quoted below:
The bonds will bear interest at the
rate of two per cent. per annum: will
be dated Aug. /. 1906. and the interest
will be paid quarterly on the first
days of November February. May and
August. They will be issued i'm de-
nominations of $40, 500 and 5000 of
coupon bonds. and "f $40. 800. $1,000
and $4,000 of registered bonds. They
will be dedcemable in United States
gold coin at the pleasure of the United
States after 10 years from the date of
their issue and will be payable so
years from such date. They will be eX-
empt from all taxes or duties OF the
United States as well as from taxation
in any form by or under state. mu-
ricipal or local authority. They will
be available to national banks as Sc
curity for circulating notes upon the
same terms as the tw" per cent. con-
soils Of 1890. to wit: The semi annual
tax upon circulation notes based upon
the said bonds as security will be
ono fourth of one per cent. They will
be receivable, like all other United
States bonds, as security for public
deposits in national banks.
The law forbds their sale at less
than par and provides that all citizens
of the United States shall have equal
opportunity to subscribe therefor.
In pursuance of the above announce
inert. the secretary invites bids for the
bonds; heretofore described. which must
h" submitted to this department on or
before the Goth of November. 1901 Each
bid should state the amount of bonds
desired by the subscriber whether
coupon or registered, the price he is
willing to pay and the place where he
desires to make Observation-Disclosures at
HE treasury Of tho United States or
at the Office of some one of the assis-
tant treaSurerS at New York. BaIti-
moro, Philadelphia Boston. Chicago.
st. Louis. cincinnati. New Orleans or
>an Francisco All bids should be adj
dressed 10 the secretary of the treas
Ilry. division of loans and currency,
aud the envelopes enclosing them
should he plainly marked "Bids for
Panama canal bonds" Upon receipt |
md classification of the bids hereby in |
rite'l. the sue, cssfuI bidders will be adj |
tiacd "f the acceptance of their bids |
md they will be instructed as to the
late upon which payment is desired to |
,e made at the treasury or some sub
reasury Of the United States
an considering bids the bidders Of |
cring tho highest prices will receive |
ne first allotment. OF two or more |
bidders offering the same prices. those !
loking for the smaller amounts of |
ponds will receive priority i'm allotment. |
The department reserves the right to |
permit bidders offering the highest
prIccS to increase tn" amount of their
purchases
For the sake of uniformity the
'"ndS viii be dated Aug 1. 1906. which
$ tn" date of the outstanding Panama
anal bonds, but interest on tn" bonds
# this issue VIII begin Nov !. 1907. and
':odcrS will be required T." pay accrued
interest on their bonds from that date
% the uatc of payment.
THE department reserves tn. right |
" reject any or all bids. if deemed to
}" to the interests Of the United States
elivery up"l receipt of payment
hcrefoI
retrospective bidders desiring infor-
nation net contained in this circular.
nay address the secretary Of the treas
~. division of loans and currency.
' aShington. u. C.. or the assistant
feasurers at Chicago. st. Louis New
rcanS or san Francisco.
(SiSneo)
"GEoRGE r. CORTELYo1-.
Secretary"
H. treasury circular asking for sub
'ripti"ns to the s100.0OOOO0 three per
mt. certificates of Indebtedness reads
: follows:
Treasury Department. Of6e of the
ecrntar!. Washington. D. c.. Nov. IS,
.O1
The secl etarS Of the treasury offers to
n Nov. - 1907. sl00,00o.Oc0 Of the certiff-
ites of Indebtedness authorized by Sec
on 81 of the Act Of June Is. 1898
THE certificates will be issued in de- | :
of $50 They will be PAYABLE
bearer: will be dated Nov. 20. 1907. and
i'll bear interest at the rate Of per
mt. per lnnum. pay able with the prin-
pal sum on and after Nov - 1903 on .
resentation Of the certificates for re ,