Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1917-10-11

~ HH A.
tion on any earlier date. Applica-
tions received by any incorporated
bank or trust company on or before
October 27, 1917, must, by such bank
or trust company, be transmitted to,
or covered by its own subscription to,
the Federal Reserve bank of the dis
trict in which it is located, reaching
such Federal Reserve bank not later
than the close of business on Novem-
ber /, 1917, accompanied by payment
as aforesaid.
Allotment.
Applications for $1,000 or less
bonds from any one subscriber will
be allotted in full. All applications
for bonds in excess of 1000 will be
received subject to allotment; and
the secretary Of the. treasury reserves
the right to reject any such applica-
tions for smaller amounts and to
make reduced allotments upon or to
reject applications for larger
amounts, and to make classified al
lotments and allotments upon grad
uated scale pursuant to the act Of
congress authorizing the bonds,
should any such action be deemed by
him to be in the public interest, and
his action in these respects will be
final. In case of applications reject
ed, the accompanying payment of 2
per cent will be returned without in
terest as soon as practicable. In
case of partial allotments, the excess
of the 2 per cent payment (without
credit for INTEREST," will be applied
on the installment due November 15,
1917. The basis of allotment will be
announced and allotments will be
made on or about November 5. AL
lotment notices will be mailed short
ly thereafter.
Payments.
Payment for bonds allotted, In ad-
dition to the per cent on applica-
tion, will be required as follows: Is
per cent on November IS, 1917; 40
per cent on December Is, 1917; 40
per cent on January Is, 1918, with
accrued interest on both deferred in
stallments. Receipt Of installment
payments made to official agencies
prior to payment in full will be ac-
knowledged by the several Federal
Reserve banks. Payments must be
made when and as required under
penalty of forfeiture of any and all
installments previously paid, and OF
all right or interest in the bonds al
lotted. Except in the case of sub
scriptions for amounts not in excess
of 81 900, as hereinafter provided, nc
payments other than the per cent
required with the application will be
received until after allotment Is
made. Payment for bonds allotted In
any amount may be completed after
allotment without previous notice
but only on November Is, 1917, and
(the previous installments having
been duly paid) on December 10
1917 or January Is, 1918, with ac-
crued interest.
Payment BY United States Treasury
Certificates Of Indebtedness.
Payments can be made Oh Novem-
ber Is by United States treasury cer-
tificates of Indebtedness Of any ma
turity, and on December Is by GER
tificates maturing on that date, and
January Is, 1918, by certificates ma
turing on that date, If any such are
outstanding. These payments can be
either for the full amount Of the al
lotment, or for the first installment
or for the installment then due. Such
certificates will be received at their
face value, and the accrued interest
thereon will be remitted by check ia
the subscriber. Unmatured certifi-
Gates thus presented on November 10,
1917, in payment for bonds must not