Page images
PDF
EPUB

ever, of not less than one and one-half millions of dollars in each month, all of the silver bullion now in the Treasury pur-chased in accordance with the provisions of the act approved July 14, 1890, entitled "An Act Directing the Purchase of Silver Bullion and the Issue of Treasury Notes Thereon, and for Other Purposes," and said dollars, when so coined, shall be used and applied in the manner and for the purposes named in said act.

MIXED FLOUR.

By "mixed flour" is meant the food product made from wheat, blended with any other grain or material. Persons engaged in making, packing or repacking mixed flour shall pay a special tax at the rate of $12 per annum, and the licenses granted are to be posted in accordance with the provisions of Sections 3,242 and 3,239 of the Revised Statutes, the fines and penalties to be the same as imposed in those sections. They are required to mark each package as mixed flour, and it is to be put up only in original packages. In addition to the annual license, a tax of four cents per barrel is levied upon all mixed flour manufactured, sold or removed for sale. The same rate proportionally is levied on half-barrels and smaller packages. These provisions take effect sixty days from the passage of the law.

TEA.

There shall be levied, collected and paid upon tea when imported from foreign countries a duty of 10 cents per pound.

LENDING MONEY TO UNCLE SAM.

It is intended that the common people shall have a chance to lend money to Uncle Sam to help carry on the war. Therefore, some of the new bonds will be of very low denominations; and those who subscribe for small amounts will be served first.

There will be two styles of bonds, coupon and registered. Of the former kind the denominations will be $20, $100, $500 and $1,000. Of the latter kind will be bonds of

these same denominations and also for $5,000 and $10,000. They will all be dated August 1, 1898, and draw interest from that date, payable quarterly. They are offered at their par value.

Investors are invited to send in subscriptions to the Secretary of the Treasury, Division of Loan. Washington, D. C. Those who ask for $500 or less will be served immediately; those who want over $500 must wait until after July 14, 1898. At present only $200,000,000 (half of the total issue) are offered for sale.

To make any subscription binding, 2 per cent of the amount must be paid in advance; and the full face value must be paid before the bonds will be delivered. It is recommended that those who want large amounts take their bonds in instalments of only 20 per cent at a time, and not all at once. Suitable blanks for making applications are to be provided through National banks and sub-treasuries.

In payment for bonds the Government will accept postal money orders, made payable in Washington, or express company orders payable in New-York, Boston, Philadelphia, Baltimore, Washington, Cincinnati, Chicago. St. Louis, New-Orleans or San Francisco. But all orders or drafts must be made payable to the Treasurer of the United States.

CABINET CHANGES.

James A. Gary, of Maryland, having resigned the office of Postmaster-General, he was succeeded on April 21 by Charles Emory Smith, of Philadelphia.

John Sherman, of Ohio, resigned the post of Secretary of State on April 25. he was succeeded by William R. Day, from the same State, who, up to that time, had been Assistant Secretary of State under the new Administration. Professor John B. Moore, of Columbia University, NewYork City, was thereupon appointed Assistant Secretary of State.

Theodore Roosevelt, of New-York, resigned the office of Assistant Secretary of the Navy on May 7, and was succeeded by Charles H. Allen, formerly Congressman from the Lowell District of Massachusetts.

[blocks in formation]
[blocks in formation]
[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]
[blocks in formation]
« PreviousContinue »