The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-11-14
Mr.. Carlisle Wants to Borrow
Fifty Millions More.
ON BONDS AT FIVE PER CENT.
The Banks Will Draw Gold From the
Treasury and Then Lend Ii.
Hsvemeyer Law Failing 20 Produce
Revenue sufieient to PAY Govern
msnt Expenses, Money IL to BE Bor-
rowed.

wAsHrssTos CrTT. Nov 13--secretary
Carlisle late this afternoon issued his call
for bids for $50. 000, 900 OF per cent. ten
year bonds. interest 10 be paid in com,
which is interpreted to mean gold. The
only material changes made in the present
call from that issued January IA last are
the omission of the upset or minimum
price which would be accepted. and the
notice that proposals for the present issue
must be sealed. II is confidently expected
AT the treasury department that an amount
viii be received considerably in excess of
that received on February G. This expec-
tafion Is based on the fact that there are
exceptionally large amounts OF money
now lying idle and seeking investment in
the money centers of the country. and upon
the further fact that the January issue is
now quoted at xlls50, or about 2 per
cent. above the price which would yield
B per cent From the last issue there
WAS realized $5s GO 9i7.63, and of this
amount So, $50, ,264 "A was in gold, $5,si0-
42o in gold certificates and 1888. 80 in other
money. which the sub-treasuries were
compelled TO take in making change.
While these amounts were actually paid
into the treasury IN gold or its equivalent.
very considerable amount of gold was
Withdrawn from the sub-tressuries for the
express purpose Of using il again in pay
ing for bonds. The exact amount thus
Withdrawn cannot be ascertained, but the
best knowledge obtainablc is that il ap-
proximates SIS, ,0o0. .oul With view to
more exact estimate OF the amounts
which may be Withdrawn between now
and the settlement OF all accounts under
the call. the sub-treasuries will from this
time keep record OF all deposits of legal
tenders made in exchange for gold and
the names of the firms or persons making
them. Following is the secretary's circu-
lar calling for bids:
''By virtue of the authority contained in
sn act of congress. entitled AN act to pro-
vide for the resumption Of specie pay
ments, approved January A, 1ss5, the
secretary OF the treasury hereby gives
public notice that sealed proposals will be
received at the treasury department. Office
of the secretary. until II O'Clock noon on
the oath day of November, 1894. for United
States 5 per cent. bonds, in either regis
tered or common form. dated February
1894. redeemable in coin at the pleasure of
the government after ten years from the
date of their issue, and bearing interest.
payable quarterly in coin, at the rate of 5
per cent per annum. Bidders whose pro-
posais are accepted viii be required
TO pay 20 per cent. in gold coin or
gold certificates upon the amounts of
their bids. as soon as they receive
notice Of the acceptance OF such bids,
and To pay in like coin or certificates an
additional 20 per cent. at the expiration of
each ten days thereafter, until the whole
j. paid; but they may NJ their option, pay
the entire amount of their bids when noti-
fed OF acceptance, or at any time when an
installment is payable. The first payment,
however, of not less than 20 per cent.
must be paid when the bidder receives
notice of the acceptance OF his proposal.
The denominations OF the bonds will be
$50 and upward, and bidders will, in their
proposals, state the denominations de-
sired whether registered or coupon, the
price which the bidder proposes to pay,
the place where it Is desired the bonds
shall be delivered, and the Office,
whether that of the treasurer of the
United States or an assistant treas
urer. where il will be most con-
venient for the bidder to deposit the
amounts Of his payments. The bonds will
be dated February /. 1894. in order 10 make
the proposed issue uniform as to date with
the existing bonds, but interest thereon
will begin November L. 1894 and bidders
will be required to pay accrued interest at
the rate of 8 per cent on the face value of
their bonds from November TO the dates
OF nayment. The total issue of bonds. in
pursuance of tie notice vii. be ct tn ex-
oeesi the sum OF $50 Ooo.0o0 The secretary
of the treasury hereby expressly reserves
the right 10 reject any or all bids. All
proposals should be addressed TO the secre-
larry OF the trcasary, Washington City. ID.
e.. aud should be distinctly marked
Proposals for the purchase of 5 per cent.
bonds.
.,Biank forms for proposals may be had
upon application To the secretary of the
treasury j. q. CARLISLE
ssSecretarw Of the Treasury