The morning call., 1894-01-18
BIDS FOR BONDS.
Secretary Carlisle Casts
the Die.
FIFTY MILLIONS WANTED.
Bidders Must Be Prepared to Pay
in Gold Coin.
QUESTIONS OF LAW AT ISSUE.
Nevertheless 1t Has Been Determined
to Go Ahead Under the Old
Authorization.
QUESTIONS OF LAW AT ISSUE.

WASHINGTON, Jan. 17-Secretary Car
Isle to-day issued the following circular
inviting proposals for per cent bonds:
by virtue Of the sutbority con tanned in
an act entitled AN act to provide for the
resumption of specie payments approved
January. 1875. the Secretary of theITreas-
ury hereby offers for public subscription
an issue of bonds of the United States to
the amount of S50.OOO.O in either reg
istered or coupon form, in denomination
ef $50 and upward, redeemable in coin at
the pleasure of the Government after ten
years from the date of issue. and bearing
interest. payable quarterly in coin, at the
rate Of per cent.
Proposals for the whole or any part OF
these bonds will be received at the Treas
uTy Department until Il o'clock, noon, of
the 1st of February. 1894. Such proposals
shall state the amount of bonds desired,
whether registered or coupon, and the pre-
MUM which the subscriber proposes to
pay.
''As soon as practicable after the 1st of
February an allotment of bonds will be
made to the highest bidders therefor. but
no proposal will be received at q lower
price than S117. 223, which is equivalent to
be- ~ - ROA C0nI uOuu AZ pdIs duQ Iue liz Nv W
reject any and all proposals is hereby ex-
pressly reserved. In case the bids entitled
to allotment exceed the bonds to be issued
they will be allotted pro rata.
Notice Of the date of the delivery of
bonds will be sent to subscribers to whom
sIlotments are made as soon as practica ble
and within ten days from the date of such
notice subscriptions must De paid in
Ctota
or such assistant treasurer of the United
States as the subscriber has designated,
and if not so paid the proposal may be re-
lected. The bonds will be dated Feb
Tuary 1, 1894. and, when payment is made
therefor as above, accrued interest on both
principal and premium from February l.
1894, to the date of payment at the rate Of
interest realized to subscriber on his in
vestment will be added.
"All proposals should be addressed to
the Secretary of the Treasury. Washing
Ton. d. c., and be distinctly marked PRO
eposals for subscriptions to per cent
bonds ]. G. CARLISLE. Secretary"
Allison. a member of the Senate Finance
Committee, said to-day that Congress
ought to have been called upon By the
Secretary of the Treasury to take up the
bond question before the tariff, as the
former was more pressing. The Secre-
tary did not come to the Senate Finance
Committee until after the House had been
buttoned up month with the tariff bill
and could take no action.
The appointment Of Dearmond OF Mis-
souri, member of the House judiciary
Com mittee makes the Democratic member
ship of that committee almost a unit
against the bond policy.
The subcommittee of the HOUSE Judi
ciary Committee, to which was referred
the resolution of RepreseD tative Bailey
stating that the Secretary of the Treasury
has no right to issue bonds to supply the
current treasury deficit, held meeting to-
day. Representative Goodnight, a mem
Der of the subcommittee, desired to con-
fer with the Secretary of the Treasury
before voting upon the resolution, and in
order to enable him 10 do so the committee
adjourned until tomorrow. This does
not, however, delay the progress of the
committee, because the full committee could
not receive its report before the regular
meeting on Friday next. There seems to
be no doubt that the subcommittee will
make favorable report on the resolution