The Olneyville tribune. (Providence, R.I.) 1893-189?, 1894-01-20
PROPOSALS FOR BONDS'
Carlisle Issues a Circular
Under the Act of 1875.
Bids to- he Received Until Feb. 4
for a $50, 600, 600 Issue or 3 Per
Cent. Gold Bonds on n 3 Per
Cent. Basis, Running Ten Years.

WASHINGTON. Jan. ls.-Secretary Car
isle has just issued the following circu-
lar:
By virtue OF authority contained in the
act entitled An act TO provide for the re-
sumption of specie payments approved
Jan, IA, 1875, the secretary of the treas
uary hereby offers for public subscription
an issue OF bonds OF the United States TO
the amount of 40, Ooo, 900, in either regis
tered or coupon form, in denominations
OF $50 and upwards, redeemable in coin
at pleasure 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.
Proposals for the whole or any part OF
these bonds will be received at the treas
ury department, Office of the secretary,
until - O'Clock, noon, ON the first day Of
February, 1894.
Proposals should state the amount OF
bonds desired, whether registered or coup
on, and the premium which the subscriber
proposes TO pay, the place where IL is de-
sired that the bonds shall be delivered,
and the Office, whether that of the treas
urer OF the United States or an assistant
treasurer OF the United States, where IL
will be most convenient for the subscriber
TO deposit the amount OF his subscription.
Failure TO specify the above particulars
may cause the proposal To be rejected.
As soon a. practicable, after the first
day OF Feb. 1894, the allotment OF bonds
will be made TO the highest bidders there
for, but no proposal will DO considered at
a lower price than liT.2s3 which il the
equivalent OF a 8 per cent. bond at par,
aud the tight TO reject any and all pro-
posals Is hereby expressly reserved. In
case the bids entitled TO allotment exceed
the bonds to be issued, they will be allotted
pro rata.
Notices OF the date OF delivery OF the
bonds will be sent TO the ubscribers to
whom allotments are made as soon a.
practicable, and within ten days from the
date OF such notice su description must be
paid in United States gold coin TO the
treasurer or such assistant treasurer OF
the United States IA the subscriber has
designated, and il not so paid the proposal
may be rejected.
The bonds will be dated Feb. 1, 1894,
and when payment Is made therefor, as
above. accrued interest on both principal
and premium from Feb. l, 1894, to date OF
payment, at the rate Of interest realized
To the subscriber On his investment will
be added.
All proposals should be addressed to the
secretary of the treasury, Washington,
ID. C., and should be distinctly marked
Proposals for subscriptions 10 3 per cent.
bonds" j. e. CARLISLE, Secretary.
Copies of the circular will be mailed to-
day TO all sub-tressuries.
The action Of Secretary Carlisle in an
nouncing a bond issue was not generally
known even in treasury circles until this
morning. Among the officials who were
cognizant OF his intention the opinion
was expressed that he acted none TO soon.
Treasury gold is rapidly IN the decline.
The loss yesterday was 1885,, 900, and since
the first Of the month the gold balance
has declined from $50, S9l 900 to $40, 634 ,9l5,
with the present indication that IL will
fall below $4,000, 900 to-day. The bonds
are, Of course, TO be purchased with gold
only, so the treasury gold will be built up
TO the extent OF the bond issue. This,
however, IL ~ anticipated, NAV only give
temporary relief. Gold may be paid into
the treasury for bonds one day and the
very next day the same gold may DO
Withdrawn by presenting legal tender
notes or coin certificates for redemption.
The effect OF the bond issue, however.
will be to give the treasury more money,
whether gold or currency Is immsterial,
and ease up government inances at least
for the present.