The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-11-27
srNDroArE GETS THE BONDS.


Payment Of Gold to the Treasury De-
partmspt so Be Made at Once.
WAsHIssros CITT, Nov. 26.-Secretary
Carlisle today acted in the matter of the
allotment of the Sc. 600 900 of 5 per cent.
bonds, bids for which were opened at the
treasury department Saturday. He ac-
copied the proposals submitted by the
syndicate represented by John A. Stewart,
of the United States Trust Company, of
New York, and others. to take the entire
Issue on issue at ll7.077. IL is the expeeta-
ton of the treasury officials that deposits
of gold for the payment of the bonds will
be made very promptly, and, as the under
standing Is that none of the gold Is to be
taken from the treasury. an early restora-
ton of the gold reserve to above the $780,
900. 600 mark will be the result.
The bonds. including the premium, will
realize TO the government SIS, sos, 600. The
gold balance, which is now. in round
numbers, So. 500. 600, will, if the expecta-
tions OF the officials regarding the deposits
of gold bonds are borne out, be increased
to about s1l6, 600 900. Before today, how
ever, there has been 1885, 900 in gold
drawn from the suh-treasury at New
York. presumably to DO used in payment
for the bonds. Assistant Secretary Curtis
learned during the morning. unofficially,
that s, 0oO, 900 in gold had been deposited
in the sub-tressury for bond payments.
The bonds are deliverable as soon as the
gold is deposited. and, as the bureau of
engraving and printing has been busy at
work preparing for the issue. they will, it
is expected, soon be ready for distribution.
The denominations OF bonds which the
syndicate will take are as follows: Coup
ons, $50, S25. 600; 500. SIS 900: 81, 600. $34.-
$50, 600. Registered, $4,000. $4,000, 600.
The conditions on which the bonds are
accepted is shown by the original proposal
of the syndicate. which is in the following
terms, minus the names of the companies
composing the trust aud the denomina-
tions wanted:
NEW YoRK, Nov. "a, 1885,. hereby
propose. under the terms of your circular
of November i3, 1894, 10 purchase the
United States per cent ten-year bonds
described i'm said circular of the face value
of $50 0oo, 900. and agree TO pay therefor at
the rate OF tl7o77 and accrued interest. per
800. THIS bid is for the ,ehole $50, 0l0, 010,
bat not for any lesser amount We further
agree upon due notice of the acceptance of
this subscription to deposit the amount
thereof IN gold coin or certificates with
| United States assistant secretaries either
at Boston, New York, Philadelphia, Balti-
more, Washington City Cincinnati Chi
cago, ST Louis, New Orleans or San Fran
| cisco, in accordance with the terms OF said
circular. We desire bonds in denomina-
| tions as stated below and We wish them TO
| be delivered TO Us as follows: Four million
| dollars a. New York. 50, 000. 600 at Boston.
| S. coo, 600 at Philadelphia, s. 000, 900 at
| Chicago. and $1,000, 600 at San Francisco
| or other United States treasures as may
be approved by the treasury department"
The proceeds Of the bonds under this
bid will be s4a,5I7.e2 greater than they
| would be If the other highest bids were
accepted. A very important advantage to
the government in accepting this bid is
the fact that ali the gold viii be furnished
| from outside, and none drawn from the
| treasury. IL is also more convenient and
less expensive TO the department TO deal
| with one party rather than with msny.
| IL Is the understanding Of the treasury
| department. officers that the Stewart syn
| dictate will not take advantage of the delay
| offered by the secretary of the treasury 10
| pay for the bonds, bat on the other hand
1 payment therefor viii be made promptly.
| Already Assistant Secretary Curtis has
been in communication by Iong-distance
telephone with persons represent Tin the
| syndicate, who desired 10 know when
they can deposit gold for the
bonds. He replied that they could
| do 90 st the sub-treasury at New
/ York Up to the close OF business today. Il
| wiz be some days, however, before the en-
tire amount can be paid, as some of 10 will
| find its way into the spo-trsssuries q.
| Chicago. San Francisco and other sub
treasures. From the statement contained
| in the bid made by the syndicate, the
| treasury officials believe that between ss0.-
600, 600 aud $50 COO coo Of the gold will be
deposited in tbs sab-treasury in New
| York and the remainder in the sub
treasures in Boston. Philadelphia. Chicago
and SAT Francisco. There we're no notices
| Of Withdrawals o. gold at New York for the
/ payment Of bonds received at the treasury
up TO IL O'Clock today. The gold reserve
today ia said 70 be 81. 90. 7oi-
ST. IoUTs Nov. 26-In response 10
telegram 20 r. P. Bland, asking for an
| expression OF opinion On the bond issue,
/ the following wss received by the Poss-
/ DlsTatea to-day;
"LrsAxoE, No, Nov. 26-If the score
I i2Ty 81 the treasury would exercise his
/ option and pay out silver for the green
! backs and treasury notes issued under the
! ShcTEl an Jaw. thers could be no dram of
gold from the treasury. The governments
I CT kraaee doe. shls and keeps al her
/ money at pa. This bond issue business
4 locks ike al attempt 20 force congress to
/ retire oar treasury notes AMI suestigut. 8
| system 81 national bank currency. The
| DEbt = Sal o. between the advocates OF
I tie free coinage Of silver a. the true node
! Of currency reform and tie &dheFenss %
/ tee national banks IL IL proposed By TIE
sntisr 10 iasx1 out - corporations the
/ power 20 centred the vElue ani volume Of
/ money Surety tie money monopoly %
sAls Country nos tAln2s .s IS il the saddle,