Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1894-11-15
A BOND ISSUE.
The Secretary of the Treasury u.
sues q Call for Bids.
The AMOUNT TO Be FIFTY MILLIONS
The Denominations OF the Bonds VIII BE
Fifty Dollars and Upwaris-What
bidders Are Required
to DO.

WASHINGTON, Nov. 14.-Secretary
Carlisle late yesterday afternoon, Is
sued his call for bids for $4,000, 900 S
per cent. ten year bonds, interest to be
paid in coin, which is interpreted to
mean gold. The only material changes
made in the present call from that Is
sued January IA last are the omission
of the upset or minimum price, which
would be accepted, and the notice that
the proposals for the present issue must
be sealed. 1t is confidently expected
at the treasury department that an
amount will be realized considerably in
excess of that received on the February
issue. This expectation is based on the
fact there are exceptionally large
amounts of money now lying idle
and seeking investment in the
honey centers of the country,
and upon the further fact the
February issue is snow quoted at slls.5O,
or about per cent above the price
which 1t would yield at per cent.
From the last issue there was realized
SIS, $50 9l763, and of this amount $751;
s50,96i.2l was in gold coin, s., $50, 420
in gold certificates and $?33. 20 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of gold was withdrawn from the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-treasuries for the express pur-
pose of using it again in pay
ing for the bonds. The exact
amount thus withdrawn cannot be
ascertained but the best knowledge
obtainable is that it Appropriated sl5,.
100000. With a view Of a more exact
estimate Of the amounts which may be
withdrawn between now and the set.
Element Of all accounts under the call,
the sub-treasuries will from this date
keep record Of all deposits Of legal
tenders made in exchange for gold and
the names of the firms or persons max
ing them. The following is the secre-
tary's circular calling for bids:
TREASURY DEPARTMENT, WASHINGTON, Nov.
H. 1891 BY virtue Of tho authority contained
In the act Of congress entitled IAN Act to Pro-
vide for the Resumption OF Specie Payments
approved January n, 1873, the secretary OF the
treasury hereby gives public notice that sealed
proposals will DO received ut the treasury de-
plrtment Office Of the secretary until 10
O'Clock noon. Oh the eth day Of November,
1891, for United States . per cent bonds, in
either registered Or coupon form, dated Febru-
nry 1874 redeemabe in coin ut the pleasure
OF the government, after ten years from the
date Of their ssue,and bearing interest pay
able quarterly, In coin, at the rate Of per
cent per annum.
Bidders whose proposals are accepted will
be required to pay 70 per cent In gold coin, or
rtilicates. upon the amounts Of their bids
Us soon as they receive notice OF the acceptance
OF 81 Ii bids, AMI to pay In like coin or certif-
Gates on additional 20 per cent. at the expira-
ton OF each ten days thereof until the whole
is paid; but they may, at their option, pay the
entire amount Of their bids when notified Of
acceptance or at any time when ON INSTALL
ment is payable. The first payment, however,
no less than 20 per cent must be made when
the bidder receives notices Of the acceptance
of his proposal.
The denominations Of the bonds will be 90
and upwards, and bidders will, in their pro-
posals, state the denominations desired,
whether registered or coupon, the price which
the bidder proposes to pay, the place where 1t
is desired the bonds shall be delivered and the
office. whether that OF the treasurer Of the
United States or an assistant treasurer, where
1t will be most convenient for the bidder to de-
post the amounts Of his payments
The bonds will be dated February /, 1894, In
order to make the proposed issue uniform as
to date with the existing Issues; but interest
thereon will begin November |, 1894, and bid
ders will be required to pay accrued interest
OF the rate Of ) per cent on the face value Of
their bonds from November | to the date or
dates Of payment. The total issue Of bonds in
pursuance OF this notice. will not exceed the
sum Of ti000)00l
The secretary Of the treasury hereby ex-
prossly reserves the right to reject any or all
bids,
All proposals should be addressed to the Sec
Rotary of the treasury, Washington, D. c., and
should be distinctly marked Proposals for the
purchase OF 3 per cent bonds.'
Blank forms for proposals may be had on ap-
plicaton to the secretary Of the treasury
J, G, CARLISLE,
Secretary OF the Treasury