The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1894-01-18
BIDS FOR BONDS WANTED.
Secretary Carlisle Invites
Proposals.
He Proceeds to Carry Out His
Bond Policy.
Fifty Million Five Per Cents Put
ON the Market.
The House Judiciary Committee Unit
Against the observation-disclosures
RESOLUTION VIII Be Favor
ably Reported.
By the Associated Press.


WASHINGTON, Jan. 17.--Secretary Car
isle has issued the following circular,
inviting proposals for 5 per cent bonds
By virtue OF the authority contained
in the act entitled An Act to Provide for
the Resumption of Specie Payments,
approved January IA, 1875. the secretary
of the treasury hereby offers for public
subscription an issue OF bonds Of the
United States to the amount of $50, 000,-
COO, in either registered or coupon form,
in denominations of $50 and upwards.
redeemable in coin at the pleasure OF
the government, after 10 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
treasury department until II O'Clock,
noon. the 1st of February, 1894. Pro-
posals shall state the amount Of bonds
desired, whether registered or coupon,
and the premium which the subscriber
proposes to pay. AS soon as practicable
after the LIST OF February allotments OF
bonds will be made to the highest bid
ders therefor; but no proposal will be
received at lower price than ll7.233,
which is equivalent to per cent bond
at par, and the right to reject any and
all proposals is hereby expressly re-
served. In case bids fail to be entitled
to an allotment to exceed the bonds to
be issued. they will be allotted pro rata.
Notice of the date of delivery of the
bonds will be sent to subscribers to
whom allotmeDts are made as soon az
practicable, and within 10 days from the
date of such notice subscriptions must
be paid in United States gold coin to
the treasurer or such assistant treasurer
of the United States as the subscriber
has designated, and if not 80 paid the
proposal may be rejected.
The bonds will be- dated February l,
| 1894, and when Payments made thcre-
for as above, the accrued interest on
both the principal and premium from
February L, 1894, to the date of payment
at the rate OF interest realized to the
subscriber on his investment will he
added.
All proposals should be addressed to
the secretary of the treasury, Washing
ton, d. c., and be distinctly marked,
Proposals for subscriptions to per
cent bonds" j. q. CARLISLE,
Secretary.
An offer has been received from one
person to take all the bonds issued, but
the secretary prefers the general public
to have an opportunity to bid Tor them.
The subcommittee of the judiciary
committee to which was referred the
resolution of Representative Bailey.
stating that the secretary of the treas
ury has no right to issue bonds to supply
the current treasury deficit, held a
meeting today. Representative Good
night, a member OF tie subcommittee,
desired to confer with the secretary OF
the treasury before voting upon the
resolution, and in order to enable him
to do 30 the committee adjourned until
tomorrow. This does not, however, de-
lay the progress OF the committee be-
cause the full committee could not re-
ceive it's report beloresthe regular meet
ing, Friday next. There seems to be no
doubt that the subcommittee will make
favorable report on tue resolution.
Allison, member of the senate finance
committee, said today congress ought to
have been called upon by the secretary
OF the treasury to take up the bond ques-
ton before tariff, as the former was
more pressing. The secretary did not
come to the senate finance committee
until after the house had beea buttoned
up a month with the tariff bill aud
could take no action.
The appointment of De Almond of
Missouri, as d member OF the house ju-
dietary committee, makes the Democrat
ic membership OF that committee almost
a unit against Csrlisle's bond policy.