Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-01-18
BONDS TO Be ISSUED,
Secretary Carlisle Asks for Bids on
S5O,OOO,OOO Issue.
THEY WILL BE FIVE PER CENTS.
But the Premium Demanded Will
Out the Rate Down to 3 Per
Cent.-The Proposals Must be
in by February l, and the Bonds
VIII Date From That Day.


Secretary Carlisle. late this afternoon,
issued the following circular, inviting
proposals for Eve per cent. bonds:
TREASURY DEPARTMENT.
OFFICE OF THE SECRETARY,
WASHINGTON, DC, January II, 1894. }
by virtue OF the authority contained
In the act, entitled An act to provide
for the resumption OF specie payments,
approved January II, 1878, the Secre-
tary of the Treasury hereby offers for
public subscription an issue OF bonds OF
the United States TO the amount of
$50 900, 600 in either registered or
coupon form, in denomination OF $50
and upwards, redeemable in coin at the
pleasure OF the government after ten
years from the date OF their issue, and
bearing interest, payable quarterly Ia
coin, at the rate OF per cent. per an
mum.
proposals for the whole or any part
OF these bonds Will be received al the
treasury deDartmet, Office OF the secre-
tary, until twelve o'clock noon, on the
first day of February, 1894. Proposals
should state the amount OF bonds de-
sired, whether registered or coupon,
ana the premium which the subscriber
proposed TO pay; the place where IL Is
desired that the bonds shall be de-
lvered, aud the Office, whether that OF
the Treasurer OF the United States or
an Assistant Treasurer Of the United
States, where IL Will be most conve-
nieht for the subscriber to deposit the
amount q his subscription. Failure To
a.. -.
the proposal TO be rejected.
''As soon as practicable after the fl rst
day Of February, 1894, the allotment OF
bonds will be made To the highest bid
ders therefor. but no proposal will be
considered al "a lower price than Sl.17223,
which l. the equivalent Of 3 per cent.
bond at par, aud the right TO reject any
aud all proposals is hereby expressly
reserved. To case the bids entitled to
allotment exceed the bonds TO be is
sued, they Will be allotted pro rata.
Notice of the date of delivery of the
bonds will be sent 20 the subscribers TO
whom allotments are made as soon as
.pFS.cticable and within ten days from
the date OF such notice subscription
must he paid in United States gold coin
Ia the Treasurer or such Assistant
Treasurer OF the United States as the
subscriber has designated and II not 50
paid the proposal may be rejected.
The bonds will be dated February
], 1894, and when payment is made,
therefore, as above, accrued interest on
both principle and premium from Feb
ruary ], 1894, 10 date OF payment, at
the rate Of interest realized TO the sub
scriber on his investment, will be
added
"All proposals should be addressed
"a Of
Washington, ID. c., aud should be dis
tinctly marked:
Proposals for subscriptions to five
per cent. bonds
-. G.. CARLISLE,
"Secretary."
Senator Allison, of Iowa, a member OF
the Finance Committee, in speaking of
the present financial difficulties saws
toat 10 would have been the best policy
to have adopted the provision whicn
was made part OF the appropriation
Dill last February, and then the dill fiji
Guilty under which the treasury now
faOors wOuid have been avoided
Referring TO the statement OF Sena-
tor Voorhees, made yesterday, the Iowa
senator said II was not the statement
OF the committee, yet there might be
an understanding that 10 might r. pre-
sent the ideas or majority OF the com
mittee and might also mean that no ac-
Ton would be taken By the COMMITTEES
~ present. "It is conceded, d" said he.
that the discussion in the Senate
would take six weeks, and that the Sec
Tetary would have 10 issue bonds any
way. The Secretary did not come 10
us lmeauinR the Finauce Committeel
until after The House had been buttoped
up Tor month with the tariff bill and
could take no action. What ought 10
have been done was 10 take uu tho
bond question before the tariff and set
tie that which was most pressing"
The appointment of Representative
DeArmond Dem, Missourfl who was
to-day designated by Speaker Crisp to
take the place Of i. u. Fellows ON the
judiciary Committee, was determined
on before the bond issue was raised
Yet Mr.. DeArmond shares the views
OF Chairman Cul berson and other Dem
ocrauc members on the committee
against the legality Of the use OF tbe
proceeds OF a sale OF bonds erceut fo-
the redemption OF greeubacks. This
makes the Democratic mem bership Of
the Judiciary Committee almost or quite
unit against the bond pulfcv