Fisherman & farmer. [volume] (Edenton, N.C.) 1887-19??, 1894-01-26
A $4,000, 900 BOND ISSUE.
Secretary Carlisle Offers Thai
Amount For Subscription.

Amount For Subscription.
Secretary Carlisle, of the Treasury, has
issued the following circular offering for
public subscription an issue OF bonds to the
amount of $50 900 900
By virtue of the authority contained in the
act entitled can act to provide for the re-
sumption Of specie payments approved
January A. 1875 the Secretary of the Treas
ury hereby offers for public subscription an
issue of bonds of the United States to the
amount of $50,000,000. in either registered
or coupon form. in denominations of $50 and
upward. redcemable in coin at the pleasure
of the Government after ten years from the
date of their issue, and bearing interest, pay
able quarterly in coin, at the rate Of five per
cent. per annum.
Proposals for the whole or any part of
these bonds will be received at the Treasury
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 coupon,
and the premium which the subscriber pro-
poses to pay, the place where it is desired
that the bonds shall be delivered. and the
office, VIII Nher that of the Treasurer of tho
United States or an Assistant Treasurer of
the United States. where it will be most con-
venient 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 as practicable after the first day of
February, 1894, the allotment of bonds will
be made to the highest bidders therefor, but
no proposal will be considered at lower
price than III. 223, which is the equivalent OF
a three per cent. bond at par. and the right
to reject any and all proposals Is hereby ex
pressly 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 theb bonds
will be sent to the subscribers to whom allOt
ments are made as soon as practicable, and
within ten 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 sub
scriber has designated, and if not so paid the
proposal may be rejected.
The bonds will be dated February l, 1894,
and when payment is made therefor, az
above, accrued interest on both principal
and premium from February /, 1884, 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 ofthe Treasury, Washington, D. e.,
and should be distinctly marked ''PrOposals
for subscriptions to five per cent. bonds.
J. G.. CARLISLE, Secretary.
The action of Secretary Carlisle in an
nouncing a bond issue was not generally
known, even in Treasury circles. Among
officials who were cognizant of his inten-
tions. the opinion was expressed that
he acted none too soon. Treas
ury gold is rapidly on the decline.
The bonds are, of course, to be purchased
for gold only, so the Treasury gold will be
built up to the extent of the bond issue.
This. however, it is anticipated, may only
give temporary relief. Gold may be paid into
the Treasury for bonds one day and the very
next day the same gold may be withdrawn by
presenting legal tender notes or coin certif-
Gates for REDEMPTION.
The effect of the bond issue. how aver, will
be to give the Treasury more money,
whether gold or currency is immaterial. and
ease up Government finances, at least for
the present.