The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1894-11-14
Special to the REcoRD-UNIoN.

S1eclai 10 the hECORD-bNION
WASHINGTON, Nov. I3.-Secretary Car
Isle late this afternoon issued his call for
bids for $50, 900. 8 per cent. ten-year
bonds, interest to be paid in coin, which
is interpreted to mean gold. The only
material change made in the present call
from that issued January 14th last are
the omission of the upset or minimum
prices which would be accepted, and the
notice that proposals for the present issue
must be sealed.
1t is confidently expected at the Treas
ury Department that an amount will be
realized considerably in excess of that
received on the February issue. This ex-
pectation is based on the fact that there
are exceptionally large amounts of money
now lying idle and seeking investment in
the money centers of the country, and
upon the further fact that the January
issue is now quoted at Sis so, or about 2
per cent, above the price. which would
yield 3 per cent.
From the last issue there was realized
S0S, ,660,Sl7 Us, and of this amount S52, S50,
26i "a was in gold, $3.50, 40 i'll gold GER
titicates. and S23S 80 in other money,
which the sub-troaSuries 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 with
drawn from the sub-treasuries for the eX-
press purpose OF using 1t again in paying
for bonds. The exact amount thus with
drawn cannot be ascertained, but the best
knowledge obtai Unable is that il approx
imates $l5,0000 600. With view to more
exact estimate of the amounts which may
hntANnln IlaAV a
tlement Of all accounts under the call,
the sub-treaSuries will from this time keep
a record Of all deposits of legal tender
made in exchange for gold, and the names
of the firms or persons making them.
The following is the Secretary's circu-
lar. calling for bids:
"By virtue of the authority contained
in the ACT of Congress entitled an Act to
provide for the resumption of specie pay
ments, approved January 1, 1880, the Sec
retary OF the Treasury hereby gives pub
lie notice that sealed proposals will be
received at the Treasury Department
office of the Secretary until Il o'clock
noon on the 24th day of November, 1894,
for United States 5-per-cent. bonds in
either registered or common form, dated
February, 1894, redeemable in coin at the
pleasure of the Government after the
first years date OF their issue and bear
ing interest payable quarterly in coin at
the rate of per cent. per annum. Bid
ders whose proposals are accepted will
be required TO pay 20 per cent. in gold
coin or gold certificates upon the amounts
of their bids as soon as they receive no
tice of the acceptance Of such bids, and
to pay IN like coin or certificates an adj
ditional 20 per cent. at the expiration of
each ten days thereafter until the whole
is paid, but they may at their option pay
the entire amount of their bids when no.
20 ~ OF ~ fits,~, ,I,o,,
an installment is payable. The first pay
ment, however, on less than 20 per cent.
must be made when the bidder receives
notice of the acceptance of his proposal.
Denominations of the bonds will be
$50 and upwards, and bidders will, in
their proposals, state the denomination
desired, whether registered or coupon,
the price which the bidder proposes to
pay, the place where it is desired the
bonds shall be delivered, and the Office
whether that OF the Treasurer of the
United States or an Assistant Treasurer,
where it will be most convenient for the
bidder to deposit the amounts of his pay
ment.
1.-THE bonds will be dated February l,
1894, in order to make the proposed issue
uniform as to date with the existing
issues, but interest thereon will begin
November l, 1894 and bidders will be re-
quired to pay accrued interest at the rate
of per cent on the face value of their
bonds from November 1st to the date or
dates of payment. The total issue of
bonds in pursuance of this notice will
not be to exceed $50, 1000.
The Secretary of the Treasury ex-
pressly reserves the right to reject any or
all bids.
CAL. bids and all proposals should be
addressed to the Secretary of the Treas
TRY, Washington, ID. c., and should be
distinctly marked: Proposals for the
purchase of 5 per cent. bonds'
BLANK forms for the proposals may be
had on application to the Secretary OF the
Treasury. JOHN G. CARLISLE,
Secretary of the Treasury