Morning journal and courier., 1894-01-18
NEWS By TELEGRAPH.
| From All Quarters.
bono ISSUE ANNOUNCED
Secretary Carlisle Sends
Out His Circular.
An INCOME TAX Is AGREED UPON.
Two Per Cent. Over Four
Thousand Dollars.
TO HAVE TIE fight IN THE WOODS.
The Duval Club Will Have
the Fighters Meet.
TO HAVE TIE fight IN THE WOODS,
PROPOSAL FOR BONDS

Secretary Carlisle Offers for Public
Subscription an Issue OF Bonds te
!. the Amount OF Fifty Million Dollara
Redeemable In Coin and to Rear q
Five Per Cont. Interest-Treasary
Gold IL ON n Rapid Decline.
WASHINGTON, Jan. 1.-THE following Il
the text of the circular which Secretary
Carlisle issued late this afternoon:
By virtue of the authority contained In
the act entitled IAN act to provide for the
resumption of specie payments" approved
January IA, 1875, the secretary of the
treasury hereby offers for public subscrip
ton an issue of bonds of the United States
to the amount of $50, 0O0, 600, in eiths,
registered or coupon form. in denomina-
tions of $50 and upwards. redeemabls in
coin at the pleasure of the government af-
ter ten years from the date of their issue,
and bearing interest, payable quarterly in
coin at the rate of per cent. per Annum.
Proposals for the whole or any part Of
these bonds will be received at the treas
ury department., Office of the secretary,
until 10 O'Clock noon on the hrst day of
February, 1894 Proposals should state
the amount of bonds desired, whether
registered or coupon, and the premium
which the subscriber proposes to pay. the
place where 1t is desired that the bonds
shall be delivered, and the Office. whether
that of the treasurer of the United States
or an assistant treasurer of the United
States, where it will be most convenient
for the subscriber to deposit the amount
of his subscription. Failure to specify the
above particulars may cause the proposal
to be rel -eted.
As soon as practicable after the Let day
of February, 1894, the allotment of bonds
will be made to the highest bidders there
lower price than 1923, which Is the
equivalent of 8 per cent. bond at par,
and the right to reject any and all pro
posals is hereby expressly reserved. In
case the bids entitle to allotment exceed
the bonds to bs ISSUED they will be allotted
pro rata.
Notices of the date of delivery of the
bonds will bs sent to the subscribers to
whom allotments are made as soon as prac-
tioabls, and within ten days from the date
of euch notes 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 so paid the proposal may be re-
jected.
The bonds will be dated February l.,
1894, and when payment is made therefor,
a. above accrued interest on both principal
and premium from February l, 1894, to
date of payment, at the rate of interest
realized to the subscriber on his invest
ment, will be added.
- All proposals should be addressed to the
secretary of the treasury, Washington, D
@ and should be distinctly marked PRO
poesls for subscriptions to five per cent.
0'n'' J. g. so' S2aL1s1u, Secretary"
= Copies of the circular will be mailed to-
morrow to all sub treasures.
The action of Secretary Carlisle In an
nouncing bond issue was not generally
known even in treasury circles when the
department closed to day. Among off.
cials who were cognizant of his attention
the opinion was expressed that he acted
none too soon.
Treasury gold is rapidly on the decline.
The loss to day was $s62, O00, and since the
clined from $50 s91 600 to SIC, 634 915
with the present indication that It will fall
below SO. 600 600 to morrow. 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, 1t Is anticipated. may only give
temporary relief. Gold may be paid into
the treasury for bonds one day and thu
very next day the same gold may be with
drawn by presenting legal tender notes Oh
coin certificates for redemption.
The effect of the bond issue, however
will be to give the treasury moro money
whether gold or currency is immateris.
and ease up government finances at leas
for the present