The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-01-24


Carlisle late this afternoon issued the
following circular inviting proposals for
per cent. bonds:
TREASURY DEPARTMENT,
OFFICE Of THE SECRETARY.
WASHINGTON, D. c., Jan. II, 1894.
by virtue Of the authority contained
in the act entitled, An act to provide
for the resumption Of specie payments
approved Jan. IA, 1875, the secretary Of
the treasury hereby offers for public
subscription an issue of bonds of the
United States to the amount of S50-00O,
900 in either registered Of coupon form,
in denominations Of $50 and upward, re-
deemable in coin at the pleasure of the
government aften ten years from the
date of their issue and bearing interest,
payable quarterly in coin. at the rate
of 5 per cent. per annum
Proposals for the whole or any part
of these bonds will be received at the
treasury department, Office of the secre-
tary, until u o'clock noon on the 1st
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 il is desired that
the bonds should be delivered. and the
offer. whether that of the treasurer of
the United States or an assistant treas
urer of 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 rejected.
''As soon as practicable after the 1st
day of February. 1894, the allotment of
bonds will be MADE to the highest bidders
therefor, but no proposal will be consid-
cred at a lower price than 117229, which is
the quivalent of a per cent. bond at
par, and the right to reject any and all
proposals is hereby expressly reserved.
In case the bids entitled TO allotment
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 the subscribers TO
whom allotments 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 treas
urer Of the United States as SUCH sub
scriber has designated, and if not so paid
the proposal may be rejected.
''The bonds will be dated Feb. I, 1894.
and when payment is made therefor as
above accrued interest on both principal
of payment, at the rate of interest realized
to the subscriber on his investment Will
be added. All proposals should be ad-
dressed to the secretary Of the treasury,
Washington. D. c., and should be dis
tinctly marked Proposals for sub
scriptions to per cent bonds.
y. G. CARLISLE, Secretary"
Senator AIlisOn's Views.
Senator Allison of Iowa, a member Of
o1s-,r57fffpa in L inc of
the present financial difficulties, says
that it would have been the best policy
to have adopted the provision which
was made part of the appropriation
bill last February, and then the diff
ficulty under which the treasury now
laborS would have been avoided.
Referring to the statement of Senator
VOORHEES, made yesterday the Iowa SEN
atOr said il was not the statement of
the committee. yet there might be an
understanding that it might represent
the ideas of majority of the commit
tee and also mean that no action would
be taken by the committee at present
TT is conceded" said he, that the
discussion in the senate would take six
weeks. and that the senate would have
70 issue bonds anyway. The secretary
did not come to US (meaning the finance
committed until after the house had
been buttoned up for a month with the
Dill ana tbulQ take no dGIlOn.
What ought to have been done was to
have taken the bond question before
the tariff and settled that which was
most pressing
Against the Proposal.
The appointment of Representative De
Almond of Missouri, who was today des-
ignated by Speaker Crisp to take the
place of J. r. Fellows on the judiciary
committee, was determined on before the
bond issue was raised. Yet Mr.. De Ar
mOnd shares the views Of Chairman CuI-
berson and other democratic members
on the committee against the legality Of
the sale Of bonds, except for the redemp-
ton Of greenbacks. This makes the
democratic membership Of the judiciary
committee almost, or quite, unit
against the bond policy.
The Gold Reserve.
The net gold reserve sustained a loss
Of ss62, 900 today, and stands at $40 634-
915 The net available balance OF the
treasury today is sS4 165. 602, a reduction
Of So, ,953 since Jan 1.