The Coconino weekly sun., 1894-11-22
MORE BONDS.
The Secretary of the Treasury Calls for
 Another Fifty Million Loan.

The Secretary of the Treasury Calls for
 Another Fifty Million Loan. WASHINGTON, Nov. 14.-Secretary Carlisle, late yesterday afternoon, is- sued his call for bids for S50,OO0,O 900 5 per cent. ten year bonds, interest to be paid in coin, which is interpreted to mean gold. The only material changes made in the present call from that is- sued January IA last are the omission of the upset or minimum price, which would be accepted, and the notice that the proposals for the present issue must be sealed. It is confidently expected at the treasury department that an amount will be realized considerably in excess of that received on the February issue. This expectation is based on the fact 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 the February issue is now quoted at SIS. 50, or about 2 per cent above the price which it would yield at per cent. From the last issue there was realized S5s, eco, ,917.63, and of this amount $52,- 0,264.24 was in gold coin, S5,s1O, 42O in gold certificates and S233. 29 in other money which the sub-treasuries were compelled to take in making change. While these amounts were actually paid into the treasury in gold or its equivalent, a very considerable amount of gold was withdrawn from the sub-treasuries for the express pur- pose of using it again in pay ing for tho bonds. The exact amount thus withdrawn cannot be ascertained, but the best knowledge obtainable is that it approximated sl5,- 100000. With a view of a more exact estimate of the amounts which may be withdrawn between now and the set clement of all accounts under the call, the sub-treasuries will from this date keep record of all deposits of legal tenders made in exchange for gold and the names of the firms or persons mak- ing them. The following is the secre- tary's circular calling for bids: TREASURY DEPARTMENT, WASHINGTON, Nov. l3, 189t-By virtue of the authority contained in the act of congress entitled "An Act to Pro- vide for the Resumption of Specie Payments" approved January A. 1875, the secretary of the treasury hereby gives public notice that sealed proposals will be received at the treasury de- pertinent, office of the secretary, until I2 o'clock noon, on the 2ith day of November, 1894, for United States per cent. bonds, in either registered or coupon form, dated Febru- ary 1, 1894, redeemable 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 per cent per annum.
 Bidders 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 notice of the acceptance of such bids. and to pay In like coin or certih- cates an additional 20 per cent. at the expra- tion of each ten days thereof, until the whole is paid; but they may, at their option. pay the entire amount of their bids when notified of acceptance, or at any time when an install- ment Is payable. The first payment, however, no less than 20 per cent, must be made when the bidder receives notices of the acceptance of his proposal
 The denominations of the bonds will be $50 and upwards, and bidders will, in their pro- posals, state the denominations 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 de- posit the amounts of his payments
 The bonds will be dated February 1, 1894 in order to make the proposed issue uniform as to date with the existing issues: but interest thereon will begin November 1, 1894, and bid ders win be required to pay accrued interest aC the rate of per cent. on the face value of their bonds from November 1 to the date or dates of payment. The total issue of bonds, in pursuance of this notice, will not exceed the sum of S50,000,000.
 The secretary of the treasury hereby ex- pressly reserves the right to reject any or all bids.
 All proposals should be addressed to the sec- retary of the treasury, Washington, D. O., and should be distinctly marked Proposals for the purchase of per cent bonds."
 Blank forms for proposals may be had on ap- plication to the secretary of the treasury.
 J. G. CARLISLE,
 Secretary of the Treasury