The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1894-11-23

ior $4,000, 900 five per cent ten wear
bonds, interest to be paid in co;n
which Is interpreted to mean gold
Inc only material changes made in
the present call from that issusd
andary ID last are the omission of
'he upset or minimum price. which
would be accepted, and the notice
that the proposals for the presen,
issue must be sealed.
1t Is confidently expected at the
treasury Department that an amount
Will be realized considerably in excess
OF that received from the February
issue This expectation is based up
on the TACT that there arc execution.
aiiy large amounts of money now lying
idle and seeking investments in the
money centres OF the country, and up.
on the further fact that the February
issue is now quoted at StI8so. or
ABOUT two per cent. above the price
which would yield three per cent.
from the last issue there was realized
S50, 900 97.65, and of this amount
s52,S5o,2o424 was in gold coin,
$S,Sio,4ao in gold certificates and
Sa35.39 in other money, which the
SUB treasures were compelled to
take In making change. While these
amounts were actually paid into the
treasury IN gold or It's equivalent, a
very considerable amount of gold was
withdrawn from the Sub. Treasures
Tor the express purpose of using it
again IN paying for the bonds.
lhe exact amount thus withdrawn
cannot be asoertained, but the best
judgment obtainable is that it approx
mated $4,000 900. With a view of
more exact estimate of the amounts
which may be withdrawn between
new and the settlement of all accounts
under the call, the Sub Treasures
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 making them.
SECRETARY CARLIsLE'S CIRCULAR.
The following is the Secretary's
circular for bids
TREASURY DEPARTMENT, WASHING
TON, ID. c., November I3, ISo4.
By virtue Of the authority con-
tanned in the act of Congress entitled,
an act to provide for the resumption
! of specie payments, approved January
"a, 1875, the Secretary of the Treas.
ury hereby gives public 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 S per cent. bonds
in either registered or coupon form,
dated February 1, 1894, redeemable
in coin at the pleasure of the Govern
ment after ten years from the date of
their issue, and bearing interest pay
able quarterly, in coin, at the rate of
S per centum per annum.
Bidders whose proposals are ac-
cepted 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 ac
ceptance of such bids, and to pay in
like coin or certificates an additional
20 per cent. at the expiration of each
ten days thereafter until the whole is
paid: but they may at their opticn
pay the entire amount of their bids
when notified of acceptance, or at
any time when an instalment is pay
able. The FIRST payment, however, of
not less than 20 per cent, must be
made when the bidder receives notice
of the acceptance of his proposal.
DENOMINATIONS OF THE BONDS.
The denominations of the bonds
will be $50 and upward, and bidders
will, in their proposals, state the de-
nominations desired, whether register
ed or coupon, the price which the
bidder proposes to pay, the place
where it is desired that the bonds
shall be delivered and the office,
whether that of the Treasurer of the
United States or an Assistant Treasur
er of the United States, where it will
be most convenient for the bidder to
deposit tie amounts of his payments.
"The bonds will be dated Febru-
ary I, 1894, in order to make the
proposed issue uniform as to date
with the existing issue but interest
thereon will begin November 1, 1894.
and bidders will be required to pay
accrued interest at the rate of fve per
cent. on the face value of their bonds
from November I to the date or dates
of payment. The total issue of bonds,
IN pursuance of this notice, will not
exceed the sum of $50, 900, 900.
"The Secretary of the Treasury
hereby expressly reserves the right to
reject any or all bids.
"All proposals should be addressed
to the Secretary of the Treasury,
xu IA opA chnulH he