The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-11-14
BIDS WANTED FOR BONDS.
Secretary Carlisle Issues a Circular
Calling for Them.

Bids to Be Received Until Noon on Nov.
24-The Issue to Be $4,000, 900 and
to Run Not Less Than Tn Years
The Bonds to Be Dated Feb. 1, 1894,
and Interest to Begin From Nov. l.
Buyers Must Settle for the Accrued
Interest.
washington, Nov. 13.-The following cir
cular was issued at S:15 o'clock this after
noon:
Treasury Department. Washington, D.
C.. Nov. 10, 1S94-By virtue of the au-
thority contained in the act Of congress
entitled An act to provide for the re-
sumption of specie payments" approved
Jan Il, 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, IN
til Z o'clock noon on the twenty-fourth
day of November, 1894, for United States
S per cent. bonds, in either registered or
coupon form, dated Feb. l, 1894, re-
deemable in coin at the pleasure OF the
government, after ten years from the
date of their issue and bearing interest
payable quarterly at the rate of per
centum 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 no
tice Of the acceptance Of such bids, and
10 pay in like coin or certificates an ad-
ditonal 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.
titled of their acceptance, or at any time
when an installment is payable. The first
payment, however, of not less than 20 per
cent. must be made when the bidder re-
Ceives notice Of the acceptance Of his
proposal. The denominations Of the bonds
will be $50 and upwards, and bidders will,
IN their proposals. state the denomina
tiops desired, whether registered or cOu-
pom, 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 treas
urer of the United States, where it will
be most convenient for the bidder to de-
post the amounts Of his payments.
The bonds will be dated Feb. !, 1894, in
order to make the proposed issue uniform
as to date with the existing issue; but in
terest thereon will begin Nov. /, 1894, and
bidders will be required to pay accrued in
terest at the rate of ) per cent on the face
value Of their bonds from Nov. / 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, Washington, d.
O.. and should be distinctly marked:
Proposals for the purchase of per cent.
bonds.'
Blank forms for proposals may be had on
application to the Secretary Of the Treas
ur\. J. G. Carlisle,
Secretary of the Treasury.
New York, Nov 13.-The success of the
new government issue is already assured.
II can be stated on the highest authority
that DreXel, Morgan & Co., and Speyer &
Co, and John A. Stewart, president of the
lnited States Trust Company, and his
following, stand ready to take the whole
issue. Drexel, Morgan & Co and Speyer
* Co have sounded the feeling in London
regarding the new issue and have found
II very favorable They viii accordingly
put In bids for large amounts of the bonds
and if the public subscriptions come in
slowly, they will together take the bulk
of the new issue.