The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-11-28
THE CALL FOR BONDS.
BIDS ASKED FOR FIFTY MILL
IONS OF SECURITIES.

Secretary Carlisle Offers an Issue of
Ten-Year Five Per Cent. Gold
Bonds-The New Series to Be a
Continuation of That Of Febru-
ary-To Repleni sh the Reserve.
Secretary Carlisle has issued call for pro-
posals for the purchase Of five per cent. ten
year bonds of the United States to the par
value OF $50. 900, 900. ltg.zs.,: Is.
The formal circular inviting proposals tor
the bonds was drawn up in the Treasury De-
partment, and was carried by Secretary Car
Isle to the Cabinet meeting at II o'clock,
where 1t was discussed by the President and
his advisers. The Secretary remained at the
White House after the other members OF the
Cabinet had left, and the official announce
ment that call was to be issued was made
late that afternoon. The circular Is as fol-
lows:
TREASURY DEPARTMENT.
'WAsH1NaToN, November IS, 1884,
"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 IA. 1875. the Secretary OF
the Treasury hereby gives public notice that
sealed proposals will he received at the
Treasury Department, Office of the Secretary,
until twelve o'clock, noon. on the 24th day
of November, 1894, for United States five
per cent. bonds in either registered orc coupon
form, dated February 1, 1894, redeemable
in coin at the pleasure OF the Government
after ten years from the date OF their issue,
and bearing interest payable quarterly, In
coin, at the rate of five per centum per
annum.
"Bidders whose proposals are accepted
will be required to pay twenty per cent. IN
gold coin, or gold certificates, upon the
amounts Of their bids, and to pay In Ike
coin or certificates an additional twenty 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 notified OF acceptance or
at any time when an insralment is payable.
The first payment, however, OF not less tnan
twenty per cent. must be made when the
bidder receives notice OF the acceptance Oh.
his proposal.
"The denominations of the bonds will be
$50 and upward, and bidders will, In their
proposals, state the denominations desired,
whether registered or coupon, the prices
which the bidder proposes to pay, the place
where II Is desired that the bonds shall be
delivered, and the office, whether that OF
the Treasurer OF the United States or an As-
sistant Treasurer of the United States, ,Wnere
q It will be most convenient for the bidder to
deposit the amounts OF his payments.
sThe bonds will be dated February !, 1884,
In order to make the proposed issue uni
form as to date with the existing issue, but
interest thereon will begin November I,
1894, and bidders will be required to pay ao-
crued interest at the rate of five per cent on
the face value of their bonds from November
I to the date or dates of payment. The total
i.suc of bonds. In pursuance of this notice,
viii not exceed the sum Of $50, ,00o, 600. Z
''The Secretary OF the Treasury hereby
expressly reserves the right to reject any Or
ali bids. All proposals should be addressed
to the Secretary Of the Treasury, Washing.
ton, D. c., and should be distinctly markeds
Proposals for the purchase OF hye per cent,
had on application to the Secretary OF tho
Treasury. ]. G.. CARLIsLE.
"Secretary of the Treasury.