The herald., 1894-11-27
The Entire Issue Sold at
117.O77...
1t Will Net the Treasury About
$58,5O0,O00.
Gold Reserve Increased to About
$116,OOO, 1000.
The Whole $50. 900. 900 Award Cd to Ons
Hyndicate-Oongrcss Bland's
Opinion OF the Bond
Transaction.
By the Associated Press.

By the Associated Presa
WASHINGTON, Nov. 49, Secretary
Carlisle today acted in the matter OF the
allotment of the $4,000. 900 Eve per
cent bonds, bids for which were opened
at the treasury department Saturday.
He accepted the proposals submitted by
the syndicate represented by John A.
Stewart. OF the United States Trust
company OF New York and others, to
take the entire issue at 1l7.077. II is the
expectation Of the treasury oficials that
the deposits Of gold for the pay msnt Of
the bonds will be made very promptly,
and as the understanding is that none
Of the gold 10 10 be taken from the
treasury, an early restoration Of the
gold reserve to above the $l00. 900, 900
mark will be the result. The bonds, in
cluding premium, will realize TO the
government about sos, 500, 900.
The gold balance. which is now in
round numbers. t57, 800, 900, will, II the
expectations OF the officials jregsrd-
ing the deposits OF gold bonds are borne
out, be increased to about SIG, ,000, 900.
Before today, however, there has been
$4,500, 900 in gold drawn from the sub
treasury at New York, presumably to be
ueed in pay ment for the bonds. Aseist.
ant Secretary Curtis learned during the
morning. unoficially, that $8, ,000, 900 in
gold had been deposited in the sub.
treasury for bond payments. The bonds
are deliverable "a soon as the gold ie de-
posted. and sc the bureau OF engraving
and printing has been busy at work pre-.
pairing for the iasue. they will, it 10 ex-
pected. soon be ready for distribution.
The denominations of bonds which
the syndicate will take are as follows:
Coupons. $50. $4,000; 500, $25. 600 !;
$1,000. $34, ,95O. 900; registered SIC, 900,
$l5. 100000.
The conditions on which the bonds
are accepted are shown by the original
proposals OF the syndicate. which are in
the following terms. minus the names Of
those composing the trust and the de-
nominations wanted:
NEW YoRK, Nov. "a. 1894.
1--WE hereby propose. under the terms
of your circular Of Nov. Is, 1894, to
purchase United States 5 per cent gold.
bearing bonds described IN said circular
OF the face value Of $50. .OO0, 900, and we
agree to pay therefor at the rate of
III OF and accrued interest per 500.
'This bid is for the whole 800, ,0O0. 900,
but not for any lesser amount.
I'VE further agree, upon due notice
of the acceptance OF this suhscrip ption,
20 deposit the amount thereof In gold
coin or certificates with United States
! assistant treasurers At either Boston,
New York. Philadelphia, Baltimore,
Washington, Cincinnati. Chicago, ST.
Louis. New Orleans or San Francieco, in
accordance with the terms Of said cir
cular.
1--WE desire registered or coupon bonds
in denominations as stated below, and
We wish them to be delivered to Us 40
follows: $4,000, 900 at New York. 3d.
000. 600 at Boston, $4,000. 900 ct Phila.
delphia, $4,000 at Chicago and g..
| 000 900 at San Francisco or other United
States treasures, 90 may be approved
by tho treasury department."
The following official statement was
made at the treasury: 1.-THE secretary
of the treasury has accepted the roposal
Of John A. Stewart, president OF the
United States Trust company and his
associates. to purchase the entire issue
of per cent bends, amounting to $780,
| O00. 900, at l17,077 I'D accrued inserest