Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1894-11-23
MORE BONDS.
Secretary CarliSle's Circular
Calling for Bids for Them.
THE SUM TO BE $5O,OOO,OOO.

\ ALL HONA ~ LII YVVjVVVJ WV
Then Are to Bear s Per Cent. Inter-
est, but Premiums Are Expected
to educe Tn Rate-Redeem-
able by the Government
After Ten Years.
Secretary Carlisle settled all doubt regard
Ing the new 20 n 10y issuing circular inyit-
ing proposals for the five per cent. ten-year
bonds to the amount of $50, 900. Interest
is to be paid in coin, which is interpreted TO
mean gold. TIE only material changes made
in he present call from that issued January
"A las are the omission of the upset or mini
mum price which would be accepted and the
notice that the proposals Tor the present is
sue must be sealed 1t is confidently ex-
pected at the Treasury Department that an
amount will lie realized largely in excess Of
that received from the February issue. This
expectation is lased upon the fact that there
are exceptionally large amounts OF money
now lying idle and seeking investment in the
money centres OF the country, and upon the
further fact that the Feb. uary issue is now
quoted at $11850, or about 2 per cent ad-
vance above the price which would yield
per cent From the last issue there was raj
lied $5S, 760. 1853, a i'd OF this amount S52,-
$50, 26424 was in gold coin, $3.50, APO in gold
certificates and 1898 80 in other money, which
the sub-ireasuries were compelled to take In
making change. While these amounts were
actually paid into the treasury IN gold or lis
equivalent, large amount OF gold was with
drawn from the sub-treasuries lorthe express
purpose OF using it again for paying Tor the
bonds. The exact amount thus Withdrawn
cannot be ascertained, but the best judgment
ob,ainable is that is approximated $4,000
OCO. With view OF more exact amounts
which may lie withdrawn between now and
the settlement Of al accounts under the call
the sub-treasuries Will from this date keep
record OF all deposits Of legal tenders maio
in exchange for gold and the names OF the
firms or persons making them.
TEXT OF THE CIRCULAR.
The following is the secretarys circular
calling for bids:
Treasury Department, Wa. hingtOn, d. C.--By
virtue OF the authority contained in the &C; oil
Congress en- tiled AN act to provide Tor the
RESUMPTION OF specie payments" approved
January IA, 1875, the Secretary OF the Treas
ury hereby gives public notice that sealed
proposals will be received at the Treasury
Dopnrtment. office OF the Secretary, until II
O'Clock noon on tho oath day Of November,
1864. for U ,ited States per cent. bonds in
either registered or coupon form, dated Feb
ruary l. 1894. redeemabe in coin at thep pleas
ure of the government after ten years from
the date OF their issue, and bearing int rest
payable quarterly in cJin, at the rate OF
or centum per annum.
Bidders whose proposals are accepted will
Lo required to pay 20 per cent. in gold coins
or gold certificates upon the amounts OF
their bids rs soon as they receive notice OF
the accep ance of such bids and to pay in
like coin or certificates an additional 20 per
cent. at the expiration of each ten days there
after until the whole is paid; but they may
at their option, pay the entire amount their
bids when notified of acceptance, or at any
time when an insiallment is payable. The
first payment. however, OF not less than 20
ner cent. must be paid when the bidder re-
ceiyes notice OF the ac -eptance VI his pro-
posal.
The denominations of the bonds will lie $50
mill in THAR
pcsals. state the denominations desired.
whether registered or coupon, the price 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 tho United States, where it Will lie most
convenient for the bidder to deposit the
amounts OF his payment.
The bonds will lie dated February l, 1894,
in order to make the proposed issue uniform
"A TO date WITH the existing issue, but inter-
est thereon will begin November |, 1894, and
bidders will be required 10 pay accrued in
tercst at the rate of five per cent. on the face
value Of their bonds from November to the
date or dates of payment. The total issue Of
bonds in pursuance of this notice will not eX-
coed the sum OF $50, 100000.
The Secretary OF the Treasury hereby ex-
pressly reserves the right 10 reject any or all
bids.
Ali proposals shout be addressed 10 the
Secretary of the Treasury. Washington. d.
C.. and should be distinctly marked "Pro"
posals for the Purchase OF Five Per (ent.
Bonds" Blank forms for proposals may be
had on application to the Secretary OF the
Treasury.
J. G. CARLISLE.
Secretary OF the Treasury.