Omaha daily bee., 1894-01-18
BONDS TO BE SOLD
secretary Carlisle Offers New Issue of
Government Securities.
FIFTY MILLIONS OF FIVE PER CENTS
Must Bring a Premium that Will Gut the
Profit to Three Per Cent.
TO REPLENlSH THE GOLD RESERVE
Yellow Boys Required to Make Your Uncle
SAINTS Credit Secure.
WILL NOT AFFECT FORMER ISSUES
Securities Now Held bv National Banks and
ON the Market viii Not Be Brought
Into Competition with the
New Bonds.

WASHINGTON, Jan. 17.-[Special Telegram
TO THE BEE. lit was definitely settled today
that Secretary Carlisle will issue bonds upon
the authority already vested in him by exist
ing law He has concluded to issue per
cent bonds redeemabe III ten years. lie
will sell IA $50, ,000. 900 issue of these bonds to
the highest bidders, but will accept no bid
less than 81 1T2 which is a premium OF IL
cents and mills, and would make the inter
est for period of ten years exactly 3 per
cent The secretary of the treasury expects
to sell the bonds at considerable
less than a 8 per cent interest rate.
great deal of interest is taken
by national bankers and those who own
shares in national banks in the issue. They
believe as others do, that there will shortly
be another issue of these bonds and they
want TO know whether these bonds will
come into competition with those owned by
the banks and deposited in the treasury to
secure circulation or government deposits.
Opinion of the Comptroller.
Comptroller of Currency Eckels was asked
by The BEE correspondent this afternoon
whether, in his judgment, this or n subse-
quent issue of these bonds would depreciate
the value of the or per cent extended
bonds
mo, don't believe" said the comptroller
of the currency, 'that these bonds will come
into competition on the market with the out
standing bonds or that they will depreciate
In the slightest the bonds owned by national
banks 1t is my judgment that the new
issues will be purchased By trust companies,
savings banks, trustees estates and others
desiring an immediate investment. The
interest on the new issue will be bid down
SO low and the time in which they will run
being limited and fixed so short, they will
not be desirable securities for national bank
circulation or deposits"
An offer has been received from one per-
son to take all the bonds issued but the sec
retary prefers that the general public have
an opportunity to bid for them.
OHiciaiIy Advertised.
Secretary Carlisle late tonight issued the
following circular, inviting proposals for
per cent bonds:
srTREAsuRY DEPARTMENT. OFFICE OF SEC
RETARY, WASHINGTON Jan. II, 1894 BY vir-
tue Of the authority contained in the act en-
titled AN Act to Provide for the Resump-
tion Of Specie Payments approved January
H. 1873. the secretary of the treasury hereby
offers for public subscription an issue of
bonds of the United States to the amount of
s50,000,000, in either registered or coupon
form, in denominations of $50 and upwards,
redeemabe in coin at the pleasure of the
government after ten years from the date of
their issue and bearing interest payable
quarterly in coin al the rate of per cent
per annumd
0Proposals for the whole or any part OF
these bonds will be received at the Treasury
department office of the treasurer until 12
O'Clock noon. on the lst day of February,
1894. Proposals shall state the amount of
bonds desired, whether registered or coupon,
thA n hnc tNcnn ttNttf
proposes to pay, the place where 1t is de-
sired the bonds shall be delivered and the
office, whether that of the treasurer of the
United States or an assistant treasurer OF
the United States where it will be most con-
venient for the subscriber to deposit the
amount of his subscription. Failure to
specify the above particulars may cause the
proposal to be rejected.
Must Pay Premium.
"As soon as practicable after the 1st day of
February the allotments of bonds will be
made to the highest bidders, but no pro-
posal will be considered at lower prlce
than ST. 1923. which is the equivalent of a 3
per cent bond at par, and the right to re-
ject any and all proposals is hereby ex-
pressly reserved. In case tho bids for the
allotment exceed the bonds TO be issued, they
will be allotted pro rata.
'Notice OF the date of the delivery of the
bonds will be sent to the subscribers to
whom allotments are made as soon rs
practicable, and within ten days from the
date of such notice subscriptions must be
paid in United States gold coin to the treas
urer or such assistant of the United States
ms the subscriber has designated and If not
so paid the proposal may be rejected.
THE bonds will be dated February |,
1904, and when payment is made therefore,
as above, accrued interest on both principal
and premium from February l. 1894, TO date
of payment at the rate of interest realized
TO the subscriber on his investment win be
aided.
"All proposals should be addressed to the
secretary OF the treasury, Washington, d.
c., and should be distinctly marked Pro
posals for Subscriptions TO Per Cent
Bonds j. G., CARLISLE, Secretary"