Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1894-11-23
FOR BOND BIDS
SECRETARY cARLlsLE.s Off.
GAL APPEAL IS OUT.
VIII Issue 500, DOC, 900 s Per Cent. Gold
Bonds, Payable In Ten Years-No Mini
mum Prlcc Tixcd-Text of the Circular
Sent Out. .
To Dorrow abo.OOo,ooo.

Secretary Carlisle has issued his cHli |
for bids for $5O.QOO.OO ) per cent. ten
year bonds, interest to he paid in %"coin,"
which is interpreted to mean gold. The
only material changes made in the pres
,ent call from that issued Jan. IA last are !
the omission of the upset or minimum /!
price which would he accepted and the
notice that the proposals for the present
issue must be sealed. 1t is confidently
expected at the Treasury Department.
that an amount will be realized consider
ably in excess of that received at the Feb
ruary issue. This expectation is based on
the fact that there are exceptionally large |
amounts of money now lying idle and
seeking investment in the money ccnters |
of the country, and upon the further fact
that the February issue is now quoted ut |
$11S.5O. or about . per cent. above the |
price which would yield 3 per cent. From |
the last issue there was realized sos. $780,
91I.G3, and of this amount So, 500. 2,i4 n
was in gold coin. $5.S1O,42O in gold GER
tificates. INT $2;;s3.339 i'll other money, |
which the s~ub-trensuries were compelled
to take in making change.
While these amounts were actually paid
into the treasury in gold or it's equivalent,
Il very considerable amount of gold was
withdrawn from the sub-trcasuries for
the express purpose of using it again in
paying for the bonds. The exact amount
thus withdrawn cinnut he asccrtained,
hut the hest knowledge obtainable is that
1T approNimated S1:l,00o.OOO.
With II view of IL more exact estimate of
the amounts which may he withdrawn he
tween now and the settlement of all ac-
counts under the call. the sub-treasurics
will from this date keep II record of all de-
posits of legal-tcndcrs made in exchange
for gold and the names of the firms or
persons making them.
Secretary Cnrlis!e's Circular.
The following is the Sccretary's circu.
lar calling for bids:
"Treasury Department, Washington,
ID. C.-By virtue of the authority con-
tanned i'll the act of Congress entitled
an act to provide for the resumption of
specie payments. approved Jan. ia. 1870.
the Secretary of the Treasury hereby
gives public notice that sealed proposals
will be received at the Treasury de-
p%artment, office of the Secretary. until
II O'Clock noon. on the 9th day of No
vember. 1894. for United States 5 per
cent. bonds. in either registered or cou-
pom form, dated Feb. 1. 1874. redccmnble
Al Will ~ AS liNNSuAC VI liz NIONSIu-
ment after ten years from the date of
their issue, and hearing interest pay
able quarterly in coin mt the rate of 5
per cent. per annum.
bidders whose proposals are accepted
will be required to pay 20 per cent. i'll
odd coin or gold certificates upon the
amounts of their bids as soon as they re-
celve notice of the acceptance of such
bids, and to pay in like coin or certificates
an additional 20 per cent. at the expira-
ton of each ten days thereafter until
the whole is paid, but they may at their
option pay the entire amount of their
biz when notified of acceptance or at
any time when an installlncnt is pay
able. The first payment, however. of not
less than 70 per cent. must he made when
the bidder receives notice of the accept
ance of 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 price which the bidder proposes to
pay, the place where it is desired that
the bonds shall he delivered. and the
office, whether that of the Treasurer of
the United States or an assistant treas
11rer of the United States. where it will
he most convenient for the bidder to
deposit the amounts of his payments.
1.-The bonds will he dated Feb. 1. 1884,
in order to make the proposed issue uni
form as to date with the existing is
sues. but interest thereon will begin Nov.
4. 1894. and bidders will he required to
pay accrued interest at the rate of )
per cent. OF the face value of their bonds
from Nov. 1 to the date or dates of pay
ment. The total issue of bonds. in pur-
suance of this notice, will not exceed the
sum of $50,O00.OOO.
"The Secretary of the Treasury here
by expressly reserves the right to reject
any or all lcls. All proposals should he
addressed to the Secretary of the Treas
ury. Washington, ID. c.. and should be
distinctly marked: Proposals. purchase
of 5 per cent. bonds Blank forms for
proposals may be had on application to
the Secretary of the Treasury.
u. G.. CARLISLE,
Secretary of the Treasury
The cash balance in the treasury Tues
day was 500. 75s.9S6; gold reserve,
SG2.O .1O6.