The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1894-01-23
tsEoR.srARY oARLlsLn ArTs.
Bonds to- the Amount Of $50 ,O00, COO
To- be, lssued-Run Ten Years FROM
February, list at Five Per Cent. ~

L n .lN - 7. Mf j
! Bonds tosthe a mount Of $50, ,O00,OOO
To- be, ISsued-Ruu Ten Years from,
Febrnary, list at Five Per Cent. -
/ 3 WASHINGTON, Jan. 17.--The follow
ing. issthe text of the circular which
Secretary Carlisle has just issued; y
BY virtue OF the authority contains
lyed In the act entitled An Act to Pro-
| vide Tor the Resumption s,of Specie
ASments,' approved JanuaHy Id, 1875.
ttssf secretary of the Treasury hereby
0Hers for public subscriptionaD issue
Ean.ount of $50, 900, 600, in either regis.
tered OF coupon form, in denominations
OF $50 and upward, redeemable in coin,
at the pleasure Of tho Government,
| after ten years from the date of their
issue, and bearing interest payable
pafterly, In coin, atthe rate of five
| tpefSc cont, per annum.
4 ri Proposals tor the whole or any
,SpaIt of these bonds. will be received
| at the I TreasnryaD Department., Office of
ietfe 3ecr6t 6tary, until, u o'clock noon,
on the st day Of February, 1894.
Proposals should state the amount of
bonds desired, whether registered or
coupon, and the premium which the
subscriber proposes to pay the place
where Its is desired the bonds shall be
| delivered and the office. whether that
of the Treasuref of the United States,
or an ASSISTANT ltreasurer of the United
States, whegeit will be most convent
| ent for the subscriber to deposit the
amount flhisssubscription.
"Failure tqspecify the above partic-
ulars may cause the proposal to be re-
| jected. AS soonas possible, after the
first day of February, 1894, the allot-
ment of bonds will be made for the
highest bidder therefor, but no pro-
posals will, be considered at a lower
premium than 117.23 which is the
equivalent OF three per cent. bond
at par, and the right to reject any
and all proposals, is hereby expressly
reserved. S&s 81
Z" In case the bids exceed the allot-
ment for the bonds, toibe issued, they
will be allotted pro rata ~
Notices of the dateof delivery of
the bonds will be sent to, the subscrib
ers to whom allotments are made, as
soon as practicable. and within ten
days from the date Of such notice, sub
scriptions must be paid in United
States gold coin, to the Treasurer, or
such Assistant Treasurer of the United
States, as the subscriber has designat-
ed, and, If not so paid, the proposal
will be rejected.
!, 1894, and when payment is made,
interest accrues on both principal and
premium from February !, 1894, to
date of payment. and; the rate of in
terest realized to the subscriber on his
investment will be added. Es
All proposals should be addressed
to the Secretary of the Treasury,
Washington and should be- distinctly
marked Proposals for Subscriptions to
Five per cent. Bonds"
(Signedl
j. G. CARLISLE, Secretary.
Thejaction of Secretary Carlisle in
announcing a bond issue, was not gen
orally KNOWN, eyen,in Treasury circles.
when the report closed today. Among
the officials who are cognizant of his
'sintention, the opinion was expressed
that he acted none too soon. Treasury
geld is rapid ly on the declines The
lofs today was 1852, 900, and Since the
htStof the MONTH the gold, balance has
$50 lisles iea ssa ,ei5,
E'8ih fan sbelo 8s$56, 7ouobo % tomorrow row.
Esis Shes bonds are to be pupchased for
4 gold only, ysos that the Treasnfy, ,gdfd
wifi lbe built 4up to the extenttof the
bond Issue. This, however, it, is anti
clpatea may only give temporary re-
Lief, Gold may be paid into the Treas
sury for bonds one day, and the next
day the same gold may be withdrawn
by presenting legal tender notes, or
coin certificates, fol redemption. The
effect of the bond issue, however, will
be to give the Treasury moro money,
whether gold or currency, is immatesi-
al, and ease up Government finances
at least, for the present.