The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1894-11-27
sneeIaI to the REconn.ux1ox.

latton.
! Special to the RECoRD-USIoN
| WASHINGTON, Nov. 2G. - Secretary
Carlisle to-day acted in tn matter of tho
allotment OF the S50,0O0O0. 5-per-cent.
/ bonds, bids for which were opened at the
Treasury Department Saturday. He ac-
cepted the proposals submitted by the
! syndicate represented by John i. Stew
art OF the United States Trust COMPANY
OF New York and others TO take the en-
| tire issue at 1l7.O7.
! The following official statement was
made at the Treasury: The Secretary
OF the Treasury has accepted the proposal
OF John y. Stewart, President of the
United States Trust Company, and his
| associates, to purchase the entire issue of
| 5-per-cent. bonds, amounting To $50 O0O.-
/ O0o, at ll7.00 and accrued interest, from
November lst. The proceeds of tho
| bonds under this bid will be Sl9.5l7 6s
greater than they would be il the other
/ highest bids were accepted. Very inn
portant advantage to the Government in
/ accepting this bld is the fact that all tho
/ gold is TO be furnished outside ana none
| drawn from the Treasury. it is also mora
| convenient and less expensive TO the de-
| than with many"
| 1t is tne expectation of the Treasury
| officials that deposits OF gold Tor the pay-
/ lnent OF the bonds Will be made verv
! promptly, aud as the understanding -
! that none OF the GOLD Is TO be taken from
\ the treasury, an early restoration OF the
! Eoid reserve 10 above the SlUO,OJO,UUJ
/ mark Will be the result The bonds, in
! Guiding premiums, VIII realize 10 the
/ Government about SOS, ,5UU.p 600.
/ hA 4 l,.,F.
! round numbers SJi, i,Jo1,UUI. Will. IL ths
| expectations OF the officials regarding thu
! deposits OF gold bonds are borne out. TO
! Increased To about SIi6,UJU,UUU. Before
/ to-day, however, there mad been s., ,5j0UOD
/ in gold drawn from the sub Treasure az
/ New Nork, presumably TO be used in
! payment Tor the bonds. Assistant Secre-
tary Curtis learned during the morning.
! officially, that -, 100000 IN gold had beeu
/ deposited In the Sub Treasury for bond
| payments.
The bonds are deliverable as soon IA
! the gold is deposited, and as the Bureau
| or Engraving and Printing has been
! busy at work preparing Tor the issue they
/ will, it Is expected, soon be ready Tor dis
/ tribution. The denominations OF bonds
| which the syndicate will take are as fol-
/ lows: Coupons $50, SO, 900; 500, 81. .OCO:
$1,000, S}4, $4,000; registered $4,000, SI5,-
! 600, 900.
The conditions on which the bonds are
accepted Is shown by the original pro-
/ Dos2l OF the syndicate, which is in the
! following terms, minus the names OF the
| companies composing the trust, and the
! denominations wanted:
NEW YORK, Nov. 24, 1894.
! I'VE hereby propose, under the
/ terms OF your circular of NOVem Der IS
! 1894, to purchase United States five per
| cent. ten-year bonds described in said
! circular OF the face value of fifty million
! dollars. aA
the rate of ll7.O0 and accrued interest
| per 500.
This bid is for the whole $4,000, 600.
| but not for any lesser amount
1--WE further agree, upon due notice of
| the acceptance OF this Su description to de-
| poslt the amount thereof in gold coin or
| certificates with the United States AS
| sistant Treasurers at either Boston, New
| \ or6, Philadelphia, Baltimore, Washing
| ton, Cincinnati, Chicago, st. Louis, New
! Orleans or San Francisco, in accordance
with the terms of said circular.
J We desire registered or coupon bonds
| in denominations as stated below, and wJ
| wish them to be delivered as follows:
! $1,000 900 ut New \ Gork, s., ,000, 900 at Bos-
! ton, $1,000, 900 at Philadelphia. y. .UOD OOl
at Chicago and S2, ,000,U 900 at San Francisco
! or other United States Treasures as NAV
! be approved by the Treasury Depart
/ meut."
| II is the understanding of the Treasury
| Department officers that the Stewart syu-
! dIcate Will not take advantage Of the de-
| lag offered by the Secretary OF the Treas
ury 10 pay for the bonds. but on the other
| hand, payments therefor will be made
| promptly. Already Assistant Secretary
| curtis has been in communication by
long distance telephone with parties rep
resenting the syndicate, who desire to
know when they can deposit gold for the
| bonds. He replied that they could do so
at the sub-treasury at New York up to
the close of business to-day. 1t will be
some days, however, before the entire
amount can be paid, as some of it will
find its way into the sub-treasuries at
Chicago and at San Francisco and other
sub-treasuries.
From the statements contained in the
bid made by the syndicate, Treasury otfi-
cials believe that between $50, ,OO0, 900 and
S40,0O0,G00 of the gold will be paid in at
the sub-treasury at New York and the
remainder at the esuD-treasuries at Boston,
Philadelphia, Chicago and San Francisco.