The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1894-12-06

pany Of New York, and others to take the
entire issue at 117.O77. 1t is the eXpecta-
ton of the treasury officials that the de-
post of gold for the payment of the bonds
will be made promptly, and, as the under
standing is that none of the gold is to be
taken from the treasury, an early restora-
ton of the gold reserve to above the
500, OOO, 900 mark will be the result. The
bonds, including premium, will realize the
government about sos, 100000.
The gold balance, which is now in round
numbers. $57, 800, 600, will. if the expecta-
tions of the officials regarding the deposits
of the gold bonds are borne out. be in
creased to aboutS11G, O00, 900. Previously,
however, there had been $4,55O,OOO in
gold drawn from the subtreasury at New
York, presumably to be used in the pay
ment of the bonds. Assistant Secretary
Curtis heard inotficially over the long
distance telephone from New York that
$4,000, COO in gold had been deposited in
the subtreasury there for bond payments.
The bonds are deliverable as soon as the
gold is deposited, and rs the bureau OF
engraving and printing has been busy at
work preparing for the issue they VIII, 1t
is expected, soon be ready for distrlbu-
ton.
The denominations Of bonds which the
syndicate will take are as follows
Coupons: $50, $4,000; 500, S2o,OOO;
$1,000, g 4,95O,OOO. Registered: $lO,-
600, S15,OO0,0OO.
The condition on which the bonds are
accented is shown by the original propos-
nj of the syndicate, which is in the follow
ing terms. minus the names of the com
NAMES composing the trust and the de-
nominations wanted:
1--WE hereby propose, under the terms
of your circular of Nov. Is, 1S94, to pur-
chase United States 5 per cent. ten-year
bonds described in said circular OF the
face value of $50, O00, 900, and we agree
to nav therefor at the rate Of 117.07 and,
oocrned interest per 500. This bid is
for tbe whole $4,000, DOC, but not for any
lesser amount. We further agree. upon
due notice of the acceptance of TINS sub
scription, to deposit the amount thereof
in gold coin or gold certificates with
United States Assistant Treasurers at
either Boston. New York, Philadelphia,
Baltimore. Washington, Cincinnati, Chi
coeo. st. Louis. New Orleans. San Fran
cisco. in accordance with the terms OF
said circular.
1--WE desire Registered or coupon) bonds
in denominations as stated below, and we
wish them to be delivered to us as fol
lows: $40. 600, 600 at New York, S3,OOO,-
600 at Boston, S 10000 600 ut Philadelphia,
$1,000 900 at Chicago. and $2.GOO.OOO at
San Francisco, or other United States
treasures, as may be approved by the
Treasury Department.
The total sum that the Government VIII
receive for the issue will aggregate
about SIS. 0 10000, and as the understand
ing is that the syndicate will not take
gold out of the treasury to pay Tor the
bonds, a healthy increase in the gold re-
serve will be the result. From the state
ments contained in the bid made by the
syndicate, treasury officials believe that
between $50, 100000 and $4O,OOO,OOO of
the gold will be paid in at the sub-treasury
of New York, and the remainder at the
sub-treasuries in Boston, Philadelphia,
Chicago, and San Francisco.