Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1894-12-07
BONDS ARE AWARDED
Secretary Carlisle A11otS Entire Issue
to the United States Trust Co.

BONDS ARE AWARDED.
Secretary Carlisle A1lots Entir Issue
to the United States Trust Co.
~ ECRETARY CAR
M Isle has acted in the
matter of the allot-
ment of the S50,00O,-
!. ! !. !. !. 4. ]: /.
[FlGr>N 600 5per cent. bonds,
<TSs%NNV[Tj bids for which were
eTy1H, ED i opened at the Treas
//lllyAaA ury Department. He
tIAWE II : | accepted the pro-
NWM pOsal submitted D.
w HE,u the syndicate repre-
\WBf,l,lH' ! scented by John A.
~I'i"" Stewart, of theUnit-
ed States Trust Com
pany of New York and others to take the
entire issue at 117.0TI. 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-
lion of the gold reserve TO above the
S100.000.O00 mark Will be the result. The
bonds. including premium. will realize the
government about $JSjU0,0O0.
The gold balance. which is now in round
numbers. $1,000. 600, will if the expecta-
tons of the officials regarding the deposits
of the gold bonds are borne out, be in
creased to about 81 16.OU0.0O0. Previously,
however, there had been S4.5J0 900 in
gold drawn from the Subtreasury ut New
York, presumably to be used in the pay
ment of the bonds. Assistant Secretary
Curtis heard inoffically over the long
distance telephone from New York that
$4,000, 900 in gold had been deposited in
the subtreasury there for bond payments.
The bonds are deliverable as soon as the
gold is deposited. and as the bureau Of
engraving and printing has been busy at
work preparing for the issue they will. it
is expected, soon be ready for distribu-
ton.
The denominations of bonds which the
syndicate will take are as follows
Coupons: $50. $4,000; 500. $4,000;
$1,000, S34,950.000. Registered: S10,-
600, 100000.
The condition on which the bonds are
accepted is shown by the original propOs-
al of the syndicate, which is in the follow
ing terms, minus the names of the COM
panies composing the trust and the de-
nominations wanted:
I'VE hereby propose, under the terms
of your circular of Nov. Is. 1894, to pur-
chase United States per cent. ten-year
bonds described in said circular of the
face value of $50.000000, and we agree
to pay therefor at the rate of 111.OIl and
accrued interest per 500. This bid is
for the whole $50. 000,0 600 but not for any
lesser amount. We further agree, upon
due notice of the acceptance of this sub
scrption, to deposit the amount thereof
in gold coin or gold certificates with
United States Assistant Tredsurers at
either Boston. New York. Philadelphia,
Baltimore, Washington, Cincinnati, Chi
cago, 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
wash them to be delivered TO US as fol-
lows: $40. 900, 600 at New York, So ,000,-
600 at Boston, $4,000, 600 at Philadelphia,
100000 at Chicago. and 100000 at
San Francisco, or other United States
treasures, may be approved by the
Treasury Department.
The total sum that the Government will
receive for the issue will aggregate
about 5S,500.000, and as the understand
ing is that the syndicate will not take
gold out of the treasury to pay for the
bonds, 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 100000 of
the gold will be paid in at the sub-treasury
at New York, and the remainder at the
sub-treasuries in Boston, Philadelphia,
Chicago, and San Francisco.