The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-01-31
A $5O,OOO,OOO BOND ISSUE.
Secretary Carlisle Offers That
Amount For Subscription.

secretary SdrtiSAo ohoAS
Amount For Subscription.
Secretary Carlisle. OF the Treasury, has
issued the following circular offering for
public subscription an issue OF bonds to the
amount of $50, 900 900
BY virtue of the authority contained in the
act entitled "An act to provide Tor the re.
sumption of specie payments" approved
January II, 1875, the Secretary OF the Treas
ury hereby offers for public subscription an
issue of bonds of the United States to the
amount of $50. 200, 900, In either registered
OF coupon form. in denominations OF you ana
upward. redeemable In coin at the pleasure
of the Government after ten years from the
date OF their issue, and bearing interest, pay
able quarterly in coin, at the rate OF i've per
cent. per annum.
PROPOSALS for the whole or any part OF
these bonds will be received at the Treasury
Department, Office Of the Secretary. until IL
O'Clock noon, on the first day of February.
1894. Proposals should state the amount OF
bonds desired, whether registered or coupon,
and the premium which the subscriber pro-
noses TO nav. the place where 1t Is desired
TINT the bonds shall be delivered, and the
Office. VIII ,ther that Of the Treasurer Of The
United States or an Assistant Treasurer OF
the United States. where it will be most con-
yenient for the subscriber to deposit the
amount of his subscription. Failure to
specify the above particulars may cause the
proposal to be rejected.
AS soon as practicable after the first day OF
February, 1894. the allotment OF bonds Will
be made to the highest bidders therefor. but
no proposal will be considered at lower
price than 117.22S. which IS the equivalent OF
a three per cent bond at par, and the right
nd nj nrnnnoal6 h6reOy K
pressly reserved. In case the bids entitled
TO allotment exceed the bonds to be issued,
they will be allotted pro rata.
Notices. OF the date OF delivery OF the bonds
will be sent to the subscribers to whom allot-
ments are made as soon rs practicable, ana
within ten days from the date OF such notice
subscriptions must be paid in United States
gold coin to the Treasurer or such Assistant
Treasurer OF the United States ns the SUD-
scriber has designated, and II not so PAID tne
proposal may be rejected.
The bonds will be dated February !, 1884,
and when payment is made therefor. as
above. accrued interest on both principal
and premium from February !, 1884, to date
of payment, at the rate Of interest realized
ia the subscriber OF his investment, will be
added.
An proposals should be addressed to the
Seoretary ofthe Treasury, Washington, D. e.,
and should be distinctly marked Proposals
for subscriptions to flva per cent. bonds.
J. G. CARLISLE, Secretary.
The action Of Secretary Carlisle in an.
nouncing a bond issue was not generally
known, even in Treasury circles. Among
officials who were cognizant OF his inten
tions. the opinion was expressed that
he acted none too soon. Treas
ury gold is rapidly on the decline;
The bonds are, of course, to be purchased
for gold only. 50 the Treasury gold will be
built up to the extent OF the bond issue.
This, however, it is anticipated, may only
give temporary relief. Gold may be paid into
the Treasury for bonds one day and the very
next day the same gold may be withdrawn by
presenting legal tender notes or coin certifi-
Gates for redemption.
The effect OF the bond issue, how aver, will
be to give the Treasury more money.
whether gold or currency is immaterial, and
ease up Government finances, at least 70:
the present.