St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-18
GILT-EDGEO BONDS
Secretary Carlisle Will Issue
Fifty Millions,
TO BE GOOD FOR TEN YEARS.
Get in Your Bid Before the
1st Of February.
THEY WILL NET 3 PER CENT.
Carlisle Gives a Few Points
to Bidders.
THEY WILL NET 3 PER CENT
ALLISON on OUR FINANCES.

WASHINGTON, Jan. II. - Secretary
Carlisle late this afternoon issued the
following circular inviting proposals
for five per cent bonds:
Treasury Department., Office of the
Secretary, Washington, Jan. II, 1884,
BY virtue of the authority contained IN
the act entitled, 'An act to provide for
the resumption of specie payments"
approved Jan. IA, 1875, the secretary of
the treasury hereby offers for public
subscrp ption an issue of bonds of the
United States to the amount of $50, OOO,-
900, in either registered or coupon form,
in denominations of $50 aud upwards,
redeemaDle i'll coin at the pleasure of
the government after ten years from
the date Of their issue, and bearing in
terest. payable quarterly in coin, at the
rate of five per cent per annum. !
Proposals for the whole or any part
of these bonds will be received at the
treasury department, Office of the secre-
tary, until II o'clock noon on the first
day of February. 1894. Proposals shall
state the amount of bonds desired.
whether registered or coupon, and the
premium which the subscriber pro-
poses to pay, the place where it is de-
sired that the bonds shall be delivered.
and the office, whether that of the treas
urer of the United States or an assist
ant treasurer of the United States,
where it shall be most convenient for
the subscriber to deposit the amount Of
his subscription. Failure to specify the
above particulars may cause the pro-
posal to be rejected. :
AS soon as practicable after the first
day of February, the allotments of
bonds will be made to the highest bid
ders therefor, but no proposal will be
considered at lower price than 1l7223,
which is the equivalent OF the three per
cent bond at par, and the right to reject
any and all proposals is hereby eX-
pressly reserved. In case the bids fail
TO allotment exceed the bonds TO be
Issued, they will be allotted pro rata.
Notice of the date of delivery of the
bonds will be sent to the subscribers to
whom ailotments are made as soon as
practicable, and within ten days from
the date of such notice subscriptions
must be paid in United States gold coin
to the treasurer or such assistant treas
urer of the United States as the sub
scriber has designated, and if not so
paid. the proposal may be rejected.
The bonds will be dated Feb. 1, 1894,
and when payment is made therefore,
as above, accrued interest on both prin,
cipal and premium from Feb. l, 1884, ia
date of payment, at the rate of interest
realized to the subscriber on his invest
ment, will be added.
All proposals should be addressed ia
the secretary of the treasury, Washing
ton, d. c., and should be distinctly
marked proposals for subscriptions ia
5 per cent bonds"
j. q. CARLISLE, Secretary.
Senator Allison, of Iowa, a member of
the finance committee, in speaking of
the present financial difficulties, says
that it would have been the best policy
to have adopted the provision which was
made part of the appropriation bill
last February, and then the difficulty
under which tue treasury now labors
would have been avoided.
Referring to the statement of Senator
Voorhees, yesterday, he said it was not
the statement of the committee, yet it
was the understanding that it might
represent the ideas of majority of the
committee. and might also mean that no
action would be taken by it at present.
at is conceded" said he, ''that the
discussion in the senate would take six
weeks, and that the secretary would
have to issue bonds anyway. The sec
retarY did not come to us (meaning the
finance committed until after the house
had been buttoned up for month with
the tariff bill and could take no action.
What ought to have been done was to
take up the bond question before the
tariff and settled that which WAS most
pre- Ssing."