The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-11-27
Entire Issue of $5O,OOO,OOO Awarded
ders, Of New York, at 117.O77.
MONEY TO BE PAID AT ONCE
NONE OF THE NECESSARY GOLD TO
BE TAKEN FROM THE TREASURY.
New Counterfeit silver Certificate
That 1. Described as Most Danger
ous-ItaIy's Threat Against Brazil.

WASHINGTON. Nov 2s-Secretary Car
Isle to-day acted in the matter OF the al
lotment of the s50,000,0oO 5-per-cent bonds.
bids for which were opened at the Treas
ury Department Saturday. He accepted the
proposal submitted by the syndicate repre-
sented by John A. Stewart. Of the United
States Trust Company, Of New York, and
others to take the entire issue at 1l7.O77. 1t
is the expectation of the Treasury officials
that the deposits of gold for the payment
of the bonds will be made very promr tly
and as the understanding Is that none of
the gold is to be taken from the treasury,
an early restoration of the gold reserve to
above the $oO.oOo000 mark will be
the result. The bonds. including
premium, will realize to the gov
ernment about s5S,50,OOo. The gold
balance which is nov. in round numbers.
s57.5o0.0O0, will, IL the expectations Of the
officials regarding the deposits OF gold for
the bonds are borne out, be increased to
about s116,OOO,000. Before to-day however,
there had been s4,55O.ooO in gold drawn from
the subtreasury at New York, presumably
to be used in the payment Of The bonds.
Assistant Secretary Curtis heard, Unofn-
cially, over the long-distance telephone
from New York. during the afternoon, that
sS,0O0,000 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 En-
craving and Printing has been busy at
work preparing for the issue, they will, it
is expected. soon be ready for distribution.
The denominations of bonds which the
syndicate will take are as follows: Cou-
pons, $50 $4,000: $780, $4,000; $1,000 $34 900.
Registered-s10,0O s15,00o,0oO.
The condition on which the bonds are ac-
cepted Is shown by the original proposal
of the syndicate, which is in the following
terms, minus the names of the companies
composing the trust and the denominations
wanted:
I'VE hereby propose, under the terms of
your circular of Nov. 13. 1894, to purchase
United States 5-per-cent, ten-year bonds,
described in said rcular, OF the face value
OF &c., 900, and We agree to pay therefor
at the rate of 117.077 and accrued interest
per $780, This bid Is for the whole $50.000,OO0
but not for any lesser amount We further
agree, upon due notice of the acceptance
of this subscription, TO deposit the amount
thereof in gold coin or gold certificates
with United States assistant treasurers' at
Baltimore, Washington, Cincinnati. Chica-
go, ST. Louis. New Orleansa or San Fran
cisco. in accordance with the terms Of said
circular. We desire Registered or coupon)
bonds in denominations stated below
and we wish them to be delivered to us as
follows: SAC, 100000 at New York. S. 600. 600 at
Boston, 50, 100000 at Philadelphia, s.. .00O, 900
at Chicago and 100000 at San Francisco
or other United States subtreasures as
may be approved by the Treasury Depart
ment
The following official statement concern
ing the acceptance of the syndicate's pro-
posal was made at the Treasury: 1.-The
Secretary of the Treasury has accepted
the proposal of Mr.. John A. Stewart, presi-
dent Of the United States Trust Company,
of New York, and his associates, to pur-
chase the entire issue of 5-per-cent. bonds
amounting to $50.000.0o0 at 117.077 and Sc
cured interest from Nov. ]. The proceeds
of the bonds under this bid will be $49517 so
greater than they would be If the other
highest bids were accepted. A very i'm
portant advantage to the government in
accepting this bid is the fact that all the
gold will be furnished outside and none
drawn from the treasury. 1t is also more
convenient and less expensive 10 the de-
partment to deal with one party than with
many
Bland's View OF CarIfsle's Duty.
ST. LOUIS, Nov. 26.-In response to a
telegram forwarded to Hon. r. p Bland,
asking an expression or the bond issue, the
following was received from Lebanon,