Crawford avalanche. (Grayling, Mich.) 1879-19??, 1894-01-25

rate when the ten years had expired.
The following is the text of the cir
cular:
BY virtue of the authority contained in the
act entitled An Act to Provide for the Re-
sumption Of Specie Payments. approved Jan.
IA 1875, the Secretary of the Treasury hereby
offers for public subscription an issue of bonds
Of the United States to the amount Of 00O0.-
Ooo in either registered or coupon form, In de-
nominations Of $50 and upward. redeemable In
coin at the pleasure of the Government after
ten years from the date of their issue and
bearing interest payable quarterly in coin at
the rate of per cent. per annum. Proposals
,or the whole or any part of these bonds will
be received at the Treasury Department, office
Of the Secretary, until ~ o'clock noon, on the
hrsc day Of February, 1894.
Proposals should state the amount of bonds
desired whether registered or coupon, and the
premium which the subscriber proposes to pay,
the place where it is desired that the bonds
shall be delivered, and the office, whether that
OF the Treasurer OF the United States or an as
sistant Treasurer of the United States, where
10 will be most convenient 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 117.223 which is the equivalent of q per
cent. bond at par, and the right to reject any
and all proposals is hereby expressly 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
allotments are made as soon practicable
and within ten days from the date of such no.
tice subscriptions must be paid in United
States gold coin to the Treasurer or such as
sistant treasurer of the United States as the
subscriber has designated, and IL not so paid
the proposal may be rejected.
The bonds will be dated Feb. 1, 1884, and
when payment Is made therefor, as above, ac-
crued interest on both principal and premium
from Feb. /, 1894, to date of payment at the
rate of interest realized to the subscriber on
his investment will be added. All proposals
should be addressed to the Secretary of the
Treasury, Washington, ID. c., and should be
distinctly marked proposals for subscriptions
to per cent. bonds.
J. G.. CARLISLE Secretary.
Secretary Carlisle's announcement
that no proposal will be considered at
lower rate than III, ,233 will make the
bonds pay 3 per cent. on the invest
ment during the time they run. The
premium is lower by fraction of a
cent than on the fifteen-year bonds at
Al per cent. or the thirty-year bonds at
per cent, reduced to per cent. ba-
sis. The price of the AIS for. fifteen
years, with semi-annual payments of
interest, would be 11S.0l, and of the
per cents for thirty years, 1859 The
present call for $50, 900, 0O0 will increase
the Treasury balan q, with the pre-
MUM, by about $59,000000 and make
the total $l43, 100000.