The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-11-14
|rHE NEW BOND ISSUE.
Secretary Carlisle Issues His For
NAL Gall for the Loan.
FIFTY MILLION DOLLARS WANTED.

The Bonds VIII Bear Interest at the Rate
of Five Per Cent. and nre RedeemabIe
in Coin After Ten Years from the Date
of Their Issue.
WASHINGTON, Nov. 14.-Secretary Car
Isle late yesterday afternoon, as had been
anticipated for several days, issued his call
For bids for $50, 600, 900 per cent. ten year
bonds, interest to be paid in coin, which is
interpreted to mean gold. The only ma
terial change made in the present call from
fhat issued Jan. IA last are the omission of
the upset, or minimum price which would
pe accepted, and the notice that the pro-
Iosals for the present issue must be sealed
| 1t is confidently expected at the treas
Jury department that an amount will be
realized considerably in excess Of that re-
ceived from the February issue. This ex-
pectation is based upon the fact that there
are exceptionally large amounts of money
now lying idle and seeking investments in
she money centers of the country, and
upon the further fact that the February
fssueis now quoted at $11s.50, or about .
per cent above the price, which would
yield per cent. From the last issue Their .
was realized $500, 91763, and of this
amount s62, $50, 26424 was in gold coin,
other money, which the subtreasuries
were compelled to take in making change.
1 While these amounts were actually paid
into the treasury IN gold or its equivalent
a very considerable amount of gold was
withdrawn from the sub-treasuries for the
express purpose of using 1t again in pay
ing for the bonds The exact amount thus
withdrawn cannot be ascertained but the
best Judgment obtainab.e is that it ap-
proximated SIS, 100000. With view of n
more exact estimate of the amounts which
may be withdrawn between now and the
settlement Of all accounts under the call
the sub-treasuries will from this date keep
a record of all deposits of legal tenders
made In exchange for gold and the names
of the firms or persons making them.
The following is the secretarys circular
calling for bids:
Sealed proposals will be received Mt the
treasury department until IL o'clock noon
on the 24th day of November, 1894, for
United States per cent bonds, in either
registered or coupon form, dated Feb. /,
1894, redeemablc in coin at the pleasure of
the government after ten years from the
date of their issue, and bearing interest,
payable quarterly in coin Isat the rate of
per cent. per annum.
will be required to pay 20 per cent, in gold
coin, or gold certificates, upon the amounts
of their bids, as soon as they receive notice
of the acceptance of such bids, and to pay
in like coin or certificates an additional
20 per cent. at the expiration of each ten
days thereafter until the whole is paid;
but they may at their option pay the en-
tire amount Of their bids when not noti-
fed Of acceptance, or at any time when an
instalment is payable. The first payment,
however, of not less than 20per cent. must
be made when the bidder receives notice
Of the acceptance of his proposals
1.-The denomination of the bonds will be
$50 and upward, and bidders will, in their
proposals, state the denomination desired.
The bonds will be dated Feb l. 1894, in
order to make the proposed issue uniform
as to date with the existing issue; but in
terest thereon will begin Nov. l., 1884, and
bidders will be required to pay accrued in
terest at the rate of per cent. on the face
value Of their bonds from Nov. / to the
date or dates of payment. The total issue
of bonds in pursuance of this notice will
not exceed the sum of $50, 100000