Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1894-11-15
A BOND ISSUE.
The Secretary of the Treasury ID.
sues a Gall for Bids.
The AMOUNT TO Be FIFTY MILLIONS
The Denominations Of the Bonds VIII BE
Fifty Dollars and Upwards What
Bidders Are Required
to Do.

WASHINGTON, Nov. 14.-Secretary
Carlisle, late yesterday afternoon, Is
sued his call for bids for $4,000, 900 8
per cent ten year bonds, interest to be
paid in coin, which is interpreted to
mean gold. The only material changes
made in the present call from that Is
sued January IA last are the omission
OF the upset or minimum price, which
would be accepted and the notice that
the proposals for the present issue must
be sealed 1t Is confidently expected
at the treasury department that an
amount will be realized considerably in
excess of that received on the February
issue. This expectation is based on the
fact there are exceptionally large
amounts of money now lying idle
and seeking investment in the
honey centers of the country,
and upon the further fact the
February issue is now quoted at slls.5O,
or about 2 per cent. above the price
which it would yield at 8 per cent.
From the last issue there was realized
SIS, $50 9l763, and of this amount $751;
s5O,sG4.2l was in gold coin, s., $40, 420
in gold certificates and $3.50. 20 in other
money which the sub-treasuries were
compelled to take in making change
While these amounts were actually
paid into the treasury in gold or Its
equivalent, very considerable amount
OF gold was withdrawn from the
sub-treasuries for the express pur.
pose of using it again in pay
ing for the bonds. The exact
amount thus withdrawn cannot be
ascertained, but the best knowledge
obtainable is that it Appropriated sl5,.
100000. With view Of more exact
estimate Of the amounts which may be
withdrawn between now and the set.
Element Of all accounts under the call
the sub-treasuries will from this date
keep q record Of all deposits Of legal
tenders made in exchange for gold and
the names of the firms or persons max.
ing them. The following is the secre.
tary's circular calling for bids:
TREASURY DEPARTMENT., WASHINGTON, Nov.
H. 1884 BY virtue Of tho authority contained
In The act Of congress entitled IAN Act to Pro-
vide for the Resumption Of Specie Payments"
approved January II, 1879, the secretary Of the
treasury hereby gives public notice that sealed
proposals will DO received ut the treasury de.
)lrtment, Office Of the secretary, until 10
o'clock noon, Oh the eth day OF November,
s!I, for United States per cent. bonds, In
','her registered or coupon form, dated Febru-
ny !, 1874 redeemabe In coin at the pleasure
II the government after ten years from the
late OF their Issue, and bearing interest pay
bic quarterly, In coin, ct the rate Of 5 per
cnt per annum.
Bidders whose proposals are accepted will
10 required to pay 70 per cent in gold coin, or
oidccrtfcatesu upon the amounts OF their bids
y soon rs they receive notice Of the acceptance
I su'h bids, AMI to pay In like coin or certlf-
atcs an additional 20 per cent. at the eyplra-
ION OF each ten days thereof, until the whole +,
paid but they may, at their option, pay the
ntlre amount Of their bids when notified Of a
cceptance Or at any time when on INSTALL
ienl is payable. The first payment, however,
0 less than 70 per cent, must be made when
lie bidder receives notices Of the acceptance
his proposal.
The denominations Of the bonds will be 40
nd upwards, and bidders will in their pro- n
osals, state the denominations desired, Ii
neither registered or coupon. the price which 81
le bidder proposes to pay, the place where II b
desired the bonds shall be delivered and the ii
flce whether that OF the treasurer OF the
nited States or an assistant treasurer where
will be most convenient for the bidder to de-
'sit the amounts Of his payments
The bonds will be dated February |, 1894, In
der to make the proposed issue uniform as
date with the existing issues; but interest
ercon will begin November |, 1894, and bid
rs will be required to pay accrued interest !
the rate OF } per cent. on the face value Of 4
cir bonds from November to the date or !
ties OF payment. The total issue of bonds, in B
issuance OF this notice, will not exceed the 3
m Of ti0,0O)0O)
The secretary Of the treasury hereby ex- .
essly reserves the right to reject any or all
rs.
All proposals should be addressed to the Sec Il,
lary Of the treasury, Washington D. O., and VI ".
ould be distinctly marked Proposals for the ~ ~
rchase OF 8 per cent bonds" ~
Blank forms for proposals may be had on ap- =.
cation to the secretary OF the treasury -
J. G. CARLISLE m,
Secretary OF the TREASURY