The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1894-01-18
He OFFERS The BONDS
Secretary Carlisle Issues His Call for
Subscription;
DEMOCRATS OPPOSING 1T
The judiciary Committee Not In
Favor OF the Bond lssue-The
Plan Presented by Sibley
of Penns ylvanla.

WASHINGTON. Jan. l7.--Secretary Car
Isle has issued the following circular in
viting proposals for 5 per cent. bonds;
"By virtue Of the authority contained in
the act entitled An act to provide resump-
ton Of specie payment 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 S5o,Oo0,0o0, in either registered or
coupon form, in denominations of $50 and
upwards, redeemable in coin at the
pleasure of the government after 10 years
from date of issne and bearing interest
payable quarterly in coin, at the rate of 5
per cent. Proposals for the whole or any
part of these bonds will be receiv ed at tho
treasury department until u o'clock noon,
the first of February, 1881. Proposals
shall state the amount of bonds
desired, whether registered or
coupon, and the premium which the sub
scriber proposes to pay. As 500 n as prac-
ticable after the lst of February allot-
ments of bonds will be made 10 the high
est bidders therefor, but no proposal will
be received at a lower price than 117,22S,
which is equivalent to a Sper 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 al
loted pro rata. Notice of the date OF the
delivery of the bonds will be sent the sub
scribers to whom allotments are made as
soon as practicable, and within 10 days
from the date of such notice subscriptions
must be paid in United States gold
coin 10 the treasurer or such assist
ant treasurer of the Unitod States as the
subscriber has designated, and II not SO
paid, the proposal may be rejected. The
bonds will be dated Feb. |, 1s94, and when
payment is made therefor, as above, the
accrued interest on both principal and
premium from Feb. 1. 1894, TO the date Of
payment at rate of interest realized to
the subscriber on his investment, will be
added. All proposals should he addressed,
Secretary of the treasury, Washington,
d. c. and be distinctly markrd proposals
for subscriptions to per cent. bonds j.
G. Carlisle, secretary"
Allison, a member of the senate finance
committee, said congress ought to have
been called upon by the secretary of the
treasury to take UP the bond question be-
fore the tariff, as the former was more
pressing. The secretary did not come 10
the senate finance committee until after
the house had been buttoned up a month
by the tariff bill and could take no action.
The appointment of De Almond of Mis-
souri, a member OF the house judiciary
committee makes the democratic MEN,
bership of that committee almost unit
against the bond policy.
The subcommittee OF the judiciary
committee, to which was referred the
resolution Of Representative Bailey stat.
ing that the secretary of the treasury has
no right to issue bonds to supply the cur
rent treasury deficit, held meeting to-
day. Representative Goodnight, men,
her of the subcommittee, decided to
confer with the secretary of the treasury.
before voting on the resolution and in Or
der to enable him to do SO, the committee
adjourned till tomorrow. This does not,
however, delay the progress Of the
committee, because q full committee
could not receive Its report before the reg
ular meeting Friday next. There seems
to be no doubt that the subcommittee
will make favorable report on the rcso-
luton.
Sibley, democrat, Pennsylvania, has
prepared bill TO pay the pensions in a
new issue of 2-per cent. bonds. He pro-
poses to offer it in the house in case bill
is presented for general issue of bonds.
The bill is designed TO give pensioners the
benefits usually accruing from bonds and
20 give the government ready means of
meeting its pension obligations. The
plan is 10 make them of denominations of
500 to 500 and make them legal tender.
which would allow them 10 circulate as
money. HIS plan contemplates the issue
of such bonds until the amount reaches
$50 per capita for the population OF the
country.