Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-13
BONDS TO-. BE ISSUED
Circulars Calling for Subscriptions May Be
Out To-day.
Thought the Issue VIII he the Same
as That of Febrnary-Rate
of Interest.

There is to be another issue OF bonds.
There is no longer any doubt on that
point. The only questions not finally de-
termined up to the assembling OF the cab
met today were the amount Of the issue
and the date of opening books for SUBJ
scription to the loan at the Treasury De-
partment. These and other important de-
tails were finally considered at the cabinet
meeting, and the result will be made
known in treasury circular inviting pro-
posals for the purchase of bonds. which
will be issued either this afternoon or to-
morrow
1t is fully realized that the gold reserve
has now reached 4 point where 1t could be
completely wiped out by few heavy snip
ments. ana 1t is thought to be the part or
wisdom not t, wait until the gold in the
treasury Is prac tically exhausted before
making an effort to recoup 1t.
On Wednesday last Mr.. Carlisle, AFTER
several consultations with the President:
wrote to President Stewart of the United
States Loan and Trust Company or New
York. reciting the law as to the issue OF
bonds. and asking his opinion as to which
class of bonds could be placed atthis time
to the greatest advantage TO the govern
ment The result Of this correspondence
was that the President and Mr. Carlisle de-
cided tc make the forthc Oming issue the
same in amount and rate and in nearly all
other important particulars the same as
the February issue. in view or these
facts, 1t is regarded as somewhat singular
that Sec -etary Carlisle on Saturday should
have made the state!s emit attributed to
him, that no i'm mediate issue OF bonds was
in contemplation.
From the best information obtainable
at this writing 1t Is believed that the pro-
posed circular will give notice that the
Secretary of the Treasury offers for public
subscription an issue of bonds TO the
amount of s5OOOO.OOO. in either registered
Or f.,~r,, in, n o. n
lows: Coupon bonds, $50 500 and S1,WO;
registered bonds, $50, 800. $1,000 and $lO.-
600 These bonds, like those issued in Feb
ruary last will be "redeemable in coin at
the pleasure of the government, after ten
years from the date of their issue, and
will bear interest at the rate of per cent
on 3 per cent basis, payable quarterly In
coin.
AS with the former issue, gold certifi-
Gates will be received the same as gold
coin in payment of subscriptions. In order
to insure against Interference on the part
of Congress 1t has been deemed advisable
to fix a day prior to the day of meeting
of Congress, December 3, for opening the
proposals and making the allotments to
the successful subscribers. The last week
in the month will probably be fixed upon
for that business, with the chances strong
ly favoring the selection of Saturday, De-
cember l, because of the manifold advan-
tages of that day in keeping the interest
accounts OF the subscribers. The Secre-
tary OF the Treasury, WILL as usual, re-
serve the right to reject any and all pro-
posals not perfectly satisfactory.
A Conferences In New York.
NEW YORK, November 13.-Assistant
Secretary of the Treasury w. +. Curtis
has been in conferences today with Presi-
dent John II. Stewart OF the United States
Trust Company, probably on tho new loan
After the conference Mr.. Stewart was
asked il he coul6 say when the call for
OEdS would be issued
Il cannot say anything" he replied. 'Ths
! SHALL" m
you mean the news Will be received
from Westinghouse
Yes" al,