St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-11-14
BOND ISSUE ORDERED.
Secretary Carlisle Calls for
Bids on Another $5O,O00,-
600 5 Per Cents.
ZIG PREMIUM EXPECTED.
Amount Will Probably Far
Exceed That Of the Feb
ruary Issue.
ALL PAYABLE IN GOLD.
The Issue Already Having a
Favorable Effect on
Finances.
ZIG PREMIUM EXPECTED.
ALL PAYABLE IN GOLD.

WASHINGTON, Nov. Is. - Secretary
Carlisle late this afternoon issued his
call for bids for S5o,OOO,OOO 5 per cent
ten-year bonds, interest 10 be paid in
coiu. which is interpreted to mean gold.
The only material changes made in the
present call from that issued Jan. ii
last are the omission of the upset or
minimum price which would be ac-
cepted, and the notice that the proposals
for the present issue must be sealed.
Ii is confidently expected at the treas
nry department that an amount will be
realized considerably in excess of that
received on the February issue. This
expectation is based on the fact that
there are exceptionally large amounts of
money now lying idle and seeking in
yestment in the money centers of the
country, and upon the further fact that
The February Issue Is now quoted at
1850, or about 2 per cent above the
price which would yield per
cent From the last issue there
was realized S5S.660, 917 63, and of this
amount $50, 0,S5D, 264.2 was in gold coin.
$50, 420 in gold certificates and S233. 80
In other money which the subtreasuries
were compelled to take in making
change. While these amounts were
actually paid into the treasury liz gold
or its equivalent, very considerable
amount of gold was withdrawn from the
subtreasuries for the express purpose of
using ii again in paying for the bonds.
The exact amount thus withdrawn can
not be aScertained, but the best knOwl-
edge Obtainabe is that it Appropriated
So. 900. coo. With 4 view Of a more exact
estimate of the amounts which may De
withdrawn between now and the settle
ment Of all accounts under the call, the
subtreasureS 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 secretary'S
circular
Calling for Bids:
Treasury Department, Washington,
Nov. 13, 1894 BY virtue of the au-
tLOrity contained I'D the act of congress
entitled An act 10 provide for the re-
sumption of specie payments, "apprOved
Jan. Il, 1875. the secretary of the treas
ury hereby gives public notice that
sealed proposals will be received at the
treasury department, office of the sec
Tetary, until II O'clock noon on the oath
DAY Of November, 1894. for United States
per cent bonds. in either registered or
coupon form, dated Feb. /, 1894, re-
deemable 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
5 per cent per annum.
Bidders whose proposals are accepted
will be required to pay 20 per cent i'll
. gold coin, or gold certificates, upon the
amounts of their bids as soon as they
receive the 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 thereaft-
er until the whole is paid; but they NAV
at their option pay the entire amount of
their bids when notified of acceptance,
or at any time when an instalment is
payable. The first payment, however,
OF not less than 20 per cent, must be
made when the bidder receives notice
of the acceptance of his proposal.
The denominations of the bonds will
be 500 and upwards, and bidders will,
in their proposals, state the denOmina.
tiOns desired. whether registered or
coupon, the price which the bidder pro-
poses TO pay, the place where it is de-
SIEeG llldI lue DOnQS snail De 0eIlVer6d.
and the office. whether that of the treas
urer of the United States, or an assist
ant treasurer of the United States,
where it will be most convenient for
the bidder to deposit the amounts of his
payments.
The bonds will be dated Feb. l. 1894.
in order to make the proposed issue
uniform as TO date with the existing is
sues; but interest thereon will begin
Nov. l, 1894. and bidders will be
required TO pay accrued interests
at the raie 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 $780,
000.000.
The secretary of the treasury hereby
expressly reserves the right to reject
any and all bids.
All proposals should be addressed to
the secretary of the treasury, Washing
ton, ID. O.. and should be distinctly
marked: Proposals. purchase of per
cent bonds" Blank forms for pro.
posalS may be had on application to the
secretary Of the treasury.
JOHN q. CARLISLE,
Secretary of the Treasury.