The herald., 1894-11-14
An Issue of S5O,0OO,0OO to
Be Made.
Proposals for That Amount In.
yited.
They Are to Run 10 Years and Pay
s Per Cent.
No Upset Price Named in tho Secretary
Circular-Ths Whole Issue Ex-
peoted to Be Eagerly
Gobblsd UP.
By the Associated Press.

AsnINaToN, NOV. l3.-Secfetary Car-
lisie late this afternoon issued his call
for bids for $50. 100000 Of s per cent 10
year bonds, interest to be paid in coin,
which is interpreted to mean gold. The
only material change made in the pres
ent call from that issued January 14th
last, are the omission OF the upset or
minimum price which would be accept
ed and the notice that proposals for the
present issue must be sealed.
1t is confidently expected at the treas-
ury department that an amount will be
realized considerably in excess Of that
received on the February issne.
This expectation is basod on
the fact that there are exceptionally
large amounts OF money now lying idle
and seeking investment in the financial
centers Of the country, and on the fur
ther fnct that the January Issue is now
quoted at $llS so, or about 2 per cent
above the price which would yield per
cent. From the last issue there was
realized $58 660,9l7.63. and Of this
amount $52,850. .264.24 WAS in gold;
$3.50 ,420 in gold certificates and
s233.39 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OF gold was Withdrawn from the sub
treasures for the express purpose OF
| using it again in paying for bonds. The
exact amount thus withdrawn cannot
be ascertained, but the best knowledge
obtainable is that it approximetes $l5.-
000, 200. With a view to q more exact
estimate of the amounts which may be
withdrawn between now and tho settle-
ment of all accounts under the call, the
eub-treaeuries will from this time keep
record of all deposits OF legal tenders
made in exchange for gold and the
names OF the firm or persons making
them. The following is the secretary's
circular calling for bids:
By virtue of the authority contained
in the act OF congress entitled An Act
to Provide for the Resumption of Specie
Payments. approved January 4, 1885,
the secretary of the treasury hereby
gives public notice that sealed proposals
will be received at the treasury depart
mont, Office OF the secretary, until II
o'clock noon on the Oath day of Novem-
ber, 1894, for United States 5 per cent
bonds, in either registered or common
form. dated February, 1894, redeemable
in coin at the treasury of the govern
mont after 10 years from the date of
their issue and bearing interest, pays-
BILE 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 in
gold coin or gold certificates upon the
| a 20 Of hoir hau
receive notice of the acceptance OF such
bids, and to pay in like coin or certifi.
Gates an additional 20 per cent at the
expiration of each 10 days thereafter un-
til the whole 10 paid; but they may at
their option pay the entire amount Of
their bids when notified of the accept.
snce, or at any time when an install.
ment 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 $50 and upwards, and bidders will,
in their proposals., state the denomina.
tions desired, whether registered or cou-
pom, the price which the bidder pro-
poses to pay, the place where it is de-
sired the bonds shall be delivered, and
the office, whether that of the treasurer
OF the United States or an assistant
treasurer, where it will, be the most
convenient for the bidder to deposit the
amounts of his payment.
The bonds will be dated February L,
1894. in order to make the proposed
issue uniform as to date with the exist
ing issues; but interest thereon will be-
gin November ], 1894, and bidders will
be required to pay accrued interest at
the rate of per cent on the face value
of their bonds from November l to the
date or dates Of payment. The total
issue of bonds, in pursuance OF the
notice. will not be to exceed the sum of
$50 100000.
The secretary OF the treasury hereby
expressly reserves the right to reject any
or ell bids.
All bids and proposals should be ad-
dressed to the secretary OF TIE treasury,
Washington. d. c., and should be dis
tinctly marked Proposals for the pur.
chase of five per cent bonds.' Blank
forms of the proposals may be had on
application to the secretary of the treas.
ury.
(Sigped) J. G. CARLISLE,
Secretary of the Treasury.