The Caucasian. (Clinton, N.C.) 188?-1913, 1894-01-25

FFh&fat@ft ~t~r t1 the h.mh l~sue~.-
The task"a ssagr~..ra.a Approve. nas
cth-F g"agsv~esa~a dsaowns~ tA~ .ssi.a.
SECRETARY Carlisle asked congress
lin his annual rrportl to give him
authority to issue honda But he
has not waited to see What action
congress would take. lie has taken
the bit iii has mouth and issued the
bonds under al old Republican Law.
We publish below his official bond
order In full:
Treasury Department.
o1ice Of the Secretary.
Washington. ID. c.. Jan. Il, 1894.
By virtue Of the authority con-
tanned in the act entitled AN act 10
provide for the resumption of specie
payments" approved January Il,
1879, the Secretary of the Treasury
hereby offers for public subscription
an issue of bonds of the United
States TO the amount Of S50,000,o0
in either registered or coupon form,
IN denominations Of $50 and up
wards rcdcemahle in coin nj the
| pleasure of the Government after ten
years from the date of their issue,
and bearing interest, payable guar
terly In coin, at the rate of , per
cent per annum.
Proposals tor the whole or any
part of these bonds Will be received
At the Treasury Department, Office OF
the Secretary, until II O'Clock noon,
on the first day OF February, 1894.
Proposals should state the amount
desired, whether registered or coup
on, and the premium the subscriber
proposes to pay, the place where IL
is desired that the bonds shall be de-
! lvcred, and the office, whether that
of the Treasurer Of the United States
or an Assistant Treasurer of the
| United States, where it will be most
convenient for the subscriber 10 de-
/ Posit the amount of his subscription.
/ Failure TO specify the above particu-
lars may cause the proposal TO be re-
/ jected.
| AS soon as practicable, after the
lst day OF February, 1894, the allot
ment of bonds will be made TO the
| highest bidders therefor, but no pro-
posals will be considered at lower
price than HEB, which is the
( equivalent Of 3 per cent. bond At
/ par, and the right 10 reject any and
all proposals is hereby expressly re-
served. In case the bids entitled to
allotment exceed the bonds TO be is
sued, they will be allotted pro rata.
Notices Of the date of delivery of
4 the bonds will b. sent TO the subscrl-
bers to whom allotments are made as
soon As practica bile, and within ten
DAYS from the date of such notice
subscriptions must be paid In United
States gold coin TO the Treasurer or
such Assistant Treasurer of the Uni
ted States as the subscriber has des-
ignated, and If not SO paid the pro-
posal may he rejected.
The bonds will be dated February
|, 1894, and when payment is made
therefor, "a above. accrued interest
on both principal and premium from
February /, 1894, 10 date Of pay
ment, at the rate Of interest realized
TO the subscriber on his investment,
will he added.
All proposals should be addressed
TO the Secretary of the Treasury,
Washington, ID. c., and should be
distinctly marked Proposals for
subscriptions to , per cent. bonds."
}. q. CARLISLE, Secretary.
OF course all cuckoo congressman
and senators approve of the action
of Secretary Carlisle or at least they
dare not express their honest convic~
tions to the contrary If they have any.
But those whose mouths have not
been shut with patronage or by some
other kind of argument, are talking
out.
WHAT CONGRESSMAN BAILEY THINKS.
Representative Bailey, of Texas.
when seen by a reporter TO get his
opinion of the bond issue said:
Speaking for myself, and am
sure that | fairly represent the sent
iment of nearly al the men who op-
pose the issue of bonds. am as an
xious as Mr.. Carlisle that this Gov
} ernment shall III ,et every obligation
promptly, but can see neither ne
cessity nor wisdom in selling inter-
bearing bonds when we have
more than fifty millions profit in the
silver bullion purchased under the
Sherman law, which is now an idle
asset of the Treasury and which can
easily be utilized to cover the exist
ing deficiency. AS between using
something which we already have
and paying interest on something
which we must borrow. it does not
seem to me that a prudent business
man would hesitate long in making
his choice"