Omaha daily bee., 1894-01-19
WILL FIND A READY SALE
Offers Pouring in for the Proposed Issue Of
United States Bonds.
ONE MAN /; WILLING TO lake THEM ALL
Good Figures offered the Government
Carlisle win Not Entertain a Lump
oGer-He Wants to Make the
Subscription Popular.

WASHINGTON, Jan. ls.-Now that Secretary
Carlisle has taken action on the bond ques-
tion there is a feeling of relief among the
treasury officials, who have been viewing
with uneasiness the falling of in the gold
reserve. Printing will be pushed rapidly
but the bonds can hardly be ready for de-
livery before February l. They will bear
interest from that time, as announced by
Secretary Carlisle.
Among the large crowd Of callers waiting
TO see MIR. Carlisle today was New Yorker
who had come TO announce pers onaGy that
he was willing TO take the whole Sj1,000,000
in bonds TO be issued. A request for his
name was refused. The aggregate amount
of offers received before the circular was
issued was S40,0OO,010. All the offers SO far
made, it is said at the Treasury department,
have come from persons and firms in New
York City. One offer TO take Sl00,0 900 at Sis
has been received.
VIII Niake Public the Offer.
1t was announced at the Treasury depart
ment today that Secretary Carlisle would
make public the names of the persons offer
ing TO take the bonds, the amount they sub
scribed for or the figure they offered for
them. To make public the figures, it was
pointed out. would give late bidders an op-
portunity to offer better terms than those of
the earlier bidders IL was said unofficially,
however, that the $50, 900, 900 offer was a
the minimum premium Of Sll1 223. There is
said to be no likelihood of the acceptance of
this or any similar offer, as it is contrary to
the secretary's desire, which is TO make
the loan popular one, TO which the public
generally may subscribe. On this theory ii
is proposed 10 encourage offers for small
lots from ali sections of the country. rather
than to have the entire loan taken by few
dealers in large blocks. The idea naturally
includes the hope that small denominations
will be taken in preference to the larger ones.
This, of course, would involve the issue of
great many more bonds
1T is believed at the Treasury department,
from orders already received, that the total
offering will aggregate nearly 800 ZOO, 600,
aud that the price Will reach Sl20, making
the bonds practically bear but 2ly per cent
interest.
The issue for the present will be confined
to denominations of $50, 500 and $1,000 of
coupon bonds, and $50, 800, 81 900 and Sl0,-
600 OF registered bonds. In case il is deemed
advisable, arrangements will be made for $500
coupons and 5000 registered bonds.
Plates Are All Ready.
Tie plates for the new bonds were made
at the Bureau of Engraving and Printing
this spring by order of ex-Secretary Foster,
in anticipation of an issue of bonds during
his administration, but the plan for their
issue was finally disapproved uy President
Harrison.
The new issue Of bonds will be redeemable
in gold. Estimates made to Comptroller
Eckels by national banks show the national
banks OF New York City alone held more
gold than the treasury of the United States,
or rather than it contains free gold. In
the figures given gold certificates are in
cluded in the gold The returns in the prln-
cipal cities show: New. York, $50, 600, 600:
Baltimore, Sl,9T9000; Brooklyn, $3.50, 900;
Washington, 5000, 900; Cincinnati 81 POO, 900;
New Orleans, $3.50, 900; St. Louis, 81 400, 900:
Kansas City, Sl,0l5,000; Bnston, $1,000, 900;
Chicago, SO 100000; Philadelphia. s., 700
600: Louisville 5000, 600; San Francisco
1866, 600; Milwaukee. 5000, 900.
Treasury officials who have taken the
TO the fact tnat during the tendency of the
Walker tariff in 1851 revenues declined and
a number of loan ana bond issues were made
to keep current expenses and pay maturing
bonds.
Denied the Rumor.
A report reached the capitol tooay that
enjoined the issue of bonds as proposed by
the secretary. Clerk McKenny, when in
formed of it, said: Its a fake, pure and
simple. There is not shadow of basis for
such story
Secretary Carlisle's proposed sale of bonds
mas attracted widespread attention in con-
gressional circles. Among members of the
house comment on the secretarg's action
differs greatly. Leading members of the
Judiciary committee are disposed TO criticise
the secretary's action, in view of the fact
thai the senate has before il a resolution
designed TO prevent the issue of bonds. To
accomplish the latter object it would be
necessary to obtain additional Legislation