Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1894-11-17
BONDS TOBE ISSUED
The Expected Comes 10 Pass in
The Naticn Affairs.
THE TEXT or The CIRCULAR
II Gs EriIe.t In che sf5. 700 900
Paid Tow "a ts- JsDaayy Issue
wiii ne es-a Again.


Washington. Nov. 13.--secretary Car
Isle this afternoon issued a call for bids
for $5o.eoo0o0 of s per cent 10 year
bonds, Interest TO be paid In coin"
which In interpreted 10 mean gold
The only material changes made In the
present call from that issued january
IA last, are the omission OF the upset
q or minimum price. which would be
accepted. and the notice that proposals
for the present issue must be sealed.
II is confidently expected at the treas
ury department that an amount will
be realized considerably In excess OF
that received on the February issue
This expectation is based upon the
fact that there are exceptionally large
amounts Of money now lying idle and
seeking Investment In the money CEN
ters OF the country. and upon the fur
ther fact that the january issue is now
quoted at $1is.50. OF about per cent
above the price which would yield per
cent. From the last issue there was real
tied s5s.sso9i7.63. and of this amount
So. $50, ,264.24 was In gold S5,si0,s20 In
gold certificates and $233.3eo In other
money which the sub-treasurics were
compelled TO take In making change.
ROBBING PETER TO PAY PAUL.
While these amounts were actually
paid into the treasury In gold or it's
equivalent. considerable amount of
gold was withdrawn from the sub
treasures for the express purpose OF
using 1t again In paying for these
bonds. The exact amount thus with
drawn can not be ascertained, but the
best knowledge attainnble is that II
approximates l5,O00.O00. With q view of
more exact estimate OF the amounts
which may be withdrawn between now
and the settlement of all accounts under
the call, the sub-treasuIies will from
this date keep record OF all the depos-
its OF legal tenders made in exchange
for gold and the names of the firm
or persons making them. The following
IL the secretary's circular calling for
bids:
TEXT OF THE CIRCULAR.
''3y virtue OF the authority con-
aained In the act of congress entitled
An act TO provide for the resumption
of specie payments approved January
4. 1856. the secretary OF the treasury
hereby gives public notice that scaled
proposals will he received at the treas
nry department. In the office of the sec-
retary, until IL o'clock noon. on the
.24th day of November, 1894. for United
States per cent bonds. In either regis
tered or common form. dated February
1. 1894. redeemabie In coin at the pleas
are OF the government. after 10 years
from date OF their issue and bearing In
terest payable quarterly in coin. at the
rate of per cent per annum.
The bidders whose proposals are ac-
cepted win be required 20 pay 20 per
cent IN gold coin or gold certificates.
upon the amounts of their bids as soon
as they receive 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 there
after until the whole Ii paid. but they
may Mt their option pay the entire
amount OF their bids when notified Of
their acceptance. or at any time when
an instaliment is payable. The first pay
ment. however. on less than 20 per cent.
must be made when che bidder receives
notice OF the acceptance of his pro-
posal.
IN SMALL DENOMINATIONS.
..The denominations OF the bonds viii
be $50 and upwards. and the bidders
win In their proposals state the demon
nations desired. whether registered OF
coupon, the price which the bidder pro-
poses TO pay. the place where II is de-
sired that the bonds shall be delivered.
and the Office. whether that OF treasurer
of the United States or an assistant
treasurer. where Il will be the most con-
yenfent for the bidder 10 deposit the
amounts Of HIS payment. The bonds
win be dated February I. 1884. In order
To make the proposed issue uniform as
10 date with the existing issues. but
interest thereon win begin November
!. 1884. and the bidders win be required
10 pay accrued interest at the rate Of
per cent on the face value OF their
bonds from November 10 date. or dates
Of payment. The total issue OF bonds
will not be TO exceed the sum OF $780,
600. 900. The secretary OF the treasury
hereby expressly reserves the right 20
reject any or all bids.
..AIl bids or proposals should be ad-
dressed TO Secretary OF the Treasury.
Warrington, ID. c.. and should be dis-
tinctiy marked Proposals Tor the pur-
chase Of fise per cent bonds Blank
f0rlna Of the proposals may be had on
application TO the secretary OF the
treasury.
-. q. CARLISLE.
sssecretarv of the Treasury"