The Providence news. (Providence [R.I.]) 1891-1906, 1894-01-18
TREASURY DEPARTMENT.
OFFICE OF the SECRETARY,
WASafNOTON. Id. O.. Jan,

TREASURY DEPARTMENT.
OFFICE OF THE SECRETARY,
WAsafNOToS, ID. C., Jan. IL. 1891.
BY virtue of the authority contained in the
act entitled IAN act 10 provide for the resump-
tion of specie payments" approved Jan. IL,
1875. the secretary OF the treasury hereby
offers for public subscription an issue OF bonds
of the United States 20 the amount OF S5o.-
O00,0D. in either registered or coupon form. in
denominations OF $50 and upward, rcdeemable
in coin at the pleasure of the government after
10 years from the date of their issue, and bear
ing interest. payable quarterly, in coin, at the
y rate of A pcr -eeat per annum-
Proposals for the whole or any part OF these
bonds will be received at the treasury office
until L. O'Clock noon on the first day OF Feb
ruary, 1884, Proposals should state the
amount of bonds desired, whether registered
or coupon, and the premium which the SUBJ
scriber proposes TO pay, the place where it Is
desired that the bonds shall be delivered, and
the Office, whether that Of the treasurer of the
United States or an assistant treasurer or the
United States, where IL will be most conven-
tent for the subscriber 10 deposit the amount
of his subscription. Failure TO specify the
above particulars may cause the proposal TO
be rejected.
Equal to Three Per Gents.
As soon "a practicable after the first day of
February, 1894. the allotment of bonds will be
made 10 the highest bidders therefor, but no
than Sll7.es3, which is the equivalent OF a 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 issued, they Will be
allotted pro rata.
Notice OF the day of delivery Of the bonds
will he sent 10 the subscribers To whom allot-
ments are made as soon as practicable. and
within ten days from the date OF such no.
tice subscriptions must bo paid in United
States gold coin 10 tie treasurer or such
assistant treasurer of the United States as the
subscriber has designated. and II not 30 paid
the proposal may be rejected.
The bonds will be dated Feb. ]. 1894. and
when payment is made therefor, above,
accrued interest on both principal and pre-
mium from Feb. 10, 1894, 10 date OF payment. at
the rate of interest to the subscriber on his in
vestment. will he added. All proposals should
be addressed 10 the secretary of the treasury,
Washington. ID. c.. and should be distinctly
marked Proposals for subscriptions 70 per
cent bonds" j. q. CARLISLE, Secretary.
Forced Into It.
Secretary Carlisle vas forced into this
this issue by the apparent improbability
of securing immediate action by congress
authorizing ahorter term and lower rate
of interest.
It seemed to be a matter of regret
among treasury officials that some other
step could not be taken by which shorter
term obligations could not have been Is
sued, but these bonds are the shortest he
can issue under the act of 1875.
Anticipatory OF this action by the Sec
retary preparations have been made by
the bureau of engraving and printing to
prepare the bonds. There will be no de-
lay in turning out the blanks as fast as
may be necessary. Fifteen offers, aggre-
eating in value 100000 900, have been
awaiting the secretary's pleasure. One of
these was for 81, ,000, 900.
Owing to the late hour at which the
bonds were printed it was impossible for
. sufficient number to be run of to send
to the various sub-treasuries throughout
the country. They will be sent out today
30 that they may be posted and furnished
to persons interested.