Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1895-02-23
WAKEENEY. KANSAS, SATURDAY. FEBRUARY %, 1885
carIlsIe's Bond Contract.

The full text of the bond contract 10 as
| follows:
This agreement, entered into this 9th day
| of February, '95, between the secretary of
the treasury, of the first part, and Messrs.
| August Belmont d. Co., of New York, on be-
half of Messrs. Rothschilds IL Sons, of Lon
| don, Eng, and themselves and Messrs. J. B.
| Morgan d Co., of London, and themselves,
| parties of the second part. Witnesseth: !:
| Whereas, it ia provided by the revised stat
| utes of the United States (section 3700) that
| the secretary of the treasury may purchase
coin with any OF the bonds or notes of the
| United States authorized by law at such
rates and upon such terms as he may deem
EnOst advantageous to the public interests !;
and the secretary of the treasury now deems
that an emergency exists in which the public
interests require that, as hereinafter pro-
vided. coin shall be purchased with the bonds
of the United States of the description here
matter mentioned. authorized to be issued
under the act entitled IAN act to provide
for the resum ption of specie payments"
approved January IA, 1875, being bonds of
the United States described in an act of con-
gress approved July IA, 1870, entitled tAR
act to authorize the refunding of the national
debt"
Now, therefore, the said parties of the sec
ond part hereby agree to sell and deliver to
the United States 3,5CO.02O ounces of stand
ard gold coin of the United States at the
rate of $l7.80441 per ounce, payable in
or registered bonds, said bonds to be dated
February l, 1895, aud payable at the pleas
ure of the United States after thirty years
from date, issued under the acts of congress
of July H. 1870, January 20, 1871, and Jan
uary IA, 1875, bearing interest at the rate of
4 per cent per annum, payable quarterly.
First-Such purchase and sale of gold coin
being made ON the following conditions:
1)-At least one half of all coin delivered
hereinunder shall be contained in and
shipped from Europe, but the shipments
shall not be required to exceed 300, COO ounces
per month, unless the parties of the second
part consent thereto.
(2)-All deliveries shall be made at any oI
the subtreasuries at any other legal de-
pository of the United States.
Gall gold coins delivered shall be Sc
cured on the basis of 25.8 grains of standard
gold per dollar, if within limit of tolerance.
(4)-Bonds delivered under this contract
are to be delivered free of accrued interest; !;
which is to be assessed and paid by the par
ties of the second part at the time of their
delivery to them.
Second-Should the secretary of the treas
ury desire to offer or sell any of the bonds
of the United States or before the 1st of
October, 1895, he shall first offer the same
to the parties of the second part; but there
after he shall be free from every such obli-
cation to the parties of the second part.
Third-The secretary ot the treasury re-
serves the right within ten days from date,
in case he shall receive authority from con-
Rf6SS IutE6ICTS " SUBSTITUTE any UOuQS Vi
the United States bearing per cent in
terest of which the principal and interest
shall be specifically payable in United
States gold coin of the resent weight and
fneness. for he bonds herein alluded to F.;
such 3 per cent bonds to be accepted by the
parties of the second part at par; l. e., at
SIS. .60465 per ounce of standard gold.
Fourth-No bonds shall be delivered to
the parties of the second part or either of
them except in payment for com from time
to time received hereunder, whereupon the
secretary of the trea ury of the United States
shall and will deliver the bonds as herein
provided at such places as shall be desig-
mated by the parties of the second part.
Any expense of delivery out of the United
States shall be assumed and paid by the
parties of the second part.
Fifth-In consideration of the purchase
of such coin the parties of the second part
and their associates hereunder assume and
will bear all the expenses and inevitable loss
of bringing gold from Europe hereunder,
and as far as lies in their power will exert
all financial influence and will make all
legitimate efforts to protect the treasury
of the United States against Withdrawals of
gold pending the complete performance of
this contract.