Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1895-04-24

This agreement, entered into the 9Th
day of February, 1895, between the sec
retary Of the treasury of the United
states, OF the first part, and Messrs.
August Belmont & Co., of New York, c ,
behalf OF Messrs. N. NJ. Rothschild q
Sons of London, England, and them
selves; and Messrs. ]. p. Morgan G. Co,
OF New York, on behalf of Messrs. ]. S
Morgan &c Co, of London, and them
selves. parties of the second part, wit
nesseth:
whereas, II is provided by the re-
Vised statutes of the United States (sec-
tion 3iOO) that the secretary OF the
treasury may purchase coin with any
oi the bonds or notes of the United
States authorized by law, at such rates
and upon such terms as he may deem
advantageous to the public interests;
ana the secretary of the treasury now
deems that an emergency exists in
which the public interests require that
as hereinafter provided, coin shall be
purchased with the bonds of the United
states or the description hereinafter
mentioned, authorized to be issued
under the act entitled, "An Act to Pro-
vide for the Resumption of Specie Pay
ments,' approved Jan. IA, 1875, being
ponds OF the United States described in
an act OF congress approved July IA,
ISO' entitled, AN Act to Authorize the
Refunding of the National Debit" now,
therefore, do the said parties OF the sec
ond part hereby agree to sell and de-
liver to the United States $500 900
ounces OF standard gold coin Of the
united States, at the rate of $1780441
per ounce. payable in United States 4
per cent thirty-year coupon or regis
tered bonds, said bonds to be dated
Feb. j, 1895, and payable at the pleas
ure OF the United States after thirty
years from date. issued under the acts |
or congress of July II, 1870, Jan. 20. |
1871. and Jan. IA, 1875, bearing interest
at the rate of per cent per annum
payable quarterly.
First. Such purchase and sale OF
gold coin being made on the following
conditions
l. At least one-half of all coin de-
nVered hereinunder shall be obtained
IN and shipped from Europe, but the
shipments shall not be required to ex-
ceed 100000 ounces per month, unless
the parties OF the second part shall con-
sent thereto. :
Z All deliveries shall be made at any
OF the subtreasuries or at any other
legal depository of the United States.
j. All gold coin delivered shall be re- |
ceived on the basis of 25 $40 grains of |
standard gold per dollar IL within the
limit of tolerance.
4. Bonds. delivered under this con-
tract are to be delivered free of ac-
crued interest, which is to be assumed |
and paid by the parties of the second |
part at the time of their delivery to
them.
Second. Should the secretary of the
treasury desire 10 offer or sell any
bonds of the United States on or be-
fore Oct. 1, 1895. he shall first offer the
same to the parties of the second part:
but thereafter he shall be free from
every such obligation to the parties of
the second part.
Third. The secretary of the
treasury hereby reserve the right
within ten days of the date hereof. in
case he shall receive authority from
congress therefor, to substitute any
bonds Of the United States. bearing 8
per cent interest, of which the prin-
cipal and interest shall be specifically
payable in the United States gold coin
OF the present weight and fineness. for
the bonds herein alluded to: such 2 ner
cent bonds to be accepted by the par
ties or the second part at par-that is,
at $1S.60465 per ounce of standard
gold.
Fourth. No bonds shall be deliver
cd to the parties of the second part. or
either of them, except in payment for
coin from time to time received here
under: where, upon the secretary of the
treasury of the United States shall and
will deliver the bonds as herein pro-
vided, 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 pur-
chase OF such coin, the parties of the
second part and their associates here
under assume and will bear all the ex-
pense 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 treas
ury of the United States against the
Withdrawals Of gold, pending the COM
plete performance of this contract.
In witness whereof. the parties hereto
have hereunto set their hands in five
parts. this Sth day of February, 1895.
]. G. CARLISLE,
Secretary of the Treasury.
AUGUST BELMONT & CO.,
On behalf OF Messrs. N. NJ. Rothschild
& Sons, London. and themselves.
J. p. MORGAN G CO.,
On behalf of Messrs J. S Morgan q ~