The advocate., 1895-02-20

entitled, "An ROs TO authorize Che refunding
Of the national dsbs."
Now, therefore, Che said parties Of the
second part hereby agree 10 sell and deliver
TO the United States So million ounces Of
standard gold coin Of the United States at
the rate Of Sl7, ,SO4Al per ounce, payable in
United States 4 percent thirty.year cOu-
pom, or registered bonds, said bonds TO be
dated February 1, 1895, and payable at Che
pleasure Of Che United States after thirty
years from date issued under the acts Of
congress Of July IA, 1870, January 20, 1871,
and January IA, 1875, bearing interest At
the rate of per cent. per Rnnum quarterly.
First-Suoh purchase and sale Of gold
coin being made on the following oondi-
tions: (1) Az least One-hSlf Of all coin de-
livered hereinundsr shall be obtained in
and be shipped from Europe, but the ship
ment shall not be required 10 exceed S00,.
900 ounces per month, unless the parties Of
the second part consent thereto. (9 All
deliveries shall be made ct any Of the sub
treasures, or al any other legal depository
Of the United States. CS) All gold coins
delivered shall be secured on the basis Of
twenty-five and eisht.tenthS Of grains Of
standard gold per dollar II within limit Of
tolerance. (4) Bonds delivered under HhiS
contract are 10 be delivered free Of accrued
interest, which is 10 be assumed and paid
BY the parties Of the second part nj che
time OF their delivsranos 20 them.
SsOond--Should the secretary Of the
treasury desire 20 offer or sell any Of che
bonds Of the United States on or before
the LIST of October, 1895, he shall Hrst offer
che same to the parties Of che second part,
but thereafter he shall be free from every
suoh obligation TO the parties Of the second
part.
Third The secretary Of the treasury
hereby reserves the right within ten days
from date, in case he shall receive authority
from congress therefor, 10 substitute any
bonds Of the United States bearing per
cent. interest, Of which the principal aud in
tereSb shall be specifically payable in United
States gold coin Of the present weight and
flneness for the bonds herein alluded 10;
such per cent. bonds TO be accepted by she
parties Of the second part at par, 1. o., at
Sls 6O465 per ounce Of standard gold.
FouPth-No bonds shall be delivered TO
the parties Of the second part or either Of
them except In payment FOR coin from time
70 time received hereunder, whereupOn the
secretary of the treasury Of the United
States shall and will deliver the bonds as
herein provided, at such places aS shall be
designated 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 ell 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 al legiti-
mate efforts TO protect the treasury Of the
United States against Withdrawals Of gold
pending the complete performance Of this
contract.
In witness whereof the parties hereunto
have hereuntO set their hands In Ave parts
this 9Th day Of February, 1895.
LSignedl J. g. CARLISLE,
Secretary Of the Treasury,
August BELMONT & Co.,
On behalf Of MeSsrs. N. NJ. RothsOhild 4
Son, London, and themselves.
J. g. MORGAN q Co.,
I'm hahalP ~ Moaaya Mopvan q To