The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-02-14

Mps8rs. august belmont u Co., oil Now
York, on behalf Of Mos.r. n. N. Roths.
child & Sons, OF London, England, and
themselves, and Messrs. J. L. Morgan &
Co., ol London. OIL themselves, parties
Of tho second part, witnelseth:
WnE9gAs, 1t iH providod by tho 70.
vised statutay Of tho United States (ssc.
ton 3,7OJ) that tho secretary OF tho
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 rs ho may doom moit
advantageous to tho public interests
and tho secretary OF tho treasury now
deems that an emergency exists In
which tho public interests require. that
us hereinafter provided, coin shall be
purchased with !hO bonds OF tho United
State, OF descriptions herein men.
toned, authorized to bs issued under
the act entitled "Au net 10 provide for
the resumption OF specie payments
approved January II, 1875, being bonds
OF tho United States described in an act
Of Congress approved July IA, 1870, on.
tillod IAN act to authorize tho refund.
lux VI tuB uhtlnuHl ucUt.
Now, therefore, the said parties OF
the second part hereby agree to sell
and deliver to the United States thrse
million, iivo hundred thousand ounces
Of standard gold coin OF the United
States at the rate Of Sl7.S .SOi4l, per ounce,
payable in United States four per cont
,hirty-year coupon or registered bonds,
said bonds to be dated February /, 1895,
and payable at the pleasure OF the
United states after thirty years from
date isaucd under the acts OF Congress
July "a. 1870. January 2o.lS7l. and jan
uary IA, 1876, bearing interest at tho
rate OF four per cent per annum payable
quarterly.
Fir,t-Such purchase and sale OF gold
coin boing lnhdo on tho following con-
ditions:
(l). At least one.hali OF all coins de.
.livsred heroinunder shall be obtained
in aud shipped from Europe, bu. tho
shipment shall not be required to ex.
coed three hundred thousand OUNCES
per mouth. unIess the parties OF tho
second part shall consent thereto.
(2l. All deliveries shall be made at
any of the sub.treasuries or at any
other legal depository OF the United
States.
(3). All gold coins delivered shall be
secured on the basis Of twenty-five and
eight-tenths grains Of standard gold per
dollar, il within limit Of tolerance.
(4. Bonds delivered under this con-
tract are to be delivered tree Of accrued
interest, which is to be assumed aud
paid BY the parties of tho second part at
tho time OF their delivery to thcm.
Second-Should tho secretary Of tho
treasury desire to ofer or sell any OF
the, bonds OF tho United States on or
before the frs. OF October, 1895, he
shall first o1er the same to the parties
OF tho second part; but thereafter he
shall be free from every such obligation
to tho partie, OF the second part.
Third-The secretary OF tho treasury
hereby reserves the right within ten
days from the date OF, in case he shall
receive authority from Congress there
for. to substitute any bonds Of the
United States bearing three per cent
interest, OF which tho principal aud
interest shall be specifically payable in
United States gold coin OF the present
weight and fnon.Es. for the bonds
herein alluded to; such three per cent
bonds to be accepted by tho parties Of
the second partat par, j. O., at SIS 60i65
per ounce OF standard gold.
Fourth-No bonds shall be delivered
to the parties OF the second part, or
either OF then. except in payment for
coin from time to time received here.
under, whereupoa the secretary OF the
treasury OF the United States shall and
will deliver the bonds as herein pro-
vided at such places rs shall be desig.
mated by the parties Of tho second part.
Any expense OF delivery out OF the
United States shall bo assumed and paid
by tho parties OF tho second part.
Fifth-ln consideration OF tho pur-
chase of such coin the parties OF tine
second part and their associates here.
under assume and will bear all the ex-
pen.e and inevitable loss OF bringing
gold from Europe hereunder, and so far
a, lies within their power will exert all
financial influence and will make all
legitimate effort, to protect the treasury
OF the United States against Withdrawals
OF gold pending the complete perform.
nnce OF this contract. In witness
whereof the parties hereto have here.
unto set their hands in fivo parts, this
eighth day OF February, 1895.
(Signed) JIG. CARLISLE,
Secretary OF the Treasury.
August BELMONT & Co..
-