Evening journal., 1895-02-14

run so ycars. As it Is not believed by The
committee that the issue of bonds spaei4-
icaliy payable in gold viii impose any
additional burden of liability upon tic
government Than Il they are made Iayahlo
in coin under its pledge and policy 60 prs.
serve tho parity Of the coins u the two
metals the saving Of this large amount
becomes q matter of substantial moment
and advantage to the Rovernment ana as
the parties to take the bonds aio under
contract to furnish gold coin for them it
seems no hardship on the government 20
contract to pay theln back ia the Same
coin that they furnish = 50 H.
The contract was made q part Of the TO-
port and is rs follows:
The Bond Contract.
This agreement. entered into this sth
day Of February between the secretary Of
the treasury Of tho lnited States, Of tho
first part and Messrs August Belmont q
Go. Of New York. on behalf Of Measrs.
n NJ. Rothsehild s. Sons Of London and
themselves, md Messrs + p Morgan 8
Go. Of London and themselves, parties Of
the second part witnesseth
Whereas, 1t is provided by the revised
statutes Of the United States section 5000
that the secretary Of the treasury may pur-
Chase coin with any OF the bonds Or notes
Of tho United States authorized by law at
such rates and upon such terms as he may
deem most advantageous to the public in
terest and the secretary of the treasury
now deems that an emergency exists in
which tho public interests require that
as hereinafter provided coin shall ba pur.
chased with the bonds Of the United States
Of tho description hereinafter mentioned,
authorized to DO issued under the act en-
titlod An Act to Provide For tho Re.
sumption % Specie Payments 2 approved
Jan. /, 1875, being bonds Of tho United
States described in an act Of congress ap-
proved July III, 1870, entitled An Act
TO Authorize the Refunding Of the Nation
al Debt;n
Now, therefore, the said parties of the
second part hereby agreo to sell and de-
liver to the United States 5, 500, 00o ounces
of standard gold coin Of the United States
at the rate of St7.S0441 per ounce, paya-
bio in United States A per cent 80 year
coupon or registered bonds, said bonds to
ho dated Feb ! and payable at the pleas
ure Of the United Statos after 30 years
from date issued under the acts Of con.
gress Of July IA, 1870, Jan. 90, 1871,
and Jan. H. 1875. boaring interest at the
rate Of 4 per cent per annum, payable quar-
terly.
The Conditions.
Tirst-Such purchase and sale Of gold
coin being made on the following condi-
tions:
/. At least one half Of all coin deliver
able hereunder shall DO obtained in and
shipped from Europe, but the shipment:
shall not be required to exceed 800, 00C
ounces per month unless tho parties Of The
second part shall consent thereto.
2. All deliveries shall be made at any
OF the subTeasuries OF at any other lega
depository Of the United States.
p All gold coins delivered shall be SO
curod on the basis Of IS $40 grains q
standard gold per dollar il within limi
OF tolerance.
a. Bonds delivered under this oontrac
arc TO be delivered free of accrued inter
est which is To DO assumed and paid Ii
tho parties OF the second part at the tim
Of their delivery to them.
Second-Shuuld the secretary of thi
treasury desire to offer or sell any Of th
| bonds Of the United States on or hefor
tho lst Of October, he shall first offer th
same to the parties Of tho second part
but thereafter he shall 20 free from ever
such obligation to the parties Of tho sec
/ ond part.
Third-Tho secretary Of the treasur
hereby reserves the right within ten day
from the date hereof. in case he shall rC
coive authority from congress therefor t
substitute any bonds of the United State
bearing per cent interest Of which tn
| principal and interest shall be specihcall
/ payable in United States gold coin Of til
present weight and iineness for the bond
herein alluded to- such 3 per cent bond
to DO accepted by tho parties Of the socon
part al par-i q, &C Sis. 60At5 per ounC
OF standard gold.
Fourth-No bonds shall be delivered {
the parties Of the second part or either {
them except ia payment for coin froi
time TO time received hereunders wheri
upon the secretary of the treasury of th
United States shall and will deliver tl
bonds as herein provided at such plac,
as shall bo designated by the parties Of I'll
second part. Any expense Of delivery ot
Of the United States shall be assumed an
paid by the parties Of the second part
Fitth-ln consideration OF the purcha!
OF such coin the parties Of the second pa
and their associates hereunder assume an
will bear all the expense and inevitah
loss of bringing gold from Europe hor
under and as far as lies in their pow
will exert al financial influence and wi
make All legitimate efforts 70 protect II
Treasury L the United States again
Withdrawals of gold pending tho compile
performance Of this contract
In witness whereof the parties here
have hereunto set thoir hands in five par
this sth day Of February.
y. q. CARLISLE
Secretary 81 the Treasury.
AUGUST BELMONT Il Co.
On behalf ol AIessrs. N. nj. Rothschild
sons London, ana themselves
II p MORGAN & co.,
on behalf ol Mossrs y. n Morgan & CC
London. and themselves.
Attest:
~ ~. CURTIS.
ERANCts idNDE SrETsON
In the Sennte.
WASHINGTON, Feb li-The senate I
gan Its session with spirited discussi