The Globe-republican., 1895-02-22
carlisle's Bond Contract.
The full text of the bond contract 10 -

The full text of the bond contract 10 -
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. Rothschids & Sons. of Lon
don. Eng, and themselves and Messrs. J. b.
Morgan l. Co., of London. and themselves,
parties of the second part. Witnesseth :
Whereas. it is provided by the revised stat
utes of the United States (section 31O0) that
the secretary of the treasury may purchase
coin with any of the bonds or notes of the
United States authorIz by law at such
rates and upon such terms As he may deem
most advantageous to the public interes ,;
and the secretary of the treasury now deems
that an emergency exists in which the pubic
interest, 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 resumption of specie payments. "
approved January IA, 1875, being bonds OF
the United States described in an at of con-
yress approved July IA. 1870, entitled "An
act to authorize the refunding of the national
debt"
Now, therefore, the said parties of the sec
Dnd rart hereby agree to sell and deliver to
ard gold coin of the United States at tbs
rate of $l7.SO44l per ounce. payable in
United States per cent thirty year coupon
or registered bonds, said bonds to be dated
February l. 1895, and payable at the pleas
Ire of the United States after thirty years
from date, issued under the acts of congress
of July IL, 1870, January 20, 1871. and JAM
uary 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:
DAT least one half of all coin delivered
hereinupder shall be contained in and
shipped from Europe, but the shipments
shall! not be required TO exceed Oo.OOO ounces
per month, unless the parties of the second
part consent thereto.
(2)-All deliveries shall be made at any OF
the subtreasuries or at any other legal de-
pository of the United States.
(3)-All 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 the.l
delivery to them.
Second-Shou!d the secretary of the treas
ury desire to offer or sell any of the bond:
of the United States on or before the lst o1
October, 1885, he shall first offer the same
I'D tL0 pdEtlcS III tic ScCOuu paw Oue euSAS
after he shall be free from every such obi
CATION to the parties of the second part.
Third-The secretary of the treasury le
serves the right within ten days from date
| in case he shall receive authority from con
gress therefor, to substitute any bonds o,
the United States bearing Per cent l.
terest of which tn, principal and interest
| shall be specifically payable in Unit d
States gold coin of the present weight and
| fineness. for the bonds herein alluded to
such per cent bonds to te accepted by thu
parties of the second part at par; j. e., a
| $1s.6O465 per ounce of standard gold.
Fourih-No bonds shall Re delivered x
| the parties of the second part or either o
them except in payment for com from time
! to time received hereunder, whereupon thu
| secretary of the treasury Of the United States
shall and will deliver the bonds as heree,
provided at such places as shall be desiE
mated by the parties of the second part
| Any expense of delivery out of the Unitet
States shall be assumed anG paid by ths
parties of the secora part.
Fifth-In consideration OF the purchase
| of such coin the parties of the second par
| and their associates hereunder assume ant
| will bear all the expenses and inevitable los
of bringing god from Europe hereunder
and as far as lies in their power will exer
! all financial influence and will make al
legitimate efforts to protect the treasur!
| of the United States against Withdrawals o
gold pending the complete performance o
this contract.