Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-02-14
TELEGRAPHIC.
The BOND CONTRACT.
Agreement Between Secretary Carlisle
and tho Bankers.
CONDITIONS OF THE PURCHASE.
One IL That the Bankers Shall Exert
Themselves 10 Protect the Treasury
From Gold Withdrawals.

wAsHNoTos, u. c., Feb. 1.-THE
full text Of the bond contract is as fo.-
lowu
This agreement entered into this Sth
day Of February, 1895, between the
secretary Of the treasury Of the United
States Of the nrsi part and Mes,ri.
August Belmont & Co., Of New York,
on behalf Of Mestra. n. NJ. Ro,hschild
q Sons, Of London, England, and
themselves, and Messrs. J. T.. Morgan
q Co., Of New York, on behalf Of
Messrs. j. 3. Morgan q Co, II London,
aud themselves, parties II tho eUc1uu
part. Witnosioth:
Whereas, 10 Is provided by tho Re.
vissd btatutes Of the United states
(eecti0n 5000 that the secretary Of the
treasury may purchase coin with any
OF the bonds or notes u the United
states authorized by law Ag tuoh rates
and upon such terms ~ he may
deem most advantageous "
the public Interests; and the
secretary Of the treasury now deems
that an emergency exists In which the
public Interests require that as herein
alter provided, cUinn shall be- pur.
chased with the bonds u the United
btatUa OF the dGscriI ton hereinafter
mentioned, authorized to be Issued uu-
der the act entitled IAN act 10 trl.
vide for the resumption OF specie pay
meLts," approved January IL, 1915,
being bonds OF the United States des.
oTihed Ia an act OF Congress approved
July 10, 1870, entitled IAN act 10 nu-
thorizu the toiunding ot the National
debt.D
Now, therefore, the said parties OF
the second part hereby agree 70 tnll and
deliver 10 tnu United states $500, 900
ounces Of standard gold coin Of the
United States Mt the rates Of si7.50iil
per ounce ybyablc Ia Uultad states
four per cent thirty year cupou or
registered bonds, Haiu bonds TO be
dated February /, 1925, and payable at
the pleasure OF the United States after
thirty years from date issued under tho
hota VI Congress OF July 10. 1870, Jat-
uAry 20, 1871, and January IL, 1876,
bearing interest at tho rate Of iour per
cent Uranium, payable quarterly.
Fifst-Suoh purchase And sale Of
gold coiu being made on the following
conditions:
lat least onC-halt Of all coin de-
livered hereunder shall DO obtained Ia
and shipped from Europe, but the
shipments shall not bo required to
exceed 100000 ounces per month, I'M
loaB the parties Of the ieoond part con.
sent thereto.
2-AIl deliveries all be mado at any
Of the sut-ifeasufies or at any other
legal depository Of the United Statos.
S-The gold coins delivered shall DO
secured on the basis OF twenty-five ana
elght.tenths grains Of standard gold
per dollar, II within the limit Of toler.
Anco.
4-Bonds delivered under this con.
tract are 20 be- delivered free Of accrued
a sTeti, which II TO be assumed anu
paid by the parties Of the second part nj
the time Of their delivery to them.
Second-Should tho secretary OF the
TREASURY desire to offer or sell any OF
the bonds Of the United States on or
before the Let OF October 1895, no shall
first oder the same 10 the parties Of
the second part; but thereafter he shall
be free from every such obligation TO
the parties Of the second part.
s-rho secretary OF the treasury re-
setvos the right within ten days from
tie date, IN case he shall receive
authority from Congress therefore, TO
substitute any bOnda VI the United
States bearing 3 por cont interest, OF
which the principal ana interest shall
bo specifically payable Ia United
StRles coin Of the present weight and
hnsneas for the bonds herein alluded
TO; such por cent bonds TO be- accepted
by the parlioa Of the second part at par,
/. o., at SlS.60i55 per ounce OF standard
gold.
i-No bonds shall be delivered to the
parties OF tho second part or either OF
them except In payment Tor coin from
time TO time received hereunder,
whereupon the secretary OF tho treasury
u tho United StaIps shall anu VIII de-
liver the bonds as herein provided Of
lueh places as shall DO denignated by
the parties Of the second part. Any