Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-02-14

Fun Text of the Agreement brtween
Carlisle and the thinkers.

Washington Feb. l3.-The full text
of the bond contract Is as follows:
This agreement entered into this
Sth day OF February, 1886 between the
secretary OF the treasury of the United
states, OF the first part. and MessrS.
August Belmont & Co., OF New York,
on behalf OF Messrs. n. NJ. Rothschild
& Sons OF London, England, and them
selves and MessrH j. Y. Morgan a Co.,
OF London, and themselves, parties OF
the second part Witncaseth Where
as, It is provided by the revised
statutes of the United States Hecuon
5000 that the secretary OF the treasury
may purchase coin with any OF the
bonds or notes Of the United States
authorized by law, at such rates ard
upon such terms as he may den most
advantageous TO the public interost@.
and the secretary of the treasury now
deems that an emergency exists IN
which the public interests require mat
as herein after provided, coin shall De
purchased with the bonds of the United
States, OF the description herelisltter
mentioned authorized TO be issued
under the act entitled ian act TO pro-
vide for the resumption of specie pay
ments." approved January a, 1870, be-
ing bonds of the United states, de-
scrlbed In an act Of congress approved
! July IA, 1870 entitled IAN act 10
authorize the refundlng OF the national
/ debt"
| Now therefore the said parties of the
second part hereby agree to sell and
deliver to the United states three NIL
lion 1--WE hundred thousand ounces OF
standard gold coin of the United states
nj the rate Of st,7s0,441 per ounce pnya-
BILE in United States 4 per cent thirty
year coupon or registered bonds. SAID
bonds to be dated February !. 1875. ana
payable at the pleasure of the United
States after thirty years from date
issued under the acts OF congress OF
July "a, 1870; January 20. 1871, and
January H. 1876. bearing interest at the
rate Of per cent per annum payable
quarterly.
First-surh purchase and sale OF
gold coin being made on the following
conditlons
/, Al least one-half OF all coin de
liyered herelnunder shall be obtained
in and shipped from Europe. But th'
shipment shall not be required TO eN
Good three hundred thousand ounces
per month. unless The parties Of the see
ond part shall consent thereto.
.. All deliveries shall be made at anS
NJ the sub-treasuries or at any lega
depository or the United states
3. All gold coins delivered shall be So
cured ON the basis OF twenty-five ant
eight tenths grains of standard goa pei
dollar. " within limit OF tolerance
4. Bonds delivered unser this con
tract are to be delivered free of ac
crued interest. which Is TO be assumed
and paid by the parties OF the seeont
part at the time OF their delivery iS
them.
second-should the secretary OF th'
treasury desire TO offer or sell any d
the bonds Of the United States on o.
before the first OF October, 1895, he shall
orfer the same to the parties OF tn
second part, but thereafter he shall b.
free from every such obligation to tn
parties OF the second part.
Third-The secretary OF the trcasur'
hereby reserves the right within tel
dsys from date In case he shall rcceiv
authorlty from congress therefor [
sihutitute any bonds OF the Unite
states. bearing 3 per cent Interest O
which the principal and interest shall
be gpecifcally payable In United State
rold coin OF the present weight an
tineness for tho bonds herein alluded 70
such per cent bonds 10 be accepted %
the parties of the second part at pa'
.. al as, 6OA6b per ounce OF sthndar'
, gold. ,.i,..,..
20 lie parties OF Tho second pnrt o
cither 90 them except In payment 70
coIn from time 20 time received here
under whereupo. the secretary OF IN
,rnas,,rv al the United States shall an
. lii dallver the bonds as herein pre-
nsdea al such places as shall be desii
,stnd Nv the parties OF the second par
Anv expense Of delivery out of III
Ilni,ed States shall be assumed an