The Portland daily press., 1895-02-14

deem most advantageous to puolIc inter-
ests, and the Secretary of the treasury
now deems that an mergency eHlsts IN
which the pu bile interests require GhaG,
as hereinafter provided, coin snaiI pe
purchased with bonds of the Cnlteo
States of the description hereinafter
mentioned, and authorized to be issued
under the act entitled AN act 70 pro-
vide for the resumption OF specie pay
ments" approved January l4, 1919. peing
bonds of the United States described IN
the act OF Congress, approved Juiy Is,
1870, entitled San, act to authorlHe the
refunding of the national DEBT" now,
therefore, the said parties OF the second
part hereby agree to sell ana aeilver TO
hundred ounces of standard gold COIN
of the United States, at the rate OF
SIT. oO441 per ounce, payable IN the Unit
ed States four per cent thirty year cou-
pom or registered bonds said bonds 10
be dated February 1, 1895, ana payabIe
at the pleasure of the United Sta1es aIIer
thirty years from the date issued, under
acts of Congress of July IA, 1870. Janua-
ry 20, 1871, and January ID. slo'o, peaflng
interest at the rate Of four per cent per
annum, payable quarterly. Suon pur-
chase and sale of gold coin being made
on the following conditions:
Q)-A least half of all the coin dellv-
cred herein under shall be obtained IN
and shipped from Europe, but shipments
shall not be required to exceed 300,0 900
ounces per month, unless the partles OF
the second part shall consent thereto.
{2)-All deliveries shall be- made at
any of the sub-treasuries, or any oOher
legal depository of the U nited States
(3)-Ail gold coins delivered shail pe
received on basis of 25 S-lUths grains
standard gold per dollar, if within The
limit of tolerance.
Bonds delivered under this contract oe7
liyered free of accrued interest which shall a.
be assumed and paid ny. the parties 81 Inc
second part at the time of their delivery 70
them. Second-Should the Secretary or me
Treasury desire to offer or sell any Donus
of the United States on or before OcloneT !,
| 1886, he shall first offer the same 70 Inc
parties of The second part ard thereafter ne
shall be free from ,eve-y. such opIlgagIon ~, 70
| the parties of the sec ond part. Third-The
secretary of the treasury hereby fa res
hereof in case he shall receive authority
| from Congress therefor. to substitute any
bonds of the United states bearing three
| and in tel est shall be specifically payable IN
United States gold coin, of the present
weight and tneness for bonds herein
accepted by the parties of the second part
| i. e.. Sls.60i65 per ounce standard goln.
| Fourth-No bonds shall be delivered to
| parties of the second part or either Of them
| except in payment for coin from line to
time received hereunder. whereupon the
secretary Of the Treasury of the United
| states shall. and will deliver bonds as here
| in provided at such places shall be
designated by the parties of the second
| part. Any expensesof delivery out OF the
| United States shall be assumed and paid by
| the parties of the second part. Fifth! n
consideration of the. purchase of such COLI
the parties of the second part and then
assoc iates her eunder assume. and will beal
all expenses jnevitable;to the loss OF bring
| ing gold from Europe. hereunder. and Al
far as lies in their power will exert al
| financla1 influence and will make all ieglti
mate efforts to proteetSt the treasury OF tn
| United States against the withdrawal
gold pending the complete performance
| this contract.
In Witness WHEREOF the parties hereto
| have hereunto O SET thsir hands in five part
this eighth day of Fabrdars, 1885. ~ y
Carlisle secretary, of the itTeas1ry;l Augrs
Belmont & Co. on behalf of Ii. M. Rothsch hill
and sons. London and themselves; !. J.
Morgan & Co.. on behalf of j.. ). Morgan
| Co.. of London and themselves. Attest, :"
p Curtis Francis Luden SfasOn.