The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1896-01-09
A POPULAR LOAN.

People Ohered 81OO,OOO,OOO In bOnOss
Thirty Years at Four Per Cent.
Washington, Jan. 6.-At midnight
Secretary Carlisle prepared the follow
ing notice, which will be issued to-day:
Treasury Department, Washington. Jan.
6, 1896.-Off1ce Of the secretary: Notice Is
hereby given that sealed proposals will
be received at the Office of the secretary OF
the treasury at Washington, D. c.. until
- O'Clock noon on Wednesday, the fifth day
Of February, 1896, for the purchase of one
hundred million dollars ($l0O. 600, 0OO) OF
United States four per cent. coupon or reg
istered bonds in denominations of fifty dol
lars ($50 and multiples Of that sum, as may
be desired by bidders. The right to reject
any or all bids is reserved. .,-,.
1.-THE bonds will be dated on the first day
Of February, 1896, and be payable In coin
so years after that date, and will bear In
terest at four per cent. per annum, payable
quarterly in coin, but all coupons maturing
on and before the first day Of February,
1885, will be detached, and purchasers will
be required to pay in United States
gold coin or gold certificates for the bonds
awarded to them, and all interest accrued
thereon after the LIST day Of February. 1896.
up to the time of application for delivery.
Fragments for the bonds must be made
at the treasury Of thu, United States at
Washington, D. c., or at the United States
subtreasuries at New York, Boston, Fhila-
delphia, Baltimore, Cincinnati, Chicago.
st. Louis or New Orleans. or they NAV be
made at San Francisco with exchange on
New York. and all bids must state what
denominations Of bonds are desired, and
whether coupon or registered, and at what
place they will be paid for.
Payments may be made by installments,
as follows: Twenty per cent GO per cent?
upon receipt Of notice of acceptance Of
bids, and 20 per cent. 20 per cent? at the
end of each ten days thereafter: but all
accepted bidders may pay the whole
amount at the date of the first installment,
and those who have paid all installments
previously maturing may pay the whole
amount of their bids at any time, not later
than the maturity of the last installment.
1.-THE bonds will be ready for delivery on
OF before the 18th day OF February. 1896.
''Notice is further hereby given that If
the issue and sale of additional o! diffe: ent
form of bond for the maintenance Of the
gold reserves shall be authorized by law
before tho 5th day Of February. 1896.
sealed proposals for the purchase Of such
bonds will also be received at the same
time and place, and up t. the same date.
and upon the same terms and conditions
herein set forth, and such bids sill be CON-
sidered as we'll as the bids for the four per
cent. bonds herein mentioned.
~. G. CAnL1sLN.
"Secretary cf the Treasury"
It was almost midnight when Secre-
tary Carlisle's circular was made pub
lie, too latean hour to obtain the opin-
ions of public men on the action of
the government or the prospect of the
absorption of the bonds by the people.
The fact that the bonds will be issued
in sums of $50 and multiples thereof
and he payable in installmcnts is
feature which it is believed will make
them be regarded with popular favor.
The main reason for dating the bonds
year back is said to be in order to
give the public q better opportunity to
Judge their market value by comparing
them with the gold tours issued at
that time, so that their bids can be
made to conform to the market value
of those bonds on February 1. This is
the first issue by the present admins
tration of such a large amount of
bonds at one time, all the previous
issues having been for $50 OO0, 900 each.