The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-01-09
MAKE YOUR BIDS, PEOPLE.
AT 1850 LAST NIGHT SECRETARY
CARLISLE ISSUED A BOND
CIRCULAR.
1T WILL Be A POPULAR" ISSUE
Sealed Proposals Will BE Received for
the Purchase of $10O,O00,0OO 4 Per
Cent 30-Year Bonds-Legisla-
tive Forecast.

washington, Jan. D.-SpcculatiOn con
corning the amount and character of the
new bond issue was set at rest tonight
when Secretary Carlisle made public the
'iaet that the loan would be "a popular
zone and the circular, which is dated Jan
nary q, gives notice that the government
will sell $100,000,000 30-year 4 per cent
coupon or registered bonds dated Febrr-
AIRY j, 1896 for which purchasers will
be required to pay in gold coin or gold
certificates. This is the first issue by the
administration Of such large amount
OF bonds at one time, all the previous
issues having been for $50,000000 each.
The circular also contains an intimation
of possible further issue of bonds should
the sale Of an additional form of bonds
for the maintenance of the gold reserve
be authorized by law before February 8.
1t was almost midnight when Secretary
Carlisle's circular was made public, too
late an hour to obtain the opinions of pub
lie men on the action of the government
or the prospect of an absorption of the
bonds by the people. The fact that the
bonds will be issued in sums of $50 and
multiplcs thereof and payable in install
ments, is feature which, it is believed
will make the move he regarded with
popular favor.
The main reasons for dating the bonds
II year back is said to be to give the pub
lie better opportunity to get their mar
ket value by comparing them with the
gold fours issued at that time, so that their
bids can be made to conform with the mar
ket value of these bonds on the first of
February.
The circular is as follows
Treasury department, Office Of the sec
rotary, Washington, Jan. q, 1896: No
lice is hereby given that sealed proposals
will be received at the Office of the sec
rotary of the treasury at Washington, ID.
g., until II o'clock, noon, on Wednesday,
The 9th day of February, 1896, for the
purchase of one hundred million dollars
lS100, 600, 600 of United States per cent
coupon or registered bonds, in denomna-
tions of fifty dollars $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, 1895, and be payable
in coin 30 years after that date and will
lbear interest at 4 per cent per annum,
payable quarterly in coin but all coupons
maturing on and before the first day of
February, 1896, will be detached and pur-
..ho mil hn 30 -, v,.l
States gold coin or gold certificates for
the bonds awarded to them and all inter
est accrued thereon after the first day of
February, 1896, up to the time of appli-
cation for delivery.
Payments for the bonds must be made
mt the treasury of the United States ut
Washington, ID. c., or at the subtrcasu-
ries at New York, Boston. Philadelphia.
Baltimore Chicago, ST. Louis or New
Orleans, or they may be made ut San
Francisco without exchange on New York
and all bids must state what denomina-
lions OF bonds are required and whether
coupon or registered and at what place
they will be paid for.
Payments will be made by install
ments as follows: Twenty per cent
600 upon receipt of notice of acceptance
''of bonds and twenty per cent COO ut the
end OF each 10 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 or before the 18th day of February.
1896.
Notice is further hereby given that if
the issue and sale of an additional or diff
ferent form of bonds for the maintenance
OF the gold reserve shall be authorized by
law before the 9th day of February, 1896.
sealed proposals for the purchase of such
bonds will also be received ut the same
time and place and up to the same date
and upon the same terms and conditions
herein set forth, and such bids will be
considered, as well as the bids for the
per cent bonds hereinbefore mentioned.
lSigneD u. G. CARLISLE.
Secretary of the Treasury"