The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1896-01-18
BONDS To;BE ISSUED.
Secretary of the Treasury Carlisle
Issued the Clrcular-kOr One
Hundred Million.


Hundred Million.
President Cleveland, through the
Secretary of the Treasury, has issued a
| call inviting subscriptions To a popular
loan of S100, ,000,U00, secured by new
per cent 30-year coin bonds.
1t is not specified that the bonds are
payable in gold, but it Is of course the
purpose of the administration to build
up the treasury reserve, and gold will
be demanded for the new bonds.
The new loan will be in every sense
popular one, and malFinvestors will
have an opportunity to participate.
The bonds will be issued in denomina-
tiops of $50 each, or multiples thereof.
1t was was stated at the outset that
the president would inaugurate pop
ular loan, and the call for subscriptions
for bonds now issued will confound
those who credited the executive with
a secret understanding with the Nor
gan syndicate, and the Wall street
element generally. Our dispatches
from New York aud Washington have
indicated the probable course Of the
administration in this matter, while
telling of the efforts OF the Morgan
syndicate to corner gold and force
another syndicate loan.
1t Is apparent from New York ad-
vices that J. Pierpont Morgan has cor
nered the gold supply at that center,
but whether the New York syndicate
will be able to embarrass the admins
tration or viii even attempt, through
pique, 20 accomplish that end, remains
to be seen. Official reports show that
there is in the country, boarded and
otherwise Withdrawn from circulation,
between $500, 200, 900 and S400, 0,00O,-
900 of free gold.
1t il anticipated that good percent
age of this gold will be turned into the
treasury from patriotic motives, and
because of the exceptional opportunity
for investment that is offered, in ex
change for the new government bonds.
1t is expected, too, that the banks
will participate in the loan, and no
doubt the syndicate holders will turn q
profit on the transaction by parting
with their gold at premium to intend
ing subscribers.
That The premium on gold, however,
will not exceed three-fourths or / per
cent is evident from the liberal offer
ings of the metal by Europe at the pre-
vailing rates, while, if Europe should
continue to release gold TO the United
States il is altogether probable that
the premium will be reduced to nom-
nal figure in a short time.
MR.. CARLY, 5 CIRCULAR.
Washington, jar 6.--Secretary Car
Isle, at II :55 last night, issued the
following bond circular:
Treasury Department, Office of the
Secretary, Washington, Jan. s, 1896.
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
m. on Wednesday, the 9th Cay of Feb
ruary, 1896, tor The purchase of one
hundred million dollars (S100, ,000,-
000) of United States per cent coupon
or registered bonds, in denominations
of fifty dollars (S50) and multiples of
that sum, as may be desired by bidders.
The right to reject any or all bids is
reserved. The bonds will be dated on
the first day of February, 1896, and be
in coin so years after that
date, aud Will bear interest at per
centum per annum, payable quarterly,
in coin, but all coupons maturing on or
before the first day of February, 1897, |
will be detached and purchasers will
be required to pay in United States
gold coin, or gold certificates, for the i
bonds awarded to them, and all inter- |
est accrued thereon after the first day
of February, 1896, up to the time of
application for delivery.
PAYMENTS fcs the bonds must be |
made at the Treasury of the United
States at Washington, d. c., or at the
United States Subtreasuries at New |
York, Boston, Philadelphia, Baltimore,
Chicago, St. Louis, or New
Orleans, or they may be made in San
francisco with exchange on New York,
and all bids must state what denomIna-
lions of bonds are desired, and whether
coupon or registered, and at what
place they will be paid for. Payments
may be made by instailments, as fol-
lows:
tnznniy per cent upon receipt of
notice of acceptance of bids, and 20
Dcf Ccut ~ bnC cu0 Va CHSh tCif Aey
but all accepted bidders
nay pay the whole amount at the date
If the first installment, and those who
nave paid all installments previously
may pay the whole amount
Of their bids at any time, not later than
he maturity of the last installment.
The bonds will be ready for delivery
IN or before the 18th day of February,
1896.
Notice is further hereby given that if
he issue and sale of an additional or
iifferent form of bond for the mainten-
lnce of the gold reserve shall be author
zed by law before the 9th day of Feb
'uary, 1896, sealed proposals Tor the
of such bonds will also be
eceived at the same time and place
md up to the same date and upon the
anne terms and conditions herein set
orth, and such bids will be considered,
IS well as the bids for the per per