River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1896-01-09
A POPULAR LOAN.
People offered sIoO.o0o.o0o In Bonds,
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, lSy6.-Ofice of the secretary: Notice is
hereby given that sealed proposals will
be received at the Office OF the secretary of
the treasury at Washington, ID. c., until
u O'Clock noon on Wednesday, the fifth day
OF February. 1896. for the purchase of one
hundred million dollars ($l00. 100000 OF
United States four per cent. coupon or reg
istered bonds in denominations of fifty doll
lars $50 and multiples of that sum. as may
he desired by bidders. The right 20 reject
any or all bids Is reserved
THE bonds viii be dated on the first day
of February. 1850. and be payable in coin
80 years after that date, and viii bear in
terest az -FOUR per cent. per annum, payable
quarterly In coin. but all coupons maturing
on and before the first day of February,
1886, VIII be detached and purchasers will
be required to pay Ia 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.
Payments for the bonds must be made
at the treasury of the United States at
Washington. ID. c.. or at the United States
subtreasuries at New York, Boston. Fhila-
delphia, Baltimore, Cincinnati Chicago,
ol. LOUIS VI 4NeN OTlediS. OF lUcy NAV De
made at San Francisco with exchange on
New York. AID 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 instalmsnts,
as follows: Twenty per cent. go per cent
upon receipt of notice of acceptance Of
bids, and 20 per cent. 40 per cent? al 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.
THE bonds Will be ready for delivery on
On before the 18th day OF February, 1896
Notice is further hereby given that II
the issue and sale of additional OF diffe, ent
form of bond for the maintenau nee Of the
gold reserves shall be authorized by law
before the 5th day OF February, 1896
sealed proposals for the purchase of such
bonds viii also DE received at the same
time and place, and up to the same date
and upon the same terms and conditions
herein set forth. and such bios i'll be con-
sidered as well as the bids foT the four per
cent. bonds herein mentioned.
- G. CARIIsLn
Secretary u the Treasury"
1t was almost midnight when Secre-
tary Carlisle's circular was made pub
lie, TOO late an hour 10 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 viii be issued
in sums of 500 and multiples thereof
and be payable in irstallments is a
feature which it is believed will make
them be regarded with popular favor.
The main reason for dating the bonds
a year back is said to be in order to
give the public better opportunity to
judge their market value by com aring
them with the gold fours is fed at
that time, so that their bids Can be
made to conforIl to the market value
of those bonds on February /. 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. 000, 900 each.