The herald., 1896-01-06
CARLISLE CALLS FOR BIDS
For FOEr Per Cent Bonds to Be
Issued
ONE HUNDRED MILLIONS
In Denominations of Fifty Dollars and
MuIiiples
The Bonds viii Be Ready for Delivery on
The Bonds Will Be Ready for Delivery on
February I5th-Provislons for
Other Issues

Associated Press Special Wire.
WASHINGTON, Jan. 6.-Secretary Carlisle
at l 80 last night issued the following
bond circular.
Treasury Department., Office of the Sec
retary, January 6, 500. Notice is hereby
given that sealed proposals will he re-
ceived at the office of the secretary of the
treasury Mt Washington until IL o'clock
noon on Wednesday, the 9th day of Feb
ruary, 1S96, for the purchase of one hun.
dred million dollars (Sl00 1000, ,OOO) of
United States per cent coupon or regis
tered bonds, in denominations of fifty dol
lars $500, and multiples of that SUN, as
may be desired by bidders.
The right to reject any and all bids is re-
served. The bonds will be dated the 1st
day of February, 1895, and be payable in
coin thirty years after that date, and will
bear interest at 4 per cent per annum, pay
able quarterly in coin, but all coupons ma
turing on Or before the 1st day of Feb
ruary. 1896, will be detached, and pur-
chasers will be required to pay in United
States gold coin or gold certificates for the
bonds awarded and all interest accrued
thereon after the lst day of February,
1896, up to the time of application for de-
livery.
Payments for the bonds must be made at
the treasury of the United States at WASH
ington, d. G., or at the SUBJ reasuries at
New York, Boston, Philadelphia. Balti-
more. Cincinua i, Chicago, St. Louis and
New Orleans, or they may be made at San
Francisco, with exchange on New York,
and all bid must state what denominations
of bonds are desired, and whether coupon
or registered, and at what place they will
be paid for.
Payment may be made by instalments
as follows: Twenty (2O) per cent on re-.
ceipt of notice of acceptance of bills and
twenty (2O) per cent at the end of each
ten days thereafter, but all accepted bid
ders 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 instailment
The bonds will be ready for delivery on
or before the 9TH day of February, 1896.
Notice is hereby given that if the issue
and sale of an additional or different form
of bond for the maintenance of the gold
reserve shall be authorized by law before
the 5rh day of February, 1896, sealed pro-
posals for the pur hase of such bonds will
| also be 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 bids will be considered rs
we'll as the bids for the per cent bonds
herein mentioned. j. G. CARLISLE,
Secretary of the Treasury.
SOME EXPLANATIONS
WASHINGTON, Jan. 6.-Spt culation con-
cerning the amount and character of the
new bond issue was set at rest late last
night when Secretary Carlisle made public
circular on the subject. The loan will
be ''popular'' one. and the circular, which
is dated January g, gives notice that the
government will sell 100000. 900 thirty
year per cent coupon registered bonds
dated February l. 1905, for which pur-
chasers will be re quired to pay in gold coin
or gold certificates. This will be the first
issue by the present administration
of such a large amount of bonds
contains an intimation of a possible fur
rher issue of bonds should the issue or sale
of an additional or fferent form of bond
for the maintenance of the gold reserve be
authorized by the law before February .. 1t
was almost midnight when Secretary Car
isles circular was made public, too late an
hour to obtain the opinion of public men on
the action of the government or the pros
pect of the bonds being taken by 'he peo.
ple. The fact that the bonds will be issued
| i'm sums of $50 and multiples thereof
and be payable in installments is feature
which it is believed will make them re-
! garded with popular favor.
| The main reason for dating the bonds a
year back is said to b. in order to give the
public "a better oppor unity to judge their
market 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 those bonds on he 1st of Feb
ruary.