Birmingham state herald., 1896-01-07
Treasury Department,
 Office of tha Secretary.

ant notice:
 Treasury Department,
 Office of the Secretary,
 Washington, Jan. 6. 1896.
 Notice is.hereby given that sealed pro- posals will be received at the office of the secretary of the treasury, at Washing ton, D. C., until 12 o'clock noon, on Wednesday, the 5th day of February, 1896, for the purchase of one hundred million dollars ($l00. .000,000) of United States 4 per cent coupon or registered bonds, in denominatio 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 re- served.
 The bonds will be dated on the 1st day of February, 1895, and be payable in coin thirty years after that date and will bear interest at per centum per annum, pay able quarterly, in coin, but all coupons maturing on or before the lSt day or February, 1896, will be detached and pur- chasers will be required to pay in United States gold coin or gold certificates for the bonds awarded to them and all inter ests accrued thereon after the lst day or February, 1896, up to the time of appllca- ton for delivery.
 Payments for the bonds must be made
 
 Washing ton, D. C., or at the United States sub-treasuries at New York, Bos- ton, Philadelphia Baltimore. Cincinnati, Chicago, St. Louis or New Orleans, or they may 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 regis tered and at what place they will be paid for. Payments may be made by Install ments as follows: Twenty per cent upon receipt of notice of acceptance of bids and 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 matur- ing may pay the whole amount of their bids at any time not later than the ma turity of the last installment.
 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 different form of bonds for the main- fenance of the gold reserve shall be au- thorized by law before the 9th day of February, 1S96 sealed proposals for the purchase of such bonds will also be re- ceived at the same time and place, and up to the same date, and upon the same terms and considerations herein set H. W as well as the bids for the per cent bonds herein mentioned
 Secretary of the Treasury. New York, Jan. 6-Bullion dealers now state that it is impossible to quote the commission on gold. They, like the bank CTS, are completely at sea, the open bond issue having upset the calculations of the street.
 Last week it is known that the Morgan syndicate was ready to take block of the new bonds at an agreed price and furnish the gold in business-like way. MT. Carlisles action, however, has put an entirely different phase here on the matter. It is understood, however, that the syndicate will be held intact pend- ing developments.
 At the office of J. Pierpont Morgan & Go. today no information could be ob- tained as to the position of the syndicate on the new bond issue. The impression in financial circles is, however, that the syndi- cate will put in a number of bids for the bonds, although it is impossible 10 obtain anything official.
 The Clearing House Loan company held it's annual meeting today, but up to a late hour no applications had been re- ceived for loan certificates. There were rumors in plenty, however, that certain small Wall street banks would ask for certificates either today or tomorrow.
 J. Perpont Morgan, the head of the bond syndicate, said this afternoon:
 q am not prepared to say what course the syndicate will pursue. There are thirty days in which to think over the matter. No one has yet withdrawn from the syndicate. I do not see why people who desire to bid for bonds should not be able to get gold. The syndicate has no corner on it.
 Berlin, Jan. 6.-The Deutsche bank which proposed to take part of the new American loan, upon learning that the bond issue called for by Secretary Car lisle would be a home loan, for which 1.0S would be offered in the United States. as- serts that there is no market in Ger many for per cent coin loan at los.
 Preparing for Printing the Bond.
 Washington. Jan. 6.-Orders were to- day given Chief Johnston of the bu- reau of engraving and printing to prepare the distinctive paper for the printing of the new issue of bonds. As all the plates are ready all that will be necessary will be to print the face of the bonds when 1t is known how many of each denomination is want ed. The treasury has not figured official ly on what the new bonds should sell for to bring them up to the market price of bonds sold to the Belmont Morgan syn dicate, but it is stated unofficially that 119 and 1925 is about the proper rate to put them on per cent basis.