Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-01-07
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Washington. Jan. 6.-Speculation con-
corning the amount and character of
the new bond issue was set at rest last
night when Secretary Carlisle made
public the subject. The loan will be a
popular" one and the circular which
Is dated January gives notice that the
government win sell sl00,0O0,0OO thirty
year per cent coupon or registered
bonds dated February l. 1895, for which
purchasers will be required to pay in
gold coin or gold certificates. This is
the first issue by the present admins
tration of such "a large amount Of bonds
at one time. all the previous issues hav-
Ing been for $4,000, 900 each. The circu-
lar also contains an intlmation of a
possible further issue of bonds should
the issue or sale of an additional or
different form OF bnn1 for the mainten-
ance of the gold resolve be authorized
by the law before February 6.
II was almost midnight when Secre-
tary Carlisles circular was made pub
lie. too late an hour to obtain the opin-
ions OF public men on the action of the
government or the prospect of an alb
sorption of the bonds by the people.
The fact that the bonds will be issued
In sums Of $50 and multiples thereof
and be payable in installments is fea-
ture which, it is believed, will make
them regarded with popular favor.
the main reason for dating the bonds
year back Is said to be In order to
give the public a better opportunity
to Judge their market value by COM
pairing them with the gold "a issued at
that time, so that their bids can be
made to conform with the market value
of those bonds on the LIST of February.
The circular Is as follaws:
Treasury Department. Office of Sec
rotary, Washington, Jan. c. lS96,-No.
tlce ia hereby given that sealed pro-
posals viii be received at the office
Washington. d. c., until ~ o'clock
noon on Wednesday the 9th OF Febru-
airy, 1896, for the purchase of one hun
dred million dollars 100000, 00O) of
OF United States 4 per cent coupon or
registered bonds, in denominations of
fifty dollars 600 and multiples of that
sum as may be desired by bidders.
The right to reject any or all bids is
reserved.
The bonds win be dated on the list
day of February, 1895, and be payable
in coin thirty years after that date and
VIII bear interest at 4 per centum per
annum, payable quarterly in coin. but
all coupons maturing on ana before the
LIST day Of February, 1896 will be de-
datched ana purchasers will be required
to pay In United States gold coin or
gold certificates for the bonds awarded
to them and all interest accrued there
on after the LIST 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
Stntes at Washington, d. G., or at the
United States sub-treasury at New
York, Boston, 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 denomina-
tons of bonds are desired and whether
coupon or registered and what place
they Will be paid for.
Payments Will be made by INSTALL
ments as follows: Twenty per cent
go per cent? upon receipts of notice of
acceptance Of bonds and twenty 900 per
cent? at the end of each ten days there
after, but all accepted bidders may pay
the whole amount at the date OF the
first installment, and those who have
paid all instailments previously mat
turing 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 or before the 18th day of February
1896
Notice is further hereby givon that
II the issue and sale OF an additional
or different form of bond for the main
tenance Of the gold reserve shall be
authorized by law before the eth day of
February, 1896. scaled proposals for
the purchase of such bonds will also bo
received Mt 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
ms well as the bids for the per cont
bonds herein mentioned.
u. q. CARLISLE.
"SecretnrY of the Tren snr,.