The sun., 1896-10-17

NEW YORK, October is. ls96.
The demand for protection against the conse.
quences of Bryan's possible election. and the pre-
MUM on gold. which 10 sure to follow the triumph
of the silver party. has led us. in conjunction with
some iuternational al bankers here to import limited
amount OF gold coin against which we are now able
to offer. subject to sale or an advance in price.
privileges or calls" on United States gold coin upon
the following terms:
Calls good until Nov. 9 at lls premium.
Calls good until Nov IS at Ia premium.
Calls good until Dec. is at IA premium.
In lots Of not less than $4,000 Smaller lots will be
sofd at slightly higher quotations.
The fulnlment of the will in all cases be
guaranteed by the American Surety Company of this
city with whom. In view o. the ancia convulsion
certain to follow any change In the currency stand
ard. arrangements have been made to insure them
AS the capital and surplus OF this corporation exceed
hve million dollars. and the gold against which the
privileges" are issued will moreover he held until
their maturity. We feel that the security offered is
absolute and recommend the contracts unrcscrvedly
This is the irst time. so FAR aware. that
the principle OF corporate insurance has applied
to the risks which political uncertainty Involves for
the commercial world. BY this mothot are en-
abled TO offer. at the rates OF premium named ahso
lutte Insurance against loss those whose obligations
whose income rest upon q currency basis. This
Insurance amongst other classes the follow.
Ing:
Those who money mortgages payable in
gold.
Those who have sold contracted for the sale of
merchandise securities for export n sold or
foreign currency basis. and might have TO buy them
on silver bass in Amerca after the election.
Those who have reversed the foregoing operation
as in the of arotrogeurs in the grain cotton
markets.
Those who have sold foreign exchange for delivery
after the election
Those whose income is derived from or whose in
vestmcnts ore in the form of mortgages. bonds, or
other obligations the interest and principal of which
is not distinctly PAYABLE in gold.
Those having funds on deposit with banks or bank.
ers including savings banks, which. under the law.
have not and cannot assume any liability for gold
repayments.
While We believe It very unlikely that Mr.. MoKin.
ley will be defeated is an almost scfevident prop
ositon that in event OF tho adoption OF free silver
gold would Immediately advance to premium,
rousy estimated at from 20 to 80 per cent 1T ia
premium silver bullion OF 90 per oent). and
to many prudent mon insurance against such risk
at a moderate premium srems most desirable.
This insurance in the form offered involves
traction OF the or loss OF nterest by hoard
Ing" and preciudcs any unpatrlotic withdrawal OF
gold from tho United states Treasury its effect being
induce continued ports OF gold, and so strengthen
the financial machinery Of the country against any
possible disturbance.
should you care to avail yourself OF It. It would DO
well 10 apply to by telegraph as the timo Is short
and the demand active.
The premium above refefFeh 10 10. OF course pAyA-
BILE in New York funds. Payment OF the principal is
not necessary unless privileges avaied OF at
or before maturity.
We are also prepared TO supply spot gold" Agans,
New York Clearing House fundk-Now York delivery
shipment by express ss-upon the following terms;
In lots OF not less than o., 900 AZ per cent pre-.
mium
In lots of not less than $4,000 u per cent pre-.
MUM.
In lots of not loss than 10000 at per cont pre-.
MUM.
In lots OF not less than $4,000 at y per cent pre-.
MUM.
In lots of not less than $4,000 at 10 por cent pre-.
MUM.
In lots OF not less than 100000 at u per cent
MUM.
These quotations subject, OF course, to change or
sale.
eweinyIte your correspondence upon the above sub.
tect or any other connected with our business as
bankers or brokers, and remain,
Yours very truly.
PRICE, MCCORMICK d 60.