The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-06
The People Asked to Subscribe for
$1OO,0OO,OOO Four-Per-Cent. Bonds
and Pay for Them I'm Gold.
TO RUN FOR THIRTY YEARS
AND INTEREST AND PRINCIPAL To
BE PAYABLE IN "COIN."
Sealed Proposals VIII Also BE Re-
ceived for Such Issue OF Bonds as
Congress Way Authorize.

WASHINGTON, Jan. 5-speculation con-
cerning the amount and character Of the
new bond issue was set at rest tonight
when Secretary Carlisle made public a cir
popular one, and the circular, which is
dated Jan. 6, gives notice that the govern
ment will sell s10o,oo00oO thirty-year per
cent. coupon or registered bonds dated Feb.
i. 1895, for which purchasers will be required
to pay in gold coin or gold certificates This
is the first issue by the present administra-
ton OF such large amount of bonds at one
time, all the previous issues having been for
So, 100000 each. The circular also contains
an intimation OF a possible further issue of
bonds should the issue or sale Of an addi-
tional or different form of bond for the
maintenance of the gold reserve be author
lied by law before Feb. 10. 1t was almost
midnight when Secretary Carlisle's circular
was made public, too late an hour to obtain
the opinions of public men on the action of
the government or the prospect Of the 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 feature which, it is
believed. will make them be 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 comparing them
with the gold fours issued at that time, so
that their bids can be made to conform
with the market value of those bonds on
the 1st Of February. The circular is as fol-
lows:
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 II o'clock m. on Wednes-
day. the 5th day of February. 1896. for the
purchase of one hundred million dollIrs
of United States 4-per-cent. coupon or reg
fstered bonds, in denominations of $50 and
multiplies OF that sum, as may be desired
by bidders The right to reject any and
all bids will be reserved.
THE bonds will be dated on the first
day of February, 1885, and be payable In
coin thirty years after date, and will bear
interest at per centum per annum, pay
able quarterly, in coin, but all coupons
maturing or before the first day of
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-
est accrued thereon after the first day of
February. 1886, up to the time Of applica-
tion for delivery
Payments for the bonds must be made
at the treasury of the United States at
Washington, d. c., or at the United States
subtreasuries at New York, Boston, Phil
adelphia, 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 registered, and at
what place they will be paid for.
Payments may be made by installments
as follows: Twenty per cent on receipt
of notice of acceptance OF bids, and 20
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
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 or before the fifteenth day
of February, 1896
Notice is further hereby given that If
the issue and sale of additional or diff
ferent form of bond for the maintenance
of the gold reserve shall be authorized by
law before the 9Th day OF February, 1896.
sealed proposals for the purchase of such
bonds will also be received at the same
time and place. and up to the same date
and on the same terms and conditions here
in set forth. and such bids Will be con-
sidered we'll as the bids for the 4-per-
cent. bonds herein mentioned.
-. q. CARLISLE,
Secretary of the Treasury"
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