The times. (Owosso, Mich.) 1882-1897, 1896-01-10
CARLISLE ASKS BIDS.
UNCLE SAM HAS SOME BONDS &c
DISPOSE OF.

Terms or Purchase and Payment and Where
Bids wni BE Received-Provision Also
Made for Offers ON Any Issue Congress,
May Authorize.
WASHINGTON, Jan. 6-Secretary Car
Isle at 1855 last night issued the follow.
ing bond circular, dated Treasury de.
partment, Office of the secretary, Wash.
ington, ID. c.. Jan. 6, 1885,"
'Notice is hereby given that sealed pro.
posals will be received at the office of the
secretary of the treasury, at Washington,
d. c., until - o'clock IN. on Wedne sday,
the 9th day of February, 1896, for the
purchase of one hundred million dollars
($10O, 000, O00) of United States 4 per cent.
coupon..or registered bonds, in denomina.
tions of fifty dollars (s5O and multiples
of that sum, as may be desired by bidders.
The right to reject any or all bids is re-
served.
Terms of Payment and Purchase.
"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 cent. per annum, payable
4udIbCliy III will Ouo Oh coupons
ing on and before the 1st day of February,
1896, will be detached, and purchasers will
be required to pay in United States gold
coin, or gold certificates, for the bonds
awarded to them, and all interest accrued
thereon after the 1st day of Febru-
airy, 1896, up to the time Of application 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 sub-treasurles at New York,
Boston, Philadelphia, Baltimore, Cincin-
natl, 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.
May He Made i'm Installments.
Payments may be made by INSTALL
ments, as follows: Twenty (20) per cent
upon receipt of notice of acceptance of
bids and twenty (20) per cent. at the end
of each ten days thereafter; but all ac-
cepted bidders may pay the whole amount
at the date of the first installment, and
those who have paid all installments pre-
viously maturing may pay the whole
amount of their bids at any time, not
later than the maturity of the last Install
ment. The bonds will be ready for de-
livery on or before the fifteenth day of
February, 1896.
If Congress Authorizes an Issue.
"Notice is further hereby given that If
the issue and sale Of an additional or diff
ferent form of bond for the maintenance
of the geld reserve shall be authorized by
law before the 9Th day of February, 1896,
sealed proposals for the purchase of such
bonds will be received at the same time
and place, and up to the same date, and
upon the same terms and conditions here
in set forth, and such bids will be con-
sidered as well as the bids for the 4 per
cent. bonds herein mentioned.
[Signed. 81. G. CARLISLE,
Secretary of the Treasury"
VIII BE "Popular" Loan.
Speculation concerning the amount and
character of the new bond issue was set
at rest when Secretary Carlisle made pub
lie the above circular on the subject. The
loan will DO popular" one. This is the
first issue by the present administration
of such large amount of bonds at one
time. The fact that the bonds will be
issued in sums of $50 and multiples there
of and be payable in installments is a
feature which it is believed will make
them regarded with popular favor. The
main reason for dating the bonds a year
back is said to be in order to give the pub
lie better opportunity to judge their
market value by comparing them with
the gold fours issued at that time.