The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-01-06
A NEW BOND ISSUE.
But Not a Sale to English Spec
ulatOrs This Time.
TO BE DATED FEBRUARY I. 1895.
The Bidding Is Open TO Everybody
and the Amount Is One Hun
dred Millions.

Washington City. Jan. g.-Speculauon
concerning the amount ard CHARACTER q
the new bond issue was set at rest late
last night when Secretary carlisle marc
public circular on the subject he iodh
VIII b.. popular one. and the CIRCULAR
which Is dated January 6. gives notice tnat
the government will sell Sleogssolo thirty
year 4 per cent. coupon or registered
bonds dated February j, 1895, Tor which
purchasers Will beo required TO pay II Soia
coin or gold certificates This VIII De the
first issue By the present ADMINISTRATION
OF such a large amount OF ponds al one
tine. The circular also contains an lnll-
nation Of a possible further issue OF bonds
should the issue or sale OF an addiuonai
or different form Of bond for the usinten-
ance Of the gold reserve DC authorized ~
Law before February 3.
II was almost midnight when Secretary
CarIisie's circular WIS made public too
late an hour to obtain the opinion Of pun
he men on the actionoof the government or
the prospect OF the absorption or
the bonds by the people The
fact that the bonds will be issued ia
Gums OF $50 and muitipies thereof, and
be payable In fnstailments - d feature
which IL is believed Will make them re-
garded with popular favor. The main rea-
son for dating the bonds a year Dacs Il
said 10 b. in order 10 give TIE purchaser
& better opportunity TO judge their market
value BY comparing them sith the gold
A. issued al that time. so that their BIDS
can be made TO conform with the market
value OF those bohds on the lst Of Feb
rnafy. The circular Is as follows:
Treasury Department. OffIce OF the
Secretary, January s. ls6.-N0tiee is
hereby given that sealed proposals
the secretary Of the treasury at Wash
ington City until u O'Clock noon, on
Wednesday. the fifth day Of February,
1s96 for the purchase Of one hundred
million dollars 0l08,000,000 OF United
States per cent. coupons or registered
bonds. in denomina tons OF fifty dollars
$50. and multiples OF that sum. az may
he desired by bidders. The right TO re-
5ect any or all bids is reserved.
"The bonds viii be dated on the first
day OF February, ! %. and be payable In
coin 30 years after that date. and will bear
Interest at per cent. per annum, pay
able quarterly, in coin, but all coupons
maturing on and before the first day or
February. 1896. VIII be detached and pur-
chasers will he required 20 pay in United
States gold coin. or gold certificates. for
the bonds awarded them, and all inter
ests accrued thereon after the first day OF
February. 1885. up to the time OF applica-
ton for delivery.
Payments for the bonds must be made
at the treasury OF the United States at
Washington. -. C., or AZ the spb-treas-
uries 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 denom-
nations OF bonds are desired. and whether
coupons or registered, and at What place
they viii be paid fos.
Payment may be made by Install
ments. as follows; Twenty per cent. COP
upon receipt of notice OF acceptance of
bids and twenty per cent. (2O) at the end
OF each ten days thereafter. but all ac-
cepted bidders may pay the whole amount
al the date of the first installment. and
those who have paid all installments pre-
viously maturing may pay tho whole
amount OF their bids nj any time, not
later than the maturity OF the last in
stallment. The bonds will be ready for
delivery on or before the fifteenth day
OF February. 1896.
issue and sale OF an additional or different
form or bond for the maintenance OF the
gold reserve shall be authorized by law
before the NTH day Of February. lS@G.
sealed proposals for tho purchase Of such
bonds VIII also he received a the same
time and place. and up 20 the same date,
and upon the same terms and conditions
herein set forth. and such bids will be
considered as well as the bids for the
per cent bonds herein mentioned.
"(Signed) J.G. CARLISLE,
Secretary OF the Treasury