Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-01-06
BID S FOR NDs
Proposals Called for by the Secretary Of
the Treasury.
Amount of Issue to BE 500, ZOO, 900
of Four Per Cents, Dated
Year Back,

The policy Of the administration for the
protection of the gold reserve is indicated
In the following bond circular, which was
issued by the Secretary of the Treasury
Shortly before IL o'clock last night:
TREASURY DEPARTMENT.,
Office of the Secretary
WASHINGTON, d. c., January 6, 1896
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 IL o'clock, M, on Wednesday,
the 9Th day of February 1896, for the pur-
chase of one hundred million dollars $780,
OO0,OOO) of United States per cent coupon
or registered bonds, in denominations of
fifty dollars $50 and multiples of that
sum. as may be desired by bidders
The right to reject any or all bids is re-
served.
The bonds will be dated on the LIST day
of February, 1895, and be payable in coin
thirty years after that date, and will bear
interest at per centum per annum. payable
quarterly, IN coin, but all coupons matur-
ing on or before the LIST day of February.
1886, 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 February, 1886,
up to the time of application for delivery.
Payments for the bonds must be made at
the treasury of the United States at Wash
ington, d. c., or at the United States SUBJ
treasures at New York, Boston, Philadel-
phia 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.
Payment may be made by inStalments
as follows: Twenty per cent (20) upon re-
ceipt of notice of acceptance of bids and
twenty per cent COZ at the end of each ten
days thereafter: but all accepted bidders
may pay the whole amount at the date of
the first fnstallment, 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 18th day of February, 1896
Notice is further hereby given that If the
issue and sale Of an additional or different
form OF bond for the maintenance of the
gold reserve shall be authorized by the 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 upon the same terms and conditions
herein set forth, and such bids will be con-
s1dered, as we'll as the bids for the per
cent bonds herein mentioned.
(Signe0 ]. G. CARLISLE,
Secretary of the Treasury
The main reason for dating the bonds a
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 LIST of
February. This is the first issue by the
present administration of such a large
amount of bonds at one time, all the pre-
vious issues having been for 1908, 900
each. The circular also contains an init
nation of a possible future issue of bonds
should the issue sale of an additional or
different form of bond for the maintenance
of the gold reserve be authorized by the
law before February g.