Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1896-01-09
THE BoND CIRCULAR ISSUED
Made Public Ahead Of Dale Premium
on Gold Affected Substitute Is
Adopted by Senate Finance Com
mittee Republicans Want More
Time Before Taking UP Tariff.

coupons or registered bonds dateu Feb.
| 1, 1895, for which purchasers will be
required to pay in gold coin or gold
I, certificates. The circular also con-
tains an intimation OF possible
further issue OF bonds should the issue
or sale of an additional or different
| form of bond for the maintenance OF
the gold reserve be authorized by the
/ law before Feb. 5. The bonds are TO
be issued in sums as low as $50 and
payable in installments, features
which, 1t is thought, will secure their
popular favor. The main reason for
dating the bonds year back is said to
be in order TO give the public better
opportunity to judge their market
value by comparing them with the gold
4 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. The bonds will be ready
for delivery on or before Feb. 15.
4 Payments may be made by INSTALL
ments: Twenty per cent. upon receipt
I of notice of acceptance of bids, and 20
! per cent. at the end of each ten days
\ thereafter; 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 install
\ ment.
\ Persons we'll qualified to judge OF
/ the result of the bond issue do not
4 look for large subscriptions from pri-
vate individuals, and the opinion is
expressed that the syndicate's bid for
! the entire issue will be accepted. II
h is recalled that private subscriptions
I to the first loan OF $50,000,000 amount
ed to about only $745,000 and to the
last loan but little more, and as the
bid submitted to the syndicate con-
tanned the condition that they be
awarded the entire amount or none,
left the government little option in the
matter. The last issue resulted in the
payment into the treasury Of $65,116,-
244 in gold, for which the government
issued per cent. thirty year bonds to
the amount of $62,3l5, 400. The pre-
MUM realized by the government
therefore, was $2,S00,S44, or .04494, the
investor realizing rate of interest Of
about 375 per cent. The market
price of these bonds is now about LII.
The treasury now holds legal ten
ders to the amount of $147, 1850, Of
which s115,S25,143 are in United
States notes, $2,s45000 in currency
certificates and $22,n44,5il il, treasury
| notes OF 1890. The amount Of legal
\ tenders now in circulation is $37S,1S7 \
! 642, as follows.
Treasury notes Of 1890, 5,T26, 769;
United States notes, $220,S55 ,S73, and
currency certificates, S206, 653,S36. OF
the amount of legal tenders in circula-
/ ton, the 1921 national banks on Sept.
! 20 last, the date of the last report,
4 held $143,S66, 685, the remainder being
held by state banks, trust companies.
/ savings banks and private banks ag-
\ gregating in number 10,03S and by
! private individuals.
/ New York, Jan. THE call for the
1 government loan caused the premium
on gold to disappear Monday morning
and it was said that those persons who
I bought gold last week and especially
/ those who ordered gold from the other
side, would lose considerable.
4 New York, Jan. THE World pub
fishes the following cablegrams:
I London, Jan. Elm answer to
\ yours, would say that until the boun-
dairy question is arranged we do not
believe either the European public or
I capitalists will take many American
bonds for investment, If any, and we
! believe, although certain number OF
people on this side Of the Atlantic
have signified an intention of taking a
share in the syndicate to be formed In
New York, they only have done so in
the belief that they would obtain
term which would enable them to force
resale of bonds in America.
When the political horizon is quite
clear, then there may be time and op-
portunity for America to apply to
British capitalists.
IN. NJ. Rothschilds and Sons"
Cannot express opinion as to con-
tinental investors. Doubt II sufficient
ly attractive here in the form sug-
gested. Coutts, Bankers"
Paris Believe European investors
would readily take United States
threes. principal and interest payable
in gold, but coin OF currency bonds.
even four per cents, would find limit
ed market.
"Munroe and Company, Bankers"
New York, Jan. 1.-THE Posts Lon
don financial cablegram says: mo
one here sees where the gold will come
from under Secretary Carlisle's invi-
tation for bids and another substantial
gold premium is expected. One hun
dred thousand pounds worth Of gold
that was 70 have been shipped to New
York Is said to have been counter
handed"