The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-01-06
THE BOND CALL.
Secretary Carlisle Has Issued
His Circular,
Calling for Bids for a Loan Of
$1OO,OOO,O0O.
THE PUBLIC MAY BUY
AS the Loan is to be a ''Pop-
Mar One"
Bonds Are to Run Thirty Years
at 4 Per Cent Interest.

WASHINGTON, Jan. 6.-Secretary OF
the Treasury Carlisle last night made
public his circular for a bond issue
The loan. will be a popular" one,
and the circular, which is dated jan
uary 6, gives notice that the govern
ment will sell $1Oc, 900, 600 thirty year,
4 per cent coupon or registered bonds,
dated February /, 1895, for which pur-
chasers will be required to pay in gold
coin or gold certificates.
This is the first issue by the present
administration of such a large amount
of bonds at one time, all the previous
issues having been for $50, 1000, 600
each. The circular also contains an
intimation of possible further issue
of bends should the issue or sale of adj
ditional or different form of bond for
the maintenance of the gold reserve
be authorized by law before February
5. The fact that the bonds will be
issued in sums of $50, and multiples
thereof, and be payable in install
ments, is feature which it is believed
will make them be regarded with pop
ular favor.
The main reason for dating the
bonds a year back is said to be in order
to give the public a better opportu-
nifty to judge their market value by
comparing them with the gold As
can be made to conform with the mar
ket value of those bonds on the 1st of
February.
The circular is as follows: 'Notice is
hereby given that sealed proposals
will be received at the Office of the
Secretary of the Treasury. at Wash
ington, d. c., until IL o'clock m. on
Wednesday, the 5th day of February,
1896, for the purchase of one hundred
million dollars $500. 900, oo0) of United
States per cent coupon or registered
bonds, in denominations of fifty dol
lars $3.50, and multiples of that num-
Der, as may be desired by the bidders.
1.-The right to reject any or all bids
is reserved. The bonds will be dated
on the first day of February, 1896, and
be payable in coin thirty years after
that date, and will bear interest at
per cent per annunn, payable quarterly
in coin, but all coupons maturing on
or before the lst day of February,
1896, will be detached, and purchasers
will be required to pay IN United
states go1dscoin or gold certificates,
for the bonds awarded to them, and
all interest accrued thereon after the
the ist 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 Washington, d. c., or at the
sub 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.
Payments may be made by INSTALL
ments, as follows: Twenty per cent
| (20) upon receipt of notice of acceptance
of bids, and twenty per cent (2o) 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 insta1lment.
1.-The bonds will be ready for deliv-
cry on or before the 18th day of Feb
ruary, 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 law before the 5th
day of February, 1896, sealed pro-
! posals for the purchase of such bonds
and place, and up to the same date,
tions herein set forth, and such bids
| will be considered, as well as the bids
for the four per cent bonds herein
mentioned. J. G. CARLISLE,
Secretary of the Treasury"