Marietta daily leader. (Marietta, Ohio) 1895-1906, 1897-10-16
GOLD
8 the Only Kind of Security
John r. Mclean Wants.
sILVER FOR OTHER PEOPLE.
The Famous Gold Bonds of the CO.
lumbia Athletic Club. \,


Washington, Oct. 5.
| Washington business men smile
broadly when they hear Ohio people
talk about John R. Mclean as silver
man.
John Mclean silver man." said
one of them, talking to your corre-
spondent. "He may think silver good
enough for poor folks, but l tell you
he wants none of it himself"
do you see that building just
across the street there" he asked
that elegant stone front?"
John R. Mclean" he continued, is
the largest stockholder in that ira-
mense concern, and as its capital is
81, ,20O,Q 900, you may know that his in.
terest in it is not small. He keeps
large sums of money deposited there,
too. Well, l speak Of this merely to
show his fondness for gold."
That's the kind of a silver man he
is" continued my informant. He Is
silver for others and gold for John r.
Why, have heard of case in which
he actually sold lot of District of Co.
lumbia bonds, bought for investment,
when he became aware that they were
not payable in gold coin. Mind you,
the government was responsible for
the payment of these bonds at par, but
that wasn't enough for Mr.. Mclean.
He wanted them actually payable in
gold, and wasn't satisfied till he got
rid of them. l know, too, that in all
his investments he looks out for gold
bearing obligations every time, though
he isn't so particular what he pays in"
SIS it true that he requested the Co.
lumbia Athletic club to make the bonds
to him payable in gold?"
"Is 1t true? To be sure 1t is. If you
have any doubts on that subject come
with me-"
He led the way to the office of the
recorder of deeds of the District of Co.
lumbia, and producing from a dusty
shelf a volume which had the appear
ance Of having been recently examined,
opened to particular page. Sure
enough, there was the bond, the Off
cial document, accompanied by an
elaborate deed of trust" and occupy
ing a dozen pages of the official docu-
ment. 1t was SO interesting that l
copied it to give the Ohio voters a
chance to see just how much of a
friend and admirer Of silver Mr.. Nc
Lean is. The official and recorded
copy of the bond was as follows:
THE COLUMBIA ATHLETIC CLUB
OF the District OF Columbia
= FIRST MORTGAGE FIVE PER CENT
GOLD BOND.
FOR VALUE RECEIVED, the Co.
" lumbia Athletic Club of the District .
" of Columbia hereby acknowledges itself
: indebted, and hereby agrees to pay, to
. JOHN Il. M'LEAN, or the bearer here
" OF, on the first day of March, 1869, One
" thousand Dollars, in GOLD COIN or =
" THE UNITED STATES, OF THE
" PRESENT STANDARD WEIGHT
' AND FINENESS, at the Citizens Ma.
" tional Bank Of Washington, at the city
of Washington, and interest thereon in
= like gold coin at the rate of five per
cent per aHhunl, on the first days of
= September and March Of each and ev-
" cry year, on the production and surren-
: der OF the proper coupon hereto an
" neXed.
This Is one OF a series of fortyfye
" bonds each of like tenor and effect
" numbered consecutively from / to As
" inclusive, and secured by first mort
' gage deed of trust bearing even date
" herewith, executed and delivered by
. said nhlifrOr to nj
' and y. T. Britton as trustees for the
: holders Of said bonds, conveying the
" said estate therein described and the
buildings, betterments and improve.
: ments which may be erected or placed
' thereon, and duly recorded in the Of
' tce OF the Recorder of Deeds Of the
" District of Columbia.
If default of payment Of interest on
' these bonds is made and continued for
GO days after due demand, the princlpal
thereof, NJ the option of said trustees,
subject to the control of the majority F..
In interest of said bonds, shall become >
' due as provided in said deed of trust .
:, The obligor hereby expressly valves
all, any and every benefit or privilege .
OF any extension, stay or appraisement
law now existing or which may here .
: after be enacted, and of all right or
: equity OF redemption In case of sale or
foreclosure under the terms and pro- .
: visions of said deed Of trust.
This bond Is subject to redemption .
on the first day OF March, 1894, or on .
the first day OF September or March Of .
any year thereafter at the option of .
said obiigor. provided proper notice of .
the Intention to redeem and pay for
same be given In writing to the holder .
hereof personally or by publication in .
newspaper of general circulation In .
said city OF Washington, and In either
: case not less than 60 days previous to .
the date named for said redemntInn