The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-18
ANOTHER OFFER
TO BUY BONDS
Secretary of the Treasury Will Pay
1874 for Four Per Cents
of 1925.

WASHINGTON, D. c., Oct. 1.-THE
secretary of the treasury today issued
| this announcement:
Notice is hereby given that this
department will purchase for the sink
ing fund on Friday and Saturday, the
18th and 18th inst, any United States
a per cent? bonds of the loan of 1925
and pay for them at the rate of 1874
and interest to date of purchase. The
department will also receive the same
class of bonds on Monday, the goth
inst, and pay for them as purchased
the 18th.
Prepared interest and mining cou-
pons will be deducted at the face value
thereof from the purchase price of the
bonds. AS the books of this loan are
now closed against transfers, the in
terest due Nov. 1 on registered bonds,
upon which interest has not been pre-
paid, will also be deducted and will be
paid in the usual way by check to the
order of the owner of record.
Registered bonds should be assigned
in due form to the secretary of the
treasury for purchase and the assign
ment should be dated and witnessed
by one of the officers named in the note
printed on the back of the bonds. Bonds
may be presented at this department,
division of loans and currency, or at the
office of the assistant treasurer Of the
United States at New York"
CHICAGO, Oct. 17.-Secretary Of the
Treasury Shaw, who is making a cam
paign tour of this section of the coun-
try, was here today. In referring to
the treasury offer to purchase United
States bonds which was announced
from Washington, he said:
What amount of bonds will be de-
livered on this proposition [ cannot
say, but / have assurances indicating
that the purchases will aggregate at
least $15,000,000 face value, which will
release a little over $20000,000. What
few bonds there are are held either by
trust estates that would not be re-
leased at any price or by those who
need neither the money nor the inter-
est and prefer to hold the government
securities. So soon as the govern
ment becomes a purchaser, prices adj
vance. Conditions which have made
the purchase of bonds advisable are by
no means local. The September state
ment revealed that the banks of Lin
coin, Neb, which should have had 20
per cent reserve, had less than IL per
cent and the banks of Des Moines,
which should have had 25 per cent, had
less than 20 per cent. While the money
for the bonds has gone largely to East
ern h0lCGrS, 1t VIII very LeiIul e1IiJ hAAAA
it's way into all channels of trade"
NEW YORK, Oct. 17-The subtreas-
ury, under the order of Secretary
Shaw, disbursed during the day SILL
29S,7$9, representing principal and in
terest on bonds Of the face value of
sS,253,40e. This included block of
s5,O00,O00 offered by single interest.
The syndicate consisted of the Ma
tionaI City bank, Fiske & Robinson,
Harvey F'iske & Sons, Vern1ilye & Co.
and F'arson, Leach & Co. 1t is expect
ed that the syndicate will offer an
other block of from 100000 to $4,-
ZOO tomorrow.
NEW YORK, Oct. lit was learned
at the National City bank today that
syndicate headed by that bank is to sell
sis 900, 900 in these bonds to. the govern
ment. The syndicate is made up Of the
National City bank Harvey Fisk g. Sons,
Fisk & Robinson, Farson,. Leach & Co..
and Vermilye & Co. The government
having agreed to the purchase of $5,000,--
600 at 1873 fat and any amount more OF
these bonds at the price named in Secre-,
tary Shaw's offer, $9,000.000 were turned
in today by the syndicate and the re-
mainder will be put in later.