Democratic Sentinel, Volume 20, Number 5, Rensselaer, Jasper County, 7 February 1896 — BOND CALL IS ISSUED. [ARTICLE]

BOND CALL IS ISSUED.

LONG-EXPECTED ACTION TAKEN

BY CARLISLE.

Sealed Bids to Be Received at Hi* Office Feb. s—lnterest Fixed at 4 per Cent. -New Securities to Bear the Dat« of Feb. 1, 1895. Amount la *100,000,000. Speculation concerning the amount and I character of the new bond issue was set ’ at rest when Secretary Carlisle made i public a circular on the subject. The loan will be a “popular” one, and the circular gives notice that the Government will sell $100,000,000 thirty-year 4 per cent coupon or registered bonds dated Feb. 1, 1895, for which purchasers will be required to pay in gold coin or gold certificates. This is the first issue by the pres- i ent administration of such a large amount I of bonds at one time, all the previous is- I sues having been for $50,000,000 eagh. j The circular also contains an intimation of a possible further issue of bonds should the issue or sale of an additional or dif*®rent form of bond for the maintenance of the gold reserve be authorized by the law before Feb. 5. The circular is as follows : “Treasury Department, Office of the Secretary', Washington, D. (.’.—Notice is hereby given that sealed proposals will be leceived at the office of the Secretary of I the Treasury, at Washington, D. C., until [ 12 o clock m. on Wednesday, the Sth day | of February, 1896, for the purchase of ! one hundred million dollars (SIOO,(XX),(XK>) of United States 4 per cent coupon or registered bonds in denominations of fifty dollars (SSO) and multiples of that sum a * may be desired by bidders. “The right to reject any or all bids is reserved. “The bonds will be dated on the Ist day of February, 1895, and be payable in coin thirty years after that date, and will bear interest at 4 per centum per annum, payable quarterly in coin, but all coupons maturing on and before the Ist day of Feb-

ruar.v, 1896, will be detached and purchasers will be required.to pay in United States gold coin or gold certificates for the bonds awarded them, and all interest accrued thereon after the Ist day of February, 1896, 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„ oy at the United States sub-treasuries .af’New York, Boston, Philadelphia, 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 installments, as follows: Twenty per cent upon receipt of notice of acceptance of bids and 20 per cent at the end of each ten days thereafter; but all accepted bid-' ders may pay the whole amount at the date of the first installment and all those who have paid all installments previouslymaturing 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 15th day of February, 1596. “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 bylaw before the sth 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 considered as well as the bids for the 4 per cent bonds herein mentioned. “J. G. CARLISLE, "Secretary of the Treasury.”