The Reserve Fund

WASHiNGTOiCJan.18.- Secretarj' Carlisie, late Wednesday afternqpn, ígsued the following circular, inviting proposals for 5 per cent bonda: Tbeasurt Depabtmbnt. Office of the Sechetary. Washington p. C, .lan.i". By virtne of the authority contained in the act. entitled, "Au act toprovidefor the resuniption of specie payments," approved Jan. 14, 1875, the secretary of the treasury hereby offers for public subscriptiou, an issue of bonds of the United States to the amount of 50,000,000, in either regisremi or coupon fortn, in denomination of Y50 and upwards, redeemable in coin at the pleasure oL the govermnent after 10 years from tbe date of their issue and bearing interest, paynble quarterly in coin, at the rate of 5 per cent ner annum. Proposals' for tbe whole or nny part of these bonds wÜl be received at the treasury department, office of the secretaiy. until 13 o'clock noon on the lst day of February, 18Ü4. Proposals should state the amount of bonds desired, whether registered or coupon, and thé premium which the subscriber proposes to pay, the place where it is desired that the bonds shall be delivered, and the office of the treasurer of the United States or an assistent treasurer of the United States, where it will be most convenient for tbe subscriber to deposit the amount of his subscription. Failure to specify the above partieulars inay cause the propoaal to be rejected. As soon as practicable after the first day of February, 1894, the allotment of bonds will be made to the highest bidders therefor, but no proposal will be considered at a lower price than 117.223, which is the equivalent of a 3 per cení liond at par and the right to reject any and all proposals is hereby expressly resorved. in case the bids entitled to allotment exceed the bonda to be issued, they will ba allotted pro rata. Notice of the date of delivery of the bonds will be sent to the subscrHi whom allotments are made as soon as practicable and' within 10 days from the date of such notiue subscriptions must be paid in United States gold coin to the treasurer or such assistant treasurer of i He United States as the subscriber &as designated, and if not so paid the proposal may be rejected. The bonds will be dated Feb. 1, 1894, and when paymeut is made therefor, as above, accrued interest, on both' principie and premium from Feb. 1, 1894, to date of payment, at tbe rate of interest realized to the subscriber on his investment, will be added. All proposals should be addressed to the secretary of the treasury, Washington, D. C. , and should be distinctly marked: ''Proposals for subscriptions to 5 per cent bonds.'' Secretan".