Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1864-06-30

The long advertised sale of Six Per Cent Non-Tax-
able Bonds took place yesterday 10 the hall over the
City Market. As hight have BEEN expected, large
assemblaee of solid men was in attend ince, not
only from this city, but from abroad General txpec-
tation looked to small premium the bonds rot ex-
ceeding in eny instance one hundred and twenty five
but the temper of the audience yielded to the crcum
stances OF the hour, AMI as Will be seer, The prices
ranged considerably above that named.
lie picture OF the worthy OF the pencil Of
an artist Five millions of dollars at stake, and
as the repres NATIVE of this goody SUD, there stood
10 the back grnupd the rotund form of the Asast ant
Treasury, W. Y L4itcb Esq, bis white hair, rudy
face, we'll cut profile, and jolly eye beamiug with pc
cuniary expectations, yet indicating not little OF the
srxety Incident TO his position as the agent OF the
Government. Then came Our trend, y.
Gibbes, Esq, who writes bis name with ca lal
calmness in success aCversiy to check for or
hundred thou and dollars, watching with his large
brown eyes and little Interest the disposition of the
precious paper committed to his charge while third in
the lat of officials the time honoed L. w. MOrde
cal, the Auctioneer; every line of whose mouth
down to the contemplation of the cphers that to
run up his valuable score-a study Tor Lavater. The
audience consisted Of body-bankers, ta1k pres
dents Cashiers teers money manufacturers merchants
railroad presidents, brokers' SPECTATORS and business
men generally, with facee like bank note every lire
of which meant money. Mr.. Mordecai commenced his
vocal exercises about half past eleven, by anouncng
hat be would put up bond of one thousand dollars
with a privilege OF ten. A slight pause ard there
! -
Mr.. Lech here announced that he would take GER
tifcates of deposit from Assistant Treasurers at var
places for the purpose of facilitating payment at
this point.
$50 was bid. do hear 80 ?' says the auctioneer.
"Your last opportunity l3l"-A bait
Mr. LE1rCH.-"Why, gentlemea, the cotton bonds
quoted at 100 per cent, and these are decidedly
better"-.
A Vo1oE.-"I32, 1873"
MR. LE1cH.-"Gentemen will understand that these
coupons pay export and import duties, and equiv
aent to coin ,
A Vo1cE-"134" "B st stock you can get in the
wofld says the auctoneer "l35; bid quick gentlemen
they may 60 up to 800. Do hear ? s. 6, 8, that's
tlemen, that's nohDgifor these bonds g. 40 Go on gen
tlemen; there is no knowing when my music may give
out-4l, 2, g. 4, 5, g." Mr.. Lech began to clock Ike
philosopher Mr. uns Doyeues and the auctoneer said
mOresugar plum things. "l47 g." Gentlemen WTigge6
u their Seats aud looked handsome in the magn cent
intensity of surprise. "l49"-a pause cascade of eIo-
cutionary commodities from Mr.. Mordecai "l5O"-the
guta percha of patience stretched to its utmost limit
DO hear Isl p "15l," in q modest voice. "Third
and asst. gentemen-l5l once, Isl twice-fair notice
--l5l three times-aDd sold to Mr.. --" The bid
der quietly ANNOUNCED $1,000. 1t only "leader."
Fne had been broken and the work commenced.
Bonds 10 various sums were put up, ranging trm Sl0
600 100000 and the rest OF the sale showed mark
ed deprec aon, the prices ranging from ISL 1876
which price the auctIoa closed and considerable
number of foaDciers content to invest The total
amount of the sale $665 600. The only drawback
10 the sale was want OF money! and had Mr.. nj mnin
ger properly provided the country with unds by pay
Ing his debts allowing orders toe Treasury d -
partment gwen, be would have reaz d probably
a million more. Vebum sot->outh CaroLsuaan.