New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-09-08
LOCAL MISCELLANY.
THE NEW eovERNMENT LOAN.

THE NEW GOVERNMENT LOAN'
RuMoRs Az TO THx SUCCESS OF THE sYSDlcATEs
NEGOTIATIONS STATEMENT By AUGUST BEL
MoYr-sUBscRlPTloNs OF $40O0O,OOO
The exact amount of tue new 40 per cent
,oau for which subscriptions have been received py inc
syndicate has not yet been made public PERSONS OUT
syndicate express surprise at the withholding OF
an, information and it Ia claimed by some that this
,o,lura 20 make known the result of the negotl'
atoms is evidence Of want Of success report
has been current the street that the ae-
tual amount taken does not exceed $3o.OOu'ooo'
and that tine Syndicate in representing that
had been TAKEN included the subscriptions made Dy its
own ,nembers that as they had agreed to take that
apouut of the Government they simply subscribed Tor
vhat remained on their hands last Monday afternoon.
1t is not denied that the new loan cannot be negoaVcu
I'm time but II is held by some that as IL required a"ou'
I'VE years to dispose of 1--WE per cent Don D.
IL win take much longer than either 'nFee OF
ak months to sell S30o,0O00o0 ct 4l9 per cent
Fur the purpose of testing the feeling Oh Tue
street broker on Wednesday offered $5OoOo OF tne
new loan ito be delivered issued by the
eatel az HOE currency, which was claimed was
coua 10 the price at which the bonds have been opereo
by the syndicate, but they werc not taken.
August Belmont stated 10 TRIBUNE reporter on
Wednesday afternoon that the members OF the Syndicate
were disposed TO give the public all the information re-
eardng the loan to which 1t ened for this reason
the announcement had been made that about $4Ooooooo
had been taken prior TO the closing OF the
Indeed the success which had attended the negotiations
had exceeded the most sanguine expectations OF the
members OF the Syndicate He denied emphatcaly That
ANY portion OF the loan had been taken by the members
of tho Syndicate III country and although he could
n speak positively in regard to those residing w
Europe said that he knew the persons wen anu was
confident that not dollar had yet been taken oy any
member either here or abroad rms was NOT say luk
that they would not take portion Of the loan pun Ie
frxt work had been to place 1t upon the MARKET ana
they stu had $500 100000 from which to 'tak as
much as they might want As 20 ae hSd
been received from residents of this country
or of Europe, he insisted that u was vas mJ1d-
and to which it not entitled; to answer sueh a
question furnishing information which belonged ex
clusiyely to the members Of the Syndicate ME- Belmont
said that he had been surprised at the large number OF
applications for small amounts, ranging from $1,000 70
nyestments aud there evidence that in many cases
the money ad been brought from the savings oanks or
other places OF deposit While he d no direct no ans OF
knowing LIE had the impression that the
were made almost without exception ON account OF mona
ode Investments He sad that no turner dd f
taking tue whole Oau and II would now DC question OF
purchase and sale between It ana the public as Tue S
bonds called in he thought that the Applications lOf
the new bonds would undoubtedly increase IA number
He expressed great confidence that the ente amount
would be successfully negotiated. 49,
The successful negotiation O Government securities al
llo DER cent il is Canned directly retures the charges
male in the ST. Louis PLATFORM that there have been
mpton, nor preparations for resumption, white ~
fully meets ne PS %a Sn ie dsS SS 6oO bear
inter six cent IN gold, and $71 pOOOO at nVe
cent gold The average Interest Pm Per r cent
wisely awaited Of ought gradually 10 obtain rcdncuOn
OF per cent IN the interest ON most 81 the IoaS
saving Of per cent the average would OOO
q year in gold. That saving regularly invested AT z
per cent would, In less tlan 80 years extngWsh the
might paid by this saving alone, without cost to the
people"