, 1876-09-11

| Run,ors Hs to the Success Of the Sypdtcate's
observation-disclosures by August lsel-
mont---subacrtptions Of 840,O0O,00D.
ftw lnrk Tfoane. Sepi II.
The exact amount Of the new AZ per cent
loan, for which subscriptions lave been received
by the Syndicate, has not yet been n.alo public.
Persona outside tlIe Syndicate express surprise
at the withholding Of this Information, and 1t is
claimed bysome that this fixture to make known
the result Of the negotiations is evidence Of a
want Of success. A report has been current On
thu street that thu actual amount taken does
not exceed sac, ,0o0.000, and that the Syndicate,
IN representing that $i0,00o,G00 had been
taken, included the subscriptions made by its
own membcrG,-that, rs they had ugrccl to take
that amount Of the Government, they simply
subseribed for whit remained VI. their laiics
last Monday afternoon. 1t is mt duuictl that
TUG new losn can bc negotiated in time, but II IL
years to dispafe, Of saoo,oN,uo0 s-pcr.cent
ol,oads, II viii take much 1onEer than either
three Or SIX mouths to sell $3U0 00U 0O0 vi 3L
per ccut. For the purpose Of testing the fcc|ni;
Of the street, brokcr on Wednesday offered
s5o,e0 OF the new loan to be delivered as soon
as Issued by the syudicate) at 11ofts, currency,
at which the bonds haye been o1Iercl Ir tho
Syndicate, but they Werr not taken.
August Belmont state1 to q tribune reporter
on Wednesday afternoon that the members IT
IAit ~ AAa&@AC EAE AtcpubEA lu ElfG LUZ puoIiC
all the information regarding t.lu loan to which
It was entitled; for this reason the announce
mcnt has been made that about 100000 QUO lad
heen taken prior to the closing Of The sul.crip.
the negotiations had exceeded the most san
gulue expectations Of the members Of the syn
dieate. He denied ctnphatfcally that any por-
tion Of t thc loan bud been taken by the meinbcrs
he gould not speak positively ii regard to those
residing In Europe, hc said that liz knew tho
persons well and Was confident that not
uoilar .'l.,.. had az, yet been taken by any
saying that they would not take portion of tha
loan, hut their first work hal been tu place It
upon the market, and they still had $2GO,0O O0O
from which to take a. inur',as they might wnnt.
As to tl'a question whether q majority OF tic
subscriptions had been received from fes1drnis
was information which could be Of no rral ben
eile to TIC public aud to which It was not entl
information xllEcl! belonged exclusively to lis
members of the Syndicate. Air. Belmont said
tllat lie had been surprised at tue large
number OF. applications. for smnll amounts,
ICs'spg psi,ouf sr0 O VIZ sSasG t. sS .e1h aas
investments, and there was evidence that In
many cases the money had becn brought from
tne savings banks or other places ot deposit.
had the impression that the subscriptions Wcfo
made s!nust without exception on account VI
bona ido Investments. lie said tiat no further |
subscriptions would be called for. The Syndi-
eats y had thg privilege of taking the whole loan.
sale between II and the public. IA tbs old bonds
were called III he thought that the applications
for the new bo1ils would undoubtedly increase |
IN humber. Ho expressed great confidence that |
thr entire amount would b. successfully ucgo-
ttAtcd.
Tho successful negotiation Of Government sc-
cu1tles Vt per cent, II Ia cfainled, directly