, 1877-08-16
The New Bonds Selling at a Con-
siderable Loss to the
Buyers.
Tho Quarrels and Jealousy Of the New
York Bankerd.
Report Of the COMMITTEES Recently Examiu'
Ing the New Orleans Cas-
tom-House.
THE 4 PER CENTS,
REMARKABLE DECLINE.

THE l1ttt Ct1N lSs
REMARKABLE DECLINE.
t7p<etut Eseateh to 7as Tribune,
WAsnrsoToS, p. e., Aug. l5.-Thc attention
Of the Treasury has been cat1cd to tho facs that
tho per cent loan IA now offered In tic optu
market At price, Including tho accrued interest,
ncnsiy per cent bcow the price at which It WAS
subscribed tor lby the Syndicate. A letter was
addressed by the Loan Division to-day to
prominent New Ynrk banker, giving the tilco-
rfcs Ut the Loan ofIitdals Of tho cause Of this
decline. The letter states that the present ton
difon Of the loan market Ia A natural reaction
since the expiration Of The thirty lars within
which popular subscriptions were possibie. The
bo1uls we're subscribed Tor during the frat
mouth
roR SPECULATIVE pCRPoske,
and not for Investment, with the expectation
that, upon the expiration Of the month. the
Syndicate would Immediately force tho bonds
above par. This has not been the casc. and, rs
a consequence, considerable portion Of tue
bonds purchased for speculation hare been
thrown upon The market. The decline has fol-
lawcd, and is said 10 lie 40 considerable that
some Of the Syndicate subscribers to the loan
have supplied their customers through pur-
chascs In the open market. nstca1 uf calling
upon their bonds In the Treasury. The loan
authorities arc Of opinion, however, that this
decline Will only he temporary, and Claim to
have assurances of the ultimate successful me-
gottatlon Of their cntire loan. There IL
CONSIDERABLE JEALOUSY
between some OF the New York National Banks
atA the uaw Synliente having charge Of tho
per cent loan. These banks rharge tl.at they
were unjustiy treated by Secretary Sherman III
the award OF the uew contract, and wrrc, a.
they term It, "frozcn out" OF 1t, The Treas
urY officials explain the Jealousy ii this way:
In tho contract with tho old 4l1 pcr cent Srn-
dicatc. Morton, Bliss 4: To. represented laryc
uu.nhcr Ut banks, the na.uts nt thu hansss being
considered Mortnn. BIias t. Co. NJ the pcrsons
with Whom tho Government contracted, as that
firm
ALosR s'oHEp TIE CONTRACT.
What relation AostIn, Hiss 4: Gu. held to Tic
ot},cr bankers tor whom l!Icy noni,alIv acted,
whether is Rcents or otherwise, was not con-
stlerrJ any concern u Tic Treasury. Tsit Gov
crnn,ent had t!oalings alone will Morton. Dltst
d. Co.. ami did not inquire !nto tl'e relations
wh!t1, that firm may have had With o.her hanks
whicl, It represented. Accordingly. when,
under tho provisions VI The ~ prr rent cun-
trsct, secretarr Sherman decided to withdraw
Sl0o 0o0, ,oW frum the market And terminate that
termination 10 Morton, bliss i: Gu. 1a Inakins
the contrlst for ths 4pcr-ccut loun, Morton,
Bliss j. Co. signcd nn'l ncted for tt!ctr firm
aionc, and for 1onc Of ttlc othtrs with which
they hun formerly Gect associated. The HuaF-
rel, the TREASURY oillvials haF, IL
oHL1 AMONG THE DAsKERs
themselves, and with It the Government has
! nothing W do. There cal, be ~, donbt, huw-
eyer, that, under the fursn aud language u tho
whether or not Morton, tss l. to. did not act
a. agents for tho o!llCr American members ul
the former Syndicate.
TnB NEW y0nk TIMES STATEMENT.
Hpecfa! Ntspdsch 10 7zf 1tftanr.
NHw 1OHK, Aug. l5.-A sturg WIS published
BY morning lapcr. to Tho effect that tho z,cw
per cent Syndicate ls in danger becausc Of |!
dispute betwcctl certain members Of this and ot
said that suit lad been he2un The facts In
the case arc stated by tue Tina Is follows:
The IL per cent Syndicate. formed \ yeRr asn
lAat Angasf. compst~ed thu Rothsrhids, pfctel !
&c Ms;ehsas Ssitee.i Nsnk. IL Xsed:
s.oD. 81: 4 New Ss'. Sso'; e rhfa aak s.oas g.
hank. Win.low, Laa!sl ! Co., liuan. Loe5 s u. !.
and ,no t'nitc4 sIales Trust Company. Moston.
Miss s. Co. being empowered to slgn for those In
ALosk APPEARING IN the NATTER.
Tbs aoHn. n; q IL tss a va. IT. to ha,s bee. oo
ths @ .aStsr'si'ons e1pitsi. Secretly sscsnan ds;
eiaea i,,,n "n wt'hdinwinr sloo, 900 90. 600 and
sst yEsuonaS. Sx Ssa sea.us e usts. sss:
dentda he syaaIea.es -; su es'ssioa d
~ ns9s xss' s;s S% MSssnEss e. s ;ss s
N uEuat Tor themselves and associates. The Sec.
setAry ~as interchangeable. 30
THE OLD SYNDICATE WAS DISSOLVED.
and new ono formed for. placing tho new ! ne
cent loan. The following Arms wcfc admitted int
It: rho not1schllds. August Belmont l. CO..
Sationai Dank, md Morton, lI!iss i Co.: l'he iat
ils ufIx.n of The aIrpnte. Tho assoststes wcfe
They charged that Morton. bllss !! Co. exceeded
th.ti a"tosy n ,:atns & a%ay The a"soeatfs ,e t.
lhs pronts that wout! nasn arisen out OF tue with
drawn $llu. Oo1, ooo of ~ psF CENT bends ThI.
va. e. thIeassea @ Motta, Dls: Il c.. % 1eie1red Il.
woutd-be 1ltixautt to thcir awysrsr aud there tbe
matters have se.tel. 80 silt has bern hssun:
| Gu. aud the htms mentioned Ahose who werc the!s
aaaoc!atcs IN the old syndteste, The new synat'
cate as4 aothsax whatever 10 10 will It.
that It Ii utterly absnr4 70 *as tia t6c 9astrl haa
had sny eject lpan the operations ot Tho ncw Syn
dieate. anu the associate ntm. ssy that, It .uca
their Individual intercsta to asod It. The toWes
rste Ut ths ! per cent tonds nss been ~ ~, 4
mnnIpajasioa. Tbr.s oot,i. a1e lo.say sllgh.l,
above p4F. aud lt1ess IL uo danger Of thes selling
ata DISCOUNT ~ statetl
| 10 IN trtsttsn Assoet4ttl Prfsa
New ToRK, Aug. l5.-lt IL believed In Wal
strec4 that the motive for publishing th
troubles between Morton, Bliss ~ Co. aud ces
t4lu members Vt the old Syndicate is kolcly
political Que, tue etfort 6eluY to harass th
t}oyernmunt la it, financial policy.
NOTES AND NEWS.
MEXICAN RELATIONS,