The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-04-18
NEW YoRK..

NEW YORK, April l8.-The Syndicate,
composed OF nineteen banks and banking
hrms OF this city and Boston, to-day made
a subscription of $l5O,00O,OOO to the four
per cent bonds, and $4O,00O,0OO funding
certificates, making this the largest single
subscription ever made to a government
funded loan in this or any other country.
The heaviest subscribers are in the First
National Bank, Fisk & Hatch, Metropoli-
tan National Bank, and J & W. Seligmap
The subscription is made through the First
National Bank for itself and associates
representing a combined capital of over
$I0000G, 200. The subscription of yester
day was made according to the new
terms prescribed by Secretary Sherman
iuihis circular of April 10th. While the
First National Bank for itself and as.
sociates has subscribed for the full amount
of $l90, 100000 or four per cent bonds,
available for government sale until 1881, it
is understood the amount which will be
finally awarded will be smaller, as the
Treasury Department will grade it down
according to the number of bona fide sub
scriptions which may have been forwarded
before pm, by banks and banking insti-
tutions in tbs general course of business
and by the actual sale of funding certi6-
Gates all over the country.
The Tribune furnishes the following de-
tail: The syndicate was not fully organized
until after the close of business hours in
Washington and the bid for all 4 per cents,
| available for funding the l0.40 loan was
not telegraphed in time to receive a re-
sponse before the treasury department
closed tor the day. The syndicate which
has made this unparalleled subscription of
$50, ,00O, 900 is composed, it is understood,
of the First National Bank, Fisks & Hatch,
Metropolitan National Bank, Winslow,
Lanier & Co., j. & W. Sehgman, Morton,
Bliss 4 Co., Third National Bank, Bark
of New York, American Exchange bank,
Park National bank. Importers and
Traders National bank. Hatch & Foote,
Vermillye & Co., U nited States Trust Com
pany, Kuhn. Loeb & Co. and the New
York branch of the Bank Of Nevada, ,in this
city, the Manerick National bank, Foote l.
French and G. 4. Sweet & Co., of Boston,
making l9 institutions.
st the Stanley trial to-day Gen. Wood
was recalled, and testified that at Mission
Ridge, the fire from the enemy was very
| severe. Gen. Hazen commanded his own
brigade, and I have heard that he and
his troops passed under terrific fire.
saw the General on the top of the ridge.
General ". [. Sherman was next
called. 4 copy of dispatch was shown
him, and he identified it as true. 1t va:
dated Bismarck, June, 1877, and stated
that the charges Of General Stanley
against HaZen we're premature and un
called for. General Phillip Sheridan ther
identified his report TO this case. writer
by him. The report consisted Of a de
tailed statement Of the battle of Mission
Ridge from Nov 23d to 10th, 1868
was put in evidence. He did not remem
Der furnishing General Hazen with cop,
of the report; did not know if Gen. Hazel
claimed the capture Of artillery: think th
right centre of my command reached th
ridge before Gen. Hazen. He saw Gen
Hazen subsequently Cd the ridge; he re
membered that his left was coming up tn
ridge at the same time that Hazen's righ
was coming.
: DR.. Robert Murray, United States sur
geon, testified that be met Gen. Haze
t when going to the frcut at Pittsburg Land
ing. Thought that ne was on horseback
i going toward the river He seemed Dc
= pressed aud said to me: Doctor, am
: ruined man. have lost my brigade, the
: are all scattered and | caut find them.
i On redirect examination the doctor sal
g when he met Gen Haz9n his opinion wa
u he slightly staggered. He subsequent
! formed the opinion which he now hold
! that the General was brave and gaIlar
t soldier.