The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1894-11-29
A PROTEST..
New York Bidders Protest Against
CarIisle's Opening Bids in Secret,
And Only AnLu uncing What He Thought
1roper-It Is Now thought That Over
goo Bids Have Been Received--r rbe
Large Number Will Cause Delay.

WASHINGTON, Nov. 26. - Secretary
Carlisle was somewhat late in reaching
the treasury department Saturday
morning, and at noon his Office was
filled with q large number of
bankers and newspaper correspond
ents, awaiting Mr.. Ccrlisle's ar
rival. 1t seems that Saturday morn
ing the delegation of bankers
learned that Mr.. Carlisle intended to
open the bids in secret and only an
nounce what he thought proper. Mr..
Morgan, as soon as he heard this was
under consideration, entered a protest,
saying that all precedent was opposed
to the secret opening of bids, and that
they should be opened in public, so
that all could have advantage of the
hearing of the bids.
The fact has become public that the
treasury officials have opened all the
bids received, as they arrived, and
classified them. The secretary has
| held that these were not strictly in
the nature of bids, and could be open
ed beforehand. A large number of
bids received Saturday morning, how
ever, has made the opening public
one, because those received early in
week were small, and the important
ones came Saturday, and these will be
opened in public.
1t is now thought over 200 bids have
been received, more than 100 coming
Saturday. This great number will
cause much delay, and it will be Mon
day before any correct list can be pre-
pared.
| At 1890 o'clock Secretary Carlisle had
the treasury at 1920, and went at once
into Assistant Secretary Curtis Office
leaving the bankers and newspaper
men in his public Office.
The New York delegation is com
posed of j. Pierpont Morgan, Pliny
Fisk, S. w. Bonsall and A. Stettheimer
and Robert Bacon, of Boston. Mr.. Nor
gan did not see the secretary to mako
his protest in person, but made it tt
Carlisle. after hearing it from AS
sistant Secretary Curtis, sent the latter
into his public Office and invited Messrs
Morgan and Fisk into his private Office
and the two bankers accepted. AS
soon as they entered the room the doc,
| was ClOScu anu Vic newspaper hACh WIN
crowded the halls and secretary's of
fee were shut out. Mr.. Morgan ant
Mr.. Fisk represent the Stewart Unite'
States Trust Co. and First Nationa
bank syndicate. The other gentle
men were not allowed in. After con
ference, at 12:4O o'clock the secretar,
decided that no one should be admitte'
to the opening but representatives o
the press associations and the bidder
for the bonds.
AS soon as the secretary's decisio
to lock out all the newspaper CORE
spondents was made known. there wa
great indignation expressed by a.
!, those.included. The departure from a,
custom was SO radical that there wa
no wonder the greatest protest wa
made. The opening OF bids in this sem
secret manner was never done befor'
! Hitherto all the press and public hay
been entitled to witness the brealsin
of the seals.
The main bid for bonds was by
syndicate of bankers of New Yorl
London, Philadelphia and Boston, ali
was for $5O,OOO,O 900, at ll6. ss9s. III
: bidders included the DreXel- Morga
Co., United States Trust Co., of Ne
York, and the large New York bank