The times. [volume] (Richmond, Va.) 1890-1903, 1894-11-27
THE BOND LOAN AWARDED
THE STEWART SYNDICATE SECURES
ITEN BLOC.
The Frat Installmsnt of SiS,OOO,oOo In
Gold Paid Into the sub-Tressury Mt
New York.


WASHINGTON, d. c., Nov. 9.-The
Secretary of the Treasury has accepted
the proposal of John A. Stewart presi-
dent Of the United States Trust Compa-
ny and his associates. TO purchase the
entire issue Of per cent. bonds, amount
/ ing to 100000, at 1lIO7, with accrued
| interest from November 1st. The pro-
/ ceeds OF the bonds under this bid will be
! S49.5l7.b2 greater tfsn it would be II the
| otner highest bids were accepted.
The very important advantage 10 the
Government IN accepting this Did IS the
| fact that all the gold will be furnished
| outside, and none drawn from the iieds-
ury IL is also more convenient ana
less expensive to the Department 70 zeal
with one party, rather than with many.
Secretary Carlisle was informed ld'e
this afternoon that the Stewart syhdlcdlt,
70 whom the entire $J0,UOj.OU new oond
loan was awarded, had paid into the SUB
treasury at New York to-day on account
OF the first installment N&VW'W0 In goa.
Assistant Secretary Curtis stated this
afternoon that $J,UJl,0U OF the new bohua
were all ready TO be delivered after Dc
cembcr 81 next
TLXr OF THE LUCKY BID.
The following is the text of the accepted
bond BID:
New York Nov. q. 1891.
"Hon. John G.. Carlisle. Secretary OF the
"sir,-We hereby propose under the
terms of your circular of November 10,
1894, 10 purchase United States per cent.
ten-yedr bonds described I'm said circular,
of the face value OF nifty million dollars,
and we agree 10 pay therefor at the
rate Of ur06 and accrued interest per
'''This bid is for the whole S5o0oO,O)0, but
not for any lesser amount We further
agree, upon due notice OF the acceptance
Of this subscription, TO deposit the amount
thereof IN gold coin or gold certificates
with United States Assistant Ireasurcrs
AT either Boston, New York, Philadelphia
Baltimore, Washington, Cincinnati Chi
cagO, ST. Louis, New Orleans or san
Francisco, in accordance with the terms
Of SAID circular
I'VE desire registered or coupon bonds
I'm denominations as stated below, and
we wish them 10 be delivered 10 us as
follows: $4yOOJ.O0 at New York $jVU.U)J
at Boston, 100000 at Philadelphia. 81 0VJ.-
900 at Chicago ana SZOD,DOO al san Fran
cisco or other United States treasures as
may be approved by the Treasury De
partment.
UNITED .ytates Trust Company, of New
York, by John A. Stewart, president.
and DreXel, Morgan u Co., Union Trust
company, Of New York by Edward
king; the First National Bank, OF New
York, by Harvey Fisk * Sons"
The denomindt ons Of bonds desired are
stated as follows. Coupons, $1,000 in $50
bpuge gJ- ut, srug t.r...i- Qlt U-. Xxx.
IN $1,000 bonds; and $l5op.o00 m registered
bonds OF $4,000 denomination.
THo,L NrEEETED.
The following additional statement is
mdde IN the bit:
For the information of the department
we beg TO stale that the following cor
poTauonS. firms and individuals are in /
i.IesttI WIN us iu this bid. DreNcl * |
o. IhI5HtIphla; y. >. Morgan * CO., |
London, National BANK of Commerce. iu /
Nv iCIN' Hh.t \Hlphd BANK, of New /
'"ih' OuIJH NduUuW Bank. Of New |
,I"tloiai g l'y haiF' OF %e" York /
iti ~ 'Nauoiiai 'dIIh. on New YORK, |
~ r.>allon'I ItIh, OF 'heato; Mutual |
IN ti1 til''S sIt,' "'i'pdity' OF -NtW orh; |
,I,r,l,,tt ' S}ltit I'il.hi OF "" lorh |
AIannatt81 Comnai,v "F ,,,oJl Dl >ST T ORR /
ION i.itse Il ~ =, ~" D'hi 2lol-
bach. Ickle6eimsr A. - ~ " ~. igi1g'- t. /
l. aud S. N0rmser You ,otl," "' "a /
". Seigmau a. Co. Nc,y Eori-. I'i,ir y.
Company. New York. Vrrm1Iy. G. N
XeW York T.. ). Smithers d Co. New /
Kountzc BROS, N.,, w., i>etM u'Ni |
Co. New York. T;,var,. :: a.; ,. '.'i,IoE isIoE ~ /
New York; knickerbockar Trust Com
pany. a. r. Eno New York. !, Str S91l
for a }rooklyu Savings I.arjl. i,,-o-e+..rr'
Cobb & Estahgo0k Boston. VVirslo,-'
Eanier ie Sr,is. 4 Co; Hrooklyn Trust Company; |
Bros. q Co, Boston liant
ro l.t., .,,,,. ,......
,.,.,,. ,.-' mr. 'o'.D OUTSIDE.
-NEW OItlN' Nov. 2t.-The sale Of the
$J'VpD new Government per cent
bonds 10 the Stewart syndicate is grafi
iyinS 10 the Treasury officials here 4s
NE members of this syn uucatr nave ar
of the Treasury. The officials estimate
lhai the Treasury viii gain az least
}3'V"V3 IN gold on this account Al !
ready members OF the syndicate have he
gun to deposit gold. There is only one
unfortunate feature in the sale OF the
ponds to ne Stewart syndicate. Fewer
bohls VIII 90 abroad, as between
$I5,0OJoW ana $-H"5op would have been
taken up 10y iorelsn houses outside The
syndicate, Ia the Stewart award had nnt ,