New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-27
ELEVEN MILLIONS OF GOLD DEPOSITED

ELEVEN MILLIONS OF GOLD DEPOSITED.
MUCH MORE EXPECTED AT THE suB-TREAsrRY-
JOHN A. STEWART PRAISED FOR HIS
SUCCESSFUL EFFORTS.
John A. Stewards sagacity. excellent judgment
and diplomacy have been crowned with brilliant
success for the Government loan is undoubtedly
successful and a large amount Of gold Will at once
flow into the Treasury. As A matter OF fact sl-
5000 went into the Sub-Treusury here yesterday
afternoon and II is estimated that at least
10000 more will be in the vaults by 3 p. m. to-
day
Mr.. Stewart is naturally much gratihed at the
result OF his labors, and said SO. but he talked so
fully on Saturday night about the issue the inter
view IN Sundays Tribune) that ne propapiy
felt he had nothing more TO say on the subject; at
any rate, all ne consented TO add yesterday was
that he was Of course much gratihed at the out
come and felt happy the fact that the Dld OF
his syndicate had been accepted. On Saturday ne
said that he knew the Government would get more
gold by accepting their bid than by taxing inde-
pendent offers and that Mr.. Carlisle could be sure
Of the gold for the bonds would come out OF
the Treasury
Mr.. Stewart said he had left all the details 10
J. Pierpont Morgan. Mr.. Morgan would not dis
euss them. but at the office OF Harvey FISK q
Sons Information was obtained. II was
learned definitely there that Drexel, Morgan q
Co, the First National Bank and Harvey FISK q
SONS would attend TO the sclnns OF all the oo""9
The syndicate intended to offer. About half the
number 100000 will be retained by the SUD-
scriber but the rest will be offered for sale'
The frst lot will be 10000. at 49, the next
10000 will held at a higher figure. probably
l9 or ~, and the next 100000 at still higher
rate, and so on. Most Of the bonds will be sold
IN this country. it is expected and only Few
10 Europe This IS because they are more vau-
able here than abroad just English consols
are more sought after in Europe than here
II was also learned that it was left to Mr.
Morgan and Mr. Fisk TO decide the figure at
which the bid would be made. and only few OF
The subscribers who were in the syndicate knew
What II was
No details Of the foreign interest in the syndicate
could be obtained. j. S. Morgan & Co.. Of London.
IL the only foreign firm included in the syndicate,
and II Ia not known how large It's interests are or
whom II represents. Most OF the gold Will OF
course from this city; the amounts sub
scribed By other cities will be found in this morn
ings dispatch from Washington.
IL was announced late in the afternoon at the
oub-Treasury that 100000 had already been re-
ceived and that 1t was expected that 100000 more
would be deposited to-day Included In the de-
posts yesterday the 100000 which arrived
from Europe Sunday and which was consigned
70 tne Bank Of British North America Inc Ireas-
Tor long time receiving the gold and making
Viii receipts 1t y expected That the rns 81
accepting the bid of the syndicate Ihls VIII prIiS
.ne gold surplus up to about sos G0VO IL was sur
a. the sub.Treasury that the Government wou anl
receive Ss.70735 for the bonds which lnciuaes a.
crued interest up to yesterday, and In addition the
interest at per cent Of the face value OF w t
paid for. This explains the hurry the subscribers
are in to get their gold into the Treasury cat.
isfacton at the result, and praised Mr.. Stewart
highly for his part in making the loan success.