The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-11-25

Terms on Which the Proposals Were
Made-Names OF Bidders.

WASHINGTON. Nov. A-In conformity
with his circular dated Nov IL, 1894 the
Secretary of the Treasury to-day opened
the bids that had been submitted for a
new bond issue Of s50.0oo,oo0 United States
per cent. bonds. 10 bear date OF Nov. l.
1894. and redeemable in cein at the pleas
ure OF the government after ten years
from the date OF issue. This action OF the
Secretary is taken under the authority con-
tanned in the act OF Congress approved Jan.
a. 1875. entitled. An act to provide for the
resumption of specie payments" This
issue of bonds is made for the stated pur-
pose of replenishing the gold reserve, which
by Withdrawals for expectations or other
purposes has now been reduced TO
about $5S,OO0,0O0. Nearly all of the recent
Withdrawals, however. amounting to about
S,Ooo0OQ, have been made, presumably. for
the purpose of purchasing bonds OF the
pending issue. Under the terms OF the
Secretary's circular OF Nov 1S bidders
whose proposals are accepted will be re-
quired TO pay 20 per cent. In gold coin or
gold certificates upon the amounts OF their
bids as soon as they receive notice OF the
acceptance of such bids, and 70 pay an like
coin or certificates an additional % per
cent. at the expiration Of each ten days
thereafter until the whole is paid; but
they may at their option, pay the entire
amount of their bids when notified OF ac-
ceptance, or at any time when an instail-
ment is payable. The first payment, how
ever. of not less than 20 per cent must be
made when the bidder receives notice or
the acceptance OF his proposal The de-
nominations of the bonds will be so and
upward and will be dated Feb. i. 1894. in
order 10 make the proposed issue uniform
E..a T.
terest thereon will begin Nov. l. 1884. and
bidders viii be required to pay accrued In
teresr at the rate of per cent on the face
value of their bonds from Nov. l to the
date or dates OF payment
At l2:45 o'clock this afternoon large
delegation OF bankers and representatives
of the press assembled in Assistant Secre-
tary Curtiss Office TO hear the bids an
nounced. In the corridor outside was
large gathering OF correspondents who
could not owing to the limited capacity OF
the room, be admitted. Among the bidders
present were Mr.. J. Pierpont Morgan. OF
the firm of Drexel. Morgan & Co, bankers
of New York; Robert Bacon, OF z. Rollins.
Morse & Co.. bankers, Boston; Albert
Stetheimer, broker. New York: +. W.
Reimeick. with Kidder. Peabody g. Co..
bankers, Boston. and Pliny Fisk. of Har-
reading closed at 1:5o p. m
TWO BIDS FOR FIFTY MILLIONS.
The total amount OF the bond bids was
1854, 800. The main bid WAS by syndi-
cate of bankers OF New York. London, Phil
adeIphia and Boston. and was for fifty mill
lion dollars at 116.ssss. This bid provides
that forty million OF bonds are 10 be deliv-
cred In New York. three millions at Boston.
three millions at Philadelphia. two millions
CISCO ss SneTse se fh bd IS wG made by the unIsed
States Trust Company, OF New York: Drex-
ell Morgan & Co. New York; First Nation
& Sons They add the information that the
following asem parties the ;n ba Dsss
ei & Co. Phiiadeiphia; J; MOrgan
& Co.. London: National Bank Of Commerce.
YeE Yey 1S5h F6itb Nsfonai sank New york;
NatiOnai NatiOnaI SaSk Saaz sew York Nai0nsl
eomSanS eanS ShieSsU Ss% YorE aiua eaan s Nsons
Bank. New York; Merchants National
Se% SsRk york; Mw Morton. Gfn BIss coa. New PORK
Heidelbach, Eickheimer & Co. New York;
J. & 5. worsmer. New York: j. 4 ~ selig-
York; yernilye & Co, New York; +. S.
smithers & Co. New York: Edward Sweet
Co. ;sor SsT Tosk Cox SeS YORK soxeSnx
Savings Bank. New YORK; knickerboeker
Trust Company; New YORK: Gresnwich
q Co. New York: A. r. Emo. New York;
A T. Orr for Brooklyn Savings Banks
slow. Lanier & Co.. Brooklyn Trust COM
pany. e. Roiips. Morse a Brother ana
hid by the same parties submitted for
the full fifty millions. all or none. at I7.osIs
being a shade below per cent
INDIANA BIDDERS.
Among the single bidders were the follow
ing Indiana banks and citizens: Indiaea
us Is 10 r1717; Indiana Trust Company. In-
dianapolis. u,ooo.ooc. at 1ls: McKeen q Co.
Terre Hause. $500: National Branch Bank.
Madison. $1,000. At 11s-1os; Patrick Walsh.
I.oxansport. 5000 at . PER cent Following
are The names of the largest D61dora -