The evening world., 1894-01-19
MORE OFFERS FOR BONDS.
All from the East, So Far---0ne
Bid as High as 100,
House Judiciary Committee to Hear
MIR. Carlisle on the Issue.
,By Associated Press.j

'E ~ VS.
WASHINGTON. Jan. la.-Secretary
Carlisle's mail to-day brought in a num-
Der of additional offers to AXE the .
per cent. bonds to be issued by the Gov
on the first OF February. The
offers varied in amounts, one OF them
being as low as $50. The prices offered
were regarded generally good. one 1t is
said, reaching l2n.
The offers to-day. It is sa'' came en-
tlrely from the East. and included firms
and persons In Philadelphia, Boston and
New York. The offers as they are re-
ce!ved, are collated in proper form in
the Division Of Loans and Currency.
opened on Feb. !.
The experts of the Bureau OF Print
Ing and Engrnving are engaged in put
ting the finishing touches upon the
plates from which the new issue of bonds
will be printed.
When Secretary Charles Foster was
fore the close of the Harrison Admin.
istration. he ordered plates to be en-
graved. and these will be used for the
forthcoming bonds. They Mere nearly
work was done upon them early In the
Cleveland Administration
1t is necessary to change the dates
on the pla ties and to make other altera-
tions in the script on the body OF the
bonds. hut otherwise the design ordered
BY Secretary Foster will be used. They
do not differ materially from the pat
bottom will be n footnote stating that
they are issued under the act of Jan.14,
1875.
The judiciary Committee of the House
held a meeting to-day and considered
the resolution of Representative Bailey
questioning the authority Of the Secre-
The resolution had hepp rpnprtel favor.
ably by a subcommittee.
Mr.. Bailey urged favorable action of
the run COMMITTEE on his resolution,
statutes to sustain his position. The
Committee decided, however, not to pass
rpo. the resolution until Mr.. Carlisle
and it Will hold a special meeting next
Wednesday to accommodate the Sec
rotary.
$50, 1000 900 issue of new 8 per cent. bonds
was the chief topic of interest in Wall
The news from Washington was eager
~ scanned. and .he general belief was
that the aggregate OF $500. oOO, 900, which
Il has been estimated is the amount
already received IN b'ds TO- the new
The ruinor was current that one New
York banker had bid the price fixed by
Secretary Carlisle. 1i7.223. for the entire
Washington. but this could not be con
firmed.
Tine names OF Drexel, Morgan & Co.
and Harvey Fisk's Sons g. Co. were
mentioned In connection with this bid,
but an emphatic denial came from both
these houses.
rotary would probably have no trouble
in disposing of the entire issue at a
premium above the figure fixed by him.
and il vas believed that the price would
While the National banks of this city
were at first hesitating about subscribing
for these bonds, 1t is said that they have
changed their minds now, and have
made offers in the aggregate for sos, 900.
90.
They could easily spare this amount,
legal requirements Of $92. 5S3. 605. and the
deposits with them Of country banks
which is being probably employed.
Spectators In Wall street are arguing
that the bond issue will take money oul
Of the street and raise the rates for cal
theory that Wall street would take all
The representative OF a leading bank
%lng-house said to-day. however, that this
VAS a mistake. for the bonds would be
taken far and wide. and the New York
bank reserves would probably go on in
creasing just as during the past two
months
In regard to legality of the issue un
der the act of 1876 he stated that there
was not, in the opinion OF flnanciers. the
slightest doubt that the Secretary's &C.
ton had been perfectly justified, and
that he had been we'll advised before
taking the step.
The directors Of the American EX.
change National Bank have decided 10
subscribe for s2,0oO,0 100 of the new issue
Of Government bonds.
Word to that effect was telegraphed to
/ w ob In utpn to-Hpy Tho offer was al
Iii. 223. The American Exchange Bank
already holds about 100000 0 Govern.
ment bonds. and II It secures the
! amount subscribed for to-day 1t will be
among the largest holders of Govern
ment bonds in the country.