New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-28
RIG STREAM OF GOLD.
TUE PRECIOUS METAL FLOWS INTO THE
SUB-TREASURY.

,,v sa7 900 900 DEPOSITED IN LESS THAN A
nav AND HALF IN PAYMENT OF THE
NEW BoNDs-ALL THIS ENORMOUS SUM
FROM THE NETWORK BANKS.
r,s astonishing amount of $2651S.1O6 in gold
d.,osited in the Sub-Treasury here yesterday
" ,ha members of Mr.. Stewards syndicate in
" ,.nt for the new bonds. This. with the
-. 80 GA 400 sent in on Monday afternoon brings
-. Total amount deposited for the bonds in less
80 q day and half up to $780, 792. 1O6 This
49,, q was said positively at the Sub-Treasury
~,o entirely from the New-York banks Be-
49,. this over s1,O0O.000 was deposited in the
e., treasury at Philadelphia. making the entire
,,r,ntion paid in gold since p. m. on Monday
.rv sssOOO,0OO. 1t was announced by the syn
,,s.,s that over 100000 of the new bonds had
already been sold at LIZ
Considering the remarkable success of the loan.
. !. mot surprising that John a. Stewart should
a., nanny. To him was due. in large measure,
49,, success: and 1t is doubtful II the result would
60 been what it is if it had not been for Mr..
c,swart's mtiring industry. tact and farsighted-
,sss He did not hesitate to say repeatedly be-
tire the bids were opened that the loan would
5. largely oversubscribed. and the result shows
that he was tlllItIy COiiSSt.
The sub-Treasury was kept open long after
Aours Yesterday TO enable the banks to get their
,,,d into the vaults. The clerks We're over
rhemed with work, for the large amount depos-
tod was most unexpected. The Treasury Off
.,a,s thought on Monday evening that about
e. ooo 900 would be deposited and yesterday at
Noon thought perhaps $l0.0O0,OOO would be re-
ns,vad hut they were entirely unprepared for
ths steady stream of precious metal which flowed
oly 1cN Of he ~ hllilOinE
Increasing volume as the afternoon wore on.
This great amount came entirely from the banks
here the officials said. and they We're of the opn-
,on that the great rush was over. Bankers
.hought that about $4S. 600 900 would come out of
ths New-York banks and the rest from the other
cities interested in the syndicate.
The 81 900 900 deposited in the Sub-Treasury on
Monday by the Bank of British North America
uas mistakenly credited yesterday to the bond
snhscrption, and so the amount published was
nearly 81. 900 900 too much.
al eryorts to learn something about the amount
~ the foreign interests in the syndicate proved
fr,utless. The members OF the combination say
that no one can tell yet what 1t IS. Ihey SAID.
hoveyer that more than s4,000ooo OF the bonds
,rsre sold Yesterday at 49, but, as usual in such
eases they would not give the names OF the pur-
chasers After S5.000000 OF the issue Is SOLD. the
nice they say. will probably be raised to 1872.
they said there great demand for the
bonds. and the probability was that more "ouio
he sold to-day.
While Wall Street men knew there was good
asmand for the bonds. shown by the large
rumber of subscriptions. they were generally sur
nrised to learn that such large amount OF them
sad been sold yesterday; and the ones VINO re-
m,lned downtown late in the afternoon were
INST decidedly sastonished when they heard that
nsch an immense sum had been paid into the
Sub Treasury so soon ~,
The transfer Of the gold from the banks TO the
vanl,s of the Sub-Treasury proved an interesting
sight 10 many people. who thronged the steps al
the back of the building and watched the ui.-
concerned expressmen and officers pick up Tort
,,nas T., ,heir arms out of the trucks and CAPS
and carry them into the depository. Every few
minutes a truck or cab would draw up at me
nn,ranca and its precious load would be quick
e, sisno:ad ~ Sometimes there were as many
as three or four of them there together