The Delta independent., 1894-11-28
BIDS FOR THE BONDS.
OPENED BY SECRETARY CAR
Isle.
The Syndicate of New York Bankers Of
fers to Take the Lot.-Drextels Make
Two Bids.

Washington, Nov. 24.-In conformity
with his circular dated November 13.
1894, the secretary of the treasury to-
day opened the bids which had been
submitted for new bond issue of $5O,-
100000 United States per cent bonds,
to bear date Of November 1, 1894, and
redeemable in coin at the pleasure Of
the government after 10 years from the
date Of issue. This action of the sec
retary is taken under the authority con-
tained in the act of congress approved
January IA, 1875, entitled "An act 20
provide for the resumption of specie
payments" This issue of bonds is made
for the stated purpose Of replenishinG
the gold reserve, which, by withdraw
ais for expectation or other purposes,
have now been reduced to less than
$5S,OOO,OOO.
Secretary Carlisle shortly after noon
held conference with treasury otfic-
ials for the purpose of deciding wheth.
er the bond proposals should be opened
in public or in private. At. 1915
O'Clock a large delegation Of bankers
and representatives of the press as
sembled in Assistant Secretary Curtis
office to hear the bids announced. In
the corridor outside was a large gather
ing 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 Drexel, Morgan
& Co., bankers of New York; Robert
Bacon of e. Rollins, Morse & Co., bank
ers, Boston; Albert Stetheimer, broke;,
New York; Il. w. Reimick, with Kid
der, Peabody & Co., bankers, Boston;
Pliny Fisk of Harvey Fisk Il Co., bank
ers, New York.
The main bid for bonds was by a syn
dicate and bankers of New York, Lon
don. Philadelphia and Boston, and was
for $50,OOO,0OO at $116,S9S. The bid
ders included the DrexelMorgan conf
pany, United States Trust Co. Of New
York and the large New York banks.
The reading of the bids closed at I 80
p. m. The aggregate, including both
bids of Drexel, Morgan & Co., amount
ed to about S155. 600, 600; counting only
one Of them $1O5.OOO,OOO.
The $5O.OOO,0OO bid provides that 81,
OO0,O of the bonds are to be delivered
in New York S3.OOO.OO0 at Boston, $3.-
100000 at Philadelphia. S2.OOO,OOO at
Chicago and S2,OOO,OOO at San Fran
cisco.
The bid is made by the United States
Trust Co. of New York, DreXel, Morgan
& Co. of New York, First National
bank Of New York and Harvey, Fisk &
Sons. They add the information thar
the following parties are interested
with them in the joint bid: Drexel h
Co.. Piladelphia; J. s. Morgan & Co,
London National Rank of Commerce.
New York; Chase National bank, New
York; Fourth National bank, New
York; National City bank New York;
Hanover National bank, New York:
First National bank, Chicago; Mutual
Life Insurance Co., New York; Mcr-
chants National bank. New York:
Gallatin National bank, New York
Manhattan Co., New York; Morton,
Bliss & Co.. New York: Heidelback.
Eckleheimer & Co.. New York; J. & s.
Wormster, New York: J. Seligman n
Co., New York; Blair & Co., New York;
Vermilge & Co., New York, F. s.
Smithers & Co., New York; Edwards,
Sweet & Co., New York; KountZ Bros.
New York; Bowering Savings bank,
New York; Knickerbocker Trust Co..
New York; Greenwich Savings bank.
New York; Cooper, Hewitt & Co., New
York; A. II. Emo, New York; A. Orr Of
Brooklyn Savings bank, Brewster,
Cobb & EstabroOke, Boston; Winslow,
Lanier & Co., Brooklyn Trust Co., E.
Rollins, Morse & Bros, and Blake
Bros. & Co.
parties was submitted for the full $780,
OOO, 600, all or none, at $l17,077, being
shade below 3 per cent.