The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-11-25
ONE SYNDICATE TO GET AL
Az Premium Which Makes Interest
Less Than Per Cent.
me bidders Who Are Probably Sac
esasfal Are . Conn hinatian Of lanaSn
and American Fia.acier.-r They Want
All or None~seme small Bids Higher

treasury department today shortly hefors
l O'Clock. At o'clock twas stated at ths
department that 3 hurried calculation
showed that the total number Of separate
bids was ~, aggregating $l54. 37a 600 The
largest bid was the syndicate hia Of the
United States Trust Company. nrexel.
Morgan Il Co. and Others at il-0T7 for
the whole amount or none. This vas the
best bid offered. as the aggregate OF hiis
above this figure was about sic. .s2G. 10.
leaving about SO 67S. $50 az a less figure.
It therefore seems quite probable that tho
syndieate bid viii be accepted. although
Secretary Carlisle said that he could not
express an opinion as 20 the result
until next Monday, when the awards
Will be made. According to the terms OF
this bid. the government will pav ISIS
per cent. interest on thu $50. 90 Ooa. as
against per ceat. carried by the first
issue. There IS a possibility. however.
that close calculation will disclose ihe
fact that there is a sufficient number Of
bids al better rate than this. which.
with the second syndicate bid of il6. ss9s,
or 2s9 per cent. NAV make combination
slightly mere advantageous 10 the govern
ment than the other. though this is very
improbable. Altogether the result Of the
bids IS eminenily satisfactory TO the treas
ury officials, as ii shows that not only was
there a brisk rivalry for the bonds. but tho
rate of interest demanded was even lower
than was generally expected.
The action Of the secretary of the treas
nry in calling for bids was taken under
the authority contained in act of congress
approved January Ii. ISIS. entitled An
act to provide for the resumption OF specie
!.
for the stated purpose Of replenishing tho
gold reserve which by Withdrawals tor
expectation and other purposes, has
now been reduced 10 less than S5s. COO. 600.
Nearly all OF the recent Withdrawals. how
ever. amounting TO about s. 600. 600. have
been made presumably for the purpose OF
purchasing bonds of the pending issue.
Under the terms of the secretary's circu.
lar of November l3 bidders whose propos-
ais are accepted will be required to pay ~
per cent. in gold coin. or gold certificates.
on the amount of their bids, as soon a.
ance OF such bids, and 10 pay
additional % per cent at the
expiration of each ten days thereafter,
until the whole is paid: but they may, at
their bids when notified Of acceptance. or
at any time when an instaliment Is pay
able. The first payment. however. OF not
less than 20 per cent, must be made when
the bidder receives notice of the accept
ance of his proposal. The denominations
OF bonds will be so and upwards, and the
bonds will be dated February /. 1891. in
order 10 make the proposed issue uniform
as to date with the existing issue. bat in-
terest thereon will begin Novem ber 1, 1874.
and bidders will be required to Ray ae-
crued interest at the rate OF per cent on
the face value from November | to the
date or dates Of payment. Ii was decided
10 admit representatives OF the press asao-
Citations to the opening of the bids.
Following are the names Of the largest
bidders announced, the amount OF their
bids and tie price per 500;
Mechanics Savings bank, Rochester.
$1,000 al IiG; Henry Stephens. Detroit.
500 90 at 100; Dollar savings bank, riGts-
burg, 10000 at 1l7.aS. +. h. Armstrong,
president American aion Life Insurance.
Company. New York. $4,000 at 1906;
Whitaker 4 Hogman. 81. Louis, 81 0,0 &C
per cent, Maryland Trust Company.
Baltimore. si0nu90 at iiGn4. first M
tional bank. St. Joseph, Mo. 81 80 at III:
Third National bank. Cincinnati, 5000
AT ifh 81 James IalcotG. N~w York $50
600 At III. $ia0009 ~ 1863. 5000 SO
lisngt. sehseier Bros. New York. $780,
90 At ne asl: r. IS Smitsers A Co, New
YORK. $4,000 At iiaSi; Continental banE,
New YORK. Si00.v0 AZ ilb l0g, 10000 at
Ifs 2sS $4,000 at sil6.5Es 5000 at
ne Jos 5000 at iiT2l2a. August Belmont
& Co, Nes York, Sif0.90 ~ lie -. Inn
portsra' & Traders National bank,
/ Snw YORK. 10000 ~ tiGpa@Is
~ & ffff ~ ss1..
Secretary Trust aud safe Deposit COM
pany. Wilmington. Del, 10000 at
ff6 la8 Wisconsin National bank Nil
wAukee, &ti .tsp0 81 it7.2l2s: kank Of Mans
field. Ohio. 5000 AZ ii7gl5s Brown Bros.
NeS org. xao,o0o Al lie. 70. Brown. ship-
ley 4 Co. London, 100000 A. ifa Is:
Continental bank, Chicago. 500 600 At
1859. 10000 81 10. 5000 at ilg.05: l..
W MORRISON, New 1o-k, s@u0. u9 az fta.1i.
Wisconsin National bank. Milwaukee,
5000 a. III. FIRST National bank,
Grafton. w. Va. sii5.Oo NJ lie; First
Ii6f 70; Nassau bank. New York. so. 90
liHi0. $4,000 A. uGiG. 10000 at
lIg =. 10000 at 1866, Meksen X
Co. Terfs HAuic. Ind. 1850 az
il6O0s; Marshall Il Isley. Mliwaakse.
500 a. ii06; Indiana Trust COM
nany. Indianapolis. 81. ooo.ooo at ii8;
National branch bank, Madison. Ind,
$500 az iiG los. Atlas National bank.
Cincinnati, si0o. 90 20 ilsiz: Bank OF Lenor,
y. G.. 81, so a. 80. $1,000 81 ilesls1:
Goldman, sachs a Co. New YORK. $4,000
at it5 i28: s2D0001 as iib. 81; $500 a.
III s56 k2n00D At Ii6.6ZJ, $40. 90 50
iiGB15. $4,000 at IiaT5. Manhattan
Trust Company. New York. 1900 000 at
1851; Watjsn. Tosl Il Co.. Ne@ York,
$1,000 az fia II: $1,000 st fis 81: 500
go ~ ii6J ISL; 800. .000 ct 1Ig.sii: 500 30
a. III 7si: Chase National bank, New York.
$50. coo st iIg so. George J. MAgee. Corn
sng y. Y, $4,000 a. il6 Es3: $500 al
Ifs SO: SIS OO0 Al Tie Isl $500 NJ lih COS:
Suffolk Savings bank. Boston, $50 90 ID
iiG 20; FHrsen. Leach 4 Co.. Nss YORK,
$50 80 ~ lIB5<. go 90 ag Il8 35; 500. 30
az ls8 IS: Ssw YORK Life Insurance Conn
pany. Nsw YORK, tz.5ooOoo az Iigs.;
Thames National bank. sorwiea, Coan.,
s.. l.oU9,000 az fIgSs; sgeyer 4 Co. sew
YORK, 10000 al ILL 10: Old Coaonv
Trust Company. Boston. si.01.O00 as
| f1g ~: the City National bank II Sew
York submits JOINT bsd Tor Lbou. g, 90. 90
st vafaons prices. ranging from iita50 TO
III -. Farmers loan aad Trust Com.
/ pauy. ts.04as0 As Il6 los: Redmond.
Kerr a. Co., New YORK, 81 10000 az
It's rs. Fourth Nasicnal bank. New York,
81 30. CO.. a. us. First National bank. Cin-
/ clnnAii. 81 80 90 a. flf1T8