The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1894-12-01

Washington, Nov. Pain conformity
with his circular dated November 10,
1884. the secretary of the treasury to-
day opened the bids which had been
submitted for a new bond Issue Of $780,
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
rotary Is taken under the authority con-
tanned in the act of congress approved
January IA, 1875, entitled IAN 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 offic-
ials for the purpose of deciding wheth-
er the bond proposals should be opened
In public or In private. At 12H5
o'clock 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 large gather.
ing Of correspondents who could not,
owing to the limited capacity of the
room, be admitted.
Among the bidders present were Mr..
]. Pierpont Morgan Of Drexel, Morgan
& Co., bankers OF New York; Robert
Bacon Of Il. Rollins. Morse & Co., bank
ers, Boston; Albert Stetheimer. broker,
New York; II. 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
dictate and bankers OF New YORK, Lon
don. Philadelphia and Boston, and was
for s5O,OOO,OOO at S116,s9S. The bid
ders included the Drexel-M Morgan COM
pany, United States Trust Co. Of New
York and the large New York banks.
The reading Of the bids closed at 1:50
p. IN. The aggregate, including both
bids of Drexel. Morgan & Co., amount
ed to about S155, 000, 600; counting only
one of them S1O5, 100000.
The $50, 000,O 600 bid provides that 81
900, 600 OF the bonds are to be delivered
In New York $1,000, 600 at Boston. 49,
100000 at Philadelphia, s2,OO0,OOO at
Chicago and 100000 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 that
the following parties are interested
with them In the joint bid: Drexel &
Co., Philadelphia; J. s. Morgan & Co.,
London, National Bank 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; Mer-
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. Il y.
W0rmster, New York; ]. Seligman IL
Co., New York; Blair & Co, New York;
ycrmllge e Co, New York, II. y.
Smlthcrs & Co.. New York; Edwards,
Sweet & Co., New York; Kountz Bros.
New York; towering Savings bank,
New York; Knlckerbocker Trust Co..
New York; Greenwich Savings bank.
New York; Cooper, Hewitt 4 Co., New
York; A. II. Emo, New York; A. Orr OF
Brooklyn Savings bank. Brewster,
Cobb Il Estabrooke. Boston; Winslow,
Ianicr e Co.. Brooklyn Trust Co, u.
Rollins, Morse 4 Bros, and Blake
Bros. Il Co.
A second syndicate bid by the same
parties was submitted for the full $780,
900, 900, all or none, at $117077, being
a shade below 3 per cent.