The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-11-27
STEWART GETS THE BONDS.
Secretary Carlisle Accepts the Bid Of
the Syndicate.

IN the Advantage of the Government. !
A Limited Amount of the Bonds
offered for Sale to the Public at 119. |
The Treasury to Gain at Least $780, |
100000 of Gold by the Transaction. |
Text of the Successful Bid and the |
Names of the Purchasers.
Now York. Nov. 26-The sale of the $50 /
o,.n new government per cent. bonds |
"a the Stewart syndicate is gratifying to
She officials, as the members of this syn /
ftrate have arranged to procure all their
.,9Idoutside of the treasury. The treasury
will gain at least $50, 100000 on this account
Already members of the syndicate have
begun to deposit gold. There is only one
unfortunate feature in the sale of the
bonds to the Stewart syndicate. Fewer
bonds will go abroad as between $4,000 900 /
and $4,000 900 would have been taken for
foreign houses outside the syndicate if the
Stewart bid lad not been accepted. There
are a number of foreign houses reported
in The syndicate but as the disposal of the
bonds will be solely in the hands Of four
members already mentioned few of the
bonds will be sold abroad, and for that
reason the check to gold exports will not
be so great as was expected.
There was a brisk demand for gov
ernment bonds to-day and at the
last call the February issues ad-
vanoed per cent. to 11S 3-S bid
for the registered and three-fourths
for tie coupon to lis ga bid The new
rlal to he Gtayr rsf- ATof,
syndicate are IFS 10 bid All the govern
ment issues were stronger, the per cent
rising and the As one-half a point, The
Pacic 6's advanced 1d1-2 per cent.
j. Pieremont Morgan said this afternoon
that persons wishing to obtain the new
bonds can procure a limited amount, the
first $50J)0OO any way, at 119. 1t is said
that John D. Rockefeller of Standard Oil
fame had a $4,000 900 interest in the syn
dicata. but he will be allotted only $5,000,0O0
of the bonds.
The steamship Lucania from Europe
yesterday brought $5OoO0o American gold
coin to the bank of British North Amer
lea The steamship Paris, from South
ampJou also brought $500,000 gold coin. The
entire amount was put into the sub-treas-
Ury.
Washington, Nov 26.-The Secretary Of
the Treasury has accepted the proposal of
John A. Stewart, president OF the United
E2tttE7 IL uHl COMPANY anu MS els9oONlclNNo
to purchase the entire issue of 5 per cent
bonds, amounting to $50000,000, at SHOOT
with accrued interest from Nov. 1, The
proceeds of the bonds under this bid viii
be Ss,JlI62 greater than they would be
if the other highest bids were accepted
very important advantage to the gov
eminent in accepting this bid is the fact
that all the gold will be furnished outside
and none drawn from the treasury. 1t is
also more convenient and less expensive
TO the department to deal with one party
rather than with many.
Secretary Carlisle was informed late
this afternoon that the Stewart syndicate
had paid into the sub-treasury at New
York to-day, on account of the first in
stalment, $l8O0O,O0O in gold. Assistant
Secretary Curtis stated this afternoon
that 100000 of the new bonds were all
ready to be delivered and the balance
OF 2i5,0l0,000 would be ready for delivery
after Dec. 3 next.
The following is the text of the accepted
bond bid:
Hon John G. Carlisle, Secretary of the
Treasury:
New York, Nov. 26 1894.
Sir-We hereby propose, under the terms
OF your circular of Nov 49, 1894 to pur-
chase United States per cent. ten year
bonds described in said circular, of the
lace value Of 100000 600, and we agree to
pay therefor at the rate of $117O77 and ac-
whole $5000O,O0O, but not for any lesser
amount. We further agree, upon due
AoLce of the acceptance of this sub
Senpuon, to deposit the amount thereof in
god coin or gold certificates with the
United States Assistant treasurers at
either Boston, New York, Philadelphia,
Baltimore, Washington, Cincinnati, Chi
g9go, St. Louis, New Orleans or San
Francisco, in accordance with the terms of
said circular
We desire Cregistered or coupOn) bonds
IN denominations as stated below, and we
"'sh them to be delivered to us as fol-
lows; $400OO,00O at New York; $3,OOO,OOO at
BOSTON, 100000 at Philadelphia; 81, ,0OO =
V' at Chicago and 81, ,000,00 at San Fran
cisco, or other United States treasurers,
as may be approved by the treasury de-
partment
iSigued)
United States Trust Company of New
York, by John A. Stewart, president.
DieNel Morgan & CO.
ynlon Trust Company of New York. by
L4Ward King, president.
The First National Bank of New York,
Iy Harvey Fisk &. Sons.
The denominations of bonds desired are
stated as follows:
coupons, $4,000 in $50 bonds S25,OOO in
S'l bonds and S34 $4,000 in 1000 bonds
ana sl5'W1OOO in registered bonds Of $4,000
he1omination.
' Aol4OMillB duQllOndl statement II
made In the bid:
fof information Of the department we
'.- To state that the following corpora
1'.7 hrms and individuals are interested
win us in this bid
DfeNel g. Co. of Philadelphia; J. S. Nor
sam 's co. OF London; National Bank OF
'Mnerce in New York; Chase National
i,'Ht Of New York; Fourth Nationa
,,'"h of New York; National city Bank OF
a." York. Hanover National Bank OF
"'" York; First National Bank Of Chi
@3' Mutual Life Insurance Company
N'W York; Gallatin National Bank o
." orE; Merchants National Bank o
york; Manhattan Company Of New
.'H. Morton, BliGs & CO. OF New York
.'telhach, lCkleheimer g. co. OF New
.H J. a. 3. Wormser OF New York. j
W. Sellsman a. co. OF New York
~ CO. OF New York Ncrmily a. co
N." York; s. s. smithers d Co o.
" YORK; Edward Sweet a. Co. Of New
f hount2 Bros OF New York. Laid
h go. of Now York. B0wtry Saving
'i New York, knlckorbocker Trua
.HiNE. Greenwich Savings Bank O