Fisherman & farmer. [volume] (Edenton, N.C.) 1887-19??, 1895-03-01
GREAT Rush FOR BONDS.
Big Scramble for the New Four Per
Cents in New York.
ALL TAKEN IN A FEW MINUTES.

Bids Received for More Than Ten Times
the amount of the Loan of So, &c.,
OoO---Fo-eign Financiers Showed Great
Eagerness to Get the New Yankees -
selling at a Premium.
Subscriptions for the much-talked-0f four
per cent. bond issue. which is to supply the
United States Treasury with S65 .000, 900 in
gold, were opened simultaneously in New
York City and London. With the opening
and rapid closing of the new bonds. brief
visit from Secretary Of the Treasury John G.
Carlisle and reports that Londonc-s had gone
Wild in their efforts to subscribe TO what
they facetiOusly termed the New Yankees, ;"
The New York financial world generally hal
sufficient to occupy its attention for one day
at least.
Long before the banking houses u J. P.
Morgan Il Co., and August Belmont d Co..
who received subscriptions, opened for bust
ness, messengers with blank bids filed out
stood in line ready TO subscribe to one-hGif
Of the S62, 000,0 900 four per cents, which por-
ton the big foreign syndicate is under con-
tract to sell in this country.
At 10 O'Clock the subscript ons were re-
ceived, and for exactly twenty-one minutes
all blanks presented were taken. It was eX-
actly twenty-one minutes past 10 o'clock
when the big subscription closed.
In that time every dollars worth of the
S31 600, 600 bonds was subscribed for ac-
cOrding to estimate, twelve times over. and
those whose subscriptions will be received
had the gold 10 pay for them either in the
Sub-TreaSuTy or i'll one of the several banks
deputized to act as repositories for the Gov
eminent.
According TO the announcement of Messrs.
Morgan and Belmont on behalf of the syndi-
cate, the right was reserved by them to reject
any applications, TO allOt smaller amounts
than had been applied for and to app0rtion
aiiOtments between American and European
applicants in any way that they might deem
best.
The amount of the entire issue of the new
four per cent. bonds is 962, 500, 600 in coupon
form of $50. 800, $1,000 and registered form
OF $50, $780, $1,000 and $4,000 each. They
bear interest from February l, 1895, when
they are dated, and are payable at the pleas
ure Of the United States after 1925, when they
mature. Interest is payable quarterly on
February l, May 1, August l and November l.
Tho price of the bonds to the public is
1925 Of which 12M per cent. is payable on
the allotment and the remaining 100 per cent.
upon the delivery of the bonds with interest
at four per cent. year from March l.
The bonds will be delivered as soon as they
are prepared and executed by the Treasury
Department. It has been arranged that pur-
CutSeIS VINO ueSlTo 10 cOulplSIS THEIR pay
ments before the delivery of the bonds shall
receive negotiable receipts.
The other half of the e62. 315, 900, which, in
like prospectus to the one issued in this
country, was offered in London by Roth
schild & Sons and J. S. Morgan & Co.. 1t was
announced by cable despatch has been sui
scribed for ten times over. A later cable des-
patch announced that the bonds were Mt a
premium of four per cent.
Secretary Carlisle and his son, William K,
nal
dan at the United States Sub-Treasury in
New York during the morning. Mr. Carlisle,
hen questioned by reporter, declared that
ne had not word to say for publication on
the question of the new loan or any subject
connected with his office. He said, however,
that he already knew of the great over-bid-
ding for the bonds and Of the success of the
loan.