The daily morning journal and courier., 1895-02-14

evening for signature. Most of them
 will not be signed until tomorrow. All the members of the syndicate con-
 tract not to draw any gold out of the
 treasury for the bonds or during the life of the syndicate directly or in- directly and the foreign bankers, gold exporters, and drawers of exchange who are members of the syndicate, fur
 ther stipulate that they will not ex- port any gold during the same time.
 The sale of the bonds will be abso- lutely in the hands of the managers of the syndicate, and they will be able
 to enforce the terms of the contract without difficulty through their ability to control the exchange market, if in no other way The managers could, of course, undersell any firm which un- dertook to put exchange up to the gold exporting point.
 It was said to-day that a few banks would receive the full amount of bonds they subscribed for These banks were the few who volunteered, and were early identified with the movement As a rule, however, other subscribers only receive 50 per cent of the amount desired and some less than 25 per cent Some, if not all of the subscribers have been asked to turn in more gold than their allotments called for. For the excess they are, it is said, to receive legal tenders. The names of those in the syndicate will not be made public until they have all executed their con tracts with the managers. In no case, it is said, will the amounts which they take be made public.
 Deposits of gold coin continued to be made to-day in the assay office, for ac- count of the Belmont-Morgan syndicate, but after the first two the names of the depositors were withheld, only the amounts being given out. The total amount received up to 2:45 o'clock to- day Qncludng $4,390,O0O deposited yes terday) was $5,215, ,000
 Dow, Jones & O. printed the follow ing this afternoon:
 We understand that allotments (for the new bonds by the syndicate mana gers) are very small. One firm sub scribed for $2. OOO, 900 and has been allot- ted $150,000 bonds. Others, according to priority of application, fared somewhat better. The syndicate contract provides that each member must be responsible to an extent proportioned to his sub scription for replacement of gold in the treasury as it may be withdrawn dur ing the life of the syndicate. The syn dicate agrees to keep good the S100000,- 900 gold reserve. For the first $62, 900 gold deposited the syndicate will receive new bonds. For additional gold depos- tied the syndicate will receive green backs or treasury notes. In other words, an endless chain is established to deposit gold just as 1t exists to with draw gold. This chain continues, how, ever, only until the syndicate has put up twice the amount of the original gold for which it received bonds. After that a new deal will probably be made if The foreign houses partici pating in the syndicate agree not to ship gold during the life of the syndi- cate, and all agree not to withdraw gold from the treasury directly or indirectly. To facilitate the accumulation of gold each member of the syndicate must put up a certain proportion of gold more than is needed to pay for the bonds al- lotted to him. It is called a "gold bo- nus" to get in.