Evening journal., 1895-02-01
BONDS TO co ABROAD
An Issue of $Ioo, 900, 900 VII
Be Made at Once.
RoTHsoHILDs TO TAKE oNE-HALF

Other Foreign Bankers WIN Buy Anothea
Quarter. and s25,OoOOo0 Worth VIII
Stay at Home-Arrangements Made Ii
New York by Assistant Secretary Curtis
NEW YORK, Fob. The administra
tion and foreign banking syndicate, Il
Is confidently asserted, have reached an
agreement, and unless something happen
TO Interfere with the present plans bond
Issue may be made late today or tomor
row.
At themeeting Of the cabinet which will
be held in Washington today Secretary
Carlisle, il Is understood, will report thai
the foreign bankers have agreed to sub
scribe to an issue Of bonds, and that they
advise one Of 500, 000 600 at per cent
Authority to issue these bonds was Civ
en- to the secretary of the treasury under
the resumption not of 1870. Under thil
act here arc three kinds of bonds which
the secretary may issue They are pei
cent bonds which run ten years, AZ pei
cent bonds which run 10 years and 4 pM
cent bonds which run 30 years. One reason
why the per cents have not been selected
Is that the German bankers say that Ger
many has not handled per cents aud
would rather stick to the 4s.
II was practically agreed yesterday al
conferences held in tho subtreasury that
bond issue for 500, 600, 600 at per cent
would be taken, and the assistant secre
tary of the treasury, William E. Curtis,
who represented the administration, in.
formed the foreign bankers who were
present that their views would be submit
ted 10 the administration today.
The banking houses of August Belmont
& Co and J. p. Morgan & Co represent
the foreign syndicate the former acting
for the Rothschilds. who will take $50
600. 600, and the latter representing tic
otbor foreign bankers. 1t is u u.1erstocd d
that $40. 600 0DU Of the issue will Se placed
abr, ad and the other So 0Uo, OO0 with tbs
New York banks.
Rothschilds WIN Take some.
II was said that the bonds may not be
placed abroad directly, but may be sub.
sorihed for by the syndicate and left 10
the keeping Of the treasury The syndi-
cate could then sell its obligations abroad
with the additional security Of the bonds
held here
The terms on which the ( per cent bonds
will be issued we not learned, and va.
rious reports were beard in Wall street
about the proposed issue One report was
that the government wantod TO sell the
bonds outright, but that the foreign bank.
ers wanted to advance money on certifi-
Gates of deposit and eventually to get
new por cent bond according to q law
whiG b might be passed at an extra session
Of the new congress, or else a per cent
bond under tho present law on pei
cent basis.
Ono feature of the new issue is that
pending the receipt Of the gold from
abroad. the New York banks viii advance
the government as much gold as 1t wishes
This, however is questioned on the grouDd
that the banks could not legally make
such loan.
Foreign Bankers Called In.
The fact that Mr.. Curtis, the assist
ant secretary was In New York caused al
sorts of reports in WALL street yesterday,
and when 10 became known that he was
here to find out whether OF not the foreign
bankers would subscribe to a government
loan there was much comment that the
secretary himself did not come to perform
this important work One year ago Score
tary Carlisle came to New York a-begRinR
and he found that the New York banks
were willing to help the government out
Yesterday the New York bank presidents
were not consulted by the representative
of tho treasury department but he invited
the heads Of all the foreign banking houses
to meet him at the subtressury, and as
result bond issue will undoubtedly be
made.
Before President Cleveland issued his
last special message August Belmont was
IN Washington, and be conferred with
the president about bond issue which
would be marketable abroad. and he was
told to go ahead and form a syndicate
Yesterday Mr.. Belmont. representing the
Rothsohilds, Informed the assistant sec-e.
tary that he could place $50, 00O 600 with
the Rothschilds and then j. Pierpont
Morgan was called in, and he agreed to
look after good part Of the loan in the
interests Of other houses