New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-23

INFORMATION ABOUT BOND SUBSCRlP-
TONS EXPECTED.
THE HANDSOME PROFITS OF TIE sYNDIcATE-MR
ST JOHN DENIES THAT HIS BANK HAS

ST. JOHN DENIES THAT HIS BANK HAS
BEEN BOARDING GOLD
To-day the acknowledgment bond syndicate will
make public the amount OF the subscriptions re-
celve1 Wednesday for the new Government !oan
and divide among the accepted subscribers their al
lotmcnts OF the glt-edged pepper At least TINS
Is what Mr.. Morgan has said and uness he Is de-
taine'l up the Hudson. where he entertained large
party OF friends yesterday. the public may know
something further about the inside details OF the
prIncely gift Of the Administration to syndicate
of New-York and European bankers. The chances
are however that little Information about the a.
lotment OF the bonds Will be given out by the
terms Of the prospectus issued by the syndicate
the right Is served TO do just exactly as the sym
dicate p.easss IN the matter OF accepting suoscrip-
tons and making aotments. and the more the bond
situation Is studied the more evident IT becomes
that the syndicate will this prerogative. On
Wednesday morning the public had twenty-five MIN
utes put in bids for the coveted paper. ana TINS
morning most of those subscribers VIII ma their
bids rejected and their offers spurned In about the
same tine.
Men In Wall Street know good thing when they
it. and the eminent nnanciers who have mad the
handling OF this loan have not been slow in noting
the prncely profits in their work When bd OF
10 is made on the Street for the bonds which the
syndicate have offered at 1l24, why should they not
take ADVANTAGE IF Il? No reason AZ al. They eX-
press the opinion lNhl ln'N ar H'' q" wan '''~''
for their health and no one knows better than
they that such profits are to be made In these
Government bonds are not apt to happen often.
When the bond prospectus WAS made pubic MI
Morgan was quoted saying that II was merr
formally The leading people IN Wall street. VINO
are not IN the syndicate. knew this ana ala not put
IN bids. md the majority OF bidders were country
men ard city bankers VINO no. IN touch with
the situation
Resides Mr. Morgan and Mr.. Belmont there are
IN the syndicate number OF foreign banking
houses Including LazarI Freres. the S'hgnanS'
James Speyer & CO.. Brown Brothers, few banks
AMI several outside firms. including ATbIcNe Broth
or- the coffee merchants. and one or Two other
corporations which had a good supply OF gold on
hand. Nov these concerns vii not give M much
OF the paper at il2. when they can get -O or more
for b. Moreover II has been learned that the mem
bees % he syndicate will sell most % N" bonds
they hoI In Europe. FOR in 80 doing they can bet
ter stand 10y their contract With President 'i'F"-
land 10 keep intact 10 the best - their ability. the
col reserve II il immate'iii to them where the
bond. a-r soI but az long ~ they can get "a good
n pr.r, abroad ~ here ana as. by selling them
in Eur0p" they WI be- carrying ont the provisions
Of 'hc contract they have agreed 10 let the Tor
cgnsrs haze the first show. Noi more than N5'"-
o, the 500 oop''0 issue " be- put on the Amer
can market
Outside ~ those ~ the syndicate Wall street
men VINO have watched wi,h sorrow the policy oi
me Democratic party on National finance are out
spoken ~ their criticism 81 tn" latest piece Of 50
called hnanc.cr.ag 81 Pre-. lent Cleveland ami his
unskilfui Secretary ~ ne Treasury The President
brought the country lntp such condition mat n"
could no; 81 tate - private bankers but must accept
know mat ihc D.Iv OF irresponslbcs composing
Congress nave brought tho COUNTRY INTO coniiton
me, 30 NOT bei.e,~ ma, 1t Va. necessary for he
Pre- lent 20 SEM a1ioai Tor none wnicR ,'n'I DE-