The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-19

public that a rate Of S12 per cent. would
&c obtained. This is equivalent 10 a lit
lie over 1895. The actual amount paid
by the contractors is 10l 1895. or a shade
below the rate Of 5ss per cent. The differ
ence ~ the two prices is about 43i or
somewhat under s. 600. out of which is
10 be paid the expense of controlling the
market for exchange. the difference be
tween London and New York being
cents on the pound, or over 1 per cent.
on the transaction; the necessary commits
sio1s, interest, .taxes-which are very
heavy abroad-and any fiuctuation which
may take place before the entire amount
IS marketed and in the present condition
Of financial affairs the sale of S62.000o 900
OF securities would almost necessarily
drop the price several per cent
A computation made in official circles
fer the Information of several senators
shows that the Relmont-Alorgan contract,
as agreed on, viii yield. the syndicate more
than S2t0,0O0 in the difference in the value
Of ounce gold and gold coin of the stand
ard weight coming within the limit of
tolerance.
Washington. Feb. 1S.-Secretary Carlisle
late Saturday evening gave the order to
Chief Johnson Of the bureau of engraving
and Printing, to proceed at once with the
printing of So 10000 four per cent. bonds
on 334 per cent. basis to run 30 years, for
delivery to the Belmont-AIOrgan syndicate
as per their contingent. agreement entered
into ten days ago. This agreement pro-
vided that unless congress within 10 davs
authorized "a per cent. gold bond. the
Secretary Of the Treasury would sell to
the syndicate S62, 10000 of per cent coin
bonds on a S3t per cent. interest basis.
for which the government would receive
0,000 in gOld. The time expired Satur-
day, and the directions were given as
.frsss /. -.
will be printed are nearly finished the or
ders for their preparation having been
given last week. The plates will be of an
entirely new design. Those ordered printed
are registered and coupon bonds in the
following denominations Registered. $50
500, 81 600. $4,000 Coupons, $50, Sl0O 81 600
The paper used will be the treasury dis
tinctlve paper, large supply of which is
on hand. This paper is all ready for use
as is is always kept on hand
in thorough preparation. In gen-
eral appearance, the new bonds
it is said, will be quite handsome.
The face OF the bonds will contain the
text of the law authorizing their issue. 1t
is understood that the tinting on the
back of the bonds, which is the first pro-
cess In the printing will be begun at once,
but the completed bonds will not be ready
for delivery for several weeks. The print
ing OF the small denomina tions will be de-
layed to the last
New York, Feb. 1S.-The Belmont-Mor-
gan syndicate continues to deposit gold
as rapidly as it can be secured. The de-
posits in all of the sub-treasuries and le-
gal depositaries of the country at the close
of business to-day aggregated $4,000, coo.
The deposits in the local sub-treasTy
now amount to 81, 5O7,3S2.
The idea has prevailed that as soon
as the gold deposited here reaches
soon as the gold deposited here reaches
$50, 500 900, deposits will cease until further
amounts are brought monthly from Eu-
rope. 1t is probable, however, that the
syndicate will continue to desposit gold
here until the whole $65 900 is in the
treasury, borrowing all gold over $32, 500.
600, and repaying the money lenders as fast
as gold arrives from abroad