The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-02-01
ANOTHER BOND ISSUE.
It Is Believed That All Arrange,
ments Have Been Perfected.
A HUNDRED MILLION DOLLAR LOAN

The Mysterious Visit of Assistant Secretary
Curtis to New York Bankers, Ostensibly
60 Gain Information, Said to Have Re-
suited in Positive Agreement.
New YORK, Feb. Assistant Secretary
of the Treasury William Curtis, who ar
rived from Washington Wednesday night
reached the treasury shortly after II
o'clock yesterday and held conference
with representatives of the leading for
e1gn banking houses in this city, includ-
ing August Belmont, who represents the
Rothschilds; George f. Crane, of Barring,
Magoun & Co., Ernest Thalman, of La
denberg, Thalman & Co.; James Speyer,
OF Speyer & Co.; Isaac n Seligman, of
Seligman & Co.. Maurice Wormser of
Wormser & Co., and Mr. Meyer, of Lazard
treeres. Mr. Belmont, on leaving the
SUB treasury went directly to the office of
j. Pierpont Morgan & Co., and had a
private talk with the head of the firm, re-
turning with him and going into confer
ence with the assistant secretary.
The three had an extended discussion
behind closed doors. At 2:20 o'clock Mr..
Curtis left the sub treasury by a rear door,
thus avoiding the reporters, who had not
been able to obtain access to him at any
time during the day.
After the assistant treasurer had gone
Sub-Treasurer Jordan accorded the repre-
sentative of the Associated Press an inter
view. He said: "Mr. Curtis came on
from Washington as the representative of
the secretary of the treasury, to obtain in
formation needed by the department., and
he has left for the Capitol with his mis-
sion accomplished, but nothing has been
sold and nothing has been bought 1t is a
fact that he came to discuss the question
OF placing government loan. AS to the
story of a sterling loan, there is nothing
In it." Mr.. Jordan would say nothing
further on the subject.
1t is confidently expected in financial
circles here that new bond issue will be
announced within few days, and the
amount of the loan is generally estimated
at SlO0,0O0,000 1t is known that the for
eign banking interests have expressed
themselves in favor of per cent. bond
hence it is believed that long term As will
be issued at price that will yield the pur-
chaser 80 per cent.
There is excellent authority for saying
that Mr.. Curtis was vested with authority
to do more than ascertain the views of the
New York bankers. All-those with whom
he conferred were representatives of the
leading financial interests Of Europe, and
the men who took the most prominent
part in the conferences is Rothschilds
representative, August Belmont, who is
credited with having formed a syndicate
of foreign houses to take the entire $780,
100000 loan with the understanding tnat
S5,OOO,OOO shall be placed abroad and $25,-
100000 at home. The gold to pay for the
bonds will come, it is said in great part,
If not as whole, from home sources, but
without recourse to the United States
treasury. 1t is known that Mr. Curtis
communicated by telegraph in cipher with
Secretary Carlisle during the day and re-
ceiyed reply, but the nature of the mes
sage is not known.
A member of foreign house which was
represented at yesterdays conference
stated to representative of the Asso-
ciated Press that the negotiations for a
government loan had been practically
completed on the terms given above, and
that the official announcement may be
looked for at any moment He also said
that August Belmont was taking the part
In regard to the proposed loan which
President Stewart, of the United States
Trust company, took in floating the re-
cent B per cent loan. This gentleman
limited that after the conference at the
sub treasury had closed Mr.. Curtis held
secret session with Mr.. Belmont, at which
pretty definite terms were made