Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-02-16
FIRST IN>TALMEN'f.
Payments for the New Government Pour
Per Cent. Bonds.
n. Y. suB-TREAsuRY TANNED.
II Is Almost Impossible to Get Into
the Observation-Disclosures at One
Time Brought to a stand
still.

NEW YORK, February 15:-To-day was
the last day for the payment OF the
lrst instalment on the new slO.cOO,vo
4-per-cents. of 1895, just allotted by the
government. The Sub-Treasury, in con-
sequence. was damned by bond-pur-
chasers, and 1t was almost impossible
to get into the coin-room. Business was
brought TO a standstill at one time by
the arrival OF party OF Philadel-
phia sight-seers, who crowded into the
Sub-Treasury, bent on catching glimpse
sof the store of gold. Assistant-Trea-
surer Jordan refused to permit them
to visit the vaults. pleading pressure
of business. Assistant-Treasurer Jordan
gave notice at an carly hour that he
would close the Sub-TreasuIy doors at
O'Clock sharp, and that no one would
be permitted TO enter after that hour.
Another batch of 100000 OF the new
bonds arrived here to-day. making
total of 100000 thus far received. Trans
actions i'm the board In the bonds were
heavy, and one lot Of $4,000 sold at
lis rs
The Hanover National Bank this morn
ing deposited 1900 0C0 on bond account,
making the total since February Sth
$s,6l391. Zimmerman d Forshay with
drew 10000, making the total with
drawals since February Sth $6.358 so.
Boston special states that William
Graves, OF New York. yesterday sold
his option 70 take A,5O0,00o new govern
ments at 1881 to the City National
Bank for $50 90.
1t Is stated that the deposits OF gold
at the Sub-Treasury and the national
bank repositories amount TO over $780,
CO.,
PREMIUM on GOLD.
The premium on gold to-day were nomI-
nally il to 1-2 per cent. Greenbacks
were JIG bid, and offered at is per
| cent
| The doors of the Sub-Treasury were
| closed promptly at o'clock, and Assist
ant-Treasurer Jordan announced that no
| new business would be done to-day
| lie said that II II was found that
| any OF the bond-bidders had made gold
| payments not up TO the amount re-
| CURED, arrangements would be made
| for them to complete payments later on.
| II was announced to-day on high
| authority that Mr. Morgan's recent visit
| 10 Washington was for the purpose OF
| consulting Wit Fecretary Carlisle I'm re-
| gard to the defaults by bidders II
| was arranged that Mr.. Morgan should
| buy all the bonis not taken by bidders
| Al the same figures. 1106S7, as that paid
| by the Morgan syndicate.
| The Graves combination which bid
| for N.5O0,0oo of the new bonds. did not
| nay their first instalment to-day. not
| wlthstanding the fact that the Treasury
| officials were notified this morning that
the 20 per cent. due would be turned in.
At the office of J. Il. Newcombe G. Co,
| where Graves has his headquarters, II
| was stated that the latter had left for
| Washington.
| TOTAL PAYMENTS, Si2sSS.7i6
| WASHINGTON. d. c., February l5.-
| win the close of to-day the last day ex-
| pres In which the first payment OF 20
| per cent. can be made on the new bonds.
| The total payments. as reported 10 the.
| treasury TO date. have aggregated s62-
1876, or more than 80 per cent. Of the
total issue
| The Morgan syndicate paid In all of its
purchase-money to-day, with the object
IN view OF catching any of the defaulting
| bidders bonds, to which they are on.
| titled under their blanket bid of 11OCS77
| for SloOW0Oo0. or any portion thereof
| How many bidders defaulted. in what
amounts, and who they are will not be
! known at the Treasury until Monday or
/ Tuesday next.
| The difference In standard time made
| the hour AZ which bidders could pay their
| bonds, reckoning from east to west. three
hours later than New York time at San
! Francisco, and one hour later at Chicago
| and st. Louis.
| GOLD RESERVE. s77.1S2. sG3.
| At the close Of business to-day the
| Treasury gold reserve. with to-day's de-
| posts at New Yorl. excluded. stood at
| s0.l32,S6 Since January 9Th. when Seore-
tary Carlisle invited bids for the new
bond issue. TO date. s27452,S54 in gold has
| been withdrawn from the Treasury. Of
| this 50 iOiOS2 is reported as having been
| WITHDRAWN for export, and the balance OF
| $lS,OpOO was withdrawn, presumably, TO
| pay for bonds. H. is stated. from re-
liable New York advices. that the firm
| OF Zimmerman & Forshay alone have
| withdrawn S,s51e}3.
| The Treasury Is prepared 10 deliver the
| bonds as rapidly as called for
| FLORIDA RAIDS M.s<INIENITE