The silver blade. (Rathdrum, Idaho) 1895-1903, 1896-02-08

SCneOullng unem. Inc Dulk OIL WoIh
was then thought to be over, at least
except for few bids for large amounts,
but the morning mails brought in at
least 1000 more bids, which had the eff
feet of greatly disarranging the plans.
The interest manifested in this loan
far exceeded that Of any preceding ones,
and when the hour for opening the
bids arrived the south corridor Of the
treasury building in the vicinity of
Carlisle's Office was crowded with bid
ders, or their representatives and news
paper correspondents.
When, at II 80, the door Of the secre-
tary's office was opened rush was
made for seats, and In a very short
time no available space remained un-
filled. So great was the crowd that to
afford easier entrance and exit, the
door was removed from it's hinges.
The interest manifested today at the
treasury department in opening the bids
for the present loan far exceeded
that attending either of the others. AS
early as $3.50 o'clock many prominent
capitalists from New York and other
eastern cities began to put in their ap-
pearance at the treasury. All morning
bond bids came in rapidly, swelling the
already long string of bidders. Every
mail brought list of bond bids, and at
IL o'clock the expectations Of the treas
ury officials were rising and predictions
were made freely that the loan was
largely over-subscribed and the bonds
would bring a good price. At 11:3O
large crowd assembled about the secre-
tary's door was allowed to enter, and
ali the available space was soon occu-
pied. The opening and scheduling of
the bids was conducted under the direc-
ton Of Assistant Secretary Curtis by
committee consisting Of United States
Treasurer Morgan. Comptroller of the
, Currency Eckels and Mr.. Huntington,
chief of the division of loans and cur
rency.
At 12:45 Mr.. Eckels OF the committee
announced that up to that time there
had been received 1907 bids aggregating
$3.50, 232, 500, ranging in price from par
to 119 and a fraction. Other bids not
yet opened would probably raise the
number to $500 aggregating $75,000,000
more.
The big syndicate bids were not re-
ceived until this morning and the result
was that it was impossible at 1 o'clock
of treasury clerks is being swamped
with the work Of tabulating the vast
! number Of bids received prior to today.
OF these earlier bidders, with the ex-
ception of Robert E. Glendenning Of
Philadelphia, 100000 at 1875 and AL
bert L. Judson, 100000 at 1875, all bids
were for amounts below half a million,
ranging from IS to about 100000.
Joseph Pulitzer bid for 81 900, 900 at ia.
In a note accompanying the bid Pulit-
ger says: "This bid, at the highest mar
ket today, is in lieu of the offer Of the
New York World to head the list with a
subscription Of $1,000,000 to a popular
loan on the basis, which was not adopt
ed, of an open subscription at a fixed
and equal rate"
j. Pierpont Morgan, Harvey Fiske &
Son and the Deutscher bank of Berlin,
as a syndicate, bid for $100,000,000 at
| 110.6778. Up to lao 1910 bids for $685.
269,950 had been opened.
Secretary Carlisle entered at 2 o'clock.
| The room was so densely crowded that
| it was with much difficulty he could
make his way to seat.
| Secretary Carlisle was greatly pleased
at the brilliantly conspicuous success Of
the loan and said it showed what the
people of this country would do when
appealed to. He thought the effect
abroad would be very marked in our IA
| vor.
| It would be impossible with any ordin-
airy Geographic Of topographic facili-
ties to give complete list of all bids,
and save as matter Of history, no i'm
portance attaches now to any bids nam
! ing below 1106S77 From the list of
| hiddora at and ah0vo fhat Au1lra III q