The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1896-02-06
THE SALE OF BONDS.
Bids Opened at Washington
For the Issue.
TAKEN -FOUR TINES AND OVER.

IAhbh tOuk fiabS AND OFbh
The Treasury Department swarmc with
financial Men Prom All over the
Countsy-There Were s5os nids, AZ
Ersgatlng over s3so.egs. 800. Ranging
In Price From Par TO no.
WAsmXSoS, Feb 5.-Tne secretary
Of the trcaNary today opened bids fo-
the purchase Of SlO0,oo0OO0. United
States per cent 9O.ycar bonds which
had been received under his call. daoi
Jan. @. last.
The bonds, which are redeemable ia
coin. will be issued in denominations
OF $50, or muitiples Of that sum. as may
be desired by the bidders Only Unit II
States gold coin OF gold certificates viii
be received Ia payment Of bonds. Un.
der the :orms OF tho secretary circular
calling Tor bids the FIRST payment OF %
per cent aud accrued interest must be
made upon tbs recsip; o. the notice OF
acceptance o. the bids The remainder
Of tho amount Of the bid must bee paid
IN iustallmonts Of 10 per cent each and
accrued interest az the end OF each 10
days thereafter. Accepted bidders.
however, are allowed o. pay for the
whole amount OF their bids 90 the drst
installmout ut any time previous 20 tho
maturity Of tao last insilllmcnt pro.
ylled all previous insialments. hal
been paid. The bonds bea- date OF Foo.
{, 1896, and will run 30 years from thAt
date and viii therefore mature Fob. 4.
1925
At0a. m. forceoi CLERKS in the loans
and currency division BEGAN the task Of
opening and scheduling the bids. the
CLERKS ompoyed in this work were NOT
allowed to leave the room until tho time
for receiving bids had closed, so tina.
by no chance could any information ia
regard 90 bids be prematureiy disclosed
Tho bids were announced from tho
schedule already prepared m thc socre.
tary's Office, where a large number OF
bidders and representatives Of the prcss
had gathered
The interest manifested In the open.
ing oi the bids lar exceeded that attend.
ing either Of the other and as early as
$50 O'Clock prominent capitalists from
New York and other eastern cities Dee.
gan 90 arrive az the treasury. Many %.
Thorn called on Assistant Secretary Cur.
lis. who explained what arrangements
hal been male fog the opening. THO
opening aud scheduling OF bids was con.
Quoted under the direction Of Assistant
Secretary Curtis by o committee. con.
sisting OF Mr. Morgan, Um,cd States
treasurer, Mr.. E,kies. comptroller 81
currency, and Mr.. Harrington. caisg
Of division ~ loans and currency.
Al the morning bids came ia Rapidly.
swelling largely tho a.rcldy long string
OF bidders. great aud small Every
train ANA every mail brought lot OF
bond bidders. and az % o'c,o's the ex.
pectauons o.. the treasury officials were
rising and predictions were msde freely
that the lean woali be largely over sub.
scr.boi aud tho, The bonds would is.ur
a good price
40 1880 o'clock the largo crowd as.
somb,ed at the secretary door was AL.
owed 10 on;o-, and oil the space was
soon occupied
Secretary Carlisle entered tho room
at le o'ciocD The room at thar uuo
was so densoly crowded 70 was with
mu,h d On u.ty hc could mako hi, way
70 his seat
Mr. Eckles Of the committee nn.
nouncoi tha, up 60 . O'CLOCK there had
been received 500 bids uggrogatlue
(a6o $4,000. ranging IN price from par
70 ilo aud a fraction and that other
bid NOT yer opened, would probably
raise the number 90 l5C0. aggrogatiue
SIS OUl.UOO more.