The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-01-02
NEW DONDCONTRACT SIGNED
REPORTED THAT MEMBERS OF
THE NEW SYNDICATE HAVE
AFFIXED THEIR SIGs.
$2OOO,OOO,OO0 WAS ARRANGED FOR
The Government to Take Half, With an
Option on the Other Half-A Possible
Postponment for Few Days.
Other Notes.

New York, Dec. 31.-The Evening Post
in it's last edition says:
"a contract was signed this morning
by all members of the new bond syndi-
cate subject to the formal acceptance
of the government The syndicate agrees
to furnish one and half million of
ounces of gold, amounting to about $780,
100000, the government to take one
half of this sum first and to have the OPP
ton of taking the other half and to deliver
per cent thirty year coin bonds at about
the same price as paid for the last issue
of bonds, the managers of the syndicate
to receive commission of l per cent.
The price at which the last bonds were
taken was 104.49, at which they yielded
3-4 per cent interest"
The same paper says further:
"The most interesting piece of news
in financial circles today mot to include
the report that contract has been sign
ed by j. Morgan & Co. for new gov
ernment loan) was the announcement
that Lawson. Wardenfeld & Co. had or
dered 100000 in gold from London and
| that it will leave ON Saturday. The firm
| mentioned is a new one. A member of
it, when asked for some particulars of
the transaction, could only say that the
firm wanted the gold; that they were not
acting for any one else and that it was
| necessary they should procure the gold
| from outside the United States A Gu
rious thing in connection with the i'm
portation of gold by Lawson, Wardenfeld
IL Co. is that the bankers who sold them
| the exchange on which to import the gold
| will have to export gold to cover their
bills. Foreign bankers, however, said
there was no doubt that for some time
imports and exports of gold would occur
simultaneously in consequence Of the un-
| intelligent action of congress and the
terms ~. which the subscription to the
new q ,ernment loan would be received.
1t was reported today that the syndi-
cate in the first instance was made up
of J. p. Morgan & Co.. the City National
bank, the Hanover National bank and
German bank; that Messrs. Morgan &
! Co. would take $50,000,000 between them
and the German house 25,000,O0O. 9th
er banks and Institutions are to be al
lowed 10 participate at price in what
Is NlTluuly u Dc II DliHu pun, Iut lOul
members of the syndicate mentioned
handling the bonds. Further proof was
received today of the orders given by
London bankers to claim gold for all cou-
pons payable in gold, due on January
1, and remit gold, or, as in some cases,
retain it subject to order. In the event
of nonpayment in gold, protest thereof
is to be made. Many bankers also re-
ceived similar instructions today from
interior banks with regard to coupons
of the Pennsylvania Railroad company
and the other companies falling due on
January .. These banks, some of them
in Pennsylvania, instructed their agents
here to remit the gold to them by express.
Bullion dollars today bid Use premium
for gold but could obtain none at that
price. The lowest offer was made at
1 1-4c premium, and at that rate one for
eign house said it could be imported at
a profit. 1t was announced at noon that
the gold shipped from this city to Lon
don on last Wednesday had been purchas-
ed for American account in London.
and would be returned on the same
steamer. The price paid was I'D per
ounce higher than the Bank of England's
bid.
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