The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-16
PAYING FOR The NEW BONDS.
MORGAN TO TAKE ALL LEFT on
THE GOVERNMENTS HANDS.

The Graves Syndicate Fails to Pay
the First InStaIIment ON the
sf,5OO.OOO Allotted to 1.-THE Pre-
MUM en- Cold eSoyv Z TO z Per
Ccnt.-GreenbacISs at a Premium of
1-tG 90 is Per Cent.
New York Feb. l5.-To-day was the last
day for the payment OF the first INSTALL
ment on the new SI00,o00.oO0 per cents. OF
1925 just allotted by the government. The
sub-treasury IN consequence was jammed
by bond purchasers. and it was almost
impossible to get into the coin room. Busi-
ness was brought TO a standstill at one
time by the arrival OF a party OF Phil
adelphia sight-seers. who crowded the sub
treasury. bent on catching a glimpse OF
the store OF gold. Treasurer Jordan re-
fused to permit them TO visit the vaults,
pleading pressure Of business. Treasurer
Jordan gave notice at an early hour that
he would close the sub-treasury doors at
] o'clock sharp, and that no one would
be permitted to enter after than hour. An
other batch OF 100000 of the new bonds
arrived here to-day, making a total OF
S000,000 thus far received
Transactions on the board in the bonds
were heavy, and one lot Of $50, 200 sold at
1855.
The Hanover National Bank this morn
ing deposited S10O0,000 on bond account,
making the total since Feb. s. S3s 6I3 ggi.
zimmerman q Forshay withdrew Sf0O0OO.
making the total Withdrawals from Feb.
8 y63GS,S00.
A Boston special states that William
Graves of New York yesterday sold his
option to take @,500,000 new government
pmoh3s at lla5a9l, 70 the City National
Bank for $4,000.
1t IS stated that the deposits Of gold at
the sub-treasury and the national bank
repositories amount TO over SJ5.OO0OO
FTemiums on gold to-day were nominally
.441a per cent Greeubacks were 1-l6th
pdt ana offered at ls per cent.
ihe doors of the sub treasury were clos
ca promptly at 1 O'Clock. Assistant Treas
ufer JORDAN announced that no new busi-
ness would be done to-day. He said that
II It was found that any of the bond
bidders had made payments not up to
the amount required, arrangements would
be made for them to complete their pay-
ments later on.
II was announced to-day on high author
ity that Mr.. Morgans recent visit to
washington was for the purpose of con-
sultiug with Secretary Carlisle in regard
TO defaults by bidders. 1t was arranged
that Mr. Morgan should buy all the bonds
not taken by bidders at the same figure
10Gs0, paid by the Morgan syndicate.
The Graves combination, which bid for
A,500,000 Of the new bonds, did not pay
their first installment to-day notwith-
standing the fact that the treasury Of
ncials were notified this morning that tho
~ per cent. due would be turned in At
the office of J, B. Newcombe a. Co., where
Mr. Graves has his headquarters IL was
stated that the latter had left for Wash
ington.
Washington, Feb. 15.-With the close OF
to-day. the last day expired for the first
payment of 20 per cent on the new bonds.
The total payments, as reported to the
treasury to date, have aggregated So, 1885,
l4B, or more than 50 per cent. of the t0tad
issue. The Morgan syndicate paid In all
Ject IN view of catching any OF the de-
faulting bidders bonds, to which they
are entitled under their blanket bid OF
ll0b80 for 500 100000 or any portion there
OF. How many bidders defaulted, and in
what amounts and who they are will not
be known at the treasury until Monday
or tuesday next The difference in stand
ard time made the hour at which bidders
could pay for their bonds, reckoning from
east to west, three hours later than New
YORK time at San Francisco, and one
hour later at Chicago aud ST. Louis
AT the close Of business to-day the treas
9egofs deg sold At reserve Nay wit, with to;dsys
stoog at sU, sss. Since Jan.
8 when Secretary Carlisle invited bids
Tor the new bond Issue, to date S27 452 S54
in gold has been Withdrawn from the
treasury or this amount So, go is re-
ported as having been withdrawn for ex-
port and the balance Of $18,OO0000 was
WlthdraWn, presumably, to pay for bonds
II Is stated, from reliable New York ad
vices, that the firm of Zimmerman Ss
Forshay, alone, have Withdrawn S5S51 G33
me treasury Is prepared to deliver the
ponds as rapidly as called for.