The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-02-06
Despite President CIeveland's Sneers
and the Secret Work of His
Financial Secretary.
NAMES OF HIGHEST BIDDERS
HALF OF THE LOAN LIKELY TO GO
TO THE MORGAN SYNDICATE.
IT Wanted All at 11O.6S77, but Many
fers Received from Indianians.
Special to the Indianapolis Journal

Special to the Indianapolis Journal.
WASHINGTON, Feb 5. = Nearly five
thousand bidders, ranging from $50 to $780,
0O0, 900. bidding for five times and more than
the issue offered, marks how successful has
been the popular issue of bonds which
President Cleveland has privately sneered
at as impossible and which Secretary Car
Isle has hampered in every possible way.
The bidders represented every State in the
Union and apparently every walk in life.
Tonight Secretary Carlisle affects to be
jubilant, and speaks Of the good effect
which this demonstration of the faith of
the people in their own government must
have on nations abroad. No word is ut
tered either by the Secretary or the Presi-
dent to explain why 1t was that it was so
difficult to force the administration to ap-
peal to the people, and why New York
bankers were taken into the admins
tration's confidence on previous occasions
when the people have shown their willing
ness to come to the country's aid as soon
as asked. The administration seems to
see that much good will rebound to the
party from the success of the issue and
that the striking proof of the wealth
among the people lying idle heretofore for
lack Of opportunity for profitable invest
ment will go far to refute the charges of
hard times brought about by the Demo-
cratic administration. The response of the
country and the fact that there were about
thirty millions bid from abroad proves that
the silver bugaboo has about died out
1t is roughly estimated that the Morgan
syndicate will get about 60 per cent. Of the
issue. 1t bid for ''ali or any fraction" at
11O6S7. The bids exceeding that figure will
be adopted provided the Secretary is con-
vinced that none of the gold to be paid
has been drawn from the treasury. 1t is
estimated that about 10 per cent. of the
issue VIII 60 TO the bidders who offered
better figures than the Morgan syndicate
1t is evident of course, that no bids below
the Morgan figures will be accepted. There
Is, therefore. no reason to believe that any
or the bonds will go to Indiana unless
there are some banks or corporations in
the Morgan syndicate.
Clerks in the treasury will be busy for a
week preparing an accurate statement Of
the bidders and their bids, and II is not
impossible that in the hurry attendant on
the enormity Of the tabulation of nearly
five thousand bids an occasional minor err
ror has crept into their work Fol-
lowing is list Of the bids from Indiana.
as accurately as can be given tonight:
Bidders. Amount. Price.
Merchants National Bank of
lndldnapO 5000. 900 los 125
Mercnants' National Bank of
Indianapolis ................... 100000 109 Sl5
Merchants National Bank of
indianapolis ................. 1O0O 900 1lOOl
Merchants National Bank of
Indianapolis ................ 100000 11Oi3
Joshua Poole, of Greensburg. 5000 1lO
AT 100 AND UNDER.
Noble County Bank, of Kendallville. $40 900
state Bank or Valparaiso. ........... 900
Samuei B. Gable, of Creswell. 80
James r.. NJ OMAR, OF Greencastle. $500
Lewis Mergentnlln OF Peru. 5000
ADram r. Andrew, or LaPorte....... 10000
Studeoaker BANK, or Bluntol........ 10000
Parke Bank, of Rockville 10000
Old NationaI Bank, or EVANSVILLE. 200, 900
Kic1ard Z. Davis, of Washington. 1000
NJ. r. Burke, Of Washington. - 5000
Leo Jesset, OF Lcgansport.. ............. $500
First National Bank, of New Albany $4,000
Citizens Natl Bank, OF Greensburg. 10000
State Bank, of Valparaiso. . 1000
Samuel Il. Gable, of Creswell. .. so
Third National Bank, of Greensburg 10 600
John Bennett, OF Sunman.. zoo
James VI. Perry. of Columbus e0oO
National State Bank, of Terre Haute le1O
Delaware County Natl Blk of Muncie 10 nN
Citizens Bank, OF Bedford ... 1O00O
Amzi W. Horr. of Harrodsburg T90
John y. Burbank, of Richmond 20sa
c. Nj. Clapp. of Albion. 5000
Citizens Bank, of Salem m.. 000
Central NATL Bank, OF Greencastle. 25,OOO