The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-06

for In installments, as rollows: twenty
per cent at the time of the notice OF ac-
ccptanco and 10 per cent Mt the end OF
each 10 days thereafter. The present issue
of bonds is the fourth since Feb. !, 1894,
all of them having been made ostensibly
to maintain the treasury gold reserve.
Tho Feeling In Wall Street.
Word comes from New York that even
the "oldest inhabitants" of Wall street ex-
press as~tonishnent over this large total,
and the great disparity in prices between
the average for the new loan and the
figures recorded in the previous one. TEe
general opinion is that European finan-
ciers cannot fail to he profoundly i'm
pressed by the result of the popular loan
experiment.
The highest single total Of bids is the
one presented by the J. p. Morgan (Deutsch
bank), Harvey Fisk g. sons National City
bank syndicate), and the next the United
States Trust company block. The large
percentage of foreign bids Is very signif-
cant, in view Of the previous apprehension
felt as TO the probable unfnvorable effect
Of the free silver manifestation Of the
United States upon European sentiment.
During the forenoon the market dis.
piuytu htsllstuCy, WilCh WIS IchtNNcu III
an Irregular movement OF prices and
moderate volume of business. The official
announcements regarding the aggregate
bid and average of prices impaired &C.
tual buoyancy TO the market, prices ad.
vancing all along the line on the execu-
ton of heavy orders. More genuine eem-
mission buying occurred than has been
noted for some time past, and wholesale
c.yavi,.., - ,l1,ta tool, ,1aoa
Senators Pleased.
The report OF the success of the bond
call YEAS received with general satisfaction
in the senate, in which those who wero
doubtful about the expcdiency Of y popu-
lar loan joined, rs indicating confidence
I'm the country's ability and Willingness to
meet its obligations. Some disposition
was, however, manifested. ON the part OF
the doubters TO await details before ex-
pressing an opinion as to the complete
success of the call, especially as to the
number of bids at high rates. The OPP
ponents OF the bonds and those who have
been especially severe in their condomna-
ton of the syndicate system were very
much pleased, concluding that the num-
Der of the bids and prices offered were
complete vindication of thoir course.
Right You Are, C~hannceyt
New YORK, Feb. o. - Chaunccy M.
Depew, In speaking last night on the bid
ding on the bonds, said: This is glori-
Gus. 1t will act like an elixir of life upon
the nation. 1t has shown hat the credit
of thisc~ country is beyond power to tear it
down. 1t is n superb tribute by the people
of their faith in their country. II Is a
tribute to the greatness of the country
that foreign banks clamored for tho issue,
as in the case OF the German banks and
the other European banks. IL shows that
the people have established the credit Of
the country. and will maintain 1t. They
will ro-estsblish confidence with q bound.
Things will boom from this out"
Comment From Abroad.
LONDON, Feb. 6.-The Daily News says:
The success OF the loan is astonishing. and
shows that the investing public does not
fear that the country will adopt n silver