The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1896-02-06
"M0NEY TO BURN."
Uncle Sans Loan is a Huge
Success.
THE OLD GENTLEMAN'S CREDIT
Is STILL GOOD.

The Bids for the Bonds Opened Yesterday
The Loan is Tremendously Over Sub
g-d scribed and at Good Prices-Maine In
stitutions Bid for Generous Amounts
ihe Morgan Crowd Expects to Get a
Generous Slice-Some of the Bidders.
Washington, February Bids for
sloo' ooo, GOD of thirty year four per cent
United States bonds were opened at the
treasury Department at noon today
under the conditions prescribed in the
circular issued January last, by Secre-
tary Carlisle.
The principal condition ia that the
oonds must be paid for in gold, for the
convenience of the purchaser. The bonds
may be paid for in installments as fol-
lows: Twenty per cent at the time of the
notice OF acceptance and ten per cent at
the end OF each fifteen days thereafter.
The present issue of bonds is the fourth
since February 1, 1894, all of them having
been made ostensibly to maintain the
treasury gold reserve.
The total number of bids are AGO.
sggregatiDg $56s, 279, $50; this after reject
ing as bogus "a hid from Texas for s16.-
900. 600 and one for s1Oo, 600, 600 from a
physician in Michigan
THE SYNDICATE SHARE.
Mr.. J. P. Morgan says he will get be-
tween 40 and so per cent of the loan. He
says the bond syndicate is undoubtedly
a success.
1t is generally understood that the
whole 500, 600, 900 of bonds will bring
110. SO and over.
The official average figure at which the
500, 600, 600 will be awarded, will not be
known until tomorrow.
The bids were opened in the room of
Secretary Carlisle, an apartment about
forty by twenty-five feet. A large table
was placed at the south end of the room,
overlooking the Potomac river. ans the
Washington mOmuent, at which table sat
Secretary Carlisle, Assistant Secretary
Curtis and several clerks.
In front of the desk were placed num-
Der OF chairs and every seat was taken by
those who had come on in person, to
present bids, and many were compelled
to stand. Hundreds of millions of dollars
were represented. Nearly all those
present as bidders, came from New York,
but there was a sprinkling of financiers
and bankers from Chicago, Cincinnati
aud other western cities, and some from
Boston.
A large tin box was placed on the table
shortly before IL o clock. 1t contained
the bids. They were done up py days,
and upon each packages was marked the
date Of which the bid was received
l..11 IL
room promptly at noon he was received
with applause from the people who we're
present, All was in readiness, but the
bids, and at IL. 10 it was announced that
100 additional bids having been received
just before noon, it would take half an
hour or more to schedule them.
AT IL. 10 p. IN. Comptroller Eckels ap-
peared at the door with list of bids in
his hands, and under the immediate
charge of Assistant Secretary Curtis, the
following com nittee opened the bids:
James h. Eckles, comptroller of the our
renoy, Daniel N. Morgan, United States
Treasurer, and A. L. Huntington, chief
of the division of loans and currency.
SOME OF THE BIDDERS.
The first bids read out were in small
amounts ranging from $50 TO $40, 600 each.
Others were: Peoples National bank
of Buffalo, 500, 900 at 110; Maine Savings
Dank, PORTLAND, Maine, $l50, 600 at ITO;
williamsburg, N. Y, Savings bank,
$500. 600 at Ill (this bid was received with
applause as it was the highest bid up to
that time) Suffolk Savings bank, Boston,
Mass, 5000, 900 at Ill.
Among the bids in sums of $40, 900 and
over at 110.50 we're the following:
Peoples National bank, Marlboro, Mass,
$40, 600; Franklin County National bank,
Mass, $50, 900; First National
bank, Boston, s25, 600; Lynn, Mass, In
stitution for Savings, 1000; First
National bank, Concord, N. H., $50, 600;
National bank of the Commonwealth of
Boston, $l00, 900; Vermont National
bank, Brattleboro, 81, 0000; Quinsigaln ond
bank, Worcester, Mass, $40, 600;
State Sureet Safety Deposit, Boston, $40.
600; National Phoenix bank, Westerly,
R. l., SIS, 900; Winthrop National bank,
Boston, $40, 600. First National bank,
Concord, N. H., $40, 600.