St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-11
VAST AMOUNT OF THE YELLOW
STUFF TAKEN IN AT THE SUB
TREASURY
~ PAYMENT FOR NEW BONDS.
APPOINTMENT OF NEW GOVERN
MENT DEPOSITORIEs HAILED
WITH DELIGHT.
PREMIUM WILL BE ENORMOUS.
Stated That Over One Hundred and
Eleven Million Dollars Will
BE Realized.

NEW YO6h, rep. 1O.-SuD-treaSury
officials were busily engaged up to a
late hour tonight receiving gold on de-
posit in payments of installments on
bids for the new government bonds by
individuals and representatives and
employees of banks and institutions. In
fact, the facilities of the department
were overtaXed, and the total amount
credited to bond buyers was not
reached until o'clock There were
but thirty or forty depositors, the Off
cials did not assume to furnish official
data and the total figured out s8. 749.-
524. The greater part Of this sum was
represented by the turning over to the
sup-treasury of checks for gold de-
posted at the assay office, and re-
celpts Tor gold previously deposited at
the sub-treasury for examination. The
deposits at the assay office amounted
TO $4iO,OO0 in gold bars, and these figure
In the abov grand total. The figures
OF fresh gold deposited today for ex~
animation at the sub-treasury were not
available. The Withdrawals footed up
about $1,6O0,0OO in coin
The news of the appointment of y
number of government repositories for
the new bonds was hailed with consid-
cradle satisfaction by the street as this
step will go great way toward avert
Ing extreme disturbance of the money
market. These repositories will re-
ceive gold direct from bidders for
bonds, and will turn over to the treas
ury about as fast as received. the de-
posltors being given receipts and the
amounts being credited to them a,
Washington. The bonds will be sent
by the treasury department upon COM
plet1on of the payments
A SCHEME THAT FAILED.
An incident attending the activity in
the subtreasury precincts today, on ac-
count OF the rush of bidders for the
new government bonds wishing to
make deposits Of gold, was a some
what brisk verbal encounter between
Assistant Treasurer Conrad N. Jordan
and Mr.. Zimmerman Of the bullion
brokerage firm of Zimmerman and
Forshay. The sub treasury was the
scene of busy throng of brokers,
bankers, clerks, messengers and news
paper men when MIR. Zimmerman.
turning to customer of his who was
In the line of depositors for bonds,
pointed to a number of bags of gold
which were lying on the floor of the
your gold, delivered according to con-
tract" Mr.. Zimmerman had three
times previously today obtained gold
at the sub-treasury, on presentation of
Sreenbacks, and delivered the same to
his customers. On the fourth occasion.
however, Mr.. Jordan intervened and
refused to accept the gold, which was
subsequently carted away at the ex-
pense Of the broker Mr.. Zimmerman
demanded the reason of the refusal to
accept the gold and Mr.. Jordan made
the point that, while any principal or
representative Of a principal could not
be prevented from drawing gold on
presentation Of greenbacks, the govern
ment building could not be utilized for
the delivery of gold by brokers to their
customers 1t should be remarked that
no exception would have been taken
had the gold been taken away and
brought back afterward by the pur-
chaser The affair created no little ex-
citement at the time.
AN ENORMOUS PREMIUM.
WASHINGTON, Feb. 1O.-A state
ment prepared at the treasury DEPART
ment under the direction of Assistant
Secretary Curtis shows that the gov
ernment will realize from the new loan
Sill, ,37S, ,S36.97. The following table
shows the amount of bonds to be paid
for at each of the ten treasures
together with the proceeds to be paid in
at each. The statement shows ap-
proXimately the geographical distri-
button Of the loan as each bidder will
deposit his gold at the sub-treasury
nearest him: