Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-02-05
DEMAND FOR BONDS
Nearly Four Times the Specified
Amount Subscribed for Today.
LARGE GATHERING OF MONEYED MEN
Scene at the Treasury When the
Bids Were Opened.
SOME OF THE RICES

Il L L In L ~
The office of Secretary Carlisle and it's
annex presented a scene of unusual anima-
tion and excitement today. 1t was the
occasion Of the opening of bids for the
purchase of $1O0,000,0OO United States per
cent thirty-year bonds. under the circular
Of January last. Never within the MEM
cry of the oldest employe of the depart
Enent has so much interest been displayed
il the floating of a government loan and
never before has there gathered within the
walls of the Treasury Department SO many
representatives of the capital of the coun-
try. All the leading financial institutions
of the United States, as we'll as the great
banking house Of Rothschild & Co., were
represented in the throng which crowded
the office of Secretary Carlisle to its ut
most capacity. Among them were Mr.. j.
Pierpont Morgan of New York, Mr.. Graham
of the Boston Trust Company, Mr.. John E.
Toulmn Of the Shoe and Leather Bank of
Bank of New York, Mr.. Coombs of the
Manufacturers Trust Company of Brook
lyn. Mr.. Redmond Of Redmond, Kerr &
Co. of New York. Mr.. Burns of the Amer
iCan Exchange National Bank of New
York. Mr.. Lehman of Lehman Brothers
of New York, Mr.. Erdman of Speyer &
Co. of New York. representatives of Mr..
John A. Stewart of the United States Trust
Company of New York; Mr.. James D.
Woodward of the Hanover National Bank
of New York, and Messrs. John E. McCaul
and c c. Baldwin of the New York Life
Insurance Company, Mr.. Hawes cashier
Hanover National Bank, New York; Mr..
James r. Blair of James r. Blair & Co,
bakers, New York; Mr.. f. Southard Park
er of the Columbia National Bank of this
city. and L. ]. Davis of Lewis johnson
& Co. of this city.
The Scheduling Committee.
These gentlemen, as well great many
others, including about twenty-five news
paper men, gathered in the Secretary's Of
flee at II 80 O clock and awaited with great
interest the announcement of the special
tire sury committee which had been en-
gagged all the morning in opening and
scheduling the numerous proposals that
had been received from all parts of the
country almost from the day after Secre
tary Carlisle had published his circular
This committee consisted of Mr.. Echeis
controller Of the currency: Mr.. Morgan
United States treasurer, and Mr.. Hunting
ton, chief of the loan division of the Secre-
tarys office. They had the assistance Of a
corps Of experts, Notwithstanding which,
owing to the great number of bids received
during the last hours, they experienced
great difficulty in preparing their report in
time for announcement at IL o'ciock-the
limit fixed for the reception of bids.
Shortly before noon Secretary Carlisle
entered the crowded room and seated him
self at his desk, his chair at that time be-
ing the only one unoccupied in the ROOM
His appearance was greeted with a general
clapping of hands, compliment he ac-
knowledged with a smile. The committee
occupied the adjoining room, the door of
which was jealousy guarded against all in
trusion.
About 1890 o'clock Controller Eckels of
the committee appeared at the doorway
a
but most important announcement to the
assemblage. There have been received and
scheduled already he said, %, 7O7 bids, rep
resenting subscriptions to the amount of
$3.50, 2::;;2 800, at prices ranging from par to
119 dollars and a fraction. There are a
number of other bids which the committee
has not as yet hal time to schedule, which
will swell the aggregate bids to about t,5oO
and increase the amount Of subscriptions
by at least $15,OO0tsD.
The Small bidders.
This announcement was greeted with ap-
plause, which interrupted Mr.. Eckels' re-
marks and it was several minutes before
he was able to continue. Mr.. Eckels start
ed in to read the bids according to sched-
ule and he read on until his voice gave out
when he was relieved by another member
of the committee, the proceedings running
until late il, the afternoon.
Most of the bids announced prior to
CHlock were those received up to yeSter-
day. They were very numerous but were
mostly for small amounts, running from
$50 to 100000. The big syndicate bids were
not received until late this morning, and
were not announced until nearly the close
Of tn, session. The earlier bidders. with
the exception of Robert p. Glendennlng OF
Philadelphia, who bid for $5OO,00O at 1l2Io;
Albert L. Judson, who wanted $50O,0OO at
1875 and w. H. Albertson Company of
Boston, who bid for 100000 at 112, made
subscriptions for less than 100000.
Some of the Subscribers.
Among the individuals and institutions
who subscribed for over 100000 of the new
loan were: The Utah Savings Bank Of Bal
timore the National Bank Of Baltimore, the
First National Bank of Boston, the Second
National Bank of Wilkesbarre, Pa; Mr..
Phil. Barth, the National Bank of Com
monwealth, Boston; the New York Savings
Bank, the Fourth National Bank of Grand
Rapids, A. M. Kidder & Co. Samuel D. Davis
& Co., 1. W. Pollard and Abraham White,
the National Bank of Baltimore, Md; the
Detroit Mich, National Bank, H. N. Slater.
Robert E. Glendenning, the Merchants
Loan and Trust Company of Chicago, the
Merchants National Bank of Albany, the
Williamsburg Savings Bank of Brooklyn,
the Elliott National Bank of Boston, the
Northern Trust Company of Chicago, Carl
Van Wagner, the Erie County Savings Bank,
the Bank Of California. San Francisco; the
Nevada Bank of San Francisco, August w.
Nitsch the Boatsman's National Bank of
ST. Louis, Riggs & Co. of Washington, the
Lamprecht Bros. of Cleveland, Ohio; o. l..
Leland Of Boston, the Rhode Island Hos
pital and Trust Company. the Winthrop
National Bank of Boston, the Essex Savings
Bank Of Boston, the Merchants Loan and
Trust Company of Chicago, the Merchants
National Bank of Lowell, the Peoples Ma
tiona. Bank of Pittsburg, E. w. Cave, the
New Orleans National Bank, Sutre & Co.,
the Suffolk Savings Bank of Boston, William
Srachey, the Boston Five Cent Savings
Bank, the National Bank of Troy, N. Y;
the National Exchange Bank of Boston,
Isaac w. Sheriff., D. E. Tilden & Co., the
State National Bank of Cleveland, Albert
W. .Akers, Peoples Trust Company of Brook
lyn, Edward J. Remick, the Merchants
National Bank of New Bedford, the Ma
tional Bank of Northern Liberties, Phila-
delphia; the New Bedford Five Cent Savings
Bank, the Citizens National Bank of Gin
cinnati, Albert w. Bee, the Hartford Ma
tional Bank, the Mechanics National Bank
of New Bedford, the New Bedford Institu-
ton for Savings, the First National Bank
of Parkersburg, w. Va.
Analysis of the Bids.
There were thirty-four bids. aggregating
$9SS, 300 at 11O.2992. There were 154 lids,
aggregating 1880; 450 at 1.l0.
The Hanover National Bank bid for ST.
100000 at 100, $1,OOO,OOO at 1O9.95, s1,OoO,-
600 at 11O209. 100000 at 11O95. $1,000. 900