The morning times., 1896-02-08
FIGURES That GET BONDS
They Will Be Awarded to 7S0
Persons Above | lI0.6877.
MORE ABOUT Mr.. MORGAN
The Paper on Which He Made His
BID Shows That the Fractions Were
Added Long After the '110" Had
Been Written-It Was Received
After All the Other Big Bids

Late yesterday afternoon Assistant Sec
retary Curtis announced that he was able
to state that, from complete analysis
of the bids for bonds, that they showed
that bids aggregating $66,7SS, $50 above
1106S77 had been received, and the 7S0
persons making those bids would be
awarded bonds.
I'nt. Morgan syndicate's bid OF 11G.6S77
for 500, 600, 900 bonds or any part thereof,
would be accepted for the balance of the
$100, 900 900, or for $50, ,211 $50.
All bids below the figure 110.6S77
are. therefore, rejected. The gold reserve
at the close OF business yesterday stood at
$44. .4S3, 1876. The withdra walls for the
day at New York amounted TO $3.50 900.
Other interesting facts are hourly COIN
ing 10 light in connection with Banker
Morgan's manipulation of his bid for the
big $100, 900 900 bond issue.
There is no denial of the fact that secre-
tary Carlisle fIagrantly violated usa ge and
made a farce of the sealed bid system by
ordering the envelopes TO be opened hours
before the last IBID was received.
IL is true as shown by The Times, that
Mr.. J. Pierpont Morgan. the gold ring
abled him to outbid his rivals by small
fraction after he came TO Washington on
Tuesday night. His bid for 500 900 GOO
at110.6S7I was not handed inuntila quarter
of an hour before the bidding closed. II
o clock Wednesday. fifteen minutes after
the bids OF the Stewart syndicate for
$76 600, 900 at 110.o75 were delivered.
WHAT THE PAPER SHOWS.
An examination OF the paper on which
Mr.. Morgan's bid for $i0G. eco ,0G0 of
bonds, the whole amount OF the loan,
or any part thereof at 110.6S77, shows
that the price originally put down was 110
flat
These figures are in ruled space on the
bid, and are in the center of the space, indi-
eating that they were all the figures that it
was originally intended To write therein.
They are in gray ink, and ink that has been
blotted
The figures ''6S77'' are written to the
right and above the figures '11o." are
muc! smaller and are so crowded that in
order to keep in the ruled space the So
is almost over the ''0'' in the figures orig
inally put down. This shows conclusiYely
that the decimal "6S77' was inserted
after the no had been written in the
space. The fact is further proved by the
blackncss of the ink, which is in strong
contrast TO the original figures.
1t is also easily established that Mr.. Nor
gan's bid was received at the Treasury
fifteen TO twenty minutes after bids Of the
Stewart syndicate were handed in. All bids
presented on Wednesday morning, and most
OF those submitted by New York bankers
Nvere put in at that time, were received
by Mr.. Doran the assistant chief OF the
loan aud currency division.
WHEN THE BID WAS MADE.
The bid OF Mr.. Morgan, as near as Mr..
Doran can remember. was put in about
11:i5 a. n. II was also Immediately TAX
en- upstairs and banded to Mr.. EckeIs or
Mr.. Morgan. Neither OF these men can re-
member which one took the bid, as the en-
velopes were plain and lad no distinguish
ing mark. There were several other bids
between the Stewart and Morgan bids, and
as all were stamped on the envelope with
a number in order of receipt in the inside
room where they were opened, Mr.. Stew
arts bid was ahead of Mr.. Morgan's, and
was opened and read first.
Mr.. Eckels states positively that both Mr..
Norgan's and Mr.. Stewards tightly sealed
bids were in the inner room for some time
before either was opened. He says that
| TO his knowledge Mr.. Stewards bid was not
| opened before Mr. Morgan's was received.
Abandoning for the time being the state
nlent that Treasury officials gave Mr.. Nor
| gan an advance tip on the bids already pre-
maturely opened, it is safe to say that
! Mr.. Morgan got accurate advance informa-
| tion OF his rivals bid from some source.
| 1t is stated that the syndicate headed by
! Mr.. John a Stewart was represented al
| the opening OF the bids by Mr.. Harding.
| The rival syndicate was represented by
Mr.. J. Pierpont Morgan himself, Mr.. Henry
T. Bacon and Mr.. PliDy Fisk, of Harvey
| Fisk 6 ons Before the bids were opened
| Mr.. Piiny Fisk gave a confidential friend
| in Washington informatioDthat proved that
| the Morgan syndicate, of which he was
member, knew perfectly weil what they
were about.
ONE CAT OUT OF THE BAG.
Mr.. Pliny Fisk's statement was as fol-
! lows:
s'we knew before we left New York
| that the Stewart people were going to
bid 110.075. Just who it was that gave us
this information 1t Is not necessary to
state, but he was one of the forty or
| fifty subscribers to the Stewart bid
When we came to Washington we heard
that there was going 10 be a very large
number of bids, and, presuming that the
| Stewart people had the same iDforma-
| ton, we came TO the conclusion that
they might possibly increase their bid to
110.50
1--WE were anxious to beat them anyway,
and so we concluded to name our price
higher than this figure with the hope Of not
only shutting out the Stewart bid, but of
also catching a number of the bonds that
! would range at figures between Ito and
11O.75.
consequently at the last moment we
decided upon our fraction of '6S77,' and
our bid was put in at that figure. Our
proposal was not put in until within a
| few minutes Of the hour at which the
reception of bids closed"
The result is that Mr.. Morgan may get
$4,000, 600 or more of the new bonds
and Mr.. Stewart gets none Of the SIC, ,0O0,-
600 he wanted. Mr.. Stewart has the sat
isfaction of knowing that his bid was the
cause of Mr.. Morgan paying several mil
lion dollars more to the government than
he bad intended.
Raided Disreputab1e House
/ r&t, t@J1b ~ r