The times. [volume] (Richmond, Va.) 1890-1903, 1896-02-16
PAYING FOR THE BONDS.
rHE srB-TREdSURy OrIRTROWDED
UITH PURCHASERS.
~ I. vpd.rstood That Mr.. Morgan WIZ
Get Bonds Not Taken Up by bi'"er,'
at same Figure.

NEW yCUk. Feb. T. To-day was inc
last dav Tor tie pas ment OF the iirst III
etaliIncnt 90 the new SloW'V" -
esnts az 1922. Just allotted by the -
,,,rr.rt The suh-trcasury, IN coi'o
,,,+,,.e was iammed by bond purchasets'
and 81 was almost imposs ible 10 x. -
the coir-room. Business was brous".
a., atanasfiu al one time by the arrival %
a party Of Philadelphia sisn'-se.'S W
crowded into the sub-treasuiy' pen. ''
catching "a glimpse Of the store Oh so',
Assistant Treasurer Jordan reiusea ~
permit them TO visit the vaults pi'"'''7
pressure OF business.
Assistant Treasurer Jordan gave no,lce
at an early hour that he would close lhe
sub-treasurv doors at o'clock sharp ana
that no one would be permitted 10 enter
after that hour. Another batch OF 81
OO.W0 Tor the new bonds arrived mere 10
day. making a total of S>,WoVVv mus ltl
feceived. Transactions in the board III
the bonds were heavy, and one lot oil
10000 sold at llj rs.
The Hanover National Bank this morn
Ing deposited 100000 on bond account
making the total since February Sun so''-
6l3.gn Zimmerman & Forshay Withdrew
100000 making the total WltnuIa"" ais
from February Sth. s6,56S.e00.
"A
Graves. of New York yesterday sold his
option TO take S45O,ioO new governments
at ll533sl to the City National Bank Tor
$4,000.
THE GOLD DEPOSITS.
Ii is stated that the deposits Of gold
at tine sub-treasury and the national bank
depositories amount 10 over S55co,09o.
Premiums on gold to-day were nominally
quarter TO half per cent. grcenbacks were
one-sixteenth bid, offered at one-eighth
per cent.
The doors Of the sub-treasury were clos
cd promptly at ! o'clock, and Assistant
Treasurer Jordan announced that no new
business would De- done to-day. lie said
shat IL it was found that amy of the bond
bidders had made gold payments not up
10 the auount required arrangements
would Doe made for them 10 complete pay 81
mcuts later on. II was announced TO-
day on high authority that Mr.. Nor
aau's recent visit t0 Washington was for
tho purpose of consultin- with Secretary
Carlisle in regard 10 the defaults hy hid-
dors. T. wa arranged that Mr.. Morgan
should buy all the bonds not taken by
bidders at the same figure. li0.ei, paid
boy the Morgan syndicate.
The Graves combination. which bid FOR
Si,.H,00o of the neW bonds. did not pay
their first irstallmcnt to-day. uotwith-
standing The fact that Treasury official,
were notified this morning that the "a
per Gems. due would Doe turned iu. AT the
Office Of +. Il NewcOmbe & CO.. where
Graves has his headquarters. n was
stated that the latter had left for Wash
ington.
PAYMENTS REPORTED.
WASHINGTON. D. c.. Fob. with
the close OF to-day the last day eX-
pires in which tine first payment OF I'd
per cent. can Boz made ON the new bonds
The total payments. as reported 90
the Treasury. 10 date have aggregate
ss2.9ss.7i6. or more than 80 per cent. of
tho total issue.
The Morgan syndicate paid 100 an OF its
purchase money to-day. with the OBJ
jcct in view of catching any Of the de-
fauiting bidders bonds, 10 which they
are entitled render their blanket bid Of
ll0.CS11. FOR Sl0,00000. or any portion
thereof. How many bidders dofaulted
and in what amounts and who they are
will not be known az the Treasury until
Monday or Tuesday next
THE GOLD RESERVE.
At the close of business to-day the
Treasury gold reserve. with tO-day's de-
posts a. New York excluded, stood az
S1ll32si3
Since January 9th. when Secretary Car
Isle invited bids for the new bond issue.
TO date 81. l5-.si IN gold has been with
drawn from the Treasury. OF This W.iNi-
o32 is reported as having been Withdrawn
for export and the balance of SlN0o0.oo0
was withdrawn presumably % pay for
bonds.
II is stated from reliable New York adj
vices that the firm OF Zimmerman x
Forshay alone have Withdrawn {5sal. G33.
The Treasury is prepared 90 deliver the
bonds as rapidly as called for