The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-02-07
The Names Of the Successful Bidders for
Bonds May Be Announced To-Day.
GOVERNMENT CREDIT EMPHASIZED
Ey the Unlocked for Success of the
Ioan-WuiI street Astonudcd Rt
the Amount OF tho Bids-A Much
Higher Price Realized Than From
Lnst Issue of Bonds.

washington, Feb. 6.-By working
night and day with expert accountants,
Assistant Secretary Curtis hopes to be
able to announce Tomorrow the names
of those who were successful bidders
at the bond opening on Wednesday.
The Treasury has already in hand for
delivery 100000, 900 registered bonds and
S22 900 coupon bonds. Bonds of the
latter character, principally of $1,000 de-
nomination. are being printed and dcliv-
cred at the Treasury at the rate of
@21,G00,000 Il day. Many of the success
ful bidders indicated in their bids how
they desired the bonds awarded them
broken up" Those who did not will
be invited to do SO when notified of the
acceptance OF their bids Chief Johnson.
OF the Bureau OF Engraving and Print
Ing. has all the bonds with the slight de-
tail of denomination to be put on some
anu from present indications with l2
days, In which all bids can be paid for
no delay Is expected in their delivery
Already steps have been taken TO ar-
iord successful bidders an opportunity
to pay for their bonds. The following
circular letter directed TO United states
treasurer Morgan. copies OF which were
also forwarded to the nine Assistant
Treasurcrs. was sirned by Assistant
Secretary Wicke late this afternoon:
treasury Department. Feb G. 1896
AS soon as practicable the Depart
"'N'i' Viii iNitilSli pu IL ilSI tl lfc &C
cepted bidders for the per cent bonds
oi 1873 offered to the public 10y the cir
cuiar of Jan. G. 9 and IL. 1886 The list
VIII contain the name Of each bidder
with the address the amount Of each
bid, the price and the date of the Sec
retarSs acceptance. You will receive
payment for the bonds in United Staes
gold coin or gold certificates by install
ments or in full as provided in the cir
GUAR above mentioned. Each payment
or an installment should include the
principal and premium at the price
named IN the bid, and accrued interest
from Feb. l. 1886, Ia date of such pay-
ment. so that the proportlonate amount
OF the hnnds representing the INSTALL
mentS VIII be presented for in full You
viii issue for each payment your certi-
hcatc OF deposit in duplicate in the name
OF the dcposltor on account of the pur-
chase OF per cent. bonds in 1925 stat
Ing OIL the face of such certificate the
amounts respectively of principal pre-
MUM and accrued interest received, ana
also state thereon the number of the
1nstallment when not in full. You Will
deliver the duplicate to the dcpositor
with instructions 10 retain the dupIi-
cate, and to forward the original to the
Secretary of the Treasury. accompanied
by letter from the depoSitor giving
complete information as to the kind and
denominations of the bonds desired and
the place of their delivery The bonds
VIII he issued only upon receipt by the
Secretary OF the original certificate of
deposit Any depositor may assign the
original certificate issued in his name,
in which case the bonds will he issued
upon the order of the assignee
If 1t should be deemed advisable TO
postpone the receipt of deposits of this
account beyond the dates fixed in the
circulars special instructions by tele-
m, nis Lot tn,, Il
department Will begin the delivery
OF both registered and coupon bonds
as soon as certificates of deposit there
for are received by the Secretary, as
above Indicated"
Although not officially admitted It Is
believed to be practically settled that
the awards Will be confined TO the bids
al ll0, 1851 and upwards. There are
subscriptions for $3.50. 900 900 within this
category including the blanket bid OF
the Morgan syndicate for Sl00 OOO 900 a t
the minimum rate. First considern tion
Will be given to the $50 900. 600 subscrip-
lions Mt and above the rate of the blan-
ket bid. Enough of that bid will then
be accepted TO make up the total amount
OF the loan, 100000, 900. If this pro
G,'amme is carried out the Morgan svn,
dicate Will secure about $50 600 900. or
Just one-half OF the loan. The work of
the committee will be simplfied by the
IcJCCuloH VI lie HlstSS Oh DluS at rates
below 1l0.SSI. Nearly all Of those bids
come from individuals and the smaller
banking institutions. In the words OF
one Of the Treasury officials to-day, "All
the so-callcd iolular loans subscribed
were at the lowest rates averaging about
1o4. which. while showing desire to
subscribe TO q Government loan, showed
also that the small dealers. for some
reason or other. were not willing or
able to pay as much for the bonds as
the big institutions. which make bust
ness OF such transactions"
In an article printed this morning
under the caption, Rivalry In the bid
ding" the Nav York Sun says:
wall street was astounded at the
amount OF the bids for the new bonds
Inc prevailing impression was that
they would be at los or 109
The first announcement from Wash
ington that bids aggregating $780,
oOo0oO had been scheduled almost par
alyzed the street. The official statement
That President John y. Stewart OF the
United states Trust Company, had sent
IN Tor his institution and large num-
Der OF other institutions and individuals
u bid for $4,000, 900 at 1l0.0575 was no
surprise. The announcement that j. p.
morgan IL Co had bid for the entire
issue or any part thereof ut q slightly
nigher price than that named by Mr..
Stewart for himself and associates was