New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-11
PAYING FOR THE BONDS.
NEARLY NINE MILLIONS IN GOLD DE-
POSTED YESTERDAY
A SCENE ~ THE sUD-TEEAsrRY BETWEEN AS
sIsTAHT TREASURER JORDAN AND

A SCENE ~ THE sUB-TEEAsuRY BETWEEN AS
srsTAxr TREASURER JORDAN AND
LEOPOLD zIMMERMANN
Tho Genosts Of gold In the Sub-Treasury yea
terdav in payment for the Government bonds
v.orc s3795ei Is which, with the deposits on Satur-
da, brought the total paid in at the Suo-Treasury
on account OF bonds up TO something above Sl959'-
coo In addition a good deal Of gold was left at the
Sub-Treaslry 20 be counted and examined.
Letters arrived from the Secretary OF the Troae-
urv by the morning rail designating these banks as
dcnoslto,ies for gold paid for bonds, ard the
amounts they received outside OF that noted
for the sub Treasury: National city. Hanover Ma
tional Firs. National, National Bank OF Com
merce. National Park. Chase National and Sea-
board National The repositories can count IN their
reserves gold delivered to them for the Govern
;ncnt, and thus a stringchcy IN inc "'o'cS "a'Nc'
Will be avoided.
The syndicate composed Of J. T. Morgan q CO..
tire National city Bank, Harvey FISK Sons ana
the Dcutsche Bank. of Berlin. TO which was al
otted &C. 80 Of the bonds has, it is UNDERSTOOD
sold all the bonds it has offer. Il is reported
that some 100000 go abroad. and that S5cOJcO adj
ditloual will be retained by members Of the syndi-
cate for investment. The s2S,0opoN or 80 OF bonds
that wcre disposed Of wee sold al from Log 10
1iGi for gold The payment for the bonds mas ike
wise been practically completed
While the Sub-Treasury SIN crowded with
o,coc; Yesterday an exciting scene took place IN
the corridor leading from the Pine-si. entrance 10
the rotrnda. Leopold I!mmermann' o. thinner
mann & Forshay. specie and bullion dealers had
presented $4,000 in greenbacks. for wAcn ne hiu
received cold coin in canvas bags containing s1cD
each which had been placed en- ittle truck ana
wheeled out from the coin division into the corri-
dor.
Mr. Zimmerman was delivering goid 10 poha
buyers whom tie had contracted t. supply ana they
were handing back the gold through the receiving
,eller,s window when Assistant United States Treas
urer Conrad " Jordan appeared Mr. Jordan Is OF
sn OK ,i,able nature and o. IS Mr.. Zmmernann
Il won't allow this sub-Trcasury to be made a
brokers' Office, SAID MI 1oio~'' " MI '"'''
you took gold from others This Is favoritism
r'p1 IN The delivery Of this gold on this floor
Il consider this lavoriism," repeated MI. Hlih-
M, nv his time large crowd had collected around
the two men. and Mr. Jordans ire was thoroughly
III you want to make statements like mat yoM"
must do Il elsewhere Go outside ana n t n,, HE
s".I 1s All bumbTg Isn't It ridiculous to take gold
around the corner and then bring i'll back again
This thing Is mudded Ike everything I, isc tnr ~,
minisrauon docs deH@g.d sI o. my uian d.
Fairchild. Of IN, Kings County 1rul' 'Hp"'y - ~
brooklyn. ard had S5cN'o more to deliver - u. IL
1iohIschmidt 4 Co. Russak Brothers q liefzos ana
~ was said that Mr. Jordan refused to receive
$4,000 IN gold from Lazard Freros uhder si'i"'"'
circumstances . ~. ,..a,.
l. Won Hoffman, & co. deposited at IN" Assay
Ofice $4,000 in gold which arrived by tn" - am
shin Ncw-York The Aurania, when afTit,i w.
,rrt,y brought $4,000 In gold. shipped by IlN,'y
Abel. of London. and $4,000 shipped ny btht'
palmer q. CO.. OF London. These conssIin' ms VIZ
10 order" IL was sa!d they were for the morgan
syndicat" , 81. ,,o-. ,ll ,.cs,o-dav
AT l;7. ana closed 1862. Mos of Tie TRANSACTIONS
were seller - Hat. which indicated thdt IN" SINUS
were by purchase rs of the new bonds 49,,
Sterling exchange was weak. OWING 10 VIZ, i''h
SUNNY OF bankers bills drawn against bonus sou
abroad Money on call whS 'oHpalh'l,'ty I' -.
~ highest rate was per cent tho lowest ana the
cl"sina / The stock market was strong ana active.