New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-15
PAYMENT FOR BONDS.
THE FIRST INsTALMENT OF 20 PER CENT
DUE TO-DAY.

,,xp.,n prns MAY 90 TO THE MORGAN syNDI-
c.rr-MR GRAVES STILL has HIS CON
TRACT on HIS HANDs-REGIsTER
LEVY WEIGHED DOWN BY GOLD
The deposits OF gold in the New-York SID i'eaS
ury In payment for the new Government oo'uE AK
gregate to date s2s.ccO.O0. Withdrawals OF to'u
from the Sub Treasury since and Including Sa'ui
day February S. have been S6.oF9.VVO. No 's"
have been furnished to the deposits IN 'ho o''N7
designated by the Secretary OF the ireaSu'! - ~
ceive gold account OF bonds
The time for paying the first iEstaineh' VI ~ P0
cent allotments of bonds will expire ,','as ",'
the Sub-Treasury will be kept open until e'orN'
or one hour later than usual on SATURDAY i'' VIZ
purpose Of accommodating purchasers
II turns out that the visit OF j Pierpoh' "o's'''
20 Washington was to learn from the Secretary
OF tho Treasury whether bonds whlch p'uue's i"''o
IN nay for would ne allotted to the Morgan syndicac
II is declared that he Informed they wou'u pe'
and accordingly. instead OF getting sS""V,.V0 % '
bonds the Morgan syndicate will very likely se'
nearly n not quite sic,ooo.coo .
William l.. Graves. to whom was awarded H''o""
OF the bonds at 1851. has not yet succeeds IN d'
posing OF his contract. He says he VIII pay IN -
per cen. on the bonds before the Suo-lreasuiS
closes to-day. The awards are not transierrlole'
The bidder whose bid accepted must pay in the
gold and receive the bonds in his own name put
then he can dispose of the bonds as he sees hit A
man must DO In high financial standing to be IN
trusted with si.5OoCoO of bonds and counting the
premium over $5.OtD.O0O of god Here is where Mt
Graves is having trouble. He is practically un-
known In the financial community. 1t looks as II
his bonds might go to the Morgan syndicate.
The Investment Corporation Company" put In
several bids and lots of bonds OF 100000 each,
or $500 900 atogcth awarded to IT at an aver
age price of 1880 II struck big bargain, ana II
has paid in 20 per cent on the bonds The concern
has a small office at No 10 Broad-st lis president,
II Nj. Mcdonald. says 1t has paid up capital OF
$4,000. II ought to clear per cent. or 100000 on
SIS bonds
The Independent order Of the Sons of Benjamin
was a successful bidder for 10000 bonds az IL.
Register Ferdinand Levy, the grand master Oh Inc
order: Samuel Ascher. the grand messenger, and
Philip Freund, the treasurer of the Gratuity Fund
OF the order visited The office Of zimmerman *
them the gold 10 pay for the bonds The money
was delivered In canvas bags holding $1,000 each;
Mr. Levy took bag on each shoulder and proceeded
10 the Sub-Treasury, followed by MI Ascher ana
Mr. Freund. who carried the rest Of the money IN
satrhel Mr.. Levy said the Order OF the Sons
of Benjamin the largest Hebrew order in the
I-nited States and the only to buy bonds.
The amount of new bonds thus far received at the
Sub-Treasury IL 100000 These bonds are printed
from plates as the issue OF FEBRUARY. 1879.
but they have one years coupons detached.
I, is recalled that when Cobb was Secretary OF
.he Treasury in 1851 he required deposit OF per
cent from bidders for issue of $OoOOO0 of bonds:
Goyernment bonds had a bad fall Most Of the
bidders refused TO take their bonds and lost their
fadenburg Thamann Co have. withdrawn
100000 in gold from the Sub-Treasury for Shipment
TO South America