Delaware gazette and state journal., 1896-02-06

A SMYRNA BANK AMONG THE BIDDERS

Tho Bids Opened aud Scheduled .by a
Committee Under tho Direction Of As
sistant Secretary Of the Treasury Curtis
Bids Below III Not to he Accepted.
Associated Press Dlspltcn by sos;ill WiroA
Washington, d. c., February s.
The interest manifested to-day at the
Treasury Department in the opening OF
the bids for the present loan far ex-
coeded that attending either of tho
others, and as early as 8. 80 o'clock
prominent capitalists from New York
and other Eastern cities began to put
in an appearance at tho Treasury
Many of them called on Assistant
Secretary Curtis, who explained to
them what arrangements had been
made for the opening.
The opening and scheduling of the
bids was conducted under the direction
of Assistant Secretary Curtis by u COM
mittee consisting of Mr.. Morgan,
United States Treasurer, Mr.. Eckele,
the comptroller Of the currency, and
Mr.. Huntington, chief of the division
OF loans and currency.
AT 12. 10 p. m. Mr.. Eckels announced
that up to this time there had been re-
ceiyed 3, 107 bids, aggregating $3.50, :
232, 500 ranging in price from par to
Sll9 and fraction. Other bids not
yet opened would probably raise the
number to 4,500, aggregating $40, 900,
600 more.
The big syndicate bids were not re-
ceived until this morning and the re-
suit was that it was impossible at
O'Clock to give their amounts or prices,
the force OF Treasury clerks being
swamped with the work Of tabulating
the vast number of bids received prior
to TO day. The earlier bidders with
the exception of Robert E. Glenden-
ming, Philadelphia, $500, 600 at S1l2. 70
Albert i. Judson, $500, 000 at S1l3. rs,
all bid for amounts below half mill
lion, the amounts ranging from $50 to
about $500, 900. The Treasury tabulated
the bids according to the price offered.
There were l54 bids aggregating
So. $50, $50 at 11O; "a bids aggregating
1888, 800 at Ill. 2992.
The Hanover National Bank bid for
81, 600, 600 at 100, do al 109. 95, do at
ITO. 300, do at ITO. 50, do at 110. 9S5.
There were received 58 bids aggre-
eating 81. 260, $50 al 1l0.50,
Mr.. Eckela announced that bid for
500, 0OU, coo from a doctor in Michigan
and SIG, 600, G0e from some one in Texas
were regarded as bogus bids and that
the total OF S6s4, 269, $50 should be re-
duced by this amount.
BIDS BELOW III Nor TO BE ACCEPTED.
New York, Feb. 5. John A. Stewart
announces that he has received reliable
information from Washington to the
effect that no bids below Ill will be
accepted.
j. +. Morgan and Harvey Fisk &
Son, and the Deutscher Bank of Ber-
lin as syndicate bid for Sl00, 900. 600
at S110. GS7S. Up to l. 40 O'Clock 4, $40
bids for 1854, 269, $50 had been opened.
Among the bids in the first schedule
were: Penn National Bank, Reading,
Pa, $50 600; National Bank of Smyrna,
Del, $50, 600; Second National Bank,
Wilkesbarre, Pa, $780, 600; new First
National Bank, Meadville, Pa. s., 600 /;
First National Bank, Franklin, Pa,
$50, 600; Wyoming National Bank,
Tunkhannock, Pa, $500; Union Ma
tional Bank, Pittsburg, Pa, $40, coo I;
First National Bank, Tamaqua, Pa,
SIS, 600; Jenkintown National Bank,
Jenkintown, Pa, $40, 600; Farmers Ma
tional Bank, Watsontown, Pa, S., 600.