New-York tribune., 1896-02-06

Isles ROOM-4.Gio BIDS RECEIVED
list OF THE BIDDERS AND
THE AMOUNTS THEY WANT
Washington, Feb Bids for $1O00 900 thirty.
year per cent United States bonds were opened
at the Treasury Department at noon to-day un-
der the conditions prescribed in the circular IS
sued January last by Secretary Carlisle The
total number of bids received was 4,6iO, aggregat-
ing 1854 269 $50 but bid Of SlOOOOOOOo from
physician In Michigan and one OF sl6,oe0,o0O from
Texas are evidently bogus, and deducting these
amounts leaves the aggregate OF genuine DidS
s56S 259 $50.
Secretary Carlisle said that he extremely
gratied at the response Of the people TO the Gov
ernments appeal for subscriptions to the bonds'
II simply showed that when the people were ap-
nealed TO- they would not fail properly to ~
spond
The official average figures at which the $loo'
ooo OOO will he awarded will not be known until TO.
morrow
THE MORGAN sYNDICATEs OFFER.
The great feature OF the bidding was the ohef
ofJ p Morgan's syndicate which as now COM
posed includes only his own banking house the
Deutsche Bank Of Berlin Germany, and harvey
Fisk & Sons Of New-York They proposed 10
take the entire issue at l0es77 Only one other bid
Of anything like an equal amount was receNeu'
which was that Of the United States Trust COM
rany. Of New-York, for s77,0o0,OOo at lloO'S. Ar.
Morgan after figuring on the bids received, said
Tonight that he estimated that he wouid secure
on his bid abou; so per cent OF the siooVooooo
He reached This conclusion SIMPLY from hearing
the various bids read. as he did not think that
b,ds for more than $40 900 900 above that figure
had been made.
Scarcely more than one-third Of the actuai
bids received are included in the imperfect hs's
now published. Several thousand bids below tne
obvious limit OF acceptance are omitted p'uS
for many millions Of dollars coming from Ne"-
York. New-Jersey. Ohio, Pennsylvania IeNas'
Illinois Connecticut. Vermont Maryland Ne
braska. Missouri. South Carolina, North caro-
Ina. Indiana. Michigan. Louisiana. Washington
Iowa. Wisconsin, Minnesota, and, IN tac'' hearS
every State OF the Union, are thrown ih'o t"s
most ncongruous state Of juxtaposition' ana
number ot offers from Canada were rece''eo ~
prices ranging from lo9 downward.
The number Of small bids was remarhao's'
The $50 offers ran up into the hundreds and AZ
fairly good prices. and over one thousand small
hanks and private individuals. whose oners
at the highest rates Of acceptability ranged rom
$500 up $4,000 or So 600 are not inciuoru a IN 'n
small bidders below the 10 and traction Hni,
which seems 70 shut off the issue, were sun
u1Ar n
these offers was that so many OF those OF iarge
amount ranging in many cases up 70 one or
more millions of dollars, came from nc hcuc,say ,has
institutions which thereby Indicated tnat tney
had no better outlet for their money than that
afforded by the United States bonds AT the
rrice at which they will undoubtedly %
awarded.
THE DEPARTMENT OVERWHELMED.
The Treasury Department was simply over
whelned by the enormous number OF BIDS re-
at
scheduling the bids, at o'clock tonight. they
having worked ncessantly since this morning
200 bids remained unscheduled. They VIII Dc
copied tomorrow.
II will take many hours Of hard work 10
traighten ont the tangle as to the bids received
and the exact prices offered In spite OF lte cars are
exercised by the committee which opened tne
bids many unavoidable errors were mace IN
Announcing them As proof OF THIS II may De
mentioned that a number of offers from prom
inent Eastern financial institutions. all appar-
emily acting in concert. were read out as peln8
at ll0.75 This had gone on for some time wheh
the correction was suggested py one o, 'ns
parties in interest that all those bids were at
1908 In future readings they were so an.
nounced. The official analysis OF the hsures VIII
determine the result and this VIII be necessarily
q work Of great labor Az the day went on the
number Of bids was found to be so ENORMOUSLY,
in excess of any anticipations that fun
enumeration Of them became Impossible WITHIN
ordinary newspaper space
THE SCENE IN Mr.. CARLIsLE'S ROOM.
The bids were opened In the room of Secretary
Carlisle an apartment about i0x25 feet. A large
table was placed at the south end Of the room.
cver,o) king the Potomac River and the Washing
ron Monument at which sat Secretary Carlisle
Assistant Secretary Curtis and several clerks. In
front Of the desk were placed number or chaiiS
Every seat was taken by those who had come on
in person 10 present bids. and many were conn
PEELED 10 stand. Hundreds OF millions OF dollars
were represented. Nearly all those present rs
spr,nll!ng of fnanciers ana bankers from Chi
cago Cincinnati and other Western cities. ana
some from Boston. ,
\ large tin box was placed on the table shortly
before I2 o'clock. 1t contained the bids They
were done up by days. and on each package was
marked the date on which the bid was received.
| When Secretary Carlisle entered the room
promptly at noon he was received with applause
from the people who were present Az was ~
readiness, except the 6ids ana Lar a. ha,,Srr ,V bsen
received lust before noon. II would take na!r a"
hour or more to schedule tnem Az iZ:io =, ".'
! Controller Eckes appeared at the 400. WIN ~.
lie, -, h,ds in his ands and announced the com:
mittee appointed by the secre'ai' ~ WV"
| tabulate them
OPENING OF THE BIDS
| Y-,aer the immediate charge OF Assistant SEQ
retary Curtis the following committee openeo
tho bids: James II. Eckels. Controller OF .ne
currency: DAME N. Morgan Unitea STATES
rreasurer and A. p Huntington. Chier OF tne
Division OF Loans ana currency 'e''e'
| hce ,os an roruarv "a ana
was for 5000 at 10. Among the nrst read were
,hnsa of the Second National Bank. OF Coopers'
town. a. Y $4,000 at los; Jsrnie Waldemam;; san;
a. mar. Joseph r. Smith. Baltimore. $1,000 at los
John l. Farwell. jr. New-Hampshire. 500 al
10: Loan and Savings Bank Charlotte n @
5000 at 10; Peoples National Bank OK Bunaio.
$50 600 at 10: ]. F. Smith. st. Louis. $4,000 at
io4: Maine Savings Bank Portland, Me. $l5o,0N
at no. Williamsburg. n. Y. Savings Bank, s5oV,ON
at III This bid was received with applause, az
II was the highest bid UP to that time. Benny
National Bank. Birmingham Ala. $50. 900 at l09;
Atchison National Bank Atchson Kan. $4,000
at lO4: Detroit National Bank. Detroit. Mich.
100000 at 10; Suffolk Savings Bank Boston,
aaoa 4 Rnan n