Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1896-01-09
The NEW LOAN.
Treasury Officials Receive Few
kilograms on the Matter.
A PUBLIC SUBSCRIPTION DOUBTFUL.
Neither the President Nor Secretary Car.
Isle Place Any Reliance on the sue
cess Of the bond Issue Except
Through q syndicate.

WASHINGTON, Jan. 7-Up to the tim,
OF closing the department yesterday
the treasury officials had received only
few kilograms concerning the new
loan, and these were not Of a character
to indicate how the announcement hat
been received throughout the country
Although the president was con
strained to make this a popular loan
as far as possible, by soliciting indi
vidual subscriptions, 1t is understood
that neither he nor Mr.. Carlisle place
any reliance in its success, except
through the aid Of the syndicate, moi
because Of any lack Of confidence, but
for the reason that the gold OF the
country Is very largely in the hands OF
the bankers, who are unwilling to part
with II except to their own material
advantage, especially at this time,
when 1t is at premium.
The announcement OF the secretary's
action was general surprise. No one
here outside Of the president and prob
ably Secretary 0lney knew OF Secre-
tary CarIise's intention. The new
bonds will not differ in any respect
from those issued to the syndicate and
such as are needed after the supply
now on hand has been exhausted will
be printed from the old plates.
Persons well qualified to Judge OF
the result OF the issue do not look for
large subscriptions from private indi-
viduals, and the opinion Is expressed
that the syndcates bid for the entire is
sue will be accepted. 1t Is recalled that
private subscriptions to the first loan
OF $50, 100000 amounted to only about
$3.50, 000 and to the last loan but little
more, and, as the bid submitted by the
syndicate contained the condition that
they be awarded the entire amount or
none, 1t left the government little
option in the matter. The last issue
resulted In the payment into the treas
ury OF SOL, Jig, 2i4 in gold, for which
the government issued four per cent.
~ year ponds 10 the amount OF s62,-
3l5, 400. The premium realized by the
therefore, was $2, 800, S44,
or 'o'4'' per cent, the investor renliz-
ing u ra'e OF interest about .O375 per
cent Inc market price OF these bonds
Is now about ia.
me treasury now holds legal tenders
70 'he amount OF Sl474V5,5l0, OF which
sllo, SOL 45 are In United States notes,
". oa''ooo IN currency certificates and
..s'o44'oll IN treasury notes OF 1890.
me amount OF legal tenders now In
'lrcu'a''on IS WIS, lSH64', as follows'
lreasury notes OF 1890 sll5,72o, 769;
1h'ted states notes. S@So' $685. s7s, and
currency cerlihcates' S2O6, 65S,sa6 OF
ne amount OF legal tenders IN circula-
ION 'ne o'hs national banks on Sep
e'hoer 10 iast' 'he da'e OF the last re-
orr ne'a si4a' soo'oso' the remainder
eng ne'o ny STATE banks, trust COM
ah,es' savings banks and private
a',ks' appregatlng IN number lO,03s,
M ny private INDIVIDUALS.
senators ula not seem disposed to
'iR aoout Tue circular Democratic
'na'ors generally were non'commit-
H. SENATORS harris ana vest both
'eihocrs VI the finance committee,
i'u .n'y nau hot read the call and had
o'hinR 10 say senator Gorman said
'a' 'ne ca,l was all right; and was the
',he IN 'he irst Two BOND issues by
aus ADMINISTRATION Senator Morrill,,
Oh thc finance committee,
III 'nu, unefe was nothing to say
you. 'ne ca.'' that II spoke for itself.
'n"'or le''er saiu ne was gratiiied
.Vs.... .Ia.I