The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1896-02-08
|; new BOND ISSUE,
sCry Department Clerks Busy
Tabulating the Bids.
|EfIHITE ANNOUNCEMENT As YET
J the Successful Bidders-The New
4 Papers See in the Result a
Wonderful Endorsement OF
the Nations Credit.

Wondertul Endorsement OF
the Nations Credit.
kDz1xaTos, Feb. 6.-Fifteen or
~ of the most expert clerks of the
Fury department are working on
(1bulation of the enormous mass
md bids, and the most sanguine Of
ec4fcely expects to complete the
belore Wednesday next. Until
Abulation is completed no definite
u1c1uent can be issued to bidders
Whether their bids have been ac-
"A o. not. There is a well-defined
~. however, that, beginning with
loIlZ4fy bidder from impoverished
ourdland, who offered his hoard
oId = rate of $50 for 50-dollar
per-cent. 29-year bonds of the
Cd States down to the bed level
~ the Morgan syndicate at ll0.6s77,
ids viii be accepted.
erything under that figure will be
'vn aside. But in this assumption
diseretion distinctly reserved by
ecretary of rejecting any and all
and the further intimation given
that, other things being equal,
renee would be given those who
ose bringing their gold from
md, have to be taken into account.
Morgan, having associated with
one Of the strongest financial in
0ti0ns In Germany, and himself
INK an Interest in powerful bank
uatitptions abroad, may be able to
such assurances as to the importa-
Of gold as will increase the per-
sge Qf his bid accepted. Mr.. Nor
hiuoelf, as stated in Wednesdays
ntches, thought there were only
NJ, 900 nhead of him. The full list
n that II all the bids received
bona flde there may be, perhaps,
.00, 900 more. 1t will be, of course,
;etionary with the secretary to ac-
say. s5O,OOO,O00 of the Morgan
Licate bid on condition that the
or the greater part of it, be
ght nom abroad, and to partition
remaining $50, ,O00,OO among the
eligible bidders at III and up
crctary Carlisle has not so far
n any Indication as to his purpose.
lat the New York Press Has to Say.
iw YoRK. Feb. 6.-Commenting edi-
lily upon the overwhelming sub
,tion to the new bond issue, the
tune says; The magnificent success
Chc new bond issue is at once a
Ding Condemnation of the past,
Impressive proof of the nations
1T and a convincing assurance OF
future.
ie Herald says: The large bids at
avy premium for foreign account
1tltute the highest tribute that can
aid to our financial standing among
nations of the world. The effect
business throughout the country
be most excellent.
1e Times says The bids of more
j Ave times the loan asked for by
government in order to maintain
gold standard is the answer of the
1 men of the country to the wild
malignant attacks of the free sill
men. That is the meaning of this
.ly tremendous demonstration
Oh the whole world win recognize
vast subscription to the loan is q
vlncing proof of absolute conf
CO In the credit of the nation.
he Recorder says: This tremendous
Subscription of Mr.. Cleveland''
Fth loan proves the unbounded con
nee of the American people in tn,
nRth and stability of their owl
ernment; also their mistaken faitl
Is perfect solvency and the certain
II the redemption at par, dollar fol
ar, Of every piece of paper /
Les. American banking, trust anC
1rsnce companies would hav'
en- up the first, second an,
d bond issues just as easil.
they have taken up the fourtl
ley had been asked. The secretly
otiated syndicate transactions o
year and the year before were un
es<ary. Mr.. Cleveland simply di'
kUow his own countrymen.
ho Journal says: The superb dem
trotion of yesterday-a subscrir
five and half times as great a
asked for, from more than 500
erent sources-will convince Euro
rs that no element of financia
tI<ness will compel the America
on 10 abate one jot of its legiti
kc pretensions.
he World says: The credit of tn
'trnment is maintained. The finan
dependence of the nation is sue
4fuIly demonstrated. The conf
Ice, the resources and the patriot
Of the people are splendidly Wind
ed.
he Press says: In 35 years there ha
bn no manifestation similar to tina
the uprising of the loyal states I'll
kerday. Then with the deliberat
et which struck Hawthorne a
most awful feature of the NJ
Ing of 1861, the people of thi
Ion assembled at the gray shrine @
public credit at Washington an
1xcd their faith in the indestruct
chnracter and unblemisned hone
this Government for, so far as the
re concerned, all time to come.
rhe Morning Advertier says: Civ
: banks and the financiers the cred
this. Their patriotism and the
|hfldence in the government mad
npetition sharp. 1t matters littl
|ich Syndicate gets the largest slic
khe loan. In the resultant bushes
Isperity all over the country ever
Nj, Woman and child will share.
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