The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-02-07
NUMBER "a.
'BBDIHGF0R TIE BOND ISSIF.
The Administrators Loan Meeting VIII
Great Success
A BIG STRING OF BIDDERS.
The Loan Subscribed for sIany Times Over
Reliable Information Is That Nc
ids Relow III wan Be
Accepted.

" sAnAAA-NA AUaNH AAAa o. n AAN GEfA NaaIN
Of the treasury to-day opened the bids
for the purchase of SIOO, 200, 900 United
States four per cent 30-year bonds.
which had been received under his call
dated January 6, last At nine o'clock
force of clerks in the loans and
currency division of the United
States treasury department began
the task of opening and scheduling
the bids. The clerks employed were
not allowed to leave the room unfil
the time for receiving bids closed, sc
that no information in regard to the
bids could be prematurely disclosed
The bids were announced from tire
schedule already prepared in the SEQ
retary's Office, where large number q
bidders and representatives OF chs
press had gathered,
All morning bond bids came in rap
idly, swelling the already long string
of bidders, great and small. Every
train and every mail brought a list Of
bids, and at II o'clock the expectations
Of treasury officials were rising aud
predictions were made freely that the
loan would be largely oversubscribed
aud that the bonds would bring good
price.
At 1880 o'clock the large crowd as
sembled about the secretRry's door
was allowed to enter and all Of Che
available space was soon occupied.
Secretary Carlisle arrived at l2 o'clock.
The room at the time was so denseiy
crowded that it was with much din.
Guilty that he could make his way 70 a
seat
The total number of bids received
for the new loan is 4,64O, aggregating
S55s, PCS, $50 This number and amount
do not include three bids OF 500, OO0.-
600, $4,000, 600 and $4,000, 600, which
are of doubtful authenticity. Reliable
information is that so bids below III
will be accepted. The bonds, which
are redeemable ia coin, will be issued
in denominations of $50, or multiples
Of that sum, as may be desired by
( the bidders. United States gold coin
or gold certificates only will be re-
eeived in payment for the bonds,
Under the terms of the secretary's cir
cuiar calling for bids, the first psy'
meut of 20 per cent. and accrued in
terest, must be made upon receipt OF
notice of the acceptance of the
bid The remainder of the
amounts bid must be paid IN In
stallments Of 10 per cent each and ae-
crued interest at the end of each IS
days thereafter. Accepted bidders,
however, are allowed to pay the whole
amount of their bids at the time Of
the first installment, or at any time
previous to the maturity Of the last in-
stRiiment, provided that all previous
installments have been paid.
The bonds will be dated February /,
1895, to run 30 years from that time
and will, therefore, mature FsbrusEy
/, 1925. j. Pierpont Morgan, Harvey
Fisk & Son and the DeuteheF bank Of
Berlin, Us a syndicate, bid for the full
issue of 500, 900, 600 at ito 6s7a Mr..
EelSels announced that q bid for siOO,.
100000 from a doctor in Michigan aad
SIG, 900, 900 from some one in Texas
were regarded as bogus.
The success Of the bond call YVES re-
ceiyed with general satisfaction 10 the
senate. Some disposition was mani
tested, however, by doubtors who
will await details before ez-
pressing an opinion on the sue
cess Of the call, especially as %
the number of bids at high rates
Those who have been especially severe
in their condemnation Of the syndicsts
system were much elated, the number
of bids received and the prices offered
being a complete viEdication Of their
/ course.