Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1896-02-06
A GENEROUS RESPONSE.
ABOUT 5000, 100000 OFFERED FOR
THE BONDS.
Price Ranges From Par to Ovor 40
4640 Bids submitted-A Morgan Syn
dictate Makes the Largest Offer
-vermonters Bids.

Washington, Feb. 5.-'rhe bids for $780,
100000 80 year per cent. United states
bonds were opened at the treasury depart
ment at noon to-day. The principal con-
dtion is that the bonds must be PAID IN
gold. The present issue OF bonds is the
fourth since Feb 1, 1894, all of.them nav
ing been made ostensibly TO maintain the
treasury gold reserve. The bids were open
ed in the room of Secretary Carlisle.
Nearly all those present as bidders came
from New York, but there was a sprink-
ling of financiers and bankers from Chica-
go, Cincinnati, and other western cities,
and some from Boston. Hundreds of mill
lions of dollars were represented.
The treasury department was simply
overwhelmed by the enormous number
of bids received. with Is expert clerks at
work scheduling the bids from o'clock
this morning until 6 o'clock tonight, 1900
bids remained unscheduccd. They VIII be
copied tomorrow,
The great feature of the bond bidding
was the offer OF j. p. Morgan's syndicate
which as now composed includes only his
own banking house, the Deutsche bank OF
Berlin, Germany, and Harvey Fisk and
Sons of New York. They proposed to take
the entire issue at HOGS Only one other
bid of anything like equh amount was re-
ceived. j. Pierpont Morgan, after figuring
on the bids received, said tonight that he
estimated that he would be awarded or
| his bid about 60 per cent of the 800 900
| The number of small bids was quite re-
markable. The $50 offers ran up into the
hundreds and at fairly GOOD prices. Over
1000 small banks and private individuals
made offers ranging from $500 UP TO $500
or $1,000.
| one of the curious incidents Of the day
was the foct that the bid of the Unor
Trust company of New York for $4,000.
900 at 1lO.0lj almost escaped notice in thu
monotony of the reading, while the bid o.
the Morgan syndicate was received will
applause.
A large tin box was placed on the tabl
shortly before 12 o'clock. 1t contained tn
bids. they were done up by days and upoi
each package was marked the date oil
which the bid was received.
The following are some of the Offers
PRICE 1000.
Citizens National bank, Cincinnati
$500, 600; Rhode Island Hospital Trust com
pany, Providence. 200; Peoples Ma
tional hank. Brattleboro, VT, $4,000
Among the bids In sums Of 100000 ant
over, at 1850 was the Vermont Nat!ona
bank of Brattleboro. $4,000 At LII Ma
tional bank of Newbury, Wells River, VT
was a bidder for $4,000.
The National bank of Newbury, Well
River, VT, also bid 1.12 for $4,000.
At 1.12 the Baxter National bank, Rut
land, VT, bid for $40, 900.
Joseph Pulitzer of the New York World
bid 81, 600, 900 Ut LA. lie says that this BIZ
is the highest bid to-day. under his prom
Use to head the list.
The total number of bids Is 1910. aggre
eating s59s, 269. $50. This is after rejectin
as bogus the Texas bid of SIG, 000 900 an
one for 800, 100000 from a physician Il
Michigan. No bonds will be sold beloy
1.IO3s.
Secretary Carlisle at 2:3O o'clock sal
he was extremely gratlhed at the re
Spouse of the people to the government
appeal for subscriptions to the bonds.
showed that. when the people were az
pealed to, they would not fail to properl
respond.