The herald., 1898-01-11

8ellnb 4, 4i1 anu D per cent poHuS, INC peS'
and largest sale being s2,74S0O0 of Water
Improvement As on a 1857 basis to Messrs.
5peyer & Co. of New York. But in the
past sxty days of abundant and easy
money, many cities, including some of
minor iuportance, have sold bonds or
nego lated loans on a much lower basis
than Chicago sold small lot of 100000 on
Decembcr 22. We append brief List, as
illustrating this point:
CITY. Basis.
Camhridge Mass.............$ LOO, ,000d3 10
Brooklyn, N. Y............... 570,000Q3.146
Hartford, Conn................ 3O0,0OOg3.1 .137
Hartford, Conn................ 150.0o0q3. 147
New York. City................ 50,OOOgS.07
New York City................ 9l9, SS0q3. 10s
New York City............... 2,67S, ,240q3 113
Troy, n N..................... 23,5O0u3.A
+ + =
In the opinion of the San Francisco News
Letter, he London and Globe Finance
Corporal n, which has scored such a sue
cess IN yyestralian mines, and in fact
everything 1t has so far had anything to
do with. seems to have stolen quite a
march on our great American promoters
Under the skillful management of Mr.
Whitaker Wright, whose name will be IA
miiar to many of the od-time mining men
just bought out the British America Cor
poration, Limited, which absorbs, in ad-
dition to some valuable mines in British
Columbia and number of claims in the
klondike in active operation, the old es-
tablished business of the Alaska CONNER
cial company The representatives of the
company In this city, says the News Let
ter have denied through the local papers
that they are negotiating sale of their
property. This is literally true, If London
adVices are correct, that the negotiations
are closed placing the matter in the past
instead OF the present tense in discussing
the project for publication. From all ac-
counts. the issue of 91,5OO,0OO was we'll re-
ceived by the public. and the subscriptions
largely exceeded the amount of shares
available for allotment. Lord Dufferin is
president OF the corporation, and 1t is
just probable that either the Marquis of
Lorne or the Duke of Fife will be on the
board Of directors. The profits of the
Alaska Commercial company for the past
twenty-six years are stated to have been
$2lOOO.0OO, and the price at which the prop
erty Is taken over by the London and
Globe Is s300o.0o0 the future profits to go
to the British American company The
property referred to consists Of wharves.
real estate warehouses. stores, trading
stations for over 5000 miles, steamers and
everything in the way of stores and plant
at northern depots; stores at Circle City,
Forty-mile. creek and Dawson City, and
other stores, land and claims too numer-
Gus to mention.
"A leading New York authority on bond
Investments says that there has been quite
demand for good New York and nearby
Traction bonds. Investors also seem to
be willing to pay better prices than have
been ruling the last few months The de-
mand for good gas bonds has kept up we'll
coming principally from interior towns
There has also been some inquiry for the
bonds of reorganized water companies of
the larger cities, offerings in these are
also more plentiful than the present de-
mand. The public seems to have at last
taken kindly to Chicago securities which
have been hitherto neglected. There can
be no doubt but that next to our own local
issues none deserve the confidence Of the
conservative investor more than the un-
derlying bonds Of the Chicago Gas, West
Side Street Railway and other large prop
entes Of the City by the Lake.
+ 4 4
The treasury department at Washington
has had a New Years surprise in the dis
covery Of a counterfeit 800 note, so clev-
efly executed that, for time, most Of the
leading officials in the secret service de-
clared it genuine. Four similar counter
felts were received at the sub-treasury in
Philadelphia, and the discovery has caused
a sensation. Chief Hazen solved the ques-
tion of the genuineness of the notes by
submitting one of them to process of
steaming, which showed that the note con-
sisted of two sheets pasted together, in |
closing the bits Of silk fiber used in all
government and bank notes. A genuine
bill 10 made from a single piece of paper. |
Upon the most careful comparison of the
supposed counterfeits with genuine 500
bills, the department found several small
defects and issued this statement:
Series 1891; check letter D; face plate
number 1; back plate number 2; ]. Fount
Tfllman, register; D. N. Morgan, treas
urer; portrait of James Monroe; small
scalloped carmine seal. This Is the most
dangerous counterfeit note known to this
service. The most noticeable defects are
to be found In the numbering and"seal. |
The former. which in all the notes so far
seen begin either with 'E345' or 'E346,' are
dinerent In formation from the genuine,
especially thhe figures and T.. In the 8
the lower loop does not extend as far round |
toward the center Of the figure as in the |
genuine. In the the diagonal line meets
the cross line In sharp point, whereas in
the genuine 1t Is blunt. Also the space |
between the base Of the figure and the
cross line in the counterfeit is much mar
rover than, In the genuine The seal is a |
shade lighter than the genuine.
Inc formation of the letters in the
WORD James, under the portrait, is poor.
Ine cross line of the t. in Washington.
lower right hand center face of the note.
only shows on the right hand side of the
upright While in the genuine it is plainly
70 De seen on both sides. In the genuine
portrait, between the buttons on the roll
OF the coat, the shading Is made IN of
crossed diagonal lines. forming small
DiocKs; an the counterfeit the lines run
one way. The parallel ruled lines in the
panels containing the number are IN many
places broken and disconnected. The
,a'ne ny, work is as near perfect as can
be. The quality of the ink used On the
back OF the note does not appear to be
good, as several shades appear on the dif-
ferent notes seen. This counterfeit is an
parently printed from 'photo-mecbani ~ %
plates on two pieces of paper pasted TO-
been distributed" "aS
Interpretations
colonia Improvement company. San