The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-06
NEWS OF THE WIEELMEN.
What the Prospectus of tho American Bic!
Gle Company shows.

Gle Company Shows.
For the first time since the organization was
perfected. the debenture bonds Of the Ameri-
can Bicycle Company were placed on public sao
yesterday. at the offices OF Barring, haRoun Il
Co.. 10 Wall street. In the prospectus OF the
trust. q copy OF which was obtained at the
bankers. 1t Is stated that OF the 100000
600 worth OF bonds issued. S3.7o0OOO had
been subscribed. leaving balance of $4,000
600 to be offered to the general investors.
This Is much greater amount unsubscribei
than was expected.
At the temporary Offices Of the company II
was explained by President Spalding's secre-
tary that only 50. 700. 600 were subscribed be-
cause the stockholders were limited in their
purchase. This limitation was imposed prob
ably by the underwriters because OF the
stockholders having the option OF buying
these bonds at a discount. Shortly after 3
O'Clock. when the sales for the day had closed.
q reporter OF THE SuS saw George T. Crane OF
Barring. Magoun & Co.. who is director OF the
A. b. O. When asked what had been the re-
suit OF the days sales. Crane said that no re-
port could be pade until after the books for
public subscription were closed at 3 o'clock in
the afternoon.
Az the bonds are being offered In several OF
the large cities the amount Of public subscrip-
ton during the two days will not be known for
b)In5 tlhc ulteI tIo pOOhb arc CIObtu tO-ulpI-
row. Vice President Pope OF the company was
met on the way out OF the bankers offices. and
when asked about the sale said that he knew
nothing OF It. and that how many Of the bonds
would be taken outside OF the trade and the
He added: The bonds are all underwritten.
though, aud II any remain unsold why the
he Thought the securities OF the com pany would
be listed on change next week. Col. Pope an
because tn. engraved eertncatss airs not ready
yet" Questioned about the nav Offices of the
Engaged In the Tar I Row buiIdInn and and thnt
they probably would be occupied next week.
but not in any an bfS%
rooms. The Significance Of this work Of
scheme for having permanent exhibition "t
bicycles and parts. the scope II which will In
Al As The hTst public abatement 0, its anair,
prospectus OF ths company Is decidedly inter
estns. The combine consists Of forty-iour
the officers are as has besn published. except
that the PROSPECTUS reveals the fact that four
one vacancy on the board Of fifteen TO be rhed
The new executives arc representatives OF the
.o1x w YsdH tH "a%I
Trust Company Gardiner Al. Lane of lee, Hig-
a:Sep &c Ss% 4ort s Gsf" &a n" bs
bour. New York.
Some Of the most interesting points In the
prospectus are about the stock on hand and es-
statement in ar reation to t 10 mercha ndise on
3 hsga s@fe.ns as' s4 hrsI rs o,
stock At this season means year In which the
thought Another fact Indicating that the
panic is passed is that. while the Joint earning.
than st any time since 1894. they are placed a.
100000 moro this season. The stated total
sS,es Rs%sd sv aoq tns ms is
Of 500. 900. $50, 40 The figures given as the
Of f shw s hes ca
ing forty-four, firms averaged more than
$4,000 each Something OF an international
Tnro"o boass Z he f Y c.rSs C?mranS
and the Parts. France; and Wslksrsyille, Csn-
GUIDED. lbs Thought ioreshed9winG q tho
three establishments OF tho combine at
Syracuse.
CORPORATION Counsel whalsn Informed Bridge
Comm missioner shea yesterday that in his
Or across Park Row. With a terminal il CITY
path over the bridge. is to be held this evening
at o'clock.
An issue between the l.. A. W. A. A. L. and
n, G. A. promises to be made next month hy
II: to sp w ssncon Sr ScyP
races. to he held ID conjunction with II "a ath!r,I,
games on NOV. Z. AZ Ln6 RhIltb " ~ De HnutT
4 4. U rules. the, cycle races, II held under
C. psPm'th VIZ pe ~ S Snd e md snSSs Viii
call for INN sdate action by the League.
The annual ten mile handicap OF the Kinga
Wins TSIs race is. important al III. time, as
HYDE to select his team Tor tho ten ie intsE;
club team race OF the A. Z. c. j., l. which Will
be held on Oct. IL.
sr LOUIS Oct 9Th. chief event at Ath-
Charles ". Miller and w" Judge as team om-
F"s EsS and ssora mt thee
Waller and stafford disabled their mqGch'ns
and could mot Miller ~ sra rf Gr
ing the go. Pierce crossed the tSpe first IN the
lirst mile IL ! minute spd 90 seconds T n"s
S Sn1 tSiTeen f' and toHrt..nth and Mile
chaked up the other fourteen miles to hiH
twen;isth. minute - 3-5seeonds. Marx Ers:
paced amateur i've mile event In which john"
Lake " New York FACED ny Miller ma JMdE-.
and stone we're entered Alter The FIRST mt''
Nelson's motor failed Lake winning. SUM
mary:
One. Mns Novce--wisrner hrft; Ferguson,
second; Hasrting. third. Time. minutes 81 II
ThIss Mi. Motor Paced Amateur Race-LNhe.nrn
Nielsen .sSTE o %!Eut1s 90 " sr,u
pteroe Sooond Time BT minutes 20 seconds.
Racquet Court for the wOStchestsr Country
club.
Plans were fled with Building Commissioner
Brady yesterday for a tennis ami rnrIurt court
TO be buit for the Westchtst"r Country Gu.
on North road. Just east Of the Eastern bo,,!"-
ward. The architects are Potter y hnelllaH.
and the owners the Westchester County
Club Land Association. The building win
cost 81 40