Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-08
Citizens National, Baltimore. Md. 100000 at


Union Stock Yards National, South Omaha,
National City OF New York. n. V, $500, 900 at
los
Traders National. Spokane, Wash, 100000 at
First National. vicksburg. Miss. 100000 at
First National Cleveland Ohio 5000. 900 at 1903.
Second National. Erie. Pa. 100000 at 1GS
Santa Rosa National. Santa Rosa, Cal. SllZ,-
Ya!e National. New Haven. Conn, 100000 at
Citizens National, Wooster, Ohio. 500, 600 at
First National Omaha. Neb;: 500, 900 at , ioS
Corn Exchange National, Philadelphia, S2oo'-
NJ Merchants National. Philadelphia. 100000 at
Merchants National. Philadelphia. 100000 at
National City. New York. N. Y. 100000 at
Merchants National Philadelphia 100000 at
National Bank OF jacksonville. Fla, $780, 900
~ National City of New York. N. Y. 100000
Merchants National Philadelphia 100000 at
N Rational Copper. New York, N. V 100000
rronkiin National. Philadelphia sl'''ooo at
N National Bank of Commerce. st. Louis $780,
OyS Florida ai "a National, Jacksonville. s2oo,ooo at
View New York State National. Albany. N. 1''
$3.50 600 at 102. .62I. .ooo 900 ~
M Merchants National Philadelphia, 100000 at
National Bank of Jacksonville, Fla, 100000
First National. Roanoke, Va. 100000 at
ioStiG National Bank of Commerce, Detroit Mieh
siSoGo Satonal CITY. New York, n. Y, 100000 at
PaInletta National. Columbia, S. c., 100000
Merchants National Philadelphia. 100000 at
First First National. Plttston. Pa. 100000 at
Allan Atlantic National, Jacksonville, Fla. 100000
National Copper, New York, n. Y, 100000 at
Franklin National. Philadelphia, 100000 at
National Bank of Commerce, ST. Louis, $780,
Merchants National. Philadelphia. 500, at
Sational City New York, n. Y. 100000 at
Sational Hank of Rochester, N. Y, $780, 900 at
National Bank of jacksonville, Fla, 100000
National Bank of Commerce, st. Louis $780,
Y National Copper Bank, New York, n. " $780,
N National City, New York, " Y, 100000 at
franklin National, Philadelphia, 100000 at
American Exchange National New York N. Y,
slO0 900 at 1O2. .157. 500. 900 at 1o21 IA ooo
Mechanics National, New York, N. Y, $1,oOo,-
"A American Exchange National, New York, N. Y,
First National, kansas City, No.. s1s2.5oo at
1o2. 1875. .,oo ooo ..
| Second National, Boston, MISS, $foVVoV a.
National City New York, n. Y, $4,000 at
1O2. .125.
Awards to National Banks.
The fact that every award Is to ma
tional bank has not escaped attention.
When the 3 per cent certificates and the
| bonds were heralded to the world as PAN
| aceas for the financial stringency 1t was
stated that they were to be regarded as
| popular loans. OF the $15000,0OO per
| cent certificates issued every dollar went
! Panamas now sold by the government
| not a dollars worth goes to a private in
| dividual or firm or corporation
The statement Of the Treasury is that
the policy of the department has been to
| use the certificates and bonds to increase
| the circulation of banks, but as large
sums of the Panama bonds have been
awarded to banks that have practically
| all the circulation allowed by law. 1t is
pointed out that these banks undoubtedly
| intend to use them for sale on the open
market. One large New York bank gets
| 81 300. 600 of the total 1t is also said to
| have bought heavily of the per cent GER
tifcates A large Philadelphia bank Sc
cures something like 81 800 900, while ST.
Louis institution gets between S2,OOO,OO0
| and $3,000,000.
Senate Inquiry Expected.
AS the general average price of the
| bonds awarded the banks is about 103,
below the market price for 2 per cent
bonds, there is expected to be inquiry by
| the Senate as to what became of the al
| legged. large number of individual bidders,
| and especially of the bids of those that
were far above the prices awarded to
banks. For instance. the National City
Bank of New York. which has secured
between $1,000 600 and $3,OOO.OcO of bonds.
| has paid an average of about 1921 for its
| total while it is claimed that individuals
and institutions bid millions of dollars
above those figures.
| The opening of the bids was kept
profound secret, the first time this has
! been done in many years. Just how many
| bids there We're, whom they were from and
| many other details have not been made
| public. The only information about the
| whole sale has come in official bulletins
| from the Treasury, followed by the an
nouncement yesterday that something like
| 400 or 500 national banks have been
| awarded all the bonds that will be put
out at this time.
| The Riggs National Bank of Washing
| ton was the only local bank to secure
bonds. 1t was awarded 100000 at a good