The New Loan
Wasiungton, July 28. - The negotiations for the balance of the five per cent. funded loan were concluded by the Secretary of the Treasury to-day, -with August Belmont & Co., on behalf of A. M. Bothschild & Sons, of London, and J. & W. Seligman & Co., on behalf of themStÃlves and their associates. These partie9 made au absolute subscription for $55,000,000, coupled with the option of taking the remainder of the loan at any time within six months. The loan is taken at par, to be paid for in cash or 5-20 bondn. The parties are to receive onequarter of one per cent. commission, and are to defray all the expenses of the transaction, including the delivery of the bonds. No doubt exists at the Treasury Department of the abillity of thest bankers to place the entire loan.
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Old News
Michigan Argus