Show GOVERNMENT GETS fiETS PREMIUM ON BONDS Will Realize on Sale of Worth MONEY FOR USE ON CANAL Will Draw Two Per ler Cent Interest In lu- terest teiei toni and May a be he Redeemed In iii Ten len Years Washington Jul July 20 Bids for 30 worth of or Panama canal bonds were o opened at the Treasury department dopart- dopart depart depart- moot mont today and while no award haa has yet ot been beell made the will realize on un the sale or a n premium of or 5 p of the sale ohe olt 1 ov but bul time the c annoti h be he determined until tomorrow an UH till nil the bids have not been ed cd The Tho hl highest price bid was vas lI by II H 1 A A. who sho offered to buy buya a dollar twenty bond lot for 25 5 Time The hl highest bidder for tOl or a largo large amount of or bonds was as Frank L L. L Kuhn Kulin who offered of of- bred 10 I ft for fot 1 worth o of bonds bunds Fiske on o of New Ness NewYork York bid an average of for Cor the he entire sale salo of or The They will willbe willbe willbe be awarded about 1 of or the time bonds No bonds will be sold Bold at le less lebs I Ithan than CI Secretary Shaw Pleaded of Shaw is Secretary Secreta I tho the Treasury TIC SUlT delighted at the high price bid Corthe for Cor forthe forthe the bonds an and is happy happ over the fact tact that his liis pre prediction that the tile bonds would woul sell ell for 01 i 10 has Imas been fill Hied The fhe bidding on the lIlt bonds bond was brisk There Thero were ele two thousand envelopes en en- elopes with bl bids s submitted an and some of oC these envelopes contained a dozen bida In order to 10 make It cl clear ar that th the tho opening of the bids was conducted honestly Secretary Shaw Assistant Secretary Keep and a n number of ot other othel of ur the department with several sex sev cv- cv eral elal newspaper correspondents ml ts were locked in him a large lare room with a about out twenty t clerks and the bids were opened In their presence No one was allowed c to enter cuter or 01 leave the room after artel the opening of the lie bids was sas started an and telephonic communication tion iou was as severed se A lunch was as served Secretary Shaw acting as host I Bills I ii Is ft era A ge e H Na Nearly S 1 I I. I More than hiatt half of time the sale was bid for 01 at above the time exact amount being 16 10 and 1 was bid for or at nt between 75 and No awards ha have yet cl been made and lie tho irresponsible bids and antI mistakes es In iii tIme the computations none of the bonds will be sold at less than although time thu figures tonight show sho that more than have havo been cen bid biti at 75 These bonds arc are 2 per cent redeemable In gold at nt the lie pleasure o of the government gO ut at the tho end of ten years ears an and ate aie e pa payable parable able at the end of thirty years They will be delivered delivered de de- Ic- Ic livered August 1 1 and amI tho tIme secretary Of the treasury will ihl require the time purchasers ers elS to pay for or them some time line during the fall lie He has decided to onto create a number of new depositories and will immediately deposit about OOOO- OOOO ouo This will help tu tv maintain the tIme price of oC the bonds when they thoy are arc placed on the market One Did Bill of J. J M. M r. r Lindsay who gave his address as the St. St t. t Charles hotel New e Orleans Oi aus submitted a bid ld of for the time entire tale sale o of but as us it was wa a conditional bid it will wili bo be rejected by Secretary Shaw Shuw Lind Lindsay ay who Imo Is unknown unknown unknown un un- un- un known to the time treasury stated In iii his bid that he lie could not nol pay for fOI forthe forthe the bonds In greater greatel amounts than a month and asked ed for three months month In iii which to pa pay the entire entire en en- I tire amount lIe He stated slated that he desired i to use uso In the time of ot a number of new national banks Ills His scheme is regarded as us visionary by y the tIme department |