thing must be done to
stop the movement or it would run to such an extent as to
cause serious trouble in the money markets of the world.
Since Monday most strenuous efforts have been made to
discourage the taking of large subscriptions. To that end
the powerful financiers interested have begged all who
contemplated subscribing for over $1,000,000 to keep their
applications down to that figure, and their efforts met with
complete success.

Again, all those who were connected with the enterprise and
who had intended subscribing on the same basis as outsiders
for very large amounts, agreed that if the subscription ran
over $150,000,000 they would refrain from subscribing that
those who had subscribed would not become dissatisfied with
the smallness of their allotment. Still the rush continued.
From all financial centres of the world came the unbroken
chain of applications, until those most interested in the
success of the undertaking were appalled at the magnitude of
the interest aroused.

For the past forty-eight hours the National City Bank has
had employed, night and day, a corps of forty-odd extra
clerks calculating and arranging the applications and
checks. At exactly twelve o'clock noon four uniformed
watchmen closed the doors of the subscription department of
the City Bank in the face of over three hundred intending
subscribers, who were frantic at their vain efforts to get
in their subscriptions before the appointed hour arrived.

Up to eleven o'clock to-night the entire bank force, regular
and extra, have been at work, and at this hour the figures
were announced which make the subscription of the
Amalgamated Copper the greatest event in finance since the
world began.

After throwing out bids that were, on examination, proved to
be the efforts of speculators to take advantage of the great
interest to make money with no risk, and after throwing out
bids unaccompanied by checks, or checks that were not
satisfactory, the first class amounting to over
$170,000,000, and the last to over $62,000,000, the total
cash subscription was found to have reached the gigantic sum
of $412,000,000, which gave to each and every subscriber
eighteen per cent. of his subscription.

It is not known how much was represented in t