The New York herald., 1869-01-25

..su,. - 49,. tho entire Industrial interest Q
the nation. -
sinoe Mr. Hugh McCuns ar he o.,e,as ..'ay ss.'a ~
the Treasury little c0terle s..s,s..,ns s'o "eo'
constantly engaged tn secrstb zee or n,snsv oa y
national debt TO make money Sea-.
The present bonded debt or the Unl. statss na ma
been put In and whdrawR from the ,, .,stior
Of not less than &c. 900 since lsSlmose ~
since 1854.
loch's own official confessions. wrung from him 6y
the imperative command OF Congress, shows. 70
so%s small extent . how sns Treasury ring
Currency realized BY government from secret .s,es
Of gold through commission brokers since 1901, -, 90
A%oan! s..snny bonds. sc, Of Congress
sIiy iS placed IN the market through secret a. 0s o.7
nSosas nS sSs sy Trsa.uy DsPs,s%sn. aas7os
!sm,y rssrasry 1882 converted from other forms q
!: s:: j; Ts::s S!s::s$:. s
e Ssssr .s ss
Do oonvsrssd and sold dirscsS treasury Dsp.
oi aysswsay bonds, 40. Of jans. iisi ''"
d: s'::s: S:.:; .:e::
Sd d ssrsS & &O01S. .G q g. June 80
d %
Amount q above mentioned seven-thirty bonds
and other securities, reconverted-partly by
mission broters-in.o nvsstwsnty bonds OF 'V aci
oi MArcn o, 1000 sos3szWo
Asnipulaons thus far 49, O62 46os7s
This statement from the highest official sources,
tells but half the story. The total manipulati0ns
$60O0 600 900. Take for example the $685., ,342 o00
now In the market in form OF fye-twenty bonds, OF
believed, but It is nevertheless true that this stu.
pendous sum, or large portions OF IT. has been mani
sna
brokers.
/. It was put into the market by the Treasury De-
partment Ia form Of Treasury warrants certificates
OF Indebtedness, vouchers. &c.
8. Next withdrawn or purchased In by ring
B. Manipulation when the little Joker makes its ap-
pearance IN the market In the form Of greenbacks.
=. Greenbacks drawn out by secret sale Treasury
s. The seven-thirty note or bond makes its appear
O. The seven-tlirty is then purchased out Of the
market by secret sale Treasury ring brokers.
Z FINDS the familiar greenback again In the mar
g. Shows the greenback to have been again with
drawn by secret sale commission brokers'
SHOWS the aye.twenty-bonds OF March 8, 1855, TO
Each and every one OF these manipulations brings
bo re hs 5 Se
market the larger his profit and the greater the loss
within the past few days the money market of all
our cities has been disturbed by the report that the
Treasury Department was secretly placing large
amount OF bonds In the market.
The one thousand business men who have signed
the above mentioned petition to Congress do not ap
pear particularly envi0us OF the ring brokers' enor
nous profits but they do insist that the Secre-
tary OF the Treasury shall have no longer
or depress the business interest OF the country.
They insist that the government interest requires
SIC, 100000 bonds to be put in the market and q
similar amount OF currency withdrawn the trans
action shall be made public.
- This secrecy, taking every business enterprise Of
the country at q disadvantage, is the great wrong
OF the system. The passage OF Senator Conkling's
bill affords q complete and sure remedy. 1t rests
with the Senate Finance Committee to say whether
we shall have 1t or not. This committee is at pre-
OF Ohio; E. D. Morgan, OF New York; George H.
Williams, Of Oregon; A. G. Catteil, OF New Jerseys ].
b. Henderson, OF Missouri; Justin s. Morrill, OF Ver-
mont and Willard Warner, OF Alabama