, 1869-01-28
FIWE FIMANCIERIWG.
W0nsnutstt7ns Of the National D-bt-
PFoti'nblc 1ptFat1ous ofthe Treasury
RtEg BrozerB.

Probable Up.Fat1oua of the xft4surv
1si1g BROKERS.
Washington {Jau- u, Core spoadcuec Of the New
York iera>d.
The most important bill OF the present !es-
sion was quietly introduced on Thursday last
By Senator Conkliny. 1t is eutl,led :. Isiii
TO prohibit secret saies Of bonds and gold On
account Of the Erited States" ana is as tol-
lows:
."sEcEloS !. B. il eno:'td oy Mt Saxt and
Hsust OF Eeprtttnfa:ir,s ar n. Eai.<d S.x;4S Or
.tn:Tt;a. ~ tn tyN2r<ss assembled, rh,. from ADD
stsr me pass.se ot this ae. 10 p=rceassEe dsduc-
or klna shsll b. ao *sd IL arr ptrsun for the
sale. rsSttta,'on rr exchange Of anv bonds or se-
eutloa disposed OF =: Ike Treasury Department.
o. eltewtcsa On .ctcncs Of the Cn:tcc Ststes:
m1rttnr. By Construction Or otherwise. tho sscrc-
tsIs o. The t. asusy 10 opFo,nt any ascns. other
thar -on.s n,: r5oter oolees of big deparmsnt 10
eu1,stes. arc hcsebv repealed.
SEC :: anl Dc /, .fnrihtr t.act<i, That, after
or .ate- Of tie bind. or The Ua,ted STATES shali
be mate oy Inviting the c1npc:lttuu of the pab-
Isrue 81 Whcu shs sass
Gu ppbltc1! 10 the bcst bidder u7 ptadcrs Inc Sec
ts!.F u ,nes 1es n
| interest 10 dn 80.
-src: 5. -ina esttfurth<r enacted. That. from
on areoun' Il tnc Lnistd :ta:ee shall H. u.adc a
puo' auction BY pEof~r oracer os the Treasury
a. sn u isce sucs' sale stuii ps made by advertising
TLIs btll was introduced at III. solicitation
| Of ncsrly 1,Ms0 al the very dist bu.Iur:s men
| md ifrmR in the Unite 3tMtcs, whn. In e ne
titlon, hayc asked. In .uhetancc, that tno
Treasury ring shall no longer hare t33,too, ,Oo0,-
~ ot Eostrumcnt bonds with which to
"buil" At "benr" the entire Industrial iu-
SINE ,ir. Hugh Mccul1och has been sccrc-
tary e the Treasury little coscrtc Uf his
! friends have ictn constantly engaged III So
| crc'1, manipulating our nntlunal delft 10 mako
| Interest.
rlia present tended debt Of the Unltcd
| Ssa'e* haA ffrii put In untl wisldra .u from
| ttc market moi less titan three tisn"s. making
a tn.al manipulation oi no. less than sl;,ooo,-
| sAN ON siuce lAB1-trost OF 1t tiurc lsl;l,
=. lhe tnllowinY fuels. compiled from Mr..
atct'ullrch's OWN official ronicssiors, wrunr
from him by t1ia inlltrrn'isr cpu,t,,al,I, Of
| CobkrcEs. shows, to rome eulall extent, how
| Tie lreas1,ty ring gamblers hive tsllcd With
The lhirre. ts ut u grrnt nntf3n
Currency rosiited ~ government
etntH''..!Jn brokers 'iren lh1l.
ata pses.ous to Art,l ~ 'te4..... sar,.75:.1t9
Afn,'uis If resnr .thtrty bout.. set
e cnnprrrr. July, t~hl. plac ID N
ths s! m.tsss !h.eush ts'tr'.'alo .,,.
r.; ::!! !: F,s..sss i ,s,:1sGM sisG
E"rgrsss. Falsuars, NIL. cot ytrt.
ca fro!u ether form. oI rocHtt!trn,
!niousa sacsvi:,ale eommiss.on ....
s!:::; i; ;s.:s;; S:;;;;:; s ss! Il! s,t
Amount .! tent'rt, e,nas. nr' Of
I'd rum o'tce forms aIt p!rc.d
npon INC nsrkot through suc:c,- -......
=, s'!s conml.atsn troken. .,.....:.. a1.aoa.sm
Do. Converted And sod d1srtthy
| TfeasHsy utraEtment............. T9,iD7,4t1
| Amnunt ofase-twcv " bouds, act OF
| June, 1874 converted from othcs
forms sut plsced upon tho market
Ralec nm u.ttston h'okcrf,... ....- % a33 NN
| DE-. direct BY Treasury department slatlQ;V
AEannt Of scvon Thirty tonds, act
Of JnEe 81. 1854, and March y.
1sss. pl Actd upon the ma.ket by
gov 1ument., through secret.saic
| com mmtRafon hroktrs, mostly coz .....
sss; s;ss:
| Am, urt 0! above mentioned eeyen-
teeonyertcd-partJ BY sale. and
n,is.icn hrakers-ipto fve-twen.y ....-
boEds OF March $, 1s4IJ. ............ 95s 1880
Manipulation. thu. .ar.....:;...:,:- f1w'a, -
This statement. from the highest official
1souEces. tells but half the story. The total
manipuation5 hare not, AZ have already
| stated. cen less thzn 5000, ,0Oo, 900. Take
for example the $o5s 35a2 900, nos iu the
market in fern Of 5 80 bends, Of ect Of Con.
gress: Narch ), 1sd5. It will scarcely be be-
| liescd, but it IS nevertheless true, that this
! etupendous sum. or large portions Of It, has
| been manipulated over not less than nine
times By the Treasury Department and
| Treasury ring secret, sulc brokers.
]. It was put into the market BY the Treas.
| ury Department, in firm of Treasury war
rants, certificates Of Indebtedness, vouchers,
etc.
.. Next withdrawn or purchased in by
5. Manipulation when the .lt,lc joker
makes Its appearance in the market in the
form Of grccnbacks.
i. Grecnbacks drnwn out by secret-sale
Treasury ling commission brokers.
s. 1he seven-thiEty note or bond Gake6
its appearance.
.. The sever-tlirty is then purchased out
| Of the market by secrct-sale Treasury ring
:. Finds the familiar greenback again in
the market.
$. Shows the greenback to have been again
withdrawn By sccret~sale commission bro
kers.
: Q. Shows the fiyc-twcnty bonds OF March :,
1s65, 10 have taken Its p1ncc.
Each aud every one Of these mantpu1ations
brings to ring brokers good profit or COM
| Observation-Disclosures bath. The greater the
, ductua!ion In the market the larger his
profit and the greater the loss to the people
at large.
Within the rast few days the money mar
} ket Of all our cities has been disturbed BY
was secretly placing large amount Of bonds
5 The ,G1o business mcu who have sfgued
! the above mentioned petition to Congress do
. | not appear particularly enyious OF the ring
J brokers', enormous profits, but they do insist
: that the Secretary OF the Treasury Shall have
: no longer power to make secret arrange
; ments TO raise or deprrss The business inter-
{ est Of the country. They iasist that If the
, government interest requires sl0.po.uO5
bonds to be put in the market, and su1il,r
amount OF currency Withdrawn, the transac-
t'on shall be made public. The secresy, tak-
: ing every business enterprise Of the country
at disadvantage, is the great wrong Of the
system. The passage Of Senator Conkiins's
, bill affords complete and sure remedy. IL
rests Mlth tie Senate EIpauce Eomuittre To