The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-06
THE TREASURY RING.
History and Extent Of Its Financial Opera
tions with the Peoples Monsy-Its
Profits, Direct and Indirect
The Syndicate Thirteenth Manipulation Of .
Portion Of the National Debt-Paying
Interest Abroad-The Emma Nine.


Englanders' festival In New York that when the
people became thoroughly aroused they made short
work OF any great system OF fraud that might be
found in their path. and cted the fate OF the Tam
many Ring as an illustration. rEM
It is now nearly ten years since the Treasury
Ring-a clique OF bankers brokers, politicians and
speculators-was organized to stand between, the
nation and It's creditors, between the taxpayers
ana bondnolders, to prey upon both. IgE
EXTENT OF THE RINGS OPERATIONS.
Though the Treasury Ring rarely uses o dollar Of
It's own money Its financial operations count mp
among the thousands Of millions. The contents Of
our National Treasury Is ever at It's command, and
at times 1t controls and manipulates for its own
benefit the entire bonded debt OF the nation. Able
at any time TO secretly lock up or unlock one or
more hundred million dollars OF the peoples money,
1t controls the value of the merchants wares and
the products Of our manufacturers, farmers, me-.
chanics and day laDorers throughout the length
and breadth OF the land Having the power to
manipulate our national debt by Withdrawing bonds
from the market and secretly or openly putnng
them anoat again. always at governments expense.
The Ring has our money market almost, NOT.
wholly, III Its control. Counting
MR.. BOUTwELL'S SYNDICATE
operation, large portion OF our national debt has
been manipulated into and out OF the market not
less than thirteen times during the last ten years.
ANY one at all familiar with the Rings operations
can trace these astounding financial jobs for him.
SELF Take portion OF the $780, 900, 900 OF the new
I'VE per cents recently put upon the market for
example This Is the way 1t was manipulated
First-It was put into the market ten years ago
by the Treasury Department IN the form or Treasury
warrants certificates OF Indebtedness, quarter
masters vouchers, &c.
SecOyd-Next WITHDRAWN or purchased In by R1ng
brokers at u heavy discount.
Tn0d-It then appeared in the market in the
form Of greenbacks.
FOurth-GreenDacks drawn out by secret sale
Treasury Ring commission DroKerst. LOO
FUUt-Thc seven-thlrty Treasury note makes It's
Strh--The seven-thlrty note is Withdrawn BY
Secenth-Finds the honest greenback again in Its
sighth-The GreenbacK Is again withdrawn by
Nlmti-sbows the fve-twenty bonds to have taken
Tenth-The fve.twenties. or small portion OF
them, disappear Syndcatewards.
Elecenth-The long lost gold coin appears again.
TtoeJrh-Gold coin disappears, what little there
Thirieentn-Arter sojourn Of ninety days in the
Syndicate the new I'VE per cents make their appear
ance In the market
portion OF the lve per cents were exchanged
directly for fvetwenties. thus reducing slightly the
number OF manipulalons OF the portion directly
converted; the balance was managed % above
stated-maklng thirteen manlpulauons IN ali.
EVERY BUSINESS MAN-Ar THE MERCY OF THE RING.
IL IS through these and Kindred manlpulattOnS
that the Treasury Ring and ITS satellites are enabled
to ENJOY advantages over every honest business man
Is merchant contemplating large Importation
He constantly III DOUBT about the price OF gold,
while, on tue other nand the creatures OF the Treas
ury Ring know to fraction OF a cent where they
Will DIX the price OF coin at any given time.
Does q manufacturer contemplate the enlarge
ment OF Ills establishments lie is III doubt whether
the Ring III Its manipulati0ns Will contract or ex.
crease The cost OF his raw maternal or manufactured
products. And 50 1t Is with every honest business
enterprise. The ring mas power every where Some.
tlnies II exercises IL and sometimes n0t-au Is I'M.
certainty.
THE RINGS PROFITS
Besides the enormous profits arising from the
manipulation oil government money and 0OndS, the
Ring receives millions upon millions or dollars di.
recuy from the government IN the shape OF commits
slons The purchase aud sale OF coins or bonds,
and Tor the conversion OF one form OF security into
another On government account.
During the rebellion and up 10 1865 the govern
ment paid the King something over S33,000 per an
mum commissions Oh the sale OF government gold;
the total commission ON The sale OF gold alone In
seven years being $23l, 600. Thousands OF mer-
chants and business men were eager to purchase all
the coin the government had to SELL ana the Secre-
tary OF the Treasury might have sold 1t direct and
saved The commission. Commissions amounting In
the aggregate 10 $780, 0l3 l5 were paid Tor the con-
version or sundry greenbacks and other n0n.1nter-
est bearing government securities into the first Issue
OF ivetwenties IN 1868; $49O,36S IL commission
was paid for the conversion OF sundry securities
into certain tenforty bonds OF 1904; $lSl,25 81
commissions were paid ior the conversion OF sundry
seventhirty notes and other securities into the i've
twentes Of March, 1865. il
Commissions amounting In the aggregate TO
g. $685. o45 40 were paid the conversion OF sunry
securities into the seventhirties OF 1854 and 1886.
About four million dollars has been expended In
the shape OF COMMISSIONS, Bonuses, expenses OF
explaining the new five per cents, &C., during the
past summer.
Official sources IL includes but portion OF the
commissions really paid. The total amount will
sDoSs twenty i've Mon Collars ali or wnca Is
the Indirect profits of the Treasury Ring, arising
from Its manipulations and power to control the
money and Otner. markets. are incomparably
greater, mounting up among the hundreds OF mil
lions, all taken directly indirectly from the tax
payers, and divided among the members Of the
Treasury Ring and Its horde Of satellites.
The portion OF our new loan that was disposed Of
by the syndicate abroad not taken by investors
by SPECTATORS VINO acted under the belief that
asserted by foreign ring ciaquears that the old
skies would be paid OIL by drawings and hence It
was thought that the holders would rush into the
Europe exerted themselves 10 their utmost to keep
up the idea, nut the Aye per cent scrip
The spectators were badly nipped. Next came
THE EMMA NINE,
Manipulated mainly by henderson, the same Ring.
The property said To have been sold In New YORK
q few months since Tor 81 100000 lancy price. In
Subscribed o the capital being placed al e.
The mine may be worth e. 900, 0OO and It may not
be worth that much; at any rate 1t ID not by any
means the KIND or security TO have mixed up In
foreign markets with our new i've per cent
United States bonds. Under secretary Bout
wells mlsnauagemcnt We must however, expect
OIL sorts OF arrangements.
PAYING INTEREST ABROAD.
Secretary B0utwers pet scheme for the payment
OF interest In Europe Is an effort to "kl Two dies
with one strike" 1t Is an attempt to "bull, the new
i've per cents and give the foreign branch Of the
Treasury King permanent JOB.
Ii has cost The government S4,OOo,OO0 10 convert
5000 600 OF the nvetwenties into nveS In cOmmis
slOns bonuses expenses OF explaining, advertising,
&C. nearly oil OF which Is clear direct profit 70 the
Treasury Ring TO this s. O00 000 direct pront must
be added the indirect profits arising from purchases
OF old bonds at discount for conversion. inc tns
terest on unaduseu balances and other gains OF TUG
manipulation, $600J,0O more making Luiy
So OOO 900, the very lowest estimate OF tne plons
OF the Treasury Ring on syndicate transacton u
the present year. ,... an M, ooo an +
the little syndicate transaction OF ast suinmeI nVw
much can il realize on the annual disbursements OF
ahont SDO 600 600 interest IN Eur0pef