Middletown transcript., 1872-01-13
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sghs lesw YssA Herald ssssiess Ssess-
tasy passssn and bic Trvassry Ring Of
,aeonia. bsptssy, beoksss, asd spectators.
~ ~ssipsis,ias he P~blie debt, which u
ssys hs bssa aeas sse lss than thirteen
slssssis the lsss sea ycsrs. aud sseh time
~ their ows' psivsss bsssat. The Herald
sayss
.ses Il b nov nearly ven years since the
1ssssusy Ming "a clique Of bankers. bro
hsss. politicians. and speculasors-wss or
nsoiaed 10 stand between the nation aud its
srsdlssss. between the Taxpayers aud the
! lsad-hs)dsrs. " prey upon both.
Thoush the Treasury Ring rarely uses
dsllns VI iss own money. its 6nsncial op-
i ssesiens count up among the Thousands Of
i millions. Tho contents Of our National
Tssssasy 10 ever At ito command. and At
sinss u coutrols and mauipulates for its
hsseet the entire bonded debt OF the ma
tios. Able 1t any rate to secretly lock up
q unlock one or more hundred million
dollsss Of the peoples money, il controls
the value of merchants wares and the pro-
OUCte VI OuV mwUVtuCtOVCVss tobmCtes mC-
cbanics. aud day labcrers Throughout, the
length and breadth of the land. Having
tho power to manipulate our national deb,
By wishdrswing bonds from the markc,
secretly or openly putting them aaoai A.
gain, always at Government expense. the
Ring has our money market almost, II not
wholly. in its control.
Counting Mr.. Boutwells syndicate op-
Grafton, a large portion Of our national
debt has been manipulated into and ont 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
HIMSELF Take portion Of the 5000.
O0O. 900 new Ave per cents recently upon
she market, for example. This is the way
il vas manipulated:
1st. Il was put in the market ten years
ego by the Treasury Department in the
form Of Treasury warrants. certificates Of
indebtcdncss. qusrtermastcr's vouchers,
&c.
ID Next withdra~n or purchased in by
Ring brokers OF heavy discount.
81. II then appeared in the market 10
the form Of greenbacks.
4sh. Greenbacks drawn out BY secret
sale Of Treasury Ring commission brokers.
5sh. The seventhirty Treasury note
mckee hs appearance.
9th. The s~vea- thirty note 10 Withdrawn
Iby Ring brokers.
7sh. Finds the honest greenback again
i'm its place.
9Th. She grccnback is again Withdrawn
iby the Ring.
9sh. Shows the 6vs-t~enty bonds to
havs taken up position.
10th. The 6ve-twcnties, or a small Dor.
tion Of them, disappear Syndicatewards.
- 1lth. The long lost gold coin appear.
i. again.
l2sh. Gold coin disappears. what li.,l,
ihsss II Of il.
sas l3ti. After scjourn Of ninety days ia
che 6yndicate the new Eve per cents max,
lhelr appearance in the market.
A portion Of the ave per cents wers exchanged
directly for Rve tweniirs. thus reducing siighii,
the number OF mauipuiaiions Of the portion di
recsiy converted; ihcsbnlsncc was managed Al
above stated. making IL manipula,ons In all.
Il 10 through these aud kindred manipulaiion
t'isa the Treasury Ring and iis satellites ARE en-
a0lcd 70 enjoy advantages cver every hoaest Lu
siRess man In the Cniea.
u . merchant contemplating large imporsa
hloaf lie 10 constasiiy IN doubt about the pric
.of esad. wsiis. on the other hsnd, the creature
.of the Treasury Ring know 10 q fraction Of
.cest whore they viii az the price Of coin At an
= ;nivsa time.
nsot Of his estsilishn,ent? lie 10 10 doubt whethc
1be Ring ID iis manipulatioas will contract or ez
paad the currency; whether Il will reduce or In
csenee the ccSt of his raw mascrisi or msnufas
6 iessed producss. Asd % Il 10 with every homes
besssss easesprise. The Ring has power every
Besldes the enormous profits arising from ,h
.nnnlrsIas'on of Goyernmeni money asd bonds
81 Ahs 1ing seccivss asillious upon millions Of dol
slass alrsctiy from ilc Government In the shape
-rosasalesons On the purchase and sale Of coins O
i,onAs, and fov The cenversion OF one form OF 4
sephty Into another on Government Account
s Dasjng The rebellion and up to 1913 the Gov
seeensst Paid ths Ring something over t32 90
1. per auuuin commissions on the sale Of Govern
aleat GuId; the total conmisslou on the sale
oola elons 10 seven year. being s33l $50. Thor
: s0Dode u nsschasss aud busiueas men we're eags
i. y posshses al the coin the 0ovsrnment had
eelI, asd the Secretary Of the Treasury mief
have suld Il direct ssd saved the commissios
= sCsenNltneeus aHounsux In the aggregate TO 81
AeoS.ls we're lNId f6r the conversion Of su,
dey epefnbarks aud other aon-interess-bsarin
elstt3saent securities Is,o The 6rst issues Of av,
? etcoe1a 10 1858; @te0, Ses.l3 commissions vel
enla lbstAs csssessios u sundry sscuritiss inl
fsstnia tes-forty bonds u 1854; $l8l, 1896
! eu0miepi0as weFs paid for the coaversiou Of =;
!. eee0 aad ether securities inis the s3os Of Marcl
i Csmnlssisss asossting In the aeerssats
41,eoo, ,e$s.<S vess eaid % ths ceasesslon
ooo4gy eEnsities lnto shs 7.30s Of 1884 and se6
AeeI ltds mlflSoa dollars have bees expesds
~ ~ Geomps = e'esu0lss,ssD, hssuses sxpess
: Waephsasno sss sew evs ~ eeats duriag d
.t
- ~ 81 Issswslrs pes srhame for the "a
- e1Go19 JoeessDt h kassPs b - elBoss to ~
e4o4n ut1b - ssseks." u b - aAiHsnPl
- 1922 oease ~ - cents ssj givs ~ b
! ~ Asseeh = - Tssssny Mag Peraase
1 4 - - ~ 0overnnsas e4,ose, ~ 10 20
- ~ -, ~ " tls oys-ewsatiss tato 1vss,
.<s5S - ooooouot e4pseoW Ct expeaiDie
.s n9 ~. esaslS ~ ~ vhlea b cleas.