The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-08-16
SlIERMAN'S NEW SYNDICATE.
THE STIR MADE IN FINiNCTfL CIRCLES
BY the SJN's EXPOSURE
Morton. Biiss a. Co.'s Friends Endeavorin to
Oi-credit the Revelations Some of the Ag-
erieved National BANKERS sim Reticcnt.

The first question which business men
asked each other yesterday morning was;
Have you read THE SUS yet ?" On the street
and In the banking houses the INSIDE history Of
John Shcrman's new syndicate WIS the main
topic Of conversation. Morton Bliss & Co. were
severely rcnsured. and Sherman was criticised
as severely for upholding them in what many
people did not hesitate to call shabby trick
On the other hand. friends of the firm affected
to pooh-pooh the whole matter. Some went so
far a. 90 construct II theory; members Of the
old syndlcntc. who had had differences with
Morton. Bliss Co.. were trying to get even
with them. and with Sherman. bycmharrassing
tn" financial operations Of the Government;
that was all thoro WIS to it.
A. a muticr Of fact the eminent gentlemen
who think they have cause 10 feel aggricved at
tn behavior Of Morton. Bliss K CO. have. thus
far, been patterns of rctccncc when uucs-
toned. they positively refused to give amy par
ticulurs whatever about the case. They said II
was a private matter. and that although they
had boon badly treated thpv would prefnr 10
say nothing about 1t until certain steps which
th.y had thought uf taking had been fully dr-
cidrl 9pon. Thos. ,gcntlcmcn are we'll known
~ IN" ilnhn 'inl world for their strict integrity
their earnest patriotism. and the sulidity of the
lh-ltution- which they represent. ANY report.
Government credit II simply absurd.
\ leading banker said yesterday: know Of
Nus matter all along. aud am glad the expo
sur. has been made. II IL certainly a very dis
crcdiiahlr showing for Morton Bliss 4 CO.. and.
indirectly; Tor sherman How Morton. Bliss 4
-" fuuli nave dared to DO su'h a thing is more
lhun ! can undersiand. The Unitcd States
Trust C.mpanv. Merchants, American En-
Co.. Bank Of New York. and the other CORPORA.
tion- and firms thus shahhily treated. nrr If The
i-h'rt r"spgnsihili lity-qutm above suspicion.
Kuhn. Loeb x Co.. and all the heads Of these
..oncrrns are thc soul Of honor, and have proved
themselves patriotic 10 the core Their aid
Would nav" been inNaluahl" to the Government
IN the present STATE of affairs. The fact is ns
Tnr SvN says. there was a jealousy against the
national banks IN certain quart T.. and per
nays tn" same mysterious influence brought to
,N'ar asHIrsi 4ld Mr. Thompson and the First
National Bank in the first syndira ate may have
operated against th. se gentlemen in the second
rreariod as-wol shgcwi hut he ha- oyrrlone
ih" ming this time. | happen to know that the
cas , ol the~" banks against Morton. Bliss A Co.
you'd hay" h'"n submitted e. arbitration. If
Morton. Bliss Go. had not REJECTED 'hc propo-
Sti"h. Ih" o, 1922 % why they req" ted H. any
- acquainted With the facts can easily guess.
The rasr was sure 10 he decided against them
tn three hundred millions of fournnd a hnlf
j. r"ns. IL s ridiculous g. suppn~" that. il they
hud known ih"ir rights w'ic To- ha ~ llnrd away
after fNn mum lr'd millions had hetn subscribed
Tor. th,y ol.ii not have insisted On their share
in th,. four prr c.ni- They lof Mort, II. Bliss 4
&C.. IN; through their generosity Morton. Bliss
Go. w"r" pln'"'l whrr" they could tax" an adj
,nnils", ami thy took it, What lhc koths ,hild.
know TUE Sl'N l. right about THEN controlling
IN Syn'! 'ni's and hu- the s:ory all straight.
thr IrraSnryi was treated still worse. Go and
hay" talk with him. He will pan out pretty
wcll"n NE true lnwnrdneSs q the matter |
don believe. ior my part, that the pending suit
Will bc brought To- trial. these solid concerns
den need any vindication.'
IN" banks and bankers who w"rr frozen out
oi III" NV syi ii'at. adhered t. their policy II
S.i.'..'. yssgrity. In scl raj casts however. It
wS WV ar5 W.. nm2TfeiAcd 81 f H. that THE sur had in some