The daily gazette., 1881-06-10
From the Baiti more Sun.
The syndfcate for Robbfng inyss,
4.,. tors.
WALL srnERr cohNrFrs.

The Syndicate for RObbfnG lnvss,
tors.
WALL STREET COMMENTS.
There was publishedA in the Sen
yesterday staieneptin the Associa,
tod Press, -. to, the organization, and
| operations Of syndicate established
in this country and extending It's op-
erations into Europe for the purpose
Of deliberately mis-Fep p.esenting the
%sroe Oonr,s,Dn snd anS 2 q tsfds ssn sp2
country, and thereby In eucing ppaple
to par. with good props, ty or purcaa
wol thlass property at the various 81 ock
exchanges OF the Ncountiy. 7 Tbe New
York World publ shes the foliowir Q
| Wall street counmen-s on the cOns
spiracy IN question: As4 4 u etgd{
"There 10 no doubt Whatever, !" said
. prominent broker, S'that despor
ately determined conspiracy Of bears,
with Z carefully organized bureau 81
newspapers and writer's In this CITY
and agents N Chicago and abroad. ali
Instructed 70 stop al nothing That wfli
help TO the end in view, has Been ii
operation to force securities down
slnce early in April, and that, having
20 far been checkmatcd BY the pros
perity Of the country, It fs now ready
to resoit TO extreme tricks. The frst
manifestation of its work was In he
shape Of falte reports p IA the Drop
prospects. These were promptly set
at r IT. Tbaq came stories of wars, In
railEoad freiult among others re.
port sent by telegraph from Chicago
all over the country, at an expense Of
W., 200, 1t 10 said,a that the Wabash
system and the Vapderbilt roads wore
cutling rat ss desperately. This schsms
ives broken up by authoritative de-
nials. Then, only Tuesday, Mr.. Gould
bad b. On shot. It was supprsssed BY
the Assooiat ID Press. Ia Wednesdav
money was suddenly bid up from "a
and 8 FER cent. to A, and even 8, clos
Ing at 4, thus causing slight tempo.
rary decline 10 stocks.t II i7ss ilse ~
The scheme Of the clique proceeds on
The theory that the pubic 10 extrs .iisi-
tive, becar'e Of the hanSsome pri~AS 10
which stocks have STAINED, aod that apy
sudden shock may caaso d great fall.
Their effo.. is 10 create the shock.
whether realiOr aaiiicial, by faIpsnesue
or for', and their object 10 puachsse st
low prices The properly thus deprs sed.
The machinery for spread az thsir In
ventions 10 quit "'wplete. Tfree pape,s
In New York city, one publishsd m The
morning. one In the atternoOu and
another o Wall street publication, are
fnlly controlled by then,1 AID the eHan.
cial writer's Of tw0.mgrning journals are
infiuanced by them. a Ohicseo pabSr Il
fally ene1ged In the schemS, and the
cable and mails are used extrays gsntlv
to food the Londoh and Continental ex.
changes with the. false q. ,,.ies. 1t b. be- en-
noticeable tor some time That whenever
one Of the papers ] have referred, !,
publishes one Of the poIn,s or invention
Of the conspiracy ali The other copy ii.
and by closely ob-e. .ng I have Lrsh
able to fv the oder In which they are
supplied, and can tell 4 day where to
look tomorrow. But, after an, Ia the
face Of the prost srfty Of the CONT, the
stability OF freight rates, the large earn
ings OF the roads backed by their resc. ye
funds, the clique win have to invent
something similf TO an earthquake 10
do much harm. f' ''i ~ 2 W
could give tho names OF the papers
and the yriterss but perhaps dg Weuld bo
better TO let,them 60 on . lttle Ionger.
Some investor pluhdered by them may
think 1t worth while TO bring Them into
conrts They have done notbine 30 far,
~ the fgu:se now give, show. - Their
organ IN Wall street on APRIL 10, sabont
which time the bHreau ws1 started.
pubiished q prediction to the prices 70
prevail within sixvy days, placing Lake
Shore % 800, when 1t is now S13z: New
York Central at $3.50, now 1A];4 Oanadl-
an Southern at $50, new s78; Michigan
Central at $50, now Sill; .Lackawana,
at$1C0. nov S1G1; Union Pacific at s1C0t|
now $12S; 81. Paul at $50, now Sl28;
Northwest at Sl00, now $3.50, and Denver
and Rio Grande ut S85 now s1l2. 4Thess
are all the stocks that were ntiOnsd,
but 1t WIS predicted that all othei ,stoeksi
wonld suffer . like decline. Not one has
declined, notwithstanding the .efforta 4
have mentioned, and others too absurd
to recall. The only stock of which o
word IL said BY the buresu, curiously
enough, is mining stock owned by an
Aof,ve operator from California; 4 + Il