Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1888-02-24
JAY GUULUS REAL OBJECT
AN EYE 10 BUsINLss WHILE ON
PLEASURE BENT.
Revelation of u Mammoth and Magni0-
cent Scheme to Hold the Entire Prod
ucts of the Earth In Trust-It Roads
Like tho Widest Romance.



LONDON, Feb. 1S.-lt is well known that
the wealth of the Rothschilds is back OF
the copper trust, but it has not been gener-
any known that this powerful financial FAM
" was engaged in any operation of this sort.
1t now appears, however, from some investi-
cations made by London journalist, that
they have been going into the trust business
pretty extensively of late. In fact IT is said
that the house has practically begun TO go
out of the business Of lending credit to gov
ernments i'll straitened circumstances, and
intend to pursue n more lucrative line of bus
mess, leaving banking to the houses like
the Bleichroders and Hirschs 1t is asserted
that one of the objects of Jay Goulds visit TO
Europe was to talk over matters with Baron
Rothschild and enter into sort of pool
ing agreement for Joint control of Ameri-
can and European markets for GER
tain products. 1t seems that these
money kings and their associates in the
United States and here have come to the con
clusion that the great field for capital here
after will he in the line OF consolidation with
view 10 economy of production aud en-
hAncement of prices, The scheme is alleged
to be to form trusts in connection with all the
articles that are produced directly from the
earth, especially minerals and oil This
ease of acquiring control of the supply In
such cases by buying up or trusting the
lands which are the source Of supply. One of
the first of these combinations to I've formed,
it is said, will be tbs diamond trust The
limited number of fields producing dia-
monds makes the scheme nearly as easy Of
manipulation as the copper trust. Diamond
producers have for some time past been com
planning of falling of in prices of the prec-
ious gems owing to unchecked competition.
The diamond trust will bring hack the good
old days when diamonds were 'worth some
thing" and fancy prices will again he the
rule The smaller producers are to bi
guaranteed sufficient share Of the profits
to keep them contented. II is also
said that gold and silver trusts are well under
way. 1t is asserted that it is in this particular
direction that the fine Italian hand of Mr..
Gould is at work. The story is that he poured
into the willing ears OF the Rothschilds and
their satellites a tale of how coin values car
he enhanced by the limitation Of production
greatly to the advantage Of holders of secu
rites with an expressed or implied gold claus
in them-for instance, United States bonds
of which Jay is said to own few. Thes
schemes sound very big, and at first sight II
seems that the amount OF capital required u
carry them out must he almost incalculable
But this is an error. The main requirement il
not so much capital as it Il mutual agreement
If the great capitalists stand ready to guaran
tee against loss in case the mineral land owner
will consent to make the experiment Of short
ening production, it is said that this will b
Vie only point of the game where capital vii
actually be called into play. The dear publ
will furnish all the actual working capital re
| - 70 f1rt t1