The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-02-21
a STARTLING NARRATIVE.
1t Contains Too Many at Is Saids" to
Carry Conviction with IL.

Carry Conviction with IL.
Gable Dispatch 10 the Brooklyn Eagle
LONDON, Feb. l8.-It IS well known that
the wealth of the Rothschilds is back of the
copper trust, but it has not been generally
known that this financial family was ell
| gagged in any other operation Of this sort.
1t now appears, however, from some inves-
! LEGATIONS made by a London journalist that
they have been going into the trust bust
| ness pretty extensively of late. In TACT
l 1t Is said that the house has practically
! begun 10 go out of the business Of lend
| ing credit to governments in straltened
! circumstances and intends To pursue more
| lucrative line of business, leaving banking
10 houses like the Bleichr)ders and Hirsches.
/ IL Is asserted that one Of the objects OF Jay
/ Gould's visit to Europe was TO talk over
! matters with Baron ROthschild and enter
/ INTO sort Of pooling agreement Tor Jolnt
/ control Of American and European markets
| for certain products. 1t seems that these
/ money kings and their associates in the
| United States and here have come TO the
conclusion that the great field for capital
| hereafter will lie in the line Of consollda-
! tons, with a view TO economy Of produc-
! ton and enhancement of prices. The
scheme is alleged TO be 10 form trusts IN
connection with all the articles that are
produced directlyfrom the earth, especially
! minerals and oil. This course is taken be
cause Of the comparative ease of acquiring
control of the supply in such cases by buy
ing up or trusting the lands which are
the source of supply.
Oae Of the first Of these combinations to
be formed, it is said, will be the diamond
trust The limited number of fields pro-
duclng diamonds makes the scheme nearly
as easy OF manipulation as the copper trust.
Diamond producers have for some time past
f14FfF, of Foil in
OF the precious gems, owing to unchecked
competition. The diamond trust will bring
back the good old days when diamonds were
worth something and fancy prices will
again be the rule. The smaller producers
are TO be guaranteed a sufficient share Of
the profits to keep them cOntented. 1t IS
also said that gold and silver trusts are well
under way. 1t is asserted that it is in
tins 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 tale of how coin values can
be enhanced by the limitation of produc-
ton, greatly TO the advantage Of holders of
securities with an expressed or implied gold
clause in them-fOr instance, United States
bonds, of which Jay is said to own a few
These schemes sound very big, and at first
sight 1T seems that the amount of capital
required to carry them out must be almost
incalculable. But this is an error. The
main requirement is not so much capital as
it is mutual agreement. If the great capt.
talists stand ready to guarantee against
loss in case the mineral land owners will
consent to make the experiment of shorten
ing production it is said that this will be
the only point of the game where capital
will actually be called into play. The dear
public will furnish all the actual working
capital required in the shape of payments
for the products. In this way it is claimed
that a syndicate with few hundred million
dollars could pretty well control all the min
eral lands of the earth. The Rothschilds
are, as above stated, believed to be thor
oughly converted to the idea that there is
more profit in this sort of thing than in any
other channel into which they can turn
their vast capital. and they will have little
difficulty i'll getting their correspondents
throughout the world to 20 into the plan
with them, thus forming an irresistible ag-
gregation.