The midland journal. (Rising Sun, Md.) 1885-1947, 1891-01-23

Roihschilds.
Belmont required thirty days. tim,
reply. He at once wrote to Nathan
Rothpchild, acting head Of the firm
whose agent he was, explaining th'
circumstances and asking for an ordei
to disburss $4,000 for ''incidenta
expenses
Inside the thirty days came reply
to Belmont to the effect that his re-
quest smacked of good business senss
but in view Of the fact that politicians
always asked for more than they wer,
willing to receive, that he could accom-
plish all be showed up for $50, 900, bu
that be bad permission to thus use
$4,000, keeping to his own nse all he
could save out Of it in excess OF $780,
900, as compliment to his sagaciiy--
as the proposition made to the
Rothsehilds appeared as originating
with him
Thereupon be paid 10000; Of
which SUM s25, 900 went into Pennsyl.
vania for campaign purposes in 1856.
and the balance $4,000, went to sim
liar uses in Now York
During the campaign Of 1856, as
many persons will remember, articles
appeared in newspapers to the effect
that August Belmont. young demo-
cratic banker in the city of New York,
felt such an interest 10 and devotion to
the principles of democracy, that he
had, of his own accord, and to testify
his great love for the democratic party,
contributed $50, 900 to the democrats
70 be expended in printing aud sending
speakers to tell the dear people what
glories there were 10 democracy and
what danger there was IN republication.
Buchanan was elected. Belmont was
toasted from one end Of the country to
the other. The democrats rushed
through the matter Of state payment Of
the job lot of bonds he had bought for
less than their face, and the Roths-
childs cleared about 81 100000 by the
turn CT this trick.
In 1860, Belmont was made chair
man of the national democratic com
mittee. and through him the Roths
chilis contributed about $780, 900 to
the democratic fund OF that year. most
Of this money going to those who bowed
the knee to Belmont, and then to
Manton Marble OF the New York
World.
After the government issue OF green
back money for the payment Of soldiers,
etc, Belmont, as the agent Of the
Rothschi.ds, and as susgest4r Of utter
ances through leading democratic daily
papers, urged on the crusade against
greenbacks. helped to educate the
public to the idea that a government
had no ri BIT to create legal tender
except on gold basis, and. as thought
less men were will ng to sell green.
backs at discount from Their face
value, bought millions Of dollars worth
of them at rates running from $1,000
Of greenbacks for $500 to 5000 Of gold;
then bad the greeubacks converted
into United States bonds that drew
interest in gold, and that, in some
cases this year, he sold these same
bonds, or their children. back to the
government at rs per cent premium, or
on an average Of rs cents ON the dollar
more than they cost, I'll the intervening
tine drawing interest in gold on bonds
at their face value, and these bonds all
exempt from taxation.
Since the creation of greenback
money, say since 1864. Belmont has
bought several hundreds of millions OF
dollars Of legal tender paper money at
the lowest possible price, paying for ii
in gold at the highest price obiainable,
and then letting the greenback money
go at par to the United States treasury
for bonds at par, and in some instanc es,
at discount.
During the years between 1856
dating from the Pennsylvania state
bonds to the day of his death, he has
been largely interested in bond deals
and in selling gold and silver to the
government. He held the reins over
the democratic party and over congress
from 1860 till 1880. when. with his
nest we'll lined, he surrendered his
position as dictator Of jackasses and
turned his attention to horses. but
aever to improving the condition Of
humanity. lie accumulated, as his
share Of the profits Of this infamous
whoriDg IN political and financial cir