Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1891-06-12

tine without price. AS has been de-
scribed in correspondence, the officials
from president down to j%anitors in the
public offices, expect consideration for
their services in addition to their regular
stipend. The procural of a concession
was obtained, as was previously men
toned, by Charles H. Sanford and, a
greater coup was never accomplished in
this delectable capital where bribery, cor
ruption and fraud thrive as they rarely
do elsewhere. In order to secure the
great contract, Sanford was compelled to
bid high and the success that be attained
placed him on a pinnacle toward the
apex of which less fortunate operators of
the speculative market gazed with eyes
fraught with admiration. Juarez Gel
man was chief executive of Argentine.
He was ripe for Doodle before he warmed
the presidents chair, and at the time the
concession was granted Barring Bros,
through Sanford. his need of money
was great. DR.. Wild, another of the
gang OF sharpers who formed the Doodle
ring of Argentine, was minister of the in
terror. To these two worthless Sanford
addressed himself, and their favor &c.
cured to him the prize. Celman received
upward of 100000 for his "fee" in grant
ing the concession. The additional sum
OF 100000 was also paid to the presi-
dent, if the statements of the most re-
sponsible men here are accurate. The
minister of the interior received S5O0,00O
for his share. It proved a difficult task
for this correspondent to trace the entire
disposition of the Barring fund used in
the water works deal. The
belief is current here that
nearly 100000 was spent in
"prellminaries," as the expression runs
in Buenos Ayers. Sanford is popularity
credited with securing the personal
commissions which put him high
above water in his course down the f.
nancial stream among the brazen kettles
and earthen pots. Having secured this
contract, Barring Bros, forwarded to
Sanford two installments of 81, OOO,O 900
each, and a third of a like amount will
fall due this summer. Other sums we're
advanced at various times until now, the
correspondent estimates the govern
ments liability to the Barring Bros, on
this single enterprise at nearly $30,000,-
600. He continues: "The losses Of
the Barings from their water works
Investment will not be as great proper
tionately as in their purchase of bonds
and other money securities. There are
extensive investments of their
money here which no one outside
of the confidential circles of the houses
and their agents can describe. l have
met with many difficulties in obtaining
the simplest facts regarding Baring's af-
fairs. Government officials will disclose
nothing. The chief secretary, after
promising to lay before me certain i'm
p%ortant official data, was constrained to
change his mind and politely declined.
Circumlocution-office system prevails
here in all its complexity. An inquirer
who wishes to know is regarded as a sus-
picious character, only to be denied in
formation. Notwithstanding these diff
iculties the correspondent learned that
amounts ranging from $5,000,O00 to
twice or three times that amount we're
obtained by various provinces for Gin
ternal improvements" One of the loans
to Cordoba, the correspondent says, is
larger than the entire province is worth.
The Barings also have made investments
in railroad bonds, but these, the cores
pendent thinks, will yield fair returns in
time.