The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-06-26
CLOSING UP THE DEAL.
The Rothschilds To Pay the Gold and
Get Their Bonds.

New York, June 25.-It is Fumored in
financial circles that the Belmont-Morgan
syndicate is closing up its transactions
with the government; that the balance
of bonds sold on European account VIII
soon be delivered In London, and that
the members OF the syndicate will then
receive from the managers thereof their
share OF the profits OF the transaction.
According o members OF the syndicate.
however the rumor is little premature.
as the syndicate has still a good deal OF
gold 10 import under its contract with
the government, but they said that so
well had the syndicate managers done
their work that there would in a little
while be no obstacle to the closing up OF
the syndicate accounts. IF the contracts
were to be carried out literally. the syndi-
cate would yet have 10 import Sls.sl6.H~
more gold, but II is thought the secre-
tary of the treasury may have consented
to certain modificatio OF the contract
~ the interest both OF the governments
and the syndicate. The acceptance by
the treasury of deposit ~ gold amount
ing 10 $40 40. 00D on account OF the FOR
eign portion OF the bonds is believed 70
have been done IN connection with and
In fuifllment Of the clause Of the contract
requiring the syndicate as Tar as posi-
bile, TO maintain the gold reserve ana
prevent expectation Of gold during the
life Of the contract. That deposit, II IS
said. was simply a clearing transaction:
a large order OF gold for Austria was
filed in London instead OF this country
through Mr. Morgan's effosts In this
way the syndicate prevented an eNporta-
ton Of gold. and was saved tho neces-
sity Of importing gold to make UP the De
ficiencE They did So by selling steriing
bills f~.aIy when exchange was high.
Wall street is full Of rumors 10 the
bond syndicate opera tions and ne treas
ury department. Neither Mr.. Morgan
nor MIR Belmont VIII talk. and Sub
Treasurer Jordan VIII make no state
nent ir connection with the matter be-
vond the fact that the gold surplus 70
serve % the treasury Will within twenty
fours. when the gold now deposited goes
through the banks Of the treasury. be
Sia7 AZ 80. r. Is said that this sum Ia
reached by the settlement OF the houd
syndicate Indebtedness - the govern
went as regards the payment 81 the
bonds II IS believed further that the
bond svrdi~ato either has received or wiu
AZ once receive the fHll amount Of bonds
dua g. There IS some vague talk about
An a~raure ren1eut for a further issue or
bonds hv the government, bat there rs
no suggestion of such course from any
a.-borItative quarter. as the managers
of me last bond syndicate viii say moth
ing whatever on the subject
Tha pavment into he Euh-trfasury yes
.a-sa.- of 3. 81 ea ia according "a tho
Evening Post. believed 20 De proof that
4ha government has agreed % a uoaifica-
+3on or change in THE contract with the
sxnrli-ate. s. far as requiring the syndicate
II import 81. ~. .o1 II go}3. bat rs the syn
eveafa managers admit tnaT their con-
tra.-t does not expire unta o-toter. ani
.avat hey are required Ia 10 all IN their
,,,Qer IN the meantime 20 maintain the
Governments gold reserve they NAV yet
Aava ~ frnuart gold unless tney continue
- Y,rs,,ert ;sS exrorsation. t1f their aoI-
~ ~ DO that uu1n October I. no one seems
- have any doufs
Tha Evening Post continues. Thus far
ths syndicate has imported for the ae-
count Of IRE nex per cent oon7s Si'-
AZ fGo = Aras ss"fs" of imported gota ~
- auezx of5re 70 fts credit. Ind has de-
pos.tea in the treasury altogether more