Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-05-17
RESPECTING METAL MONEY.
Maneuyers of the Gold Bond Syndicate
Rushing the Yellow Metal
Into the Treasury.
Silver Men at Salt Lake-Ex-Gov.
Prince and Ex-Gov. Adams Hon
ored-Denial of Gen Warner.

New York, May 17.-The World this
morning says: Another chapter was ad-
ded to the big syndicate history yester-
day. A notice was sent to the bond banks
interested in the deal, requesting the de-
posit by the banks of large quantity of
gold in the sub-treasury here. The ex-
PLANTATION of this last move let's hit of
light on the bargain which the syndicate
made with the government. Most of the
banks cooperating with the bond syn
dictate were members of original pools,
which subscribed for the last bond issue
at about 1O4. 1t is estimated that the
banks will now deposit about $l3,O0O,OOO
of additional, gold in the sub-treasury,
raising the reserve to about Sill 1,OO0,0 900.
In addition to this call the syndicate is
rushing forward foreign gold TO complete
that end of the contract. Some appre-
hensive operators see in this activity of
payment possibility that the syndicate
will complete its contract with the gov
ernment 80 soon that there will be time
for another "scare" and the need of
another bond issue before fall, when the
heavy exports of grain usually bring
natural flow of gold from Europe to this
country.
BOND SYNDICATE WORKERS.
New York, May IA Wall street
agency says: The evidence points to
cleaning up process having been begun
by the bond syndicate. Recent return to
the members of 40 per cent of their sub
scription money was the first step in this
direction. It is uncertain when the bal
ance will be returned, but there are those
who think it will be in short time. The
calling from number of the syndicate
members of extra gold is another step in
the same direction. There is authority
for the statement that the progress of
events in the desired direction has been
a good deal faster than the syndicate ex-
pected or even hoped. The development
of foreign investment buying on large
scale has been 80 noticeable that last
month has especially assured the country
against any large demand for gold for
good many months to come.
WARMERS EXPLANATION.
Colfax, Wash.-Gen. A. j. Warner when
shown dispatch stating that the Cali
fornia State Silver league had withdrawn
from the American bimetallic party, and
denounced Warner for booming Sibley
for president. said: "There is no state
silver league in California. We addressed
the silver league Of Los Angeles, and
there were some cranks at the meeting,
headed by an anarchist named Udell, who
threatened to denounce Sibley and myself.
This opposition was engendered because
the disapprovers were Populists and
wanted to control the movement in the
interests of the Populists. lam certainly
advocating Mr.. Sibley's candidacy for the
presidency"
Mr.. Sibley declined to discuss tho ques-
tion except to say he was not candidate
for the presidency.
SENATOR vooRHERs TALKS.
Terre Haute, Ind.-Senator Voorhees,
has arrived home for the first time since
the adjournment Of congress. He said
81 am too old to change my views on the
silver question. always. have been the
friend of silver, and IL will always remain
the money of the common people, while
gold will be the money of the rich. I
hope l shall be able to make another
campaign on that subject. When We talk
about free silver, We must recollect that
this country was for eighty-one years
prior to 1873 practically on the silver
basis. This country fought the war OF
1872, the Mexican war, and the war of
the rebellion under silver. Opposition
to it is kDavish and speculative. By
pronouncing against silver and driving
It out as currency, the purchasing
power Of gold is increased and that is
what the rich are after.'
PRINCE AND ADAMS HoNoRHD.
Salt Lake.-The silver convention to-
day provided for permanent orgsniza-
tion to be called the Bi-metallic Union.
The purpose of the Organization is to
spread the doctrine of bi-metallism at
the ratio of 16 to by the circulation of
documents and other appropriate meth
DDS. Delegates were appointed as fol-
lows to attend the Bi-metallic league
convention at Memphis, Tenn, on June
II: Ex.Gov. Prince, of New Mexico; F.
Hnvnork <,f Mo~kann, Ga~ Alov,a