The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1895-09-06
I FIID6AH8 GHAF.
& is Nov Il Position to Calmly Wait for
Another Issue Of Bonds.
The Flow of Gold to Europe Keeps on In
cfsaslug and Anether Issue OF Bonds Is
Butts Matter Of Time Everything Points
10 FinanCial guggIery.

The Mercury alone, Of ali the press Of
New York, hes maintained daily since
last March that just as soon as the bonds
issued TO the Belmont Morgan syndicate
had all been sold and the proceeds paid
into the treasury gold exports would be
renewed and would continue until again
temporarily checked by another bond
issue.
Yesterday it was shown i'll The Mer-
curry how the gold was trickling through
the dam erected by the syndicate to
check the natural flow Of gold to Eu-
rope. Gold and silver are as regular a
crop Of the United States as wheat and
hogs, but the demand for gold and sill
yer is steadier than that for wheat and
hogs, because the amount of money rep
resented by exports of gold and silver is
far less than that which wheat and hogs
represent.
When the world wants American
wheat and American hog products, it is
bound TO have them no matter what
they cost.
When the world wants American sill.
yer or American gold, it is bound to
have the metal which it wants. and all
the power Of the Belmont Morgan
Rothschild syndicate cannot prevent
gold from going out, even if it wanted
to, which is not proved, in spite Of the
assertion of the syndicate that it will
protect the treasury gold reserve.
The importers Of coffee and sugar
must settle their accounts III gold or
sterling exchange, because the balance
Of trade is against the United States in
the countries whence these two articles
of prime necessity are imported.
The margin Of profit on coffee and
sugar is so small that the high rates Of
exchange kept up by the bond syndicate
make gold shipments cheaper than the
purchase Of exchange.
The merchants engaged IN the coffee
trade are rot interested i'll the profits Of
the syndicate. They are doing legiti-
mate business, supplying the daily
wants Of the American people If the
syndicate will not supply them with
sterling exchange at a reasonable rate,
they must remit gold. With them it is
a plain matter of business. They have
to pay their bills and have the money
to pay them with. If they cannot buy
exchange at 4 reasonable rate, they are
compelled to present their legal tender
notes at the treasury and obtain gold to
ship to London, which is the clearing
house Of their trade.
This is why MeSsrs Crossman & Bro
Of II Broad street ship about 500, 900
gold to London in one day.
How the Sugar trust pays for the
sugar imports is another question, the
solution of which may be made public
before long.
The fact is that the syndicate has lost
control of the exchange market. and mis-
cellaneous shipments Of gold are now in
order
Perhaps instead Of saying that the
syndicate has lost control of exchange
it would be more correct to say that the
syndicate has let gotoget better hold,
after $40, O,000 to $40, 900, 900 gold
has been Withdrawn from the treasury
for export.
The members Of the syndicate are
calm, with the calmness of the Christian
who sits behind four aces. They see 10
occasion for panic. If gold goes out
now, it will 50 in the ordinary course
Of business. they say, and if the country
wants to stop the outflow of gold all
that is necessary is TO issue more bonds
to the syndicate with which TO close up
the creyices in their dam against the ex-
portation of gold
But until the next issue of bonds is
made gold will so out by every steamer
just as it is going now, or faster.
Tho reports Of gold this week so far
as known are in excess Of $1,000, 600,
with a prospect of more announcements
today.
But the syndicate says it is all right
and i'll the natural order of business. 1t
was not SO in 1893 and 1894. What
difference the creation Of a syndicate