The midland journal. (Rising Sun, Md.) 1885-1947, 1895-07-05
LIVE ISSUES.
The Public Robbed of $50, 027, $50.

The Public Robbed of $50, 027, $50.
The Oath instant the Secretary of
the Treasury certified for the last of
the bonds to be issued to the syn
dictate under the bond sale.
This was done after the payment
by the bond syndicate of Sc, 562, 7O3,
the balance of gold due the Govern
ment for the bonds.
The bond contract calls for a pay
ment of gold which shall be ship
ped from Europe without regard to
the conditions of foreign exchange
market of $50, 55S,13
The receipts of the Secretary of
the Treasury from the syndicate, of
gold directly brought from Europe
to the date when the Secretary of
the Treasury certified to a compile
tiOn Ofthe contract, was $15, 55 1872.
The remainder making up the
total of the European gold required
by the contract, was furnished by
the syndicate from gold obtained in
the United States.
Which means that the syndicate
has supplied $15,O12,16 in gold
from gold in the United States,
instead of in fulfillment of the con-
tract by bringing it from Europe.
This is another out -and-out swim
die upon the American people, for
which the people get no compensa-
ton, and wholly and inexcusably
in behalf of the Rothschild " ring"
The present quotation of these
bonds in the open market is $124.
The price paid by the syndicate to
this Government was $104.5 so. leav-
ing bonus Or premium paid by
this Government to this "ring" of
49, cents on the dollar of the entire
loan; or, the total sum of $780,
73O net, and in addition to the
annual rate of four per cent interest
for thirty years.
This interest amounts in the
thirty years to $74,776,SO0; add
that to the bonus above described,
and the total paid and guaranteed
to be paid this syndicate for its
SIS, 545,972 of European gold, over
and above the sum of gold the
country already had, amounts to
1856, 1927, $50! Shameful
Add this latter sum to the prin-
cipal which must be paid back to
the syndicate at the end of thirty
years, and the grand total of $149, :
241, $50 is formed out of which this
country paps the ROthschild "ring'
$S6,927 $50 for 'protecting" its
gold reserve, sum that could just
as well have been issued in green
backs and cost the country nothing.
All this is to "protect" the Unit
ed States Treasury from Februry 8,
1895, to when? Possibly to few
days from now, as foreign exchange
is rising daily.
All this criminally extravagant
wastefulness the Public Ledger still
insists is in behalf of this nations
prosperity, and the Ledger says
that the public should look upon
the Administration who did it, as
public benefactors
Comment is superfluous. 1t is
hard to conceive of a more degraded
condition of the public Treasury.
All this the Union League Club
of this city practically indorses in
its recent resolution in behalf OF
golditeism.
What a picture for the plain bus
mess people Of this country to look
at. Do our business men know
nothing? Where is the perspicuity
that is credited to the American
merchant and business man that
such robberies are tolerated? And
what is far worse, are looked upon
by the vast goldite press as patri-
Otic acts in behalf of the general
good!
Now another point: Mr.. Morgan,
of this syndicate, returns from
abroad and says Europe is buying
American securities. BY dispatches
just received from England, it is
shown that the Rothschild financial
journals in England are advising
the selling of American securities
until the "national monetary ques.
+ion &c cottlad -