The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1895-02-20
WILL THE GOLD STAY /?
THE QUESTION NOW ASKED BY
WALL STREET MEN.

ti't1ot'' '"' ~ litc oolu supply IN tho Past
Two Yoars-- How tho Treasury lIaa l,oon
Draincd--A rhoughtful Roviow ofs9 tiio
Situation,
NEW YORK, Feb. 16.-The World of
few days ago published the fol-
loving article, which shows yery
plainly the absurdity of the present
plan OF trying to preserve the gold re-
serve. Here is the article: >>'S.
Will the gold stay2
lhat is the query which Wall street
men are thinking ii they are not ask
ing concerning the last deal of the goy-
ernment with the bankers. The teach
ing, OF history and very lively history,
Is that as soon as the gold gets into
the treasury it will be taken out main
~ ny the same people who put it in.
20 lar as the history of the bond deals
mas been shown III operation game
somewhat worse than the gold brick
sWmdle, for in this gamc the victim is
allowed to keep at least the gold brick,
while fhe government gives away it's
good bonds and is then promptly de-
prIvcd even Of the gold brick.
since the panic ofMay, 1893, the ups
and downs Of the heap Of government
gold has been the text Of thousands of
columns Of newspaper talk, Of talk
III =. and out OF financial and legislative
circles enough to crowd thousands of
volumes OF the Congressional Record,
ana incidentally Of profit to the bank
ing world Far up into tho millions.
Stated III bulk sum, the govern
mont is trying to keep 800, ,O00, 900 in
gOld III a Selvc. 1t saw $3b. O00. 600 po
through the seiyc once. Then tho
selyc was filled, and it saw $45, 900 600
slide through. Once more The seive
was filed, and $5S, 600, 900 went
through like sand So the 20 yern-
mcnt, with the aid of Messrs. Belmont.
Morgan and Rothschild. is again
about to fill up the same old seive.--
the treasury Of the United States. So
to keep this solve full the government
has gonc into debt to the tune Of $162
0oO. 200, and contracted to pay out
while tho debt runs more than S107 !
O00 600 in interest alone.
All around the edges Of the sciye
apparently working with might and
man, 70 assist the government in fill
ing it, stand representatives Of pretty
near every banking housein the coun-
Try and Of foreign ones as we'll While
below the seiye catching the golden
shower as it falls through tue partners
OF these same financial concerns catch
ing the coin and bagging it up ready
o.pass back again, over and over again
al inlinitum, or rs long as the soive
holds together. That is The situation
in nutshell. While over the whole
matter have hung no end Of clouds of
talk, SurmiSe, advice and snncnlat;vn
interest. ,,,, i8#
. :, me tn lirst loan came in January, 1894,
a,,vr ,n,t = .e summer @ ana fall spent on the
Enar. oi q number OF money, dealing
houses IL IN carrying OFF the yellow coin
Trnnsurv II >vas ~" r., r - ni.ca o.aoes ao.'
Secrcfarv (orl;s1a &. ;ss,,el ya,i'sy ~ ~ LH4,
call soyino thot 10 ,n'|,ii ne ,iis. ponu
for $50 0O0 00, IN to-" roar Soo,Ho 49,, pt1ts
fixed the n,icn a. et}1 900 fo.s 800
bonds wh;ch voc ~ 'n'';,oiI"I ~i;1ios1 ior %lou
cont ra,,,nn fom Iluisaic.I ~ W o a3 per
was q ln''l stau,, ,Ua wy ns investor. Ihcrc
bodv donI,r"d i was =, p,o.Gst, i;, aau every
ncct 10 OCT IN :, ,,so onS Ia,;ioulous 70 OK
iionrns INC ,,n,,o,, 10Y ~ ~; golI Isuch
nSonnct;nu ,v;ih ,o az i4;,lillg Gas we're
of fradn fhot tha,. n,,|J "li.1oiP iP'1lco REVIVAL
for t,,n;,, ,,,a;.;,,o. ~; MJ.uu NJ: pe y ucinano
nnt ,,,,t;, Tr",.ag ~ niiiiiulls' ana IL was
~ To NJ ~ " vJvoii'liioliI ~, iSents came
ioleJ oml1 h,,li;n,, H. ti.y anu begged ca
Eowarn,.omtnI,a tatIsu t,iosc WHO nag semi
Gonol hn,1,s y, t1tIloiis ~. ',s lleads OF ma
ovar fn,. ta,,,,nm ,o,av .lo c''sli was turned
rnont .HTa,l,,,',y .HTl",y 10Y " t!ic IoVerh- !
torn, ~ ,,ea =, Iy tIaty usc Is ti1e exact
;nan,od;o ~ -. stte trahsac!lon, because
tho snoc;a Lold;nas o'io auuu1il ~ uroP. N
c;do,lt 1 et,o ~ ~ il,oiais OF tne banks IN
; usmna;o ~ oiS; ohT aaK,'lg OF Inc bonds the
did 81 staod;im ,,,s;i s;dtleo ti'a 70 cilmp and
wos ~ 'ooSw S fnSS u,tI,a .no Uoyernlnent y !
tho % se;waS S - "'Ao''io foplc'iiShinent Oh
MI ~
ne inslde history OF that call loan
oi gold 10 tne Government has many
cHaptcfs winch are floating about in
whispered gossip. How ono large in
surience company madea q bid got its
sli'ro OF ponos and then with the most
s,lalloW pfetense at concealmcnt, took
me gold rom one end OF the sub-treas-
ury 10 pass It IN at the other to assist in
lelalning the reserve. What was not
aoM,n;rlgnt rascallty IN the selfish pro
ceGulng was supremcly comic
), men came the draining process: All
1uriig aoaai; .lie suIlluier OF l894, with an
occasional attempt. at damning the
10y, r,oM ~, tllo P3Tt OF me government,
,on - onn s,lo non nuli ol last year the reserve
- orls %iloo'grI, M, ~ $1,000 a. me Sop, ,ooo, ,ooo
rrm ,inu III, ~ liioiilent OF GREATNESS sus,
Poiise wltil "llch lhe 1lnanclal world
saw the reserve encroached upon
dropped TO- to mild sort Of spasm when
4 hn = f. a St