The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1895-05-10
AFTER WHAT'S LEFT.
ACKNOWLEDGEMENTS SYNDl-
CATE CoRNERlNG GOLD.
Their Agents Buy ut First Hands - tho
6melters and Ship the Product to New
York Where It L. Stored Uncle Sam In
the Tolls.

Cnlca00s May IA Speciai 10 tue
Post from Washington says: The dis
covery is made that there is an actual
basis for the report that the Morgan
Rothschild bond syndicate is conspir-
Ing to corner the gold market. though
the story has been regarded as fool
ish canard. It is a fact. however. that
brokers representing this syndicate
have been paying a premium for the
refined gold output Of the private re-
hneries throughout the west during
the last two months and that they are
accumulating refined gold at the rate
Of $2.5OO.OO0 to $3.O0O.OOO per month.
which represents fully two-thirds of
the entire gold output Of the United
States. The attention Of officials Of the
treasury department was first attract
ed to peculiar business by the sharp
falling of in the deposits Of gold at the
mints and inquiry very soon developed
that private parties were buying the
product of the refineries.
Further inquiry revealed that the
store to the credit of the Morgan
to New York where it lie being put in
Rothschild syndicate. In order to di-
nels leading into the United States
mints. the private purchasers have
been obliged to pay premium Of ~
to ~ cents.
sCooPING THE LOT.
The premium paid for most of the
gold was one-eighth cent, but so anx-
iuos have been the buyers to increase
their lines and get everything in sight
that they have marked up their quota
tions during the last few days. At the
present time they are getting practic-
ally the entire output of the United
States excepting for the extreme west
ern coast.
Many long-headed men in Washing
ton and Wall street. who are familiar
with the methods of the parties COM
posing the syndicate, have jumped at
the conclusion that the foundation is
being laid for another bond deal before
congress meets again. The last bond
deal Of S.. ZOO. 900 has been pretty well
closed out, over $51 900 900 in gold hav-
ing been paid out Of the So, 0O0, 900 and it
is generally believed that the entire
deal will be cleaned up before the first
day Of August. Under the terms of
contract with the treasury department
the Morgan-Ratschild syndicate has an
option on any new bonds that may be
issued by the government prior to Oc-
tober 1. next.
The treasury is absolutely in their
hands until that date. If from natural
causes or through chicanery and man.
ipulatiOn the administration is obliged
to issue another batch of bonds to main
tain the gold reserve the sale must be
made to the syndicate that took the
last issue. There is no escape from such
action.
NOMINATED IN THE BOND.
1t was nominated specifically in the
contract signed by direction of the
president. The clause in which the
syndicate agrees to ma ltain the treas
ury reserve leaves this syndicate to be
the Judge as to what it can do in the
premises or to what methods it shall
adopt. If, in the carrying out of that
moral obligation. the syndicate shall
decide that the government must issue
another $100,OOO.0OO or $50, 100000 in
bonds, the administration will have
nothing to do but to comply with the
terms. If the president does not want
to issue any more bonds at the dicta-
ton Of the syndicate the reserve can
be practically wiped out in ten days,
and then if he should decide in self pro-
lection to put out more bonds. he must
sell the Morgan-ROthschild people and
nobody else.
The new bonds are selling today in
open market at 1211s. They cost the
syndicate 1912. which would show
pFOHt OI seventeen points III the Opef-
alton. amounting in all to $1O,54O, 900
1t would not be fair to say that the
syndicate made that much out of the
operation. but it is very safe to esti-
nate it's profits at $S.00O,OOO. The syn
1icate is hurrying the completion of
Is present bond deal with the govern
nent. 1t deposited over 81, 900 900 to-
lay. which will bring the reserve up to
very near $93. 100000. 1t will not have
% complete these payments until the
first Of August, but the operation may
De closed up within a few weeks. That
will leave the syndicate a free field.