Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-05-08
A BIG GOLD BUG CONSPIRACY,
THE RoTHscH1tDs TRYING TO
FORCE A BOND ISSUE.
BUYING UP ALI THE REFINED
GOLD TO GET THE GOVERN
MENT IN a CORNER AND THEN
FORCE cLEvELAND's TERMS ON
THE PEOPLE

CHICAGO, May Z.
A special to the Post from Washing
ton says:
The discovery that there IL an actual
basis for the report that tho Morgan
Rothschild syndicate Is schemlng to
corner the gold market Is regarded as
a foolish canard. Il Is a fact, however,
that brokers representing this syndl-
cate have been paying premium for
the refined gold output OF rchneries
throughout the West during the last
few months, ana they are accumulat-
ing fine gold at the rate Of S2,5OOOOO to
s3,OOO.O10 per month, which represents
fully two-thlrds Of the entire gold out
put OF the United States. The attention
OF the officials OF the treasury depart
mont was attracted TO the peculiar
business by tho sharp falling on IN tho
deposits OF gold at the mlnts. and In
qulry very soon developed that private
narties We're buying the product OF the
re0ncrlos. Further investigation re-
vealed that the metal was purchased
and was drifting to New York, whore
IL Is being put In store TO the credit Of
the Morgan-R othschild syndicate. In
order to divert the stream from It's
usual channels, leading into the United
states mlnts, the private purchasers
have been Obliged 70 pay premium OF
] is to 1-2 cents. The premium paid
for most OF the gold was s cents, hut
so anxious have been the buyers to in
crease their lines and get everything
Ia sight that they have marked up
their quotations during the last few
days, At the present time They are
getting practically the entire output Of
the United states except for the eN-
IRENE western coast Many long-henl-
ed men in Washinvton and on Wall
street who are familiar with the meth
DDS Of the parties composing the svudi-
cate, have jumped TO the conclusion
that the foundation Is being laid for
another bond deal before congress
meets again.
The last bond deal Of see 900 900 has
been pretty well closed out, over SOL
100000 having been paid out OF the
SG2, 100000, and 1t ls believed the deal
will be cleaned IN before August 1.
Upon the terms OF contract with the
treasury department the Morgan Roths-
childs syndicate has an option ON any
new bonds that may be issued by the
government prior TO October 1 next.
The treasury Is absolutely IN their
hands Until that date. II from natural
lean trcasury is obliged to issue more
bonds to maintain the gold reserve the
sale win be to tho syndicate that took
the last. There is no escape. II was
nominated especially I'm the contract
signed by direction Of the president.
The clause in which the syndicate
agrees to maintain the treasury re-
! serve leaves the syndicate 10 be the
Judge as TO what It can do In the prem
ises or whatm cthods It shall adopt.
If, in the carrying out OF thNt moral OBJ
legation they shall decide that the gov
eminent must issue another 100000, 600
or Sj0,c00,000 in bonds the admnlstra-
ton will have nothing to do but COM
ply with the terms. If the president
does not want TO Issue any bonds AT
the dictntion OF the ryndlcate the re-
serve can be practically wiped out in
/ ten days and then II he should decide
in self protection to put out more
! bonds he must sell them 10 the Nor
[ gan-Rothschilds syndicate and nobody
| else. The new bonds are selling today
/ IN open market at l2i 10. They cost
| tho syndicate 1Oi l-2. which would show
| n piont OF II points In the operation
amounting In all to Sl05i0. 900. II
would not be fair TO say that the syn
/ dictate made that much out OF the oper
alton, but Il is very safe Ia estimate it'
| profits at ts00O.0OO. Tho syndicate II
/ hurry,ng the completion Of ITS preaen
deal with the government. II deposited
81. 600, 600 today which carried the re
serve up to nearly S93.000.00o IL vii
not have TO complete these payments
until the LIT of August. But the oper-
| alton within a very few weeks Tina
will leave the syndicate a free field.