The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1895-05-11
Highest Of all in Leavenng Pow-Latest U. s. Report
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ABSOLUTELY PURE
cORNERING THE GOLD.
Story That . Bond Syndicate Il CorraIIin
the Yellow Metal.


the Yellow Metal.
CHICAGO, May s.--A special to the
Post from Washington says: The dis
covery that there Is an actual basis for
the report that the Morgan-R r. othschild
bond syndicate Is conspiring for the
gold market has been regarded rs n
foolish canard. II Is fact. however,
that brokers representing this syndi-
cate have been paying premium for
the refined gold output of the private
refneries throughout the west during
the last two months and that they
are accommodating fine gold at the rate
of 81, SOC, 900 or $4,000. 900 per month.
which represents fully two-thirls of
the entire gold output OF the United
States The attention of officials OF
the treasury department was Grst at
tractcd to this peculiar business by the
sharp falling of In the deposits of gold
1t the mints and inquiry soon devel-
oped that private parties were buying
the product Of the reineries.
Further inquiry revealed that the
metal was purchased and was drifting
to New York, where 1t Is being put in
store to the credit of the Morgan
Rothschild syndicate. In order TO di-
vert the stream from its usual chan
nels leading into the United States
mints the private purchasers have
been Obliged to pay n premium
Of ~ to ~ cents. The premiums
paid for most of the gold was Is cents,
but 50 anxious have been the
buyers to increase their lines and get
everything In 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, excepting
for the extreme western 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 to
the conclusion that the foundation Is
being laid for another bond deal before
congress meets again. The last bond
deal of So, 900, 900 has been pretty we'll
closed out, over s5l, 900, 900 in gold hav-
ing been paid out OF the SGi. 900. 900 and
IL Il 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
Rothschilds syndicate has an option on
any new bonds that may be issued by
the government prior to October next.
The treasury Is absolutely in their
hands until that date. II from natural
csuses or through chicanery and
| manipulation the administration Is
-. A. l...s A. - n a.
to maintain the gold reserve the sale
must be made to the syndicate that
took the last issue. There Is no escape
from such action. II was nominated
specifically In the contract signed by
+, direction of the president. The clause
,, In which the syndicate agrees TO main
tain the treasury reserves leaves the
syndicate to be the Judge rs to what IL
can do In the premises or TO what
methods 1t shall adopt. II, In the car
ryiuR out Of that moral obligation the
syndicate shall decide that the govern
ment must issue another SlO0, 000, 900 or
will have nothing to do but comply
with the terms. II the president does
not want to issue any more bonds at
the dictation Of the syndicate the re-
serve can be practically wiped out In
ten days, and then, IL he should decide
In self-protection to put out more
bonds, he must sell them TO the Nor
gan-Rothschild people and nobody else.
The new bonds are selling to-day in
open market at ieilI. They cost the
syndicate i0t,s, which would show n
profit of IL points in the operation,
amounting in all to $40. $4,000