The Hazel Green herald. [volume] (Hazel Green, Wolfe County, Ky.) 1885-19??, 1895-07-04


of United States bonds? Lots of
people are asking that question
and speculating as to what the
syndicate is driving at, 1t will be-
remembered that the syndicate I'M
its contract, dated February8, 95,I
agreed to pay $65,0OO,000 il gold,
one-half Of that sum to be brought
from abroad, for 500, 400 900 in 4
per cent bonds, the last INSTALL
ment to be paid October 4, 1895.
This syndicate this week made the
last payment and the transaction
was closed. Ii is charged that the
syndicate did not import more
than cne-fourth of the gold, but
acting Secretary of the Treasury
denies this and says the syndicate
lived squarely up to it's contract.
Some people think that the syndi-
cate intends to make another raid
on the gold in the treasury, which
now for the first time since last
year exceeds $100,000,000, in or
der to force another bond issue.
These people direct attention to
the fact that it is stipulated in the
contract that the syndicate is to
have upon the same terms the re-
fusal of any other bonds issued by
the government previous to Octo-
Der next. 1t would be compar-
atiyely easy matter for the syndi-
catesto drain, the treasury of gold
within thee months time, should
it see fit5to do. so. Officials con-
nected with the administration
believe, or say they do, that the
syndicate will continue to exert its
Influence toprevent the withdraw
al of gold from the treasury, just
rs it has been doing since it bought
those bonds. Perhaps so, but
many doubt it. The syndicate
pocketed $40, 600, 900 as profit on
that bond deal and If it can force
another Issue of equal amount can
make as much more; that's why
some people are suspicious Of its
actions.
The issuing of that call for a
silver conference or convention to
meet III Washington in August, by
SENS ore Harsis and Jones, of Ar
kansas, and T1rpie, all Democrats,
indicates Chat the setbaeks which
the Silver % Democrats have received
lin Ohio and Kentucky have not
caused them tn think Of abandon
ing the fight. Justwhat IS expect
ed to be accomplished bythis con
terence has not been made public
and probably will not be. prior TO
the conference; but there are
grounds for the statement that one
Of its purposes win be to ascertain
definitely what probability there
lis of making a successful combi-
nation Of the South. and West lin
behalf Of silver. While many
Democrats continue to talk of the
probability of that party declaring
for silver at its national conyen-
ton, the general impressionis that
the administration will be able to
duplicate its success in Kentucky
in sufficient number Of southern
states to give it control of the
national convention. 1t is daily
becoming more certain that the
Republican national convention
will neither declare for silver nor
nominate a silver man for Presi-
dent, although it may nominate a
silver man for Vice-P President. Ac-
cording to those who are deeply
studying the situation, the whole
thing will turn upon whether the
silver Democrats and Republicans
can be Kept in their respective par-
ties. If they can be, then silver
will not cut u figure in the Presi-
dental campaign. But, if the sill
yer men should all leave the DEM
ocratic and Republican parties, as
many believe they will, and actI
with the Populists in supporting
silver man for President, silver
would be very much in the cam
paign. The leaders of the old par
ties recognize this, and are doing
ali they know how to do to prevent
the desertion of their silver mem
bers. Much depends on their sue
cess or failure.