Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1895-05-11

Chica 80, May IA special to the
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. 1t is fact, however, that
brokers representing this syndicate
have been paying a premium for the
refined gold output of the private re-
ineries throughout the west during
the last two months and that they are
accommodating refined gold at the rate
of $2,500,000 to $4,000, 900 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 off in the deposits of gold at the
n1ints 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-
vert the stream from its usual chan
nels leading into the United States
mints, the private purchasers have
to IL 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
hOnS 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 bhe 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 $50, 600, 600 has been pretty well
closed out, over sol, 0O0, 900 in gold hav-
ing been paid out of the $64 ,000, 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-Ratsohild 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.
It was nominated specifically in the
contract signed by direction of the
president. The clause in which the
syndicate agrees to mai1tain the treas
ury reserve leaves ths 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
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 1912. They cost the
syndicate 1041A which would show a
profit of seventeen points in the Oper-
alton, amounting in all to Sic, $40 900.
It would not be fair to say that the
syndicate made that much out of the
operation, but it is very safe to esti-
nate its profits al 5000, 000 The syn
1icate is hurrying the completion of
is present bond deal with the govern
ment. It deposited over $1,000,000 to-
day, which will bring the reserve up to
gerry near $93 900, 600. It will not have
70 complete these payments until the
first of August, but the opera ton may
be closed up within a few weeks. That
will leave the syndicate a free field.