The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-08
AFTER MORE BONDS.
The Rothsehilds Preparing to
Squeeze the Government.
GOLD CORNER BEING EFFECTED.
The Hunrfiiating Spectacle OF the Great
Republic Absolutely in the Pow
err OF the Gold Spectators

chfearo. May IA special 20 the Post
from Washington City says: The as
covery is made that there Is an actual
basis for the report that tne MOTE Az
Roth@c7ifd syndicate Is consptring 10 cor
rFer the gold market. though the s1orE.
has been reea rsed as a foolish caraard- IL
i a fact, however. that brokers repre-
sensiug the syndicate have been paying
premium for the refined gold output "i
the private reiiner1es Throughout the W est
during the last two months. anu iIlal
vfaey are accommodating me goad al tne
rate OF Szs0eD 10 s300.0oo per month
which represents fully fwo-thIFIs OF the
entire gold output Of the United states
The attention OF the officials OF the treas
ury depa rtTnenr was nrst attracted 10 the
peculiar business by the sharp iaAhIAs oai
in the deposits of gold at the minis, anu
inquiry very soon developed the Tact tnat
private parties were buying the prod1etS
Of tie reflner1es.
Further inquiry revealed that the metal
was bought and was drifting to New
York, where 1t is being put IN store TO the
credft OF the Morgan Rot hschald synd1cate.
In order 10 divert the stream from its
usual channels leading into the United
States nints, the private purchasers nave
been obliged TO pay premium OF Us 10
IL cents The premium paid for most or
the gold was 1is cents. but 80 anxious nave
been the buyers to increase their lines anu
get everything in sight they nave marked
up their quotations during the last few
aavs At me present time they are getting
practically the entire output or the United
States. except from the western coast.
Many lonz-headed men in Washington
City and Wall street, VINO are familiar
with the methods OF the parties eoluios-
ing the syndicate. have jumped 10 the
conclusion that the foundation Is peihs
laid for another bond deal before con-
sress meets again. The last bond deal
or $52oa.o00 has been pretty well closed
ont Owe Sd. co. 900 in gold having Oeeh
paid out of the 81, 200. and IL Is geneT-
ally believed that the entire deal Will De
cleaned up before the list day or August
Under the terms of the contract Win ttie
treasury department the Aorsan-hoths-
child syndicate has an option on any new
bonds that may be issued by the govern
meDt prior to October l next The treas
ury is absolutely in their hands untii that
date If from natural causes, or through
ehicanery and manipulation. the ADMIN
istration Is obliged TO issue another batch
of bonds TO maintain the gold reserve,
tba sale must be made to the syndicate
that took the last issue. There IS no es-
cane from such action. 1t was nominated
specifically in the contract signed by di-
rection of the president. The clause IN
which the syndicate agrees 10 maintain
the treasury reserve leaves the syndicate
to be the nudge az 10 eHaA ~ NN''A -
the premises, or what methods IL shali
adopt.
n I'm the carrying out of that moral
obligation, the syndicate shall decide that
the government must issue another SlVo,-
oae 600 or x0oD0.00o in bonds. the admin
istratIon will have nothing TO do but com
ply with the terms. If the president does
not want to issue any more bonds at the
dictatIon of the syndicate. the reserve
can be practically wiped out in ten days,
and then IL he should decide in self-pro-
lection TO put out more bonds, he must
sell them to the Morgan-Rothschild peo-
pie and nobody else.
The new bonds are selling today In open
market at 12li4. They cost the syndicate
f0ii5. which would show net profit OF
II points In the operation, amounting IN
all TO s19.5iO.O00 1t would not be fair 10
say that the syndicate made that mueh
out OF the operation. but IL Is very safe
to estimate its profits at 100000. The syn
dictate Is hurrying the completion OF MS
present deal with the government. Ii de-
posted over $4,000 today. which Will
bring the reserve up to nearly s950O.Oo
II will not have 10 complete these pay
nnents until after the first OF August, but
the operation may be closed up within
few weeks. That will leave the syndicate
o free field.