The record-union., 1895-05-08
Special to the RECoRD-UNIoN.

SpeClal 10 the tIECORD-UNION.
CHICAGO. May IA special to the Post
from Washington says: The discovery is
made that there is an actual basis for the
report that the Morgan Rothschild syn
dicate is conspiring to corner the gold
market. though the story has oeen re-
garded as foolish canard. 1t is fact.
however, that brokers representing the
syndicate have been paying a premium
for the refined gold output from the pri-
vate refineries throughout the West for
the past two months. and that they are
accumulating fine gold at the rate of 81
100000 or S3,0O0,000 per month, which
represents fully two-thirds of the gold
output Of the United States.
The attention of the officials of the
Treasury Department was first attracted
to the peculiar business by the sharp fall
ing off in the deposits of the Colorado
Mints, and inquiry very soon developed
the fact that private parties were buying
the products of the refineries. Further
inquiry revealed that the metal was
bought and was drifting 10 New York,
where it is being put in store to the
credit OF the Morgan Rothschild syndi-
cate.
In order to divert the stream from its
usual channels, leading into the United
States mlnts, the private purchasers
have been obliged to pay premium G
Ii to II cents. The premium paid for
most of the gold was 4S cents; but so anx-
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 gettin g
practically the entire output of the
United States except from the extreme
western coast.
Many long headed men in Washington
and Wall street who are familiar with the
methods of the parties composing
the syndicate have jumped To
the conclusion that the tounda-
ton is being laid for another bond deal
before Congress meets again. The last
bono deal OF $52, ,00O,0O has been pretty
we'll closed out. over S5l ,00Q, 900 in gold
having been paid out of the So, ,O00, 900,
and it is generally believed that the en-
tire deal will be cleaned up before the 1st
day OF August.
Under the terms of contract with the
Treasury Department. the Morgan
Rothschlld syndicate has an option on
any new bonds that may be issued by
the Government prior to October 1st next.
The Treasury is absolutely in their hands
until that date. Ii from natural causes or
through chicanery the American Gov
ernment is obliged to issue another batch
of bonds 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. 1t was nominated
specifically in the contract signed by di-
rection Of the President. The clause in
which the syndicate agrees to maintain
the Treasury reserve leaves the syndi-
cate to be the judge as to what it can do in
the premises or to what meth DDS it shall
adopt.
Ii in the carrying out Of that moral OBJ
legation the syndicate shall decide that
the Government must issue another 500,
700, 900 or $4,000, 900 i'll bonds, the Ad-
ministration will have nothing to do but
comply with tho terms. Ii the President
does not want to issue any moro bonds
at the dictation of the syndicate, the re-
serve can be practically wiped out in ten
days; and then, if he should decide in
self-protectiOn 10 put out more bonds, he
must sell them to the Morgan-Rothschild
people. and nobody else.
The new bonds are selling in the open
market at LII. They cost the syndicate
L044, which would show profit of IL
points in the operation, amounting in all
to Sl0 $40, 600. 1t would not be fair to say
the syndicate made that much out of the
operation, but it is very safe to estimate
its profits at SS,000,000.
The syndicate is hurrying the com.
pletion of its present deal with the Gov
ernment. 1t deposited over 81 900, 900
to-day, which will bring the reserve up
to nearly S93,000,000. 1t will not have to
complete these payments until the first
of August, but the operation may be
closed up within a few weeks That will
leave the syndicate free field.
KILLED HIS THREE ENEMIES.
Triple Murder. the Outgrowth of an
Unsavory Scandal.
Como (Col.), May 7.-The Coroner's $
jury to-day found the killing of School
Directors Wyatt. Taylor and McCurdy of
the Tarryall District by Benjamin Rat
cliffe to be felonious. The triple mur-
der was the outgrowth of a most un-
savory scandal. Radcliffe lives with his
two young daughters alone. The girls
have never been allowed to visit town,
or even the neighboring ranches. Months
ago passers-by claimed to have seen
things rejecting upon the father. Rat
clitfe had dislike for the School Board,
because they had refused to build a
schoolhouse on his ranch, and he i'm
agined the members originated the stories
about him.
This week he heard of a rumor that his
daughter was IN a delicate condition, for
which Ratclif1e WAS held responsible.
Yesterday he went 10 the schoolhouse,
knowing that the School Directors would
be together. He waited while for Z. r.
CroZier, whom he also connected with the
matter to arrive. Finally he enterod the
schoolhouse and killed his three enemies.
Crozier was only saved by his tardiness.
Last night meeting OF citizens was
held at Jefferson, and arrangements
made to go to Fairplay tonight and lynch
prisoner away, and his whereabouts are
still secret.
Deadly Battle in Virginia.
SERGEANT (Ky.), May 7.-Wagoners
have brought news to this place that the
Gilley boys and Joe and Will Day met
near their homes on Indian Creek, nine
miles from Norton, Va, and engaged in
a deadly battle, which resulted in the
death of the three Gilley boys and the
fatal wounding OF Joe Day, 1t is further
reported that viii Day, ono OF the par
ticipants, is IN the Wise County Jail.
The two factions have been at war for
some time.
Fast Railroad Travelling.
CHICAGO, May IA special train on
the Erie road, which arrived in Chicago
this morning with President Thomas OF
the New York. Lake Eric and Western.
and President Mccullough OF the Chicago
and Erie on board, made remarkable
run from Huntington, Ind. to Ham
mond, Ind. The distance is 122 miles.
and the train covered it in exactly l34
minutes. Stops amounting to twelve