The Neihart herald. [volume] (Neihart, Mont.) 1890-1901, 1896-10-17

That Which Hired Two Men to Back the
United States Treasury-Patriots Who
Conspircd to Beat the Government Out
of 81 1000, ,oo0-A Word About Trusts.
In the course of his speech at Will
mington, Del. Mr.. Bryan said
Then they made the Rothschild con-
tract There was a contract by which
this government sold to private syn
dicate bonds at 1O41a which were at
that time worth 1l9 in the market
There is not private citizen who would
ever do that thing but his relatives
would have a guardian appointed to
take care of his property. Men can do
as public officers that which they would
not do if they were handling their own
money and attending to their own busi-
ness.
We were told when we sold bonds at
home we had to furnish the gold to buy
the bonds with. So they tried to buy
the gold abroad, and thus they did
not need to furnish the gold which
they were buying. 1t made little
larger circle It took little longer to
get around The one provision in that
contract which struck me as an exceed
ingly sagacious one was the one provld-
ing that this gold should be paid i'll in
stallments, extending over some months.
The beauty Of that was that the gold
could not be gotten ont until it got i'll,
and the longer it took getting i'll the
longer it took to get out. They sold
bonds and sent them across the ocean,
r;x- hc nj,
bonds that went across the ocean at
l041a came back to this country and
took gold away from this country at the
rate Of 100.
That is fnanciering That is wisdom
in financial circles, And if there is any
one here that does not see that it is wise
do not say so, because they will say you
are an ionuamus down in Wall street.
That contract contained stipulation
by which the Rothschild and Morgan
syndicate agreed for certain length OF
time to do their best to protect the treas
---v Of the United States. think that
a. -'at clause in the contract. 1t was
the Wot- - because 1t recognized
the worst claua- "Se services of those
III The contract that I'D paying a
large price for 1t was n rec,. =
that but for the purchase the service.
could not have been rendered. They
hired two .man TO back the treasury. If
this government is going to admit that
1t depends for its financial existence
upon the banking firms, one foreign and
one domestic, then tpnts itself where
those people can charge this government
/ whatever they please. [ am not much
OF a ilnancicr, but my idea is that in
/ stead CT hiring those men to let MS alone
we ought TO try them as they do any
other men who conspire against the
government aud punish them for con-
spring against the country.
Yet they issued 800, 900, 900 more.
1t was suggested that they were going
to be issued at private sale, and J. Pier
pont Morgan, who had been in the bond
deal, where they made such profit on
the bonds that he refused to tell about
when brought before committee of in
vestlgatiOn, after stating that he did it
! largely because of his interest in the
country, refused to tell how profitable
J it was to be interested in the country
just at that time. j. Pierpont Morgan
organized another syndicate, and it was
advertised that he was going to submit
q bid for various parties at about ST. %,
and then circumstance arose which
made it necessary for the president to
advertise for public bids. Did the Nor
gan syndicate put in public bid for
the same amount it would have at pri-
vate sale? No That syndicate waited
.vnttl ,,,gt I,f, . Al
bids, and then their bid was put in
more than 5000, 600 above the bid
that they expected to have put in if they
had secured the bonds at private sale
Now that is business sagacity. OF
course no financier would condemn a
man who tried to get the bonds at 105
and then had to bid 10 and fraction
and got them. If that is business sagac-
ity, then believe il is the business of
this government TO protect the people
| against such sagacious financiering i'll
stead of turning the finances over to
them.
You may call it patriotism on their
part if you will, but want that kind
of patriot to serve some other country
and not mine. If some petty individual
who did not have high financial
standing were to Try to beat the govern
ment out Of 500, they would put him
In the penitentiary and make an exam
pie out of him. But if man tiles to
beat the government out of So, 900, 900,
he becomes patriot and deserves to be
the chief guest where treasury officials
are banqueted. l do not believe the man
who manages the financing should he
the bosom friend of the conspirators
who never lose an opportunity to bleed
the people
do not say this to secure the support
of the Morgan syndicate. l know when
say that | put myself in the ranks Of
the anarchists Who is an anarchist,
according to the syndicate idea? The
man who believes III the Declaration of
Independence, that all men are created
equal and stand alike before the law.
Who is the patriot and statesman, ac-
Oording to J. Pierpont Morgan? He who
believes the masses We're made with
backs 10 bear the burdens and the few
were made to ride upon the backs of
hose who toll.
The people of this country desire