The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-01-08

CHICAGO. Jan IA special from
washington. D. c.. says: Now comes the
important information from Mr.. Nor
gan who has formed or is forming bond
syndicate that he will take all the bonds
offered by the government or none. This
IS his ultimatum.
The experts in finance know what this
means Here is what the best one in the
government says under cover OF con-
Adence:
THE syndicate will get the bonds be-
cause speculation is a cold blooded game.
There is no sentiment In Wall street. 1t
is well enough to speak of patriotism ana
hrotherly love among the cttlzenS OF a
nation. but those sentiments do not spring
from the hearts OF men who corner gold
Just SIS sure as these bonds are sold just
that sure viii Wall street get them A
bank in Steubenviile, Ohio, the National
sxchanEe bank, telegraphed today ofer-
ing 10 take $4,000 Of the bonds at LIZ
Other banks, 1 am told, have sent SINH
lar messages to MIR. Carlisle. A dozen or
more of them were received before noon
But there were no messages from New
York or from Philadelphia or from BoS-
ton. Those cities harbor the men who
control the GOLD OF this country. Lhey
may not have ii themselves, but they
have a way of getting 1t. When you
have learned the intrlcacieS OF finance
YOU will learn that the bankers and
lions and connections reaching across
the sea, can band themselves together
under the present laws and manipulate
the gold reserve OF this government az
nicely as an engineer manipulateS his
There is q belief expressed in other
Quarters that in the end the syndicate
viii control this bond issue just as it
did the last. 1t is thought that while
the public may subscribe TO some eX-
rent. the great f1nancters, the men who
would have formed the syndicate, viii
go together and make a. price for prac-
fically the whole issue which would be
higher than the average individual would
care TO give, and Which would compel
the secretary of the treasury TO award
the bonds 10 the combination. Secretary
Carlisle was prompted to write his bond
cali by news which he had received from
Secretary Clney, who had been in New
York and who was then on his way to
Washington. Just before O'Clock Sun
DAY night Mr. Olney reached Washing
ten and was driven Immediately to the
white house a few minutes later. Mr..
Carlisle and Attorney General Harmon
were summoned to the White House by
telephone. Then Secretary Carlisle read
ing from the notes he had made at his
home, dictated the call, which was later
made public. What Information did Mr..
Olney bring from New York? That is
a question not SO easily answered. The
men who know are few. The private
secretary to the president was besieged
for information on this point and In
reply to ali questions he remarked that
he belonged to the great majority who
knew nothing. Soma of the men whose
opinions are worthy, believe that Sena-
tor Elkins' resolution which was dis
cussed 50 warmly in the Senate Friday
afternoon was responsible in part for the
sudden issue of the bond call. BY this
resolution. Senator Eiiins sought to de-
clare the sense of the Senate to be
against the sale of bonds to a syndi-
cate. OF, in other words against a private