The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-01-07
COLD FOOTPADS.
J. Pierpont Morgan, Head of
Wall Street sBanditti,
Issues His Ultimatum to the
Government.
WANTS ALL THE BONDS
Or He and His Fellows Won't
y Take Any.
They Have Cornered the Gold
in the Country
) AND NOW ARE CONTENT
To Calmly Wait for the Bonds
to Drop.
A Wall Street "HOld-up" Says
New York World.
A Profit of 81, 100000 to be
GOu0ed from Uncle Sam,
They Have Cornered the Gold
in the Country
) AND NOW ARE CONTENT
To Calmly Wait for the Bonds
to Drop.
A Wall Street "Hold-up" Says
New York World.
A Profit of S11,O0O,OOO to be
GOuged from Uncle Sam.

CHICAGO, Jan IA special from
Washington says: Now comes the i'm
portant information from Mr.. Morgan,
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 Fexperts in finance know what
this means. Hear what the best one in
the government service says under cover
of confidence:
'The syndicate will get the bonds be-
cause speculation is a cold -biooded game.
There is sentiment in Wall street. 1t
is we'll enough 20 speak of patriotism
zens of the nation, but those SEN
timents do not spring from the
hearts of men who corner gold. Just as
sure as these bonds are sold just that
sure will Wall street buy them. A bank
in Steubenville, Ohio, the National Ex-
change bank, telegraphed today offering
TO take $12O,00O of the bonds at 112
Other banks 1 am told have sent similar
messages to MIR. Carlisle. A dozen or
more of them were received this fore
noon. But there were no messages from
New York or from Philadelphia, or from
Boston.
AThCse cities harbor the men who con-
AEOl the SOAG VI t41S 4ucH may
not have it themselves but they have a
way of getting it. When you have
learned the intricacies. of finance
you will learn that tho bankers
and brokers of New York, with their af-
hliations ans connections reaching across
the sea, can band themselves together
under the present laws and manipulate
the gold reserve of this government as
nicely as an engineer manipulates his
throttle"
There is belief expressed in other
quarters that in the end the syndicate
will control this bond issue just as it did
the last. 1t is thought that while the
public may subscribe to some extent the
great fnanciers, the men who would
have formed the syndicate, will get to-
gether and make price for practically
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 to the combination.
Secretary Carlisle was prompted to
write his bond call by news which he
had received from Secretary Olney who
had been in New York and VINO was
then on his way to Washington. Just
before o'clock Sunday night Mr.. Olney
reached Washington and was driven i'm
mediately to the White house. few
minutes later Mr.. Carlisle and Attorney
General Harmon were summoned to the
White house by telephone.
Then Secretary Carlisle, reading from
the notes he had made at his home, die
tated the call which was later made pub
lie. What information did Mr.. OIney
bring from New York? That is q ques-
ton not so easily answered The men
who know are few. The private secre-
tary tc the president was besieged for
information on this point, and in reply to
all questions he remarked that he be-
T,rrr
knew nothing. Some of the
men whose opinions are worthy
believe that Senator Elkins' resolution,
which was discussed SO warmly in the
senate Friday afternoon, was respon-
sible in part for the sudden issue of the
call By this resolution Senator Elkins
sought to declare the sense of the senate
to be against the sale of bonds to a syndi-
cate, or, in other words, against a private
sale. This resolution rests on the calen-
dar of the senate as unfinished business.
The Worlds scathIng Editorial.
New YORK. Jan, THE World says
editorially: Our news columns today
tell in a clear and succinct manner the
story of MIR. J. Pierpont MOrgan's second
''hOldlup" of the national treasury.
The Scheme is not yet fully consum-
mated, as khe exactions of the gre at
fnancier are 30 severe that the president
Is said to hesitate about agreeing to them
too quickly.
Mr.. Morgan, however, is troubled by
no doubts. He. is firmly convinced that
he and the "blin1 pool" of bankers which
he represents have sufficient control of
the gold that the government requires to
enable him to enforce his own terms.
Mr.. Morgan proposes, in substance, to
get the bonds which he thinks the gov
ernment must sell to him alone for
about 1O528, of the same class that are
now selling in the open market for
I171<. He would thus make for his svn-
dicate profit of nearly $11,OOO.OOO on
the first $100,000000, and as much more |
on .he second issue if the government |
can again be cornered within the wear
and congress shall do nothing for its re-
lief.
This is q very pretty scheme as it
stands. 1t is cold blooded "business" on
the part of Mr.. Morgan and his syndi-
GRta. Mall afroae doas mt sh..