Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-01-07
MORGAN HEARDFROM
The Syndicate Must Have The Whole
Bond Issue on Nothing.
NO SENTIMENT IN WALL STREET.
The Governments Gold Reserve En-.
tIrely at the Mercy Of Few
finAuclefs.

CHICAGO, Jan. IA special from
Washington, ID. g.. ssysi
Now comes the important iniorma.
lion from Mfr. Morgan who has formed
or ia forming a bond syndicate, that
he will take all the bonds offered by
the government or none. This 10 his
ultimatum.
The experts in finance know what
this means. Hear what the best one
In the government says under cover Of
confidence;
"rhe syndioato will got the bonds,
because speculation IL a cols-blooded
game. There 4. no sentiment In Wall
street. II is we'll enough TO speak Of
patriotism and brotherly love among
the citizens OF a nation, but those
sentiments do not spring from the
hearts Of mon who corner gold. just
"a sure rs these bonds are sold, Jue. that
sure will Wall street get tLem. a
bank 10 StOubenvillo, Ohio,
tho National Exchange bank,
telegfaphed today Offering TO take
$40, 900 VI tho bonds NJ sl.l2. Other
banks, I am told, have sent similar
messsg,s 10 Mr.. Carlisle. A dtzen or
more OF them were received before
noon. But there were no messages
from New York or from Philadelphia
OF from Boston. These cities hAtbor
the men whe control the geld OF this
country. Tbey may not have II them
selves, but they have a way o. getting
II. When you have learned the intri-
cacits Of finance you Will learn tnat
the bankers ana brokers Of New York,
with their sfil liAtions ana connections
reaching across the sea, can band
themselves together under the present
laws ana manipulate the gold reserve
Of this government ~ nicely ~ an
engineer manipulates his throttle"
There Ia n belief expressed In other
quarters that In the end the syndicate
will control this bond Issue Just aa II
did the last. IL In thought that while
the public may subscribe 10 some ca.
tent, tbs great nnancierr, the men
who would have formed the ~ Indicate,
will 20 together aud make n price for
practically the whole itrun which
would DO higher thau tile average indi-
siuual would care to give, aud which
would compel tho secretary Of the
treasury to award tho bonus TO the
combination.
Secretary Carlisle was prompted to
write HIS bond call by news which he
had received from Seer,ia J Olney
who had bocn In New York and who
was then on HE way to Washington.
Just before 9 o'clock Sunday night Mt.
Olney reached Washington and was
driven Immediately 10 the White
House. A few minutes later Mr.. Car
Isle and Attorney General Harmon
were summoned to the White House
by telephone. Then Secretary Carlisle,
reading from the notes no had made nj
his home, dictated the call, which was
later made puOlic. WHAT inioTmatio n
did Mr.. Olnsy bring from New HJrkg
That IN q question not 40 easily an-
swered. The men who know are few.
Tho private secretary TO the President
was besiegeu for Information ON thi,
point, and In reply to all questions he
remarked that he belonged 10 this
great majority who knew nothing.
SEINE OF the men whose opinions are
worth something believe that Senator
ElkinJs resolution which was dis.
cussed 60 warmly In the SENATE Friday
afternoon was responsible In part fol
the sudden issue OF the bond call
by this resolution Senator Elkin,
sought to declare tn . sense OF the Ssn'
ate TO be against the sale OF bondr TO q
~ indicate, or, In other words against q
private sale. This resolution rests on
the calendar Of the Senate as un n nishe ed
business, to be taken up nj noon today