The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-01-09

loans that he insisted and contehded
tilat for thirty days the people should
have the right to subscribe before q
syndicate could take the bonds oven on
q commission.
II The secretary OF the treasury and
the President OF the United states are
TO be believed us TO the condition OF the
treasury the government Is not IN q 20
sItion TO lose $5,0OO,000 or SlO.OOOVVO py
selling bonds under d private coh l'tts,.
TO d syndicate. The government needs
this money IL II is In o state bf bank
ruptcy, us charged. No transaction IN
the history OF the government invited
such adverse criticisms and comments
all over this country as the Donu
transaction in February, 1895. Ameri'
cans were Inundated 10 see Hyndl:
cnte virtually tniSe possession or ana
enter into n contract TO manage the
finances of the government for Si%
months. The best opinion OF people
on this subject was that this govern-
ment should make the profit that the
syndicate made; and l hold now that
the people would have bought ponds
from the government Just as readily as
they did from the syndicate, only inc
opportunity was not offered them.
/ am told-I do not know how true II
is-thnt this contemplated loan OF 1900,
0O0,0o has already been 0versubscribed
In New York, and the syndicate Is even
now counting on i05per cent proht that
they win make ON the government
Are we TO sit here silently and not pro.
test against n transaction OF thla kihdI
It Is said in the New York Tribune OF
January /, which will read from, that
one banker coming from New YORK 70
Washington and returning WIN me
privilege to float this loan. charged ST.
100000 for getting the contract, Desloes
the profit that no and his colleagues
In the syndicate will make, which VIII
be about $l0,O00.OO0. These sums are be-
yond the comprehension OF the plain
people of the United States. Where are
we drifting II people can mako millions
and tens OF millions in q few daysT
And It is easy to be made II the great
government OF the United states, the
richest in the world, stands behind them
with Its wealth and enormous credit.
on this subject OF the profits OF the
syndicate do not want to insist on my
own Judgment on the premises. but |
wnnt to read from the New York World,
the leading Democratic paper In the
United States. 1t gives every Item OF
profit and every item OF expense. and II
figures out that on the transaction that
was made and concluded In February
there was $s,000,0o0 made, and on the
transaction that Is now under consider
alton, the sale OF 100000. coo, there will
be 81, OOD,0 900. The total Will be 81, l6S,-
75T. The World also in Its Issue OF to-
day offers to take $l,000.000 OF the new
loan at, ] think. III. and We nii Know
MIR. Pulitzer. Its able editor and owner.
Is amply able 10 make good any oher ne
makes.
From the New York World Of Jan. I, 1895.
,,ot,r,.N, I,r, AZ 70 ppOL,trre FOR ISQ5
Mof'iAN "a ~ . t'Nf - -, - 80
count tG " J. hi Picrpon, MeEssn and his asso
ciattd gold brokers With the govcrnTent
OF the United States VIII Hhow inc loiiOW.
iSSt:
HOW THE ACCOUNTS STAND-FIRST
TRANsACTl9N-LoAE OF FEB
fuAhi 10 LAST
Face Of 6Z'SiScV'
Morgan-BeImoht paiu Ni'a' a' -o- n,a
premium '''''''' ''''''''''''''''' -,.S..g,"
limited st,tcs rot. Cj,ll2,si3
Morgan. belmont got from bank
ers syndicate at ll2is,;;.,...,;. GS'1S'aS'
MORGAN. Belmont Syhdicate's , ~.
hrSt ptous i;o;: 70; from
b 1miS,n n, i is ses 49, 7s.Ssl.1 200
Rnnksr!s syndicnte's second
profit ,,,,.,,. ,.......,....,.... 35SS,li5
UaIted States lost BY tTnnSac'
ton and the BOND synlleaIe
nIa'e IN apparent 'ieSF PFo"' SDs757
VI inur,pcsy,
sES01ND Afti IS,ETSsSS.a.[tpI!fS >, "
- -, 80" .,eoosn AN
race OF loan Mt'h $V''VV''VVVS too e,O mn
Ntar,,,, ~ n sySIicctS manager.
nnyS about i6iS prCnium..,... $4,000
tinted States vii get ............. 1Oi. 900
Morgan syndicate Will get from
public premium OF u'ls Ses- ,,- .oo an
HraayE mSrket price ,:. ,;i::; H''''VV''
M ,1ris5t ""N ''''S' ie75DO 600
Morran and other bnnkers'
profit In February. StlS,I5I
--
Total for 1885 u new con- n, $50 -.
traet IS aecepieu''''''.'''.'' %i,EN'''o'
know It Will be said that this Is
newspaper talk: but Will any senator
deny Il? The allegation Is made. How
Is anyone going to deny 1t any. more
than l can prove III The trouble Is,
as said before, that this comes from
vicious system OF allowing even so
great man. and SO great IN officer
as the President OF the United states,
20 make a private contract 10 float a
great loan. hold that II 10 better not
TO put 1t in the hands OF q syndicate
even II the government did not make
as much. We would then have the
satisfaction Of knowing what we are
doing. and how the business OF the gov
eminent is being conducted.
Can any senator or any citizen tell
anything about these enormous profits?
The people should be taken into the
confidence OF the executive Public SCR
wants have no right 30 make such great
transactions without letting the people
know all Of tho facts. II seems to INC
that II would have been wiser and
safer for the President to have said, as
Congress was in session, White be-
lIeve there Is a great emergency,