The midland journal. (Rising Sun, Md.) 1885-1947, 1897-09-03
A Vital Exposure.

question is taken from recent issue o
the Daily Financial Meas, published il
New York The article was written by
Jno. M. Bachelor, a we'll known writer
on financial matters. We will add here
what is not told for obvious reasons in the
Financial Meas, that these five brokers
are part of the Jew Rothschilds gang O.
bunco steerers of the world The ignor
ance of our people which permits this
gang of thieves to continue preying upor
them is "sin and shame"-
July 80 last we gave in this column an
outlined description of how five brokers,
forming a coterie all by themselves on the
London exchange, put upon silver, i'll an
arbitrary manner, the worlds quotation
we daily get, and which the governments
of the world look upon as Legitimate
auction value, due to supply and demand.
This view of the governments con-
cerned, as we'll as by the majority of our
home exchange traders, is a very large
error in point of facts. These facts are
here put i'll print for the first time:
"The alluded to five firms Of London
brokers are merely the instruments of a
large organized body of exchange and
money dealers and large number of
commission housas in all lines of goods
now located in all the principal cities of
the world, but acting together in concert,
'The five London agents are ordered
day by day by the manager of this aggre-
CATION of banks, commission houses, ETC.,
etc, to put quotation upon silver which
affords the organized body the greatest
imnediate-not prospective-pro6t.
cit is said by American financiers that
this daily silver quotation is the result of
demands for silver by the Orient as we'll
as by all who consume it; that wheat
cotton or something being shipped from
the Orient, etc, is literal call on these
five brokers i'll London for silver; there
fore, these daily quotations are legitimate
auction value.
THAT is another large error of fact
and shows that the mentioned financiers
do not understand how the thing is done
The Orient never runs to these five Lon
don brokers for silver in spite of all our
government reports saying it does But
these five nanipulators, being the only
bidders for silver OH the London ex-
change, are the agents to hand silver over
to their principals at the daily quotations.
THE principals are the commission
houses, etc, which take this silver to the
Orient, to Mexico, to Peru, to Argentina,
to Japan, ETC., and there exchange it for
the legal tender money of those countries,
or have it so coined and with such legal
tender these commission houses buy
Oriental spices, teas, silks, coffee, cotton,
wheat, bric-a brac, etc; i'll fact, every
thing these silver basis COMMITTEES produce
Said commission buyers take their pur-
chases, which foot up in the hundreds of
millions in value, back to Antwerp, to
London, to Amsterdam, to Paris, to Ber-
lin; i'll fact, to every European, ETC., cen
ter where such goods can be sold in the
ordinary course of trade.
"Thus it should be seen by the reader
that the quotation for silver can be made
manipulative means by which this
coteries of commission men, ETC., pay
less for silver-basis country products
when silver is forcibly reduced by or
through manipulation of the five Lon
don brokers from 90 to so cents all ounce,
that means the commission men buy such
Oriental products, etc, for that much
less, Their profit is that much increased
about rs per cent-in selling these same
Oriental products in gold basis countries,
because said commission merchant pays
so much less gold for his silver to buy
said Oriental products.
Thus it should be seen all this business
is not case of call for silver by Oriental,
etc., countries. On the other hand, said
commission men carry their silver to the
Orient without any call.
''Nor is this case of the difference be-
tween tweedledee and tweedledum. In
stead it is case of having cost our
| United States producers thousands upon
thousands of millions of dollars in the
shape ofsaid coterie playing upon the
ignorance of our American exchanges as
well as upon the ignorance of our gov
eminent in our having so long permitted
this strange condition of affairs to rule
our market prices.
$50 it is not question of demand and
supply of silver bullion that puts the daily
quotation upon it; instead it is direct
manipulation to increase the profits of
said coterie by illegitimate means. This
coterie existed before silver began to de-
cline in 1873, but they saw profit to them
selves in getting Europe and the United
States to demonetize silver, so they could
reap the difference in exchange due to
differenre i'll value of the two bullions,
they being then the only bidder for it.
But this profit above described is only
part, an incidental, of the whole story.
The main advantage to this coterie is in
forcing silver out of nse as money, so that
they, owning or having demand call on
all the gold, can demand their price for
gold when governments want it for war
or panic purposes.
I'm other words, they by such means
hold the whip-handle over all govern