People's Pilot, Volume 4, Number 40, Rensselaer, Jasper County, 23 March 1895 — THE BOND CONSPIRACY. [ARTICLE]

THE BOND CONSPIRACY.

Cleveland Scored by Financier ■!: ~ and Syndicate. New York papers, as e ery i I ' expected, say Mr. Morgan i-a to disclose who the success?. >1 s scribers to the new bond issue were what the amount of their allotments was. The arrangements for the big “bunco” game were made secretly, and Mr. Morgan is not the man to divulge secrets. The only information Mr. Morgan would give out yesterday was the fact that the subscriptions for the new bonds amounted in all to $759,009,000—5200,000,000 here and $550,000,000 in London. That is certainly an enormous subscription for a Mttle over $62,000,000 of bonds, and Wc.il street commented on it freely, taking the ground '? that it showed emphatically that the credit of the government was sill unimpaired. As soon as the announcement was made by Mr. Morgan that the subscriptions in this country amounted to $200,000,000 the price of the new bonds reached 120%. The storm of indignation which is sweeping over the country on account of the miserable Cleveland-Carlisle-Morgan- Belmont Stetson conspiracy tc defraud the government out of millions, is growing louder as day follows day. Persons who seldom think about financial affairs are eagerly discussing, and as they now see clearly the wicked character of the bargain, warmly de nouncing the inexplicable conduct o. Cleveland and Carlisle. “Is it such a small thing, Mr. Cteve land,” the people say, “that you practically place o. er $9,000,000 in the hand.of this syndicate without offeri ,-g to us, to whom this greet sum belongs, same reason for doing this'.” Mr. Cleveland would probably not be much pleased if he could hear the remarks that are made about him "Stetson,” said one man: "surelv Francis Lynde Stetson, Mr. Clevelandpersonal friend and law partner, is i . i this soft thing, isn’t he?” It seems as if people will never get tired of asking why Stetson was such

* a close party to the peculiar transaction. They still ask the same quesi tions about him. and can not under- ; stand how Mr. Cleveland could have consented to his intimate friend being mixed up in the disgraceful affair. They say he must have known that there would be a great outcry when the ■ country fully understood the nature oi the transaction, and he should have I avoided anything which might make people think there was something ■’cooked" in the deal. When there were men employed by the government to do i the work, they say, he had no excuse i for allowing Mr. Stetson, who is not ■ only his law partner, but is also the legal adviser of J. Pierpont Morgan, to draw up the contract and witness the I paper. They declare that they will not be satisfied until the whole busii ness is fully explained.