Event

Morgan–Belmont gold contract of 1895

Contract of 8 February 1895 under which two banking groups sold the U.S. Treasury 3,500,000 ounces of gold for 4 per cent bonds.

6 links, 2 backed by primary records

Connections 6

J. P. Morgan & Co. party to the contract Self-published 2
August Belmont & Co. party to the contract Self-published 2
N. M. Rothschild & Sons London house for which Belmont's firm acted Self-published 2
U.S. Treasury buyer of the gold Primary record 1
Grover Cleveland President who made the contract Scholarship & press 3

Timeline 1 date

Proof 3 sources

Special Message to Congress on the gold reserve and the sale of bonds, Grover Cleveland (text via The American Presidency Project), 8 Feb 1895. Primary record
the details of an arrangement have this day been concluded with parties abundantly able to fulfill their undertaking
Presidential Problems, Grover Cleveland, The Century Co. (text via Project Gutenberg #56060), 1904. Self-published
an agreement was made by which J. P. Morgan & Co. of New York, for themselves and for J. S. Morgan & Co. of London
and August Belmont & Co. of New York, for themselves and for N. M. Rothschild & Son of London
The Golden Touch (John Steele Gordon), American Heritage, Winter 2010, 2010. Scholarship & press
I have come down to see the president, and I am going to stay here until I see him.

Page history 1 change