, 1869-02-05

FOUNTAINS nc clad, to crush the quartz wah
shich 1hest sarne mountains are nllEa. anu
ct me add, the University Of Chicago Or
one other kindred college, needs to estaonsn
thorough school Of mines.
With The proper fostering care there Is no
.eason why Chicago should not be maae Tue
po,pt Of scientific knoWledge,
~ well as The eutrepot Of commerce for tao
y hole West.
WASHINGTON. !
asr. Juddss E3ili 10 Pfouin1s eFes m
Hspr1A&inna OF 6oAds or eaci@-A& \
Etshsssn HuaArtd TneuA&na Dollar
Grab Il Our n11aon.1 GreAsuTy.
Special Lozsespordaree Of The Chicago Tribune. |
WAsu1. oron. Feb. J.
The bill 10 prohibit secret tales OF manlp-
ulat!ons Of bonds and gold BY outside com.
mission brokers, On others. on account OF
the United states. introduced yesterday y
M1. judo, brings to the attention Of tnc
House the most important subject Of the
present session.
While uo4ny Of our legiatators arc Justly In
cens ed By the practice Of certain stoek Galn-
blezs, who, v henever larger amount oi cur
rypcy than usual Is needed 10 move crops !Jr-
ward, take advantage Of the occ asion 70
"loek up'' all or portion Of what they
own kr control, In order to mike money
tight, Ar. Juddls not foFgetful OF the TACT
that jor the past feS years onF entire "a
uonsl debt OF over two thousand million dol
lars, has been C instantly manipulated oy
little ring Of brokers' for precisely the same
Il stock gamblers have no right 10 use their
own CT b r7owed NJ neg to - corner or
sbulln aud 'besr " our markets, tue Sec
&c ars Of the Treasury should certainly be
The same sr similar purposes. The facts Of The
case may be stated numerically as follows:
|. 4 large portion Of cur national debt has
hcen placed upon the markets Of the world
1t ditcount Of ffty per cent-gold being
the STAT dard--bY the employment Of outside
~ transferred TO be sold, OF converted from
other lt.tms on commls' ion.
2. Afler the debt has once been placed
n on the market. large porttons have: been
| reconre11ed again and sEaln Into other soFuos,
| by mears of secret Transfers. purchases, ssles
| Treasury department., who happened 70 be
! al tht time tn favor With the Sacsetary Of the
| Treasury. Large portions have been thus
maniLuiated niue times over; each mau!pu-
latIop paying the c. -mmissfou broker good
| profit or conmisslo1--sotuetlmes hutu.
s. Prsstous 10 april :1s:s, 1868, the amount
of eonmisslons paid to outside brokers' In
favor with the Secretary OF the Treasury Tor
! these conversions ard Iecopversions Of the
fof1us our natioual debt, amrtnted to the
euorulous sum OF s7,u7,4 ,4l7.40. - Is sno%n
| by the statement Of the Secretary himself,
The profits on The transactions. = Is shown
| iu debates OF Congress, cannot be less than
three umes the amount Of the com Missions,
uakipg net gain Of same IS, DIX. .0D to the
secret sale brokers for the performance of 4
| duty that, If n. cessary at all, could as we'll
Lave byen perfosmed bY the regulsr clerical
iorce ofthe Treasury Department.
4. The enormous loss to the government
as Qbov" stated, is the least Of the evil. TIT
power OF the secret sale brokers to hnctualt
The market by secretly telling millioAs Il
been accomplished, sell secretly rs muct
/ mort to make it cav; thus taking ever.
! business, whether that OF q noor nan eontem
| plating the purchase Of barrel Of t1ur,
ia1rn. about to veil bis erop, or merchan
.. enes ged In buying and >ell,L z, at disadsau
| tare. IL the eat wrong oi the y stem Hnic1
hf. Judd's bill sceks to right.
S. The last var loans Of France and Gtea
Britain were placed uron the market OF th
n1Tld at much better terms than cues g
their regular Treasury officials without. /
anS 1nstsnce, sosti1'E. 20 secret necot1ation
through b outslde commission brokers.
/ 0, Previous to 1872, tie Uniform p1actie
Of the United States Government waa I
offer Its bonds 10 public competition, awart
: Ing them to The highest bidoer. No Seer
|. tary of the Tteasury, or other official. coul
i make secret Rales and purchases throns
outside commission brokers, or In any Va
:. ute thu public debt 10 make money plenty
b | scarce a Mr. AcCu1.och has teeu cpnstanti
!. doing since be has been In Office. But II
: txieencles Of the rebellion aPpesr to justi1
d | apoiher cour.c Of actton,. though mar
D houghttul aid experienced N n eaw t
dangers aud warned the public OF threate
q | Ing peril In vain and that which Was 1rteni
: / ed IS ouly temporary war u rasurc
: | doubtful expedtsucy has beeous the esta
/ ]uhed practice OF the Treasury Department
Z :. The present system OF secret trxnhft
n oi The bends and gold belonging 10 the Unit.
States t. secret sale commission broke s. vi
= have no earthly interest III the matt
:, other than to make the most numerous co
II cEeaslne. IN yarious ways, both shc pzfueip
Il and interest Of onr nat,onal debt. and great
4 I adding to the taI.payers' bQrdtns-
y Mr. Judd's bill, like Senator Co1khn I
!, prohibt's the Secretary Of the Treasury,
{ s tns irerss % Bargains r ina ior ,ho saie, pnreha
I'd OF conversion of gold or bonds, on accou
"A Of the United ststes, through brokers I
u commission; or By any other way than
~ publicly inviting General eompet';ion' as VI
III Ure thousand Of the very first hustne
ot mcu IN Chicago, New York, fhlladclphIa a
IT. Boston hare asked Congress- to give t
:tr country legislative assurance that no Sec
=. tasy Of the Treasury shs1l bare power
70 raise or depress the capital and labor Inter
l. oi The country At will. The incoming Sec
81. tary Of the Trea4nrY Will be honest, when
4 | rpes In, and certainly will not desire
:es power. !! be becomes dtaaorcss through
re influence Of temptations surrounding him
'se ought not to have H.
- The country needs not only stcaainess .
,ot regularity, but assurance that 1t shall be
81 uaueut and not contingent upou the pleas
,er Of anY public officer.
50. The treasury ring brokers hare had Il
w. day the people, the husineaa men OF
"a country, are entitled to some c7nsiderati
.e3 It rtmsins 10 be seen wha. Congress will
.w, 1bere is ap old claim ffot 'ands bell
N: sold to tho UuIled States some time In Il
the bv the ChpctAw fndtaua) against tho Hovs
." nent Of e. .4So, ,5oe III, known - thu net
u ceeds Of the ChoctaH 10dtau Claim, that
been kicking about the lobby for moro r
re than can remember, and no" be
sor manipulated preparatory to getting sn
: to gled through the uoute duttng the nj
,, session when but few arc present.
or Tho holdsrs proposn y be liberal With
fact Taxpayers ana are willing to acct'pt
j. small suu Of 81 So $50 IS THE odd {,
1tra giTe 1t nm air Of cxacsnessl in tull satisac
ON THIS lob n.de It's appearance Ia the HI
lac late At night, during the closing hours ot
one hirty-usllh Congress, and ras qui,
inc | equt1che1, but, poshinE darnted, mani
Of Of the last session " hen It WAS sQmnarltly ,
N. out Of sight by Hon. E. B. Wa.hburns. Z
~ then 1t has been In the hands Of lts frie
the Committee Of Indian Shntrs. :
h well Informed In 1udtau matters SAY 1t
lasl been ua,d oncc and all but the regular
*ssr s hfra uni e in condemnlng !. IN tbe stror
.na terma. The Cho.tAw Indians were a
'7sss them srhelt ct the worst ktud, aud
"a a, s1,htts,ed npop the bounty Of the govern
lmit long enough, In no cAee rhonld this
mi, rions job be permitted 10 get SNUG
e Of Though Congress-. !.