The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1872-08-17
WESTMINSTER, MD, SATURDAY MORNING, AUGUST IL 1872

100000 Of it. These six per cents
would be called in aud cancelled. So
this bank had the use of this money /;
the truth is this national bank didn't
have this paid in at all. Another doc.
ument shows that Mr.. Boutwell, stated
that there was deposited with the
Secretary Of the Treasury an amount of
bonds equal to the amount Of certiii.
actes of deposit 10 the bank, SO the
Government was secure. The truth
is, the five per cent. bonds were not
delivered to the bank at all. They
went to work and got up the six per
cent. bonds, the Government Of the
United States holding in its own vaults
these five per cent, bonds. The amount
of money that they made by this trans
action was at least $1,000 900. Can
you justify that 7 Why did the Sec
retary provide that the five per cents
should not be surrendered until tho
six per cents were surrendered 7 The
amount Of the transaction is simply
this: The Secretary of the Treasury
Of the United States, under authority
to issue bond bearing FIVE per cent.
interest and exchange it for bond
bearing six per cent, provided it
should not cost the Government more
than one half of per cent, and the
debt Of the United States should not be
increased, made an arrangement with a
bank or syndicate by which he paid l
per cent. for ninety days, and be has
paid it a good deal longer, as he did
not receive the pay for the bonds until
long after the rinety days, by which it
cost several millions, paid to the favor.
ties ol the Treasury Department. Is
such trasaction to be justified? ?
Some of the reasons why you ought
not TO vote for Gen. Graut are his
leaving Casey in Office after lie has
done what he has; allowing Robeson,
the Secretary of the Navy, to remain
ia office when he has paid out 800, ,00O,.
900 Of money in defiance of law; allow
ing Creswell to remain, who allowed
his law partner more than S400, 900,
when lie only claimed 100000. |
don't think Gen. Grant has much TO
do with these men who virtually control
the administration Of the Government.
The truth is, Gen. Grant pays very
little attention to the Presidency. /
shall not speak uukindly of Gen. Grant
as an individual. speak of their acts,
if they are public men, as affecting your
Interests. | don't wish to make any
personal attack upon Mr.. Creswcll or
Mr.. Robson. If they allowed claims
that were unjust, then | say they are
unfit for their positions. If Gen. Grant
allows these things to 60 on then he
neglects his duty. Gen. Grant, the
moment Congress ndjourns, is of to
some fashionable place to spend the
summer. Do you suppose any man if
he devoted all his time to the public
service could thoroughly understand
the Government | would not hold
Gen. Grant personally responsible for
ali the deialcations that have been. |
know that il is said that this man
Hodge, who robbed the Government
Of more than 100000 was appointed
by Andy johnson. That didn't give
him right to steal under Gen. GRAFT,
did it'll He didn't steal under Andy
johnson. lie commenced stealing un.
! der Gen. Grant How did he get the
opportunity to steal The Psymasier
General was Gen. Brice. Audy John.
son, when President, thought him
qualified for the position, aud under
authority Of law he retained him. No
sooner was Gen. Grant elected than the
first thing he did was to restore this
man TO the position Of Paymnster Gen.
eral. The Paymaster General was
subject to indrmty as all men are. lie
had peculiar kind of infrmity, and
Hodge took care Of him, aud while in
that condition Hodge was able to steal.
but didn't We punish him My COL
league says: but that didu't get the
money back Into the Treasury. 1t is
poor satisfaction after your dwelling is
burnt down to say, never mind, that is
no matter; we will 80 aud catch the
man who burned it and send him to the
pen'tentiary. Then itisa right again. |
believe in preventing thieving. There
@ Is ~ excuse ior 'nese aelaieatlons' The
s,'; "ms' " MUSES. w " 'ha, III the civil
oo.'ioe' nen an over TINS country are
aPPoin'ea 70 once Simply because OF
.non parry a"esiance aOd hdehty in
many omees men are appointed who
are uo' qualined lor their place. They
aie aPpoia'eu because their appointment
@ ,s ueu'anasa sl py some member OF Con-
s'esS i"ey are appointed Tor the