The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-01

How he BY General schenck The leader Of
be and 4 he sscressy emp 10y ou,sdsr: he
Mr Wood Responded, fSs Secretary does not swsys wait
for appropriation by law when he carry
HOW PROPHETIC SIGNIFICANT
'ss q ss @
per cent loan and called upon General schenck for reliable
Ii.
s this % %o &c
that too without the Of agents Or obbsrs While
ProSison against he Department Indurns great
oSn oa p % s Of s%Rsns M
Further e illustrate Tie history Of ~.
e. s sss. %S
o. half Of in The Treasury I'VE soala rsdsm r. few
Colleague
while the Ways and Means conmse Nigh. ha az SOppGr
prac,sed on them the gSssss decepons for interested
ssps%sn M.y1sra q 4:
in such turbulence and spleen this truthful and pro.
Sy ssi ny siis
be against from sa', ,S Of
h.a 0ssa ".s X. doubt
S !sss ' is3s ps::ss
agents been voted down. fearful such
cam
nUM s The Ths %
not bad one WAS rightly called %ds, bin for Gre
executed q would have avoided the late qus;;
have the to
which Was claimed would have been saved bv tine Issuance
da not vote for that bill We got sometbn worse in the
that by just management and without agencies Of
80 pecasS and Sasusv T nature as this yna
least before ls7s-have been advaniareously placed
% and 40 s
have enabled sku government to fund their great debt
sLAyIsn DEPENDENCE ON FOREIGN cnrprons.
tbs prooneaon Increase Of the unmsabe calamity Of
f and % and h 0oS
supplies ca The Ground would we no, have
Would we not have Dependence upon
ss!Ss n;'
sna S' fsSss'1 such ssssaass
OF
s @ /" s. md s5 ss
reason why ,hi. country. 50 aa1usnt In wealth
the he globe ssss 'ss S sas Ps 9!
"Funds' 1881 London edition estimates the AVERAGE
four per cent the interest, as We know public debt Of
sa OF ns5 Ss
E7sl, 800 oCo, the interest is but three per cent
In time ike his when scientific and mechanical agencies
; 1S Of @
Rss 1850 English hS%s
ss'''s: "ss1 ms.:
little Iss. than ss%p"s The ;s;
epoch u Of The wod-wnen credit once psm has
S dt Ga. rule U
!. aSs G g. S Ssy rate
Greater as It. csSs. nations;
aa ?.
@ sss 1
ing TIVE @ os ns
'A''' ~ SPECIAL AGENTS AND COMMISSIONS.
" ~ he ,
July. 1870 5.46l show how hard "a. the ieeE
70 s
House and that . that the Senate had agrsea 70 the House
and is TsmsrksSs statement. view Of recent d. events
Secretary might not exceeding oneha Of per
.sng and dl.posns Of the bonds In doing this Is with
attempt TO exercise the not given to appoint special
BUT rS S VII II. 50 on employing and sy $
esso Sa Sh ss
s s s Ss .n si a
the that H aa Of ws
II, market! the way he did 70 be sure did employ
which took over sixty millions might be called
% only wa: he lie but a. mot .ssa
% h on rs through ana ss sa by the
understanding OF Congress- The Senate had agreed TO
resd
.ccumSed to the senate when they both limited the seere
tary his onehaf of per cent. So, General
schench, when before us the l2th OF July,
embraced this report Of the Conference Committee
cent OF the bonds herein authorized to pay the expenses OF
%
G Is BE 6f sss bond, be SSs or h srosS %
Of these matters should be liked in definite with
may say the Executive have I
Of r cent 81 ons
amount: scoring my ssicSS!a'lOn to s75oO00o
Ts he ssSe e Gn
for the tune being 1 would SET no such precedent
1s nn8 % Mr.
eve cents on The win not say. ave.
took h's
ss
ss II @ sss % % S,Hs
NIX % 81 &. whole s % got
iS S o ss Sns S m ,si us CO., sSss
part the transaction, including their percentages.
S en- @ :f No s
scented the view: OF the House Of in
6entnR 10 give power 10 the secretary OF the
Treasury which be exercised for the advantage of his
favorcs."
While was BY the meres catch phrases that the bill
passed for the expenditure Of the that
Its restricted to the officers of the Treasury,
nevertheless disirusted the law II might be construed In
the interest OF "speca agents and favoes;
been The minority of the Ways and Means have presented
IN this connection the facts and figures which show Just
much above the half per cent these especial agents.
have been enabled to make by the cquvoque Of the bill
the defiance of Its provisions.
Mr. oox's CHARGES AGAINST THE sYNDIoATE,
Mr. Speaker because of this remarkable condition
OF the that introduced resolution Of inquiry, charg
Ing first, illegal expenditures, and, second Of
the Debt Public morality, the wabding spirit and the
meaning OF the law interpreted BY our best nancers
demanded an investigation Men aud journals Of both
ties, and of partisan bias. demanded explanation.
Have we had ~ do not complain that
the inquiry has been defeated as proposed. It
was tho duty Of the Ways and Means to
have reported back resolution for the action of the
House. But they TO think that by making few verbal
inquiries oil the Secretary and OF Jaw Cooke that then
their province report resolution the
II the resolution worth Their Imperfect inquiry for the
purpose OF endorsing the Secretary, 1t worth more
complete investigation for higher objects Mr. Jay Cooke
of he