The New York herald., 1874-12-31

~ ho whs MEMBER OF tn pre-
ceding, or Forty-frst Congress- and |. ansm-
Der the present, or Forty-third Coneses but
ne was not in that body when the Paciddfail
subsidy was passed. There seemed tobs
misapprehension on this point amorc the
people who hung around the committs pom
yesterday, which caused the testimony
Bunker to make q greater sensation Ia, il
would had 1t been understood that MrSehu-
maker was not in Congress at tho the of
handling this money.
But Notwithstanding this circun,staAe in
abatement Mr.. Schumacher is placedln =
most unenviable light by the testimony .ken
yesterday. The HERALD wishing to givhim
an opportunity to explain and to enablhim
to send forth his vindication with the puhca-
ton Of the testimony, sent a reporte to
Brooklyn yesterday afternoon, who madeil
gent but unsuccessful efforts to find him. Il
was said at his Office that he had returne 10
Washington, which seemed improbablein
view of the fact that Congress does not Ms
semble until the 5th of January. Inquies
were also made at his house, whose inm@s
had no knowledge of his return to Washig-
ton, and accounted for his absence on the So
position that he might be on visit to il
mother at Claverack, in Columbia coun.
1t is strange that he should go either to Waa-
ington or Claverack without informing II
family If the transactions in which he
proved to have participated were innocent an
honorable he will hasten to present himsf
before the committee as soon as he sees tb
city papers Of this morning, and will explai
without reserve his connection with this SUI
picious business. AS he has all alon
known that he possessed some of the know
edge which the committee are in quest of
would be better if he had gone to them in ad
vance, without waiting this awkward detec
ton, and presented himself as voluntary
witness in the earliest stage of their proceed
ings. If he does not communicate with the
committee to-day, either by telegraph or in
person, and offer to swear to all he knows,
suspicion will be apt to deepen into belief
We trust he will appear before the committe'
to-day and establish his innocence, notwitb
standing appearances are so much against hin.
The PRESIDENT AND THE STOCK-JOBBn0
DESPATCH. have despatch from Wasa-
ington explaining the connection of the Prsi-
dent with the stock-jobbing despatch CENT
from the Associated Press and cabled to Ion
don purporting to give the views of the
President upon Cuba. This despatch, il will
be remembered, made profound impression
in Madrid, menaced our good relation. with
Spain, affected the money markets in Europe,
drew from the London Times sn in
dignant comment and from Baron Reuter-
an abject apology. AS this despatch
came through the Associated Press
to the HERALD; as it was false, mischievous,
stock -jobbing despatch, we Of course are
bound to make inquiry as to its origin. We
are told that it came from the White House,
and that the President gave it on: for publica-
ton. This statement the Washington agent
confirms in despatch printed elsewhere. OF
at least we understand him as confirming 1t.
This matter must not be allowed to drop.
We must have the whole truth about it. The
President under the direct charge of the
Washington agent of the Associated Press, il
accused of having dishonored the country.
What answer?