The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1874-06-20
THE STATESMAN RAMPANT--.s ONE
OF THE PItOPRIET0Rsv WRIT
ErH-THE WORLD, GOVERNOR
COKE AND rHE ExAMINER TItEM-
RLETH.

"
man, in his issue of the 18th, repro.
duces our "Austin Ring Public Artis
cle," and proceeds to decapitate in
style which would bring tears to the
eyes of the veriest scalper that roams
the broad plains toward the setting
SUM lie says we have been SANDER.
Jog the people of Austin. We have
been telling some unpleasant truths
about the Statesman, the bankers and
warrant grabbers OF that city. OF
course we do not know all the parties
engaged in open traffic in deprecated
State paper. But they themselves
know and are more than welcome to
appropriate just as much OF our
structures as will fit their Individual
cases, and this suggestion. our friend,
the Statesman, is heartily welcome to.
One circumstance is we'll understood,
one feature of this traffic in the war-
rants OF the State we will give: This
paper, as soon as paid out, drifted in
the direction of the State Treasury,
very naturally. 1t was bought by
the local dealers there at rates inf
nitely below its lace value. 1t was
held until some moral sheriff arrived
with the hard-earned taxes of the
country people, to pay into the
Treasury; these fellows, these wars
rant jobbers, with watchful eager-
ness, pounced upon the officer,
bought his funds with their warrants,
and the officer then paid the warrants
so obtained, to the custodian OF the
revenues of the State, at par. 1t is
fair to inier that, IN many cases,
there were two sets of commissions
paid IN the transactions. The officer
bringing the money might be in
duced, by a five per cent. margin, to
expedite matters, and the Treasurer
by similar toll, could be indu Led to
finish the transaction, the margin be
tween the buying price, and the face
valuation, being of sufficient width to
justify the two five per cent. lcks at
it. Now the Statesman and those
warrant jobbers are richly welcome
to all the benefits of this little eluci-
dation. 1t is wanton misrepresen-
tation to say, that we charge every
citizen of Austin with these disbonor-
able practices. We do not, but there
are some OF them upon whom it will
be fastened inevitably, whenever they
think they are Saisrepresented to the
extent that their wounded honor must
be salved. We quote the "propri-
etor:
Again, when State finances were
under discussion in the Legislature, and
the Governors warrant-retiring scheme
was being warmly urged by him, the
Statesman dared take issue and oppose
plan, the evil effects of which have
already been experienced.
Yes, unquestionably, by the sharp
operators in those same retiring wal.
rants alone. The evil to them, by
this scheme, was undoubtedly fraught
with effects dire and grave. The
Statesman's nerve In opposing
schemes which might defeat its hopes
of gain, is well understood. And
again the proprietor says:
The Governor has persistently de-
clined to call into his councils any of the
financial men of Austin, though there are
those here widely looked upon as gentle
men of high standing, ability and worth,
whose advice would have been valuable.
How innocent)y he let's the cat out
OF the bag, and how completely the
above extract establishes the charge
we have made, and how plainly it
appears what class of citizens of
Austin we were making war on,
and how false, that we charged the
people Of that city, indiscriminately
with these reprehensible practices, and
with fawning and toadylng the new
Governor. "The financial men" they
have the trick OF blending the supple
hinges of the knee. that thrift may
follow fawning.'" tits a great pity
that such vigorous effort came to
naugh,; was lost, and worse than
wasted.
If the policy. of Governor Coke,
financial and otherwise, experiences no
heavier opposition than the States
man is likely to array against it, it
and he, are both safe for all time. 1t
is shame that a proiessed Democrat
and one whose orthodoyv has