Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-03-31
Now Bill King Keep. NJ. s..t Account

- LN
Tho following from The pen OF q col.
respondent Of the New York Tribune
written from Washington tho 18th inst,
viii be found racy reading:
Tho Hon. VIM. 8. King IL still in
Washington. protesting his innocence OF
any improper action in regard to the
Poetic Mail subsidy. and promising q
full vindicaion. Mr.. King says that he
has not yet been interviewed by n
newspaper correspondent, and has not
said Q dozon words 10 any one which
could be used ~ the basis for an inter.
view. Some Of Mr.. Kings friends still
seem to havo faith in him. Ono Of
them said to-day that Mr.. King would
clear up all the dark corners and make
everything 30 plain that no question as
10 his admission Into the mort House
would be raised.
"But he got the money" interposod
q bystander. 80 -
"Of course; but not for anything he
did In the way Of corrupting members
In behalf Of the subsidy. He had some
dealings with Mr.. Stockwell. and the
latter guaranteed him q profit on csrtain
stocks and bonds. OF course he mado
$l25. 900. and Mr.. Irwin paid II to him,
but not rs n corruption fund"
''Then why did he 60 to Canada2"
"Ho had tho very boat Of counsel,
and he went by advice; but when the
House meets next Winter no will volnn-
tarily 60 before tho committee, cithor
with Mr.. Stockwoll himself or with his
sworn affidavit"
"But there Ia tho bank account" in
torposed n correspondent. who was lis.
toninG; show does no get over that2
Ho swore positively that no mover kept
o bank account anywhere. and Jay
Cooke and Co.. books showed that ho
had n hero In Washington, and / havo
heard that no had other bank accounts
in New York and 81. Paul. How will
he explain thaty"
Easily enough" was the reply. 'Ho
never did koep a bank account In tho
sense In which the term il ordinarily
used; that is, ho never mado deposits
and then checked agninst them. He
was always short Of money, always CIV
ing notes, and always having hard work
to pay them. For instance. no would
DO in Minneapolis and need ~ 5000; no
would give his motto for the amount pay
able at Jay Cooke & Co. sin Washington
In GO days, and get II discounted. When
II became due, ho would seldom havo
the money 10 pay, and so no would draw
on O bank In 81. Paul ct throo days
sight, and deposit tho draft with Jay
Cook & Co. to pay the note. At the
same time he would write TO tho st.
Paul house asking thom to honor his
draft. to draw ON him personally at
Washington for the amount, and telo-
graph the fact to him. In this way no
would put of tho payment Of the money
for at least two weeks, and in the mean
time he would raiso the funds TO meet
tho last draft. In the course Of these
operations each bank would make sew
eral entries In their books urder an &C
count bearing his namo, q fact he never
thought Of when ho testified before tho
Committee. You sco TINT tho oxplhna-
ton is simple enough. Lie will come
out all right yet. take my word for IT,"
"Tho explanation Of the bank account
Is ingenious to say the least" was tho
remark that was made In reply.
"No, II Il not ingenious. II Is tho
truth" was the answer; ''and Mr.. King
says that II tho accounts in jay Cooke Il
Co. y books had been put in evidence
and an exnlauafion Of than naked for.