The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-03-25
Another Chapte i'm the Career Of XIII
King.

Another Chapter in the Career Of Hia
King.
washington Special March 10y N tribune
The Hon. VIM. S. King is still in Wash
ington, protesting his innocence OF any
improper action in regard to the Pacific
Mail subsidy, and promising full vindi-
t;on. MIR. King says that he has notIyet
been interviewed by any newspaper
correspondent, and has not said a dozen
words to any one which could be used as
the basis for an interview. Some OF Mr..
Kings friends still seem to have faith IN
him. One Of them said to-day that MIR.
King would clear up all the dark corners
and make everything SO plain that no
question as to his admission into the next
House would be raised.
ssBut he got the money" interposed
bystander.
s.Of course; but not for anything ne
did in the way of corrupting members IN
behalf of the subsidy. He had some deal
ings with Mr.. Stockwell, and the latter
guarantee him profit on certain STOCKS an
and bonds. OF course he made Sl2o,OoO,
and Mr.. Irwin paid it to him, but not as
q corruption fund. -,
"Then why did he 60 to Canada
ssHe had the very best of counsel, ana
he went by advice but when the House
meets next winter he will voluntarily 60
before the committee, either with MI.
Stockxell himself or with his sworn aftl
davit.'
"But there is the bank account in
terposed a correspondent, who was lis
tenlng: show does he get over that! Tie
svore positively that he never kept
bank account anywhere. and Jay Cooke
& Co.'S books showed that he had one
here in Washington, and | have hearc
that he had other bank accounts IN Ne"
York and St. Paul. How will ne explain
that p
"Easily enough" was the reply. "He
never did keep a bank account IN tne
sense in which the term Is ordinarily
used that is, he never made deposits
and then checked against them. lie wa
always short of money, always givln!
notes, and always having hard work te
paw them. For instance, he would DC II
MINNEAPOLIS and need $4,000; he woul'
give his note for the amount payable
jaw Cooke & Co. S in Washington In slxt.
days, AMI get it discounted. When tn
note became due, he would seldom nav
the money to pay, and so he would draw
on a bank in st. Paul at three days
sight, and deposit the draft with ia
Cooke & Go. to pay the note. AT tn
same time he would write to the st. Pau
house asking them to honor his draft, t
draw on him personally at Washngto
for the amount, and telegraph tn
fact to him. In this way he would pu
of the payment Of the money for at lcas
two weeks, and in the meantime he woul
raise the funds to meet the last draft.
the course of these operations each ban
would make several entries in their book
nnder an account bearing his name, fa'
he never thought of when he testified b
fore the Committee. You see that tt
explanation is simple enough. He WI
come out all right yet, take my word &c
IT,"
'The explanation Of the bank accou1
is ingenious to say the least, was the
mark that was made in reply.
mo, it is not ingenious,it is the truth
was the answer; ''and Mr.. King says tn
if the accounts in Jay Cooke d 20.
books had been put in evidence and
explanation of them asked for, the matt
would have been made as plain as day.