The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-03-25
Another Chapter i'm the Career Of Ht1a
King.

Another Chapter i'm the Career Of 1ff1a
King.
washington Special (March 15) N Y.Tribnne J
The Hon. VIM. S. King is still in Wash
ington, protesting his innocence OF any
;mnroner action in regard to the Pacific
Nail subsidy, and promising q full vindi-
Zion. MIR. King says that he has notIyet
been interviewed by any newspaper
CORRESPONDENT, and has not said q dozen
words to anv 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.
"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
guaranteed him profit on certain STOCKS nan
and bonds. Of course he made Sl2o'ooo'
and Mr.. Irwin paid it to him, but not as
q corruption fund.- -,
"Then whv did he 20 to Canada y
"He had the very best of counsel, and
he went by advice but when the house
meets next winter he will voluntarily 60
before the committee, either with MI
Stockwell himself or with his sworn am
davit.' =,
"But there is the bank account, in
terposed correspondent, who was lis
tenlng: show does he get over that! lie
swore positively that he never kept,
bank account anywhere. and Jay Cooke
&Co.'s books showed that he had one
here in Washington, and | have heard
that he had other bank accounts in New
York and st. Paul. How will he explain
that = <.r
. "Easily enough" was the reply: "He
never did keep bank account in the
sense in which the term is ordinarily
used that is, he never made deposits
and then checked against them. he wa!
always short of money, always givins
notes, and always having hard work &c
paw them. For. instance, he would DC II
Minneapolis and need $4,000; he woult
give his note for the amount payable a
jaw Cooke & Co. sin Washington in sixt!
days. AMI get it discounted. When tn
note became due, he would seldom hav
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 4 20. 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 Washingto
for the amount, and telegraph tn
fact to him. In this way he would pu
of the payment of the money Tor at leas
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 mamie, fat
he never thought of when he testified b
fore the Committee. You see that II
explanation is simple enough. tie WI
come out all right yet, take my word &c
t."
"The explanation Of the bank accou'
il ingenious to say the least, was the r
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 4 70.
books had been put in evidence and
explanation Of them asked for, the matt
would have been made as plain as day.