Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1876-10-19

f of the causes of the failure Of the bank
was the extent Of deialcations. Ten
of these were found in branch banks,
and amounted to at least $4,000. The
, principal irregularities and frauds were
practiced, however, at Washington.
Here the money was not stolen direct
, ", but by means of loans on dcprccia-
ted securities. Five officers Of the
Freedman's Bank were connected with
, the Ring District Government, and
loans were made on district securities
which would not be sold for anything
, near their face value The bank was
founded by q Republican Congress ad-
, ministered by Republican officials, and
stolen bankrupt by Republican thieves.
And yet the Republican party claims
TO be the especial friend Of the negro.
IN SAN DOMINGO.
Thc scheme for the annexation Of
San Domingo was originated by Gems
Ingalls, Babcock and Porter with Fn-
bens and Cazneau, two Adventures who
had secured valuable grants and con
ccssions in San Domingo from President
; Baez, which annexation TO the United
States would make very valuable. The
Senate refused, mainly through the in
luence Of Sumner, TO sanction this
scheme. Raymond II. Perry was the
principal witness against Babcock and
his annexation scheme, and his testi.
mony was so much feared that W. b.
Moore, detective friend of Babcock's,
then an assessor in Texas, volunteered
to trump up a charge of murder against
Perry, on which he could be taken TO
Texas, tried before q carpet-bag Court,
and sent 10 the penitentiary. The
plot grew too dangerous and was aban-
doned but tho letters of Babcock, Gel
Whitley and Moore prove its existence.
STRAW BIDS.
Postmaster General Creswell was in
vestigated three times, twice white
washed by Republican Congress and
once exposed by Democratic House.
The most fragrant abuse ever fastened
upon the Post Office Department, that
Of straw bids" began under Creswell.
A straw bid is bid so low that it can
never be fulfilled, which generally
throws the contracts into Ring hands
at a higher rate, or compcls tempo
rary services" at high pay, Where
the highest bid was sS00i9, the straw
bid was in one case 5000 In another
case the highest was $3.50, 900, the low.
est was SIS. This last Cresweil threw
out and yet accepted straw bid of
1920. One firm of straw bidders,
Barlow, Sanderson 4 Co, paid between
100000 and $4,000 TO influence the
investigation of the Republican House,
paid one lawyer $4,000 for influence
within the Department, and gave large
sums to the Second Assistant Postmas-
ter Generals brother, This firm OBJ
tanned o.e contract which will serve
as specimen. 1t was let to q straw
; bidder, though there was an honest
bid Of $4,000 year This bidder
failed, and temporary service was en-
gagged at s699 a day. Another straw
bid another faiure, and temporary SER
vice again, this time at S420 day,
Finally, the contract was handed over
TO Barlow a. Co., without advertising
aud in violation Of law, at sl42,000
Hundreds of similar instances could be
given. Crcswell, when be resigned,
, received a eulogistic letter from Prcsi-
dent Grant
BLACK FRIDAY.
Secretary Boutwell, reversed the pol.
. icy of his predecessor, of keeping his
intention 10 sell gold secret, and adver-
tised his sales, thus forcwarning spccu-
lators. Thisinspired prominent specu.
lators with the idea that if the sales
could be prevented for time they
could force the price up. Jay Gould
effected combination with A. II. Cor
bin, the Presidents broiher-in-law, and
with Gen. Porter, Gen. Babcock and
Gen. Butteifeld, first securing the ap.
pointment of Butterfeld as Assistant
/ Treasurer at New York. The Prcsi.
! dent was necessary to the scheme, and
ho was soon the guest of Fisk and
Gould on a Fall river boat. Other in
terNie"s iolio"eu' Noip' was sNV'i
IN July, 1851, sZooiooo IN T. D bonds,
and, in September, Gould bought for
81, 100000 in gold The President,
during this month, wrote letter to
the Secretary, giving his views against
sale Oh gold, ara then went 10 VISIT
relatives 10 washington, IA, a vlliage
accessible by ran only IRON heellDg,
west va ms made all access to HIM
difficult, and FISK and Gould at once
began to buy gold. by September l6,
they controlled hity to sixty millions
and had forced the price up to l40!.
sl,oO0,OOO OF tins was held Tor Butter
field, to whom Gould had also loaned
$4,000 without security; Fisk test-
iied that 1ould tod nun about Septcm-
Der Is or ~, when they were getting
u niue uneasy, rms matter Is ail lNed
up Coroln has got Dutlerneid All right
ana 0or9ih mas gov u,alt hxed al
rlgnt lie aiso iesuned that CorDln
toid nm that MIS- "ran, had an IN.
teres, tnat uoula nad soid sooo,ooo
OF goid belonging 70 Mrs urant (hell
oy Goroln, VINO held an equal amount
ior forter) leaving balance IN her
ia'or oi auooe ueo s-o,Voo, ana ,haI
cneck lor ezo,ooo hau oeeh soni' Inc
whole country was now excited over
the advance OF golo. FISK got Corp'n
10 write INC ires'uen, oy speeini mes,
sehgor 10 prevCn. any governments,
interference my iresiuehe reacneu
washington Wy oep,; -, anu was DC
sleseu oy ,he Nov ORR nsrenar.s, n