The Leavenworth weekly times., 1876-03-23
WASEINCTlE.
Who are Being Injured by The clymer In
vestigations-What is Thought OF II
PhiiLps' speech on TIE Finances.
NEWSPAPER INTEgPEIsE.

EDITOR 1IMS Your very valuable pa
per I zee and read quite frequently in ,hi-
city, and an pleased to zee evidences Of IL,
J unrivaled success and prosperity. From
every source We hear Of heavy failures in
the commercial world, reducing the mil.
lionaire of yesterday 20 state of pauper-
ism to-pay. The newspaper ventures seem
to have suffered in like ratio, and many
are now under financial embarrassment
hear complaints among correspondents
here that their employers are generally be.
hind on salary accounts The Washington
Tribune, . bright, sprightly, newsy little
daily issue, about the size Of the Evening
.Sar, started some nine months ago, termi.
mated its existence last week. 1t wa,
first an independent paper in politics
though largely interested in the cause oi
the Printers Union, but changed hands re-
| Gently, when il began veering towards an
unqualified support of the bourbon" De.
mOcracy, when the crash came.
PfNDLEroS's HAUL.
The recent investigations have not had
| the salutary effect ANTICIPATED bv the
Democrats, on account oi very unpleasant
rumors and revelations implicating several
influential candidates. Mr. Geo. III. Pen
dleIon is.here; so are the books Of the Ken
tucky Railway and the records of the War
Department, and all are before Mr.
Clymer's committee, which developed the
admission of Mr.. Pendleton that he did
collect Sl4SOVO for the n kentucky Railway
from the Government, and received 90 Der
cent. Tor the collection, or some SS0,0U0.
Question by Mr.. Bass-As administrator
Cf the Bowler estate, and as president OF
the road, you made a contract with your
self by which you We're to be paid 30 per
cent fcr the collection Of this claim.
Mr.. Pendlelon.-There were others inter
ested.
Mr.. Bass.-Who were they?
Mr.. Pendleton.-My sister, her son, and
two younger children.
Mr.. Bass.-iou got 30 per cent. for col
lecting this claim, your salary as president
OF the road, and three -tifths of the balance
as administrator OF your brother-in-Iaw's
estate?
Mr.. Pendleton.-I did
This man is a high priest in the Demo-
his own sisters estate, charged her so Der
cent, or $50, 900, for settling up this part
OF her estate. This is nearly a stand oil
for the Belknap duplicity.
HALLET KILBoURN,
the man who is known a. the "Washinpton
real estate poolis.," has been before the Dis
trict Committee several times, and refused
10 produce the books showing the transac-
tions when the "ring" was doing q land OIL
fce business. He was, to-day, summoned
before the bar Of the House for conrem pt
and there seems TO be no back-down BY the
Committee, and so far, no back-down BY
Mr.. kilbOurn.
BENEFITS THE REPUBLICANS
So far a. these investigations are con-
cerned, there seems to be more anxiety on
the part of Democrats here relative to mem
bers Of their own party being implicated
with such men as Belknap, than fear among
Republicans. The labors of Mr.. Clymer's
committee have thus far been more bene-
fetal 10 the Republicans than the Demo
crats, and Messrs. Slymer, Black burn and
Robbins, are fit subjects for investigation
themselYs.
DEMANDS OF THE C0CST.Y.
Outside Of the role of investigation, so
vigorously commenced by the Democrats.
there are questions which should engage.
their attention and which the country de-
mands. The financial question seems to be
paramount TO any other.
Mr.. B aine's amendment to the Constitu-
tion in reference TO schools, will, it brought
TO n vote, blast the aspirations of some few
Democrats, for whichever way they record
their vore-fnr or against-wiIl cost them
Catholic or Protestant votes.
COL. PHILLIPS SPEECH.
Some legislation should be adopted by
Congress whereby the present para ysis of
business could in measure be over
come. Colonel Phillips sees these troubles
under which the country now languishes, |
and had the courage las. Friday afternoon !
in the House to fearlessly speak his mind. |
regard his speech the able-t effort on the |
financial question, and, indeed, unanswer-
able, that has been delivered in Congress
Tor several years. The House was in COM
mittee of the whole, the galleries crowded,
and members in full attendance. For one
ong hour Mr.. Phillips discussed the tinan-
,ial, commercial, and the impoverished
condition of the country, and the causes
which had produced these effects. and in
reaied members not to longer trife with
he best interest Of the people in the
INTERESTS OF WALL STREET AND CAPITAL
Isis. Il
The financial question should not be
made partisan. He said, "The real secret
# the demand for the contraction
md final extinction of the legal
ender notes is to increase the value of /,
money, its purchasing power and interest ,
md TO give bankers the control Of the
money market. l have already endea vored
o show that the rate Of interest is now too
Ugh for safe and healthy business, SO we ,
. not want to take steps to advance it.
Neither do We wish to transfer the power
I controlling paper money from the gov ;
rnment to the bankers" {
1t will be observed that all those who I
enOnnce the legal-tenders as irredeemabie G
romises never denounce issues of private 9
ankers as irredeemable The banks of /
,ondon carry on business with or 10 per
pnt. specie, and are allowed to use these '
lf1ated promises as money for their own
rivate emolumeDt. So it is with our @
ankers. Look at the !
CALIFORNIA SYSTEM, e
} highly complimented by the gentleman :
ON Maine The Pacific Coat States !
a specie basil that il, they pre-
nd TO. Last summer the Bank of Cali u
rnia, the Leviathan of the money power =
len, when run Was made on il, paid out
,2U0, 900 and broke. We observe that :
.ither her correspondents nor her unpar-
leled resources could save her. She ad
, ating in all kinds of liabilities 2,20O-
70. In other words, she was using as
oney her credit to twenty times the
nouRt Of her available coin 1t is the in
nous British system of banking We are Al
ying to coPy-a system that gives the
mixers and money men, not only the use = -
their capital, but of the credit which n I,
ay be at ached TO it to use as money; q
stem which has created q muneyed ari s.
cracy At the expense of q fearful ';
AND DDGRADA11oN OF LABOR; :,
,ystem that stretches its magic hand to al
aw half the profits of honest labor, 50 n &c
cious and insatisble that it debases and "
en- cripples the industry on which it .,
'ds. The active mechanic or business OF
IN tries to borrow from those who are ht
ing their own debts a. money. He bor- ",
Es At . usurious rate of interest. He 50
mot see the deft machinery BY which he
ground to powder. All labor, industry, be
d enterprise groans, but cannot see the se
TEN that organizes its oppression. re
e whole question to-day is TO
take the power of regulating II
valne of money from the Government ne
give it 70 the bankers. fol