Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-03-30
WASHINGTON.
Custer Tells Straight Story - The
Mighty Hunter of Indians Stamps
Belknap and Orville
Grant.
RObesOn's Denial-SChenck Tells Why
He Left England Without TAX.
ing Formal Leave of
Victoria,

Victoria.
WASHINGTON, March % General
| George A. Custer appeared before the
| committee on expenditures in the war
department to-day. He testified that
| Robert Tsipe, post trader at Fort Abra-
ham Lincoln, told him that his profits
were fifteen thousand dollars annually,
one-third of which was paid to General
| HendricB, of Iowa, and one-thiId to Cen
! eral Rice, at Washington. He did not
! know, but he understood that portion
Of it went to the secretary Of wsr. Ray
mond, the Indian agent at Fort Bar-
thould, said be paid Orville Grant one
| thousand dollars for getting him the
place. General Custer testified that
| the proclamation Of the President
extending the great Sioux military
| reservation enhanced the value OF the
trading. posts on the north Missouri riv-
| er, because it rendered them a more
complete monopoly. Witness said that
Thumb, a trader at Fort Peck, was about
| to be removed, when he obtained some
| of the affidavits showing that Orville
| Grant and Layton Brothers were mixed
| up in the Indian frauds. Custer sald
| that one object of General Bslknap's visit
to the frontier was to perfect arrange
! ments whereby whisky could be brought
across the border at reduced rate ana
increased advantages given to the post
| traders. Custer related various instances
| in which grain had bee stolen from the
government, the pOst-tradels taking 1t
| into their stores.
RObesOn's Denial,
| WASHINGTON, March 29-The secre-
| tary Of the navy denies the published
statement that he transmitted money 10
the house of Jay Cooke, M'Culloch d
c.. in September, 1873; the money was
transmitted to the paymaster-general OF
the navy, then in London, to protect
the credit of the navy in the event OF
Jsy Cooke, M'Culloch d Co. stopping
the payment of navy drafts, and was
deposited in the Bank of England and
with J. s. Morgan. No advances were
made to Jay Cooke, M'Culloch q Co.
until the latter part of October, after the
house had shown its intention and abil-
ity to continue its regular payments OF
navy drafts, and after ample security
had been given to protect the govern
ment, The secretary also says the in.
vestigsting committee can have all the
kilograms, including transactions Of ci-
pheT, on asking at the department for
| them.
schenck's ExpIanatiOn-Why He Left
England
WASHINGTON, March 29 General
Schenck reappeared before the commit
tee on foreign affairs to-day. Abiding
10 the writ served on him just previous
to his leaving London, he produced a
note from the law firm stating they had
served it under the impression that he
lad resigned, spologizing for the mis-
take, and asking him to consider the
proceedings abandoned. In answer to 3
remark that it had been said that he left
| Englsnd without taking leave OF the
queen, Schenck explained that he came
home on leave CT absence, bat Lot know
ing his status be did not know whether
he would return to London. The usual
note was sent to Lord Derby, stating
that as he was leaving suddenly he was
not able to pay his personal respects,
and that he had left the legation in
charge of Colonel Hoffman. 1t was
usual that the resignation OF minister
took effect on the appointment OF his
successor, and as his successor had not
yet been appointed he supposed he was
still minister, but on leave Of absence,
as he left London for the sole purpose OF
appearing before the committee. EX-
planning the transactions between Park
and Schenck on shares and notes,
Schenck said that Park insisted on al
lowing him q balsnce of over six thou
sand pounds as interest, to which he
was entitled on the purchase and sale OF
stock. Schenck refused to receive any
such credit, and insisted on paying OF
settling in the same way, as best he
, couli out Of his means, the balance ol
the note. This was done by the payment
,, Of about seventeen hundred dollars il
cash, and by turning over to Park the
certificates OF paid-up stocks in the Yer
million coal company, Of Illinois, the
National insurance company, OF Wash
ington, and in other companies, to the
amount OF thirty-tWo thousand dollars
and prOmissory note Of NJ. Woodruff
|, for three thousand dollars more, with
the right to redeem the stock in foul
, years.
Mr.. Hewitt interrogated Schenck
, closely as to the above settlement, CAL
cuIating that instead OF Schenck being
out OF pocket was in pOcke
eight thousand three hundred dollars BY
the transaction. Schenck said ht
wished he could view it in that light
, Hewitt said he had proceeded very care
fully 10 his questions, on the theory tina
Schenck had made bona fide contrac
with Park, but the point remained why
p Echenck, having turned over his proper
. ty to Park, should continue to receive
dividends on it. Schenck explained
, that the right to receive divi
!, dends, which were two thousand on
hundred dollars, on insurance anC
. coal Istocks, was to continue for fou
wears, within which time be had tn
, right to redeem the stocks, paying boil
: principal and interest. Hewitt said tina
the suggestion was still open that at tn
=. end Of four years the stocks might b
= returned to bim. Schenck replied tina
4 Hewitt might say the sam
q thing as to the mortgage 0
= his house in Washington. Hewitt
remarked that he never knew mort
o gagee to collect rents unless for his actus
Il protection. Schenck understood that
4 man might draw interes! on mortgages
q stocks as well as on mortgaged house
y In answer to the question if, while Par
was bestowing favors, it had occurred +
, him that he was acting in order to sc
y cure his influence in the Emms-min
= transactions, Schenck replied that
Il never 30 occurred to him. He believes
;, Park to be liberal and generous man
= and having been instrumental in bring
n ing him into the Emma-mine speculs
70 ton, he was desirous Of assisting hir
10 out. He had no doubt Park and other
would have been glad to have him serv
% as manager or director, so long as b
~ (Schenck) did not offend against publ
y propriety. He believed he had a righ
% to buy and sell any kind Of property
~ whether as minister, member of COL
o. gress, or occupying any other capacity
2 1t would not, however, be cOmmendf
n BILE to go into the stock market. Scheme
~ said he had made q mistake in becon
~ ing g rector, and this gave him MOI
- concern than anything else; he might
ob'use, but he could not see he commi
ted moral wrong. Schenck, in den!
81 ing the statements OF Lyon, whom b
Of had seen but once, submitted letter
te him from Harry Brett, OF London,
ly which he wants to know If James ]
q Lyon, now doing business in New Yorl
OF is identical with James E. Lyon,
to Wisconsin, who became a bankrupt
IN In 1874