Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-10-23

tional Banks Recorder BM-IH-
dea-Economy-Siluer Bill Fisher
-Cameron-Recorder Bill.
The Democrats held meeting in the
Court House on Monday evening, the
preliminary arrangements of which we're
. torch-light procession, marshaled by
such valorious knights of the party as
Jacob Beidler, l. ID. Musser, I. j.
Middagh, and John Mccoy.
1t is perfectly safe to say that ten
thousand people did not carry torches,
and it may be just as safe to say that
not one hundred voters were in line,
and yet there Is no certainty about the
nzmber without count, which we did
not make.
Amos G. Bonsall, Chairman of the
Count, Committee, called the meeting
to order.
A. j. Patterson was elected presi-
dent, and q. string of vice presidents
and secretaries longer than the moral
law was read, but the noise prevented
their names from being heard, and not
one of which appeared to assist Mr..
Patterson.
The Chairman delivered q speech,
and then introduced S. j. Randall,
Speaker of The Lower House of Con-
gress.
After circling around the political
6eld awhile Mr.. Randall took tilt at
the National Banks, and did his best
to misrepresent their workings, and
perhaps, the majority of those who
heard him, at least the unread portion
OF the audience, went away believing
that the government is paying interest
on the bonds on which they are based
ss security for the Bote holder, and
also on their circulation and deposits.
He lsbored hard to create the impress
sion that the government pays 10 to II
per cent. to the banks lie did not rise
to the diguified plain o! telling rlainly
that the government only pays an inter-
est Of 6 per cent. on the bonds that ere
held against the banks as security for
the note holder, and that Is all the in
terest that the government pays. 1t is
the same interest that is paid on bonds
that were issued at the time of the estab-
ishmcnt of the respective banks. He
spoke of the millions that are deposited
IN tie National banks, and did all that
be knew how BY speech to create the
impression that the government is pay
ing interest on all the circulation of Its
notes, and OF all of the money .bey
loan to their customers or to the people.
Mr.. Randall was most unfortunate In
bis expression, or be is guilty of delib-
erately attempting to mislead bis hear
ers by telling them indirectly that the
government pays interest on the circu-
lating notes Of the banks, and on their
deposits which are loaned. II be had
told that s per cent. is all that the gov
ernment pays on the bonds that are
held BY the National banks, as security
for every note that is issued, be would
have told the truth, but he made no
such just delivery be lsbored to create
the impression that the 6 per cent. that
the man pays who borrows money out
of the banks is also paid BY the gov
ernment.
Who would think that a reform
Speaker of the Congress of the United
States, who, when he appointed the
chsirmen os the committees 10 Congress,
gave more than half of them to ex-reb-
els, could come before the people and
throw dust in their eyes in that way /,
Blu, when be finished bis delivery
against the Banks, he could not tell just
what he would substitute. Either
greenbacks or National Association
money would be good enough for him /;
so that when all was summed no, Mr..
Randall had no clear policy on the
financial question, ard be dropped to
the common place of trimmer for
Greenbackers and every body else who
IS opposed to the Republican sys-
tem, witch is protection to every note
holder. il matters not where he lives,
whether ,long the Canada line or on the
Mexican border. He spoke of the
RECORDER BILL,
and condemned the Republican candi-
date for Congress for havirg voted for
it. Other men have been condemned
for voting for the same DILL, anu just
last week, notably, NJ Edgar King, Of
the Blair County Radical, was criti-
cised by the .fitoona Tribune for voting
for the same bill. Mr.. King replied
Immediately, and his answer to the Ill
foona Tribune is reproduced here, for
the reflection of Mr.. Randall and his
friends
EDs. TaDuxE: Your journal saw ft to
criticise my vote IN favor Of the Philadel-
phia Recorder bill, which was your right
and to which | never objected. That law
has been in operation q few days over Eve
months, and Recorder Quay, in his reply to
. letter f,e1e = committee Of Philadelphians
rnder date Of the 9Th inst, says that under