davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

Savings banks are having hard time Of
IL just now, all over the country. Tho best
of them are suspected the good ones doubt
ed. and the poor ones driven into insolvcn-
cy. Even in New England many of them
have got into trouble, and Massachusetts
has been compelled 10 enact n law giving
them more time to convert their assets into
money than their impatient depositors are
willing to grant. Here, in New York,
number of them have been put into the
hands of receivers, and that fact tends to
discredit all the rest. The whole savings
bank system, in fact, Is on trial, and evil
IDENTIFY will have to be greatly modified if its
usefulness Is to continue.
The matter with savings banks, rs they
have hitherto been conducted Is that they
have tried to perform wo incompat ible and
mutually destructive functions. They have
been institutions for the permanent and
productive Investment of an aggregate Of
small deposits which is their legitimate
business, and at the same time they have
undertaken To- repay each Of those small de-
posts ON demand, which is the Office of
banks Of Il quite different character. That
they have not become embarrassed long ago
is due to the fact that they have rarely been
put to the proof. Their dcpositors, for the
most part, have been content to let their
money lie and accumulate interest or
10 draw only the interest as it became
payable. Now that Il considerable number
Of them are frightened, and seek to get
back their principal all at once the nabil-
lty Of the banks to respond becomes ap-
parent.
II Is plain that money invested as savings
banks usually invest 1t, either on bond and
mortgage. or in securities not bought and
sold daily in largo amounts ON the
Stock Exchange, can only be recalled
with some slownoss and difficulty. Or
binary banks Of deposit, on the other
hand, take care to keep their funds in such
shape - always to bc ready for a sudden
demand They either lend them on call, on
collatcrals which can be marketed at a mo-
mcnts notice, or discount short-datcd pa
per- which they can rodecount with other
banks whenever they desire todo So Besides
they have the safeguard Of n permanent
capital, which cannot b" taken from them
and which Is a reserve fund to meet losses
A savings bank can only initiate their prac-
tce Of paying depOsiturs ON demand ON
condition Of also initiating their prccat-
tons, and lending only to borrowers who
will return the money whenever II II wanted.
What else can be expected Of "A disregard of
So plain Il dictate Of common sense, than just
the trouble which we see A savings bank.
which has it deposits reasonably we'll in
vested, 50 far as safety and income are con
ccrncd, has either to 20 into the hands Of n
receiver or else take advantage of stay
law, merely because II cannot Immediately
convert those deposits back INTO cash
Connected with this error Is the kindred
one OF treating "A savings bank as nsolvent
ns soon os the market value of its securities
mus below the amount nominnly due to its
u'lositors. The bank has, for example, re.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26
Police Court Hu.lness Of IaT1.

From tho annual report OF tho Board of
Police Justices Just published. we find that the
total number Of arrangements in the Police
Courts for last year were 70 1865. OF whom 81 $50
were males and 220O6 females. or these some
SO per cent. were discharged
There is n showing IT decrease in the number
ofoffenders compared with the previous year OF
$685. or ~. per cent.
For the four years ending with 1876 there
were 1888 1886 arrests and arraienments.
II the arragnnents for violation OF the Excise
law arc excluded we find n reduction in offences
OF 1Oil per cent. in 1877 MS compared with 1874,
and reduction OF per cent. as compared with
each OF the years 1875 and 1876
There we're 3O2g persons held TO answer I'M
der charge Of felony. 779 of burglary. 81 OF car
rying concealed weapons. 50 OF cmbezzlemcnt,
1919 Of false prctenccs. $40 Of felonious assault
Sl3 OF grand larceny. 100 OF robbery. al of lar
ceny from the person. 10 OF homicide. and 2.79S
of petit larceny.
Violation OF the Excise law imprisoned 1. 522
persons.
There were 22.G69 persons arrnigncd for in
toxicHtion. Even nj these terrible figures tho
report shows decrease OF SO per cent. during
the past three Years. In 1874 40.777 were ar
rested for this offence.
The number OF vendors Of obscene literature
has been reduced one-haf since 1s16.
Fines and fees We're collected in the several
Police Courts during the year amounting to
f42,OJ7
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26
A Repusiienn view or Hayes.

To THE BDrroi, or The SUr- Sir [ have
noticed in TaR HUN several articles giving most
timely advice 10 Republicans. Let me add n
few words and utter prophecy. Hayes has
done what he could to ruin the Republican
party. No Republican OF sonse can deny this.
or ccucse Hayess detection has added strength
10 the Democratic party. and all true Repubii-
cans ought to unite in denouncing the treason
and romedying the evil. Let thom not heed the
siren voices Of those who say Hayes means well.
Benodict Arnold meant we'll whom he betrayed
his country-well for himself at least. Arnold's
intentions wero es good as those OF hts Fraud
ulencY
near ut hand. III tho Republicans adopt plat
forms. endorsing Hayes or oyen sluinting that
way. they will meet sure and deserved defeat.
II tho ignoring policy tho policy OF silenco with
regard 10 Hayes, is carried out. defeat IL GER
tain. The people. tho Republican portion at
loast. demand outspokon condemnation oil tho
Administration no hnlf way measures. no silent
contempt, but open, bold remuneration OF Hayes
and his whole clique. Republicans demand this !:
they will have 1t or allow tho organization to
tumble into irretrievablc ruin.
will not VOTE for any Republican who in the
remotcst degree uphOlds or Apologies for tho
present bastard Administration. and hundreds
ind thousands of Rspub icans in Michigan stand
take warning and act accordingly. Thanking
YOU for your determined opposition to tho pros
sent iniquitous Administration. remain yours
Tor truth and honest government
OLD LINE RKPUBLIOAN
BRIDoEToN. Mich. April ~.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

The story of the heinous crime by which
Mr.. HAYES was made President OF the United
States Is now being told by those who knew
II all and committed great part Of IL.
We print batch Of startling confessions
In to-day's Sun. They relate 10 the fraud
ulcnt return OF tho vote of Florida In favor
Of Mr.. HAYES when 1t belonged to Mr..
rILDEN.
An effort Is made to dlsparage the value
II these confessions by assailng the mo-
lives Of those making them. The motives OF
these men Is matter OF secondary
Importance, which but little concerns
anybody but themselves-a matter mainly
between them and their Maker. II we
should refuse to recognize and punish crime
except when proved from exalted motives,
pirates, burglars and murdercrs might
often go scot free.
There Is but one question OF any signifl-
canoe, and that is Are The confessions true ?
II they are true. we have in the Office Of
President a man placed there by frauds to
which he was consentlng and an active
party.
There is good reason TO believe the con-
LESSONS to be true. They are abundantly
confirmed by other evidence 1t is hardly
possible for them to be untrue.
The frauds alleged are true. There is no
ro.,rn for N ,aaa,nolla doubt 80 thi.
Was HAYES party to them
Judge McLrN who knows, is clearly OF
opinion that he was. II is impossible to be-
lieve that Mr.. MOVES, the leading promoter
Of these frauds, and the right-hand man Of
HAYES, acted without HAyEs's full
knowledge and appreciation of what
was being done. HAYES was In
reality as guilty as MOVES. II
HAYES was innocent his first act after the
discovery of the crime would be to resign
II he is willing to retain an Office acquired by
fraud, he was willing to acquire the same
Office frsudulently. For him to hold on In
he face Of these confessions is In effect for
aim to plead guilty.
tits OF no use for any one to deny any
longer that we have an incumbent of the
highest office who has no right there.
Under these circumstances the Ques-
ton arises whether this State is rep
resented in the national Legislature;
and II it is, whether we have member Of
either House who is not blind or deaf, or
dumb
II we have such n man in the Senate or In
the House Of Representatives, it is time he
should be heard from.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

A report signed by four of the six con-
ferrees on the General Deficiency bill was sub
mitted To the Senate yesterday by Mr. BLAINE.
He and one OF hls Senatorial associates on the
committee had recoded from "A number Of Senate
amendments, the most important being those
npproprlatng $4,000 for the Washington pub
lie schools and t25.000 for the HAYDEN survey.
The District Commissioners had owne,l 20 them
that there was very little chance OF money nd
vanced for the schools ever being repaid. Mr..
WINDOW. the dissenting Senatorial confcrrre.
deplorod these concessions. and predict q an
other Deficiency bill If the Senate should ratify
them. The report WIS adoncd. however.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

ceived 81 0O0, 900, and its officers have invest
cd IL as IL came in, In u way that AT the time
seemed ~ them wisc and iudlcious. Subse-
quently il turns out that without any fault
Of theirs, $4,000 OF the ti,0ooOoO has been
lost by depreciation, and Immediately the
whole institution Is taken in charge by the
officers Of tho law and wound up. This Is
right enough, 80 long as the contract with
the dcpositors is to pay them dollar for
every dollar they put in. But why should
such contract be made at all ? Why should
not the dcpositors take the same risk col
lcctlvcly, that they would take II they in
vested their money individually? Any man
who bought Government bonds. for exam
pie. two years ago, has lost on them from
ten 10 twenty per cent, and has no re-
dross. Why should he expect not to suffer
the same loss, becatlse he has intrustcd his
money TO n savings bank and let IL buy the
bonds for him Provided tho bank Is only
honestl Y managed and reasonable prudence
exercised in investing It's funds, its losses,
like its profits, ought to be equitably d.
vided without complaint.
II savings banks, therefore, are to con-
tinue to exist and to command public conf
depce, they must distinctly stipulate with
their depositors that they are not TO DO
bound to repay their deposits on demand;
and furthermore, that no accidental and
unavoidable depreciation OF their invest
ments Is to be treated as insolvency. They
must be restricted 10 their legitimate func-
ton OF gathering up small savings and rem
dcring them productive, and not attempt TO
compete with commercial banks OF deposit,
nor I've required to qua rantee their customers
auainst laea
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26
counterft,, Trade Dollar. In nrooklyn.

rho Van Brunt street police Brooklyn, on
Wednesday might discovered That some mcn were pa,'-
ing counieri trade dohnrs, and 40 rr .couriuI tine prc
cinct Mcy found tec men n,rng htlroniu On Court
street who IrrcotN answered the drsrril mons They
arrested thr MON lut the tiiri ished AVN
IN" lrsnu'i sraNr the ma cs O., Thomas ptv and Iu'-
NlANr IhrN rWn futitrrtt traa' COLLAR, iNd 49, ~
m Genuine Wou. W iHuNiW hrrltV. g. Tho tltrl
uU nd,r .iud 10 ltltnu rrr. hr was about
tntross tu New huik In th' lNl station DC gave the
nlur NJ plfurk sliNru Ile' WINS rrcfun,rNd hv q
Hrumrltr drueti.t on Court street on whom uc had
"A
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

The Supply bill, after amendment, passed
the State senate-ncw Capitol appropriation Of
500. 900 and all-and was sent back to tho As
scmbly for liz concurrence. That body. how
ever. objected yesterday 20 the changes. and 80
conference committees were appointed. The
1900 900 Appropriated early in the session. aid
ell 10 the amount agreed upon In both Houses
for the construction OF the costly Capitol. makes
a round million Of dollars that the people OF
this State are called upon to pay toward COM
plotting this monumental piece of folly. This
one million would erect n building In every way
suitable Tor a Capitol. but the Republican Legis-
lture has determined to 20 on with a work that
must cost s1s 0OO. 600 before n Is finished.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26
a Robbcr of Millions.

RON ne NgInffe ftnTtT
That Robeson's administration OF the Navy
Department was rotten throughout as notorious
then 1t Is today committee " the last House an.
dcrtoOk TO probe TINS rotcnnes bat for
voucsac 10 tie public tailed 10 accomplish any thing
II was certainly not from want ol available material and
tools
Rchesc Il proven to have hecn rober without con
science Whose exploit, oi, limited by his oppor
unitcs lie /, found have some on In utter contc mpi
Of the law and incurred an indebtedness In violation OF
law a. the extent of ever even ntllt,n dollars
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26
= senator Conki ling and Oh. Fraud.



Senator Conkling was n member OF the
United States Senate when the great fraud was
perpetratcd and he knows all about il. He
says that Mr. Hayes L. unqucstionably n fraud
that there WAS n bargain between Nichols of
LoulS lana and Hayes. and that John sherman
AMI Stanley Matthews were privy to 1t that
when the whole truth j. known about the
Louisiana business ii will sink the Administra-
ton-Prosident and alto the lowest depths If
ininmy:' thht the country VIII b" appalled, 10y
the dshonor which surrounds this fraudulent
Administrations
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

The Teutonia Savings Bank has been
forced to give up its protracted struggle for ex-
istence. The Bank Examiners. upon whose
report the injunction compelling the bank to
stop business was based do not nllcge mis-
management OH the part Of the officers. but
ascribe the banks insolvency TO losses upon
repudated town bonds and the shrnkaRe in
the value OF real estate Situated in district
densely populated by poor people, the Teutonia
has been used by thousands OF toilers as a
strong box for their hard-earncd savings. and
its suspension has borne grief and panic into
many humble home Those who may lose can
not say that they were unwarnod by The SUN.
On Dec. 2. 1876. The SuS published state
ment Of the condition Of the savings institutions
OF this city as nearly as could be judged from
ascertainable facts and figures. In that state
ment tho Teutonia was mentioned as doubt
full" Its assets then were over two millions.
but a steady drain has diminished them to
about half that amount.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

The circus isn't as lively as a twelvcinonth
ago HAYES was then ready TO talk on all o,ca-
sons now he IL 10th 10 talk on any. Then he
was starring II North, South. East. and West /:
now with the skies lowering West. East. South.
and North. he only makes two successive runs
into Pennsylvania. where. however. he is
Stunned by his old political friends. and has TO
rely on those OF Pvno WELSH
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

JOHN HUeHEs is proving himself plucky
pedestrian. even though he is not walking 40
fast az did the champion In the late internal
tonal contest. lie was about Nifty miles behind
time yesterday. but he continued TO plod along
hour after hour. footsorc and weary. yet cheer
full. ambitious only to cover n greater distance
than did OLKARy. Meantime O'LEARy has
been on the track again. having completed II
walk of 900 miles in sixty hours-much better
time than HuGHEs has thus far shown.
These feats Of endurance are multiplying. A
dancing master last week watzed for fourteen
consecutive hours without fatering. woman
pedestrian is covering nearly one hundred
miles in twenty four hours in Western cities.
and next week a Mexican mustang rider is to
try 10 ride sos miles in fifteen hours, using fifty
feet animals in the attempt
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

SCHUMACHER Of Texas wants Congress to
ask HAYES TO keep at least 5000 United States
troops on the Rio Grandc. and to authorize
them TO cross into Mexico II tho Mexican Dor
derers msbehnvo Themselves
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

Practise what you preach. Mr.. HAMILTON
HARRIS. Don't purposey delay action in com
mittec for two weeks upon the Apportionmcnt
bill. and then rise in the senate to say that an
Apportionment bill should be passed before
sine die adjournment HAMILTON HARRIS might
have done his share toward having the bill
passed fortnight ago.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

fore the Legislature this winter has the impor-
tance attached to It TINT this one has BY all
means pass an honest Apportionment bill be-
fore talking Of final adjournment.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

Il cannot make you a speech at this
time" said HAYES to the Philadelphia crowd
that greeted him upon his arrival. lie had Just
heard the news from FIorida.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26
Moral Power Sufficient.

We congratulate Mr.. WILLIAM Il. CHAND-
LER Of New Hampshire on the fact that the
Florida revelations do not appear In any
manner 20 implicate him. There h nothing in
the testimony 80 far to show that he had any
hand either In devising or In executing the
frauds by which the electoral vote OF that
State was declared for HAYES. And not
only do the fscts as they now stand revealed
clear Mr.. CHANDLER, but his opinions ex-
pressed upon the subject are those OF n wise
and patriotic man. II have alwsy w claimed, ="
he says ~ a correspondent OF the World,
"that HAYES honestly carried Florida.
believe It but in case IL should turn out that
MCLIN has been Running crooked, 1t would
only be necessary to pass resolution
through both Houses declaring TILDEN law
fully elected, and l believe HAYES would
have his baggage checked Tor Fremont be-
fore TrLDEN could leave Gramercy Park"
This Is cmincntly a judicious view OF the
question. As Mr.. CHANDLER save, there
would be no trouble about setting right this
great wrong and celebrating the unparal-
leled shame which fraud has branded upon
the nation. Instead Of HAYES making any
resistance he would hasten away, filed with
no other anxiety than that OF escaping more
positive punishment for his share in the
conspiracy.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

Tho village Of ChurlOt'oshurgh. on the New
Jersey Midland knrond sold by auction Inst Friday
at masters sale Tive place was started and butt M
hv the company owning the lease tc adj accent mines
There l. LARGE mhchn .hup, IRON works many snail
shops store shlouus, hni rlihoen twenty houses an
wl"h we're hult y the conn all sold IN.
ger lnrrlnurr Ihr property was buuiht t.NAu by
Nj stout the hul"re the FIRST MORTGAGE o' SSiiNuO A
~eond mortgage OF S2'"0 wiped out by this 'Ale
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

John strokands DRIVE To Dealt. splendid douhl.
page picture In The Nee io'h Hetut'i TtHo Ne g? Ou
to-day-Adr
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26
Business men meditating bankruptcy get

Business men meditating bankruptcy get
a sharp admoniton this morning to hle their
schedules while IL is called to-day. A bill re-
pealing the Bankrupt law. root and branch.
passed the House yesterday afternoon by 2o6
yeas TO 90 NAYS. This bill does not affect any
proceedings now pending under the repealed
acts but bolts and locks the door against future
insolvents.
Curiously enough. the bill as II left the Senate
did not accomplish its purpose. and an amend
ment WIS necessary TO repair the negligence OF
the lawyers Of that body. This defect was dis
covered by members OF tho House Judiciary
Committee. and Gen. BUTLER took advantage
OF the occurrence to read the House another
sharp lecture on its subserviency TO the
Senate. its fear OF the newspapers. and
its habit of 'overslaughing the COM
mittecs and running riot in legislation D."
Here was bill he said. tina, undertook to re-
peal legislation which had been repealed over
four years before, and left the actual BANKRUPT
law untouched: yet the House would have
swallowed II at a gulp II its unappreciated and
snubbed committee had not interposcd 10 save
it from that folly. The General WIS for refer
encc Of the bill Ms We're several other members;
indeed. number ayowed that they voted for
repeal only because they saw no chance at this
time Of securing the amendments that would
make inc bankrupt INV Whht II SHOULD DE-.
The opposition to repeal WIS led 10y Messrs.
EwING of Ohio and KELLEY Of Pennsylvania.
who outdid any Of their own recent perform
ances in the alarmist line. The bill was de-
nounced as the fit supplement to the informal
resumption policy" which was running the coun-
try. and the House was warned To beware there
was such thing as crowding the people too far.
Fires were already kindcd which needed only
II little more tanning to blaze up in dcvouring
fury What might not happen II this sort of
legislation should give the disconnected
masses capable men rs leaders? To these
warming voices Mr.. CoNGER Of Michigan added
his own. reminding the House that communists
iree-traders. and inhatonists were abroad in
the land. and admonishing il that. under the
leadership Of Mr.. FERNANDO WooD. it was or
ganiznG calamity. To all this Cassandrasm
Mr.. POTTER neatly replied that the only labor
ing men benefited ~ the existing law were the
lawyers and the court officers.
The House deserves credit for its good sense
in voting down a substitute which would have
made the repeal 60 into effect as to voluntary
bankrupts on Jan. |, 1879 That, rs one mem
her said would have been TO set on foot a carni-
val II fraud.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

Tho IIoLAHAN Excise bin was rcconsdered
and PASSED in the Assembly last evening. re-
ceiving one vote more than enough to save il
The bill differs from the law of 1851 which is
now in force, in that II authorizes Excise Com
mssioners to grant license to any person Of
satisfactory reputation. whogoas the existing
law restricts the granting 10 the Keepers Of inns
tavcrns or hotels. Tho IIoLAHAN bill applies
to all cities Of the state except Watcrtown
Syracuse, and Newburgh, but the law of 1857
remains in force in towns and villages
Let Plymouth Church. at its meeting to-
night, praycrmlly consider the case Of Mr.
Henry c. BowES in the light of recent develop
mcnts, and let plymouth Church now call upon
HENRY WARD BEECHER Ia stop down aud out.
"NO liquor stronger than clarot punch"
s tho telcgraphicreport ot the drinking allowed
at the O'Clock spree Of the HAYES party yester-
day. Claret punch, however. can be made strong
enough 10 do for a mlddle-of-the-day drink
Besides, there WAS perhaps good supply Of
oranges for the knowing ones,
Tho violent commissions OF nature that
have been Of unusual frequency and force for
the past year. are supplemented by Il terrible
tornado, that passing over parts OF the Ohio
valley, demolished buildings, uprootcd trees,
destroyed crops. and injured persons.
Fine weather and good luck have taken
the Wyoming safely to her destination. bat che
WIS unsafe and unsoaworthy and should not
have been sent on her voyage.
Mr.. JACOBS was right. A resolution was
before the Srnuto in Albany yesterday TO al
Iourn SINE die on the 9Th Of May Mr.. JAcoBs
protested that the Senatc's duty WINS to rema n
The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26

Let Plymouth Church, at its meeting to-
night, praycrmlly consider the case Of Mr.
Henry c. BowEH in the light of recent develop
mcnts, and let Plymouth Church now call upon
HENRY WAKD BEECHER to stop down aud out.