The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1878-05-24
NATIONAL NOTES.
ANOTHER BIG GUN FIRED AT SHER
MAN.
SESSION OF THE DEMOCRATIC MA
TIONAL COMMITTEE.
Preparations for the Coming Inyesti'
CATION.

fifth congress, COL Samuel Thomson, late
president of the First National and now
president OF the Chase National bank of
New York city, and his father John
| Thompson, vice-presidcnt OF the same bank,
discovered, while examining the books OF
of that institution, that il was u subscriber
for nearly thirty million dollars of the
new four per cent. loan and that
a certified check had been given for the
usual margin TO guarantee the subscription.
This discovery caused them great alarm, as
by any sudden decline of five per cent. in
the government securities not only the cap
ital of the bank, but their own private fort.
unes. would be suddenly swept away. On
questioning the Messrs. Fahnestock. and
Baker, who were directors in the bank, Ba-
ker being cashier, for an explanation, the
Thompsons were informed by Fahnestock
who formerly conducted the confidential
relations Of Jay Cook * Co. with the treas
ury department, that il was all right; that
they had an agreement with the secretary
of the treasury that if anything occurred,
such sudden advance in the price Of gold
or a sudden decline in the price Of securi'
ties, he lthe secretary was not to demand
gold for the subscription but would cal. in
and accept other bonds in its stead, or let
! them out of the subscription altogether and
return the check. The explanation not be-
Ing satisfactory to Mcssrs. Thompsons, they
arranged at once for their withdrawal
from the First National, and after siding
10 Fahncstock, established the Chase lank.
In this connection and in confederation of
this incident it should be remembered that
Secretary Sherman cancelled ten million
dollars of the subscription % the four per
cent when their sale became improbable.
BY these statements it seems that an under
standing did occur between Secretary Sher-
man and Messrs. Fahncstock and Baker
that if the venture proved q success several
hundred thousand dollars would have been
divided among some Of the parties thereto,
while if it failed, all were TO be protected
by the special favor shown by the secretary
of the treasury.
An INTERVIEW WITH PYLES.
The Post this morning publishes an inter,
view with II. c, PyIes, Of New Orleans, who
testified before the Field committee Of the
torty-fourth congress concerning the illegal
arrest of about 10000 voters in New Or
leans by Gov. Kcllogg's deputy marshnls
on the charge of false registration. Pyle
states that circulars purporting to be from
the Southern Charm Sewing Machine com
pany were sent 10 parties registered. bu
were addressed in such a manner as to b
returned with the endorsement, NO
Found Then Il policeman made pre-
tended search with like result. after whicl
warrants for the arrest of these person
were placed in the hands of deputy mar
shall. who had no difficulty in finding them
As most of the prisoners thus arrested wer,
workingmen, they were very glad, so Pyle
says. to effect a compromise and escape pro
pccution by leaving the city until after tn
election. Other devices, Pycs states, wcr
also rcsortcd to cntice Democratic voter
away from the polls. Pyles states tina
complaints were made, but inasmuch as tn
police, state militia and United States arm
and navy were ut Kellogg's command, al
these complaints were Intellectual
SECRETARY SHERMAN.
upon being asked if he was nor worried b,
the newspaper stories lI0ut his connection
with the Louisiana election, said no. hi
was glad this matter had got beyond til,
lying newspapers and covardly inuendoes
Specific charges had been made. and wha
he wanted was m open hearing, and NJ
favor. This he would have and some o
these men would be convicted as liars anC
libelcrS, and perhaps something worse.
THE DEMOCRATIC COMMITTEE.
The National Democratic committee me
to-day at the Arlington hotel. There wer,
present, Representatives Forney, of Ala
hama, b. VI. Hughes, of Colorado, Senator
Barnum, Of Connecticut. Geo. 7. Barnes anC
Gen. VIM. Cloudy of Illinois, Austin II
Brown Of Indiana, VI. VI. llumcs of Iowa
Isaac +. Eaton of Kansas, II. y. Mclienry
Of Kentucky, b. +. Jones OF Louisiana
Edmund Wilson Of Maine. Outcrbridg,
llarses OF Maryland. Frederick o. Prince
Of Massachusetts. Edward Kantcr OF Mich
i9an, VIM. Lochran Of Minnesota, Etha
Barksdalc Of Mississippi. John c. Prize,
4 of Missouri, Geo. l.. Miller OF Nebraska
Robert p Heating of Nevada, VIM. sui
loway of New Hampshire, Representative
Ross OF New jersey, Representative HeNi
of New York, Senator Ransom Of NortI
Carolina, John G., Thompson of Ohio, Jane
II. lcon Of South Carolina, VIM. T. Bate
of Tennessee i, i. Smallcy Of Vermont
Robert A Coghill of West Virginia, sena
tor Bamum presided with Frederick o
/ Prince rs secretary Nobu,inc>' was done
and the committee adjourned unit! to-
morrow
This morning the question Of issuing az
address TO the country was tjyomDIy diS
cu,scd, and viii probably be disposed o
at the meeting tomorrow II wa, gearr
ally conceded by those who took part Il
the discussion to-day that the Dmocwt
t executive commttr having answered To th
t country shortly after thu conclusion o
the late presidential election That the Dem
, ocrN,ic candidates for president md vice
+ president We're, in their Judgment duN
elected hut deprived q their rights b,
fraud. il was the duty af the n1hom. Gem
mi,tre toiritrratr that declaration EAa ~
3 cite the net, Of fraud that opcnta to civ
the offices OF president arr yic.-pga' lent {
the present mcumbaNts. TIL. address VII
also state now the p0r.ywii proceed undo
, tho Potter resolution The general opnioi
Is t,Gt tho ailrcs, will declare that II