The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1879-08-28

ago. With money worth per cent at
call, it willrequire the aid of q lightning
calculator to find how much the Syndi.
cate will make out Of the $45 100000 that
Secretary Sherman allows them to use
This is not the only reason, though,
that Secretary Sherman gave the Syndi.
cate an indulgence, Had settlement
been made according to the contract,
per cent bonds would not now be at
premium-they might be held at par.
Sherman, fearful of this decline, indulg
ed the Syndicate rather than pressed
them, because he wanted to keep the
bonds up until after the Ohio election,
30 that he could point to the negotiation
of the per cents with pride; and the
higher the premium at which they are
held, the more pride would he take in
the transaction. 1t may be well, also,
for the people of Ohio to know, while
Secretary Sherman is among them, that
on the day the contract with the Syndi
cate for the 4 per cents was made, the
United States had on deposit in the
hands of the National Banks the sum of
5000, $1,000, and these same banks have
still about $40 900, 900 in four cent bonds
to loan Western farmers at per cent
month to enable them to get their crops
into market. The Syndicate have three
months to pay for these bonds, during
which time they collected the interest,
which at per cent per annum is per
cent, aggregating $lS0000 profit before
they we're called on for one cent This
is not all. The monopoly thus put in the
hands of these bankers made corner
on the bonds, and they were enabled to
charge per cont premium on the bonds
which makes clear profit of $3.50 900 or
altogether, the profits Of this transaction
between the National Banks and John
Sherman was $540000
Now, who does this money come out
of During the extra session of Con-
gress widow of Union soldier wrote
a member of Congress, that she had Ger.
tain United States bonds in trust for her
children, the proceeds Of her deceased
husbands pension; that she had applied
for the interest on her bonds, and for the
first time ascertained that her bonds
were among those called in, and the in
terest had ceased. She requested the
member of Congress to go to the Treas
ury Department and exchange her bonds
for four per cents. The matter was pre-
sented to the United States Treasury,
and the reply was that the party could
get the face value of the bonds in money
but the Government had no securities
for sale. The consequence was that the
poor woman had to pay premium of
% per cent (the small dealers must have
their profit, hence the half cent addi.
tional), and the exchange for transmits.
sion was half of one per cent more, en-.
failing loss equal to nine months' in
terest on her little patrimony. While
the great capitalists Of the. country are
landing Sherman's financial success,
somehow the poor widows and orphans
are not able to appreciate it.
Secretary Sherman can also be asked
by the loyal soldiers of Ohio why he ap-
pointed Confederates to Officer His
friends say be has not. Let us see. Here
is the roster:
Gen. Withers was Confederate sold
Ter. He served through the war. He is
brother of Senator Withers of Vir.
ginia. He was appointed frst.class
clerk in the Registers office ofthe Treas
ury by John Sherman, on the recon-
mendation of Gen. Sherman, whose
classmate he was at West Point.
Col. Hathaway, editor of the Norfolk
Daybook, was appointed in July by Sec
retary Sherman as Inspector of Customs
at Norfolk, vice Inspector Phelps. Hath,
away advocated making bridges of the
bodies of Union men in 1861 in his pa
per, and was rampant secesslonist un.
til he recently began the advocacy of
Sherman in his paper. Phelps is an
original Union man, Presiding Elder
OF the Methodist church, and being too
old for the army, cared for the families
Of Union refugees. 5.1aI .,
John s. Mosby, the notorious guerrilla
is Consul General to China on recon-
mendation Of John Sherman and James
A. Garfield, vice Wells, an ex- Union SOL
dier.
Stephen P. Bailey was Major of Uuer
rillas under Mosby. The Washington
Republican, in the war chronicles of
July oath, says: "July "a, 1852 Eighty
men of the ninth Virginia infantry were
surprised and captured at Summerville,
Va, by superior force Of rebel cavalry
under Major Bailey" Major Bailey is
an Inspector of Tobacco at Petersburg,
Va, at salary of $45OO, under Secre.
tary Sherman. .t $50
Robert P. Bailey, son ofthe Major, was
also Mosby guerrilla, is Asst Inspector
OF Tobacco in the second Virginia dist.
trict, at salary Of about So 600. '
H Clay Bailey, also son of the Ma.
jor, and q Mosby guerrilla, is Deputy
Collector Of Internal Revenue for the
sixth Virginia district under Secretary
Sherman. j ~ u-- '''a' ai- ~ 9l4- o4H
Simpson P. Bailey, also a son of the
Major, and Mosby guerrilla, is a Sub.
Consul at Palmero, Sicily, at q handsome
salary, including fees. 1ad ta'a n.IdlEI
J.s'W Chapman, Mosby guerrilla.
was mail agent, but is now special agent
of the Treasury under Secretary Sher-
man. e,e t,t bf, t. .,.,
]. Il. Rives, Captain of Artillery in
the rebel army, is collector of Internal
Revenue Of the fifth Virginia district,
and has thirty subordinates. Excepting
three of these, Rives and his whole force
are Southern Democrats.
Edward W. Massey, an ex.Mosby
guerrilla, Is inspector Of customs at Fort.
ress Monroe, Va. Theodore Nelligar,
who served through the war in the New