The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1879-08-26
osocKDoLoaERS
For Secretary Sherman to answer
A Short Catechism for the Remark.
able Financier.
Has His Policy Proved Such q Shin
- I ing SucceSSs 9o7ts
A Few Facts and Figures which
rs; Would Seem 10 Indicate
a4 ef Otherwise. -sV s.s.ei
How Widows and Orphans are
Piundered for the Benefit
81 fsEf of the Syndicate. 3sss
Likewise Sounding the Depths o.
81 HIS Alleged Pure and Unde.
~ siis-g illed Patriotism,

Iretary Sherman lett here on this morn
|ipg's ,train,. via the Pennsylvania Rail-
road for Ohio. He goes into the State
to, make campaign speeches-to induce
the voters to cast their sufrages for
Charles Foster, bis creature. In view Of
the fact that the Impending campaign is
one 10, which Secretary Sherman is the
central figure, and who will reap all the
advantages, Of . Republican victory,the
following cstechism, for the guidance of
those who win listen to his speeches and
see 81, to ask him some questions, Is pre-,
pareds "A lns sisiae-g osai f..a 81 sss
Secretary Sherman will tell the people
Of Ohio, that be has closed all refundipg
operations. !. This be told the people Of
Maine, He deliberately deceived tLem,
and viii likewise attempt to deceive the
people of Ohio, He has, on the contra
y, mot yet closed his recent contract with
the pet, ,Sy yndicate,e which at one fell
swoop got control OF all q the per.4 cent
bonds. OF the &l80, ,000, 900 subscribed
in these bonds by the Syndicate, S45,-
000, 900 yet remain unpsid for; and Sec
retarY Sherman, In that spirit OF liberal
ity which be has always extended TO a
few eastern banks, has extended the time
for final settlement to October ], although
the original contract. which he has vio-
lated at discretion, provided that final
settlement should be made on July II
last. The immediate result is that the
banks have the use Of S45, ,000. 600 until
October 1. which belongs to the people,
and should have been in the Treasury 30
days ago. With money worth 2 per cent
at call, it will not require the aidof light
ming calculator to lind how much money
The Syndicate will make out of the $45.-
010, 900 which Secretary Sherman allows
them TO nse.i av5, f,s, ,.rssis s
This, is not the only reason, though.
that Secretary Sherman gave the Syndi-
cate an. indulgence. Had o settlement
been made, according, to the contract,
four per cent, bonds would not now be at
premium-they MIGHT be held at par.
sherman. fearful OF this decline. indnly-
ed the sypdicate rather than pressed
them. because he wanted to keen the
bonds mn until after. the. Ohio election. 40
that he could, point to the NEGOTIATION OF
the fonr ner cents with nride: and the
hioher the premium al which ihey were
held. The more pride he vould take in the
transact;on n, NAV he we'll also for
the Dneonle of Ohio 10 know. While Sec.
retary Sherman Is among. them, that
ON. the day the contract with the Syndi-
cate for the tour per cents was made the
United States had on deposit in the
hands III tha Na,;onal Ranks the ann of
1000 600 900 and these same hanks still
hevo ahont AN mn, 00(l IN fonr oer cent
honda - loan western farmers At 3 ner
cent per month to- enable them to get
80