Daily globe., 1879-08-22

be held at par. Sherman, fearful of this de-
cline, INDUCED the syndicate rather
than pressed them, because he wanted
to keep the bonds up until after
the Ohio election, so that he
could point to tho negotiation of the per
cents with pride; and the higher the pre-
MUM at which they were held, the more
pride would he take in the transaction. It
may be we'll, also, for the people of Ohio to
know, while Secretary Sherman is among
them, that on the day the contract with the
syndicate for the per cents was made the
United States had on deposit in the hands
of the national banks the sum of $2OO,OOO,-
600, and these same banks still have about
$40, 100000 in 4 per cent bonds to loan
Western farmers at per cent. per mouth to
enable them to get their crops into market.
The syndicate have three months to pay for
these bonds, during which time they col
lected the interest, which at 4 per cent. per
annuna is per cent, aggregating $l80,OOO
profit before they were called on fer one
cent. This is not all. The monopoly thus
put in the hands of these bankers made a
corner on the bonds, and they were enabled
to charge 2 per cent. premium on the
600, or, altogether, the profits of this trans
Sherman was $4,000.
Now, who does this money come out Of?
During the extra session of Congress wild
dow of union soldier wrote q member of
Congress that she had certain 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 tine ascertained that her
bonds were among those called in, and the
interest had ceased. She requested the
member of Congress to go to the treasury
department and exchange her bonds for
four per cents. The matter was presented
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 won an had to pay prem
ium of two and half per cent. (the
small dealers must have their profit, hence
the half-cent additionaD, and the exchange
for transmission was half of per cent.
more, entailing a loss equal to nine months
interest 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 Withers was confederate SOL
dier. He served through the war. He is a
brother of Senator Withers of Virginia.
He was appointed q frst-class clerk in the
registers Office of the treasury by John
Sherman, on the recommendation of General
Sherman, whose classmate he was at West
Point.
Colonel Hathaway, editor of the Norfolk
DGy-Book, was appointed in. July by Secre-
tary Sherman inspector of customs at Nor.
folk, vice Inspector Phelps. Hathaway ad-
vocated making bridges of the bodies of
Union men in 1861 in his paper, and was q
rampant secessionist until he recently began
the advocacy of Sherman for the Presidency
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.
John s. Mosby, the notorious guerrilla, is
consul general to China on recommendation
of John Sherman and James A. Garfield,
vice Wells, an ex- Union soldier.
Stephen P. Bailey was major of guerril-
las under Mosby. The Washington RepM6-
kc01e, in the war chronicles of July "a, says:
Virginia infantry were surprised and cap
tured at summervilie, Va, by superior
force of rebel cavalry, under Major Bailey.'
Major Bailey is an inspector of tobacco at
Petersburg, Va, at salary of 81, 500, under
Secretary Sherman.
Robert p. Bailey, son of the major, also
Mosby guerrilla, is assistant inspector of to-
bacco in the Second Virginia district, at
salary of about $4,000.
II. Clay Bailey, also son of the major
and Mosby guerrilla, is deputy collector Of
internal revenue for the Sixth Virginia dis
trict, under Secretary Sherman.
Simpson p. Bailey, a son of the Major,
and Mosby guerrilla, is sub-consul OF Pal
ermo, Sicily, at handsome salary, including
fees.
j. w. Champman, also Mosby guerrilla,
was mail agent, but is now special agent of
the treasury under General Sherman.
j. 81. 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 Fortress Monroe,
Va. Theodore Nelllgar, who served through
the war in the New York Burgess Rifle corps.
was discharged to. make room for him.
In July widow lady named Barnes, the
daughter of stanch Union man named
Pollard, in Virginia, who was shot down in
cold blood on his own door step, in the pres
ence of his family, by Mosby's guerrillas,
applied to the treasury department for q po-
sltion, having the names of fourteen mem
bers of Congress on her papers indorsing
her ability and responsibility; but Mrs
Barnes not being able to organize for Sher-
man, was unsuccessful, while the depart
ments are overrun with the proteges of con-
federate members.
The w.te, daughter, son and s0n-sn-laso
Of Yerger, tAe er-rebel aoho dssasstnGted
Colonel Crane, Of Dayton, Ohio, Of the
United States army, at Jackson, Mss, u.
1866, are all i,a the department here.
Secretary Sherman can also be asked how
it is that the Sherman family are all saddled
on the public. Hero is the roster of tho