The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1881-04-20
WINDOW. THE STOCK JoBBER.

The New York World of Friday last de-
votes three columns of its space to the
points and summary of the brief of MessrS.
James Emott and Joseph II. Choate in the
case of Willard against the Northern Pacific
Railroad Company. 1t lisa document that
should have the widest possible circulation,
from the fact that it brings into prominence
the corrupt stock jobbing transactions OF
Mr.. William Window, Garfield's Secretary
OF the Treasury That the country now has
at the head of its fiscal affairs man stepped
in stock jobbing denominations there can be
little room for doubt. The burden of proof
is AL that way. In commenting upon the
brief submitted by Messers. Eniott and
Choate the World says
II recites the history of an association which
can only be exactly described ring formed
TO obtain charter for the Northern Pacific Rail.
road, to build that road out of the proceeds of
bonds, and TO issue stock TO its own members for
which nothing whatever should be paid. The
members of the ring assessed themselves s., 500
each. or slO2, 900 in all. for the purpose of pro-
curing from Congress a charter 10 serve as the
basis of their predatory operations. mot a share
OF common stock" the brief we arc citing states,
"has been paid for or lawfully or properly Is.
sued" OF this common stock Mr.. William Win
dom, who during some OF these transactions was
a Representative and during the rest of them a
Senator of the United States from Minnesota.
and who is now Secretary of the Treasury of
the United States, has just been put on record as
claiming at least more than 1000 shares. How
did he get them? The brief tells us that not a
share OF his stock was paid for or lawfully
issued" and Window was not one of the mem
bers OF the original ring. How did get into It?
The presumption is overpowering that he got In
by such services as were TO be expected from a
Representative and Senator who turns out to be
large stakeholder in corporation the projectors
OF which found IL necessary TO put up $4,000 to
secure a charter for IL, and to secure such other
friendly legislation as IL might need, including a
joint resolution, approved in 1869, giving IL the
permission, which had been expressly refused in
its original charter, to mortgage its road and an
other joint resolution approved I'm 1870, giving IL
permission to mortgage all its properly.
That Window paid for his shares by using
his vote and influence in Congress there is
no doubt. He paid no money He was not
one of the original ring. If, therefore, he
got in, it was by such services as he could
render the Company rs Member of Con-
gress or a Member of the Senate, and this
supposition IS strengthened by bit of posi-
tive evidence as to the nature of Window S
services to the ring.
In the Congressional Record for January
Is, 1869, may be read the following interest
ing and suggestive statement:
/ Mr. Window introduced a bill Oh. r. No.
726) additional to act granting land to aid in
tho construction of a railroad and telegraph line
from Lake Superior TO Puget Sound on the Pacific
Coast by the northern route; which read a
first and second time and referred to the Commit
ee on the Pacific Railroad
Window is probably more corrupt, or as
corrupt, as any man who served under Grant,
and his recent funding operations are well
calculated to add to the feeling of unrest
that pervades the public mind on account OF
his gross usurpation of power with regard to
funding operations, for which he deserves
impeachment, an escape from which, says
the World, "Mr. Window no doubt relies
upon a narrow partisan majority Of Con-
gress-a narrow partisan majority now pre-
cariously maintained i'm the Senate by the
uncompleted purchase of the Readjuster
Malone, and certain, if general election
were to be held this autumn, to be wiped
out altogether in the House 1t may very
probably be wiped out there even as things
are, by the election held to ill vacancies in
Districts commonly doubtful, which tn.
course of the administration and of the Sen
ate is rapidly turning into Districts undoubt
eddy Democratic"
Such is William Window, the man showr
to be a corrupt stock-iobber, and who no
only usurps the powers of Congress in deal
ing with the finances of the Government
but who for corrupt purposes permits tn,
banks to dictate his policy.
IT is possible, as the season advances, tina