The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1883-12-19

petfate0, ana now tnat fOlRer mas hiaue
new demand for more sinking fund funds.
Senator Beck calls halt aud demands that
the Sinking fund.- desdfall shall be inVesti-
gated. During this debate Senat Becks
resolution some startling iacts were dis
closed. Senator Beck's resolution was adopt
ed, and Secretary Folger will have to show
his hand. The intention OF Senator Beck is
that further concealments shall not be toler-
ated. Senator Beck in stating what kind of
information he wants FROM the Secretary of
the Treasury, says:
desire him 10 state accurately as he can from
the books Of his Department what under their sys
TEN will be required annually until the maturity
of the per cent bonds in 1907. He tells us that
the present surplus will give US s7OOOO0.OOO more
than We require, and the sinking fund alone at
10000 600 year up to the time when the last
bonds mature In 1907 will find in the Treasury OF
the United States. taken from the people by taxa
tlOu hundreds OF millions of dollars that can not
be applied to the payment of the debt ii the Alb
surd system suggested in this report of $50 900
to be kept up sll the time is maintained.
In the statement OF such facts the people
discover the Republican device to get their
money into the Treasury done, the
Republican bosses have a method of book
keeping by which account always balance
no matter how much has been stolen. During
the debate on Becks resolution, Sherman,
probably the most corrupt rascal who has
ever had the public debt and the public
finances in charge, unless it be that Folger
and his subordinates are equally as corrupt
attempted TO make an explanation, but
only made things worse for himself and his
party. In fact he Numbered at every step, as
Senator Beck promptly showed when he
said
Now as between myself and the ex-seeretsry of
the Treasury. who is careful about these things,
there is at least 500 600 900 difference as to what
il the truth He said himself, rs Secretary. when
we had paid off ss56. 600. 900 of debt that had
overpsid the sinking fund s225. 900 900. Now we
have paid of 81 246 Ooe 900 OF the debt and hesays
We have only paid the sinking fund two hundred
three hundred millions, when il is perfectly OBJ
vious that we have oyerpaid what is required for
the sinking fund not less than SO, 10000. As he
and disagree about 500 600 90 000 is il no. we'll
before meet In Committee to discuss the posi-
ton to Know exactly from the Secretary OF the
Treasury what the fact is so that there may be NO
S0o. 600 ooe difference between the Senator from
Ohio and myself?
900, 900 wrong, but that amount wsuld not
be startling if the people could once be ac-
curate.y informed as to the sum total of Re-
publican steallngs Senator Plumb, of Kan
sas, came to the front and at once explained
to the Senator that the sinking fund" into
which Arthuts "Folger and fraud wanted
to put so, 600 900 year, is itself . stupen-
dious sham. has no existence and never did
have an existeEce. He said:
Mr. President we seem to be engaged in a dis
cussion about the sinking .und. but as under
stand practically it has not been for many years
anything but simply matter of bookkeeping.
There has been certain amount OF money applied,
at all events for many years. on the books of the
Treasury in excess OF the amount required by
what is technically called the sinking fund; but
understand that practically no dollar of money
ever went into it-nether q dollar in money nor y
single bond OF the United States and consequently
the sinking fund has simply been something repre-
scented by certain entries the books of the Treas
ury, but nothing in the vaults OF the Treasury.
and 1t is a fiction that is proposed to be Kept up.
That would seem to be sufficient to enable
Congress to get rid of one hole into which
Republicans have found it easy enough to
| stow away numerous millions OF dollars, and
account for them by system of book-keep-
ing which keeps the account OF fiction"
Such is Republican management OF the peo-
pies money. 1t is system OF extortion,
| corruption. embezzlement and theft Here
we have the testimony of Republican Sem
ator that no dollar of money ever went into
the sinking fund; that it is a mere matter of
! bookkeeping" fiction" and therefore a
| fraud.