The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1885-05-28
PRESIDENT AND PARTY.
rr. Randa,l's rs EstIn,nte OF tho Situation.


WASHINGTON, May 1s.-Your CORE.
spondent had to-day very interesting
conversation with Mr. Samuel J. Randall,
which, with his consent, was later written
down and Is now, with his permission,
sent to the Herald, after his revision. !
1t will be observed that Mr.. Randall
speaks with entire freedom and frankly
Of the political situstion. of the President
and the Administration, and Of what, in
his Judgment, lies In the future as to
parties and politics. r.
Your correspondent asked, "Whs. do
you think Of the Administration 2"
I Mr. Randall replied: "In my judg.
tNnent it is going on as we'll AS possible,
edad am certain that it 10 making good
doi,pression on the people. ! notice some
inc finding here and there, but I notice
we That no one pretends to doubt the
vear a. Ny and honesty of the President's
That at Ups. When SO great q change
team vearas after Q quarter of century, II
i'm" Tn oSle but that some minor efrors
of tbt debt 1ade. But the people do not
but an nosinI& with public men for small
rate T. viii he Hdgment, If only they see
the last vestipsst and sincerely desirous
system will be calperal interest; don't
holders of the bot one OF either party
them whom they aRcss nsil:., nonest ana paIri'
choose to keep them aolitY az. anu ue.efn.. !.
the interest from the>efeiy MS party but
So Of course they will BIG 49,. p-,,,,.u.
up and give up their bank 'he ifesiueh''
other means is found for CO - .;
existenCe. The banks noTe oi nim hh9 =
one.third Of the bonds Y ene more
securing their circulation by tnn e nis nlnu, mn,
So that there remains but abb WIZ \. !.
seven hundred million dollarsn tsay he
bonds thas con be taken up befo. .a;h;,;,U GL; uU
foundation of the banks must go. Tu,.y r.o.;nyy
will be absorbed In ten years at the fssa;,' fsto
ent rate of paying off the national DEAN as.
Even now, OF every bond call some sn.
the bonds held by banks are being called
foi, but at present the banks may replace
those called with others bought on the
markets. But by and by the number left
over will be so small there will be moth.
ing to be bought to take the places of
those called. Yet with possible life of
but a little over decade, the number of
banks goes steadily on increasing until it
reaches 5000, with capital Of between
five and six hundred millions.
The number of banks organized this
year will not be quite 40 large as last
year. Those of last year outnumbered
those Of any preceding year. The growth
In amount of capital in the past two or
three years is not so noticeable as in some
other years, for the privilege given them
some two or three years ago Of organiza.
tion with capital as low Us $4,000 has
lessened the aggregate capital put into
the new banks. Probably three fourths
Of tho new banks organized now have
capital not exceeding $4,000.
New York and Pennsylvania are the
great States for national banks, rs they
are 70: cigarmakers and political bosses.
New York has about 800 of them, and
Pennsylvania something like 25O. OIL
ell the cities Of the country, however,
Pittsburg removes the dilapidated linen
from the shrubbery as location for
national banks. There are twenty-five
of them, or half as many for this city of
one hundred and seventy. five thousand
as for New York city, with its million
and q half of people. There are only
three cities in the country whose banks
reach as large number rs those of
Pittsburg, and yet there are eleven with
larger population. Cincinnati Times.
Star.