River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1888-10-25

Z broken BY the admission of California in
( $50 wicked attempt W, $ made to re-es-
I tablish it By the fraudulent admission OF
{ Kansas as a slave State. Since the failure
Of that conspiracy, however, a long sue
cessi0u Of States has been admitted with
{ prompt acknowledgment OF their right TO
Statehood when each was abe 70 send a
I Representative TO bngress lCheers and
cries Of The Republican party did that. -
POLITICAL SCHEME.
But Tow. waen the Electoral College is
50 closely balanced that the power of the
solid South and two or three Northern
Z states TO seize the Presidency may be dis
turbed if 10000 citizens of Dakota are ad-
mitted to their rightful Inheritance, the
I Democratic party and the National Ad
minlstra;ion make a combination 10 dis
{ franchise that large body Of men. II is
worth while, fellow citizens, to contrast
the condition Of Dakota with that of other
( States that have been admitted to the
{ Union. or with al other States that have
been adm tied to the Union, since the old
thirteen first formed a National Govern
ment. Cheers. Dakota is so thorough '
State in all her equipments, in all her
I power, that this year she produces and
sends to market larger wheat crop than
I any one Of the thirty-eight States Of the
I Union. Tremendous cheers. She has
/ within her borders a larger mileage of
railroad than any one of the sixteen
I Southern States except Miss .uri and
I Texas; a larger mileage than any one OF
( the New England States and nearly as
[ many as al New England together; and.
more striking tlan all else. the population
I Of Dakota is larger than any one Of twelve
( States now in the Union. as shown by the
/ last Federal census. &c ieers
THE SURPLUS IN PET BANKS
Fifth-The Republicans arraign Presi-
I dent Cieyeland's Administration for break
ing down the useful policy of paying on
the National debt as rapidly as the sur
/ plus in the Treasury will allow. They
/ permitted bonds Of the United States,
payable at par, TO remain on interest
I while the income OF the Government was
devoted &c the creation of a surplus which
might be used TO pre- udice the financial
and industrial system that had steadily
I produced a condition Of prosperity in the
country
When the surplus was thus designedly
enlarged, the Treasury Department used
it for the first time since Genera Jackson
broke down the old United States Bank,
for the purpose OF loans, under the name
OF deposits" without interest, to bank
ing institutions. lCries OF They did
that
When Mr.. Manning retired from Mr..
C.eveland's Cabinet and Mr. Jordan re-
signed from the office of Treasurer the
two gentlemen established a bank in the
city Of New York, and the Administra-
tiOn OF Mr.. Cleveland loaned them of Gov
erument funds, without interest, as a
fiXei and permanent deposit, 81, 100 900 of
the peoples money. IT, in the DAYS OF
Louis NapOleon's most absolute power he
ha given 40 OO0 francs out Of the public
purse TO two friends. as an aid to a
private enterprise in banking, the bar
ricades won d have been across the
streets Of Paris and a revolution in
augurated against the Government that
cOuId indulge in a favOritism so ruinous
tCheers IL Queen Victoria should re-
quest of the English Treasury that the
same amOunt-E;220.O1O sterIing-shOuld be
issued to two of her personal friends as
an a d 10 speculative venture in bank
ing, the Ministry would have an inquiry
made into the sOunduess Of her Majesty's
mind upon proposition 50 extraordinary.
Applause and a vO &C, Yes, they
won d
And yet Mr. Fairchild, acting for the
President, ordered Sl,lOOOOO Of the PEG
pl 5 money TO be placed in the bank OF
Messrs. Manning and Jordan, and author
lied the bank TO 'hOld that sum as a fixed
balance" / quote the Secretary's exact
language II has been there now for more
than a year, and will probably remain
there for many ears more if the Demo
cratic party should reta the power 20
abuse their trust and use the peoples mon
ey for private purposes. [Cries of You're
right there."I
AID FOR MR.. CARLISLE.
will give another instance of the ad-
ministration OF the Treasury Department
equally offensive and equally aggravated.
Mr.. Speaker Carlisle at his last election
narrowly escaped defeat-if, in fact, he es-
capped il at alI-but he was seated on the
election certificate and held tue place.
His pending ele elton is one of great inter
est TO the Democratic party. and is sharp
ly contested by the united Republican and
Labor parties. As an aid 10 Mr.. Carlisle
in n 5 extremity the Treasury Department
has placed a special deposit which is in
the nature Of loan without interest, in all
the National banks IN his city Of COving-
ton, four IN number, the deposit in each of
the banks excee ing 5000, OOJ, and aggre-
eating S9O.UO1 If there has ever hereto
fore been an abuse of that character known
10 the Treasury Of the United States l de
sire some gentleman competent to instruct
the public to make il known. fCheors and
cries. They can't do it'll II there be
any parallel to the use of the public mon
cy so sean ialOus and so corrupting I de
sire that may know II, and apologize to
the Trca ury Department for arraigning
them as the first who have ever entered
upon policy Of personal favoritism at the
expense Of the public Treasury. Cheers
Bat on a larger scale. and as between
communities rather than individuals. look
of -N.fF he far huG II hac
placed in the State Of New York. in banks
Of his own selection, nearly $l3 0l1,OO0 Of
Treasury funds. and in this Great Western
body Of States. comprising Illinois. Michi-
gan, Wisconsin. Minnesota. Iowa, Kansas
and Nebraska, with double the population
of New York, and in special need of ready
money at this time TO move the crops for
ward to market, the Secretary has given
but little over $500 900. the rule If the
Secretary apparently being that to a State
Of political i'm Iortance TO the Administra-
ton s.iI 0Jl0O Is given. aud to seven
States with double the population that are
hOpelessly Republican considerably less
than half that amount Applause and
cries Its a shame" Such political
gambling and personal sporting with funds
of the common Treasury of the people of
the United States have never been dreamed
Of before in this country. Think for mo
ment. If any man hal proposed a law that
with all balances in the Treasury beyond
the immediate requirements Of the Gov
eminent. the Secretary might loan them,
without interest. under the guise Of depOs-
its. 20 whom ne pleased and pace them
where he pleased Was there ever
Senator or Representative bOlI enough to
vote for that measure, And set il is pre-
cisely what Secretary FAirchiid is now do
ing with the surplus IT, the Treasury.
Applause aud cries OF Its robbery. u
And an this too, in Tho face of Mr.. Cleve-
lands own pointed condemnation Of such
practice in h.s mes sage TO Congress in De
center. lSSs. when he said;
The proposition 20 deposit the money
held by the Government in banks through
out the country for use by the people Is, il
seems Il m-, exceedingly objectionable in
principle a. estabiis ing too close a re-
lationship between the operations Of the
Government Treasury and the business OF
the country. and too extensive a COM
miugling Of their money. thus fostering an
unnatural reliance m private business up-
on public funds. II this scheme should De
adopted il should only be done as a TEN
porary exped ent 20 meet an urgent neces-
sity. The legislative and executive efforts
should be in the opposite direction, and
should have a tendency TO divorce, as much
and as fast as can safely be done, the
Treasury Department from private enter
prises