Morning journal and courier., 1888-10-16
News by Telegraph FROM ALL QUARTERS. PROVES HIS STATEMENT. Mir. BIaine's Answer To
 Roger Q. Mills. CHINESE MUST STAY OUT. Cases Decided Under the
 Exclusion Law. MORE RIOTS IN CHICAGO. Congress May Adjourn To-
 Morrow.
MFR. BLAINE REPEATS


 dIcted- by Roger Q. HTills-The Rsc- ords of Congress to the Rescue-Ex- posture of the Democratic Policy Of Nursing she Surplus.
 NEW ALRRNY Oct 16.-Inelement weather interferred with the Blaine demonstration to- day but thousands of visitors poured into the town. There WAS reception at the Windsor Hotel, at which MT. Blaine was kept busy shaking hands for an hour, and this after noon there was an imposing parade which MT. Blaine, General Hovey and Corporal Tan ner reviewed. In the course of his speech Mr. Blaine said: At Goshen last Wednesday stated that MT. Havemeyer, the president of the sugar trust, had appeared before the ways and means committee when the tarih bill was pending, and according to Senator Allison had secured an arrangement by which $6, ,000, 900 was put into the pocket of the trust. MT. Mills, the chairman of the ways and means committee, in special card denies that MT. Havemeyer appeared before the committee or that any arrangement such as have spoken of was made for his benefit.
 ooRRoBoRATED BY THE RECORDS.
 I do not know what MT. Mills means by this denial unless it is that MT. Havemeyer never appeared before the full committee
 
 Mir. Havemeyer did not appear before the members of the committee in the committee room, then he is contradicted, not by me, but by the Congressional record. On page 6, 503 of the record for the current session is- sued on July 10 debate is reported, In which MT. Breckenridge of Arkansas, a mem Der of the ways and means committee, ad- mitted that he had invited MT. Havemsyer and his attorney to the room of the ways and means committee on the 18th of April to talk over the sugar tariff and MT. Brecken- ridge of Kentucky, another member of the ways and means committee, admitted having met MT. Havemeyer and his attorney at an- other time All said is substantiated. NURSING THE SURPLUS.
 find also in the morning papers to- day report of Democratic meeting in New York on Saturday, before which Mir. Fairchild, the secretary of the treasury, appeared to defend his policy of loaning sixty million dollars of the public money to certain banks without interest. He does not explain to the people how the banks could afford to buy government bonds when the government itself could not afford to buy them. If 1t was an advantageous proceeding for these qanks to invest $60 100000 in govern ment bonds why was it not more advanta- geous for the government to do it? press the question not only because it is pertinent but because 1t was asked by one of MT. Fairchild's' most distinguished prede- cessors. Secretary Guthrie during President Pierce's administration was criticised for pay ing 8 premium for bonds, and he asked the very question now propound to Hr. Fair child, viz: Why those government bonds were not worth as much to the treasury de- partment as to any purchaser in Wall street. (Applause) That is 8 question now ask in X the name of Secretary Guthrie, who was one \ of the ablest inanciers in the administration N 1f Ina m HauNiItSU General Harrison used c happy phrase \ when he accused the administration of nurs- ' ing the surplus. If MT. FairchiId had in- \ vested $60, ,OO0, 900 in United States bonds it | would have appeared in the surplus. The [ further fact is revealed that there was at that date $50, ,000, 900 of 3 per cent. bonds that | could have been called in at par and that they were left in the hands of private hold CTS drawing interest and in order that the bugbear of 6 surplus might be raised, and, ! as MT. Harrison says. carefully nursed. (Cheers.)
 FIGHTING FOR FREE TRADE TARIFF.
 And now, with a surplus artifoially, stu diously and consistently piled up, the Demo- cratic administration asks that its future growth be averted by destroying the pro- tective tariff and revenue or free trade es- tablished in its stead. Does not Secretary Fairchild kaow that @ reduction of the rate of duties will largely increase the imPorta' ton and largely incre ase the surplusi If he ! does not know 1t, let him recur to the cause that brought on the financial crisis of 1887 I and the financial crisis of 1857; and if he if not satisfied with these practical illustra- tions in his own country, lot him go back 17s years to the reign of Queen Anne in Eng
 land, when Dean Swift informed the minis
 try that he might double the duty and halve l the revenue or halve the duty and double ths ! revenue MT. Fairchild proposes, by way
 of getting rid of the surplus, to halve ths duty and double the revenue. Oaughter.) Mir Blaine concluded with some reference to the tariff and it's relation to industrial in
 terests in the vicinity of New Albany. In | the evening there was a torchlight parade l and General Hovey and Corporal Tanner ad
 dressed large audience. Mir. Blaine and his party leave for Lafayette at o'clock to- morrow morning. He speaks at Tippeeano' battle ground Wednesday afternoon.