Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1888-10-14
GREAT SPEECHES
BY FAlRCHILD AND CARLISLE

Dl FAlhGnlLU hAU GhnIlDLE
They Talk Democracy to New York &er
| chants.
DEMOCRTIC FINANCIAL P0LICl
Defended by the Secretary and Tariff Reform
by the Speaker.
NEW YORK, October Is Everything
was favorable fJr the big demonstration
for Cleveland and Thurman downtown
business men this afternoon, ard tn,
meeting before the sub-Treasury in Wal
street snd the subsequent pre- assion ~
town were fully equal to the hopss of the
managers. The meeting was presided ovel
by Jos. J. ODonohue. When Secret iry
Fsirchili arose he was welcomed with {
roar of applause. He spoke as follows:
BUSINESS MEN OF NEW YoRK:-Wher
I have the honor of thus addressing you
feel that 1 am speaking t, the whole coun'
try, for you represent and are in touch with
the business and business men of every
part of the Union. Whatever is vel fol
the business of Maine, of California, a
Minnesota, of Texas, and of the Carolinas,
is we'll for you, and what is bad for you is
bad for them. By toe force Of untOward
circumstances the office which 1 happen
to fill is one Of the mo It important factors
in the couutry's business. 1t is not GIT
that this should ba the case, and I b slleve
that another ter Ii Of Democratic admins
tration with a Congress pledged to sup.
port il in wise measures would result in
such reform as substantially as 20 elimi-
mats the Treasury Department f;om your
affairs, thus curing an abnormal condi,
,ion which has within its possibilities
Of great injury to legitimate business and
great wrongs whenever the head of that
department may be unwise and uufaith'
full. It's not at all necessary that this
condition should exist, and it is the mis-.
sion and duty of tie Democratic party TO
put an end to it.
Mr. Fairchild proceeded to explain the
adninisha ions policy Of de2osi log
enough money TO meet the extraordinary
expenses of the government, or about S57.-
600 600, in national banhs, defending it
on the ground that it relieved restricted
money market, and offered additional ia
cilities to business.
If all Republican Secretaries, he said,
bad been as wise as was Secretary Win.
dom all of our bonds would row be sub
jrc.ed to call and the whole national
debt could be exiinguished in about eight
year,, but they were not 81 wise, aod i Il Q
reycou ues are not reduced our ouly recourse
will be thu purchase of bonds at ever in
crossing premiums.
HARRISON SCORCHED.
I observe that the Republican candidate
for Presiceot seems to favor this latter
course. Oae reason which he gives for this
is that if it is well for men 80 hold tie
bonds at high prices then it is well for the
Government to buy them at high prices
But how is it when it is well for The hold
ers to sell them? Is it well for the Gov
srument to buy them? Under this logic
no bonds would ever be bought. Probably
the same mental state induced this and his
other observation, that q study OF max
inns, rot of mail ksts" Caus d the bsliet
tist duties added to the cost Of dutiable
articles. Government fiuagcs cannot
he snccessful v conducted if such logic and
the 1--we of ALTERATION are to take the
place of sound business judgment. As a
matter of fact you all know that it is
sometimes well for tome men to loan or
place some of their money where it will
be perfectly secured at low rate or a. no
rate of interest. You ell know that it lie
sometimes well for government to borrow
money at high rates of interest and al
other times 10 purchase its bond at high
prices. You also know that some men Can
aud some cannot employ their money
batter than losning it 10 the government
md You know that it is for the interest OF
some to1dholders to sell and OF Others rot
TO sell their bonds to the government.
BLAINE's FALsEHooDs.
i uhNt ScCu III tuC bC"SpapCio thab hiA'
Blaine hiss tho ught fit to try his we'll
known skill in deceiving the pablo up,n
this question of deposits IN National
Banks. He SAYS that with money at >
per cent q deposit Of $4,000, 600 would
be gratuity 10 TIE National Banks hold
ing tie money of $3 0O0. 900 year that IL
not true. The profit 10 the hanks could
not exceed S40O 900 or 1000. 0OO Of
Government deposits, money at re:
cent. He s.ys thu; he reads that Col. Br c.
has million Of surplus in his bank.
Until within q week l did not kr oE
whether this were true or rot for until then
did not know whether or net Col. Brce
had q bank or was interested in bank
[ had never before heard of him in con.
uection with bank, but it was possible
that this was true, for any bank which
applied at the proper time and offered the
security would have gotten a deposit OF
that amount. One million one hundred
thousand dollars was tie maximum al
loved to any one bank. II it had been
true it WAS well, for the money was as
safe as the future and honor Of the Demo-
cratic party in Col Brice's hands. Aft
tie Doe tpooement of this meeting last
Saturday, l NIT C,l B.ioe for the
ficst time, and asked him about
this ststeme.t of Mr.. Blaine's.
Col. B. ice told me that he owned msj or-
ity Of the stock of bank in Ohio, but that
tAe bank never had government dt p osit
that he also had some stick in the Chase
National Bank of New York, Of which, il
politics are to he considered, it is proper
to say that Mr.. Cannon, the la,t Rspubli.
can Co nptroller of the Currency, Is Presi
dent. and that majority of the d rectors
are Republicans. / fiod that this bank
did have q desposit Of 81, 100, 900, which
it has repaid to the government recently,
not finding profit Of $50 900 q year, q;
Mr.. Blaine states or probably any profit,
CARLIsLE's SPEECH.
When he had finished, Mr.. Carlisle wal
Introduced. He was also warmly greeted
He spoke as follows.
"The Secretary of the Treasury, in th'
speech to which you have just listened
has made such clear and satisfactory
statement concerning the conduct Of You
fin,ucial affsirs, during the present I'D
ministratior, on al disI uted Joints o.
Least. that there is nothing left for me Il