The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-16
And Demonstrates, by Aid Of the Congress.
sional Record, that the Five Per Cent.
Economist Sometimes Twists the Truth,
He Likewise Criticises Secretary Fair
child and His Policy in the Treasury.
Judge Allen G. Thurman Visits Shelbyvills
aud Delivers Short Speech Before Big
Crowd of Unterrified Democracy.
HON. JAMES G. BLAINE.



He Neatly Turns the Tables on Mr.. Mills and
Criticises Mr.. Fairch,ld.
New ALBANY, Ind, Oct. 15.-Inclement
weather interfered somewhat with the demon
stration in this city to-day over the arrival Of
Hon. James G. Blaine. Gen. A. P. Hovey, Cor
poral Tanner. Gen. Adam King and A. Louden
Suowden. Toward noon the rain sbsted.
Thousands of visitors from Louisville. Jeffer-
sonvilIe, Charlestown, Madison. Corydou and
other neighboring points tramped about the
muddy streets. At 8 o'clock Mr.. Blaine and
General Hovey held q puolio reception at the
Windsor Hotel, around which several Thousand
people clamored. After shaking hands for an
hour, Mr.. Blaine thanked the assemblage for
the cordial welcome extended General Hovey
and himself and returned to ex-Consressman
Culberson's residence, where he received many
callers during the day. Notwithstanding the
unfavorable conditions. the street parade in the
afternoon was declared by citizens TO be the
largest and most imposing demonstration In the
history of the city. MIR. Blaine reviewed the
parade from the balcony Of the Culberson resi-
dence. General Hovey and Corporal Tanner re-
viewed the column down town. The procession
was forty u inutes passing, and several thousand
marchers were in line. cavalcade OF about
100 young men beaded the column. One of the
noticeable features of the demonstration was
the large number of colored clubs In the process
sion. A club of $50 workmen from the DePsnw
glsss-works carried long glass canes with flags
attached. One of the unique features of the pa
rade large float, upon which rested
and followed by seventy-fvs employees
OF the L., n. A. & e. railroad
The mass-meeting was held at the inter-
section OF Eleventh and Market streets. 1t is
IL
ent. Mr.. Blaine arrived at $3.50. and was gwen
&C ovation. Owing to the damppess, he did not
remove bis heavy oversoat, and early In his ad-
dress asked permission to replace his hat, when
the big audience yelled its approval. crying:
eyes, yes: that's all right; put your hat on,
Blaine. and don't catch cold.'
He ewas in good voice, and spoke as follows:
"Mr. Chairman-Allow me, first OF all, to re-
turn my thanks for your most cordial welcome,
SO eloquently expressed by your representative,
Mr. Bowling respond to what he says, and
say for myself that, though thousand miles
from home, nm still at home. Cheers. am
at home wherever that flag floats. Cheers. l
am at home wherever the popular mass comes
together to uphold the Republican standard.
[Chsers. Last "Wednesday, at Goshen, Ind, 1
stated that Mr.. Eavemeyer, the president OF
the Sugar Trust. had appeared before the ways
aud means committee. whom the tariff bill was
cured an arrangement by which six
millions of dollars were put into the
pockets OF he trust. Mr. Mills. chair
man Of the ways and means committee. in
a special card, printed this morning IN the
Louisville papers, denies chat Mr.. Havemeyer
ever appeared before the COMMITTEES, or that any
such ARRANGEMENT have spoken Of was
made for his benefit. / do not know what Dir.
Mills means by this denial. unless it is that Mr.
Havemsyer never appeared before the foil COM
snittee when IN regular session. IL be means
that he did not appear before members OF the
committee, iG the committee-room. then he is
con,radcted, not by myself, but By the Con-
Rressional Record On page G. 503 Of the Con-
gressiopal Record for the current session, issued
on July 10. debate is reported in which Mr..
Breckinricge, OF Arkansas, member OF the
ways aud means committee, sdmitted that he
had invited Havemeyer and his attorney to the
room of the committee on ways aud means, on
the 18th of April, to talk over the sugar tariff
and Mr.. Breckenridge, Of Kentucky, another
member OF the ways and means
committee, admitted having met Haveme-er
and bis attorney at another time. All that
stated is substantiated by what | now quote
and In consequence, the sugar standard was
changed from No 13 originally reported and
printed in the tariff bill, to No. 16, reported
by the ways and means committee, and passed
the House; aud it was in this change that Sepa-
tor Allison finds the six million Of dollars that
Mr.. Millss committee put into the pockets Of
the trust. / may take Mr.. Mills's denial. if he
chooses, that Haveneyer never appeared before
him; but here were two members of the ways
and means committee who openly acknowl-
edged that they heard, not only Havemeyer,
but his attorney; aud the attorney was skilled
in every feature of the sugar tariff. anu cot only
knew what points were advantageous TO the gov
ernment, but also knew still better what points
were advantageous to the trust. The latter
| point seems to have bear adopted by the ways
and means COMMITTEES, though. perhaps, Mr..
| Mills did not know it Laughter aod cheersl
II find, also, in the papers to-day, q report of
| Democratic meeting in Now York, before which
| Mr. Fairchild, the Secretary OF the Treasury ap-
pesred to defend bis policy of loaning $50, 000 900
of the peoples money to certain pet banks, with
| out interest His defense consists chiefly in
proving that l overstated the amount those
banks could make out of that transaction. He
| says tha, calculated the interest on the whole
sixty millions whereas the banks COM
pelled to keep % per cent OF 1t IN their vaults.
! Poor banksi What a hardship they have to en-
| dure Laughter and cheers. l think Mr..
Fairchild's answer is positively amusing; and il
| recalls TO me the soliloquy of the man who drew
| q $40. 900 prize in a lottery, few yeara ago,
when the habit was to deduct 10 per cent be-
| fore paying the amount. How lucky il
was. eaid be, that 1 did not draw
| twenty thousand; it would have ruined me
| to pay the premium. Laughter and cheers. |
| Mr.. Farchiid does not frankly and manfully
| people how the banks could afford TO buy gov
| ernment bonds when the government itself
could not afford il. If il was an advantageous
proceeding for these banks to invest s60. 900 000
| 10 government OonOs, Wny was not ~ Still more
| advantageous for the government to DO itl
| ICheers. press this question upon Mr.. Fair
| child, for be has not answered why, if the
banks could make to - per cent. upon the
purchase of United States fours, the Treasury
Department could not make as muchl
fcheers when. by doing what the banks do
he could have wiped out sixty millions of the
public debt [Cheers.l / press this question
not only because IL is a pertinent question, but
lis a question asked by one OF Mr. Fairchild's
most distinguished predecessors. When q eur
plus was in the treasury. during the admins
! tration of President Pierce, Secretary Guthrie
applied it to the payment Of the Mexican wal
debt, no, yet due; and the same repeated
| the first six months OF President
Buchanan's administration by Secretary
| Howell Cobb, when the premium wen,
as high as IA per cent for the bonds they autic
ipatsd. Secretary Guthrie was criticised fol
paying premium for these bonds: and be asked
the very question i repeat to Mr.. Feirchild. Hs
asked why those governmen bonds moi
worth as much to the Treasury Department q.
to any purchaser in Wall street applausel, and
that is the question which ask Mr. Fairchilt
to. day. in the name of Secretary Guthrie; for hs
was one of the ablest fnanciers who has admin
istered the Treasury Department since Hamil
ton. But while Democratic secretaries, before
the war; would anticipate, even with premium
of IA per cent. the payment ofthe national debt
Mr.. Fairchild intimates that he will not &,
above 81. 084 for the whole body of Al per cent
bonds still out II was suggested thst be nigh
make per cent He denies, and says he cal
only make 65-100 per cent; as if that were no
worth picking ND on 500. 000. GOO
General Harrison made well-erounded &C
cusation. and used happy phrase when he &C