The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1888-11-14
BLAINE GIVEN THE LIE.
Hueh S. Thompson Shows the Utter
FaIsity of the Statements of the Plumed
KuaVe Kespectiug the Treasury.

FaIsity of the Statements of the Plum et
Kuave Respecting the Treasury.
A Washington special to the New
York Herald says: I called tonight a
the residence of Acting Secretary of the
Treasury Hugh S. Thompson, in relation
to the following declaration made by
Mr.. Blaine in his speech at New Haven
Conn. Mr.. Blaine is quoted in to-aay's
Herald as saying on that occasion:
"I find that there has been $50, ,00(
loaned 10 the national banks without
interest. I say loaned to the national
banks, the pet banks, while only 81,
500, 600 have gone to pay the debt OF
the nation during the past month.
Governor Thompson read the para
graph carefully, and then with great
deliberatiou said: "rhis is of q piece
with the many other wilful misrepre-
sentations which Mr.. Blaine has made
about the treasury department. No msu
who has been as long III puolic life as
Mr.. Blaine, and who is familiar with
public matters Us he, could have made
that statement and believed it to be true
when he made it. Mr.. Blaine's obvious
purpose was to deceive the masses, but
he knew perfectly well that no banker
or other business man familiar with the
treasury statements, which are issued
monthly, would be misled by his mis-
representations.
ssThe last public debt statement, is
sued November l, shows that the debt,
less the cash in the treasury November
l, was about 81, 500, 900 less than it was
October l. This MIR. Blaine assumes
to represent the actual decrease in the
public debt. AS matter OF fact" con-
tinued the acting secretary, 81 purchased
during the month of October OF the
interest bearing debt over $4,000, 600
worth of bonds. I cannot state the
premium accurately, as have not the
data at hand, but | should say, speaking
generally, that it amounted to upward
of 81, 500, 900 additional, making in all
about $50, 500, 900 decrease in the debt
during the month of October"
Passing to the oft-repeated charge
that the secretary of the treasury had
loaned $50, ,000 600 to the national banks
of the country, without interest, Cover
nor Thompson said:
"The object sought to be conveyed by
this statement is that the benefciaries
in each case are banks owned or con-
trolled by Democrats. My best reply
to this is quotation from the speech
delivered by Secretary Fairchild at the
business mems meeting Wall street on
the 18th of October last. Referring to
this very charge MIR. Fairchild said:
"I need not add that there was abso-
lutely no favortism in this matter, the
banks were designated and deposits
made in the order of the applications,
political and personal friends and foes
were treated exactly alike, the widest
possible distribution was sought, until
almost every State and Territory had
one or more repositories and could use
of the money which rightfully belonged
to their business. There are number
of banks with deposits of million and
over. I know the politics of the officers
OF very few of these repositories. But
I have in my mind now a half dom
where I know the officers to be promi-
nent and jealous Republicans, and l
can think of but one where the officers
are Democrats of prominence. But I
have never given thought to the poll
tics of the bank officer. My only thought
was the security of the deposit and re-
lief to the public from financial dis
tress.'
referring to Mr.. Blaine's further
declaration that ont of the $50, 600, 600
thus loaned large sund had been pro-
vided to re-elect Mr.. Cleveland, the act
ing secretary simply remarked. THAT is
too absurdly false to dignity with de-
NAL"
The Western National Bank got
money on deposit of national securities,
Just as hundreds of other national banks
got it. The amount could not exceed
million of dollars, and in putting it out
the treasury knew nothing about the
political preferences of any bank presl-
dent or other officer.