Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1888-10-25
BLAINE is RIDDLED.
SCOTT REVIEWS HIS ATTACK UPON SECRE'
TARY PAIRCHILD.
The Administrations Bank Deposit Policy Ably De-
fsndsd-Gsneral Polihes-lndnna Safe
Beyond all DOub!-Ths Situation
Encouraging in Other States.

NEW YORK, October 24-Hon. William
L. Scott, was at National Democratic
Headquarters this evening, and took occa
sion to criticise the most recent statement'
Of Mr.. Blaine, about treasury deposits IL
National banks. He said that no ont
could think that the originators of th'
present sub-treasury system conceived th'
idea that the people could be taxed to sucf
an extent as to draw surplus Of from ont
hundred 10 two hundred million dollal
from the bus siness and circulating medium
of the country.
In the correction Of Mr.. Blaius's misIep
resentations in the course of comparison
instituted by him between the action ol
our government and that of England and
France under similar circumstances, MI
Scott says: "Mr. Blaine comparts Inc
financial policy of our government
with that of England and France, and ne
does it in such way as to show that he
is either ignorant of the subjsc or that he
ia treating it with wi lful misrepresenta-
tion. The Bank CT England Is purely 0
private corporation. The government OF
Great Britain has no more to do with 1T
than it has with any other corporation
chartered by and un:es the authority OF
its Parliament. The Bank Of France ls
also private corporation and the French
Government has 20 interest in 1t. The
Bank of Euglsud is the financial agent OF
the f aglish Government, and IS l under
stand the syctem the revenue az collected
are daily deposited in the bank without
inters 81 or security, 30 that no part OF the
taxes collettei in Eagland is ever with
drawn from the channels Of trade and COM
meres. 1t is left where some one can
borrow it, if the government has no uss
for it.
"The Bank of France is also the finsn'
cial sgsnt of tie French government, and
the revenues of France are deposited in il
aud withdrawn from it as 10 England.
Neither the Bank cf Englsnd nor the Bank
of France, is required 10 deposit govern
mept securities for any balance due. There
are no such banks in the Unite 4 States as
the Bank of England and the Bank oi
France. The Democratic party during the
policy of Andrew Jackson settled the
auestion finally and forevar that this gov
ernment should never create ror permit
the growth Of grsat monster bank which
might become more powerful than the gov,
ernment itself.
wherein then does the policy adopted
by the Secretary Of this Treasury, in max.
ing the deposits he has in the national
bauks differ from the system of govern
ment deposits existing not only In Egg,
land aud France, but also in GeImsny.
Tni, is especially true when all the
national banks, regardless of the Ioliticsl
creeds of their officers, have been treated
alike. In my city the officers of the largest
national banks, 10th as regards capital
and deposits, are Democrats, and they
neither have, nor could get governmsn'
deposits, because the quota as ugoed to the
locality had besn filled. Two or three
national banks whose officers are Republi
cans have such deposits, and yet Demo
crst5 DO not claim that these Republican
banks are robbing the government.