New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-22

icsns Under the name Of d.posIts' without interest
70 banding Inst wnsn on, MI nanhns rcTrpe
from rho Office OF Treasurer. the two gentlemen IS
aSshcd hank the & Of loaned sn a Of Cove
eminent funds, without interest, a. liked ana per
manent deposit ~ looo,9 OF me pcopi,s noney;
RoTor on he framed asa e oHf the and pubic SIS
In banking, the hsIricad~ would have been across
against the Government that could indulge n IA
vonsm uinous. Checr'l II Queen Victoria
should request Of the English Treasury t.at the same
amour, should be Issued to two Of her personal
friends aid 10 speculative venture IN DsnAns,
the Ministry would have made , an MIN INJURY 1o .9
SO Tf lyr hnd c mr. ae
5s m Se placed IN the bank Of cs Naming
and Jordan. and authorized the bank to nola LIZ
exact language /, has been there now ior more than
a yaar and win probably remain there for many
Inower 10 abuss their trusts OF tn" peoples money
Tor private purposes viii give another instance OF
e'mailv offensive ard equally aggravated. As an
aid TO Nj. Carlisle in HIS extremity, Tho 1reasury De,
The nature Of loan without interest, In all the Ma
lonal banks IN HI CITY Of Coyngon four In s 5n
600 and aggregang nearly 100000 II there has
ever heretofore been an abuse OF ,s ia,o GSss
some gentleman competent to Instruct the pubic 70
make It known tCheers) II there be any parallel
corrupting. desire that may know Il and apologize
- % TGa,y nrar~n dor r syp'sp noIIcy n Of pe ~
favo1sm at the eA pense OF the pubic treasury
But on larger scale, and as tctween communities
rather than individuals look al what The bccrel airy
in hanks Of his own selection, nearly thirteen millions
Of dollars Of Treasury funds and In this great Wrsl
consln Minnesota. Iowa Kansa. and Nebraska, With
double the population Of n ,s * m aoS II the ero
forward market, the Secretary has given lt'ic over
being that to state Of political importance to- the
thirteen millions are gwen, ana arc TO
RopeIcssiy Rcpubcan considerably less Than half tina,
amount Pause such political so SamDlng as aru
Of the people Of the United States have never been
dreamed of before in this country Ihnk ior
aI balanccs IN he Trsasry bcyond The immediate
rcqure ents Of the Government, the Secretary mign'
oap them without Interest under me b g,S be or he
pleased Was there Scn'tor or Representative
precisely what Secretary Farchild IS doing with
the surplus in the Treasury (Applausc)
FALSE PRETENCEs ABOUT TARIFF AND SURPLUS
Sixth, lastly, the Republicans aIraIgn the President
fon dberae attempt to destroy the protective system
of this country b. using against It as an argument It's
tendency TO produce a surplus in the Treasury, when
not one dollar Of surplus would be there If the money
had been lawfully expended in reducing the pubic detf,
Instead of being loaned out to pei banks ana Tor the
benefit OF political favOIltes. The friends Of tho
President aprar ntly authorized By himself pending
HI. eeciion gave the people OF the unted States
pledge that the Democratic party would not, during
his Administration. sault OF endanger the p!OectFc
tariff It therefore uron the people as genuine
surprise when the President charged the protective
system with being the Of the surplus which had
been indus 'lousy accumulated to the neglect OF grave
duty. IS ! have doscrb d. ,Cheers)
The prctcncc that there no authority TO buy
bonds at premium was long ago exposed in both
houses OF Congress. and the people that money
loaned for indefinite period to Mr.. Jordan's bank
in Ncw-Yorh or placed In the Coyington banks to aid
the election OF ,r. Carlisle ought long 10 have been
fop NJ oil fqt- n
reduction Of the public debt. (Chcers)
In my judgment. the people Of the United States
ere not 10 be hurried INTO free trade by DanicAy
from President secretary. TOO many great in.
crcsts dependent upon Il interests Of capital and
labor interests In the Fast. In the North and tho
SOrih-grcat Interests common TO the whole Union.
shall rot oncht argue the question further than
TO- arraign the President for preciptatng it In an I'M
prcccdentcd manner and for having used cXtraOr- !
binary TO create prejudice against the protect
i've system and with dcluslvc argumo nts TO commend
the destructive theories OF free trade TO the pcopr
When understood by tn" people. the Presidents method
of approaching the question viii SfrcnCfh hen the cause
OF protection and not weaken H. and will in my judg
ment I'm the md prove one OF the potent causes OF his
defeat at the approaching election Tremendous