The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-10-16
BLAINE in INDIANA.
A Great Crowd Turns out to
Hear the PIumed Knight.
HE ANSWERS MR.. FHIRCHILD,
Secretary OF the Treasury-IIc also
Pays His Respects to the Sugar
Trust-APointcd Referenccto
the Campaign of 1881.

Il
NLw ALBANY, ND, Oct. l5.-Incle
ment weatherinteriered somewhat will
the demonstration here to-day over the
arrival of Hon. James G. Blaine. At
o'clock Mr.. Blaine and Gen. Hovey held
a public receptian ut the Windsor hotel
around which several thousand people
clamored.
The mass meeting was held at the in
tersection OF Eleventh aud Market
streets. It is estimated from 10000 to
10000 people were present. Mr.. Blaine
arrived at $3.50 and wasgiven an ovation.
He was in good voice and spoke as
follows:
Mr.. Chairman: Last Wednesday at
Goshen I understood that Mr.. Have
meyer, the President OF the Sugar Trust,
had appeared before the Ways and
Means Committee when the tariff bill
was up, and according to Senator Ali
son, had secured an arrangement by
which six millions OF dollars were put
into the pockets OF that trust. Mr. Mills,
chairman of the Ways and Means Com
mittee, in speech printed this morning
in the Louisville papers, denies that
Mr.. Havcmeyer ever appeared be.
fore the committee, or that any
such. arrangement as | have spoken
OF was made for his benefit. On page
| 6,503 OF the Congressional Record for the
current session, us issued July 10, de-
bate is reported, in which Mr.. Brccken-
ridge, OF Arkansas, member OF the Ways
and Means Committee, admitted that he
had invited Mr.. lIavemeyer and his at
torney 10 the room of the Committee on
Ways and Means on the 18th Of April to
talk over the sugar tariff; and Mr.. Breck-
enridge, of Kentucky, another member
OF the Ways and Means Committee, ad-
mittcd having met Havemeyer and his
attorney at another time. Take Mr..
Mills denial, il he chooses, that Mr..
Havemeyer never appeared before him ;
but here were two members OF the
Ways and Means Committee, who open
~ acknowledged that they had heard
not only Havemeyer, but his attorney;
and the attorney was skilled in every
feature OF the sugar tariff and not only
knew what points were advantageous
to the government, but also knew
still better what points were ad-
vantageOus to the trust. The lat
ter points seem to have been
adopted by the Ways and Means Com
mittee, though perhaps Mr.. Mills did
not know it. Laughter and cheers l
find, also, in the papers to-day a report
OF n Democratic meeting in New York,
before which Mr.. Fairchild, the Secre-
taty OF the Treasury appeared to defend
the policy OF looming sixty millions OF
the peoples money to certain pet banks
without interest. His defense consists
chiefly, in proving that l overstated the
amount those banks could make out OF
that transaction. lie says that | calcu-
lated tho interest on the whole sixty
millions, whereas the banks are COM
PEELED to keep twenty-five per cent
OF it in their. vaults. / think
Mr.. Fairchild answer is perfectly
amusing, and it recalls the solilloquy OF
the man who drew ten thousand dol
Ian prize in lottery few years ago
when the habit was to deduct fifteen
per cent before paying the amount.
"flow lucky it was" said lie, "that ]
did not draw twenty Thousand. 1t would
have ruined me to pay the premium"
Laughter and cheers. Mr.. Fairchilds
does not frankly aud mantully confront
the issue. He does not state
TO the people how the banks
could afford to buy Government bonds,
when the Government itself could not
afford it, ii it was an advantageous pro
ceeding ior these banks TO invest $780,,
900, ,O0Ofor the Government to do do it.
[Cheers.l Press this question upon Mr..
Fairchild, for he has not answered, why
ii the banks could make two TO two and
one-half per cent upon the purchase OF
United States As, the Treasury Depart
ment could not make rs much [chcersl,
when by doing what the banks do, he
could have wiped out sixty millions OF
the public debt. [Cheers.
You will all recall that during the
campaign OF 1884 almost every Demo-
cratic orator and, journal declared the
Republicans had four hundred millions
of idle money in the Treasury, and one
Of the objects in turning the Republi-
cans out was to set free that four hun
dred million? ! never heard one Of
them put the sum less. But when they
got into power they found no surplus at
all, because the Republicans had con-
stantly applied whatever surplus
there was to the purchase of
Government bonds md the re-
duction of the public debt. l think
during the last two years OF President
Arthur's administration nearly three
hundred millions OF dollars were paid
of, but Immediately the policy OF Pres
ident Cievciand's administration was to
accumulate surplus; and they have
bonds were ''on call" at par and millions
were lying idle in the Treasury, and at
last when pressed TO purchase the Sec.
retary OF the Treasuryintimatcd lack Of
authority, because the law for purchasing
bonds at n premium was contained in n
clause attached TO an appropriation bill.
! suppose that the President and Secre-
tary forgot, when they were questioning
this form OF legislation, that the rresi-
dents salary oil $4,000 was enacted re-
ally in clause attached to an appropri-
alton bill. Laughter and cheers.] II
the plea OF lack Of authority were made
seriously by the Treasury Department,
it must be termed sheer ignorance.
Does not Secretary Fairchild know
that reduction OF the rate OF duties
will largely increase the importation and
largely increase the surplus? Ii he does
not know let him recur TO the cause that
brought on the financial crisis Of 1877,
and the financial crisis Of 1857, and il he
is not satisfied with these illustrations
in his own country, let him go back l7j
years to the reign OF Queen Anne in
England, when Dean SwiftInformed the
ministry that he might double the duty
and halve the revenue, or halve the
duty and double the revenue. [Cheers. ]
Mr.. Fairchild proposes, by way Of get
ting rid Of surplus, to halve the duty