Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1888-09-22

notes. or obligations, or bonds of the gov
eminent in the treasury, and had taken
out this $50. 000. 000, when the president
desired to buy these bonds, said: ''Oh,
no. you are keeping our bonds for US
safely in the treasury. We have the
| money to use for nothing. We are not
anxious 10 sell the bonds of the United
States. They are not DUE until 1891 and
1907, and you can not force them or call
| them IN. But, of course. Mr.. Secretary
/ 81 the Treasury. to accommodate you,
/ If Won desire to bay these bonds, and
7 viii give US sufficient premium over
and above the amount we paid for them.
why, then, of course. YOU can purchase
them But. saws the secretary of the
I treasury, Il VIII call in the money, the
500. e00, 900 that ! have allowed YOU to
/ have from the surplus of the treasury. I
/ viii call il back 20 the treasury and let
Won have no further use OF IL, and you
/ can take YOUR bonds -'Oh. Mr. Secre-
/ tary," say the national banks. I've ara
not afraid OF tiS9t; you dare not do that.
| If you cau IN she 500. 0oo. 600 that
you have allowed US to handle
| for some timc, an. lhat we have used,
and that has become part Of the circu-
/ lating medium Of the country. You VIII
contract the circulating medium 70 that
extent, and produce a panic for which
the people VIII ho,d your administration
responsible. We are not afraid that YOU
viii undertake any such foolish action
as that. You snail not scare us IN that
way.
What then, Is the result of this unac-
countable action of an administration.
First, 70 reduce the price OF the bonds so
thai his friends could purchase. Second.
to enhance the price Of tie bonds of the
government for which he il acting.
/ Thiu; 10 place the control OF the treas
ury !erargment in the hands OF the ma
tiou,.i BANKS: and fourth. to enable Wall
street spectators and other friends OF
the president 10
MAKE MONEY By GAMBLING
in government bonds upon the strength
of notice and information furnished by
the government itself.
Now, let Us see who are interested in
some of these banks thar have received
this money from the treasury. Let Us
see if the charge that the president has
used this money deliberately for the
purpose of rewarding favoritcs is true
and can be shown up by the evidence.
The president. you all know, WAS
formerly from Buffalo, n. Y The Third
National bank j. controlled by gentlemen
who are prominent in the Standard Ou
trust, ana tuls standard O!l trust not only
has "a representative in the Cabinet %
President Cleveland. bat the fHfher-ln law
o. that official holds n position ia tho
nited StOtes senate from the state of
Ohio The Third National bank of Buf
ialo, y. y, received Slo5.boO OF this gov
eminent money.
There is another bank IN the city of New
York, called the Seaboard National bank.
in which the general manager OF the
stan lard Oh Pipe line and the president
OF the STANDARD OIL Pipe line are prUIul-
nent stockholders. and this bank received
$1,000 of the government money.
The Tenth National bans OF New York
city received -, 10000 oi this money.
The First National bank If New York
city received 81. 100 00
The National Bank Of the diepublic. Of
New York city, received $'jt,o0 of this
money
Next comes the Western National bank,
OF The city of Mex York. and this - the
las; one 70 which will call attention..
Ii WIS organized during tbc Water OF
1851 and during the second year Of the
reign of Grover Cleveland IL was organ
ICED by three o; his prominent treasury
officials One OF them was nauiel Man
ninE secretary vi the treasury. bue other
wa, MIR iogduu, treasurer az the United
States, and the third was Mr.. tHoda sub
treasurer in New York city Tuis bank.
ON the strength of tie information fur
nisHed 10y the government, WIS enabled "a
buy mp oae million ot four per cents, duo
ia iHJ.. and upon depoSitlug them with
the treasurer of the Dited States received
of this surplus = loo UD1 10 WAS tbf lio
CRADLE Daniel Manning and Ho'"rab
Thomas Jordan that "A prominent Dem
GRAFT from South Carolina ia the housr Aad
am sorry 10 say. Wall street admin!stra-
tion aud national bank secretary II the
treasury
Thirty-one national banks in the state OF
New York received portions of thls money
and seventeen Of these were located IN the
city of New York. have not the exact
figures AT hand % give the cNact amount
OF this sixty millions that went "a these
national banks ia tine state Of New York,
but II all Of them received anything Ike
the average that was received hy the
seven banks OF which ] have spoken.
the amounts OF which | nave given,
then the banks Of the state Of New York
alone received over twenty millions Of the
sixty millions OF the surplus The seven
banks have named rsCelyed - ipt.UG OF
this, Mr. Cleveland knew that Ssa YORK
would be ia be coming nat. oual election,
as 10 was in tie last national election. the
pivotal state. He had made himself solid
with the south and was sure OF l53 elcc-
toral Votes from chat section. II he could
secure the support of New / ork aad her
thirty-six electoral votes, 10 would make
his election in i-s~ reasonably sGre. II
these New York national banks got
twenty millions Il IN CseY t. Use without
paying FOR IT, and could loan a. out 10 the
people at ;, 6 and : per cent. u would Toe
no great hardship 10 call upon them Tor at
least pc ? cent OF this amount for a cam
paigR fund 70 secure his re election "a
1855.
One Of the New York bankers stated %
a reporter Of a morning paper ia that Csty
that the New York banker who nad been
en- moving tie use Of this money for months
would be extremely niggardly. ard -
would be gross inzratitudr. ~ they refused
TO put up Al least peg cent asseesfflsut Tor
the Democratic campo 20 fund AZ a
business matter they could we'll
afford 70 do this, 1 az eff they
would not be 50 meat a. - offer isss-
Il believe" says this banker. that, with
out ievyinz a single contribution upon TIE
100 600 Office holder the democratic Ma
tiOnaI committee can have a. the begin
ming % IN. campaign .. 20 90 from their
favored %ew YORK banks. wlih the com
IN }ftce's other resources still untouched
9 You viii remember fha. | made thrss
distinct charges against the President ia
connection With the surplus First. that
be deliberately used hIs Official position -
the purpose Of promoting Wall Street
speculation. secoud that he deliberately
used his Official position Tor the purpose %
providing q campa IN fund = be used Tor
his oSn reelection. and tsifg tLat %
deliberately ussi his ofieiAl POSITION for
the purpose % aiding and assisting New
York fsvoritss ialeEestSe ia Dht!sazl
4 = h. --f IT