San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1888-05-03

to be. He is using tho peoples
money that has been wrung from
them ut the expense of their homes
at the expense of thousands OF hun
cry children all over this country who
are half-clad. half-fed and less thar
? half-educated. Applause. Who
else have their clutches on this gov
ernment moneys The Chase ma
tional bank OF New York has ST.,
100000 of it. Who presides over the
Chase national bank? Mr.. Cannon
: late Comptroller of the Currency
, He still has his hand in the treasury
, and is using, without interest, 81
, 100000 of government funds, the
, profits upon which fur exceed the
salary which he received when he was
Comptroller of the Currency. Then
, comes the First national bank oi
New York. That is the bank that we
caught with $43, 900, 900 of the public
money in it when Mr.. Sherman was
Secretary of tho Treasury, and when
its own capital stock amounted to less
than quarter of million OF dol
lars What kind of official honesty
was this, and what IN example to the
country? That bank to-day has ST.
100000 of government money, of
which it has the use without interest.
While the farmers of my district and
my State are ground down by the
mortgages and crushed into the earth
by their debts, this gentleman and
bank are the favored ones and have
the free use OF ST., 100000 of the peo-
pies money. Then we have the Ma
tional Bank of the Republic in New
York, with $930,000 of government
money, Who presides over it? John
Jay Knox, an ex-Comptroller of the
Currency. He, too, has his arm in
the treasury up to the elbow, and the
profit which he derives from the use
of this $930.000 of the government
funds far exceeds his salary when be
was Comptroller. Next we come 10
the National Bank of the Republic in
the city of Washington, bank in the
same city with the national treasury,
and alongside of it. What necessity
is there for government depository
here in Washington? Everybody
knows it is mere gratuity to the
bank, and I denounce it as shame
less exhibition of bad official morals.
The National Bank of the Republic
is presided over, I am told, by ex-
Postmaster General Creswell, and it
has S165,000 of public funds.
Mr.. PAYNE.-Did the gentleman
mention the National Bank of the Re-
public?
Mr.. WEAvER.-Yes, sir q bank
here in Washington.
MIR. PAYNE.-That is not located
alongside the treasury department.
MIR. WEAVER. How far from it /?
Mr.. PAYNE,-Down on 7th street.
Laughter. One word more
MIR. WEAvER.-No, sir I do not
wish to be further lnterrupted-my
time is limited.
Mr.. PAYNE.-Mr. Cresswell is not
President of the bank.
Mr. WEAVER Well, Mr.. Cress-
wells bank is using public money, MS
L understond. If 1 have the wrong
bank by the ear, 1 have not the
wrong ex-Postmaster-G General by the
ear Laughter. I may have
placed the right man in the wrong
place. Now come to the Western
National Bank of New York. That
bank, it will be remembered, was or
ganized during the second session of
the Forty-Ninth Congress by three
prominent treasury officials, concern
ing one Of whom (peace to his ashes y
I will say not word; bnt two other
treasury ollicials--the Treasurer of
the United States, Mr.. Jordan, and
the Sub Treasurer OF the United
States at New York, Mr.. Canda, were
prominent in organizing that bank,
and are prominent stockholders in it
to-day. How much government
money has this bank One million |
one hundred thousand dollars. 1t
deposited bonds to tho amount Of
S1000,000 and received 81, 100000
of government funds, which are be-
ing used by this bank as well as these
other ex-oificials are using govern
ment funds for their own profit AMI
f. o. Mathieson, one Of
the prominent characters in the in
famous trust, was conspicuous in or
ganizing his bank, and n prominent
stockholder in it. 1 examined the
record with regard 10 this bank, and
L want to give what it says. The
book which designates the amount
that these banks shall receive shows
this order concerning tie Western
National, Fill the bank from banks
outside Of New York" Is not that
good Laughter 1 have n letter
from the Secretary Of the Treasury
this bank which ! desire
to read for the ediication and in-
structiOn Of this House. II is dated
Washington. ID. C., October s. 1857, /
and is directed 10 the Treasurer Of
the United States:
Sm. The Wostern NItionai Bank q Nsu
York city has beoa designated q Uuited
States dspOsIiary, and the sscariiy hred for
the present a; sl.0J1. Oy0 q United States
per cent. b0nds. In order to AVOID the
usual ielay IN Ottsining q bala8oe b. socs-
rnuistilg rsve1lzs deposits, ] al thank yoa.
Eksn tbs bonfs are received. 10 c41ss 10 b.
Transferred - sald hz1k frois n1iig1al i,1uk
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