Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-10-14

Government deposit; that he also mad
some stock in the Chase National Bank
Of New York, of which, il politics ere TO
be considered, it is proper to say that
Mr. Cannon. the last Republican Comp
troller of the Currency, Is president,
and that the majority OF the d1rec-
tors are Republicans. / find that TINS
bank did nave deposit OF 81, lOO, OOV,
which it has repaid to the Government
recently. not finding a profit OF so, OOo
year, as Mr. Blaine states, or. probably
anv profit in the business, else 1t would
not have chosen to discontinue 1t. There
are a number Of banks with deposits OF
n million aud over. i know the politics
of the officers OF very few OF these de-
positories. But have in my mind now
half dozen where / know the officers to
be prominent and jealous Republicans,
and can think OF but one where the
officers are Democrats Of prominence.
But have never given thought to the
politics of bank officer. My only
thought was the security Of the deposit
and the relief to the public from fnan-
cial distress. SO much for politics-now
for profits Mr.. Blaine says that a de-
post of $1,000, 900 is worth to the de-
pository so, 600 year. Let US see how
this Is.
Mr.. Fairchild here went into q close
ANALYSIS Of this transaction between the
banks and the Treasury. showing that
the net profit 10 the bank on $1,000, 900
is 81. $50 instead OF go, 900. hr falr-
child then proceeded So much for
MIR. Blaine's allegation az to profits. tic
contends that these deposits have been
made without q shadow Of substantial
right in law" although be said that he
had not the time 20 90 into that SUBJECT.
can only gay IS to that that these de-
r,osits have been male under the same
law as millions OF dollars deposited by
ell the Republican Secretaries OF the
Treasury when it was more prohta''e
than now, bon Is ct q low price
being then plentiful. Three OF
these repositories are IN the state
Of Maine. and ere the same depositorlcs
which this Administration found when
coming into power. The first WAS de-
signeted December 7, 1863 the last.
by name tho Granite National Bank OF
Augusta-was designated April IA, 1868.
am inclined to believe that II Mr.
Blaine will examine he viii find that
some Of them belong to personal and po-
litical friends Of his, and that they were
selected in the days of favortism and
are "pct banks" through his influence.
II he needs anything more refer him
10 section 5153 OF tue United States Re-
vised Statutes.
/ further observe that Mr.. Blaine in
Inmates that / should be impeached for
having made these deposits without the
warrant Of any law known to him.
did not know that ! WAS liable to be
impesched if Mr.. Blaine was ignorant OF
the law. Had / known that I would not
hayo dared to accept the Office.
MR. CARLrmR's SPEECH.
Mr.. Carlisle in his speech said: The
Secretary Of the Treasury IN the speech
TO which You have Just listened has
made such clear and satisfactory state
ment concerning the conduct Of your
financial affairs during the present Adj
ministration, on al disputed points at
least. that there is nothing left for me to
say upon the subject, and ! shall, there
fore. in my remarks call your attention
briefly to one or two other matters,
which in my opinion the people Of the
whole country ought to take into serious
consideration in this campaign. MIR. Fair
child has spoken Of the intimate business
relations existing between the people IN
various parts OF the country and Of the
dependence Of each local community for
It's own prosperity upon the prosperity
Of all others. | think this is the
case now TO greater extent
than ever before in orr history.
One Of the most beneficial results OF the
last presidential election was the estab-
hshment Of harmonious relations, polltl-
cal and commercial, between the people
Of the North and South. The serial and
commercial intercourse between the peo'
ple Of these tWo sections has never been
10 close and intimate rs II Is now. The
union of state was never so strong as II IS
to-day, and It is strong because the peO-
pie everywhere feel that they are once
more citizens OF free governmental
government which Will treat them justly
and fairly. The North has never had so
good a market in the South for its
products as it has now, and the
South has never mad the use Of so much
northern capital as 1t has now. II is not
too much to say that if the policy which
has largely cUnduced to produce the
beneficial results for few years longer
it will DO impossible for any political
party to secure power by appealing to
the prejudlces of one section of the
country, or o. one race Of people agalns!
another section or another race. he
lievc If there were no other reason for
the reelection of Grover Cleveland as
President of the United States, the fact
that his Administration has inaugurated
an era Of good viii between the different
sections and different races would be
amply sufficient. That 1t Is the delibe-
rate purpose OF the leaders OF the de
publican party to reopen the sectional
end race agitation which was allayed by
the election Of Cleveland must
be apparent TO every ono who pro-
poses TO consider the present situation.
Already bills and resolutions which must
inevitably have this effect. have been In
troduced into the Republican Senate,
and their passage is earnestly urged 10y
gentlemen WHOSE cOunsels have con
trolling influence with their party. Sec
tional agitation and strife necessarily
mean business depression to a greater or
less extent. Since the Inauguration OF a
Democratic Administration the people OF
the country have bcen at peace with each
other. and The course OF business IN
every section has been regular and pros
porous Capital from the North has
found profitable fields for investment in
the South, aud the earnings Of the
South have been freely expended in
the purchase OF tie products OF tie
North. aided by northern investment
and northern experience and skill,
railroads have been constructed,
mines have 6een opened and developed,
manufacturing enterprises have been set
on foot in nearly every quarter OF the
South, and all these great enterprises are
flourishing under the peaceful ana fra
tsrnal policy which now prevails. Can
any substantial interest OF the people
either in the North or south be promoted