The morning news., 1888-10-16
that from 10000 to 1900 people

estimated that from 10000 to 1900 people
w re present.
In the course of his speech Mr. Blaine re-
turned 10 the charge that Mr.. Havemeyer,
president of the sugar tNlst had appeared
before the ways and means committee,
when the. tariff bill was up and had
secured an arrangement by which
S6,oOO,OOl was put into the pockets of that
trust. He also took W Secretary Fair
child's speech of Saturday in New York,
aid said that in his statements in regard to
the deposit of government funds in national
banks:
Secretary Fairchild does not frankly and man
fully 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.
CATCHY CLAPTRAP.
If 1t was an advantageous proceeding for
these banks to invest 800, 600 900 in government
bonds, why was 1t not still more advantageous
Tor the government TO do it? lCheers press
this question upon Secretary Fsrchild, for he
has not answered why, If the banks could make
to 9]l per 'ent upon the purchase of
United States Is, the treasury department
could not make as much. tChcers. When by
doing what the banks have he could have wiped
out 500, 900 900 of the puolic ueut. Cheers
press this question, not only beceuse it is per
tinent question, but it is a question asked by one
OF Mr. Faicchild's most distinguished predeCes-
sors. When the surplus in the treasury,
during the administration of President Pierce,
Secretary Guthrie applied it 10 the payment OF
the Mexican war debt, not yet due and this
was repeated the first six months of President
Buchanan's administration by Secretary Howell
Cobb when the premium went as high as Ia per
cent. for the bonds they anticipated.
MR.. GUTHRIE CRITICISED.
Secretary Guthrie was criticised for paying
premium for these bonds and he asked
the very question | repeat to Secretary
Eairchild. He asked why those government
a M N thfA tpna aslIrV
department as to any purchaser in Wall street,
Applause, and that is question which ask
Mr. Fairchild today in the name of Secretary
Guthrie for he was one of the ablest financiers
who has administered the treasury depart
ment since Secretary Hamilton.
said before, and l re-
reat now that if a republican secretary of the
treasury had loaned $50 900 800 to + ct banks all
over the country, without interest," the Demo
cratic party If they controlled the House of
Representatives would have moved to mpeach
him; and believe it [cries OF That's SOL. do
so o' treat % Secretary n FslreRd GS had G"tg they
control Of the House because the republicans
are not fond of violent methods, but are ac-
customed to proceeding with caution and
moderation In public affairs. They don't want
to impeach him before the Senate, but they i'm
peach him before the high court of the people
TOR having done that which was plainly against
the public interest and for having failed to
respond to precedents set by former secretaries
of the treasury in faithfully and constantly ap-
plying the surplus to the reduction Of the public
debt.
Mr.. Blaine concluded with some refer
ences to the tariff and it's relation to the in
dustrial interests in the vicinity of New
Albany.
In the evening there was a torchlight pa
rade. Mr.. Blame and his party leave for
Lafayette tomorrow morning. He speaks
at the Tippecanoe battle ground Wednesday
afternoon.