The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-04

than $50, Gee, 000--is loaned without penny Of
interest, TO certain NATIONAL banks OF this
country and. esI contend, although have not
time at preseut to go into that, without q
shadow OF substantial right under the law
That $50. .060. 600 is secured TO the goverpm pmens
oy the men who borrow IL depositing bonds OF
the United States. They are allowed TO collect
tue interest on the coupons OF these bonds ana
10 retain this money without paying penny OF
interest on it. Allowing IL 10 be worth per
cent land don't think you can get much OF 1t
Tor less from ;hose baukers). there Is S3OUO,00U,
gratuiiy given away by the Secretary OF tbs
Treasury. Did you. NV frield, get any OF III
Did any of youl Suppose You had l0,O00 of
governments bonds. and that you wrote to tne
Secretary Of the Treasury that you would like
to have HIM loan you 1000 without interest,
to have him take your bonds and keep them for
You, AID 10 send the coupons back when due. 1
do not know of any moro profitable business Ia
this world for a man than that OF having the
government loan him money on which ne pays
no interest while be collects all the IN.
teress he car for the use OF that
Why, any fellow can get rich that way. lGen-
sral uerrment read this morning that the
chairman Of the Democratic national commit
tee, mr CALVIN Brice, bright. sharp and qnick
man, has a million OF tnat money in his bank.
Well, that is worth 600 year. Why. if any
thing would tempt a man to be chairman OF the
Democratic national COMMITTED l think that
So0.Oco year would be no email temptation.
laughter When there was danger, last year
aud she year before, Of a stringency 10 the
money market and too little circulation, there
was movement made ir Congress to allow the
existing national banks to circulate notes on the
bonds they deposited up to par, instead OF their
being confined to 90 Der cent, as they are now
oy law. On every $4,000 of governm ment bonds,
"a you all know, the bank circulates only $4,000
OF bills But the Democrats pounded ir down
and defeated it. and yet 10 this distribution OF
the sixty odd millions Of dollars. Secre-
&gp0 E.ss onto ond hnt
answerable alike, President Cleveland primarily
have allowed the banks $ll0 instead of $50
Tnat is, II you wanted you could take SlU,O00
OF govern ment bonds To the treasury ard would
Get $1,000 in money. Now, have known some.
thing about the government or the United
States, have had some little to DO with 1t, and
say, If at any time within the last twenty years
that which has now been done had been done oy
q Republican Secretary Of the Treasury, the
Democrats in the House would have tried to i'm
peach him for It. l repeat il. do not cay that
l would vote to impeach Mr.. Fairchild-tnat 10
another question. Bus say that # any score
tsry since Salmon p. Chase was first
appointed by Lincoln had done that with sixty
oda million OF the currency. the Democratic
House-if the Democrats had q majority 10 the
House-would have moved his impeachment
IL that money bad been used TO reduce the pub
lie debt oy buying the bonds Of the government,
you. and |, and every citizen OF the United
States now living, or yet to live, would have had
the advantage OF IL. / have found by rough
alcnlation that If the claims of those 206 pen
siopers had not been stopped by President
Clsvelapds vetoes; il that inestimable reliet 70
those poor, sick and sometimes starving fami-
lies of soldiers VINO barred their breasts
for your country and mine, had been
given, aud If each of those pensions
had run for twenty-five years. the
total expenditure for them throughout that
period would hot have amounted to ono-sixth
part of tho money which the favorites OF the
Treasury are making on the interest on the
money tuat is loaned ont to them ey the Treas
ufy. lApplsuse. lido not wish to Character
izs ths act any further; It's description is its
characterization. / wish TO do no more than
state the facts, aud challenge any man 10 de-
ny their correctness to the letter. The Pres-
dsnt Of the United States has now to answer
before the people Of Michigan and the people OF
Maine, who are going To pull together IN this
great national contest, and to decide whether
tho surplus money of the United States had not
better 60 FOR the relief of the loye the suffer
Ing and the starving smung the Union soldiers
i9an TO The rich Democratic bankers Ia Wall
street, who feed and fatteu upon your money
and mine" Applarse.J
Speeches were also made by Gen. Adam e.
King, of Maryland, and W. c. DoaDe, Of Pena-
eylSanla.