New-York tribune., 1890-03-30
MADE B1NhRCPT BY THE RING.
GETTING AT THE FACTS SLOWLY IN THE MARY
LAND TREASURY DEFICIT.

GETTING AT THE FACTS SLOWLY IN THE MANI
LAND TREASURY DEFICIT.
Baltimore March 90 tspeciaD.-A member OF the
Democratic State Committee denies that the dciauiI
ing Treasurer Stevenson Archer, chairman OF the
eommittee advanced large sums Of money for cam
paign expenses IN the last two years. but alleges that
In settling up the expenses Of last falls campaign ne
vas 81 900 short Notwithstanding the denlals O1 the
leading Democratic ring politicians that the iieas
urers deficit partly due 70 backing up his pohu
cal friends il is believed by many that such was the
Ease lie did not hypohecate the states securities to
raise money directly for political expenses. But the
demands on him from time time for funds 70 help the
party crippled him financially and finally leu 10 MS
ruin. The last Two campaigns in Baltimore oi'y cost
the regular Democrats enormous sums 0i money. Inc
fusion movements were strong that they only sdVcd
the machine by aid Of the purchasablc vote, which
they paid dearly for Every one Of the leaders put
ND large sums Of money, and Of them actually
orgagcd his personal property to furnish 1uhos ioi
the party Members OF the Legislative committee on
Investigation now state that the deficit Will likely ex
ceed $25O0O The shortage Of 1927 900 discovered
yesterday by the committee that examined the States
securities In the Safe Deposit Companys vaults was
thus distributed deficit of $1,000 in West Virginia
Central Railroad bonds SIT 900 in Frederick City
per cent bonds, S37 900 in baltimore and ohio Rail
road Trust bonds, 80 900 in Cumberland and Pied
mont Railroad bonds s6I 900 In Treasury Relief Loan
making any report until the investigation com
pleted but Governor Jackson, after conference with
The committee, instructed them TO report what infor
nation they .Tad obtained to the Legislature
II was stated Change today mat the Franklin
Bank Of this city holds notes Of Archer amounting TO
eI3, 900, secured by coupon bonds. Among the bank
ers 1t said that Archer had disposed Of bonds in ad
dion those he had pledged collateral for his
loans. and that the notes found in the banks would
not begin 10 indicate how much has been abstIactcd.
The bankers say that the only way TO get at the
bottom of these Transactions is TO require the Com
mittee Of Investigation TO begin thorough Inquiry
int, the prices at which securities were sold by the
state and who the parties 20 the Transactions and
also who sold bonds 10 the state and the prices paid
for them.
Dispatches from Belair today state that Archer is
weaker and that the physicians think his condition
critical. Those well acquainted with his private
alars prior to 1886, when he became Treasurer and
since say that he overburdened with debts OF
seyeral years. standing and that the moncy realized on
the States securities was used IN paying on these
debts and interest mortgages the claims became
pressing but yet 1t is hard they to realize that his
private debts could have assumed such enormous pro
portions as 1888. 900, Including his salary, which
was 81. 500 year 1t is also stated that he has had
large security debts to meet and that only recently
large amount Of money went In this way.