The Globe-republican., 1891-06-10
OUR CAPITAL.
Special Correspondence to the GLOBE RE.
PUBLICAN.

Special Correspondence to the GLOBE k8.
PUBLICAN.
WASHINGTON, D. c., June 4. 1891.
The orator, the subject and the occa-
sion met yesterday at Galena when
Depew discussed Grant as the man of
the moment. ssClients failed to retain
him as surveyor. his real estate Office
had to be closed, and he was not factor
in the tanners firm. But the moment
that the greatest responsibilities were
thrown upon him and the fate of his
country rested upon his shoulders" said
Mr.. Depew, ''this Indifferent farmer,
business man, merchant, became the
foremost figure of the century," The
people of Galena and Illinois do well to
erect monument to General Grant, and
to induce such felicitOus speaker as
Chauncey Depew to eulogize his career
and place in history. New York can
supply a Grant orator if not a Grant
monument.
The Hon. Frederick Douglass. the
United States minister to Hayti. has
been granted leave of absence by the
State department with permission to
visit the United States. The application
for leave was granted about ten days
or two weeks ago, and Is for the custo-
mary period of sixty days. 1t is expect
ed that Mr.. Douglass will arrive in
Washington within short time. An
officer of the State Department said last
night that the department was not dis
contented nor dissatisfied with Mr..
Douglass services at the post to which
he has been assigned. Mr.. Douglass, it
is stated, when in Washington the last
time. expressed himself as conscious of
his growing age, and said that he some
times felt inclined to throw off the cares
of official life, but it is nevertheless eX-
pected that his return to this country is
only temporary and that he will go back
to Hayti. The State Department has
received no intimation to the contrary.
The Republican is the only party
which for the past quarter of a century
has stood for financial commOn-sense.
1t preserved the public credit when it
was attacked by the democrats and
greenbackers few years after the war.
saved the country from the eternal dis
grace and dishOnor of forcing depre-
ciated currency on its creditors when
gold or its equivalent was understood to
be promised, and then brought that cur
rency up to par with gold. The same
party which established the national
banking system during the war has
defended and maintained it ever since,
against the assaults of the democrats
and minor organizations which have
come into being. 1t has. time after time,
protected this country against the wild
and vicious monetary legislation which
has been attempted by the democracy
and its allies. And in the present crisis
it is the Republican party which is the
financial and economic bulwark of the
Secretary Foster left here at 12:15
O'Clock yesterday afternoon for New
York for the purpose of consulting bank
ers and financiers in regard to the extern
sion of the 4! per cent. loan and to con-
fer with the custom officials in regard to
the administration of that service. He
was accompanied by his stenographer,
and will probably remain in New York
until Saturday. Assistant Secretary
Spaulding will act as secretary of the
treasury in his absence.
-
There is movement on foot in Boston
to subscribe sum sufficient to keep Gen.
n. p. Banks from penury in his declin-
ing days. Like Agassiz and others
whose lives have been crowded with
public service. Gen. Banks has had NO
time to make money. Old age has come
upon him and his wife with no provision
but a small pension of 81 200 year and
an incumbered homestead. To relieve
the General from any pecuniary ankle
ties. and make him comfortable in his
years, fund of $4,000 has
been proposed and subscribed. Many
of the contributions are from old SOL
diers, comrades of the General in the
army. 1t is not intended to make an
outright gift of the money. but the Gen
eral and his wife are to have the interest
from it as long as they live and then the
principal i. to be returned to the con-
tributors. Since last March the General
has passed most of his time in quiet
retirement at his home in Waltham,
Mass. and it is doubtful if he ever
appears in public again.
Careful analysis by experts in such
matters seems to have established be-
L. a. 141