Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1891-02-20
WHEELING, ". a. FRIDAY MORNING, FEBRUARY 90 1891
OUAY'S STATEMENTS.
Some Contradictions of a Former Asser-
tion and Some Peculiar Things Recalled.

tion and Some Peculiar Things Recalled.
HARRIsBuRG, PA. February 19.-Tht
statement Of Senator Quay relative tC
his speculation in stocks, in conjunc'
tion with the then cashier OF the Penn
sylvania State Treasury aud TO the
financial assistance extended him by his
colleague in the United States Senate
does not harmonic fully with declara-
ton Of his made few days before the
election in 1882, which resulted in Pat
tison's success.
After Governor IIoyt had written his
memorable letter committing himself to
the support OF JohL Stewart, the inde-
pendent Republican candidate for Gov
ernor. attacks were made on him under
instructions from Senator Cameron,
charging the Governor with having used
State funds for private speculative pur-
poses and alleging by indirection that
Cameron had helped to make up his
losses. Col. Quay had then resigned as
Secretary OF the Commonwealth because
of Hoyt'S political course, but notwith-
standing his serious disagreement with
the Governor, he made the following
statement:
"The statement is not true. The
transaction to which Mr.. McCarrell re-
ferS did not involve the State funds. AS
far as am concerned personally, was
badly burned in a stock speculation and
Cameron aided me, as he always does
aid his friends, but did nothing for
Hoyt because Hoyt did not need his as
siStance. In fact, Hoyt was not in the
transaction in which was concerned at
all. However, neither Governor Hoyt
nor ever used the S,ite funds in any
speculation, and it would have been
impossible to have done so had We de-
sired it,"
The foregoing statement was made
two years after the completion OF the
term OF the democratic Treasurer, un-
der whose administration the Spccula-
tiOnS which burned Quay occurred, tut
he had nothing to say concerning the
deficiency which he now says Cashier
Walters. who was associated with him
in SpeculatiouS, had caused in the
Treasury.
The charge made against Hoyt, after
his flop into the Independent Repub-
lican camp, was that the State had lost
Sl5S, 200 by his speculations in State
funds, and that the deficit was made
good by his friends, among whom was
the man whom he denounced in his let
ter declaring for Stewart for Governor.
This man was Senator Cameron.
1t was generally understood, after
the treasury expose. that the money
obtained for speculative purposes by
Quay and others associated with him
was secured from the Peoples Bank, OF
Philadelphia, of which William II. kem-
BILE was President.
In his Chicago street railway Specula-
tionS Quay says he was aided by the
same institution. He does not state
that the money OF the Commonwealth
was used for this purpose, but this in
Stitution is the largest depository OF
State funds in Pennsylvania. the
amount held by it being nearly $1,000
600 on the average monthly.
Quay'S story about his connection
with tho pardon of kemble created
much amusement here. He was recog-
nized a. hard worker for the bill
which proposed to take from the State
81, ,OOO, 600 to pay riot losses, and out OF
which grew the prosecutions which re-
suited in sending kcmblc and his aSSo-
ciates to Jail for few days. 1t was an
open secret that he favored the extern
sion of the executive clemency TO kcm-
bic long before Judge Pearson imposed
the sentence which he and his fellow
members on the Pardon Board declared
was not warranted by law.
The original intention OF Quay is un-
derstood TO have been to have a pardon
prepared for his friend, so that in the
event OF his sentence, IL could be used
to prevent him from going TO prison.