Southern standard. (McMinnville, Tenn.) 1879-current, 1891-06-13
WASHINGTON.

WASHINGTON, June s, 1891
Once in a while you will find an
honest and Conscientious republican
who does not believe that the tnan-
cial policy Of the administration is
dictated from Wall Street. Well,
perhaps it isn't, but appearances GER
tainly give one that impression. For
instance: Secretary Foster sends out
a circular letter notifying the holders
of the a per cent bonds that will
mature next September that they
may be extended at or u per cent
interest. AS soon as that letter is
made public he goes to New York,
where for four days he was a guest of
one of the Wall Street money kings,
and now, he thinks it will only be
justice to the banks which already
own half of the $6O,OOO,OOO of these
bonds and which will take, all that
are surrendered by other parties, to
make the interest 2 per cent, which
was the figure mentioned by the Wall
Street men. Doesn't that look sus.
picious?
BY the way, Secretary Foster is in
clined to indulge in self-glorification
over the fact that he can sell a gov>
eminent bond bearing as low rate
of interest as 9 per cent. He does
not tell that these bonds are abso-
lutely necessary to the banks which
propose to take them to be used as
security for their circulation. His
talk in this respect has been on a par
with his trying to make the public
believe that the Treasury was not
cramped for ready cash, and then
following up his boasts with a call
for SO, 200, 700 from the banks in which
government funds are deposited.
Secretary Noble will find when he
returns to duty, which will probably
be this week, a very much mixed up
condition of affairs in his department.
Assistant Secretary Bussey has white
washed crooked chief of a division
in the Pension Office, and Assistant
Secretary Chandler is gathering facts
to prove Bussey's favoritism and the
crookedness of the aforesaid chief,
and it may end in one or the other of
the Assistant Secretaries having to
go. Chandler is an honest, straight
forward sort of a fellow, who believes
that crookedness ought to be punish
ed, no matter who are the friends of
the crook it was he who endorsed
the papers in the case ofyoung Raum
immediate dismissal" and he only
agreed to let the disposition of the
case made by Bussey stand when
told that such were the orders of Sec
rotary Noble.
Another trouble for Mr.. Noble will
be to assist Mr.. Harrison in finding
another victim to take Raum's place
at the head of the Pension Office, as
it seems to be conceded on all sides
that the head of Raum will soon
find its way into the basket. Some
body has kept record of the time
Commissioner Raum has been absent
since he became the head of the PEN
sion bureau, and it shows that dur
ing the nineteen months he has been
in Office he has been absent $40 days,
or nearly half the time. He has SIM
ply used the Office as tender to his
private business schemes, and it is
not surprising that with such an eX-
ample before him young Raum
should have gone into the business
of selling appointments to Office and
promotions.
Inc republican leaders are badly
frightened at the prospect Of having
the Knights of Labor solidly opposed
to the republican ticket in Ohio this
year. 1t is said that the knights of
Labor, through its Executive Board,
which is making a fight for the re-
moval of Capt. Meredith, chief of the
Bureau of Engraving and. Printing,
has given Mr.. Harrison its ultima
tum, and it is that Meredith must be
removed or every Knight of Labor
in the State of Ohio will vote against
the republicans at the coming guber-
Material election. Secretary Foster,
who is an adept in the art of BAN.
boozllng, is relied upon by Mr.. Har,
rison to help him out of the scrape in
some way, but he will find it very
difficult.
The talk about immigration which
republicans, particularly those con-
nected with, or hoping to be connect