The Democrat. (Scotland Neck, Halifax Co., N.C.) 1884-1896, 1891-06-11
FROM WASHINGTON CITY.
Regular spondeat-)
WAsuINGToN. Jane 5, 1891,

:
honest and consci eutious republican
who does no. believe that the haan-
cial policy Of the administration Is
dictated from Wall Street. Well,
perhaps it isL't, bat appearances
certainly give one that impression.
For instance: Secretary Foster
serd. on a circular letter notifying |
the holders of the A per cent bonds
that will mature next September
that they may be extended at or
II per cent interest. AS soon aS
that letter is made public he goes
to New York where for four DAYS
he was guest Of ore Of the Wal
Street money kings, and now, he
thinks that 1t will only be justice
to tue banks which already own
about h4lf of the S60,0OO,CO0 OF
these bonds aud which will take
all that are surrendered by other
parties to make the interest 2 per
cent. which was the figure mentions
ed by the Wall Street men. Doesn' t
that look suspicious?
BY the way, Secretary Foster is
inclined TO irdulge in self glorlfica-
ton over the fact that he can sell a
government bond bearing as low rate
of interest as 2 per cent. He does
not tell tn. these bonds are abso-
lately necessary to the banks which
propose to tale them to be used as
security for their circulation. Ills
talk in tlis respect has been on par
with his trying TO make the public
believe that the Treasury was lot
cramped for ready cash, and then
following up bis boasts with a call
for $3,OO0,OO0 from the banks in
winch government funds are depos'
ite1.
Secretary Noble will find when be
returns to duty, which will probably
be this week, a very much mixed W
condition of affairs liz his department
Assistant Secretary Bussey las
white washed a crooked chief Of s
division in the Pension Office, anC
: Assistant Secretary Chandler Is
gathering facts to prove Bussey'l
favoritism and the crookedness o
the aforesaid chief, and it may enc
in one o. the other Of the Assistan
Secretaries having to go. Chandle
{ is an honest, straig htforward sort o
a fellow, who believes that crooked
ness ought to be punished no matte
who arc the friends of the C ook; i
WAS he who endorsed the popers il
B. the case of young Raum 'Immediat
e dlsmissal,' and he only agreed to lie
< the disposition of the case made b.
o Bussey stand when told that sue
e were the orders Of Secretary Noble
8 Another trouble for Mr.. Noble Wi
J. be to assist Mr.. Harrison in fndin
Il another victim to take Raum's plac
II at the head of the Pension Office, a
it seems to be conceded on all side
s that the head of Raum will soon fin
II its way into tue basket. Somebo',
/. las kept a record of the time Con
l. missioner Raum has been abseI
- since be became the head of tt
- Pension bureau, and it shows TIL
y during tue nineteen months he hs
81 been in flee be has been absent p
VI days, or nearly half the time. L
X has simply used the Office as q tend
III to bis private business schemes, ar
~ 1t is not surprising that with such {
~ example before him young Rau
IL should have gone into the busine
Of selling appointments to Office al
promotions.
The republican leaders are bad
:, frightened at the prospect of haviI
- the X lights of Labor solidly oppos'
O to the republican ticket in Ohio tt
IL year. 1t Is said that the knights
10 Labor through It's Executive Boar
:. which is making fight for the !
r. moval of Capt. Meredith, chief Of t
- Bureau of Engraving and Printir
49, has given Mr. Harrison Its ultiu
v. tum, and it is that Meredith must
"A removed or every Knight of Labor
the State of Ohio will vote AGAR
&C the republicans at the coming Cub
"a uatorial election. Secretary Fost
Tho is an adept in the art Of ba
-. boozlng is relied upon by Mr.. H
:, rison to help bin out Of the scrs
of in some way, bat he Will fad it W
difficult
.r TIE talk about immigration WIZ
republicans, particularly those C
nected With, or hoping to be come