People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1892-08-12


Mr.. SimpSOn-At the expense of
the western people.
Mr.. TaylOr-At their own expense.
They have comfortable homes for
themselves and stables for their
horses and cattle. The New England
people are well dressed. They have
good schools and good school houses.
They read newspapers and magazines
and keep abreast with the age in
which they live. You can scarcely
enter New England home without
feeling yOuare in the atmosphere of
thrift and comfort.
Mr.. WatSon-Will the gentleman
allow me to ask a question?
Mr.. Taylor am answering the
question asked by the gentleman
from Mississippi. lMr. Lewis.)
Mr.. WatSOn-NIine is an easy Ques-
tiOn. Are you not president of a ma
tiOnal bank?
Mr.. Taylor am president of two
national banks, but | don't see what
that has to do with this question.
Some men seem to have national
banks on the brain. The gentleman
from Kansas tMr. Simpson denOunceS
national banks because he insists that
they derive some advantages and
special privileges from the govern
ment. He is greatly mistaken in this
claim. The government compels a
national bank to have gov
ernment bonds, otherwise no
national bank would have
any. No bank derives a cent Of profit
directly or indirectly from a govern
ment bond. On the contrary it sus-
tainS an actual loss on every bond it
holds. 1t holds bonds because it is
required by the law to do so as Secur-
ity to the note holder, and no bank
holds any more bonds than it is re-
Quired by law to hold.
Mr.. LewiS-NOw read that paper |
gave you.
Mr.. TaylOr-It says, "A Good Farm
for nothing" Reasons for the De
cline of Agriculture and Farm Values
in New England" by somebody.
Mr.. LewiS-Read by whom.
Mr.. TaylOr-By Judge Mott, of the
United States court of claims. If
Judge Mott says that he is greatly
mistaken and needs information. ItI
is not true, no matter who states it.
Now, Mr.. Chairman, think | have
answered that question.
Mr.. WatSOn-Now will you answer
mine? | would like to ask if YOU
bought your stock in your two nation
al banks with what you made on the
farm, or if you bought the farm with
what you made in the two national
banks? (Laughter.)
Mr.. TaylOr-I bought the bank
stock when | had the money to pay
for 1t, no matter where got the mon
ey or how made it.
Now for the farm. A neighbor
sends letter to Simpson.
EUREKA, Greenwood county. Kan.
May y, 1892.
Hon. Jerry Simpson, Washington.
ID. C;
DEAR SIR:-I would dreSpectfullvcall
attention to the clippings or the sub
sidlZed press attached hereto: and |
desire to assure you that the remarks
made by Hon. }. ID. Taylor of Ohio.
made by him, as understand in de-
bate, or in interrupting your speech
in the hall Of congress- were false and
misleading.
My farm adjOinS the lands lately
known as the Ohio Rancho. in which
Hon. }. d. Taylor was a stakeholder
and those lands were purchased by
the Ohio Rancho company eight
years ago at about ten dollars Der
acre all around; and said Rancho
cOmpanyS business has been Ito nv
certain knOwledge) carefully and
economically managed, and vet has
been an Improbable investment to
the stockholders.
On account of the hard conditions
for some years existing in our western
country, this company. like other peO-
pie in general, were unable. even by
good management, to make their
property or business profitable, and
therefore recently closed out their
business here by a sale of personal
property and a kind of division of the
real estate among the stockholders
In this arrangement 500 acres of land
fell to Hon. j. D. Taylor in their mu-
tual sale or division at about fifteen
dollars per acre and this portion in
cluded the principal improvements
on the Rancho cOmpany's lands.
Part of these facts know from nv
own personal knowledge, the other
facts | have obtained from a member
OF the Ohio Live Stock company.
Mr.. j. d. Taylor, | am told. is a very
honorable gentleman, and | sincerely
regret that he should make such a
misleading statement in the halls of
congress.
make this refutation of his state
ment of my own free will and accord
without request or solicitation. and
DO it simply in behalf of truth and
right.
Let the truth prevail though the
heavens fall" As | am not person
ally known to you, l further wish to
assure you of my earnestneSs
IL. -