The advocate., 1892-06-15

| Mr. WatS0n-Wlll the gentleman allow me 10
ask him question?
Mr.. TaylOr-I am answering the question
which was asked me by the gentleman from
Mississippi [Mr. Lewis.l
Mr.. WstsOn--Mlne is an easy question. Are
you not the president Of national bank?
MFR. TaylOr-I am president Of two national
banks, but do not see what that has to do with
this question. Some men seem to have national
banks on the brain. The gentleman from Kan
sas Mr.. simpson, denounceg national banks
because he insists that they derive some ad.
Vantages and special privileges from the gov
ernment. He Is greatly mistaken in his claim.
The government cOmpels national bank to
have government bonds, otherwise no national
bank would have any. No bank derives cent
Of profit directly or indirectly from government
bond. On the contrary It suStainS an actual loss
on every bond It holds. It holds bonds because
1t Is required by law to do so as security to the
notehOledr, and no bank holds any more bonds
than It is required by law to hold.
MIR. LeWis-Now read that paper gave you.
Mr.. Taylor-It says, "a Good Farm for Moth
Ing" Reasons for the Decline of Agriculture
and Farm Values In New England" by some
body.
Mr.. Lewls-Read by whom.
Mr.. TsylOr-By Judge Mott, Of the United
States court Of claims II Judge Mott says that
he Is greatly mistaken, and needs information.
II is not true, no matter who states 1t. Now,
Mr.. Chairman, think / have answered that
question.
Mr.. WatsOn-NoW will you answer mine?
would like to ask II You bought your stock In the
two national banks with what you made on the
farm, or II you bought the farm with what you
made on the two national banksP [Laughter.l
Mr.. Taylor-I bought the bank stock when
had the money to pay for It, no matter where
gOt the money, or how made 1t.
The foregoing matter is taken from
the Congressional Record of May
18th. We have quoted so much of II
in order that our readers may see
what kind of men are sent to con-
gress from the state Of Ohio, and also
ss part Of the story which is COM
pleted in the National WotchmaB of
June 4th. A correspondent from
Eureka, Kansas, writing to Jerry
Simpson, tells how Mr.. Taylor came
in possession of that farm in Green
wood county. The following is the
letter
EUREKA, Greenwood Co., Kan, May 81, 1892.
Hon. Jerry Simpson, Washington, d. c.:
DEAR SIR:-I would respectfully call atten-
ton to the clippings Of the subsidized press at
tached hereto; and desire to assue you that
the remarks made by Hon. j. d. Taylor, of
Ohio, (made by him, as understand, In debate
or In interrupting your speech, in the hall Of
c0DgresS,) were false and misleading.
My farm adjoins the lands lately known as the
Ohio Rancho, In which Hon. j. d. Taylor was a
stOckhOlder, and those lands were purchased
eight years ago by the said Ohio Rancho COM
pany at about $40 en dOllars) an acre all around;
and said Rancho company's business has been
TO my certain knOwledge) carefully and eco
nOmlcally managed, and yet has been an un-
profitable investment to the stockholders
OA aVOOuhb VI bno u6iu COnuAilOnS AOl bOlu6
years existing In our western country, this COM
pany Qike other peOI le In generaD were unable
even by good management, to make their prop
erty or business profitable, and therefore re-
Gently closed out their business here by sale of
personal property and a kind of division of the
real estate among the stockholders In this ar
rangement 800 acres Of land fell to Hon. j. d.
Tai lor In their mutual sale or division at about
SIS tteen dOllars) per acre, and this portion In
cluded the principal improvements on the
Rancho companys lands.
Part Of these facts know from my own per-
sonal knowledge, the other facts have obtained
from member Of the Ohio Live Stock Com
pany.
Mr.. J. d. Taylor, l amtold, is very honorable
gentleman, and sincerely regret that he should