The advocate and Topeka tribune., 1893-06-07
HOW THE PoPULIsT OFFICIALS BEAT THE STATE
CUT OF $500 IN CHANGING THE

CUT OF $500 IN CHANGING THE
FISCAL ANENCY.
In showing up the fallsoies and dema
gogism Of the Peoples party, the Independ
ence Tribune some time ago noted how the
Peoples party Immediately after going into
power took the fiscal agency from the
Fourth National bank Of New York, and
gave it to the National Bank of the Rspub-
lie, bank with about one-third'the capital
paying the latter 100 per cent. more for ita
service than has heretofore been paid, and
that this extra would cost Montgomery $66,
and the state about $7,500. Further, that
the change was made solely TO please the
Populists, and without knowledge Of the
Fourth National bank until ordered to turn
over the funds. The Peoples party paper
at Independence Immediately set up howl
that the Tribuns's statement was a repubL-
can lie, and as proof, printed the following
letter:
TOPEKA, May 10, 1892.
J. II. Charlton, Independence, KGS.:
DEAR S1R:-In reply to yours Of the 18th
inst, the governor instructs me to say that
the clipping you sent me was inaccurate, as
the fiscal agency appointed by the present
council receives about One-eiRhth Of per
cent, and this bank is the only one that
made application for such agency, and the
state is not paying more to have its business
done than was paid under the old council,
and Mr.. Yoe should correct his statement,
the copy Of which you sent us. You can
deny this statement in the most emphatic
terms because the National Bank Of the Re-
public is recognized as one Of the first in
stitutiOns of the CITY Of New York. Yours
truly, FRRD j. CLOSE,
Private Secretary.
But it happens chat the private secretary
didn't know what he was talking about, for
this week the Tribune comes to the front
with the following letter from the new fiscal
agency proving that every assertion it made
was true, and that the Populist state officers
have in fact caused the people of Kansas to
pay out nearly $500 more than was neo-
easary and without any excuse whatever:
FISCAL AGENCY OF THR STATE oB KANSAS,
NATIONAL BANK OF THE REPUBLIC,
New YORK, April 3, 1893.
Mr.. Marx Tullev, Treasurer Montgomery
DEAR SR;-We beg to acknowledge re-
oeirt Of your favor Of the Goth inst, max
ing us a remittance of 81, 1,441.80, which We
apply to payment Of coupons as per state
ment at foot. Very respectfully,
w. B. Il. KKYsRR,
Deputy Assistant Cashier.
Kindly remit US $1.80 more, ,as commission
is now one fourth of per cent.
Caney township. ....................$ $4,000
Parker township. ....,........... 780 90
Total l.."..,...................$1, 1900
Commission (A per cent )........ 1,SO
Total l....................... ,44l.8O
The Tribune says: "We now leave il to
the governor and Mr.. Close, and the United
Labor to harmonic their statement of
about one-eighth of per cent and the
imperative demand of the bank remit US
$l.S0 more, as commission is now one
fourth of per cent That is just double
what the republicans had been paying, and
instead of S66 63 our county will pay
$685."
Now what are the facts? First,
with regard to the standing of the
Bank of the Republic. 1t is one OF the
associated banks of New York, and the
American Banker quotes it as follows:
Capital, $l,5OO,OOO; surplus, $9136OO;