The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-01
CARLIsI.Es DEPosIToRIEs.
The Secretary's Answer to Senat,
Resolution of Inquiry.


Resolution of Inquiry.
WASHINGTON, Feb. 2S.--Referring to
resolution of the Senate the Secretary of
the Treasury sent to the Vice President
statement giving the names of national
banks which are and have been for the past
ten years acting as repositories of public
moneys, in which he takes occasion to refer
to and explain the system of deposits adopt
ed In meeting the recent sale of bonds He
says:
The special designations OF the banks to
receive deposits on account of recent pur-
chases OF gold to be paid for in United
States four-per-cent. thirty-year bonds, were
similar to those made by former admins
trations under like circumstances, and were
made with a view to preventing the none
tary disturbances which a transaction of
such magnitude might induce. The govern
ment Is secured in It's transaction by the
fact that no payment in bonds in any case
the banks shall have transferred to the
subtreasury proper amount of gold CON-
ances held by the repositories on June 3d.
each year for the past ten years. to have
been s22 81, 600 The amount held on the
est amount reported was for 1898, when it
was S0,177, 2a. and the largest for 1888. when
department is not authorized by law to
charge interest on these deposits. and no
interest ere has been paid on them All moneys
States with these repositories are subject
at any time to his drafts. He adds Under
banks have during the past ten years been
allowed to hold balance of the public
face value Of the United States bonds held
in trust by the United States Treasurer as
security therefor, on condition that all pub
lie moneys received in excess of that amount
will be transferred daily to the subtreasury
without orders from the department and
without expense to the government"
Trial OF a Criminal Libel Case.
WASHINGTON, Feb 2S.-A case now be-
ing tried in the Criminal Court. in which
G. Fl. J. Taylor, the colored recorder of
deeds for the District of Columbia, charges
William Calvin Chase the editor of the
Bee, weekly publication. read chiefly by
the coiored people of this city, with crim-
inai libel has brought out considerable sem
sational testimony. There was published in
the Bee, Jan. ]. an article charging Taylor
with gross misuse of the appointing power
attached to his Office, with collecting polit-
zeal assessments from the colored men of
the District employed by the government,
and with personal immortality and improper
relations with some of the female employees
of his Office. The charges were made in
the course OF the bitter fight which has
been made against Taylor since his appoint
nent. Taylor had Chase arrested for GRIM
inal libel, and the case now being tried is
ployed in the recorders office. have testi-
fled that Taylor made improper proposals
to them. and that their refusal OF his de-
mands was followed by dismissal. The gov
eminent, on cross-examination, brought out
testimony tending to impeach the character
OF several of the witnesses produced by the
defense.
One Battle ship Lcpsed on.
WASHINGTON. Feb 2S.-The Senate APP
propriations committee has concluded its
consideration of the naval appropriation bill.
The House bill is amended so as to pro-
vide for two battle ships instead OF three.
and for six composite light draft gunboats.
three torpedo boats. There is also a re-
duction of $4,000 in the House appropria-
ton for armor and armament. The total
appropriation carried BY the bill is So. 0o0-
carried by the bill 1t passed the House.
The general deficiency appropriation bill
AS amended by the Senate committee on ap-
preparations carries a total appropriation