Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1895-02-28

buoJ arc buo hlOuulul huhoo Nv bhu
sound of which every true American
starts in horror, unless he is in po-
sition where he must get loan-the
names of Rothschild, Seligman, Ra-
phael, Kuhn, Loeb, Hoffman. and
others as ominous On April IL, 1878,
the following cable message was re-
ceived at the treasury in Washington,
than which, as the operators say
nothing more damning ever appeared
in government publication:
Very pleased We have entered into relations
again with American government. Shall do our
best to make the business successful,
RoTHsoHILDs.
What a splitting Of Threats and
cracking of esr-drums there would be
over such a message now-the Jew
firm gloating over victimized Secre-
tary!
The second argument to show the
exceeding blackness of the Carlisle
contract Is the fact that it gives the
syndicate an option on all bonds that
may be issued up to next October. If
this makes the Carlisle contract black,
1t makes the Morrill, and Sherman
contracts blacker. Those documents
gave the wicked foreign syndicate
not an option, but an exclusive right"
to subscribe for future bonds. AS a
matter of fact, on two occasions Mr..
Sherman had offers for several mil
lions of bonds at better figures than
the syndicate would give. He was
obliged to decline them on the ground
that the syndicate had monopoly.
This makes a mere option look posi-
lively white,
Finally say, or shrek, the blather-
sixties, the syndicate is going to make
an enormous amount of money. This
is what worries Mr.. Sherman. Sell
ling bond at 104 that may soon be
placed at 118 or 100 Is too much for
him. Senator Gray forcibly retorts
that the great Ohio trimmer really
makes the favorable situation created
by the prompt action of the treasury,
the ground for condemning it. If the
action had not been taken no bonds
could have been sold at any price.
The nation was only three days
away from bankruptcy. Owing to
that emergency and by surmountihg
it, the bankers were able to make a
profit out of their investment. This
is sufficient answer on general prin-
ciples. But better answer to Senator
Sherman Is of the tn quopue sort. If it
is faulty and improvldent" to sell 81
bonds at 104 with the prospect of see
them quoted at 1lS, CHAT is it to sell
4 per cent bonds at 100, only to have
them quoted in a few years at 1862
Senator Sherman dwells in an even
more fragile glass house than this,
He admits that the motives and the
character of Secretary Carlisle are
beyond suspicion. Was the same
said of him IN 1S77-79? Has he for
gotten the ugly talk in those years
about Fort Sherman2" Has he no
memory for congressional inquiries,
for demands for a list Of commissions
paid land they mounted up into the
milllons), for the complaints about
double interest allowed favored
banks, and IN particular, for the
charge that he had practically hand
ed over a clean l million dollars of
profits to single bank OF this city,
Has he no recollection Of the talk OF
indicting or impeaching himY In an
interview in the Tribune Of December
Is, 1873, Mr.. Sherman admitted that
the banks had made huge profits out
of the exercise of his discretion in
making them refunding agents. Is
he the man to lead off in his railing
accusations against bis successor in
office? 1t is safe to shy that no
charges of personal dishonesty will
be made against Secretary Carlisle IN
the New York republican platform of
1895, such as we're made against Sen
ator Sherman, by implication, in the
New York democratic platform OF
1879
For our part we never credited
those charges for an instant. We
saw in Senator Sherman's resumption
and refunding operations a great SER
vice to the country performed with
great skill and in the face Of great
difficulties But those operations
were substantially similar to the one
inst closed by the present admins