Hutchinson gazette., 1896-06-11

throughout the United States, 1t is no
democratic convention with me. shall
abide the will of the majority of my
party honestly assembled and honestly
expressed. / make no threat, but l
want no misunderstanding. The dem
ocratic party is party of honest ex-
preston and not of federal patronage"
1t Is thought now that congress will
adjourn about the first week in June
For all the good it has done 1t might
as we'll have adjourned in January.
There was a time in this country when
we had something like economy in the
administration of its affairs. This cur
rent annual expenses during Mr.. JSffer-
sons administration, according to Mr..
Benton, were $500, 900. The pspula-
tion then was about 100000. The cost
Of government was, therefore, less than
sixty cents to the person. The current
expenses for this fiscal year is reported
to be about $5O6,OOO,O Our popula-
tion is 7OOOO,OOO. The cost Of govern
ment is, therefore, more than 81 per
head. How is that for comparison
for two democratic administrations?
Senator PETER deserves much credit
for his courage and persistency in
pressing for passage his bond sale in
vestigating resolution. On its final pas
sage, Hill, the watchdog for the ras-
Rls," was on the alert, and again be-
gan scheme to talk the bill to death
If he could. In his long winded 6a-
rangue he intimated lots of rascality
which PETERS resolution did not reach,
and he threatened the republicans that
If they did not vote down this PETER
resolution, he would expose some of
the Jno. Sherman deals. He lost his
head and went into abuse. He charged
the senators with being about to make
fools of themselves by passing fool
ish, contemplate, and absurd" resOlu-
tion. He talked about the persecution
and mud-slinging" with which the sec
retary of the treasury was being threat
ened. He commented at some length
Or the contracts for the bond issues,
and said that August Belmont & Co.,
Drexel, Morgan & Co., representing
Rothschild & Son, of London; Seligman
6 Co., of New York, and others We're
those who contracted with Secretary
Sherman. Then, as now, said the SEN
ator, the syndicate got the bonds. Men
who had the money invested it,
He said that it was not that he cared
anything for Mr.. Carlisle or for the ad-
ministration, but if these bond con-
tr(ts were to be paraded ION the
stump" in the coming campaign, then
he proposed to place the Sherman con-
tracts alongside the Carlisle contracts
sfpwing that the former were with the
same bankers, the same j. Pierpont
Morgan that you are throwing in Mr.
Cleveland's face"
Below is a full text of Senator PEI
fer's resolution:
Resolved, That the committee on
finance be directed.
First-TO investigate and report gen.
orally all the material facts and cir
cumstances connected with the sale OF
UHited States treasury bonds by the
secretary of the treasury in the years
1894, 1896 and 1896.
Second-TO Investigate and report
specifically what amount of available
funds, classified, was in the United
States treasury and on deposit in other
places subject to the order of the secre-
tary of the treasury at the time the
bonds were sold or offered for sale:
whether there was or was not money
on hand to meet all obligations of the
government at said time the bonds
were sold or offered to be sold; what
obligations were due at that time anS
the amount of each stated separately;
what was the reason for any unusual
withdrawal of coin from the treasury
shortly before bonds were sold or offered
for sale, if such unusual Withdrawals
| WClb III ldCI luduCJ anu w Nhdb pei oOllG
or classes of persons and for what pur-
pose or on what account such with
drawals were made; who purchased the
bonds, in what amounts and where;
whether in the United States or foreign
countries, and in what proportions and
from what persons or classes Of persons
the gold was procured with which to
pay for the bonds; what the bonds sold
for Gnd what was the market price Of
our government bonds at the time, and
what effect the bond sales had on the
credit and business of the people of the
United States.
Third-To investigate and report as
to the manner of dispOsing of said
bonds. by what authority and what
contracts. advertisements or proposals
were made by the secretary of the treas
ury in relation thereto; what agree
ments or contracts and whether oral or
in writing, and whether publicly or pri-
vately were entered into by the secre-
tary of the treasury and any syndicate
or person or persons with respect to the
sale and purchase of the bonds and the
profits made or to be made by such syn
dicate or any person or persons con-
,,.;tt, c,,ob indicate -,