The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-02-18
LET IN LIGHT.
Powerful New York "World"
Endorses Senator PETER
In His Resolution for an Inves-
tigatiOn
OF THE BOND DEALS.
There is Cr0OkednesS Under
meath That Needs Exposure.
Secretary Carlisle's Skirts in the
Mire.
SECRET
DICKERINGS
With J. Pierpont Morgan That
Mean Theft.
Gold Eagles May Drop Out Of
Somebody's Clothes.

NEW YORK, Feb 1S-The World
which has created no little CONSERVATION
among the gold gamblers here and mem
| bers of the administration at Washington
| by its exposures of trickery and favorit-
ism in the recent bond transactions, con-
tains the following leading editorials
Why is the senate so reluctant to act
! upon Senator Peffer's resolution for an
| inquiry into the ''facts and circum.
stances of the bond sales of 1894, 1895
and 1896?
The need of such an inquiry is impera-
tive, as the World has abundantly shown.
The facts as they stand fill all honest
minds with doubt, disrrust and suspicion.
Unexplained they constitute scandal
The president and the secretary of the
treasury have pursued courses and given
utterances which tended strongly to dis
credit the country and impair its fnan-
cial standing. They have raised foolish
questions as to the national good
faith. They have manipulated the
finances in secret dicker5 with their
friends among Wall street financiers in
snch fashion as to turn over many millions
of the public moneys to group of spscu-
lators without any return whatever. At
time when the secretary himself was
convinced that 212 per cent. bond could
be sold "at or above" par, they have sold
lutEtS-HGdT 4 per C6ULS ~ LU6lE BYQutCaL0
friends at $10449, or on basis of about
324 per cent
In face of the public Indignation that
greeted this transaction they plan
ned and tried to make
like scandalous bargain with the syndi-
cate for 100000, 600 more. When forced
by the Worlds publicity to offer this lat
ter loan to the public, they SO befogged
the terms of the transaction as to give
the professional spectators an enormous
| advantage over other investors.
They so conducted the opening of
the bids as to throw wide a door to
fraud and create a painful suspicion
in mems minds of purpose to give the
great syndicate leader an unfair advan-
tage. They have done all this with
mystery, secrecy. whispering con-
cealment, which additionally arouse
doubt in not over suspicious minds.
These things require clearing up. The
country demands full and satisfactory
explanation 1t is the business of con-
gress and of each house thereof if the
other will not act, to make the necessary
inquiry 1t should be the active desire
of the administration, if it has nothing to
be ashamed of, to have such an inquiry
made
But the house has not moved in the
matter and the senate has laid upon the
table resolution of inquiry.
Why this reluctance? Is there appre-
hension that one inquiry might lead 10
another, that an awakened public con-
science might insist upon exploring other
scRndals-the sugar matter for exam Pile
and that the wires that are alleged to con-
meet the capitol with Wall street might
be cut? Is congress willing to share
with the administration the responsibility
fer all this mystery and ,concealment,
and rest content in the shadow cast
upon public honor by the unexplained
circumstances of these bond transac-
tions?
Why not turn on the light?