The herald., 1898-04-08

one OF the leadlng articles In the market.
See how easy it is to make a charge. Now,
let me tell the gentleman something about
bonds. 1t is very easy to charge senator.
That senator (meaning Hanna) has made q
statement, which 1 challenge any man to
deny, that never in his life, not only not
this year, but never in his life did he buy
dollar of stock in Wall street or anywhere
else.
"Now, Mr.. Speaker, let us see how this
situation stands. This gentleman is great.
ly worried about bonds, and he read the
name of John J. McCook in one of his raids
this afternoon. Who is John j. McCook? !?
Whom does he represent? What Is he here
for? How do he and the gentleman from
Ohio stand with reference to this? will
show you that they are parties in a great
conspiracy. one Willingly SO, the other, I
trust, ignorantly so. Who Is John J. Nc
Cook? He is the legal representative Of
the Cuban junta of New ork, behind which
stand four millions, more or less, of bonds
that can be validated by the recognition OF
the independence of Cuba by the United
States, and they will be destroyed by a
policy that drives Spain out of Cuba in
the interest of American people," Gap
plause)
Lentz-Was it not announced that this
same J. J. McCook was to be a member of
the presidents cabinet?
Grosvenor-I have heard that the gentle-
man and myself were each and both Of us
to be governor of the state of Ohio, but we
never got there. Uaughter)
ST will tell you who John ]. McCook Is.
He represents an interest running up into
the hundreds of millions of dollars, and If
he could get the United States to make a
recognition of the independence Of Cuba,
then fight to establish it by the United
States, at cost of thousand million dol
lars, the holders of these bogus bonds will
realize S4OO O0O, ,O00 and collect the money.
That is where the bonds come in. Let us
take the other side.
IT was told some time ago, just before
the trouble broke out-I was told that a
party in the city of New York sold short
on the market to an extent that if the
condition things were in prior to the
breaking out Of this Cuban trouble had
prevailed it would have absolutely ruined
him, although his estate is a very wealthy
one. I have been told from that day to
this any proposition to provoke Spain to
wal, ally .lHUllOll tHdt WOuiu CduSc war III
this country between Spain and the
United States has been promoted by that
gentleman, because the moment war is de-
clared the short side of the market will put
q million dollars into his pocket
''Now would the gentleman tell U.s.
(several members on the Democratic side
'.who is it?'')
Mr.. .Grosvenor-Tell us how anybody can
be benefited by preventing war? How?
mean any broker, anybody who holds
stocks. How can that happen when prices
are going up or down as each battle pro-
crosses, and as each ship has to surren-
der? Then is the time that stocks rise
and fall. And were stock gambling,
which thank God am not, there would
be no occasion more gratifying to my greed
than war with the United States and an
other country. Why is 1t that every man.
ufaeturer of the United States wants an
end put to this war? Because they want
things to get back again to where they
were before this agitation began. Why is
1t that the treasury of the United States
wants to put an end to this uncertainty? ?
Because the revenues of the government
are being destroyed by this excitement and
uncertainty. Therefore 1t is the president,
backed up by his cabinet, and backed by
the best Judgment of the house, and back
ed by the best Judgment OF the senate, II