Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-12-24

congress-. which NETS Al BuUnos Ayr.s.
There are two houses, uga CJnp1lld VI
serntors. the Osher Of depriss MAJORS
mr2- be shlrsy yu1is - age, musi have
resided Elk years In ehClr dlHr.ca und
have annual Incomes q $4,000 each. y
deputy muy be twer.y-iiVe years % ag1
und musl have been CJizCu for four
years. The deputies are elected for four
ycdrs and thc seultoss Tor nine years.
The president Is elected for six yu1ra.
Members OF congress each receive
twelve thousand Argenln. dollars a
year. and the president has n saAry OF
lhi!cy-six Vh0ueard dollnrs. The vice
president receives Just inlf as much as
lhc pfcsider.. and each % the cibiurt
min stcrs gCta sixteen thousand ciEh-
hundred dollars "A year
You sometimes So statements IN the
papers % she uni,ed STUDIES that there j.
a close telephone connection between
our rational capfal and Wall street.
Tho Arg Rilnc congressman Sc not ir0u-
biri by f.uying 10 gClCrhore The houses
q C1rgrors IN Burnds Ayrea are Juit
acfuss the aqUart frum the stock es-
thaugc. and the presidents house stands
between. some OF the creates, scandals
/ Of she Argcuslnc republic have been IN
connection with the m'eusc q the pub.
ne funds by government Officials am
Wis sapgCiliiy In connection win the
ulll1aai banks and stocks. Nowhcfc
upon earth has there been Hudn coftup-
| tea - N o. was IN connection WIN
| ghe N1fiuuai bank 81 the Argen'lhc'
which fited Tor millions. This BANK
| was Nrg ~ political. and u word rom
"a prominert offciA would cause y 70
| lly ou. m0g1y TO utmost any one 'eH-
| grtHsmen made no bones OF ltNlihk
upon u Tor their support. ] heard OF
! onc deputy who borrowed mlllloh VII WI.
| lars from the bank ard with this built
I =. A - NJ
| OF Bucuos Ayres. In Euttinr ms loth
| he agreed 80 repay q in installmenNl' -
| much every ihrue months. 1ne ulhe
/ the FIRST payment came due sac p4hN
dlrcctorr aont fog him. When ne ,p-
| pcsrcd they presented the note. ~.
looked at 81 ana coolly ssld in.' hs hsa
70 money. They then asked mn ~
| psy the Interest, bur he n.onch.lpn.ly
/ replied: Il have nothing. He WIS
/ thcn asked II he could no. pay some OF
| the interest. whcreupon he bufv' Vu' IN
a rage. saying. ,.,
II have no money. tell you. don't
expect TO have any. ana ! want 20 hisN
| rich; here. und now. whether you ~ ~
| moi me 20 nFht shc battles " your
hank In congress and then pay Dlck w.
| The money 1 r,t from u just 80 "thnt
| people do3' AZ las. accounts ,hae nlil-
l i1n dollars and accumulated lbs iFchi
/ WAS vtili outstanding ari i WI p''p-
ably outsiand untn the eri OF TIME,
ASKED FOR $1,000. GOT 'so'ooo'
Another lnvtance Showing she 1850, $50
nnst u the busirsss methodt OF 'hr
bank at thia simc was 10 she case ~ ~
| lrrrgponalbl. army ofilcer u ClFlspa'
I ,yho waufrd 20 borrow 5000 50 buld 4
| house. lie knsw Cclmar, VINO was
! ehtef nrcsllCr. of the AIEsf,.irl,, ana az
Ma rsaucst the prsSdefsi gave MN =
f5S;e 10 she bank ofnclals. but throuEo
a Misunderstanding o. she am.lIl
waDgoI asked she bank 70 lcnh 49,, ~.
gcO. 900 ifuteid % $4,000. The oiilcyi
werl. 20 tho bank. showed thr wv.
urI signed an application. which th'
| clerk mad. out for him. thc clerk pui'
dina, In fhe 10000 a. requested py IN,
prcsidcns. The bank direcioss voted
tiat hc should have the money. AMI fh'
plpsra were made cut. the onicer r'En-
ms ths node wiih0g scsnrgng she ne,
iif-s. when this was done she teller -
ths hauk showed ou: 10000 30 tne .hi,
Ger. Wharetpou he rrpAed that Nc hAi
80 asked for so, 900. hut watfei Vn.S
"a 600. Thsreupon ch5y showed HIN ths
pipors. The officer poltecd oli th'
mlgtai.. ami asked what he nh9ull ~
They replied ghaf he had be'i't ~ ~
1 the 50 900 aud leave she rtsi ~ ~
money on deposit. ufil chat whcn pi'
nrst payment came due h. could ~
Shr whole note. SO having ne sst,vV'
t.he officer wax away. Laser on, now,
ever. he met a frlaui who prrHuaie =
him he would be- a foyl t9i 81 take a.
4he money. as b. could coF.Alny max
mere by urlng it FOR spccula.lns. TN
result .as h. ala take u asli lori ~,
} whcie. asd che bank was ruver REPAID
orders like .hla for money from pun
iic orictiis were frequently given I,
.hls natisml bank. The nnrllrs @
the man who was 20 receive the MONEY
was ssiium QUESTIONED. although ~
notes were taken In exchange for en-
I cafh. 4 have heard VI commu1 peoai
v.h1 thus got mouey cn their worlhlcfl
fI3tes az Ghe instance % politicians, N'hl
took enc money and paid them for ihes
The bank would aceep; drafts twen
~ or thirty times grcafer cliaa lhas
which ita directors au'horizei' one =
IN directors WIS always % be bough
; by A hrlhe. False balance sheets Ner
psfgsileuny published - deceive IA
. public, ard dlviienda 'which had new
! been earned were pad OUT % fhe binl
capital. The bank At the START had I
vaplgll q 100000. Ten years late
this was raised @ about $50. 900, 900, az
was afterwards iu-roaaed Go Ne,Q0o.00'
In one year iti depos,,8 were ssaiO0O.
, 900. and 90 loans over sils 100000,
! ma NJ ~ vaults ii3e 900 900 OF nation
: AZ treasury bills. and q had a eav.ng
| department. In which N,i0OVoO were =
| prrftea. The bank wcrf down IN fh
: | nsrlc. az did other hunks Of slm!la
e | character. one was u mortgage ban
I whose business was lending zoo
h | money Nn bad property. The govern
4 ment was also irtergied IN this an
= many a swamp lot was used NJ sccurlt
% far A $4,000 loum Today such bank
k have passed away ami the mari VIII
. makes money GU, 81 dhe goyerrmen
4 muS. do 30 ehher through bribery c
: the getting Of fat c3rfracis.
mo PUBLIC JOBS.
Buenos Ayres has many fire publ
buildings. II has as line STEAMSHIP
:, docks as can be found anywhere In IN
y world, ara u Is INV building grel
= vtruclure % currsrpand with our "a
y tlonal Capitol AZ Warrington. do NJ
4, know the exact amount " money tina
:. n to b. spent upon Thls. Some ~ M
y public buildings already erected are G,
- travagau, beyond description. TAX
. Tor lnmtarre, the waterworks. N
. houses % the rich mllllonalres " Ne
?, York have no finer tiles about the
- mau,eis than the material which form
v the outside OF this sroat public bull,
y ing, The structure covers four acre
!. url ths whole block Is faced, not wi,
= gtona or pressed brick. but with cost
I, porcelain allies. Every sile was lmpOr
"a from England. 1 have seen u
/, gilcd wnllf anu fNofs OF the palaces
- ahe emperor AT Picking, but the wat,
y works building az Buenos Ayres has