The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1899-12-29
PUBLIC REVENUES
Secretly Farmed Out to the Backers Of
the Presidential Syndicate.
New York worlG.l

First fact: The president is Tho
executive, the secretary of the treasury
is his agent. Mr. Mckinley orders, Mr.
Gage obeys.
Second fact: BY order of Mr. McKin.
ley all of the taxes which the people
used to pay to the government under
| the internal revenue laws-betweer
100000 and 100000 day, about $780,
| 100000 a year-are now paid to the
National City bank. Mr.. Mckinley has
| 'farmed one-half of the peoples taxes
to the National City bank. The inter-
| nal revenue collectors and their depu-
| ties are collection agents not for the
people but for the National City bank
They collect and remit direct to the
bank.
Third fact: Secretary Gage says that
one of the provisions of this secret
compact for farming the public reven-
ues is that the National City bank
shall not hold all the millions the
government officials collect for it, but
shall distribute part of them to such
banks as may qualify" But the peo-
pie have no means of knowing what the
president and his farmers shall deem
necessary to qualify nor what propor-
ton of the revenue is distributed and
what proportion remains with Mr.. Nc
Kinley's bank for it's private purposes
of loaning and of controlling the money
market. Mr.. Gage refuses to tell. Mr.
Vanderlip, Mr.. Cages assistant, says
mo good would result from it's pub
licity." Mr.. Roberts, treasurer of the
United States says; g3r. l r
THAT is a private matter between
the government and the banks. 1t is
not public matter and does not con-
Germ the public.
1T would not be right or proper to.
announce how much one bank was,
receiving when there might be others
waiting for deposits.Y
Mr.. Stillman, Chairman of the
revenue farmers, says: 'I wont say
have been talking too much
to the newspapers
Fourth fact: Under the old arrange
ment by which the secretary of the
treasury distributed among the banks
as free deposits such parts of the in
ternal revenue collections as were not
needed for immediate disbursement, the
National City bank got the lions share.
Just how much no one knows, but it is
known that, whatever the amount was
at other times, on the last day of last
month, when the bank published it's
statement, it was $13,739, ,257.01, or
about one-fifth of the governments
total deposits in the banks of the entire
Under the new or revenue farming ar
rangement the average daily deposit
which the National City bank can
freely use in it's business cannot but be
greatly increased--how greatly Mr.. M
kinIey refuses to let the people know.
Fifth fact: The National city bank
is composed of the interests that made
the heaviest contributions to Mr.. Nc
gigantic campaign fund in 1896
the Morgan interests, the Rockefeller
interests, the Vanderbilt interests, the
Sugar trust interests, the Union Pacific
interests The men to whom Mr. Nc
kinley has farmed the public revenues
are the heaviest financial hackers of the
Mckinley presidential syndicate.
To sum up: Mr.. Mckinley has farm
ed the internal revenues. He has farm
ed them under secret contract. He
has farmed them to those Wall street
spectators who are the heaviest
dealers in "call" or speculative credits
who dominate the money markets of the
country.