The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-01-28

| 900 par value of the bonds, and keeping
a reserve of % per cent, it might loan
the other 70 per cent. In a locality where
| interest rates were ruling at 6 per cent
| it would receive interest on pubic de-
posits so loaned amounting to $4,275. max
ing the total receipts-adding the inter
est received from the government on the
bonds-$7,275. OF that amount, $3.50 must
be set aside as sinking fund requirements,
| to take care of the years proportion OF
the premium on the bonds, leaving net
receipts to the banks of S6,S26, or a loss
from what it would have received had 1T
| loaned its original $11o,S75 direct, to say
nothing of the roundabout manner of the
investment Applying the same method
| of calculation TO a 4 per cent locality, the
total profit on an investment of $11O,375
| would be $40, while in an 5 per cent To-
cality. there would be a loss of neatly
$1,000. So it will be seen that it does not
greatly pay to be a government deposit
| tory. and this cry of discrimination does
not amount to such a serious proposition,
after all. And there can De but two reas-
ons, then, why a bank should desire such
a designation: Firstly, through a desire
| tress, and to ease the situation, which IS
| seldom the true reason; secondly, for the
supposed prestige it gives a bank to hang
out its sign, Government Depository"
One week ago tonight Mr.. Bryan spoke
in the city of Baltimore, Maryland
While his nerve in going straight into a
state where he was plainly shown he was
not wanted may be commended, his judg-
ment from political standpoint must be
questioned. The Nebraska warrior-states-
man has been anxious to speak in Bal
timore since he planned his eastern
trip. The legislature, which is Demo-
cratic. recently had a resolution before
it's augustness to invite the Nebraskan
to speak before it, but it was voted down
/ by a large majority. This is variously
attributed to Senator German, Governor
| Smith and others. 1t may be certain it
| was not German, for however fuch he
is opposed to the man from Nebraska,
he is always doing the smooth and po-
| litical thing, and looking out for Cor
| man. So it must have been Smith. But
be that as it will, the fact remains that
| Bryan's daring visit to the state whersin
| a legislature of his kind and sort turned
| him down cannot help but rouse the
smOuldering opposition to him. Indeed,
it is already said here that the Demo-
Gratis have already abandoned Maryland
as good fighting ground for this years
| campaign. Mr.. Bryan also had a beau
! tiful time in New York, as predicted
Millionaire Belmont, who dined him, in
vited representatives of all sorts Of
| shades of Democratic opinion to the din
ner, and he and his tried to talk the
| Nebraska man out of having silver a
conspicuous issue this year, and to no
avail. What the result in New York viii
be is largely owing to what action
| Croker will take, but things there are
decidedly mixed at present, and Croker
is laid up in England with a broken leg
A bill has been introduced in the house
by Mr.. Payne of New York, and referred
to the committee of ways and means, Of
which he is chairman to extend the Gus
toms and internal laws of the United
| States to the island of Puerto Rico The
bills text follows:
THAT the laws of the United States re-
lating to customs and internal revenue
including those relating to the punish
ment for crimes in connection with the
enforcement of such laws, are hereby ex-
tended to and over the island of Puerto
Rico and all adjacent islands and waters
of the islands ceded to the United States
by the government of Spain by treaty
concluded -APTit- eleventh, eighteen hun
bred and ninety-nine, so far as such laws
may be applicable.
Section 2.-That there shall be in the
Island ceded one customs collection dis
trict, as follows: The district of Puerto
Rico, to comprise all the islands coded, as
aforesaid, in which San Juan shall be the
port of entry, and Ponce, Mayaguez, Are
cibo. Aguadilla, Arrovo and IlumacaO
supports of entry; and there shall be in
said collection district a collector of Gus
toms. who shall reside at San Juan, and
shall receive an annual salary of four
thousand dollars. Customs officers shall
be stationed at said SUPPORTS, with
authority to enter asd clear vessels, re-
ceive duties, fees. and other moneys, and
perform such other service as is provided
by law, and they shall receive such COM
pensation as the secretary of the treas
y
Section S.-That the president of the
United States is hereby aupthorized to
establish an internal-revenue collection
district to embrace all the said Islands
or in his discretion to annex said islands
to some other internal-revenue collection
district of the United States
This and other like bills are now being
considered by the committee. Meanwhile.
the subcommittee of the committee of
ways and means-Dalzer, Hopkins eros
venor. Richardson and Newlands-is deal
ing still with the question as to just what
constitutes the meaning of the United
States"
It is fully understood by the men IN
congress who are attacking the admins
trations Philippine policy that their at
lacks are futile and that this government
is going ahead with the establishment of
stable, permanent government for the en-
tire group Of islands. The resolutions of
inquiry adroitly worded so as to suggest
suspicion of wrong doing. are designed to
keep up the controversy and if possible to
disclose some mistakes made during the
course o fthe military operations. to fur
nish basis for attacks on the president.
and are not brought forward with any
idea that the policy can be changed. The
friends of the administration have no fear
that anything can be brought out which
will indicate an eager desire on the part
of the president TO seize territory leading
him TO acts Of criminal aggression" The
report OF the Philippine commissioners