The representative. [volume] (St. Paul, Minn.) 1893-1901, 1900-01-11
LET GAGE BE IMPEACnED

LET GAGE BE IMPEACnED
He Has Engineered . Steal That in
EnOrmity Eclipses Anything Ever
Before Attempted-Allen, Teller,
Harris, Tillman, Lents and Others
{ Are After Him with Four-Tined
Pichforks.
WASHINGTON, D. c., Jan. 1, 1900.
Especial Correspondence.)- deal
undertaken by Secretary Gage to place
$300.000,000 of government money in
the Rockefeller bank, the City National
OF New York, thus outdoing John Sher-
man and old Biddle Of Jackson's day
both combined, woke up the Populists,
Democrats and Free Silver Republicans.
They seemed all at once Ito get move
on them. 'They have kicked up such a
row that Gage has backed down. He
first said that any bank putting up
bonds as security could have the money,
but that it must first be deposited in the
City National and be divided out from
there. Then the thing began to get
still hotter and he made other arrange
ments. Some of the senators even go
so far as to say Gage ought to be i'm
peached and that there are good
grounds for impeachment. He is a
large stockholder in a bank in Chicago
which is in close relationship with the
New York City National-in fact, it is
said that the stockholders Of the two
banks are practically the same-both
banks being Rockefeller institutions.
A good many Republican senator's
were also disgruntled at this favoritism
Of Gage for they are interested in other
national banks and wanted a slice of
the pie as well as the Rockefellers. It
was the incest bit of pie dished out to
Mckinley favorites. Just think of it!
Over $500. 100000 to be given to the
banks to loan, and in the present state
of the money market they could loan it
for six per cent and compound interest
every go days. Figure it up, what the
deal would give to the bankers. No
wonder there was q scramble to get a
slice. sz,s z.
Allen, Teller, Harris, Lentx and sew
eral others are on their metal over the
matter. There will be no lack Of reso-
lutions calling for an investigation.
Congress meets on Wednesday. There
will be three or four presented in the
senate. One Of these will come from
Senator William v. Allen, Of Nebraska.
Senator Aliens resolution calls upon
the secretary Of the treasury to submit
all the facts respecting the deposit Of
public funds with the National City and
Hanover National banks of New York
City.
Members Of congress now In Wash
1ngton are very frank with their criti-
cisms of the deal between the admins
tration and the Standard Oil banking
syndicate.
Senator Henry M. Teller, Of Colorado,
said: "Of course am opposed to this
whole affair. The treasury department
has no authority to delegate such an
enormous and far-reaching authority to
one single private banking institution.
1t is against the principles of republi-
can form Of government"
Senator Harris, Of Kansas, said: esI
will gladly vote for a resolution de-
mand1ng congressional investigation.
Heretofore the treasury department has
played all the Wall street bankers as
favorites. Now that it selects one par
ticular institution as the object of it's
favoritism, I cannot see why others
there should protest.
Il think that in selecting bank as
q sole depository Secretary Gage is
prostituting his authority as a
public servant. 1t is all wrong.
It Is notorious fact that the
department has along stopped to the
nod of Wall street. No such Difference
is shown to other interests in the
United States. The manufacturing or
agricultural interests, for instance, may
cry for aid until they get black in the
face, but it is never forthcoming"
Representative Marion Deveries, of
California, said: I hope that a resolu-
tion will be introduced calling upon the
secretary of the treasury for all the
facts. Wall street has been running the
treasury long enough, but this latest |
scheme Of Mr.. Cages eclipses even the
worst in the past"
Representative Edgar Wilson, of
Idaho, said: LET there be a congress
sional investigation, when we will get |
at all the facts. I will warrant that !
the country will be astonished when it |
learns every true aspect Of the matter. !
It is but another demonstration Of how |
completely Wall street has the treasury |
by the nape of the neck
Senator Tillman said: Cali comptrol-
lers OF the treasury since that Office was
created have graduated out of their DO
sitions and become the heads of a trust
company or president of bank in New
York. But had supposed that Mr..
Gage was higher than to sell himself to