The Sunday globe., 1901-07-28


any financial institution Of respectable
standing, as every unprejudiced man
who knows Vanderlip will testify.
We now come to a charge that has
been made by the Mirror, of this city,
If the charge has any foundation of
truth, it deserves serious and thought
full consideration. 1t is to the effect
that the office of fifth vice-president
of the National City Bank Of New
York, a pet bank of the Secretary of
the Treasury, had been expressly ere.
ated for Mr.. Yanderlip. This is cor.
roborated by what has been authori.
lively told by Vanderlip's friends. Here
is the serious part, as charged by the
Mirror that the place was created for
the express purpose Of making the man
Vanderlip a go-between, between the
bank and the Treasury Department.
Can such a charge have any founda.
ton in fact? 1t almost takes ones
breath away to contemplate it, 1t is a
grave charge, and one which should
not be passed lightly over. If not true,
there should be a prompt and swift
denial by Mr.. Gage, his late Assistant,
and the officers of the bank. 1t should
not only be prompt and swift, but ac-
companied by such proofs as would
carry conviction to the most incredu-
lous. 1t should be such a denial, and
come in such form as would satisfy
the most unreasonable critic of the
Secretary.
If, unfortunately for the good name
Of the persons concerned, it should be
true, then the Secretary Of the Treas
ury should be impeached and driven
from his high position. These words
are severe, but not more so than war
ranted, if there is any foundation for
the charge made. 1t can not now be
whistled down the wind. 1t can not
be pooh poohed and ignored because
made by an unfriendly periodical.
What does it mean? What is the
meaning of the words making it? 1t
means plainly speaking, that Frank A.
Vanderlip, by virtue of his position as
vice-president of the National City
Bank and his Office of go-between, has
certain privileges allowed him which
are denied to officers of every other ma
tional bank in the United States
We frankly confess we don't know
what those privileges are, but they
must be valuable else the bank would
not pay $4,000 per year for them, If,
indeed, the Mirror is correct
The Globe does not make this charge.
1t has no means Of knowing whether
it is true or false, but the Secretary Of
the Treasury does know. He owes it to
the Administration, of which he is a
part, to President Mckinley, who has
honsred him with high Office, to the
public, who must pay the bounty be-
slowed on pets by such astounding
mal-conduct, to sternly deny it, if not
true, or give the facts and let it be
known why it is done, if true.
Transactions of Secretary Gage and
the National City Bank, exceedingly
more odorous, have already been aired.
The custom house scandal has been
ventilated more than once, and charges
made in connection Herewith tacitly
admitted.
Now comes one more serious than
all the rest, That fiscal agent, not
connected with the Government in any
osicial capacity, has a semi-ofiicial po-
sition conferred upon him to enable a
favorite of the Secretary of the Treas.
ury to have an advantage over other
banking institutions Of the country.
For very shame's sake, the truth
ought to be told. If such a charge has
no element of truth in it, the SecTe.
tary can well afford to unlock his lips.
To keep them sealed gives license to
put any sort of construction on his ST.
lence and intelligent persons will not
be slow to place a construction uncom.
plimentary to that officer.