Danville intelligencer. [volume] (Danville, Pa.) 1859-1907, 1905-10-27
Another Substantial Witness.

the leaders of the Pittsburg bar. Liz
many busy lawyers, he Is not actiy
In politics. though sensible Of his civ
obligations. He addressed a meetin
In the Sixth Avenue Theatre, Beave
Falls, on the evening of October 2, an
said
And suppose you found that the
officers of the bank in which you
have your money deposited here,
We're handing that money out
practically without security to a
stand for that, would you. or
course not-you'd go first thing in
the morning and get your money
out. And I'd be willing to wager
that If sy of you had your money
tied up in bank whose accounts
had not been audited for two or
three years and you discovered
this fact yor'd kick in the banks
doors tonight and look over the
books.
"Of course you would. yet here
are the books of the state treasury
that have not been audited for
81 years. with admitted cases of
misapplication of the states funds
and with you and | and everyone
not in the treasury ring In abso-
Lutte ignorance of the treasury's con-
dition. Now I wonder whether, in
face of this, Pennsylvania will do
the stupid thing again?
do you know he continued,
"that with your money specula-
tions are and have been carried on
in Mexico and goodness only knows
in what other far-off places, and
that some of the spectators who
have almost unlimited access to
your money are on the verge OF
bankruptcy? That's true.
why. it is an open. shameful fact
that our treasury has the most
disgraceful record of any state in
the Union. It's doorstep Is bloody
with three lives at least. Its con-
troll by the ring has left trail of
murder, suicide, wreck and ruin.
The honor of thousands has been
sapped out, frightful story OF
blasted hope and dishonor has been
written, Surely the money in the
state treasury of Pennsylvania has
been the root Of all our political
wrongs. Only recently one of our
United States senators presented
the frightful picture of pleading
III. statuta of limitations in con-
ncction with criminal charge Of
mis,se OF the public funds.
Here is something | want you to
think about. because it shows just
how far this crowd will go" said
Mr.. Marion earnestly. "Do you
know that two years ago this
treasury rirg went so far as to
hold up education-- the common
school syst n--for the benefit OF
these ring speculators? The school
teachers OF the state were denied
their poy. the appropriation was
held back for 30 days, although 1t
had been regularly deposited In
these favored banks We are learn
ing so much about. And where
wns the money? 1t was out of the
treasury all right, for the teachers
couldn't be paid. Well, 1t was out
in Mexico. So, repeat, the pirates
went so fer rs to hold up educa-
cation in their greed
Farming the Funds the Rule.
Recalling tho original witness Il
he matter of farming the funds" MI
Homer /. Castle, in a speech deli'
.fed at Union City, Erie county, said
Ind deeiaFed that he is able to prov
he statement;
I'm Pittsburg there is an jRst!=
tuition known as the Mortgage
Banking Company, and have not
q word to say about its solvency
eY itg responsibility. Some time
ago this Institution entered into
Rn arrangement with John ], Shaw
By which he became its president.
The csfitraat providing for his Sc
lection as the banks chief officer
stipulated that the institution was
to receive certain amount of
state funds, and that Shaw was to
yecs,se and he did receive per
cent For occurring the deposits of
state money. Now. Is that honest?
.tThis is the Shaw who entered
into a deal with Boies Penrose by
which the Turtle Greek hank was
to receive $4,000 as state deposit
tory, if il would advance Penrose
and Shaw half the amount upon
receiving 1t and this Boies Penrose
Is one of your United States sena-
tors, head of the Republican ma
chine
Farming Out May Be General.
.'Now II has been charged that
there exists an arrangement all
over tho state Whereby the banks
are made to pay certain ringsters
a percentage for all state moneys
deposited with them, though at
this mip,te | am not able to prove
this, az a condition existing gen.
orally, know the facts, in con-
nectipD with the Mortgage Bank
ing eampany=Shaw case. however,
and you can draw your own con-
clusions as to whether the prac-
tice Is generally carried on.
II also know oil the facts in con-
nection with the Turtle Creek
transaction. II Penrose acted with
Shaw In that loan did he or did he