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San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, May 03, 1888, Image 1

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Marcos m
ij. H. JULIAN,
Provo All Thing I Hold Fast that which Is Good."
TIio Free Recognized by (loo, P,
j ilOiTCll c6 -,t an Aiirun un an
5 Advcrllsliiff Medium.
Tbe well knowu advortlxlng agency of
Ooo.P.Kowell & Co., of Now York City, have,
issued uu annual Nownpiipttr Dirootory for
ihlrty years or luoro, aud Uishs publication
have boa generally recognized its numoniy
n to the matlter of newspaper circulation,
lu tho regular bumes of tho Direatory they
have included nil tbe newttpnpors published
lu tbe Unitod States aud Canada. Quite
recently, howover, tbey have issued a con
deuaod lint It gives only tht bent newspa-
norn ai advertixincf tnodiums, and bonoe ia
orHcticnllv bolter, because more convenient,
Ebnn tbeir larger Dirootory. Four-fifth of
the newspapers of the United States are
practically "oounted out" by intelligent ad-,
vertimsrs, who only want to know the best.
EIoiico the value of tbo work under notice
tha publishers in tbo preface well sayt
I "It Hi ft) the wheat from the clmff. It di.
nets tbe atteution of an advertiser toward
pnpors which he should aud ought to nse,
and tends to liilorcopt a portion of that pa
trouago which goes to publications which
oost greatly in excons of any power to bene
fit which they possess. It takes tbe general
ground, that the bast is tbo cheapest."
i Wo ued scarcely say that on this plan,
tbo Fbeb Tbeih is given by this book (see
page 158) as tM advertising medium of San
Marcos and Hays county, it being th only
one on the list. We resroetfully invite the
attention, of advertisers, both at homo and
abroad)' to this faot.
iLegal and Transient Advertisements will
'J charged Oiij Dollar per square for the
first insertion, and Fifty Oonts per square
for each additional iusertion. A square is
the spaoe of one iuch. Fraotioual squares
till be counted as full squares.
S Advertisement for three months or more
jll be charged at the following rates :
JNo. of Square
3 mos 6 mos 1 yr.
8 00 12 00 20 00
10 00 15 00 25 00
15 00 :5 00 40 00
25 00 40 1)0 i0 00
40 00 65 00 100 00
)ne square
Two squares
X'hroe squares
Oho-fourth eolnuiu
One-half coluuiu...
One oolum
'Yearly adyertiaors allowed the privilege
lit quarterly change.
' Business Cards nnu inch or loss, one year,
$8. Cards iu Bmiuess Directory, one year,
' Local and business notices will be charged
Ion !ont3 per line eauu iusertion.
iAJverdseinnntafor Schools, Churches ond
Bfenovolotit Souiotiea, huif vntos.
.M-wriaga and OMtnnrv Notices, of over ten
lino, charged aBadvertisemoiits.
, i Calls uvu candidates their replies aud
their cfroulaw, and all notices of a personal
character, (if at all admissible into our col
liinus), will ha ohargod as advertisements.
, f A cvoss mark upou hiv -paptr indicates
tiat tho L-iao for which the subscription was
oaid has expired.
. X All advartisoiuents and stibscriptions due
is ad ance.
if Any of our friends would do ns a special
favor by giving us the names of any per
sons withiu tliMr knowledge who would be
likely to Htib-Miribe for tho Fbeb Prksp, so
W wn rmv aaai snucimon copies to sucn
Our tnnno for annnnncintr candidates are
1" for stato and district offices, for
opuntv offices, and f 3 for precinct and mn-
ulotpul. Terms, cash.
", aoxoMnniAX ftra duthiot:
f Hon. L.W. Moore, of Fayelte Couuty.
; (iinto-'J."iii distiiot:
Hen. W. H. nurges, ol Guadalupe Co.
Hon. (3eo. T. Msfleho, of Hays Co.
Bud.J. L. RlKxon, of 0l'lwll Co.
" i- nIHTRIOT OOffRT 2KU innrsioT.
Hon. H.TelchnmelUr, Hrenlding Judge, LaGrng
Ji U. Balliany. Alloruey, Austin Co.
JUvi. lit Mondayn In March and September. May
: ooutlnue threa weeka.
" , oooarr orrioacs.
Rd R. Kone, Judge Oonnly Court.
Jai. G. Bnrleaon, lllst. aud County Clerk.
I. B. UoBrid. County Attorney.
Jaa A. Wren Sheriff, J. Jl. Turner oeputy
: U. 8. Cock, Juatlce of the Peaee Pre.
R. A. Vautrnn, ' V,
11. C. Hubba, " " " "
r.O.Kowe, ',
W. Slack. " ' "
No. 1
" 3
" 4
" 6
t. n. Patterson, County Treaanrer.
B. 3. Fortaon, Asaalitor.
Otto Ornos, HurTe.vor.
t. Ij. Owen Com'r Precinct No. 1
. V.uRbn "
H. C. Hubba,- " "
feter Hchmltt, " " "
W. 1 Steel, Cntble precinct So. 1
J. Solen, " " ''
Jenp Uenaon, " "
. K.Stone. " "
Tiau or itoLnmn Cooktv n Paaotaor OooaTa
Coauty Court for Criminal. Civil and Probate haa
neaa 4th Jioudaya in January, April, July.Octo-
b Coannlaalonara'Court d Xondaya la Febrnarv,
Hay Aainatand November.
Jaailca Court, Precinot Ho. 1 Ut Monday In
uci month, at Has Marcoa.
Preolnct No. d Friday In each month Ml.CIt.
m JJ Wlmberley'a Hill.
4 tth Sat. Dripping prlnga.
Town orrtcKKS.
Mayor flammett Hardy.
Council W. D. ood, a W. D..nalon. Old
J-hnaon, D. A. filoTer. Kd. J. h. Oreen, P. J.C.
SraltU, Dan Rolh'ina and ttojer Rirna.
Karahal Wm. H. Lyell.
Street Coaimteioner J. W. Panforth.
Coorcll Meet the Snt Tneaday in each month.
Pohlte School Traeteea meet firat Tuewiay in each
meat at tbe Haror'a oiKco.
KTHODIitT. Preacfclmr at tbo
f aarra every akketk, Hrr. W. H. H. Rid. Paetor. '
Paoday frkonlat t a ea. Sifgior at lo'clok p m. i
Prayer etli on Weanewlaj. Toang ene pray- j
or meeting on Monday Dirfct (
pUpnUT.-Prteekleg at the Ba?ll.t I
rwTr laf4a. . P Ita.etlei. Pi..r.l
ooIaybMl atMa.m. Von-.ga.en-a prajer-
. : . HI hi 1 . HJT. I LUI...I .111.1
aootlaa: Wedtla i(;kt.
PHItHSTTtBltS.-sWe114" ' aodara
ok m-tk. paa-oe. Ha-der
Lckwel reery akhatb at a. m. P-ner 1
tt T TknrUay at I M p. All l'ited
t a'teod.
C:n;eiTIA.-'e Pr-r.
M.rtVke-laiSo.ai. A oordlel Ineiiatton e-
ia44 to a J
... . r mm.mrr,m I .-. w . P.tle.
wnSSV.W .T-d-.V. h .
M-n'k. PaWny cl ever y eay.
tew. yaikoe -'xtk Paotor.
- - - - - - -
aiVe Irvw a.- rr:r o a m.t alSt
mm; e'e a) n. P-
.,). f-aa aa llaiT a' "5 n. ta. aai
a K ; at e .. m ar T i." m wi.
Lahvr. inmri I! . ' .1 II . P.
a v. i. o4 auo.t a"e.
p A a,. ria f aj, w - T-.1 . 1 4 PMar
. . rT.e --t.a til Il.rri. at
it m.
1 p Tl.-al P. .- ' " " --!
m tme.re at 1 t I'r-m f
t o.-e in r a.1 rot
1 e p-nr pkl nw -w
1 HA r'Xf..T M
Johnson Bulldtiigr, on tho Sqnare.
Special attention uivon to Disoasea of the
Mouth and Facial Mouralgla.
Office iu New Braunfels the last Thursday
aud Friday iu each mouth uirBly
Marcos, North side Plata.
cos. Southeast Corner Plaza.
n B. MoBRIDB. Att'y and Land Agent,
O . Office over First Nationul Bank, San
r II. JULIAN. Judge wood's New Buna
X. ing, Upstairs.
TB. J- H. COMBS, Judge Wood's ew
Jy Building, tipntairs.
& DANIEL, North side
TP D. J. L. GREEN, at the old stand of
f'J Green & Price, Southeast Corner Plaza
Nationul Bank.
door to First
f J mg, Norm tutte piaza.
BRO., South weBt Corner
TJ1 S. M
JJJ . Pla.
Near Northeast corntr
W.LEA VELL, South side Public Plazu.
HOMAS T IYLOR East Side Plaza.
North side Plaza
Northeant of Public
T W. NANCE, Southoubt Cornor of Pub-
ti . lie
i Sqnare.
H. BOBBINS, North Bide Plaza.
M. GIESEN, South side plaza.
MKS. 1UCHAKDSON, between iirst
National Bonk Building and Nance's
Furniture Store.
li. PORTER, East Side tho Square.
Our Clubbing List for 1888.
We are prepared to club tbe FREE PURSS to new
or renewing aubacrlhera with tbo following pul.lt
oatlone at tie rat ea apeclOed below. If ordered at tbe
fame time witb our paper. In tbe Brat column we
give tbe regular price of each publication aingly,
in tbe aeeond tbo ptlco or tbe aauie and tbe Fata
PM,a together.
Singly. Free Pre...
Aaatin Statesman
..1 00
. . I 55
.. 1 00
.. 1 00
.. S 00
$ I as
3 txt
1 76
1 00
4 00
5 10
S 10
3 00
1 SO
3 on
4 10
3 10
3 lo
4 as
4 M
3 t.
3 34
3 34
3 So
4 0
5 e
3 TS
3 SO
3 M
Galve'loo Kewa
. V. Weekly World
8u Loala ttepubliaaa
H.lf. Ledger
New Orleaua Tiniea Democrat.
Louiaville Courier Journal
Texaa tifttog.
Farm aod Kaoeb
Detroit Fri.0 Treaa
Saturday Kveninc Peat
Sew York Ob.erTe'
A.l.n, 1'At.L.tillltloB . ......
. l r.o
. 1 50
1 0
1 00
. 1
. t t0
. IS
1 so
. I so
. I -0
. 4 00
. M
. 1 M
. 1 7
. 4 00
. 1 00
i m
. t oo
. t M
. 4 M
. 4 M
. 4 ao
t oo
American Aarieulturlat
Scientific American
Cenlary Megaaina-
at. Kteholaa
Harper'. Voang People
Tootb'o Copanion
AtlaMio HooiUy...
Uppiaawtl-a acaino
I Phrewalogtcal Jo.mal ..
" -1 -
' Peieraoa'a Maganuo
' P .palar Science Monthly
Harper'. Mocibly
1 Weekly
, " rUcar
: OWar'i Laay'a aWk...
Detarawl'e aoatkly
katloo'a Varaciaaa . .
. 1 to
1 so
1 ta4el lta
wr Little Ova.
Ho Par-.
yy A other raper or FerMi
.'(Yi itof iitclntled in Ike abnre llt.
uLled at proporfumnte mti4, or or-j
. J. . ifl I
r,.-,t i. r rn Tf i tt mi nnt.i ijtmrrm rriv.
fnt of charge end yoUige ptejaid im
all cort.
" J I - r . . .
Te lt.ee enr4 y fa 1 jr. a, rrMry of j
oa4 pu fcoa eat o ifce f-wK niako it aew-lwe- j
y iMu to oet4 eawa.trra.we aanao Vy penal J
rrr. rrfurrti leiaer or ra. j
T V nrre.1 of c: pvuicmuv moraaiMe. j
If aM o mMU. t at nay oa1 Wla a
re tV ora aa.'y aw "al
.-i v :ke errar. . u.y. avoy yn-yi y ee
iwvl Oar ..... ...V.y ea a el rr" "-a
e it m wn--Jt r.i?K etti ia r . twea tie
e.t te o aa o-a
Ti prenaroil aolely (brtho
cure ol oomplalnta "Ulcb
ttllotall womankind. II
Ivaa tone and aire ugu to
Clio ntj.rlnn oncal
eorrecta daneemni dtaplaoemeuta and ',"u,rt
nterino online, man
;tita. itiKorrentvantein cnanffe ornre. inauwui
Enuk-i.t.w bhm a a. a& rma aaiiinrlpabrta.
Iianoy areatly ri'lleveatlie palnaoriiiotheruoouaiid
ilea apeeoy reoovery. it tuim naiuro w
relv nuaki
tbo critical chaDee from girlhood to
token at all tlmea -lth pi
lliapieaaautto ineiaaie inn oiay og
erroctaaretr. frloe.tl
rnaviLiBT i
MTennV-.t.f. UiiVQO
The Bane of Hot Weather.
Thoro is no time that la looked for
ward to by the mothers of small child
ron, with more mortal dread, than th
hot wcathor of tho summer months, ca
pecially is this the caso whnn theii
chiMren are toothing. The number oi
children that aro carried away annuallj
by bowel complaint, in its rarioui
forms is prodigious. Yet almost ever
case could bo cured by proper care and
troatment. During the past fifteen
years, it has been abundantly proven,
tliut the worst cases could bo cured and
by a remedy within the reach of all.
Chamberlain's Colic, Cholera and Diar
rhoea Remedy has cured thousands o;
cases, that wero considered hopeless, it
lias cured thorn aftor physicians have
f ailod to relieve, it has cured them aftoi
other medicines had boon tried without
boneiit, it has oven cured them aftoi
they baa become unconcious. It ens
always be depended upon, and should
be kept at hand, by overy mother oi
small children. When children are
toe thin or. the diarrhoea can not be cheek
ed permanently, as tbo same cause tha
produced it will bring It on again, but
it can and should bo controlled bv
giving Chamberlain's Colio, Cholera
anu jJiarrnoFia i&omcdy, as tho Case may
require. Then when the child fe
through teething, the diarrhoea may be
effectually checked. This remedy has
been tho solo relianco of thousands oi
fifteen vcars. and its cures hnvo shown
it to be tho best and most reliablo rem
edy ever produced for tho purposes.
lien reduced with cold water and
sweetened, it is pleusant to take. Man v
children like it. It is put up in 23 cent,
50 cent and 1 dollar bottles.
My child, seven months old. was taken
sick with summer complaint. I called
on our family phynioian and procured
medicine, and used it for nearly three
weoks but still the child continued to
get worse. I was persuaded to try
Chamberlain's Colic, Cholera and li-
arruica Kcniedy, ana inside of four
days, we had the child's bowels rotrulnt-
oil and in a short timo it was well.
Since that timo I alwnvs keep a botfJo
of the preparation in my houso.
We feel satisfied that Chamberlain's
Colio, Cholera und Diorrhosa Remedy
is tho best medicine we handle for all
diseases of the bowels; wo have given
it a thorough tost. A member of our
family, a little girl, had been very sick
with bowel complaint, we had the
doctor to see her twice, after giving her
what aiedicine the doctor left and see
ing that sue would have to have more
we concluded to try Chamberlain's
irom the nrst dose she commenced to
improvo and soon rooovered.
C. JJeely & Son, Per 8am Neei.t,
Bay City, Pope Co. 111.
F ! Sale by Eaynolds & Daniel.
For sale by all Drugisto and Dealers.
iGitiish, Lnrsr
and Bsvs!
Curervtnetlpatlon. InilicCTtion.PeaTW'paio.P'''
Bick H.-adache. Uvt Comvlnintn. Ixwn of Ap
retitp, Biliouftiex. Hrmuom. Jnnndice-, etc
For 8.JC by all Druori-ia. Frire, aa Coot
nunc MKUFCTUii:c5 ca. rr. win. no.
la aaae ao4 mmmtr Oa-ro la too ana itaWan aaaam.
H Uaaroaaa.r i i , Waan of kLaiaxaa..h --a
1Tfr tw. aM Uaia m LrwL i Ca il
X GV B A.XTIED 4U.icia f: ta 1 t.m
m .li.re'wT. - a'roiT aj ,-4 im rt.
f"Cm t T? ; a L' ear tJ wear Pr-fcaat
f-r Vk rtTT.A 7Cy;' rnao. IL pee kULa.
niii ': fjTU c, : jt. jto-
it-t. xM- e iwni rrv
1 1
- -
ni i'f i-f
"r"' from tU ae of tL iJlOI.OTJ of jrcrv-1
naHrrwVT a navrtt IxtraHn mmtat ootvy cootione, sad
7i w irraiLtAociLT Ttai. ieri r nsoanU to very ot qaile as
,t1mu n i t rtTi, tv t Bnch ir aiitaio as Lis salary cseJ
How Publio Funds Are U?ed for
Private Profit and Speculation.
Delivered in the House of Represent'
tires, February 29, 1888.
Mb. Chairman : In the commence
ment of my rouinrlcB I wish now to
disclaim any intention of unking any
attack npon any executive officor who
may now be or may have heretofore
been in power. But I intend to tell
what I believe to bo true, let it hurt
whom it may. The truth ought to
be told, and told without apology,
Sir. this country is now within tbe
grasp of a gigantio, cold blooded
money trust, which limits the money
out-put, prescribes tho conditions
upon which it deigns to accept toe
currency at tbe bauds of the govern
ment, determines the channel througo
which it shall reach the people, and
the terms npon which it shall be doled
This trust usurps the sovereignty
of the nation, mocks at the suffering
of victims, and rolios npon the pain
ful " necessities " of the situation to
keep them in subjection. For a quar
ter of a century this trust has over
awed Congress, and at this time is
setting at defiance laws which it does
not approve. It is a national organ
ization with ramifications everywhere.
It holds annual sessions, has an ex
ecutive council which meets iu secret,
and is clothed with power to collect
1 larcre sums of money and to disburse
the same for purposes which are not
made public. It is tho architect of
our present financial strnctnro. They
have built it to suit tho cupidity of
tho usurer, and so ns to minister to
the devouring appetite of money
ghouls, rather thnn to servo the le
gitimate wunts of business nud trade.
They have made it a snare und a do
lusion, and a ruck of torture to those
who are content to accumulate wealth
by production, and it has proved a
bed of quicksand to business energy
and honest thrift.
I regard the situation to-day as not
presenting a contest between the peo
ple and any execntive department of
the crovernnient, bnt a contest be
tween tbe people and a non-political
moneyed oligarchy that controls all
departments, and seeks to control all
political parties. Where is tho money
which this resolution seeks to have
paid out in the purchase of bonds T
It is not in the troasury. Fifty-nine
millions of it aro in the national banks
and they are using it without inter
est. The Secretary of the Treasury
has sorious doubts about his author
ity under the law of March 3, 1881,
to purchase bonds with tho money
It is a little singular that some doubt
did not arise in his mind as to his
power to deposit this amount of
money in the national banks. Under
what law did he deposit itt You
will find the law on page 365 of loans
and the currency
" All national banking associations des
ignated for that purpose by tbe Seoretary of
the TreuHury shall be depositories of publie
money, except receipts irom customs, un
der such regulations as may be preHoribed
by tbe Secretary, and tney rutty aiso De em
ployed as financial agents of the govern,
Now. Mr. Chairman, when was that
law passed ? It was passed in June,
1884, during the struggle for the
preservation of tho Union, when the
government bad to disburse large
sums of money in various parts of
the country in payment of tho army
and in payment of supplies, xuat
was the necessity, under which the
law was passed and the necessity hav
ing ceased, the rule ought to have
ce isod also.
There was no design in tho pas
sage of that law to make nationul
banks depositories of government
funds for their convenience and ben
efit. It was the convenience of the
government that was uppermost in
the minds of Congress, and when the
necessity ceast-d the deposit of money
in the national banks should have
ceased also. But, sir, it is true that
thera are fifty or more national banks
in this country that have been liter
ally stuffed with government money
for tho past quarter of a century ;
money wrung from the people by un
just And oppreaaivo taxation baa been
stulTed into the tanks, and by them
loaned back to the poor wretches from
whom it was extorted. Who on this
floor will deny this T Fifty-nine mil
lions 1 Where is itt Scattered pr
mipcuoaJy over the country, without
regard to tbe convenience of tbe gov-!
era men t, utterly in deSaooe of sound
policy, and solely with referenct to
tbo convenience and at tbe bebeaU of
tbe banks.
Let me give yon a ppecimen or two.
I find in tbe litt I bold in my band
the IT.Ami.lon National bank, of Fort
Wayne, In.L, which has nearly 1 100.-:
(m of tie pil.: money. WLo
bu.kUtLtl Taat is . in which
an i Swretary of the Trsnr?
fMr. Mc-Cc"icl., ilrfc-fe"v iit crc-U-J.
Hs Alirr m SocreUrr of tbe Tre
orr oevmil Uxtz kz. I "it his fronts I
to bo. IIo is using tho peoplo's
monoy that has boen wrung from
thorn at the cxponso of thoir homos,
at tha oxponso of thousands of bun
gry ohildron all over this country who
are half-clad, half fod and less than
half-educatod. Applause. Who
else have their clutches on this gov
ernment money T The Chose na
tional bank of Now York has $1,
100,000 of it Who presides over the
Chose national bank! Mr. Cannon,
late Comptroller of tbe Currency,
lie still has his hand in tho troasury,
and is nsing, without interest, $1,
100,000 of government funds, the
profits npon wLioh far excoed the
salary which ho received when ho was
Comptroller of the Currency. Then
comes the First national bank of
New York. That is the bank that we
caught with $13,000,000 of tbe public
money in it whon Mr. Sborman was
Secrotury of tho Troasury, and when
its own capital stock amounted to less
than a qa ti ter of a million of dol
lars. What kind of official honesty
was this, and what an oxample to the
country T That bunk to-day has $1,
100,000 of government money, of
which it has tho use without interest.
Whilo the farmers of my district and
my State are ground down by the
mortgagos and crushed into the earth
by their debts, this gentleman and
bank aro the favored ones and have
the free use of $1,100,000 of the peo
plo's money. Then we have tho Na
tional Bank of the Repnblio in New
York, with $930,000 of government
money, who presides over it" John
Jay Knox, an ex-Couintrollor of tho
Currency. He, too, has his arm in
the treasury nn to tho rKiow. and tbo
profit which be derives from the use
of this $930,000 of the government
funds far exceeds bis salary whon he
was Comptroller. Nest wo come lo
the National Bank of the Rapublio in
the city of Washington, a bank iu the
same city with tho national treasury,
and alongside of it. What necessity
is there for a government depository
hero m Washington t Everybody
knows it is a more gratuity to the
bank, and I denounce it as a shame
less exhibition of bad official moruls.
The National Bank of tho Repnblio
is presided over, I am told, by ex-
Pofitmaster-Goucral Creswoll, and it
has $165,000 of public funds.
Ma. Payne. Did the gentleman
mention tho National Bank of the lie-
public 1
Mr. Weaver. Yes, sir : a bank
hero in Washington.
Mr. Payne That is not locatod
alongside the treasury department.
Jila. Weaykr. How for from it ?
Mr. Payne Down ou 7th street.
fLaughter.J Ono word more
Mr. Weaver. No, 6ir ; I do not
wish to be further interrupted my
timo is limited.
Mr. Payne. Mr. Cresswoll is not
President of. tho bank.
Mr. Weaver Well, Mr. Cress
woll's bank is using public money, as
I understoud. 'If I have tho wrong
bank by the ear, I have not the
wrong ex-Postmaster-Qoneral by the
ear 1 Langbter. I may have
placed tbe right man in the wrong
place. Now como to tho Western
National Bank of New York. That
bank, it will bo romembered, was or
ganized during tho 6econd session of
tho Forty-Ninth Congress by three
prominent treasury 'officials, concern
ing oneox wnom ipeaua to uis asnes
I will say not a word ; but two other
treasury ollicials the Treasurer of
the Unitod Slatos, Mr. Jordan, and
the Sub-Treasurer of tho United
States at New York, Mr. Canda, were
prominent in organizing th it bank,
and aro prominent stockholders iu it
to-day. How ranch government
money has this bankf One million
ono hundred thousand dollars. It
deposited bonds to tho amount of
$1,000,000 and received 1,100.000
of government funds, whicb are be-
ing nso'l by tins bank as well as tueto
other ex-ofbciuls aro using govern
ment funds for their own profit anl
advantage. F. O. Mithieson, one of
the prominont characters iu the in
famous trust, was conKpienotis in or
ganizing Lis bank, an l a prominent
stockholder in it I examined the
rec-jrd with repfird t'j this Lank, and
want to give whit it says. The
book which d':Mjnat..ij tho aoiount
that these blanks sli t!! receive shows
i'u'at order conevrniog the Western
National, "Fill tho bank from banks
outeidc of New York." If not that
good T Langl-ter I have a letter
from the Secretary of tho Treasury
concerning thin book which I dehire
to read for the edification and in
struction of this Housee. It i dttt-d
Washington. D. C O.-tohcr 8, 1S&7,
and is directed to the Treaj artr of
tbe Unitt 1 SUlca :
Kia: Tho WMer V.tionn! Rank of X
York rilban beoa d-aiunU-l
Mat- H--t'J7 . nt, fi.l fr to Mtirize Liu. to bay these
t r-ar r-.t. I. orW to nrov tund. at the premium to tUh Lis
ansa! in U:i.it a bUne by merm- wrttcbel pol.cy La boomed tbotn.
nUt.i.f rT-r,a d-i. I miU tWk y-n. j
V0 " ,, ''r'T ,
. , Z-7Wu f, v-T yZl
r,ny U 2.tJt
jtvV. to u, tr- 4 .ranir emri m- .
' 't- 'ni J -.
(. . I
! - ! ZZCZ .1 v . .iTT.'. I.Tw .
ur.rm Ucnre-l, if he -w j!, boy aa
(1 8. .nwu. rHa7. a U of Mut. ISsl. bet
Now. La ut b or r t tLs,l r -rr tWul by xy Urn
Tr'.AAcr'T tf tla I'ti.u l hutt, to lr-4 I'y m iU ttJ-l tV Ley
whereupon he issued Lis order to tho
banks outsido of New York to trans
mit their balancos directly to tbe
Western National Banknot to tho
Sooretary of tho Troasury bnt di
rectly to that bank, and to Ulegrtph
the amount of tbeir remittances to
the Secretary of the Tronsnry.
And then at this session of Con
gress the Sooretary of tho Treasury
has sont in an item .showing a defi
ciency in tho tolographio expendi
tures, and he stotes in his lotter that
the deficiency is solely owing to the
large amounts of deposits placed in
the national banks, that is to say tho
cost of this telegraphing, both to
and from tbe banks that are using
this iro vein men t money for nothing is
paid out of tho treasury of tho Uni-
- . . If OJ A AAo
ted Utates ; ana m oraer to moot mis
a , a.
expense an Horn nas boen niiowea in
tbe urgent deucionoy Dili wuicn
passed this House. What cxoubo is
there for this t I
Then we baye also tho Third Na
tional Bank of Buffalo, N. Y. Whose
bank is that T It is a bank controlled
bv contlomou prominent in the Stand
ard Oil Trust Yes, the ; Standard
Oil Company has its hands in the
treasury also, through this and other
banks. Think of tho burning snaine
and disc-race of this transaction ! No
wonder the people are losing confi
dence in the government. lnis
Standard Oil bank tho Third Na
tional Bunk of Buffalo has $165,.
000 of tbo govornmont monoy ; and
tho Soaboard National Bunk of New
York, in whioh Daniel O'Day, the gon
erul manager of the Standard Oil
Pipe Line, and J. J. Vandergrift, the
President of the Standard Oil Pipe
Line, are prominent stockholders, has
$515,000 of government monoy.
Tho President and Treasurer of the
American Bankers Association are
presiding over national banks which
nave Deen uesignuieu as uopoHitonos,
and twelve out of the twenty-one
mombors of tbe executive council of
that " trust aro amo connected with
banks that are depositories, and are
using government money.
Mr. Chairman, it is truo that one
and all of these "trusts" that are to
day choking the very life out of tho
pooplo of this country aro, through
thou' national . bunks, using to a
greater or loss.oxtent tho govornmont
money, and are nsing it to oppress
tho people. I say this is a public out- j
rage and villainous snaine. xiere
Congress has been sitting for noarly
three months and not a naii-aozon
voices have boen raised against it,
not a raovo has boen made to remedy
tho ovil or to rebuke the crime. On
the contrary, efforts have boen made
to extend th6 privileges of the banks.
donounco it, and trust 1 shall be
pardoned by my Democratic breth
ren for my Jofforsonian and Juckso
nian eccentricities on this subject.
I think we havo reachod a timo when
tho Democratic purty can afford to be
Now, Mr. Chairman, I have already
indicated that this money is not in
the treasury, but iu tho banks. The
banks are simply tbe lensos through
which, like a radiation this money
reaches tho people. It is now in cir
culation, and the business of the
country has adjusted itself to it
Now, I repeat the question: "wny
was this monoy placed in the banks
in tbe first placeT" I know the an
swer, and the only auswer which can
be given. It was done to avoid a
panic which was then impending.
Let ns grant that to bo true. I as
sert here and nowthat if you rocall
this monoy aa this bill is intondod to
do, you will inevitably precipitate a
panic, and nothing can prevent it You
cannot take it from circulation again
through tbe banks without serious
This bill will not have the effect
whit b is desired, nor will tho Secre-
t.ry of the Troasury undertuko to car
ry it out Ho doro not He may un
dertake to buy a few bonds with the
surplus actually in treusury and not
in the banks, or which may hereafter
accumulate. He will not take tbo
responsibility of calling tho money
into tbe treasury in the present strin
gency in the money market The
banks, sir, are the masters of tno sit
uation, and not the secretary. Buty n
a ill answer we can demand the mon
cy of tho banks or compel them to
sell their bonds held for deposits.
You can do nothing of the kind.
Tbey" will say to you: Our bonds are
valuable, and we do not want to sell
If you want your money we will call
in our loans and pay you, but you,
Mr. Secretary, must take the rcspor.r
aib.lity of a rnnic, wLich it Lkuly to
follow. That is what they will My.
Another fact, Mr. Chairman: The
mot Ury La increaat-d the remiuin
oa tliearo bonds by this enormous
toitoii.T.ifn of denokita. and this bill pro-
TLU li auuiethiag WUTM thlO folly.
i;y thin policy b lxxta the pr ,
ot bvda in tL aaJa tf tin UiJ , d n u jron. ;ng C4X ns bis Da
Ul rt, aJ taw joa jix j-fco lo;Uiiwork on Lia m:nd for several
Lay tU-M Lv&l Lack attLe iacrtast-J yrm, and fels that be ouyll bow to
.v - ,. comp.tta it without aav farther dv
tL iad-! ny tSe .Serrttuy of 1
Trarr LewUte He w.s aa
them bock at tbo increased premium'
If this proposition passes and the
sooretary undertakes to call in this
money, I jay to tbe business mon of
the country tbey bad better prepare
to stand from under. Yon all know
that aj well as I do. What shall be
done, thcnT Ab, I will toll you the
remedy. What powor bare we over
those bondholders! I wish I had ev
ery tax-pa jer of tbe country within
sound of my voico. What have we
the power to doT More than $2,400,
000,000 of interest have been paid by
the people to bondholders since tha
close of tho war, and more than $1,
600,000,000 of principal making
000.000,000. a sum as trreat ns the
present national debt of England.
What is the prosent proposition!
It is that we shall compel the people
of the United States to pay over Zi
per cont premium on these bonds held
by those bondholders. -Why, that is
not a statutory obligation. Have we
ever contracted to pay itt We have
the monoy in the troasury and w
havo the moral right to insist on pay
meat at par nnder the sovoroign pov
or possessod by tho government
England at one time insisted upon
this right and exercised the power.
Yon will find tho whole .matter ably
set forth in Senator Sherman's speech
on the credit strengthening act and
tho fnnding bill previous to the issue
of these very bonds.
Mr. CLnirman, at tho proper time
I give notice I will move as a Bobeti
what I ask the clerk to read.. The.cktk
road as follows.
Bo it enHcted, etc, That tho Secretary of
the Treasury is hereby authorized and di
rected to apply tbe surplus money now in
the treasury, and sucn surplus money m
may borutaf oro .bo in the treasury and. not
otherwise appropriated, to ,the redemption
of United States bonds at Par until all of
said londs, together with the scorned intar
ettt thnroon. are called and uaid: and from
and aftor the fixed date in the call of tb
trwsury for tho presentation and payment
of slid bonds, all itteroxt .thereon slial) -cdhso,
And in making calls or bonds for
redemption, as aforesaid, the sooretary shal
tint cull tho bonds held to eeoura go.vqrp
maut dupomts.
Now, sir, I have the entire list iu
my band of tho national depositories
which have been created under this '
policy of the treasury department, and
thoy number 298, which has probably
boen incroased by tho addition of
eight or ten since the list was prepar
ed. 1 I appen u tho list and asK tuac
it be printed in the record. It was
inaugurated in October, as I under
stand it that is, tbe present extend
ed policy; but the law was passed io
18G4, and to a limited extent bun KB
havo beon designated by all the soa
rotarloa. Tho policy, however, ol
depositing tho par value of per
com Don us ana xiu ou yar uuu
bonds was inauguratsd by the pres
ent Seoretary of tbo Treasury during
last summer or fall.: The policy
therefore obtaining only gave the
banks from 80 to 90 per cent, ' '
Mr. McMilun. Will the gentle
man from Iowa not state that that
was because tho bonds were under
par when the system was inaugurated!
Mb. Wsavbb. I 'snovri but so were
the deposits under par very far be
low the value of the bonds in tho
market Our bonds have not been
l-w. I s-ai nnii fits rvi nnw vnoM anrl It A
policy of increasing the deposits was
ordered by the present secretary, ss .
I am advised.
Ma. Chairman. The time of the
gentleman from Iowa has expired.
A New Biography of Lincoln,
A new biography of Abraham Lin
coln is in process of preparation by
Lincoln's old law partner, William
H. Herndon, of Springfield, 111. Hem
don and Lint oln became acquainted
in 1831, and they bad beon in the
practice of law together fox many
years previous and up to the time of
Lincoln s election to tho presidency
of the Unitod States. In fact their
partnership was never dissolveduntil
it was dissolved by tho death of Lin
coln. Immediately after that event
Herndon began noting down his tec.
ollections of his great friend, and col
lecting data respecting him and I is
hfe and labors, and has continued it
ever since. -Nearly two years ego tie
can to write on bis work and has
continued almost steadily np to this
time. He has a farm about even
miles from Springfield and has kept
himself housed out there daring the
whcJo of the past winter, writing
about eight hours every day. He has
not come to town of tent t than once
in about three weeks. Only a few
of his intimate friends know what he
is about. The ciauj script is in such
a state of advancement that its com
pletion ia expected anont the last of
Jane next A great deal of entirely
new matter will appear in it and the
Great Liberator will be treated much
more completely as bis Illinois friend
knew him io Lis rining days, and aa
be was known in hi office, in the
courts and in the varied w alks of life,
than any previous delineation thai
bu bet n given of Lita. Jlr. Uere-
lay. He nnd-rrtood to be tcl.4
y an Iadiim gnCttn for&r'y in
, toe rDi-n trk. Am-trr 'U
fr tLe f.LcoUa of 1. wora b"e
.already pfU-d- G'.ol Ir-

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