Democratic Sentinel, Volume 2, Number 22, Rensselaer, Jasper County, 12 July 1878 — Page 1

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NEWS OF THE WEEK.

FOREIGN NEWS Austria will send civil officers with the army which is to oectapy Bosnia and Herzegovina, and proceed immediately with the reorganization of the government of the provinces. The congress lias decided to cede to Itnssia that portion of Bessarabia which she nest in 1866, extending from the Pnith to the Kilta valley. The congress has also decided to transfer the Dobrudwha to Iloumania. A petition from the British AntiSlavery Society asks the Berlin Conference to declare the slave trade piracy, and refuse to recognize slavery as a legal institution in any state represented in the congress. The memorialists assert that the slave trade for ithe supply of Cuba and Mohammedan countries consumes half a million negroes from Africa annually. Vera Sassulitch, the woman who attempted to assassinate Gen. Trcpoff, Prefect of the St. Petersburg Police, has arrived at Geneva. The two American crews that crossed the water to take part in the annual Henley regatta on the river Thames have more than ustified the expectations of their friends. The Columbia College lads carried off the visitoia' challenge cup by winning the first victory over achieved by an American prew in British waters. The Bhoo-wac-cae-laette crew, of Monroe, Mich., made a creditable showing, though they carried off no prize. They won the first heat in the race for the Steward’s cup. In the final heat one of the oarsmen of the Michigan ■crew, while making a gallant struggle for the lead, was seized with sudden illness, which destroyed all hopes of success. Altogether Americans have cause to be more than satisfied with the result. A dispatch from Calcutta reports that 4,700 houses have been destroyed by fire in Mandalay, India.

DOMESTIC INTELLIGENCE. Xia <st. Col. Alvah Buckbee, a prominent resident of Elmira, N. ¥., shot his wife, his mother-in-law, and then blew his own brains out, dying instantly. Both women are fatally injured. Dr. J. C. Ayer, of patent-medicine fsme, is dead. A picnic party at Sugar Camp grove, near Pittsburgh, Pa., on the Fourth of July, worn suddenly overwhelmed with a terrific •"term of wind and rain, and the blowing down «>f a tree upon a wagon, in which eighteen per'scus had taken refuge, killed seven of the number and wounded many more. AVest. A Cincinnati telegram says: “The movement against the use of agricultural machinery is reaching such proportions in Ohio and Indiana as to seriously alarm farmers. Scores of reaping machines have already been destroyed, and every day brings reports of fresh depredations. On other machines notices were posted threatening their destruction if their owners do not lay them aside and employ men to cut their grain. Many farmers are yielding and discarding their machines.” A dispatch from Hat Creek, Wyoming, says a coach from Deadwood, with six passengers, was attacked by road agents, sixty-five miles south of Deadwood. Only two road agents camo in view,and, after placing the passengers in line and robbing four of them, they advanced to Daniel Finn, who drew his revolver, shooting one robber in the region of the groin. Finn was about to shoot again, when he was shot by an accomplice of the robber, who was hid in ambush. The ball entered at the left side of the nose, and, passing through the mouth, came out in front of the right ear, inflicting a painful, but not serious, wound. The robbers then retreated, firing several shots, wounding two other passengers slightly. Advices from the scene of the Indian war in the far West report a disastrous three days’ fight between Col. Grover's command and a body of Bannocks. The whites were completely surrounded by the hostiles and utterly demoralized. Eleven of their number were killed and a number wounded.

The Governor of lowa has been in receipt of dispatches from various points in the State notifying him that companies of tramps had taken possession of railroad trains and were dangerous to the towns. Some of them were from Mayors and Sheriffs, asking authorityfyo call out the militia. The Governor, in response to these repeated calls, has issued a proclamation calling upon the local authorities throughout the State to be diligent in preserving the peace, and instructing them how to proceed in case of real or apprehended danger from the numerous bands of tramps traversing the State.

fSontll. The Supreme Court of Arkansas has decided the levee bonds issued in 1869 and 1870 unconstitutional and invalid. About $3,000,000 in bonds are affected by this decision. The court declares them worthless. Tiie steamer Capital City, while lying at an elevator in Memphis, caught fire and was totally destroyed a few mornings since. The flames extended to the elevator, which was also burned. Loss estimated at $250,000. Two of the boat’s passengers perished in the flames. The St Louis tunnel and railroad, extending from the western end of the bridge to the Union depot, in St. Louis, has been sold under foreclosure of the mortgage of 1873, the bonds amounting, with accrued interest, to $1,500,000. The property was bid in for the bondholders for $450,000. The much-talked-of race between Ten Broeck and Mollie McCarthy, for $20,000, came off at Louisville, Ky>, on the 4th of July, and resulted in an easy victory for the Kentucky horse, the California mare being distanced in the first heat. Many thousands of people from every section of the country journeyed to Louisville to witness the contest, and went away greatly disgusted at the tameness of the affair.

POLITICAL POINTS. President Hayes was interviewed at Wilkesbarre, Pa., whither he wont to attend the Wyoming centenary. He expressed himself, regarding the Potter investigation, that the whole affair, so far, was a farce—an example, indeed, of much cry and little wool; or, more correctly, no wool at all. If they had accomplished anything, it was the reaffirming by Congress of his title, which was, probably, what they did not start out to do. Rethought certain Republicans, some of whom he named, originated the affair, and were conducting its operations under cover. Secretary Sherman was also interviewed, and said he believed the story told by Weber to the committee was concocted within the last ten days. He thought such a story would deceive no one acquainted with the darkness of Tunisians poll-

The Democratic sentinel.

JAS W. McEWEN, Editor.

VOLUME IL

tics. Mr. Sherman said if he had the most distant recollection of having written the socalled “ Sherman letter,” he would acknowledge it promptly, for there is much in it that he would have said had he been writing at that time, but he has no recollection whatever of having written a letter to Anderson and Weber at any time. The Democrats of Arkansas have nominated Gov. Miller for re-election. The Alabama Republican State Convention, in session at Montgomery last week, decided to make no nominations for State officers, and tabled a resolution indorsing the administration of President Hayes. An inmate of the National Asylum for Soldiers at Hampton, Va., has preferred a charge of violation of the articles of war against Gen. B. F. Butler for circulating under his frank copies of the speech of Senator Howe attacking the President.

WASHINGTON NOTES. Mrs. Capt. Jenks was again before the Potter committee on the Ist in st., and admitted, rather reluctantly, that her brother, Mr. Murdock, has been provided with an appointment in the New Orleans Custom House since the present investigation was begun... .Boulds Baker was put on the stand, but absolutely refused to testify or answer any questions. He is the man who telegraphed to Tom Young, of Ohio, urging the appointment of Postmaster General Key as « member of Mr. Hayes’ Cabinet. The monthly public-debt statement, issued July 1, is as follows: Six per cent, bonds $ 738,619,000 five per cent, bonds 703,266,650 Four and a half per cent, bonds 240,000,000 Four per cent, bonds 98,850,000 Total coin bonds $1,780,735,650 Lawful money debt, $ 14,000,000 Matured debt $ 5,594,560 Legal tenders 346,743,313 Certificates of deposit 46,755,000 Fractional currency...., 16,547,758 Coin certificates 45,829,610 - Total without interest $ 455,875,682 Total debt $2,256,205,892 Total interest 36,404,551 Cash in treasury: Coin ..$ 197.415,132 Currency 2,653,479 Currency held tor redemption of fractional currency 10,000,000 Special deposits held for redemption of certificates of deposit 46,755,000 Total in treasury $ 256,823,612 Debt less cash tn treasury $2,035,786,831 Increase of debt during June 2,149,381 Decrease since Juno 30, 1877 24,371,391 Bonds issued to Pacific Railroad Companies, interest uavable in lawful money: Principal outstanding 64,623,512 Interest accrued and pet yet paid.. J... 1,938,705 Interest paid by United States* ...... 37,896,334 Interest repaid by transportation of mails, etc 9,881,444 Balance of interest paid by the United Emile L. Weber, a brother of 1). A. W eber, AntjerHon’s fellow Supervisor of Elections, was summoned before the Potter Committee on the 2d inst., and read a statement setting forth that *•' he had no personal knowledge that Democratic intimidation had existed in the parishes of East and West Feliciana. His brother and Anderson had informed him that the two parishes had gone fairly Democratic. Great influence was brought to bear upon his brother to make his protest, and he had been approached very frequently to use his influence with his brother to effect the signing of the protest. He saw Anderson sign his protest, and swthejflanks therein after Anderson had left. /Weber had, in conversation with Secretary Sherman, explained to him that his brother thought his parish had gone Democratic, and he was disposed to take back his protest, whereupon Sherman assured him that his brother would be cared for, and requested that he send his brother to him. His brother, on the day he received it, showed him Sherman’s letter of assurance, and said he had received it direct from Sherman. Weber was familiar with the handwriting of Sherman, and was satisfied that the letter was written by that gentleman. The Sherman letter was the subject of great mortification to the Weber family, and for this reason it was destroyed in 1377. Mrs. Jenks was in no way connected with the authorship of the Sherman letter. In regard to the agreement between James E. Anderson and D. A. Weber, I here state that I personally know that such an agreement was entered into, and was substantially the same as has been presented. My brother was murdered March 7. In the issue of the paper of which he was editor previous to his effiath he threatened to publish certain letters and a statement emanating from the State Auditor’s office, and that is supposed to have supplied the immediate cause of his death.” Mr. Cox, of the committee, produced a letter written by the witness to a cousin in St. Louis, in March, 1877, in which he described with much feeling the murder of his brother, and charging the Democrats with the crime. Weber protested against the reading of this letter, asserting that the statements contained therein were false, and that it was written with the expectation that it would be published at the time, thereby creating a feeling in the North in favor of the Packard Government.

E. L. Weber was again before the Potter Committee on the 3d inst., and testified, in regard to the alleged frauds in Louisiana, that it was arranged before election by Kellogg, Thomas C. Anderson, and Packard to secure affidavits of intimidatio B in the parishes of East and West Feliciana for the purpose of throwing out those parishes. He was asstu-ed by Kellogg and others that if he would use his influence with his brother toward having him make a protest, he (witness) would be returned to the Senate. He was defeated for the State Senate by about 1,200 majority, and was returned by the Returning Board as elected by about 600 majority. “ Packard told me a few days before the election that, if he and Hayes did not get any votes in East and West Feliciana, he was going to be Governor and Hayes was going to be President. He told me this in the presence of Mr. Armistead, Mr. Duncan and others, whom Ido not now remember. He said the best way to dispose of the Democratic majority was to throw out the vote of the county: that that was better than making a Republican canvass, and I know of my personal knowledge that Kellogg employed L. B. Jenks to keep James E. Anderson away from the parish, and to prevent his holding an election there as Supervisor.” Witness stated that some of the visiting statesmen had interviews with Eliza Pinkston in the Custom House before she was brought before the Returning Board. He thought one of those who interviewed her was Senator Sherman. He was of the opinion that the Eliza Pinkston outrage was a put-up job. Witness said Mrs. Jenks came to his house and stated that she knew of the existence of the Sherman letter, and was in search of it, and would pay well for it. Witness stated that since he came to Washington to testify he had been approached by friends of Secretary Sherman on two or three occasions and told if he would give evidence contradictory of Anderson’s story he (witness) would be well provided for. Witness said he had already been used as a tool, and he didn’t propose to be so

RENSSELAER, JASPER COUNTY, INDIANA, FRIDAY, JULY 12,1878.

used again.... The committee adjourned till Wednesday, July 10. Subscriptions to the 4-per-cent. loan amount to $10,100,500. The aggregate appropriations made by the last Congress were $100,010,550. L. D. Ingersoll, author of the “ Life of Greeley,” and a long time connected with Chicago and Western journalism, has been appointed by Secretary McCrary Librarian of the War Department. Persons holding intimate relations with the administration say that the Government is not inclined to make trouble with Mexico, and that rumors as to impending complications originate largely with adventurers and speculators.

MISCELLANEOUS GLEANINGS.

Ex-Gov. Tilden sailed for Europe on the 4th of July. The War Department will push recruits to the portoin of the country disturbed by Indians with all practicable haste. It is stated from Washington that the belief is almost universal among army officers that there will be a general Indian war in the sections where hostile indications have presented themselves.

Recent Postoffice Decisions.

Ordinary pigeon holes, when used in a postoffice for the purpose of distributing the mails for any person or persons, are to be considered as postoffice boxes, and should be charged for. There is no objection to a printed price list accompanying a package of samples provided they are not marked or stamped so as to convey any other informations Parties owning boxes in a postoffice have the right to take them away, but so long as they permit them to remain parties using them must pay rent. A newsdealer may mail publications in which he deals to regular subscribers at the pound rates upon his furnishing the Postmaster with a list of such subscribers. A package having been delivered according to its address, if opened by some unauthorized person, the Postoffice Department has no discretion in the matter, it having passed out of its jurisdiction. There is no provision made in the Postal laws or regulations for the forwarding of printed matter. Soap ik unmailable, and packages known to contain this article should be excluded from the mails.

A letter inclosed in a stamped envelope, fully prepaid, sealed and addressed, may be carried outside of the mails, or delivered by a messenger, or otherwise. Letters bearing a request to return at the end of specified time should be so returned in accordance with said request, in case they are not delivered. Box rent must be paid at least quarterly in advance. To wrap a package of second or third class matter in old manuscript would subject the same to letter rates of postage. If a figure in a price list is altered it would subject the same to letter rates of postage. When a paper issues a genuine supplement the fact should be mentioned in its columns, and the additional sheet should be properly headed “supplement, etc.” Glass is unmailable, but Postmasters have no right to refuse to receive a sealed package prepaid at letter rates on the ground that they suspect it may contain glass. s ■ To inclose an envelope with a written address thereon in a package of second or third class matter, would make the entire package subject to letter rates. Free circulation is confined to newspapers mailed to regular subscribers residing in the county where the same is printed, in whole or in part, and published.— Western Postal lieview.

Sad Accident to a Pleasure Party.

Yesterday a party of young people from this place and Mayfield made an excursion to what is known as Funck’s lake, about six miles south of Manti. On the lake was a boat, in which the excursionists took pleasure trips across the water. About 1 o’clock, while the boat was in the middle of the lake', a terrific gale swept over it, causing a panic among those on board. Most of them rushed to the bow, capsizing and sinking the boat. Five from Ephraim and six from Mayfield were drowned. They were between the ages of 8 and 22 years. Only two were saved by clinging to the boat. The greatest exertions were made to save the parties from drowning, by men taking poles and slabs, and, at the risk of their own lives, venturing out on the lake, but all in vain. About two nours after the disaster the wind subsided sufficiently for men to take the boat and search for the bodies, which they found within a few feet of one another. By 5 o’clock all the bodies were recovered. This sad accident has cast a gloom over the whole community. The following are the names of the drowned:

From Mayfield—Oliver Oviatt, aged 22; Rosa Bella (his wife), aged 16; Miss Nora Neilson, aged 9; Master Jensen, son of Henry Jensen, aged 8; Miss Williams, daughter of John Williams, aged 10; Miss Stevens, daughter of Joseph Stevens, aged 10. From Ephraim—Charles Christiansen, aged 19; Miss Anderson, daughter of Lars Anderson, aged 16; Miss Bella Thompson, aged 11; Miss Andersen, daughter of Jens Andersen, aged 11; Master Larsen, aged 9.— Ephraim (Utah) Cor Salt Lake Herald.

The Jews in Vienna.

There is probably no city in all Europe, or indeed in. Asia or America, which contains so and so influential Jews as Vienna. >They are said to number not far from 200,000, and they hold many of the most prominent and important places in the community. In commerce they are very powerful, the trade of the capital being largely in their hands. Many of the leading firms are Jewish, and the banking business is almost entirely controlled by Jews. The press is for the most part-written, managed and directed by Jews; many of the musicians (Vienna is nothing if not musical) are Jews; the restaurants and inns are kept by Jews; the richest men are Jews and the prettiest women are Jewesses.

No Sunday Kept in Paris.

“ I see that your people do not keep Sunday,” remarked an American abroad to a lady resident in Paris, recently. “Ah, no, monsieur,” replied the Parisian, with a charming accent to her English, “we does not keep’nm—we let’s ’um go loose.” The American believed her.— Chicago Journal.

“A Firm Adherence to'Correct Principles.”

THE GREAT PERIL!

The Monster Monopoly. Centralized power is the never-failing enemy of. civil liberty. There now exists in the United States an association wilder in its scope, stronger in its resources, and more thoroughly hedged in its respectability than ever before was organized in human society. It is known as the National Bank Association. I propose to analyze its power and make known its purposes. This one association is composed of 2,300 corporations and more than 1,000 private bankers. The corporations have a fixed capital of $500,000,000, and control a subsidiary fund of $1,500,000,000 of money, making, with their deposits and the funds of the private bankers identified with it, a central colossus of moneyed power wielding the influence of $2,000,000,000 of concentrated capital, centralized under one supreme central head, favoring the most boundless and uncontrolled monopoly that ever united to master the destinies of a free and independent people. Its object is two-fold: 1. To prolong the existence of the national banks into an endless monopoly of banking privileges. 2. To control the money and the currency of the nation by defeating ail legislation tending to lessen the power or diminish the monopoly of the national banks.

To understand its purposes it is essential to understand the history of its growth, the extent of its profits and the power it can exercise for good or evil. When the United States Government was battling with rebels; when our very existence was trembling on the verge of exhausted coin; when banking resources gave out; when public confidence had weakened into suspicion; and when desolating war was demanding millions daily to sustain our armies in the field, there seemed but one resource left; it was an appeal for financial aid to the capitalists of the nation. Capital, always selfish, knew the situation and comprehended its power. While the bold, manly and generous youth of the country were rushing to the battle-fields, capital hid itself behind the selfishness of human greed to dicker and bargain for usury as the price of yielding to our necessities. In this hour of national combat the national-banking system had its birth, The Government was forced iuto becomiug the fawning-borrower-slave to the lender, Capital. Then it was that money dictated a system of monopolies, privileges and profits such as no Shylock had ever before conceived.

Then, When it had fashioned its law, when it 1 ad consummated its conditions, and panoplied its usury iuto Congressional monopolies lender like, it yet held back, creating suspicious, magnifying the power of gold, and dt predating the national credit, till it forced coin to more than double its value. Then, United States bonds having been fixed as the basis, and gold as the standard of their value, capital commenced to purchase the bonds. The Blank bill passed March 23. 1863. To get at just what the bankers paid for their bonds, we must establish the price of gold at the periods when the Bonds were sold by the Government and purchased by the bankers. The price of gold from April 1, 1863, to January 1, 1864, varied from 130 to 160, averaging 145.

During this time 66 banks were organized, with a capital stock of $7,188,393, making a profit to the bankers of $ 2,322,388.00 From Jan. 1, 1861, to Jan. 1, 1865, 508 banks were organized, with a capital of $86,782,802. The average price of gold was 210, making a profit to the backers of 47,729,542.90 From Jan. 1,1865, to Jan 1,1866, 1 005 banks were organized, with a capital of $306,374,404. The price of gold averaged 164.50, making a profit to the bankers of 107,484,228.60 From Jan. 1,1866, to Jan. 1, 1867, 131 banks were organized, with a capital of $22,315,163. The price of gold averaged 142, making a profit to the bankers of 6,694,548.90 From Jan. 1, 1867, to Jan. 1, 1870 tbe increase of capital was $10,316,886; currency was worth 70 per cent. The banks made a profit of 3,095,068.80

Making the aggregate of pr0fit5167,325,777.20 Showing the absolute profit made on the investment to have been more than four times the capital of the Bank of the United States, when it controlled the Senate, Congress, and the money of the Union, and more than $17,000,000, more than the entire capital of the Bank of England, which controls the finances of the British empire. Not contented with this enormous bounty, the United States was forced to obligate the people to exempt all of the bonds from taxation and to pay interest in gold on .the face of the bonds, namely on United States bonds to secure Circulati0n5392,563,300 United States bonds to secure deposits. 17,753,650 United States bonds for reserve.? 24,517,059

T0ta15434,834,009 This represents the bonds held by the banks in 1871, and the amount does not materially vary. Assuming the interest to have been 6 per cent, in gold, and the average premium from 1864 to 1874 on gold to have been 50 per cent, the interest would equal 9 per cent, in currency or an annual sum of $39,135,060.81 as a yearly bounty, which, taking the fourteen years the banks have been in operation, foots up to the sum of $547,890,851.34, which, added to the profit on the bonds, $167,325,777.20, make an aggregate of profits of $715,216,628.54. These figures, enormous as they are, are but the simple enumerators of the most gigantic swindle that ever was imposed upon a civilized people. There is nothing in the history of the world to compare with it in enormity, and every dollar of it has been stolen from the taxed and patient people to be given to the untaxed monopolists. But, thus far, I have only reached the cornerstone of the temple of the bankers’ privileges. The entire investment in the purchase of the $410,316,950 of United States bonds for banking purposes was but $197,508,239. This represents the sum in money invested as capital by the national banks. They thus started with a 20 per cent, investment. The next step in their monopoly was for the United States to issue to these banks 90 per cent, of national-bank notes, representing the credit of the United States, amounting to the sum of $350,000,000, to lend —for this currency was money—which the bankers received from the Governernment to use for banking purposes. This shows what the bankers got for their Investmentsl97,soß,239 Receipts—U. S. b0nd55434,834,009 National-bank currency 350,000,000 Making the sum on which they received intere5t.,,..5784,834 009

The interest received has been as follows : On United States bonds $39,135,060,81 On national-bank currency 33,250,000 00 Total $72,385,060.81 This is not all. The Government not only lent the banks its credit, so that they at once drew to their vaults deposits which have averaged $600,000,000, but they gave the banks the chartered right to loan these deposits. So that the aggregate of their loans have averaged the sum of $783,250,000, which makes the amount of their loans on their deposits $433,250,000, which at 91 per cent, per annum—that being the percentage the Comptroller of the Currency reports the banks to have realized on their loans—makes the annual sum of their interest on their deposits $38,992,500. So that the national-bank interest account on an investment of $197,508,239 is demonstrated to be as follows: Ou United States bonds $39,135,060.81 Ou uational bank bills 33,250,000.00 On national bank deposits 38,992,500 00 Total $111,377,560.81 or more than 50 per cent, annual profit. Nor does this give the full measure of the most infamous privileges these chartered cormorants are enjoying. They were made agents of the Government to sell bonds, given the right to sell, exchange and do all the discounts the most favored bank charters ever allowed ; and, beyond this, there is still another feature of their profits which should not be overlooked, namely, the premium on their bonds, which to-day, at the lowest figures reported in the money markets, amounts to an additional sum of $21,184,254, which, deducted from the actual investment, shows that the investment of capital is only $176,323,985, on which their interest annually received is $111,377,560.81, or about 65 per cent. These annual bounties paid to the “Barons of the Purse,” saying nothing of compound interest, in the fourteen years of bank depredations, figures up to the sum of $1,559,285,941.34.

Having thus shown how the national banks originated, the money that they have actually realized as profits on the money they actually invested, and that they now hold the United States bonds valued at $456,018,263 for the original investment of $197,508,239,1 proceed to show the objects and purposes of the huge combination which is now organized as the National Bank Association. The incorporated national banks, in October, 1876, numbered 2,089. The amount of their capital stock, surplus funds, undivided profits, circulation, deposits and other items swelled their resources to the enormous sum of sl,823,469,723.44, the largest combination of capital ever embraced in any oligarchy known to the world. These 2,090 corporations, in the full panoply of soulless power, combined into a single leviathan monopoly to override all restraint; to compass all control; to rule Congress; to dictate to the nation its laws, to the people their rights, and to the United States their money and finances. Born out of the storms of rebellion, cradled into immense wealth by monopolized subsidies, its object is to make the Government its servant, and the people its slaves. Having thus characterized its objects, let us now see how it is composed. The stock of the national banks is represented by 5,054,828 shares of SIOO each, and about 1,500,000 shares less than SIOO each. These shares are owned by 208,000 shareholders. Massachusetts holds 988,700 shares, the remaining New England States 1,030,126 shares. New York holds 1,482,746 shares; the other Middle States 1,568,632 shares. The Southern States, entire, 429,393 shares, or less than one-half held by Massachusetts, and the whole number of the Western States 937,333 shares, or less than one New England State. The Pacific States and Territories, 69,000 shares.

The number of shareholders in the Eastern States are 86,975, of whom •16,564 reside in Massachusetts. In the Middle States there are 68,1*26, of whom 26,339 reside in New York, 28,612 in Pennsylvania. In the Southern States there are 11,004. In the Western States, 17,170. In the Pacific States and Territories there are 721. Canadians hold 6,519; Great Britain, 6,728, and other portions of Europe, Asia, and the islands, 23,000. Thus it is seen that more than fourfifths of this moneyed power is held by the Atlantic States. They have combined and controlled it. It is a power, which, to use the words of Thomas H. Benton, when speaking of the old United States Bank, which had a capital of but 035,000,000, or less than the people are now annually forced to pay as a bounty to the national banks, “is too great to be tolerated in a government of free and equal laws.” It is a power massed and concentrated by a central conclave in New York, “ to make the rich richer and the poor poorer,” to multiply nabobs and paupers, and to deepen and widen the gulf which separates Dives from Lazarus. It has been combined by capital to make capital master. Its leaders have already made two public declarations :

1. That the association is dedicated to reducing all employes to the lowest measure of compensation, and 2. That its machinery is now in operation so that in any emergency the financial corporations of the East can act together at a single day’s notice, and with such powerthat no act of Congress can overcome or resist their decision. Its standard of wages is that which constitutes European pauperism. Its edict of power is that the American laborer must be contented with low wages ; and its purpose is to open an unsparing war against all interests which resist it.

From its policy in the past, its policy in the future is easily deduced. At the birth of the greenback the originators of the Bank Association started their nefarious work. It was necessary to their purpose that they discredit it, and they were powerful enough to subjugate it to gold speculators, by making the Government hang the chain of repudiation round its neck by printing on every bill its refusal to receive it for duties on imports and interest on the public debt Unless this was done it would be equal to gold, and if equal to gold the bonds could not be reduced to 42 cents on the dollar as they were. Again, if equal to gold, as they were in value but for this repudiation, gold speculators could not speculate on the misfortunes of the people by continually magnifying the price of gold, and as continually decrying the price of greenbacks. The second step was to change the contract by which our bonds, made payable in lawful money, were made payable in gold. This they forced Congress to do. It was a felony, but they were guilty of it. The third step was to demonetize silver by an infamous fraud. They did this because we had silver in abund-

aiice, knowing that gold was scarce, and that we had but little of it; for, with our bonds payable ir gold, they knew they were masters of the people. The fourth step was to fix a time when specie payment should be resumed as a forced law, and when, at the will of the money power, no debt could be liquidated except in gold. These were the initiatory and preparatory measures to organize and consummate the aristocratic and oligarchic power of the national-bank monopoly. It was essential to make them masters of the finances of the nation aqd of the people : 1. To discredit the greenback, in order to dissatisfy the people with it by making it inferior to gold. The foundation was laid in two ways, by direct action first,” by stamping its inferiority cn the back of every bill, as a positive repudiation of its power to pay duties or interest on the public debt, and thus to create a constant demand for gold, so as to keep the commercial world advertised of its inferiority and its inability to perform the highest functions of money. 2. By making a superior through which it should be compelled to redeem itself; thus constituting gold as the sovereign and superior, and the greenback as the inferior subject; keeping this inferiority as the weapon with which the gold speculator could daily assail the uncertainty in value of the greenback, and hourly agitate public credit for its redemption. These were the direct means by which the money power forced the Government to recognize and proclaim the fluctuating and uncertain value of its own money. The indirect attack which his direct means supported was the Wall street cry of “Rag Baby,” “Paper Balloons,” “Inflation,” which hard-money knaves hourly resorted to, invoking tbe terrible losses which peoples and nations had been forced to submit to in depreciated paper money, citing to sustain their dia-. bolical purpose the worthless millions of “French Assignats,” Continental Currency,” and “Southern Confederacy money,” as if they were omnipotent to defeat our national resources, our honor as a people, and our credit as a Government.

To make this constant outcry a matter of constant alarm, they undertook to intensify the danger. Under the specious, but false and infamous, declaration that American credit was in danger, and that this danger could only be met and resisted by declaring that our bonds, which had been bought and paid for in greenbacks, and which were issued as payable in greenbacks or lawful money, should be paid in gold; andiu this Congressional declaration, thus secure another legislative repudiation of the greenback and a further national recognition of its inferiority. Having secured these fortifications to establish that gold was the sovereign, and the Government its subject, they yet saw that they would not possess the full power they coveted so long as silver, which we produced in greater abundance than any other nation, could be used as a means of liquidating debts, and as a measure of value. Therefore, to take from the people their last and most, potent means of sustaining credit and regulating exchanges, they perpetrated the contemptible and overwhelming outrage of demonetizing silver. This done, the whole credit, property, prosperity, and power of the nation were in the hands of the men who could control tne gold, provided they could take one more step, and induce Congress to pass a law for the forced resumption of specie payment. This they succeeded in doing, so that on the Ist day of January, 1879, there should be no recognized money but gold. The greenback repudiated, silver demonetized, gold made king, and the bankers controlling the gold, the Government would be at their mercy, property subject to their value, credit to their dictation, and the people their slaves.

These foundations for autocratic control having been thus secured to concentrate and wield the power so obtained, the next step was to organize the Bp ukers’ Association, and they have organized it—organized it for the purpose of perpetuating an infamous monopoly; a monopoly to tax the mass of the people for the support of a bondholding aristocracy of bankers exempt from taxation; a monopoly to force from circulation the sovereign money of the sovereign people; a monopoly to dictate the currency, control the finances, and issue the money of the nation. It has organized, knowing that it can control the gold, and knowing that it has to root out, discredit and kill the greenback, or that the greenback will root out, discredit and overthrow the national banks and their monster offspring, this national devil-fish, this lophius piscatorius, fashioned into a leviathan money vampire. The creatures who gave it birth were conceived in war. The eggs out of which it was hatched were warmed into ■ antimated life by the contraction of money to make ready to sacrifice the nation to the monster, forced specie payment. It has already laid waste every enterprise. Three millions of laborers, without labor and without bread, are now waiting to know whether by its continuance they are to be without hope. Like the devil-fish, it has crushed and killed and blighted all it has touched. It is now organized as a vampire to suck out the blood and life and liberty of the people. The issue is unmistakable. Either the Bank Association has got to give up its sovereignty of money and yield to the sovereignty of the greenback, or the Government of the United States has got to give up its sovereignty and become the subject-borrower-slave to the Bank Association. There is no room for equivocation; there is no dodging the issue, or the battle which is to decide the issue. Which side, then, shall we take ? It is the Bank Association and slavery, or the greenback and liberty. The Bank Association means monopoly, privilege, taxation and aristocracy. It means low wages, which is subjugation and European pauperism for the laborer. It means class legislation for the rich at the expense of. the poor. It means subsidies to monopolists, land grants to speculating knaves. It is a warrant of authority for capital to enslave labor. It is a patent to the few to rob the many. It is a charter of right to rich men to steal from the nation its power, from the producer his production, from labor its reward, from the people their liberty. This vampire, as I have already demonstrated, has sucked from the life-blood of the nation $1,559,285,941.34 as profits on an investment of $197,508,239, besides holding $456,018,263 as capital, on Which it draws by yearly interest, as a tax upon the people for the banking army of aristocratic monopolists the monstrous sum of slll,377,560.81, or nearly as much, for yearly profit, as the entire capital of the Bank of England.

$1.50 uer Annum

NUMBER 22.

This robbery must cease or liberty will cease. The Bank Association, with all its monopolies and privileges, must end, or the voting people are cowards and slaves. Stkphkn D. Dildaye.

THE FEMALE WITNESS.

[From the New York Sun.] John Sherman was almost hopelessly damaged when he appeared to testify in his own behalf as to the guarantee which he had given to Weber and Anderson on the 20th of November, 1870. Beforethe investigation was ordered, he repeatedly and to different responsible persons authorized an emphatic and unqualified denial of ever having written any such letter, and denounced any letter of that purport, bearing his name, as an absolute forgery. When confronted with a copy of the letter, and dreading the production of the original or of afae simile, he Hesitated, dared not deny, and admitted there were parts of the letter hewould have written.

The verdict of the country was that he was an unanswerable witness against himself, and that he had written the letter. Not content with that exposure, he •and his counsel, in their desperate dilemma, have again invited the same crushing judgment. They have produced a female witness, who claims to be a Republican politician, accustomed to all the corrupt practices known in Louisiana. Sharp, unscrupulous, and udacious, this woman is Agnes D. Jenks, wife of Thomas H. Jenks. Both she and her husband were the intimate friends of James E. Anderson, until their prejudices were conquered and they were converted into his enemies and friends of John Sherman.

For months past it has been known that the Jenks woman was not only to be silenced, but to become an active partisan of John Sherman. After the failure of Anderson to provide for her husband she visited Washington, last January, on her own account, though at the suggestion of Kellogg, and it is supposed then made terms with the fraudulent Secretary of the Treasury. Now she appears as a witness, swearing that she dictated the Sherman letter in parlor Pof the St. Charles Hotel, filled with “visiting statesmen” and other prominent persons, not one of whom can be named; that she had no motive for that act but the honor of the party, and that she delivered this letter with the signature of John Sherman forged toit, to D. A. Weber. This is her story, after more than a week of constant coaching by Sherman’s lawyers, with a retentive memory to hold their instructions, and with quick resources of her own for sudden emergencies of swearing. The man Jenks and the woman Jenks both swore vigorously that, in their correspondence with Anderson and with other persons, they had no knowledge whatever that the Sherman letter was referred to previous to the 6th of last January. They were told, of course, to fix hat date, and, as the sequel will show, it convicts them both. It was always some “document” or “other letter,” according to the female Jenks. Now for proof. First of all, it is well to reproduce the letter in question, which is the pivot in all this controversy: New Orleans, Nov. 20, 1876. Messi's. D. A. Weber and Jas. E. Anderson :

Gentlemen—Your note of even date has just been received. Neither Mr. Hayes, myself, the gentlemen who accompany me, or the country at large, can ever forget the obligation under which you will have placed us should you stand firm in the position you have taken. From a long and intimate acquaintance with Mr. Hayes I am justified in assuming responsibility for promises made, and will guarantee that yon shall be provided for as soon after the 4th of March as may be practicable, and in such manner as to enable you both to leave Louisiana, should you deem it necessary. Very trulv yours, John Sherman. Every word of this letter bears internal evidence of being written by a man of affairs, and those who are familiar with the style of John Sherman can hardly mistake its paternity. The style is the man in miniature. With this guarantee in their hands, Weber and Anderson were secure of reward, whenever the demand should be made, after Hayes was installed in office. Anderson knew its full value well, and in his joyful moments he exhibited it to several friends. Weber, more prudent, got possession of the letter, and had it in his inner pocket when killed, several months later. Meantime the existence of the guarantee became known to many leading Republicans. Anderson went to Washington at the inauguration to look after his own interests and those of his friends, of whom the male Jenks was one of the most intimate. The failure to get either of two first-class Consulates, and the offer of Funchal, and a Custom House Inspectorship, are well known;through the Stanley Matthews correspondence. In the beginning of June, 1877, wearied with unsuccessful importunity for high office, and indignant at the treatment he had received, Anderson telegraphed Matthews as follows: Washington, June 7, 1877. Hon. Stanley Matthews, Cincinnati: The President claims to have received no letters. Want no more correspondence and no more nonsense. Come here and arrange this affair, or yon can all face the music. Telegraph me at once. Care nothing about documents in your possession. Anderson. This was the language of a man confident of his position, and who was not to be trifled with. He meant war, and he began his preparations by a letter to the male Jenks in these words : Treasury Department,) Fourth Auditor’s Office, June 10, 1877. ( My Dear Tom : Have returned to the city this morning, and am in receipt of your letter. I hav» not written for the simple reason I had nothing favorable to write. They offered me the Consulship to Funchal, worth altogether about $2,000. I refused it. I asked what was to be done for you. Their answer I will give you verbally when we meet. . . . When those Republican dead beats came to Louisiana last fall, to have a “fair count,” Dan Weber and I refused to fall into line until we secured a written guarantte that we would be provided for. I. am convinced that it was on Weber’s person the day he was killed. (He had charge of it.) Now, what has become of that paper? If we can get possession of it we will make this administration hump. . . .

James E. Anderson. Again he writes to Jenks thus: Philadelphia, June 27, 1877. My Dear Tom : Have had no reply to my last. Have you made any efforts to secure that letter? It was inclosed in a white envelope, and backed “D. A. Weber, Bayou Sara, or James E. Anderson, New Orleans.” Weber carried it in an inside pocket case. You can find out what part of his body the majority of bullets and buckshot entered, whether they might have destroyed it, and who took charge of his body. . . . If you can secure it our case is made. . . . James E. Anderson. So much were the male and female Jenkses impressed with the importance of getting hold of this letter that they went to Donaldsonville, where Mrs. Weber resided, to make a search for it, as will be seen by the following letter: Philadelphia, July 4, 1877. My Dear Tom : Is® terribly disappointed

ffemocrufif JOB PRINTING OFFICE Has better (aciUtiM than any office in Northwestern Indiana for the execution of all branches of •TOIE3 IMG. PROMPTNESS A SPECIALTY. Anything, from a Dodger to a Price-Idst, or from a Pamphlet to a Poster, black or colored, plain or fancy, SATISFACTION GUARANTEED.

over the result of your trip to Donaldsonville. Have you found out if any one searched Weber’s body after he was shot ? If so. who did it? Also, find out what day he left Now Orleans for home after the 141 h of November. If you would only find that document, your fortune would be made. . . . James E. Anderson.

These letters were all written in confidence to an intimate friend, with no expectation that they would over see the light of day. They contain moral proof of the existence of the Sherman guarantee, in the extraordinary efforts made by both these parties, who expected to profit by the discovery. Though foiled, Anderson did not give up the search. He wrote again to Jenks the following letter, which the female Jenks sent to Kellogg with others: Philadelphia, Sept. 23, 1877, My Dear Tom : Don’t you think it about time you answered my last letter ? Have waited patiently nearly two months. ... I wish you could succeed in tracing and getting possession of that letter sent to Weber and myself. I will guarantee you a roof $1,(100 if you do get it. Have you made any effort lately ? . . , * James E. Andebson. On the back of this letter is an indorsement, the signiticance of which seems to have escaped the attention of the committee’s shrewd lawyers: N. B. —I looked up th? letter here referred to long ere the within was written. Pi ay do not fail to return this to me. I sincerely trust this matter will be inviolable. A. D. J. Here is the proof under her own hand that this woman had “looked up the letter here referred to” long before the date of Anderson’s last inquiry. And it was true, for she bad gone with her husband to see Mrs. Weber at Donaldsonville for that object exclusively last July. Therefore she, knew all about it. But this is not all the evidence of her knowl edge. She artfully appealed to the sympathy and gratitude of Mrs. Weber, in a letter, as follows :

Corner Belle Castle and Constance Sts.,) < New Orleans, Oct. 10. 1H77. (' My’Dear Madam: I send you by this mail the Howers I made of your good husband’s hair and your own. It would have been nicer, but I had not quite hair enough. In regard to <Ae letter I ment up to Donaldsonville to speak to you about, 1 feel sure it must be among Mr. Weber’s papers, as he had it in Als-poctei [Anderson’s words to her husband in a letter of June 27, 1877] when he loft the city for Bayou Sara the last time. As Mr. Anderson and Capt. Jenks went to the boat with him, and they mere speaking of it and other business, and at that time Mr. Weber expected to return to New Orleans in a few days, otherwise Mr. Anderson and Capt. Jenks would have kept the letter here, as it Aclonged to them all. It may have got out of the envelope and slipped in among other papers. It was addressed to Anderson and D. A. Weber. After reading it you will see that it is of no use or benefit to you, but really ?7 is of use to us. If you will once more look well for it, and you should find it, 1 will see that you are remembered well for your time and trouble in searching for it. . . . Agnes D. Jenks. In October last she was thus offering to buy the Sherman letter “addressed to Anderson and D. A. Weber,” after having previously visited Mrs. Weber to make a personal search for it. although she now swears she had dictated this letter herself, rnd never heard allusion made to it by anybody until Jan. 6, 1878. The female Jenks evidently wants one essential quality for a first-class alibi witness. There is still further evidence from her own hand. Anderson and Kellogg were not friendly. Kellogg was trying to get seated in the Senate, and ho knew the female Jenks held the secrets of the. circle in which Anderson moved. So lie opened a correspondence with that enterprising woman, and she answered promptly in these words : New Orleans, Nov. 14, 1877.

Most Esteemed Friend : Your nolo of the 9th was received yesterday. It gives me pleasure to hear of your we'l-bcing. In regard to the Anderson affair I know not that the matter is worthy of your notice. . . Yes, I refer to the letter you wrote of. You will perceive by one of Anderson’s letters, which I inclose (above cited |, that be values it highly, and also that he is not in possession of the document; and you may be sure /«• shall never get it or the othef papers he deems of value. . . A. D. Jenks. On Wednesday last she was recalled and asked: Q —When did yon see Mrs. D. A. Weber last ? A. -A few days before I left for Washington. I was reque-ited to take her a note by Gen. Sheldon. It read. “Please come to New Orleans, and Mrs. Jenks will explain." Q. —Did you know for what purpose Mrs. Weber was wanted in New Orleans? A.--I had not the remotest idea (though she was to explain the reason). When I got to Donaldsonville, Mrs. Weber said that Anderson Lad said I had got SIOO,OOO for some document. I said it was false. I asked her to go and see Gon. Sheldon.

Q. —Did Mrs. Weber return with you to New Orleans? A. —No, she did not; she said she didn’t want to go, and she did not want to hear anything more about that document.” Thus within eleven months the female Jenks had changed her base of operations. First, she wanted in July, 1877, the letter “ addressed to Anderson and D. A. Weber ” by Sherman. She wanted it to extort terms at Washington hh the friend of Anderson. In June, 1878, she wanted the same letter for the same object in another form, as the ostensible friend of Sherman. In either case, it was to be turned to her own account.

The White House Barber.

There is a colored man named Howe connected with the Executive Mansion in whom I have taken a great deal of interest during the past ten years or more. He was found there by Johnson when ho came in. Johnson found him to be a good barber and kept him. He then shaved Grant and Babcock, and accompanied them in their summerings at Long Branch. Mr. Hayes liked him and kept him, and he still calls at the White House every morning with his razors, combs and brushes, and attends to anything tint is needed in his line. All of these years he has drawn pay as a firstclass clerk ($1,200 per annum) in the Treasury Department, but he has rendered no service in return, except shaving or shampooing those connected witn the Executive Mansion, which does not take one hour in the day. Recently there was an examination for a vacancy in a second-class clerkship ($1,400 per annum) in the Third Auditor’s office. The Auditor recommended a disabled soldier for the position, but Mr. Hayes went one better and put his barber in the place. Of course the disabled soldier felt bad about it, but that does not interfere with tne barber drawing the salary just the same. A secondclass clerk of the Third Auditor’s office barberizes Hayes and Dr. Rogers, his Private Secretary. Instead of using ink ho uses lather. He renders no service to the Treasury Department whatever, as, when he is not at the White House, he is occupied in running a public bar ber-shop in this city that he also keeps. The soldier is laid aside to make room for him, and all this under a reform administration and a “soldier’s friend” President. It is enough to make one cuss—but that would do no good—although something of a relief at times, if it is done well.- Washington letter to Hartford Times.

There is a sad lack of work among the laboring classes in Italy.