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the millions that have been lost to tile
Government by the frauds ofthe banks,
since 1916, up to 1888, inclusive all
during the Bank reign.


3 Bank defaults in 1887. Yes, sir, go
or 20 in number; all defaulters at one
time. Yes, sir, in defalCation at one
time to more than $20,O00,00O. This
was all right in. the banks, though the
Government was made bankrupt there
by, the nations character blighted at
home and dishonored abroad. Indul-
gence was given to them by the Presi-
dent and Secretary, and that indul-
gence confirmed and continued by Con-
gress. This indulgence was right be-
cause given to the Banks. Yes, sir,
the banks can defraud and bankrupt
the Government, Whig collectors, Whig
receivers, and Whig disbursers, can rob
the Government ofany amount, and
Whig muteness and silence reigns,
more especially if that robbery be per-
petrated under Federal Administra-
ton. Besides the indulgence and
time given before to the banks as de-
posite agents, from May to October,
1887, for 20,000,0 900 dollarsat first, and
then for 5 or 100000, the Treasury
Department gave time and indulgence
to numerous merchants, on duty bonds
during the same period, for near FIVE
millions more, though all were in de-
fault to the Government. This was in
the exercise of a sound and legal dis
cretion, and proved in the end benef-
cial to the United States. | say Con-
gress sanctioned this in September,
1887, and extended the indulgence
still longer. Both of these happened
after real ascertaincd dcfaults,qnd were
not previously, like the short time fax
en- by the Department and the Presi
dent, exercising the same legal and
sound discretion in the case ofsome re-
ceivers, to inquire ifa real default has
occurred, and if the money would not
without suit, be deposited as ordered.
Yet the hue and cry is, that the last
is impeachablc, but the first is right!!!