The Great Revolution; A History of the Rise and Progress of the People's Party in the City of Chicago and County of Cook (Paperback)

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: COUNTING THE MONEY. For several weeks previous to the election, whispers were gradually spreading throughout the city, the burden of which was that, if it only could be inspected, the City Treasury was in a very wretched condition; and that the fact was due to the reckless speculations of the City Treasurer, David A. Gage. This gentleman, being a candidate for re-election, and being considered the heaviest card on the " Law and Order" ticket, it is not at all marvelous that the speakers of the People's Party gave the rumor as thorough ventilation as possible throughout the several wards. To assist the circulation of said rumors, the Staats Zeitung caused to be published in English a great number of circulars, whence the following extracts are taken: " It has been publicly charged and not denied that Gage has deposited the public moneys with banks upon express agreements, that such banks extend him credit to the amount of a certain proportion of such deposits. The name of a bank could be given, which held a note of Gage's for $40, - ooo, and to which he offered $60,000 city deposits on condition of an extension being granted to him. There is scarcelya doubt that the dealings of private citizen D. A. Gage with the banks have been based upon the city funds deposited with them by City Treasurer D. A. Gage. And it is next to a certainty that if D. A. Gage should cease to have control over the city deposits, the bank credit extended to him on that account would vanish. " Thus it will be readily understood why D. A. Gage can afford to shoulder all the expenses of the campaign of his party, and offer to pay the expenses of the People's Party, if they should nominate him for City Treasurer and Dan O'Hara for County Treasurer. It is, with him, a matter of life or death. But the ...