The Daily Phoenix

It is said that the President had about $20,000 on deposit in Jay Cooke's bank, but that on the morning of the failure a tin box was sent from the bank to the White House. Poor Andy Johnson had about $60,000 on deposit in the First National Bank, but no tin box was sent to him. Another distinguished depositor, whose interests were shamefully disregarded, was Senator J. J. Patterson, of South Carolina, who suffered to the tune of $11,000.

The majority, if not all, of the bankers and brokers who have been ruined by the crash were well known as earnest friends and contributors to the success of the Republican party. Their ruin, then, is their country's good. They have ruthlessly despoiled the Government at every opportunity, and they deserve their fate.