Capitalists and financiers -- Fiction; Psychological fiction
In due time there were brought forth several noble municipal letters,
purporting to be a stern call on the part of the mayor, Mr. Jacob
Borchardt, on Mr. George W. Stener for an immediate explanation of his
conduct, and the latter’s reply, which were at once given to the
newspapers and the Citizens’ Municipal Reform Association. These
letters were enough to show, so the politicians figured, that the
Republican party was anxious to purge itself of any miscreant within
its ranks, and they also helped to pass the time until after election.
OFFICE OF THE MAYOR OF THE CITY OF PHILADELPHIA
GEORGE W. STENER, ESQ., _October_ 18, 1871.
City Treasurer.
DEAR SIR,—Information has been given me that certificates of city
loan to a large amount, issued by you for sale on account of the
city, and, I presume, after the usual requisition from the mayor of
the city, have passed out of your custody, and that the proceeds of
the sale of said certificates have not been paid into the city
treasury.
I have also been informed that a large amount of the city’s money
has been permitted to pass into the hands of some one or more
brokers or bankers doing business on Third Street, and that said
brokers or bankers have since met with financial difficulties,
whereby, and by reason of the above generally, the interests of the
city are likely to be very seriously affected.
I have therefore to request that you will promptly advise me of the
truth or falsity of these statements, so that such duties as
devolve upon me as the chief magistrate of the city, in view of
such facts, if they exist, may be intelligently discharged. Yours
respectfully,
JACOB BORCHARDT,
_Mayor of Philadelphia._
OFFICE OF THE TREASURER OF THE CITY OF PHILADELPHIA
HON. JACOB BORCHARDT. _October_ 19, 1871.
DEAR SIR,—I have to acknowledge the receipt of your communication
of the 21st instant, and to express my regret that I cannot at this
time give you the information you ask. There is undoubtedly an
embarrassment in the city treasury, owing to the delinquency of the
broker who for several years past has negotiated the city loans,
and I have been, since the discovery of this fact, and still am
occupied in endeavoring to avert or lessen the loss with which the
city is threatened.
I am, very respectfully,
GEORGE W. STENER.
OFFICE OF THE MAYOR OF THE CITY OF PHILADELPHIA
GEORGE W. STENER, ESQ., _October_ 21, 1871.
City Treasurer.
DEAR SIR—Under the existing circumstances you will consider this as
a notice of withdrawal and revocation of any requisition or
authority by me for the sale of loan, so far as the same has not
been fulfilled. Applications for loans may for the present be made
at this office.
Very respectfully,
JACOB BORCHARDT,
_Mayor of Philadelphia._
Public-domain text, read in full here on John Shaqi.
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