In addition to this extravagant bonus, its managers agreed to loan the State one million dollars at five per cent. for the construction of canals, and one million to farmers at six per cent. for the improvement of their real estate.
This passage describes the financial commitments made by bank managers to support state infrastructure and agriculture.
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Indeed, his administration admittedly ranked with the best that had adorned the State for a century, and his friends, including Independents and many Stalwarts, rallied with energy to his support.
In accepting the Democratic nomination Cleveland had the great advantage of not being obliged to refer to anything of which he was ashamed.
Referring to the fraudulent practices, he said: "No one claims, no one believes, that I had lot or part therein, or previous hint or suspicion thereof.
Human, dramatic, interesting, absorbing, there is philosophy of national and political life back of it--a philosophy which not only furnished interpretation of past events, but offers guidance for the future....
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