The New York Herald Newspaper, December 1, 1871, Page 8

8 THE NAT:ONS FINANCES. Beport of the Treasurer of the United States. MR. SPINNER TO MR. BOUTWELL. The Receipts and Expenditures of the Last Fiscal Year. REFUNDI.G «CF THE fUBLIC National Banking and Na- licnal Insurance. DEBT. TREASURY OF THE UNITED STATES, WASHINGTUN, Gh 31, 187 + Sre—snviher year has mare tts roun!, and bas Drought with it the obligation, on my part. to make stavement to you of the condition of the Treasury @f the United States, as it was at tne close of the tis- | eal year which ented with the 80th day of June, 3871, Foil tales are appended hereto, that will ex- Bibit to you more readily and cleariy than could be @one through mere verbal statements, the moacy transactions and the general movements of the ofice @uring said fiscal year. In adiition I desire to make a statement in regard to my own action during the past season, and some Suggestions bearing upon the interestof the punlic service in the future. NEGOLIATION OF NEW LOAN ABROAD. Under authority of your commission I have visited during the past season the princ'pal cities of Great Brean, and of Belgium, Noland, Prussia, Saxony, Badeo, Bavaria, W Switzerland and France, “for the parpose of aiding | In the negotiation of the new loan.” In compliauce with your written instructions I calied “upon the agents appointed by the goverament, with a View to ascertain the steps alteady taken by them m regard io the negotiation of the loan, and mate to them ‘such sigyestioas as seemed expeawient toplace the subject Ina favorable Nght before the European padiic.”? With the same ob,ec: in view I called upon our ambassadors Bpon vur consuls and comune many baakers and financia and minster and ‘chal agents, and upon men, In (he countries name. rough thts intercourse with al! kinds of persons, Wo were well informed upon such sab jects, I learned that the tme for placiag our new loan was an uafavorab!e one for tts success in tue European money markeis, It was tuo late and too BOON. Had Congre: ate this loan Lelore Une breaking out of the iate war Wat France mate upon Germany it would have veen ali taken at once at that time. the bonds of several other governs ents were in the Markets, ani Were Odered at rates maca more favorable Lo the purchaser than those Couxre-s for the n-yruuanion of our toa. Promineat | among tuese Was the new Freneh live per cent loan, Shin ioan of the Frencu repuviie was finally d.s- posed of at a that neted the borrower less than eighty cents on Ue dot The singu ar tea Qure in Us Hesoution Was Wal i was largely Laken by the late 'e of the Freneu Ger- many = Germ had ore, 5 to our own puntty, ow principal Teliance for the dispo: our 8, aad there was every hope thay Hut for tus Freacn tuber: jerence taat conntry Would ave aioue absorved all our stocks tha! w edfor sale. Under tuese existing circunistances tl Was hardly to be supposed that fermen people could then be imduced take our joan wien they could at tue same Ume pur- chare five thousand doilars, ice Value, ol French bonds, hearing the saine rate of imterest as ours, tor iess Money Inan Would purchase tour how Band dollars, ace Value, of the bonds Of Lhe United States. Bur notwithstahaing this disparity bewween ‘the jrices of the two stocks, IN Consequence of the credit of cur government standing tuigh im te Mouvey warkets of Burepe, aud especiat'y in taose of Germany, our joau, alluough neciing ine ho.der more than one-fifth less in interest, woud Nave taken in preierence to tue Frencn out tor the that i was cenerally undersioud by tuo German people that, inasmact as the proceeds o/ the Freuca Joan were ty be paid to their govelumeuts, their rus Jers would vonsider the sunseripttou Lo such loan bY ther xutyects an act of patciousin, It was, mores over, generally understood that tle German empire would, ii need be, enforce, in lavor of 14 sudjects, the punctual payment of the Interest, and ine re; Ment o! tue priiictpal of the loan at ihe maturity of the bonds. Another circumstance uulayorabie to ous was tit the Freach goverument allowed to {ts ages for negouating 18 foun at leust two per cent on ihe om proceeds realized from tt, whfle you were authoriz: allow to your aents au amount that would yield | to them only one quarter of une per cent. in aad tou to these advantages in favor of the Freach they had in circulation five per cent weasury notes ‘that had not matared; these the goverument agreed to take In payment? (or subscriptious 10 iis loan, ale jowing the purchasers anaccrued interest on these Botes fo their macurity. An a)most insuperable diMiculty tn the way of the Begouation of our joan was this low rate of coni- Bussions that it was provided w agents for the disposing of the stock. Single exception, amd In that cause le disagreed ‘with the otner members of his firm, every Banker and business man with whom L conversed ou the Buvyect gave it as his Opinion that oue Guar ter of One per cent was aliogetiier too small a com- pensation for the services to be rendered aud the Fixks to be incurred. it was generaily insisted that inasmuch as other governments allowed at least two per cent tor ike services, ours would, under any circuinstances, be competica to allow the same Tate of compensation before any cuusiderabie amount of the stock conld be negotiated. It 1s Known to you that the iause of Hope & Co., of Ame | Herdam—a house that has loaued much money to. our government, commencing wiih vur revolution. | ary War—re.used to act as your agent on tat accouat, A member of the firm said to me that thelr house had never worked for sucta pitiius com- Pevsation, It was frequcutly mUmaced that m Whe nad accep! ayene had done ev for Lonor it conserred On them, and Hot vecause they had oy o succeed In disposing of any Cconsiier- uble part of the loan, ‘Tuese tacts, and others as discouraging, | reported to you by levers at Vailous | Umes aud places. Luckily, you were not dis heartened by my reports, vat you seat your avie assistant, Judge Richardson, to Lurope, with seve niulion dollars’ worth of the bouds. On bite arti au Loudon 4, then being at Prankfort-on-the-s Mamediaiely pat mysell tn communication wits dim, aod suggested to him a plan by whien wie whole amount of 0 five per cent loan cunid pro- vavly be placed, He advised me of avother piaa that he lad devised, Which, with alterations, sug- gesied by you, has succeeded, and which, | am now sauisiied, Was the very best thing to be dona, Certainly a source of graiuiation that, t Sud Judge Kichardsou's adroit ma} Obsiacies we aad tae loan was disp of at a day n er than 1, Who had been aud Jooked over the wuole ground, had supposed tt pos- sible. Lis, therefore, not to be wou even our friewds at home ered at that » dish should leved iu What ts now kuowa to be fact. Th ines of (he goveramenu ¢ now BA Lstie’ would, peruaps, ¢ ¥ dissatis Hed, wiether (ue loaM WAS OF Was fot taken. Wile yetin Lurope, aud alter tue joau ty i ween eu, £ noticed thal American Lewspapers very uni cililemed Your action i regard to this loan, sou tusisung that you Lad “not placed the joan or any part of the iouu;” that you lad “spenta round mu- ion io trettiess adveriisen 11, In fees tou 5 ts and in uding — super: whp uated Getks on junseling tours to Eure at : had ended tu 8 failure.” Others conceded that the loan might perfaps be takeu: butt it was at had 1 tawked about Europe tua manner dis Graceful to the American peopie “lor six Months," Whive “the Finance Minister of the Preach repuvite emerging Lrulsed, bieeding aud dismembered a One of tie most mitods wars im luistory, snc- led in placts 1 of equal amount im bardiy uber of hours uOW silenced py the formed persous, (hat ail stocks offered by you have the governivent Nas Now nove grumblers will probably ne fact for male. ‘Tue other uve tue fairness to iiform the readers Of t papers (hal whe you realized tue face value of i100 cents @ dellut on your new five per cent MWe French government received leas cenia value, aod that for the ej u that government will be ovliged to p: t the | maturity of is bonds, more than ® quarter wore money thaw it received, and 1p the meau tr 2 p for ne eighty Ceute (ne same Tate Of tDlerest eur government will pay om te par value Mo oreceived for bouds of lu cents to doitar, 1) was to me a most grautying tbat he cre iL spoxer tenged, 1 anuny fapiwky wilh Which you have been euabled to pay tof our government wherever I heard in all parts of Europe, stood uncial. eryluoty conceded that we had both the and reduce our national Indebieduess is the co’ druiling cause Of Lats unbounded confidence that ou government will always remain iaiuuinl to its pTumises. Ulver governments that dave @ financial standing supplied their needs, and, like our own, ave the way, aud surplus Cupital has again ted iu (he inoney Markets Of Kurope, Under Ulese changed circumstances it is believed that If Cougress wiii vest you with larger discretionary pow- ers i regard to ine compensation to be allowed ageuls aud other expenses alvending Lie Lege rlemberg, Austria, Bohenna, | given you the anthority to negott- | Bat tater | tnurizel vy | alow your | With a | Kis | » | Ment of the routine of the { the disposition 10 pay ail our devia, The | tation, and if it w'l anthortze the mterest to be patd in the country, wl da the coli of the country, ‘where the bonds May be parehased aot hein, tae reima ninz loans of four ond a half per cent aud foar per cent, already authorized by Coutress, Can Soon, ‘Uoress UNtOward Cire Hosiances Agala interveue, be dispo eu of in Earope at par, Troma taut tae most serious objection that Europeans ma te to our stocks was tuat the holder of th_m could not calculate ex- actly What aividend he woull receive when the Interest felldne. Lhe rate of exchange 0! Lurope W.th this country fuctuaces Ko much from tine to time that the amount the heller of car beads wid receive jor the pertotical tor. est due thercon wil be so eciives wore 1 ave sometumes ies than he expected, anc rarcly the amount specified im the bond. puis creates Ml. feeling, avd a jealousy oa she part of the holder ot our Stock Uiat wis b maser cocs not deal Lurty py lim: and the baoker who, pe haps, bows it and sold | thas v Stocr, devontes @ szdoted wira the exe de ation he is ednstantiy ca led npon to make i re- purd to the discrepancies In We amount of interest That he pays or carries co The credit. of Nhs Costin er, Lacier than e tins anpoved he makes up his mind in iucure to have notheag more to do witu our BLOCKS, Who of our peopte can borrow money at home of tu interest and Woall our ss on ins paper, hava prinespal payable at his own disiané bome ¢ a@ Now York Cipitalist loaa movey to the M | repudic, were Ils credit ever so good, at | Tate o1 daterest, if the mMiere-t aud pri made payable in the city of MeXtce, he would were voth these payments be made in ibe city of New The difference in the amount of inter- est to be paid on our bonds held kurope would Le comparative, y sa:all, whetper paid al home or avroad. ‘the saving in ihe rate o- tu terest to be paid on moneys borrowed abroad Would Le great. The annoyance to the torenzn bouahotiter | Would cease, Gur stoch woud become tae lavorite one in ine Enropean mone, margets, and thea tuere woula be litte or no danger thavit would Le | Unrown back UpuR OUT OWn Wa) Kebs IM seasons of | Commercia: revu.sious, This last consideration our bierchants and business men who have tnnecenuy suiered by such return of our stocks irom Europe, | Wik understand and appreciate. Many oO. our peopte object to making the interest on our toans payable in a foreiga country, aliexing | as a reason th tit lowers the digntiy of the nauon. | Were i not troe that il tere is any loss of diguity | In mouey transactions, it occurs at the oorrowing: | of the money, and not with the paymeat of the tn- ferest thereon, It might: be worth tue wiule for our that chil Value Of nauonal dignity. In the present pay an xtra percentage to save Msell om au im | agivary loss of Lational diguity, Woue upon tis sLUjecI, iL JUST OCCUTS LO ME tHAL those Oi Our peopie | wao aie so vary sensitive on tins subject, and | woo are so anxious to sustain the dent, of tae | Dato abroad, Could tind @ iwuch surer out Loe Views and accomplish their end af ciey | Wou.d insist that the representauves of the nation | in to.elgn countries, Who are Commissioned to loos ater is titercst and sustun its sonor, should oe Paid @ COMpensation on Which ey Could sudsist | their tamthes aud hve decenily, 1 not respectatty. | Most of winwassudors In Europe are obliged (o | aniw largely Wvon thei privaie 1eseurees im order } tosusiia our natiomsi digaity abroad, Wath tie | consuls 16 1s mica worse. FT fouud ‘them wita- | out a haodaton, “urowsing arouua,” having | them offices mm warrets, with s airs leading to { them so st that 1 was dihcult to asc j em. On eXpostulating with one OL these officers, in the eapiial ola bighty commercial coun- | try, he Informed ine that he was nob ab.e to do oth- erwise. 1 order teac ne WIght seep out Of deve ue | Was oblt-ed to iwave nus samuly In Atnetica and him sel ive | oeteruuned to avoid the laaits of hs wafortunate | predecessors, lor Whose unpaid debts he was yet beug coustanuy dupned. What was worse, the creditors belteved tit tue debts Were the debts of ! the nation and wot or the indiyiaual consuls, I de Jess Laat’ as an American citizen | ielt asuamed, And yet bam st jould Nov eniertain such a ieemig Lae interest of our debt owuel 1a Barone were made payavle there, 1 must be excused Jor | ursing these views, for 1 feel a coavicuoe thatift they are carried out there will for some time to come be Saved mitilons Of dollars auDually. ALABEL REVUTED. | On my return from Surope | was shown, tn aN | York newspaper, an infamous vel upon tie I sury Departinent zeneraidy, and upon ine in particu- jars i Was leased, in double tcaded lines and large capital letters, “,eak tm the areasury—aidl- hous ot Dollars abstracted—Mysteries Brougut to) Lughi—dist of Warrants brawn aad hot Acconntcd For—Waolesate Destruction of Lecgers— Vrodigious Dasctosures of Fraad, | them goes on 10 state tial “it 18 now positively kuowu ULat every department of the goveramcatis Teeking Wilh ¢crruplion, and that million’ of the ouey have been abstracted trom te > “In order to take Cul tlds money 16 cred 98 against the ‘{reasurer, npder ‘te | pretence that it was needed for disbursements, bat bus uever been accounted for.” Ib auexes cas | sceriaid officers in tue bureaus of the First Comptrovier 1 First Audnor were long privy to | Inese transactions, butsuch was Spinner’s mijueace | Wiiu Congress and such nis power wath the party load whom he supplied hberaily with funds, | that Luby feared to expose tne facts. The officers of | the Treasury Nave made every ettort to prevent this | Informauen irom reaching tae pudlic, and upon being questioned upoa the subject stoully deny the | trutn ort Bai ihe number, date and amount of | every wa | tuts bota te | wal not nt vl partisan and oflice-hoiding vrass ’. The tacts are but too pian and are w | irretutanie, and it is only to be feared that tne; | only the beginning of numerous and greater pecu- lauons, pariicuiariyy lathe Navy ana War Depar menia of the goverument, and that a large portion ol the whole $420,v0,0u0 expended annually by tie | government willturn out to bave been expended for the penefit of ihe gixantic ring of radical | Swindlers which ceutres in Wasit7gton city.) And | then asks, “What was done with the $3,000,000 | which were drawn from the ‘treasury + No record of this Vast amount appears on the books.’ Taea, preacuing # homily to the Secreiary of the | Treasury for not reporting the facts, and quoting from laws that make it his duty “to lay before Con- | gress an accurate statement and account of the re- | cetpis and expenditures of all the pave moneys,” it proceeds with a “starling array of damaing hgores, belng a jist of warrants lor money drawn | by krancis E. Spinner avd not accounted for.’? | liere lovows a list of sixty-one warrants, Mity-six of which are tolerably acedrately deserioed, except that the name of ine payee 18 furged m every ine | Biauce. The sist isin the following form; the items | are taken promiscuously :— | alter yf Warrant. Furor Drivveng Amir’. $2,953 JF. i Spinnei @ are described in the same table fifty-five other warrants, tuat are each spectiied by nuin- bs®, date and amount, wii wie name of i EB. Spino epeated sn every one of them, under the head of “In whose favor drawh," as above, An examination bas been made | mM the various bureaus of tne Department of tne } books and records, and Of the Warrants themselves, Hiiyeax of whieh have been found, with dates and | Amounts tole excep. a tew typographt> cai errors, and t tng Up the tale the num | bers in twenty consecutive items were slid up one Ime. Bul they Were.go acenrateiy descrived that they Were easily found. In every one of these the name of the payee has been knowingly and malts | chously falsified’ and forged. Five of the pretended Warrauts are Meutious. None suci exist. ‘Te first Warrant in the table, god as stated im the copy, 18 4 for 2,092 37 aud ts pay- abie wer U. S., on ac. Internal Kev., pt trom Tax on Salaries,’ and not to Spinner.” ‘There are thirt, ee | others tn Chis lst, in amounts varying from $126 72, legislators Lo go into the calculation of tue commer. | fiutncial condition of our country it can ul atlord to | ay to cacry | nil | in the most economucat way; Wat he was | NU KUOW how tus SiTiKeS others, bub Lmast con. | ntLdrawn for ine money are knowa, aud | ‘that the payor j ' Paymaster Jackson 1s e wo | dorky | | i ' i | 1 | { { ject ww | ! No, 23, to $i v4 22, No, 051, and ali made pavable | tn like manger, All these thirty-four warrants, ve- | i nalf the number specified in the wn the same history. was invariable practic? of the War tment, whea an income Lax on the salaries Was j'roin the pay of its oficers and employés, iMous quarterly on the Treasury De- went for the amount of the aggregate salaries, less the income tax, in favor of a disbursing oMeer, who dre and paid th aries less (he | tax; n ty nuke (hor pequisition for the | Bross amount of the tax that was withheld, On these fasi-uamed requisiions warrants were issued in | iorm like the one first above described, ' the thirty-four avove mentioned were of this precise character — aad oor, ers iucates of depoat in issued Jtuunedtateiy on (he re! warrant for tie | Amounts spectiied la nb respeclively: one for te War Depariimeat, one for the Commna- of Inte \ Revente and one for the Secres Yot the Treasury, On the receipt of each of te Secretary of the Treasury irranis tobe issued for the r nawed, by which the money was Treasury of the United states, to nal revenue rece ipis of fax on J of the thiviy-four amounts list a¥ having been pad to “P, Was 80 treated, aud 80 place appears upon al aweunt had 1 upou 98 Correct by, | {had veen couflemed’ and ut by the First Comptroier ers Verifylug the fact of » OXeept ior a single item heroic 4 in th ner? as ach ed fur to, And passe tor, and the ay {iu iy ace asury, and ma | ened j mentioned, euibractng Whoid Ust of fifty-six ware rivet fo th@ jist and winch were found had been in my possession, Some of them jor | over One year, and a the others for over two ra, ‘heso iniamous charges were puo- t i by the falsiter, who, from hia evident access fo the BOOKS and papers of the department, must have known all | wholesale lies, to the e thirty-four tax wart facts whem he invented his ; Meut when moneys ¢ Uausierred from oue accouut or appropriation 10 another. in reality no | Money was liaudied or passed toto or out of the Treasury on any one of tnese ci irty-tour warrants aud their complementary covering warrants, They J the frauster of ine several | from acconnta of appro- priations for iment to the credit of nterual rever jor receipts jrom tax on salaries, smiouey eilner alll remus mM the Treasury or it has tecn drawa out on otter money Warrants to sauisly the creditors and pay thd debw of we Cited Sta‘es, Eleven viher of the warrants specified in this Ibelivus articie, instead of being payane fo ti order of “F. E. Spiuner,”” aa ts charged, are mae payable to the order ul tue “Treasurer S., to the Pedal oC, U, Jackson, Paymaster V. 8, Navy.” Noe JOUNtS sp | ut all tat has been said in regard | ts isa simple state- | business ot the depart: | if | &c.,’’and stare that the: | Freediacu aid Abandoned Lausts. | tevest ; the | gima, 1.15 tac, mone of ihess. Ever, warrants was created for full amount on the day Ou Which the proper Graits chat were issued un Tham came back Irom te Oilles OL the Register of the ‘rreasary, Ail these moneys have since een Qrawn ou. on Paymaster Jackson's cheeks. mchey passed oot of the Treiwury on any one ol these clevon Warrants; they simply edected Wans- Jers On ine vovkA, from aypropriations mede ior the navy, to tie agency account of a naval disbure- mg oiecr, to be used for payments on accouns of Ine navy, and 10 be accounte i fer to the proper ac- | couutiig ouwicer by the Paymaster who d’sbaised the money. and Net by me, TshoOWed to the - atin act ot Of Lhe proper Auditor and Comptroher that tue traaser hb been made, and, it verg tount ter nad receiwed the money, my charges we Hee Sarily adiowed in ine settic.vent of my accouats, Poar other warrants, snecifie t in the list as boing Payavie vo ihe orders of “BR, BE, Spinner,” re. to Treasurer U.S. to the creator Brvt, Brier. Ge GW. Balloch, Chief VW, O. Bureau of Ke uzce: amouals are irom aa “ap: “suppor: of Burean Keingeca, All that was 2ven Wwirans for credit of quay arplican.e to (nese four chat Wore, 1 accordance with the directivus seurmiued tneve.d, placed to Whe credit of Geacial ailocn, Seven other warrants specified in tye trst as being Payable to * opmaer” are made payavie seve- Tally as follow: NO. 4,672, 100 $2,004, Lends )’av to Treasurer i. 8, to the credit of Liew, L. B. Nor- ton, sth nity, and Disoursing Ouicer signal Dpia t’? This ts the fourth 1a the above list. Nv. 841. Lor 740 ',vu0, 18 & War WarTuns that reads, | “Pay to Brvt. brig. Geni, Charies 1. lompxins, De- | Daly (uartermasier General, New Osleans, Las,” and the dra.t tor ihe amount 1s drawh on the “Asst | ‘areas'r od, New Orleans, La,” ‘The dratt bears tae endorsement, “Vo Le deposited wo Iny oMletai credit Witt Asst Treas'r U. S.. ab New Uricans, Charles u. Tompkins, Bev't Be'g Gen'l and Lep. Q. aeu'h,’ ‘Tons is the Mth iu the.ust, Nether ny owa. name, | private or owc¢.al, nor that of my oiulce, appears anywhere ta or on this Warrant, or iu or on the aralt Wat Wai issued on ut, = ‘The date, nuaber aod | amouut Gre correctly stated; al cise 18 a deliverate forgery aad lc, NO, 3,113, tor $30,000, reads, “Pay vo Treasurer United States, to the credit of Dt. Lt. Col. FW. agai, Ue S As, siust'g. and Disbd’g. O1'r” ‘the duvecion 01 18 Warrant ty to place With United tutes Treasurer ab Washiagton $2 ,00), and 55,000 Wilu each Of tne Assistant Treasurers at New York aud at St. Louis, to the credit of Cotonel Tagirard. lt Was so placeu, a3 appears by the endorse uweats Upon the three “draits taat were Issued upon Lie Warrant upon the tnree offices named. | No, 6, 188, lr $20,000, reaas:— vay to Assisiaat | Treasurer New Yors city $10,009, Treasurer U, 3. ‘00u; DOL to the creait of Br it. Cok Geo. M sown, Disb'g. OMcer Aj’. Gent's oillee, Wasnias- + ton. 0, C2? “Both tae Amounts were so placed, as upyears by the endorsements on the drait attacned tu ine warrant. ol, Lor $78,044 69, reads:— “Pay to Treasurer be deposited 10 the credit oO. oui. v. i. propriatiou” for said in re. ling, secretary of tue Interior, in trast for ia- various Indiaa tibes, a8 principal aud on certalr heretofore wapaid State toads’? veng pare of ine at found due to tie State of Mis-ouri on setties Ment Oi ber account ior mult ases durin: tne revelion.” ‘tue amount was so credited, tue Laird deserved ia tne Lavie. No, 5,053, or $3,500, case, with which Hreasurer has nothing whatever to do. ‘the custody i ail prize money belongs to the Assisiant ireasurer by law ol Consre Tne warrant Tead, ay to Assistant easurer By | Washingt b G. to be held sub- uch Orver as May bo made ta reli luow thereto by the istrics Court of U.S. tor the Dist. oO Coumb.a,” and staies that ais “Due | Prize steamer Governor A. Morton.” ‘the dvati beats the indersement, “Credivea as within «i- rected, L. R. su tie, Asst ‘Tieasurer U. 5.,’? dated December 19, 19d% NO. 4,593, lor $635 reads:—‘Pay to Treasurer U. S., to be deposited to the credit ol Sens SMM eT, M sourk amour Alinemm, count, of Gveraaed, Kingdouw oi Wor temoerg, Geriaany.” On June 11, 1888, te | kicst’ Coimptroler, by an order in we ting upoo the lave of tile warrant, diree.ed the amount to ve paid to “Leopoli Vv. Bierwith, Consul General of Wurtewverg, at New York, as attorney 11 fact Of tae hel’s of Grieseoz pmither,” aud oa the next dav it was so paid, ag appears from alr. Urer wiles receipt on te Graft thavis attacanea bo Wie warrant on ilie, Fiuty-tive warrants of the sixXty-oae deserbed in the Cuarze tiat the money payable ticreon had not been accouated for are DoW explamed. esides tae five adezed Ones taal exist only tu ihe ferdie unas nation of (he wi.fat falsivier, out One, No, 1,507, Ure fast m the loregome list, remaias. ‘hts, instera of being payavie lo “F. bk. Sjanner,” as ts taisel: stated, readsi—"Pay to the Treasurer of the Unu Stales, as a special deposit, suiyect to tue direcs ol the Secieiary of the ‘treasury, vy cuter, $17,679 28, due the Stave of West Virginia on settlement.” Tne statement is made on the warrant | that it is for “rem zuraiDg West Virgiuia tor mia expenses during the revellion.”? Payment was tor a tine witnneld on this warrant, on the re- | quest of the Secretary of the Interior, unik the question of ‘the — State's Tiabuity | or hon-payment of interest on Old Virginia stock held oy huu in trust for various Indian tribes eonid | be setued. Tue legal ofiver oi the governinent gave an opinion against the Staie hability, whereupon the Secretary of the Lreasury directed me vy leiler | “tosena drait lor the amount ot $127, 25 to favor of Witham E, stevenson, Governor of West Vir- | at Wheeling, W Va"? The drat for the Wuoie amount was pald to Governor Steven: son on me 13th of July, Loty, as appears | by his oficial endorsement upon the draft aitacne.t to che origipal Warrant on file in the oNice of ine Register of tae Treasury. My charge for the pay- ment of Us Warrant Was audited, passed to iy credit, and settied im the second quarter of 1869, as appears by the ietter of the First Compuwroiler in vis oilece, dated March 7, 1871. dhe name of “f. E, Spinner" ts repeated sixty-one times ju the descriptive tabie of WarTanis pudistied | in the newspaper article a3 the payee in that number of deserined warrants, When in truth and in fact, a3 is herein shown, he ts bot the payee in any one of them, Ana J will add that no warrant was ever issued payabie to “F, E. Spimner’ at any time, either belore or stoce | came tuto this oMice, for any amount or for any purpose whatever. It 15 further charged, in the same article, that | “the books are not kept by double eairy aad that a number of the acconut books have been allowed to be destroyed, When I came into the oillce, more than ten years ago, I hat tre manner of keeping the books changed from single to double entry, and 1a- creased the number 80 a8 to make them checks on each other. ‘the bouks have beeu so Kept up to Lud time. Again, it 19 charged that “a large number or | ledgers are missing.” This ts e¢qnully, with all ihe other charges, faise. Kvery book of accoua’s that T found in the office in 3861, md every ove that has: been opened since, is now in the omer. ‘the whole series, by years, M_ every division, is complete and | in perfect oraer, of whieh fact any one wishing to know may sausfy himself by personal inspeciion, { Again, it is charged that x cart joads of Account books were permittea to be muulated and tien taken out of the Treasury building to ve sold tor paper stock; aud that aotning now remains | of them bat tie two boxes Hil of the red Jeatuer labels, which were vorn off of them with ihe lutea. lion of destroying them by fire.” This cuaigs, Ue | au the others, has just euouga (truth in i to give plausiolliiy to a deinveraie le. Tae imma. ertal tac stated are true, aad ail the material Ones are Ue false. There Was a number of buoks of piv forms, procured by @ former ad y! iidteaton or departinent, and sieeuiessiy bound “steamboat Mspectors’ certiticate river pilots’ Licenses” —the lav and the former soon to beco: ould be wsed boagad up in & book, but must be cut out ior use, It Was ordered, Tor economy's saxe, that tie covers be taken olf from all these )ooks, the blanks | that conid be used for their designed urpose to be 80 Used, and tue reuiaindcr foro her oflice purposes; aud the covers ty be used lor other needed bovxs, | A few other beoks of forms, that are now | ovsoiete und useless for the purposes for | which they were prepare’ have pvecn treated } in a like mann A few small books ot Dayal paymas returas, that were iu duplicate fo the office of the Fourth Auditor and of no eartiiy use to department or any one else, have aiso been taken to pieces and tue material usea tor needed purposes, The lavels were saved for use. Now, this wholesaie fulsitlor must have known, irom the labels aud frou the paper iat he saw, that netiier had ever betouged to “iedgers" or tO any other “books of accounts.” Lhe knew that, with the exception of tue duplicate “paymasters’ re- tums,” pot one of them lad ever been used tor any purpose Whatever, Gud Uiat Ol a Wriilen Word or igure, nor a siroxe of a pea had ever been made in Hy oue of the books tual le speaks of as “bouks of accounts.” this charge of the destruction of account books,’ like iue oue that} had wien ou riants maae payavle to i spinner,” Woueys MuoUNUAg LO $5,103,007 6s, aud foc wien I have not accounted, is, 1 hope, sudicientiy dite Proved by the luregoing simple statement of Lact the trath of Witten cau be verified by any one Who MAY choose to eXamMiue the records und papers thab | are accessible in. the various oflices a: Lue depart- ment io when they progeriy beiong. The charge (iat 1 vee id Bujagd on tue Lor of May, aud proceeded to Baden, where he i) varted with bis (my) Companions and disappeared,” is in perfect Keeping wiih all tiv rest. The whole arucie jrout the vexinuing wil Uie Way throigu io the end- Ing, sy (AY U8 any Material fact is coucerued, 13 af | lugated Le, and Was so Known to be by it ri Up Wien It Was lavenied, peuaed, and pubs i v9) She being principally i Western onsuleta, f ix cart loads These statements have hee full aud muen in detau, vecan that w ne D made particularly eit Was the ative Coull be provel, Baca at | ness whacever, | hbetlers. | greater amonot, except by authority of law. | taeve are wrougs 1a this Office, or here in the de- | dius 13 | § | trier, dep | the (mited States, amountin | pacity, and ty theretore been taken up separately and by iteert the watramis by Welt uuiers oat “thy ayaonets of mousy payale thereon, out the books by their kines aud 780 \Mat aay one 80) dispused may be avid to ivox ep all the | books and papers reerrey ty, aud thas Lusty | himself that each and every GIS Tes Citai ge wade had nut uly beeu disproved, hut that it was wade | by ihe Hbeller wiia the tuit Ravwiege, ab the this ol mak Mest, Chal it Was dediuraie dud atrocious falsehood General charg tT my oMelal cond agaist tie management of to dag e De office giveu me rge, J iave never powcr These ¢ rt e however, made 80 Maliciousiy speci foilr-minded men who did net vouw die nor tie Tact, HOF ina characters of taose who pwilisned then, might oe ledto Deleve that there” might ve some foupdation of truth ta thei, is Jt bad been sail oF manicipal oMevais of a Sorin ares of MOD. ery chy, that “tney do not deny ite © very of the puwiic moucy made against theuie!? Tere 13 reasou Ly believe inat, i aking wdventage of 1, m. foreign land, these false charges agavnst the Treasury Depa tinent that eriginaied in the orgaa of the “dimg* that city, whose eittor 1s one 1 its Members tn tite Senate of Mhe Siate, were “back fire” aud ‘stop-thiel’? dodges, and mate wih « view fo draw attention from themselves and their “steatings,"” und that they wmwicnt say, “Why suculd we deny general chacg.8. of ofletal dishonesty when an oficial o the Hationat government, Who ts charged more speci icaily with greater wrong-doing, WaKes no demal 2? These were mottces that induced me to swerve from tne general rue, to give no heed to sliuders ana foes. Anowter raison was because T hold that the peo- pie have n righ. Dot only to beheve. bat to know, that their secvauis who adinnisier their pavlic airs, or Wiio lave the castody aud disposition of thei inoney, are fambful tad honest When | brst entered public life, more than forty i made tt a law to mysetf vever to de ad ct that 1 was nov willing everybody should see me do, This rie I have never broken ina singe Instopes, and so tone as C the sivengta to udhere. I never wail break i. I have now held (h’s onee toy more than ten years, and ib taal Hive Live, perdaps, bad such opportuuities, and w unid to some have been sich teuptae Lons Lor making mouey as have rareiy been pub withit the reach of any man. I might easily uve vecome rich by spect tations in stocks vy my Anowledge of the government’s Lntenuons in advance of otuers, I have never used this pene? mn | “ine enauiatment os | returns, ana in the d continues to give ie | Knowiedze lor my own or the interest o1 any other | person, Stice | have beea in tue oitice 1 have never engacd im any speculations nor m apy ba-i- Lhave given nw whole cme and aveauon, nicht and day, Lo the atter neglect of my own to tae care oO: the pubite’s business and iuler- est, ant iu cousequence thereof am now, at tat age tetas the poor i pecuniary (nngs as 1 was on Lhe day I came Into ths ote, culdren, save aa honest reputation, and that it 13 my ,-arpose to keep und provect, and, if necessary, to avievd, even to rhe extent of appea.ing to the crim al courts of ie Coumiry for the Conv.ctiou Of its I have never taken, nor perinitted eyes nor auy lw lake, from tae lreasury a single cent, ‘ment, or Mm there have been any since 1 have ven 1D It, Laut mh entire ignorance of them, aud feel quite sure (hat none oiler except such as buve deen Qiiclaiiy reported, aud whereon the parities liupueated have (een pursued, and when caugit Were convicicd and punisaed, have existed, or do now exist, It may be douhied which does the most to under- m ue conidence ‘n our repubiican lnshitutions—per WMIiNY TaleV.ag Odcals LO escrpe YUnIshment, or the aouiiy Woh whiea the pubuc mind receives juiamous charges agaist trusted public officers, SE_URIT.ES DEPOSITED BY INSURANCE COMP. Tie saws of the siate ol New York require (2 Revise Starntes, page 774) that betore anv toreiga ive insuiauce comp State, mer ment ot t ae Like certificate of “the cuter tinane char office ihe State vy whose laws such com- pany is incorporated, thal there 1s deposited with bun in trusi, for te venetit of the policy holders of tue company, %.09,000 Ins Ocks oF secUrivies. fa order toa i Of Lae privileges ol TMs act aud of stuilar enaciinents in othes States, tne loiat Lie Insurance Couipany of the United C3 OF AlueP.C., Incorpoumed by tue Congress of cnited states, and Having Its oflice mn ubls dis- et ‘in this oftice $109,000 im Untied un ales Vonds, oF which the Treasurer Issued the ceriificate required by Ube laws of the state of New York, wien ate Was accepted as saiticieni by tae Jnsurauce vepartment of that state, ibe Jorm of tire cervificate tuts gived 13 1ia words and figures as iolioWs, lo wat, AsuRyY OF Gun Usitey States, Washington, D.C :— F.b. Spiuaer, do he f Lava’ ‘treasurer of ited State: Company o€ the United States ot America, a corporation chartered hy Congress, jocaet at Washin to, f the Disiriet Of Coldabia, bas ueretoLore deposited in this vilice stoeas of ia par value to not less chan ad doin Aud Luo uerecy wiles are now held by mein Aue stun OF O4e by further certicy ty this AS en oresaid, in wy Ocial & Gn deposit and 1a witst for the bene tor ail the po.tey- Lovers of said compans, and to evade said company to compiy with the laws of the varions States iu order to. co busiveas wer fn, And J further ertity that Lam satiated that the sali stocas and seouritics are worth one Lundred (hou. sand doliars aud upwards. Said deposit was made fn this ollie og tug iat ayo. August, A.D. 120%, ant has ever since tiat period vemaised at all times jutact tor the fal amount of glu, La tue socks und securitica avove speck he’. In witnoss whereof I hive here:into set my hand and caused my official seal to ce adised at che ‘reasury Deparunent on (ais Ulst day of Deo irs F. ik. SCINNEK, Treasurer United States, Certificates of similar purport have been given by dhe freusuree joe asein over Soates. Some tue im pra iasi tue $100,000 in Untied States. bonds Were withdrawn $110,000, par value, Uuiied States four per 6, CouvOn Certificares oL ludebiedness Of 1570, Issued to the State of maine sor advances made during the war of 1812, Were | substituted taereiur. These certificates are payavle to bearer, and are not assigned to te Jreasurer, the evitence of the parposes tor whien they are heid beiug the letter tat accompaaied and which Is on file with thew, Aiter tis deposit haa been made the National | Capttot Life Insurance Company, another” cor- Poranon MUS District AnCerporated by Congress, deposited ior the = same pure pose promissory notes mounting to $102,020, secured by deeus of trust ou uDiucuindered real e3- tate valued, by appraisers appointed py tae Insur- auce Depariment vl the State oO: New York, at $74 ,00. This real estate Nas beep conveyed to the Treasurer ot the United Staves, ian mis oiiieral ca- his successors in office, in trast tor tue policy holde:s of said company, vy a dea of trust executed by tie trustee "ana grantor oi the avove mentioued deeds oi trust. Pou- cies of insurance amounting to $26,000 on the improvements on tis property, have bech assigued vw tho ‘Treasurer as trustee, and fies wita the Other papers in his oMce. For {nese deposils a cert.ucate accordance with the Tacts stated Was given by tne ‘Treasurer, to be fied = = dusurance Department of the Siate of New ‘Ork. 113 proper that the facts should be stated that payment ol the above-meauoned noves 18 promised, ppears from tear tenor, when and as the same may be required by a vote of the directors of tue company, the notes being payable to te order of the company. The deeds being merely cohateral to the notes, it would seem that the Treasurer can- Ot dispose of the property ior the benent of the policy bowers uniil there shill have been default in the payment of tie notes. AS paymens of .he joes cun be demanded oaly by the directors, ihe asurer would seem to be duable to make any sale for the benelit of tue policy howers in case e1a failure of the company to meet its en- gagemenis, without the co-operation of tie noard of directors, Jn addition to tye diMiculties already enumerated, the taking ot thess trusts by the Treasurer was ex- Ua Official, there being no law of the United states requiring him to take or nold securities for the pur- poses a3 above stated, It 13 theretore duubted Waiebner tie securities held by the Jreasurer, tu trust ior the two velore mcalioned jnsuraace com- Dantes. could be made avaliable im the manner that Was contemplated by the Legislatures 0 tae states that enacted the laws tor the protection of its Policy-volding eitizens, 4 iV unpressed with the conviction that all 103 (iat by their charters ure auiiorized to jlave money tiansactions shoud be compelled to give ampie security for ibe fattniul periormance of aul their vbligatous. { Would most respectiully sug- west that Congre ue asked L989 amend the acts of iacorporatio€® Wi which the tWo avove named jnsarancé cémpanies were created as to compel each of thein to deposit, in lieu of thei present un- authorized securities, at least one hundred ihousaud dotiars IM the ew five per cent bonds of ihe govern meui, with ihe Treasurer of the Uniied States, and assirned (o lita in (rast for the benefit of the policy holders of said Companies respectively, in case de- fault should be made Ly them im paying tiew legal lvb lives to salu policy holders, Jn this connection it muy perhaps not be inoppor- tune to suggest the propriety of having 2 law of Congress @ governmental bureau to have charge 01 the adairs of ail ktads of lusuracce cowm- panies and associations, in the same man Comptrober of the Currency now has charge of the allai's Of ail ibe bauks thal issue paper money in the United states. Al tue meeitng of the National Insurances Conven- tioa, hed in the city of New Yor in May last, N. D. Morgan, President 0: One of the largest insurance companies in tuatelity, saldi— The reasons why I wou'd prefer a national bnrean to the present State supervision are patent to every otilver of uF prevent compantes. Wile insurance, to be successful, should not be confine | to one locaiity. Tut business of a company anunid be extended Over us grout an eaxtont of tersitory a8 possible, in order to eyualize, us fir us may Le, the raie of mortally among tis mombers fi keavoue of ept'e nies. A company dot: ex tended business 1m the clty of New York apa fa ail tae inrge cities uf the Uniied States woud bardly be alecied in cane ola Vazue raging Iu une of those eties while the otiers are ex- einpt, the income iro the exempt district compensating for Any excessive claims from the imfected one, It is thereiore Important tha. toe largest liberty to transact business ‘itouhout the whole couniry Ahouid be accorded to our ie Ingurance companies, nder the pieseut ayetemof State Tepidation it ts very i for ONT Companies to 89 extend their bugness, Ke: Mriction after restriction Js thrown Up againat the work of the drsurance ageut throughout the length and breadth of We land, 4s th the Dusiieas ynvolved Rome terrfole harm. to tue public, iusiead of the iNfe-giving stream of joy and i@.iness that it isto the widow and the orphan, to enable the work (0 GO of ae it ahulild and would Wore matiers diferent, should be remedied by the creation by Confess of aa ingucasee bureau, to which overy com: country shoud rey ‘to enabie it to transact waive of the State were locaed, The tillag of fucit report and with such depontt in the is now demanded by onr own Stata Tawa ani wiih mailstactory evi- dence acy aathe laws of Congress might demand, shoudl wecure to sich reporting companies certiteates of aurhority to transact business within avy Stace of tue Union, without regard to any State oF municipal laws whatever. Mr. Morgan's views in regard to iife insurance companies ure equally Applicabie to fire, and, to sone degree, to marine insurance companies, From persona intercourse, aud through written commu- nicatt vit Ovner Oficers of leading insurance companies, Ihave become satistied that the better Class Of (hese Companies Would favor a law creating a Lureatiot ational Insurance Companies, and tnat Woult provide (Or a deposit ta stocks Of the general gevorament, With the Treasurer of the United States, peiged lor the security of the polley-nolders of such companies, the president of one of the leading and largest life Insurance companies In the Coited States nas write len me Lhe mlorimanod Ubal the assets of all the fire, Marine and ive insurance companies doing business: in Ure United States, amount to $420 000,010, and Ulat the amounts ab risk In these Companies amount Ly. £2,500, 000,000; bolug greater in amount than tue Whole national debt. He says, in view of tie hope (hata national bareau will be created, that “it 1s Lupo sible lo coutemplate these stupendous aggre- gales aud their vast aunual accumulations, laden, as tyey all are, with the trusted elements of material and that the Natioual Lie Tsurance | my; He alotted to man in this world, us 1 have bus lite to leave to any | ' effeciive ueasure to insure prompt payments of the | I} ny Can dO busiueas io tuab | hati be fiicd mith: Lasuraace Depart | sips, | Cabuiln of We sieawer and auotuer party name; ' une ves: | Tosa to tie dey. | the steamer and the rocks. ) the mouey taat was in the sse, except (he million | Motes of welfare and human such a national bure: , Wool bring conbdeuce to the insured, aud would ‘Qdd sarge wunbers to the millions of our people who | HOW dave & pecuuisty taterest in the stability .f | these n-eful and benevolent tastitutious. In addi- ton, the cretion of such ® hureau would create a home market for a 6 winount of our new Blocks Dearing a lexe rate o interest iran is now paid on | the old United States stocks, thus conierring the | doubie benefit of assurance irom toss to many and | parwal exemption trom taxation to all our cillzens. NATIONAL DANKS, ! The delays of banks in making their semi-annual | payinent of duty reerie) ty in my Ja taguual repo We Increased during tue last fis-al pear, Mosi of tue national banks pay the tax due irun them promprly, w:thin tne time specified by | Juw, and treat this requirement as they do other ovligauoas against their respective iostituuons. But there are other banks that fuve been carciessly, W not wittully, Nxbiluaily negitzent in making weir Teiuras 4nd paylug the duty due trom them w the goveenment. A number of the Dauks dul not. ay the uuty cue on toe ist day of July unt some time during the moths of Sentemver und Ucrober. ‘The Joiowilg DaGKSs, at the dace nereol, ave uiade DO Teporis oF tie Amount of duty due om ihe ou the Ast of July dast, hor have they made’ any payment of | tue auty:—Firs¢ National Bank of Kansas City, sls- | sour, Miners’ Nationai Bank of Uiah, Sait Lake | City, Ulan; First Sanonal Bank of U.al, Salt Lake | Cuy, Uran, Tue two last named banks Nave ree | cently been inerged into one ins‘ibation. | For toe proveciiod of ihe ‘treasury against the | growing evil, 1 would wot respeciiully reaew | ‘he recommendation made in my last auuual | { | | report, that a percentage upon such daty be acded to it tur every ten days’ deiay in pa, expiration of the one month's tue now alowed vy law, Legal enactments, ving authority to this ojlce vo add one bet. cent to the duty due irom | Dauks 1 or every ten days’ delay alter ine time fxed | by lew for its payment, Would seem 0 be the most auby. GOLDEN RULE LOss. My attention has been culled tv a New York news- Paper article, extending throagn tive soltd columns | Ob tue sum Of August 23, 1871, Tue auinors dispiayed much ingenuity in the relation oj story t@ Weave such a iavric of Bemen tual ut should sevia to be truth, ‘Lue faise theory attempted to be proved by this”, article is tat the steauer Golden Kule, With 68d Souls om board, and carryms money velouging | to the ‘Treasury Of tie United states, in inane aU Lrom tie Preeasury at Wasutugtou to the Assist ant ‘Treuster ut oun Francisco, was, on June 00, ae Lordy Minutes past Mire in tue wight, during K Weatuer, purposely run on the Roacauor reel, | With a view to the rovbery o: the money, and Liat | $1,004,000 im amount was actuaily stolen vy ie | that ihe sale was recovered brokea opea; that it was warded by one of tue paries in charge ot tne mouey to Washington, but tha. it never reacued its desumation, beng thrown overvoard on tne Way. Withuut discussing the probability of two mon conspinng, tor Ne purpose of & possivie gata, to run might tue, Nerevy endangering Cuely OWN lives and Those Of wearily seven huudred Other persons, mauy Oo. Wom were women aad citidren; and wiinous going ito tie tesumouy presenta soon after tue tment, (hut amade it appear preity cleary what tue running of the vessel oa the reef Was purely accidental, and that tue mone. Was Lost 1a ‘he oceah, 1 Hope DOW, in w simple siaiement, LO Overturow every lalse tuie.eace urawa trom the Jong circumsiautial statements that are presented to prove tual the amouut of 21,0u),000 Was stuien, and (Mat 1b Was Dot lust ana toludy destroyed in aad by the action oj the ucBan, Fir-t, thea, the crushed safe did come to the Treasury aud Was repeatealy examimed by Wyseil aud others, m company Witu Olu sea captains and ovher exp. Tts, ANU Was the epion oi nearly all that tie Saie Was broken by bemg jammed between ‘nen, in, nearly all douars tu question, Hoated on sore, aud, eXce;t a Jew bilis, bas 0: recovered by tne ireasury. ‘The Mahon doliars Was not 1a *gresnbacks, ? as is ale Jegea, but consisted o1 one thousand thine notes of $ ,0v0 euch, payaole three years alter date, with compound interest, ‘ihese noies vore date May. 10; were re.eived by the ‘treasurer May 16; aud left this office May 18, ‘fhe Golien Kule left New ork May 20, aud was wreck d May 30, 1860, ‘These notes were 1n regular and unbroken sequence of num: ets, berg irom No. 6.0.1, Leiter A, to 4,590; and irom Ne, b0u4, lewer b, to 5,000, vb th ucmbers, iu each case. inclusive. Both tie mumvers and let- ters appear on tls kind of notes Loi on the upper and on the lower hail of every note Compound interest notes were issued from Nos, 1 to Nos. 9,85’, repeated on eaci of the .etters A, B, Ce and D, aggtexaling $39,440,000. All this “immense amount, except the one thou- Sand notes iu question, and seyeuicen othes notes Rcuttered = prouuscucasly thougin te whole series, have been preseuted at the Treasury, and have been paid. Not @ single aote of the 1,Wwd the numbers an. letvers avove men- tioned, that left tits olive tor transportauion to an Franciscy, has ever been presented ior payment Of the 88 49 Other notes of the same kind, that were issued at the same time, and be.ore and after the time that the 1,090 notes in question were is- sued, all but seventeen notes have oeeu reveemed. The pact of tue story that Luis $1,000,000 was used by u aleweu Ulleves, Who, it is stated, were poor at ihe time of the wreck, are rich now, aud ia possession of valuable farms and stocks in tue Stake of Maryland, 18 simply absurd. Had this property been vought with these voles they Would long since nave veen presented for payment. A sugzesuon 18 thrown our that the numbers of the notes wee caanged, or rather tiat other notes With other numbers were exchanged jor tue notes im question vy the collusion of tue then Regisier OD A Pec in the open carrovedd dea, ID Lhe | | Treasury Bepartment to revi ; Sait iu the report frou tits 0% urer, or other proper oMcer of the Treasury gry to advertise in newspavers pub the cities of New York and Wasaington, f the end of each year, a list of the names of ogee to whom the government has been 1 lor more than six mon'us next brscetey tae making of svch hist, stating the amount of suc! Indeotedness; and taat tists of the same shail Posted In Consicuous places in the o.ices of the ‘Treasurer und the Assistauc Treasurer of the Unt States for public inspectiou, Provisicn should mave in the law for tue retention of a percentage from the amount, when paid, to deiray we exe penses of advertising, i ‘The lack, n dand rautol waren je lack, need and want of a vroper oMcer in tl » adjust aod eae tle the agency accounts of te SSistant ireasurers and Desiznated Depositanes, and of the Post ofice accounts tha: are now fins passed upon by tue And.tor of the Post Oftice Depart. purtment, are sertousiy ielt. All other accounis, ly Lor military, or of what! ever branch of the pute service. are Hvally passed upon, adjusted and setliel by either the birstor Second Comptrol er of the Treasury, Neither of the. Comptrolters has any legal authority to review, des cide upon, or 'n any manner con-rol in the two kinds ef accounts avove naued. ‘Tae final setties ment and the correct. payment of these accounte should be under the superv.sion of a Comptrolier or oiher proper oMecer designaet for that purpose, AS matters now stand, in regard to tue two Classe cf accounts named, tis ofics Is not only incone venienced and imperiled, Lut it nus great responst- bulues thrown upon it tuat go nob attacn in otheg cases aud ought Hot im those named, Ivis (eared tat througa (he tose, irregular ang anomalous matuer in Whign these accounts are seiued and paid, sooner or later, the goverumens wht suffer serious losses, A 1o%3 to the Post OMce Department some years since, supposed to have been cased by the coliusion o: tie tien postmaster 1m the city of New York and an oilicer of the Treas sury Vepartmeat, and the recent loss ta the government’ through an agency .a¢- evunt, would probaviy have been avoided: hau there been a proper Oillcer of ths [rcasury- s+ partment to review the adjustment and the settles ment OF Mese classes of acCotals aud decide Upom the _sail.cienoy of the receipts given in paymeag therefor, ; It is suggested that the ofice of a Third Comptrol- Jor be created to take ail Wiese accounts and there, final seuicment in charge, or t at they be give like all other accounts, Jor ad usinent, settlement aud evidence of curred. pasuteul of vbe draft or check 1 sued thereon tn charge of oe of the preseak Comptroilers of the treasur SALARIES OF £ IPL YES, Attention is most respect wily caliod to what bir o ¢ OL Lhe .ast and former years im Tegarl to tne imadequacy of th compensation allowed by law to Le empioves Of tue ollice, Butior the temporary ree grantel by ta® Kindness. of Congress for tie vist two years tothe. Olicers It Would NOt DAVe Veeu poss Die LO HAVE See chred the services Oi persous Goupeteut to the prow per discharge of required Guiis. But in ny opiat. n aiadey of tue clerks employed tt this oMlce deserve, and in justice sould receive, like Consideration as he oie rs. | woaid especially cal) attenuion to tue tables that appear ta tie repor& Of :he iast year reiative to tue more periect organs zaton of the persvuued O Une. Jreasury of the, United States. CONCLUSION. Withont the least iteaton er desire to thro: blame upon any over oulcer, it 1s due to the oillcers ul the ‘Treasury Ula the Gunyiatic dee.aratom should be made that for tie veidication of an olicer belonging to agutuer devartinent of the government never this oce nor uny one ems ployed in 1018 1 any Way 1espen-tule, a8 will be Clearly Made to appear, should a iesal Lnvestigationy of the waole matter, Which 1s desired ov ny party ever be mad ‘The tiscali year has ended without the loss of a single cent to the ‘treasury by lue act or by the neghgence of any employe im tits odice, For wis and lor other escayes fron joss LE bove that Lam traty thavk.al and grateiul to thas rower that hag now again, a3 in the past, shicidet me from pers sonal harm aud the natiou trow coasequent pecud hiary loss. lave the honor to be, very respectfully, ; #, EK. SPINNER, . ‘Treasurer of she United States. § Secretary of the ‘are: Ton, GEORGE 8, BuusweuL, 5 sury. Appendix—Receipis avd Expenditur J ‘The povks of the oilice were cloxe] Jane 30, 157%, after the entry of al) moueys received and disharse on authorized Warrants wWituin tue discal year, ag folows:— Baiance in Treasury hveceived, formeriy credited as un Received’ trom Loans Kecetved from Custom: Keceived frou Juternal Keceived from Land: Received from Wut, Received from Navy. Received from futerio: Received frow Miscetlant 5 $149,502,471 6 8,500 Uh Total receipta for the fiscal year... Grand total... Paid on account of Public Devi. Faid on account of the Army. Paid op account of the Navy. Paid on account of Interior. 3 Paid on account of Ireasury proper. Paid on account 0; Custom: $ Paid on account of Treasury, Interior. Paid on account of Internal kevenue. Paid o Paid on account of Judiciary. Total expenditures for fiseal year. Balanve iu Treasury at close of Lecal of the ‘reasury wih the ihteves. Such @ course would have been imopracticavie, if not 1npossible, and could have been of no earthly use to the supposed conspirators it it could have been done. ‘Ine first note preseuted would have been detected, and that, too, whether the numvers were aivered or not, or Whether O.er notes with other numbers were put mn their stead. Ii altered to or exchanged for a note of another number under 9,850, the highest uumver issued, 1t would, of course, bave been a duplicate, ana there would have beeu no place fur its regisier on the books. If changed to or for a higher number than the one uamed, it would huve sbown an over-issue, Witch, It 13 new Anuwn does noc exist, As no auplicave por aay Auber bigher than 9,850 has ever becn presented Unis fatse theory falls wito tne others. To show the utter impussibiiity of either being done, or that the notes in question Were redeened in any other way, itis only neces- sary tw state that ai) money, these notes included, 1s received from the Burean of Engraving and Printing by the ‘treasurer, 13 receipted for by him, und is then cuvered into the Treasury by warrant. ‘Taney car only be paid out on warrants, When redecmed by tn? Treasurer they are carefully counted and thea cut in two parts jongtiudmaily, thus saowing both the letters and uumbers Of toe notes on each half, The lower halves are tuen sent to the omtice of tae Secretary o} she Treasury aud tae upper halves to the office of the Register of the Sreasu In each of these offices they are counted, afd 1 ad to be Correct and agreeing 10 all the oitlces the Lreasargr 13. then repmbursed for the amonnt by warrant in nis /evor, Lhe Ofices ol the Secretary and of the Register books o! registry for the entire issue 0. these com. podad laierest iotes were prepared, having the let. ters and the numoers printed in rezuar sequence irom the frat to the lost uumber that was ever 13. sted. These half notes, after being #0 counted in hese two ollices, ure (hou registered respectively in these bWe sépirate books ¢i Yegistry. Newner oi these offices knows of the other’s action unless they disagree with the Treasurer's count. In such case eich reports ty the Treasurer separately. These two books of reg.sity are now lound to agree, ana hey vota show that ail the notes of Uns Kind that have ever been Issued, ainounting to $34,409,000, have been preseuted and paid, except the one thousand notes iM question, and the sevenieen oiner notes belore Mentioned, that have, as yel, not been pre- sented jor redemption, All tué bianks opposite Lueir appropriate letters and numoers respectively are flied up wih the date on Wich each individual note was redeemed, Tue ove thousand numbers representing tue notes sent by the Golden Kule to San Francesco, ruumng ‘in their sequence turough quite a number of pages iu the books, re- main a biaok on all the registers, After watung over siX years and nota singie one of these known notes appearing, the Comptroller of the Treasury has, alier a thorough and searching investigauon, W.sely directed to treat them like notes cerufied to have been des:royed, and has tins had them taken outot the cash account; and thus has most un- doubtediy Correctly setied ils vexed matter for- ever, or unt that time at least when one of these notes shall he resurrected irom tie grave where It has been buried ior over six years, OUTSIANDING LIAUILITIES, Governments, hike inaividnais, suould follow the Roluen rue, aul do ay they Would be done by, Ours, Of ail others, being Of thy cluzens, suould set an ex: ample of honesty to the ciuzens. The withholding of an honest devt 13 morally but tte, if aay, better than outrucht sealiag. ‘There is due trom the government money, in Various amounts, to individuals, principally for tne Claimed interest on United States stock, tuat has ben accumulaing irom year to year, Unul In the aggre- Tale, iC amounts to quite a considerable sum. For inerly No employe of the Treasury Pepartineat was aliowed to give any information that would lead to &@ demand Jor tie pavinentor these debts. The conse- quence Was (bat sharpers would, by some means, at tines succeed in ascertaining some of tne amounts and the names of te persons to whom the money was due, I through eity directorica, or by any other means, they succeeded im ascertaming their Poot oilice address tuey would write to the parues direct; not, then they would Insert au advertlse- Ment In the “personai” of a New York newspaper, siatlag that ‘if the following nameu persous wul address ©, A. By vox 6,857 New York vost officd, stating where they may be found, ey will learn something greatly to their pecuniary advanta ? after which follows a jong hist of ames, ene whl be recognized in ths office as creditors of ie government Ji the ereditor gets half the mouey due lum trom the government he 14 lucky, Through these meaus tue ludeviedness of the government for these Un Clatined amutiats has gradually decreased; but, in- stead of goiug to the persons to whom 1b belonged, hall at least has gone into the pockets of sneaks, Who ovtained the information of the mdebtedness surreptitious: dome three years since, with the consent of the then Secretary of ‘ie Treasury, 1 directed letters to be written to all persons nip amounts stand. ing to their credit OM the DOOKS Of this office, whose address could be ascertained, informing them of such fact and the amount of money subject to thelr order, Comparatively but fev were reached in this way, and very many of these amounts still remain Unpaid, tt is therefore recommended that Con Gress be asked to pass & lew dirgctlug the Tre Grand total. HOW D2E3 SCHSNCK STAND? - PUILADELr OA, Nov, 29, 1871. | A good many mlerestcd copie are asking tng’ above conundrum just now, svme enterprising Journalist having discovered that our minister td England had entered into a mercantile busincag while representing the nation in Great Britain. NO one has as yet attempted to air nis opinions on thé sttbject without conveyiug the impression that, uy his own mind, he aud ne alone nas the ONLY CORRECT INFURMATION, With a desire to procure am authoritative states, ment of General Schenck’s real position im the premises your corvespondeut called on Mryj Jay Cooke this morning, whe, it has been sal could tell, if he would, just hov far schenck hag gone in his speculations and iutercourse with bi ness men, with @ view Co enrich Aimself at the ex pense of his oficial diguity—“olicial dignity” @ what they call it in the Pulladelymia ‘Social Status; Ring.” Mr. Cooke was, as usuai, very buay, but, usual, he received the HERALD representative a€ oncé, “Mr. Cooke,” I said, Minister Schenck’s connection with the Nor the Pacific Ratiroad may bey? i “General Schenck has no convection with the Northera Paciic’tatiroad,” replied mr. Cooke. }) “some of his journalisuic inends have beon taking, itberties With his uume, then, as well ag yours. : “What do you mean?” said Mr. Cooke, . “{ mean that (have seca it ex plicity stated that General Schenck ts your aitoraey, your ww o Wg and, further, that he Woud snorty retura Ainerica and act in that capacity fur ibe corporation, which you finauciaty ropreseat." “Well, the General ceriaimiy uas done some bust ness tor tue Northern Paciic road, but Hot in a leg: Capacity, The road has fad ny legal trouoies, aud, we have had no need ol & lawyer, but it is necese sary to have some One at Washington to look alter, the interests of saci &@ corpurauion a3 the Nortite ern Pacific Railroad, and General Schenck has = frequently ended to sone matters for us tere. He had every reason to beieva that the road would empoy hun permanently look alter their interests, ana f doa’ Know Dut he Would Have been so employed nad he causen to re Main; but ls intimate acqualutauce With ali Ug questions relating to the TREATY UF WASITINGTON, } and his porte Ability usw dipiosiat and state: man induced the President tamefecc nin as our re} resentative in Epgiand. General Scucnck 1s not @ rich man. He told Genera: Grant before he 104 cepted (n2 position that he was getuing oid; that ti felt tuat he ought to make sowie vrovisivn for vt age; Dut Grant was desirous tit he should go toe Engiand, and he weut. Li, as las beeu watd, UC had been engaged In speculacions ia TUN BaMA MINE STOCK ), what right bas any one to blame him? Thurmaty Colfax aud other Seuaters and Consressmen aud Governors Of States even all over the conutry a engaged tM money-maktay operanons of one ki or another, and they are nol ouy right, bub very sensibly in so doing, While, as T have said, 1 en. dorse Mr. Schenck in his eifuris to wake money, cannot say I unk mining stocks a safe mavestment,, aithough, from all f cau near, tits mune has pros, duced wonderful resuits, aud all that hes beeu said, 1n 18 favor is probably true, Yet, tor an imvestiment there are but threo sale Wigs, 80 far as my exp rience gocs— RAILROADS, GOVERNMENTS AND REAL ESTATR. | However,’ he continued, “whatever General; Schenck has done has veca done afier mature dee Atberation.”” ij “speaking of ratiroals,”{ sail, “where ts tha Northern ‘acific construction (tain at presenty? “About ten miles {rout te Ked iver, A es sate! Jost received iniurms me that the snow siorin h delayed the construction trai tora day. The en of the track will provavly reach tne Red River vy Saturday—249 miles west of Duiat ‘Two members of the Alexis Keception Committe were here announced and I wox my leave. 5 COURT CALENDSA—THIS BAY, SUPREME COURT—CHAMuERS—Hold by Judg@ Brady,—Nos, 69, 127, 144, idy 4, Y ; 174 Cait 175 oy B44, 18% 100, 165), 16h 1054 SUPREME COURT—Cinouit,—Adj eaten Adjourned tll Mon4 COURT OF COMMON PLRas. Journed tii Monday, Decemucr MARINE CouNT—TRIAL TERM — wat Monday RIAL Tae Part 1,—Adjourned at 4, Part z—ilelt by Judge Grogs, NOS. O01, O$47, 28S, TL1d, Udy TU2V, 620g eed Mee) eid ay bee TU23, TINT, Ti, T30d, OHI, 7568. WUE CUPS, ! ‘ eT ia RO UULUS,—Nod, Badd, 172, 8068, verte Land 2—Add will you tell me just de L