Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1811-09-12
THURSDAY, SEPTEMBER IL.
For the .alerandriu Gazette.

sed the House of Representatives calling
on the Secretary of the Treasury for IN
formation i'm relation to certain bills OF
exchange drawn on Degen, Pnrviance q
Co. navy agents at Legkorn. MIR. Gala
tin made the report in February, ana on
the 2ist oftllat month. it was referred TO
Messrs. Swoope, M'Kim, Turner, Chit
tenlen and Smile, but Congress adjourn
ed without taking any order in the busl-
ness. Until week or two past. the re-
suit Of Mr.. Galatians investigation. with
the accompanying documents, have been
kept from public view. This circumstance
presents a contrast to the hurry WIN
which Mr.. Hamilton's report was publish
ed. not less remarkable than the opposite
and contradictory conclusions which they
respectively draw in their reports arc
difficult Of explanation.
EXTRACTS from .Nr. Gallatin's Report.
".aI the bills remitted by the nary de-
partmeat to Leghorn, from the t0th OF
MAY, 1905, TO 2ist February 1907, and
amounting together to S256,000 1cere plI''-
chased at par, or little under par, IN
Baltimore, and with the exception OF
bill OF $4,000, 7cere either drn7ca, or endors-
ed by the houses of Smith S Buchanan. or
Rollins G .U'Blair. With the exception
Of bill CT $4,000 drawn on Fred. De-
gen & Co. Of Naples, and RENTED to him
by the navy department.. they 7cere al
drnrcn on the house Of Degen, Furuaance
6 Co. and we're all rcmitted by the navy
department to Degen, Puryiance 4 70.
as Macy agents."
"It appears by the accounts OF the
principal drawers with Degen, Purviance
l. Co. as taken from the books OF that
house, that considerable shipments were
Made at different times to that house by
the drawers, who are debited in the said
accounts, principally by remittances on
their account to their correspondents III
London, and by the bills aforementioned
sold to the navy department. 1t happen
ed, horcerer, that for the last dra7cn oils
of that description, proriS'oi' 7cas not
made, i'm time, at Leghorn. by the dra7cers.
That they attempted to do it, al least m
part, appears from an item OF about n'ne
hundred dollars, credited to them on the
18th January, 1897, by Degen, Purvianee
& Co. on account of the proceeds Of
sundries saved from the wreck OF the
"Polly and Nancy" They appear, how
ever. to hare ultimately been in debt to De-
gen, Purviance & Co. on account OF the
acceptance of these bills, beyond the funds
actually placed in the hands OF that house.
In a sum Of dollars sIxTY-sEyEN THOU
SAND. NINE HUNDRED & TWENTY-FIVE,
including interest, Of that sum fire thou
sand screen hundred g ninety seren dot
lars are credited TO them by payment
made by Samuel & w. Y. Purvianee; and
the balance, amounting to S62,125 is stat
ed in the said accounts to hare been repaid
I'M the druacers in the U. States, TO w. I.
Puryiance, one Of the partners to the
house of Degen, Puryiance & Co. ri
,ybnt time after the bills had been sold to
the navy department. that repayment
was made, is not distinctly stuffed, but it
must have been before the s0th Septem-
her, 1907, to which day interest on the bG-
lance is charged by Degen, Puryiance &
Go. to the drawers"
aIn relation to persons indebted to De-
gen, Purviance & Co. G. Degen Of Leg
horn. exhibited balance sheet. in which
several persons. residing in the U. States,
are stated as such, but none of them has
acknowledged the debt, and there is no
evidence of it on which salts can he iRsti-
tutsa. The drawers Of the bills having
3 Maid the balance they owed to ID. p. & Co.
toW.Y. Puryi.lnee, in Baltimore, Su6se-
auent to the dissolution Of The honse, and
at a time schea it seeaRst that The said fnr-
riosce had formed another conHerion !;
and he being represented by his former
mariner as indebted to the late house of
Heeen, Puryianee & Co. a question arose,
whether the payment THUS MADE by the
drawers could be considered as legally
made to ID. p. 6 Co. OF whether it was
not made at their oscn risk to W. Y. Pur-
yiance; in which last case, the balance