Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-05-23
REPORT
of the Secretary of the Treasury, IN compliance
wnh resolution Of the Senate.
TREASURY DEPARTMENT,
REPORT

May 18th, 1884.
s,n. Tn pursuance of the resolution o fthe Sc
nate dated the 5th instant, directing the Secre-
tarv of the Treasury to report to the Senate
whether any of the Banks when nave Iecenly
failed in the District of Columbia had, on depo-
site. or otherwise in their possession, any OF tne
pnblic money, and, if any, how much, at the
inc of their failure.n I have the honor TO state,
tina the Bank Of Alexandria has been useo as
tbe denosite Bank for the revenue collected at
the port of Alexandria, for many years past,
and, atthe time it stopped payment mao IN pos
session, on d~eposite, to the credit OF the lreasu-
rv of the United States, the sum oftWenty-seven
tbousand five hundred and twenty-eight dollars
and eighty-four cents, ($27, 1913 84,) and to the
credit of the Collector Of the Customs for the
District of Alexandria, the sum oftwo thousand
eioht hundred and nineteen dollars and thirty
four cents, ($2,819 34.).
There appears to be, however, no grouno lor
apprehending that any part OF this sum IS 10
dancer of being lost. The Bank, 1t is under
stood. has abundant means, out of which the
debt may be satisfied; and measures VIII De Ia,
ken to recover it, if satisfactory security be not
promptly given by the Bank. But assurances
have been given by the Cashier to the District
Attorney. that the security will be placed in the
possession ofthe Department without delay.
1t is proper to add, that a few Gays before the
Bank of Alexandria stopped payment, tEe sum
Of $3,437 so was deposited IN that BANK 10 uhe
credit of the Treasurer of the U. States, by the
Corporation of Alexandria, on account or the
loan made to the Corporations of this District,
under the act of May "a, 1923. But as the draft
of the Treasurer on that Bank in favor OF the
Bank Of the Metropolis for this money was not
paid. Il is believed that the United States are not
responsible for it, and it is therefore not lncluo-
ed in the sum above mentioned.
The Farmers g. Mechanics Bank of George
town had, on d~eposite, to the credit of the Trea-
surer of the United States, at the time it stop
ped payment, the sum of sixty thousand dollars,
$3.50, O0O.) But a like sum has been advanced
by that Bank to the Paymaster OF the Harpers
Ferry Armory, to enable him to pay the work
men and carry on the works at that place, IN
anticipation Of the regular appropriation. S
that appropriation has now been made, the Far
mers' and Mechanics Bank are entitled to re-
ceive the money they have so advanced; so that
there is nothing due from that Bank, as appears
by a copy OF the letter of the Secretary OF War,
herewith transmitted.
There was no public money on deposlte or
otherwise to the credit of the Treasurer, in any
| Of the other Banks in this District which have
recently stopped payment.
The report ofthe Treasurer, hereunto annex
| ed, will show that $4,000, belonging to the Ma
w Pension Fund, was invested in the stock OF
the Bank of Washington, at the time that Bank
stoned payment; and it appears by the letter
of the Secretary of the Navy, herewith trans:
mltted, that this investment was made in the
years 1911 and 1917.
have the honor. to remain,
Very respectfully,
Your obedient servant,
R. B. TANEY,
Secretary Of the Treasury.
The Hon. the PRESIDENT OF THE SENATE.