Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-11-22
THE REPORTED DEFALCATION IN \
YORK

From the Ner York Ercaia2 Posi- Nor. IL
Great surprise and much conversation las been
ocCasioned in tie city Nv certain circumstances
/ which have taken alr since Saturday. The interest
which Is felt in the State election IS almost swallow
ed up rhe disclosure af the enormous dcflic lious
| OF Mr. SnAHr~our, the late Goectoro Of tbs port,
who has prudeutly withdrawn himself from this
country aud IS now in Europe. They are said 10
exceed million and ahaifof do'i3rs, and warrants
have been issued asa.us. ms suretlcs.
from Tie Courier anil Enquirer, Nor. IS
! We pretend to know nothing, either Of the cor
reetness OF lnaccuacy 81 the above statements but
THIS do know, that MIR. SWAkTwour is absent
from the county, and lar from there beng any
ground for the Insnuation Conyeyc ed IN the remark
| OF the Lucoioco organ" that he has pfudentlv
Withdrawn hmseil'-Mr Swartwout is daily ex-
pectcd to return, his friends look confidently TO his
arrival IN the Great Western, which vessel must now
be shores. 1t Is due to him, therefore that
hls be preuda ed. and that he have the OPP
portunIty 10 make himself heard
Arguing on this supposed dealcaton, the Post ar
fses at OF the most pleasant onclusons of which
we have any recollection. In 1t the Post discovers
proof that
The system ofdeposite ntha great ational Back,
The system OF depo,lte with the State Banks,
The special deposlte system,
all important and Intellectual to prevent the Grim
mai abstraction aud improper Application of the
public money and that, had the sub Treasury i'll
!
will now be lost 10 the nation, would have been
saved
We should be very happy to know how the sub
Treasury bill would prevent a sub Treasurer up-
pointed under It rom improperly applying the pub
lie money when he received it, instead of eposItino
tin the strong box Coutemp lated by the bill OF Grim
inally abs;racing 1t thence after he had placed it
there. rs to strIctrr accountability none can he
devised more stlcl Ihaa at present and as TO
amilcr security could, III common reason, security
In, 4 4 ..I a..
ton which the Post says amounts TO million and Il
quarter ldollars
We had SUPP osed that The ground on winch the
sub Treasury bill was put forward was that the pub
Inc money was unsafe in the hands ofany four banks
and that the receipt and expenditure Of the public
revenue IL specie would give sound basis 10 paper
currency his was Absurd enough, to be sure, but
not SO absurd as this beauty ia tie measure
which the Post has discovered
From tle " Y. Ereaag STAR Nor 49,
ALLEGED DEFALcArIoNs.-1'he public mind was
considerably excited yesterday at an open and broad
declaration OF the Evening Post. that Mr.. SMART.
WONT, the late Collector Il deaulter to Govern
ment to the enormous amount of a million and n
quarter 81 dottars, and that he had left the country
Any one familiar with the mode Of transactlng public
business al the Custom house, the checks and bal
anees, and monthly reports must be aware thai de-
lHcatIon 10 an amount enormous cannot posi-
bly, be true.
u 20
rector and every bond III his possession are charged
I" ms account, and when the bond is paid and the
money drawn Ton he is credited by the amount. An
immense number of bonds IN possession Of the lale
collector, yet unpaid Is charged to him and we
nave understood, what Is il common Occurrences
lhat he retains IA his possessions sum 20 meet the
result OF certain United States suits now pendpg A.
SaIhsl nm. We are aware OF The fact thai Mr.
S"ariwout entered INTO large speculatlons of real es
'a'e ana coal and copper &c. &c. which. bv
ine arrangement OF the currency and exchanges,
nave not realized the anticipated profits. This prop
e''y he has on hand, and Is employed in Enc- /
ia"d IN ciofs 10 SELL besides other pccuniafy OBJ
eiauons Ga the fnal settlement of his accounts.
we do not believe he wd fall short $500 600. and
ne has property 70 hsI "A million TO meet it, He is
expected back IN a few days, aud we are satisfied
mat the Government and his sufeties will exneli-
ehce no loss III the sequel.
We be'ieye ilai large amounts. on account Of the
Government oil Texas, were accepted and paid by
'lf' H"art"out, every dollar of which Is safe :and
we aiso know the fact that far from considering
IinSei deiaaitcr or attempting 10 quit the coun-
n.y. he ACTUALLY considered himself worth million
ana d h7j' oil dollars when lie sailed for England.