Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1839-01-31


brief paragraphs what we have further ;" Nw
upon the subject Of the Annual Report ~ T ' '
Secretary ofthe Treasury TO Congress. '"'
OF THE UNAVAILABLE FUNDS
In the statement of the unavailable G,.,,
in the Treasury, we have an item of I Oooo oo
due from insovent banks before 1887. 10y"
show more at large the danger oftrustinc So,T 70
with the public money, there is annexed =, oa vac
report tabular statement of the uartic,I.."1rc
these balances due TO the United States ar,oO'
banks formerly repositories Of the public mo no
IN order to show, we suppose, what drooJGJ
thing it is 10 trust public money in de "~.u
with those naughty banks, Looking ove r', ,he
list, we find that tho money is due from ,won '1o
one different banks, the chief debtors heinz ny
Bank Of Columbia, the Bank of Vincenness Nv, ,ho
Bank Of Steubenvie, the Bank of Mi,sor"; NY
and the Tombeckbee Bank. The appr.g,,ons
the balances due from these twenty.one /, H.
lis $i,075,954; and the wonder is, not that ri.
amount is due from them, but that the Adm
stra,on Of that day should have ever trustt1
them at all. 1t should be remembered, in ms
tice to the memory Of Mr.. CRAWFORD, however
that he undoubtedly had received strong assn.
RANGES Of the souhdness and honest dispositions
of the managers Of these institutions from Der
sons whom he supposed he could rely upon.
The purpose of our reference to this very
particular enumeration Of delaulting banks i, 10
found upon it the inquiry, which appears to US
to be entirely pertinent, why this list Of delaul.
ters (Which has been sent TO Congress at least
twenty times within the score Of years that has
elapsed since it orignated) should be thus prom.
inently placed before Congress, whilst the a.
mount o. defacations in other repositories Of
the public money is carefully kept in the shade'
The amount off single defalcation o! this hind
recently discovered (of which some account
will be found in our columns today exceeds,
by only quarter Of million, the Aggregate Of
all the losses by the State banks! By this sam.
pie, let the reader Judge what revolving
mount ofde(acation would be presented, ifwith
the same industry as in the case the bank,
the whole list Of dofaulting Collectors, Raccv
ers, Postmasters, and other officers Of The gsna|
Sub Treasury, we're paraded before the eyes
the People and the Peoples Representatives.
I We have no precise notion OF what the amour
: might be; but from what we have seen, we 10
cline to believe, that, il all the sub Treasured
were brought to an account, and the balanced
due by them added 10 the defalcatons aready
+. ascertained, the aggregate sum would mount
up towards Ten Millions Of Dollars! WhyI
r then, has not the Secretary of the TreasurI
furnished TO Congress list Of the delauItn9
individuals who have been receivers orthereV
enue, as we'll as ofthe defaultng banks? Sm
a list would be of especial consequence jusnoVI
wher it is proposed to substitute this class d
repositories ofthe public money for solvenlani
responsible banks. With this list before
not TO speak of other irre(utable arguments
gans the sub Treasury scheme, the qucs'r
gifts expediency might be resolved into
panest possible sum in arithmetic, which an
school-boy of the fifth form could work out,
thus: ifby one class Of repositories the Cover
ment Iosos, in the course Of thirty years, oI
million Of dollars, and by another loses, with
> eight or nine years, ten millions Of doIIa'
which ofthe classes, the first or the lasi,H
be preferred! The first undoubtedly Ion
lone,