The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-02-07
Dollars, 1893. COZ 20

Dollars, l93,602 20
:. In the earlier period Of these Transactions Chat is,
from 1929 until the close Of ls34) Mr. Phillips not
in the habit Of noting the checks thus used by Mr..
Swsr~ ou, and he states that, from this circumstance,
and from The loss Of the check book Of 1880 and 1881
90 which have sdvcntd he is unable TO trace out
the particular items which constitute the residue OF the
cash Thus Withdrawn. The statement OF Mr.. Phillips,
giving the amount Of each check so drawn, will be
found among the documents Transmitted TO you here
with"
Again, SIR
!. will be seen tina, this deficit in the bond
first occurs in the year 1897 Shortly after its COM
mencement, Mr. Phillips the assistant cashier. kept
list for his satisfaction, he stated, OF large
number Of these bonds. which had been paid and the
money received by Mr.. Swartwout II amounts alto
gether TO 1897, 1891 So When the bond account
to be finally adjusted in the summer Of 1888, by Mr..
Fleming, the auditor Of the custom house during the
latter part Of Mr.. Swartwouts term, he received from
Mr. Phillips the original list thus made out aud kepsnd
found il 10 agree far it went with the deficiency
in the bonds which he had ascertalned himself and TO
which he had called SIS attention II fell short, howe
yer, Of the whole amount Of the deficiency in the bond
account Of the year 1887, and the first quarter Of 1885,
by Sl6472 So but the particulars Of this latter sum
Mr. Fleming obtSined, 10 make the whole amour
Of the bond chargeable to Mr. Swartwout dur
ing thai period, 1861 1904 81, as before stated. An
explanatory communication Of Mr. Fleming, relative TO
the bond account. together with the list made by Mr..
Phips.whl be found among the documents transmitted
toyou." 49,.
Again, sir; I refer to the statement, OF Ogden
himself, page At: .....
"NEw YoRk, Nov 8, 1888.
DEAR SIR Asfar my memory me. in
regard the difficulties Of Mr. Swarwout, should say
thst they began not long after his appointment col
eclor and that, from that period he has continued to
draw sums from time TO time that my assistant (Mr
Phlp) and myself have held frequent conversations
WI he I'M pf mpnp ytyhI he al
received aud that We 0ften when he applied TO us, urg
ed hun To endeavor to rulse money elsewhere he pos
sbl, could and not to draw any more from the bank
that. about four years since, when again spoke TO
HIM The subject Of the amounts supposed he had
received, he requested rs TO have interview with him
at his house that me; him sgreeably to appointment,
AID that he then assured he had done frequently
before thai ho dad doubt that, before many months
the peculao,s be had entered INTO would result such
way 10 enable him 10 pay oil up From that period
occasionally called his attention TO the balance due
unl the period Of leaving for Canada, [the 4,h of
August Mr.. Swartwoul sailed on the 10th day Of
August,
!" ] a,n, with great respect,
Your obedent servant
HENRY OGDEN
:" HENRY D GrLrrSEsq. Sohcitor d the Treasury"
Again, the statement from Phillips, himself:
"NEw YoRK. Nov. 8, 1888.
SIR Mr. Swsrtwout came into office $ collector
Of thefor, :" New York the lot Of May, 1929; and,
as lar as my rsmory servus, bat few months had
elapsed heo'e he commenced drawing money for hts
pr, WHICH lee ciinued for erIud Of nearly
nule Years, without any great ,ni. rnssion.
1T Is necessary, ~ order 10 make myself understood,
tn should state the III Which the business Of
the house Was oondut ted respect the nsn-
clal cocers with Ihe Branch Bank aud ait.rusrd wnh
The three depose banks, namely, The Mechanics Mau-
haitian, aud America, the receiving banks Tor bonds
for duties due the, u S.-the branch bank from list Nav
1920, TO 7th October, 1888; aud the deposte banks
from that period TO the 10Th May, 1887, 1.-The time Of
their suspension Of specie payments
1.-The bonds and the records being completed at the
custom house, were delivered to the banks, with a
statement of the amount, &c OF each, for which
celpt gwen Ivy the cashier with whom they were
plscedl for the amount received Tins was usually
done tnry DAYS previous TO maturity when II became
tho business Of the bank notify the principals Of the
to when payable. This bong done. the amount col
lected daily would he placed 10 the credit OF 5 Swart
WON'T and subject to his drafts, without particularzng
the purpose for which they were drawn which was an
invsrabe practice; and the same always the
In regard To all moneys collected through the banks
account OF customs during the period before satedand
he asaed himself of II as he required
" After the passage of the law which required that oil
sums OF 5000 and under, aud all danes on woolens,
should be cash. by directions from the Treasury Depart
ment II VAS ordered that the should be paid d.
rect TO the bank instead Of the custom house. which
done ny giving the importer certificate, which was by
HIN taken to the bank aud there paid and the signature
OF she receiving oiicef To the cetcate returned the
cusom house, authority for his RECEIVING hermit
for his goods and the amount collected daily placed
to the credit OF s. Swarwout, aud subject to his drafts
as before.
Independent Of the bonds, &c collected a, tho
banks large amount Of money received at the
custom house on deposite for duties merchandise
paynga specific rate Of duty, which considered in
suspense until the actual amount TO which liable
was ascertsined, aud the settlement with the parties
making the deposte, which, IN greet many instances,
did not take place for twelve months and frequently
longer which placed large amount at the disposal OF
the collector. as tho duties depose were placed
TO the credit OF tho .ulted States until the merchant
had made settlement. As the collections made by
the banks mp to o'clock d. appear on the books Of
the custom house until the following day. consequently,
IN making up the weekly account for the Treasury De-
parttncut o'clock Saturday the amount received
on Saturday would not appear until the following week
when the occurrence would take place in respect
TO that week, and so continue on.
..By reference TO the weekly returns made to the
Treasury Department, will be seen that large
were frequently retained under the head of due