Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1841-02-02
INSECURITY OF THE sUB-TREAsURY sYs-
TEN

principal objection to the Sub.Treasury system for
kespna the public monies, is insecurity; and the prob.
ability which exists Of the Receivers making use OF the
0ooey Of the people for their private purposes
10 find instances OF such breaches of trust /, is not
neesssaty 10 60 10 any Of the twenty three foreign
1onarchlcs' whose example Mr. Van Buren, was SO
ready To follow. There have occurred IN our own
country sufficient, number OF causes illustrate that
point and 80 convince the most ncredulous, of the in
0eeuriiy OF the system
n The present Secretary OF the Treasury made las,
year report to Congress OF the whole number of pub.
he dcisuhers m the United States, from the orpaniza-
non ri the Federal Government % the wear 1896 -
From which appears tina, itco thousand and sIfy dis
eursing officers have betrayed the reposed in
them and dorauded the people oui Of s4,g56 600 in
period OF fifty years. The whole number OF collectors
Who have proved deiauters during the same period is
ISL the total loss O5s, 900 including the dcfal
cation oi Ssartwout, which Is million and quarter
more. Neu come the "tascally posmasiers," TO the
sumler OF G2h. and whose detscsons make the hand
.um Of s377 900 The grand total of all these
detslcatiOns is ss,6 22 600.
To place the insecurity 81 the Sub Treasury system
IN as strong light as possible, the following instances
will be OF service
In the year ISL, occurred the case Theron Rudd
elefk Of the Dstuc, Count Of the State Of New York
He was subreasurcf, for he had the custody Of the
onet belonging the suitos ia that court both pub.
hc and prvae, Al the lime referred TO, Rudd had IN
his custody large amount Of money belonging TO pr.
ssis individuals On pnri, and m pau 70 the L. State.
u vas MT forthcoming In the wear ISIS, the subject
" hepfcseula-
tives and lie follow ing Is the concluding sentence OF
tie report vi thr committee 60 which the subject was
,feicued.-~By all which doth appear 10 your CON.
niiee ihh The funds OF the ha,e been faith
fvy applied. bot that they have been grossly and
nefafiaus.y pufioinet.' Tie amount due lie United
States thus putluined ~ Theron Rodd was so 900.
% Pn'aie claimants, So 900, making sum total OF
tile.oOO.
In the year 1854, John Nicholson was clerk IN one
81 the pohhc Offices pa Pennsylvania lie was noted
for has inlegr,y, hs assduil, and hi, capacity lie
vas Afterwards appIiaied comptroller lie was en-
tfused Wi'h the Pubc moaeg ahi with public sccur.
ties. "a les, uian ten years he found 10 be a De.
faolisi % TIE sm9uu, Of more lhAn 100000.
In i-os cehetai John Preston Was appointed Treas.
vrer OF virginia. and appointed every year sue
eess'seiy ungl 1919. OF General Presioa's malversa
sson "a oitce no suspicion had anSea "a any quarter
oniil shoai Christmas, Isis He had ALWAYS been es-
lessned man o. spoirss lnissuty and hoaof lie Mas
sn eass eresstAnoes u sample aud frugal habits sad
spf'afeoty free from Any SFous pzssi3n ADD frum ey
ssy uoe that ooud ofsnd against good morals or good
sosnnsrs Al ths termination Of b., public service as
~sasSs' as va, .soSi e. year, Of age The asi.s-