Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-11-14
Correspondence Of the BALTIMORE American.
WASHINGTON. Nov. IL, 1876.
The sub-TreasUry Law---How II

IL would make record Of curiostes rich and rare TO
trace out by all the operations under the
ury law since its brief by Congress You may
daily hear Of the positive violations OF on the one
hand, attempts it great costs to the Gov
ernmen and look where you will, whether at Washington
or New York, at New Orleans the Of war; still
The law Is openly violated obeyed but in part have
been assured by officers OF General Government who
compelled under il. that the wit Of man could
hardly have conirived the framing OF obnoxious.
expensive or embarrassing measure. Some of the opera
tons under the law you have stated sresdy and the fow
ing embracing substantially Of detail may serve fur
Their show you the character OF this new sGperme nt
an unTied exPedieni" As II was originally cnr,ensd by
its great Governor Wright, of New York-who
by the way, now has his reward
Ga the sI Of October last the Navy Agent Of hi. city
made requision the Treasury DEPARTING ntfor 600
the expenses Of the Navy Yard, officers &c The
Navy agent psd Of the strong box Of the Co
vernment, nor from tho Government deposcrs here one
OF whom then held Government funds the Of more
than four hundred and forty thousand las-buti draft
New York. The Navy Agent could get specie for
his draft here and The Treasury law would allow
him TO take bank bills hch could any moment be con-
yerted into specie Nor can he even receive draft from
Bank He is, therefore, compelled 60 N. York with
his draft in hand, and is accompanied by another person
under his employ, and who required guard
the specie which he draw Al New York he finds he
well the specie. and the notes
OF one Of the DePose Banks which brought city
OF Washington The Navy Agent presents himself
the Banks here and requests that specie will be given
him for his New York notes. With these notes il is not
easy procure specie, and the New York notes are
paid the Purser. who them officers and
men who are in Government employ. These are f.
nay paid away, and great favor OF the Banks
here her own notes in exchange for New York
in small sums The Navy Agent in the mean time char
the Government for his expenses and from " York.
obtain Government funds for the expenses Of the Wash
inROn Navy Yard, aud the penon in his employ is allowed
55 for his services intended guard specie This
is much like custom OF Mexico, and the official paper
is fond OF referring certain Mexican party" that
commend the fact to its consideration.
One other example let me give you The Secretary OF
the Treasury, you remember left Washington on or
about the first OF October last upon the very successful
mission of cheapenng the interest Treasury notes.
His when he left here that he might almost
realize the fable Of Midas the Phrygian King. Mr. Walker
presented himself in Wall with thing like the
aspirations of Midas before Bacchus He wished his
suy notes converted into Gold and 90, agreeaby his
model might have run his petitions
"Give me-" said he. thought he asked too much,
That with my TieGsuy Notes whate'er tend,
Changed from the nature which they held Of old.
May be converted into yellow gold"
Whether Mr. Walker thus prayed notI will not say,
but it is certain that he long absen from his
post-thst his mission ayaled him nothing, and that the
Government is in coed credit. While Secretary of
the Treasury 10 New York the Purser OF the
Constitution, just in TO this city for funds pay off
the and other ship expenses which amounted vo
hundred dollars day. This Tequisition laid the Trea-
suy Department eight days awaiting the return of the
Secretary The President then conferred the appoint
men OF Secretary temporarily upon Mr. Young, who sign
ed the requiston and the money then paid but
until four thousand dollars had been ost by the delay
Other acquisitions TO the amount OF eight hundred
EaHd dollars and in the form OF remittances for the Army
were laid for nine days.
No longer since than November 4th the Navy Agent
here received on his requison draft the Mint Phil.
adepha for thirty thousand dollars. To obtain this mon
IL is found necessary visit Philadelphia and not sin
gle handed. Accordingly the Agent with his companion
starts for the city Of "BOthey love- aud with his
specie well guarded and safely delivered The oi
transportation is the travelling expenses Of each person. pc
dollars for each besides dollars day for compensation
than two per cent upon the received The
Transactions the South indeed have much more
than ths but from the facts hand you may have
better idea o. the practical operations Of this most
foolish and embarrassing scheme. cannot doubt that
Of the first Of Congress will be the repeal Of this cd
Gus measure.