The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-09-05
ANoTHER NEUTRALITY-SUSPICIOUS..

ANOIHEH Observation-Disclosures
The Alexandra Gazette seems striving for the
palm in circulating and originating Measurements as
regards the Treasury Department. But few days
since, we had to correct IDS gross msstatements as
to the Secretary Of the Treasury in regard to the
Secretary of the Senate and Clerk Of the House,
Those calumnies were silenced by the published
letters Of Mr.. French and Mr.. Dickens. Yet
notwithstanding these exposures, the Gazette is no
sooner convicted Of one Misrepresentation than il
originates another Wecopy from it the following
editorial article;
From the Alexandra Gazette, Sept
ovERDRAFTs
"The wing press and It's scnbblers are again mis-
representing the Secretary Of the Treasury. The
department has made no dram upon any depository
Of the public money where there were no funds to
meet them" Linton, August 29h.
In answer to the above, il is only necessary 70
give the following statement Of the account Of the
government with "the Canal and Banking Com
pany Of New Orleans, Louisiana" as published
officially in the Union Of yesterday:
Amount on deposite s776,9ll sc
Drafts heretofore drawn, but not yet
paid, though payable l,57o,2S9 As
Amount OpsrdbaVn s799,s77 70
In addition to the above, however, we may as
well add the following which we find in letter frorn
Philadelphia to the New York Express:
Upon arriving in this city, yesterday, from
Washington, heard among business men, at the
Exchange, the greatest complaint against the Secre
tary Of the Treasury for drawing drafts for much
larger sum, on one of the banks here, than was on
deposte. The draft was honored by the bank and
the credit and character Of the government saved
from the disgrace OF protest Yes, one Of these
wicked, monoPolizing, mammoth, pet banks per
formed this kind Office for the administration, and
paid out as learn, not only the last shilling Of the
public money deposited in its vaults, but good
many thousand dollars beyond this sumw Com
ment Is unnecessary.
Now will not our readers be amazed TO find that,
in the very official statement Of the Treasurer from
which the above is extracted, il is shown there
no overdra In the official statement Of the Treas
urer, published September I'd and 81 in the Union
and Intelgencer, in which the above figures are
given there is also given, part Of that statement
the following:
Transfers ordered to the Canal and Banking
company, New Orleans, ss27, 500" Showing that the
transfers, and which are always issue in time to
meet any draft would leave a large surplus to the
credit of the treasury. These transfers, as from
New York, for instance, this case are heard from
as funds actually RENTED by those banks to the
Canal Bank at New Orleans, before the draft on the
latter is issued, and in time always to meet it, but
do not appear in the returns Of the bank until the
next weekly returns We repeat again, that no
overdra ever has been made since this administra-
ton came into power We say again, the Canal
Bank never has been in advance to the government
one dollar; on the contrary, the government has al
ways had large surplus to its credit in that bank
and still has large surplus there. We herewith
append the weekly returns Of this bank, made by
itself to the treasury, showing the balances each
week to the credit Of the government down to the
latest return received.
frat deposite made in the Canal and Banking
Company, New Orleans, December
Is, l645 So, 900 90
Balance to credit Of Treasurer u. s.,
per bank statement dated December .