The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-07-08

We find the following article in the Alexandria Gazette

We find the following article in the Alexandra Gazette
of yesterday:
6 The FINANcEs-TnK TmREE MmLroSs--By the Treasur
night we learn the amount OF money in the treas
ury, subject daft, the 2st ut Sc 1876 60
il is officially stated was SIssIs O99 81 Of which sii 2ss
600 the under the ofthe 2sh January
:" 1t appears from the Treasurers statement, that spite
of the sub-treasury law, the scay banks still have be-
tween 100000 and S2ooOO their clutches and though
they We're ordered some three months since to transfer these
deposites TO the constitutional treasury, the order
does not appear TO have had the slightest attention paid
face, they have done in every monthly statement fora
year I pa a hap m & IN n which
far 70 convince us that the famous three millions
haps by this time, that of Santa Annan the shape OF
treasury drafts We allude the subreasrrer
dollars while there is OF any transfers order
ed to the overdrah We cannot suppose that the
an amount on point where there are no funds TO meet
Them, and where no considerable revenue acernes, If there
the same space of lime ordinary drafts, without making
some provision to meet Them Hence DUR inference"
There is, it is true, very small and constantly dmin
shng amount yet in the banks; but not dollar, the
Treasurer states, subject to draft If persons holding
drafts any bank have not yet presented them for pay
ment tits certainly fault of the Treasurer he
compel them to present them, nor would it be proper
draw out such moneys on any new draft, and thereby
leave the old drafts without money to meet them No
bank holds dollar of money subject to draft and this
clearly appears the face of the Teasures statement
AS regards what the editor says of 'the subreasuer
at New Orleans being overdrawn nearly three mil
lions OF dollars, while there is statement OF any trans
ers ordered to the overdraft, any merchant
bookkeeper looking at the account would understand
at The statement its face pupors to be "by
turns received to Monday, 2lst June, ls47."
The statement as follows the Treasurers report
Assistant treasurer New Orleans, $2,s53,s3l 9s
drafts; amount deposie al4,O66 "a drafts hereto
fore drawn, but not yet paid, though payable, including
TRANSFER DRAFTS, $3,057 sos 3D. The statement does
show that amount sufficient to all the drafts on
New Orleans had been transferred, and in ample time to
meet the drafts; and assert that no draft any de-
posay has been issued, unless the funds deposit
ed transferred in ample time to meet it and this very
money since the 2ls june 1S47, has arrived, and been
deposited in New Orleans before the arrival Of the drafts
and in ample time to meet them The accounts have al
ways been kept in this way since the government was
founded and in the nert return, the actual deposite
under the prior transfer will appear And it would be
impossible to keep the accounts, or transact the bust
OF the government in any other way; for the drafts
need not wait until the return OF the deposte which
would occasion great delay; but the transfer always
made in ample time to meet the draft We repeat that
not dollar Of the three million appropriation has been
paid out to the Mexican government, TO any function
airy of it, and cannot be paid, under the law until
treaty is ratified by the Mexican government.
Did the alexandria Gazette" ever read Tom Jones
He will find Fielding giving as text to one of its chap.
tiers something like this: "Showing how a man may
write little better upon subject OF which he under
stands something"