Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-03-04

nothing further would remain be received from that source
Now, sir the question s whether the receiving these Tea
sury notes at the and land Offices instead Of
gold and silver in any way increases the available amount Of
this loan. 1t most clearly does not When they
ceved they received in the place Of gold and silver which
ceyed the very best thing which be done with them is
to negotiate them the very next day for the very gold and
silver which would otherwise have been received from the
payer OF duties These Treasury notes far pay
of duties, &c. concerned kind Of paper
money, and il would be just absurd for bank suppose
that gamer have the debts due paid in its
bills instead Of being paid in gold and silver that the gold
and silver woui not DO available to the bank its
promises to pay There many other suggestions this
subject which show the utter absurdy Of surprising that form
Of paying the bills into the house. instead Of specie,
at all increases the available Of the Government
If there had apparently been dense fog surrounding
this subject, grevous confusion Of ideas which
have been cause of the successive and almost incredible
errors OF the Secretary of the Treasury should not most
assuredy have argued plain proposition. If however,
correct thus far it is not at oil necessary for proceed
step further to show that there is the mistake which
have above REFERRED ard which will require increase Of the
loan bill some and half millions Of dollars.
There have BEEN however, succession of bunders this
subject in part connected with the statements have already
made and growing oul Of them, aud in part of separate and
distinct character and showing the be far serious
In amount 1t is not the have taken of the subject,
and in order arrive these results important that we should
be successful in exposing correcting these bunde may
however, be very important and in view of the adyer
isement Of the Secretary for proposals for five millions Of
Treasury notes. of the practical interest expose
other and serious errors.
The Secretary the amount avas of Treasury notes.
have already shown, during the year 1916 and the first
quarter of lS47 and the estimate Of avas from the
quarter, as follows:
Avails Of Treasury notes during
year ending 30th June, l847. $25, 679, 1879 as
Deduct redemption of Treasury
notes during the year.. 2,S6l, S97 OF
--$23, 81, 500 3S
Avails of Treasury notes for
quarter ending LIST October,
1S47. 6,9l5,07S 90
Redemption of Treasury notes
and Interest," .-............. 2,3S5, S29 %
--- 4,529,74s 81
Estimated ayals of Treasury notes and loans
for year, in report 6,265, 294 SIS
s4,lsa, sls 80
Deduct from this amount the Of loan $500 90
1,1sa, s4s so
II thus appears that according his showing, there
greater received from this loan and estimated for
this year. than the whole Of the loan by than million
dollars Perceving this discrepancy Iappedto the Register Of
the Treasury for explanation of the difficulty. The result
Of this he has given me in the following statement
Statement explanatory Of the Loans and Treasury Notes
authorized By acts Of 1916 and ls47
Amount received for Treasury notes and loans,
under acts of SAC and 1847. during the fiscal
year ending soth June, lS47, per secretary's
Deduct Treasury notes redeemed under of
n 1916 and 1S47, being part OF the sum of
S2,56l, 1877 OF, included under the head of
reimbursement of Treasury notes for same
year, the difference being for notes redeem
ed under other acts. aI677oo 90
2s,sI1,4so As
Amount received for Treasury notes and loans
during the quarter ending 3oth September,
lS47, omitted in the financial statement in
Secretary's report, but contained in the table
referred in that statement. 6,915,078 90
S0,426, 5T IS
Deduct Treasury notes reimbursed under acts
OF lS46 and ls47, being part OF the sum OF
So, 1856, S29 63, included under the head of
redemption Of Treasury and interest,"
in the same quarter, the difference being for
Treasury notes issued under other acts and
interest. 2242s50 90
2Sis4, 227 as
Deduct also Treasury notes redeemed and
funded issued under acts prior to act OF 22d
of July, is46, also part of said sum of
S2,3S5S29 63........ 67,622 w
2s,ii6,6o5 As
Deduct also the amount of Treasury notes is
sued under Of SAC and 1Si7, which
we're in the hands of the accounting officers
the LIST October 1S47, and covered by
warrant, but which when covered will
make the charge against the Treasury equal
TO the notes converted into stock received
for public dues Observation-Disclosures. 1,4ol, 900 90
26,7l4,7o5 As
Add amount of Treasury notes and stock avail
able for the remainder of the fiscal year end
ing 30th June, 1848 see statement G
companyng Secretary's report .....! 6,2SS,294 80
S3S,ooo,ooo 90
DANIEL GRAHAM, Register