The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-06-23

available on The list of December, ls47, they make the
report of the Secretary (hey should have SAID table H.
as prnteD to differ from the true account as follows
y Pano,t ~ secretary $9O2, $50 SIS
Rsnnrt IF committee 609,6o0 So
Difference 293,s5O 90
While true statement would be-
Table II, as printed $sO2,9oO 90
Table H. as corrected s57 300 SIS
Difference 1850 90
Here the error OF the committee 1898 $780, Tess 45.e5o,
- $247,7
Aggregate of errors in this tabular view of the com
Table of the committee processes be statement
exhibiting the amount of stock and treasury notes issued
under the of July 90, 1885, from the st day OF july
1916, to the LIST day Of December. ls47;" ,,.,
In the fifth ne the of such notes re- aoa SEQ
(not funded) is said to be So'~9o''oo
The true amount, according TO the book .o.o
OF receipts and expenditures is o''44'S'o
Error n;o,s 2l7,7Oo
This error leads the committee give the nett amount
of debt incurred by the OF such notes and stocks
up December /, 1s47, as being $S'Sso'S99 40
The true amount was o'if~'o'' ~
Error Dl.s 247,7oo 90
This error on line g. leads to another error of the
mttee on line where the amount available December
j. 1917, is stated to be $oo9'oOo 90
The true amount was SoI,3oo 90
Error minus s247,7OO 90
In line H. the error on line is repeated by the commit
tee that is to say the amount OF notes reimbursed not
funded) is said to be $3,296,o5O %
The true amount is 3,544,25O 90
Error minis S247,7oO 90
This leads to an error on line 49, where the amount of
nett debt incurred by the issue of such notes is given
as $4,39l,25 90
The true amount is 4,l43,55O 90
Error plus s247,7oo 90
On line 10. the amount of such notes funded is said
tobe $3,22s,s50 90
The true amount 2,9S0,65O 90
Error plus $247'7oo 90
Line 10, the stock issued funding treasury notes is
sad to be $3,22s.35o 90
The true amount was 2,9s0,650 90
Error plus $247,7OO 90
Line 30 the whole amount of debt incurred under the
act OF 1916, is given at $9,39O,399 40
The true amount was 9,l42,699 AS
Error plus $247,7oO 90
This is followed the part of the committee by a
statement exhibiting the amount Of treasury notes REIN
bursed of those which issued under the act of July
a. 1876 from July l. ls!e' to December l, lS47"
peated of representing the notes funded at 90
While the true amount was 2,9S0,650 90
Error plus $247, TOO 90
This leads to an OF the committee in the next
line in which the amount of such reimbursed, be-
sides those which funded is said to be $3,29655o
Instead of the true amount 3,544250
Error minus 247 100
Besides these errors the following should be noted:
In subtracting the sum contained in line from that
contained in line 9, there is plus by the commit
tee of $50
In line 10 of table A, the committee give what they
intend should be regarded as the true difference be-
tween the available per table II, and corrected
statement $293,30
The real difference is 1850
Error plus 2i7,7oo
In line 81 they state the amount available at $soseoo So
True amount $4,000 SIS
Error minus 247,7OO 90
Aggregate of of the committee plus and minus, in
table and accompanying statement $2,e7245o
In relation to table Of the committee it is further
worthy of remark that they herein contradict doctrine
which they themselves had laid down in the tenth para
graph of their report. They therein say:
Treasury notes redecmabe in three different ways
nry second by receiving them in payment of customs
and public land third by funding them or issuing stock
funded from circulation"
But here in table A, they say sol those, the Of
SO $780, [meaning thereby the notes funded, which
took no money out did not diminish the Indebtedness OF
the treasury and therefore should be deducted" And
they in the next ne make the "amount actually relm
bursed" consist of such notes only as by their
neous calculation, had been redeemed by receiving them
in payment for lands and customs THUS the committee
contradict themselves at one time affirming that treas
nv notes may be redeemed by funding hem and at another
time denying that they can be so redeemed.
The committee having from the whole
amount of notes reimbursed $6524, 300 90
Improperly deducted the amount which
they enormously supposed to have been
funded 322s, $50 90
Have here committed an error of 3,2s6,55o 90
stated 2,972,45o 90
And we have as the fair aggregate of
errors in table A the of 100000 90
In table b. third line, we have the statement:
amount of stock issued for money bor-