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

sum OF such errors $3.50. Deducung this frOn
the aggregate above given, have remaining TO
the amount of 1913 l5 1927 81, of which the
mtee would have committed if they had made proper
Of the data before them.
These errors may be classed as follows:
l. Errors from regarding treasury notes. when funded,
as not reimbursed $s,l66,72s 90
Q Errors from taking treasury notes
funded, from stock book, instead of book
of receipts and expenditures l0,155,700 90
3. Errors from wrong statement OF
treasury notes reimbursed in October and
November 22.2OO 90
A. Errors from wrong statement of ex-
pendtures in the last three quarters of the
fiscal year ending June 30h, 1885, and
from combinations OF this with
those embraced IN the second and third
items 2S0,999 81
s. Error of addition 10000, 900 90
9. Errors from the omission of 1851, 900
IN the statement of stock issued under act
OF January, lSi7, up 10 Oct. l, 1877 4,5257OO 90
Aggregate of 81 distinct errors 49,, ISL 1927 81
None of the errors here summed up Git should be rec
ollected) are simply arthmeca except the 5th. They
all refer to matters of fact; and has already been OBJ
served, might each and every one OF them have been
avoided, If the committee had only made proper of
the data before them The fact that mistake of $247,-
100 in the amount OF treasury notes funded has led to
rors in the aggregate OF Sl055,700 is curious exem-
plifcaon OF the number and extent of into which
committee may be led by single in their prem
ises
Not less curious is the fact that the committee not
withstandng their the aggregate to
than twenty three millions of dollars, exclusive of the
of $l0,00o000 in additon erred in the of only
$780, 200 in regard to the amount of loans available on
the LIST OF October and the amount of only 1909 81
in regard to the deficiency the st of December Their
good fortune in balancing error by another, is GER
tainly remarkable.
'There are various other errors" say the committee
the different statements which compose the Secetarys
but which the committee will not now take time to
notice."
1t is easy TO say " there various in the Sec
retary's report; but single error have the commit
tee discovered therein, though they have committed
many errors themselves.
The committee proceed to say:
The 22d section of the of January 23th 1877 above
referred to, is in these words:
That shalt the duty of the Secretary of the Treasury
notes which have BEEN issued the provisions
this the and the in which redeemed
and the rsed stating lieu Of which redemption they
reued with the date Of such reissue during the preceding
year.
With the acquisitions of this section in the opinion of
the committees the Secretary has, in great measure, fail
ed comply true, statements l. X, and L., the
report the Secretary have the number and amount
of treasury notes issued under the different acts in ex
attention was not particularly directed to the subject
sra h hs
time specified. Such was the impression OF the commit
tee and such they viii venture tic, to say was the Ts m
close examination, however, and especially reference
the books of the Treasurer will show that large amount
have been issued in payment OF debts due by the
United States under the 4h section of the of January
2sth sH and though the amount OF those notes incud
precisely the amount that has been thus issued
without assistance from other data than that which is
furnished by those statements.
In statement have the amount Of treasury notes
issued monthly from January to November &c. 1877, in,
elusive but large amount of had been issued
the 1886 that statement does not exhibit the whole
amount issued
of the of treasury redeemed, and the
in which redeemed, the amount purchased, and
of whom, and at what time purchased Treasury notes
redeemable in three different ways: first by paying
specie for them when presented at the
at,nn fIpnp of and hllr
lands third, by funding them issuing stock in lieu OF
treasury notes. and thus withdrawing the notes funded
from circulation. AS the moneys received IN payment OF
ra, IN ,b pessru accpnn,S there Is no donB tbp
in which the treasury that cancelled at the
treasury redeemed ontemplated OF those
notes under four different specifications, viz:
''Those that were redeemed by the payment of specie.
"Those received in the payment of customs.
'Those received in the payment of public lands; and
"Those that were funded.
'In statements and M we have the whole amount of
used in the Secretays repo) under the different acts Of
Congress- during the year preceding December ISL ls47
ceived from the sales of public lands during the fourth
of 1896 and the first second and third quarters OF
received the Treasury Department of
customs during each month, from December 1885, to De-
embraced in statements and b. and partially specified
but, owing certain discrepancies that will be hereafter
mens what amount of each description of notes
tuay nded but in statement submitted in the annual
Congress from the Department that has the know
edge the conmittee is there any othe OF
treasury reimbursed by the payment of specie the
treasury except tar light be asceained by
parson of the above statements and then, for
already stated the could not be dis
covered. The law requires statement not only OF the
Of purchased, but of whom and what time
purchased In regard TO those latter requirements as to
whom the purchased OF, and what time pur
chased, the committee find no indication whatever.
"The law also requires a of the amount of
received stating in lieu of which redemption
they received, with the date of such reissue. Upon
these points the report of the Secretary is entirely SILENT
and furnishes the slightest information, by implication
or Otherwise
The committee are mistaken, both as to the law and
the facts First, to the law This section requires in
&c the amount of treasury notes which have been issued
under the provisions of this act" sc. The period for
which the information is to be given embraces the opera
tons of the "precedng year" What year, Certainly
the preceding calendar year, for that would have
closed before the act went into operation By law, the
the fiscal year, which, by the act of Goth August 1872
commences the lst of July and terminates the 3oh OF
June The Secretary then, is to give TO Congress the
operations under the act for each preceding fiscal year,
which would have brought the information required at
this session down to the LIST of july 1S47, and at the
from year to year. so long there any transactions
the treasury in regard to treasury notes under this act
Now the Secretary only required by law at this
sion give the operations under this act up to the LIST of
july lS47 but he has given great deal more in addition,
coming down to the st of December 1Si7, from aud-
able desire communicate the fullest information to Con-
gress down the latest period and if is complete,
the Secretary has right either during the present session
or at the session. to make perfect bringing down to
the latest period Now the report of the Secretary shows
that he has called upon all the heads of the several bu
reaus who have charge of the subject give all the inform
b,,t lo l,, fkott ar L.