Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1849-08-16
POLITICAL.
From The Richmond Wing.
THE DENNY ZION.


We copy from the Republic certain paragraphs which
throw some additional hight npon this transaction. There
ARE more Developments yet 10 he made. The whole
affair has not bnen laid opeh to the public gaze. The
Uonn Of Tho 2nd infant, Promised IN day or two to
1--WE the details Il has not yet redeemed its ptomse.-
The public await them with great curiosity.
One fact, and that nm important one, Is esabshcd--
that the original agreement OF the parties contemplated
speculation with the public luods. IN direct violation II
tho law. This s stated by MIR. Osboroc himself. by
cypress understanding' {wiih whoml Mr.. DENLY
the Navy DeparimentD he was Che says) to have the
of The funds MI called Tor. Now his. according To
understanding is directly IN tho teeth of the law
BY the i6h section If the ac of August 9th, 1876 for
the better regulation Of the Feqsuy !, Is declared TINT,
If any officer "shn convert 10 his in any way
Whatever shall use BY way of investment In any kind
"of property merchandise, shall loan, with or with
tout interest, Sc. &c, any PARTON Of the public mon
"eya entrusted To him for safe Keeping disbursement.
anser, for any other purpose, every such act shall
be deemed and adudged 10 be an embezzenent
oi much ol the said mnneya shall be thus taken
eooveted invested used oanedd dep sed exchanged.
which il hereby declared 10 be ielooy
~ md any officer or agent Of
The United Safes md all persons advising participa-
ting in such act bring convicted therefore betre any
'canr Of the Uned States If competent jurisdiction,
shall he sentenced to imprisonment Tor term not less
than six months than ten years and TO fns
equal to the cmbez4ed" is farther declar.
cd
"Aud the provisions Of Ibis act shall be 50 construed
las TO apply all persons charged vi the sale keeping.
"such persons be indicted Receivers dep safies of
"lhe and the refusal Of such person. whether in
o out Office. 10 pay any draft order. warrant which
"mny he drawn upon him by the proper officer OF the
"Teasnry Department Cor any public money in his
"hands belonging To the United Safes. 10 matter in
"ieha capacity The mr hare been rectired may
"be held. 10 transfer dishurse any such money
"prompy, upon the legal requirement Of any authorized
"oicet OF The United States shall he deemed and taken.
upon the ral Of any Indictment against such person for
"enbezzenen prtma faoie evidence Of such embez-
element "
This IL tho famous Snb-1reasury Law--which was
the boast aud the glory If The Democracy was
10 save the pubic money from the hands Of the banks.
aud preserve intact through all time, by means OF tho
Tteasury's own honest agents. II is certainly minnie
aud comprehensive enough in all conscience. II applies
not only to every officer agent: but 10 all persons advs
ing or paucipating"-"no matter in what capacity
they may have received or may hold the public mon.
ey"
1t has been said Tia, the agent of Marseiles received
salary and was allowed to for his purposes
100000 of The pubic money. There is no such au-
thony granted by This act and according 10 the state
nent of the Republic. the agents salary was derived
from commission the disbursements and the advances
he might make 10 the Government. We had supposed
Thai this the case. from the fact that Mr. Fitch, The
former agent Of Marseies charged with using
the public money and On that account removed. ihe
charge afterwards shown To be untrne-and that
gentleman, who wealthy banker proved that he
uen in advance to the Government several hum
dred thousand dalmrs.
But bad as the violation of the law may he, that 10
not The worst feature in this transaction. That worst
feature is The effort tojusty The deliberate conspiracy.
the Times justly calls 10 get possession Of the public
money be used for private We have been
sured by some whose sympa HES always enlisted for
msf ,riune incurred far much harshness in
condemnng this affair. We feel well others,
Tor any disaster that beals fellow being and take
pleasure in exposing such misfortune, even when
brought about by gross misconduct. But must be
permitted say that there is often exec
of msappled false sympathy for gigantic failures while
humble dealers WIN. in the pursuit Of legitimate trade.
fail for few thousand to the dogs hout pity
ceremony. We not in The habit ofindulgng this
tenderness. we judge each case by tie merits,
and rather disposed to regard failures for hundreds
Of thousands with harsher eye than those for few
hundreds. n
Bat in this particular instance we had discretion.
We called upon by Mr.. Osborne to publish card.
in which he stated, that he defanlter than
we, who had never touched cent If public money in
our lives and that there '.imp,opriety" in his
conduct. BY his confessions involving palpahle vc
ation Of penal law, and ss the public treasury uf
dian hundred thousand dollars. We could opa,
sent to publish such doctrines without pstest
against them. We regarded them subsersivs IL pnh-
lie and private morality. and we should have been re-
creant 10 duty. il we had moi repTobaed them.
II is not personal matter between Mr.. U. and us-s
We have private resentmens against him, Bat Il u
an affair that pertains strictly 10 the public, Ofhs own