Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1849-08-09

The Great .4liedged Dedication. The Wash.
ngton Union furnishes the following explana.
hon OF the charge of delalcat on, brought by the
Republic against Mr. Dandy late Navy A gent at
Marseles. We are glad 10 lind that it is not a
case of robbery, but only OF commercial en-
barassmcnt" We believe however that the
material fact remains-na ney that the money,
$4,000, is gone Globe.
:" The deialcatlon, whatever be its amount.
was not accustomed by robbery, but by the com
mercial embarrassment OF a house in Richmond,
which was to transmit the Government funds to
Mr., DENLY, in France, and that house was ruin
ed because of the ruin which the revolution in
France las brought down upon the house there
to which the Richmond house had nude lis con.
slgnmenls. The drafts were returned protested
from France, and Mr. Denby's drafts shared Il
similar fate"
The Richmond Wing snys,-"Wc upprehend
this Will turn out to be very bad business
We learn, however, that MIR DENLY repudates
the magnificent figure asrrl5e1 to BIN by the
hePmlic, Not that the default aud to that a.
mount, does not exist; but that all, or the great
or portion, was comnted by others. As we
hear, MIR DENLY was appointed Navy Agent ami
required tofglve security to tac amount Of $780,.
600, lie was unable ofhimself to give the bond.
Mr. I. {. Osborne of this cily undertook to give
the security, becoming one himself, ON condition
lhat he was 10 be Mr. Denby's agent in This
country Ito draw all the money, and to have the
use OF It until called Cor by the public service.
But whether there was such an express coEdi-
lon or MOI, Mr. Osborne did act as Mr. Denby's
agent he drew tie money, and we understand
mat IN his statement to the Department, he adj
mlts thot he did use about Sl3l 900 OF The pub
nc money,whch he s nov unable TO repay The
hephdhc gives the entire deficit at $ 50 5GS As,
about $4,000 more Than Mr. Osborne concedes
on MS own statement. That excess, we suppose,
Mr. DENLY Is accountable for. Suit has been
Instituted by The Government on the bond, and
II Is SAID thai only one of the parties TO II Is
sPonslble, aud that he denies his signalure,-
ms Is deplora5le exhibit. 1t is obvious that
the use OF the public money for private purposes
entered into the ori ginal scheme, that the plan
was deliberately laid TO speculate upon the pub
lie funds. No doubt the parties concerned In it
INDUCED the hope OF making money by the ope-
ration; no doubt they expected and desired 10
repay the Government every cent; but that does
not make the act less violation of the law-less
reprehenslble. How far the Secretary OF the
Navy, Judge Mason, is censurable, we cannot
say 1t is certain thul Mr. Osborne could not
nave obtained the money without his knowledge
aud eonseht. We hear, in justification of him.
that the bond required that Mr. DENLY should
have an agent in this country to receive and
transmit the money to him. II this be SO, and if
the requsiton OF The bond was in accordance
with the law, he would stand acquitted OF all
blame-uness he was aware that the arrange
ment between Denly and Osborne contemplated
speculation in tue public funds" famn