Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1849-08-02
CARD FROM MR.. OSBORNE.

1t will be seen, from the following card of Mr. c.
F. Osborne published in yesterdays Wing, that our
impressions as to the nature of the conneXion be-
tween him and Mr.. DENLY were correct. One of
his statements throws a good deal of light on the
subject which is, that, as the agent of Mr.. DENLY
in this country, he received from the government
and retained the funds intended for the latter 'pay
ing interest for them, and, consequently, as would be
inferred from this circumstance, and also by cypress
understanding, had the Of The funds until called
for" Ofcourse, this express understanding was
part of the arrangement by which Osborne was to
provide DENLY with securities on his official bond
that would be accepted at Washington and the sti-
puation to pay DENLY The interest, DENLY himself
having to pay none reveals the fact that, from the
beginning, this interest to constitute Denby's
pay, whilst the principal, which should have been at
all times at his command near the Mediterranean
squadron, was to be used in speculatons here by
one of his securities. All this entering into the
original contract between the parties, there can be
doubt that it was proceeding which richly merits
public apprehension. The case as we said yester-
day, is not one of embezzlement, as defalcations
usually are; for the Navy Agent, having no salary
was privileged to invest the money to his own profit
subject to the calls of the Navy Department. But
it was highly improper for him and his principal Sc
curity TO combine together to get possession of
large sum from the government, so that it might be
used by the latter in large and hazardous mercan-
tile adventures, such as were never contemplated in
the extraordinary privilege connected with the Office.
To the Editors Of the fpAae:
RICHMOND, 3lst July 1919
Conference.-The statements you make in your paper OF
this morning, calls for few remarks from me- which l
now transmit and ask the favor Of you insert your
columns tomorrow
Without entering this time into minute account Of
Ra@ hasas With permit nsR q yo s a ne
wrong when YOU state am deiaulter to the Govern
OF Mr., Deubys securities, and when his
is finally settled, may become, Mr. Denbys security
debtor to the Government but until that time arrives and
the exact facts are ascertaned, ought think to be
spared this imputation.
It is also true acted as Agent for Mr. DENLY in this
country and SUCH received and dsbursed large
for him. These monies received as his Agent paying in
terest for them, and consequently as would be inferred
from this circumstance and also by express understanding
had the of the funds until called for All these funds
in the hands OF various European and American
houses and in consequence of their failures my losses
great to involve my whole in RUM and
leave destitute. The moment ascertained my fate
inevitable RENTED back S500O0 all the funds had
and which could control, to the Treasury Department
which presume has been audited and have reserved and
party Out OF my assets, te Same
pro rata amount am able to pay my other creditors
This is all can do now, though do not despair if my
Lief prolonged, to discharge all my indebtedness ad
init it is unfortunate affair, but which neither an
tcpaed could prevent but have yet to ascertain that
there was in these transactions any improperly. have
submitted all my documents to friends and opponents and
am ready to submit themto any tribunal with perfect
confidence my integrity can IN no wise be mpugned by
honest judges
1t remains yet be whether the gentleman you al
ude to- when brought the test will deny the authority
OF his signature by his attorney may have however
to say hereafter on this subject II is however now
matter OF less moment he too having long since become
lnsolvent.
Permit me TO say, Judge Mason in no wise mplica-
ted in these matters ii you will enquire at the proper
Department. you will find the warrants issued in the usual
way, and ashas beenth usage ofhe Government at all
times.
You are wrong also in your figures, far as am con-
cerned
] will only add remark which ought to have made
inmy previous card that inmical to the James
River Improvement only disagree certain extent
with those who have hitherto conducted the affairs of that
company and the impression entertained by Judge Da-
mel, as to my views is in the main correct.
Your obd't servant
CHARLES F. OSBORNE