The republic. [volume] (Washington [D.C.]) 1849-1853, 1849-08-01
TIL E REPU BLIC .
WASHIN GTON:
WEDNESDAY, AUGUST l, ls4s.
THE suR-TREAsuRx.

Funds.
We thought as much. Mr.. DENLY Is
'sknown" at Richmond. He is one of the
elite of the distinguished Democrats of
that ancient metropolis-the men who
make and unmake Presidents by virtue of
Shockoe resolutions. The senior editor
of the sole organ is acquainted" with
Mr.. DENNY. He vouches for him. More
than that, he furnishes an explanation of
the circumstances of his default, which
has no parallel among explanations, ex-
cept in that which Mr.. Joseph Surface
gives to Sir Peter when Madam Teazle
is detected behind the screen. We
have no doubt that Sir Peter would pro-
nounce it ga uery clear account of the
whole matter" But that we may not do
injustice to Mr.. DENNY, or the senior edi-
tor, we annex the account entire. After
citing paragraph from the Republic, and
few comments from the Baltimore Pat
riot, on the rumored defalcation, the senior
editor proceeds:
awe presume these statements will be noticed
more properly from other quarters. In the mean
time we do not hesitate to express our belief that
the amount Of the defacation may be considerably
overstated. We are personally acquainted too,
with Mr.. DENLY, and we are much mistaken in his
character if he has wfuy robbed the Treasury Of
such sum, or even of one cent. The defaIcaton,
whatever be its amount, not occasoned by
robbery, but by the commercial embarrassment of
house in Richmond, which was to transmit the
Government funds to Mr.. DENLY in France, and
that house was ruined because OF the ruin which
the revolution in France had brought down upon
the house there to which the Richmond house had
made its consignmens. The drafts were returned
protested from France, and Mr. Denby's drafts
shared a similar fate. Such is the account which
have heard of this transaction; and we do not
hesitate to express our firm conviction that in spite
Of the preciptae and iberal libes Of the Republic
and the Patriot, the transaction will leave no stain
upon the integrity of Nathaniel DENLY, however
liable he may be in law on his official bond"
In the first place, the senior editor does
not hesitate to declare his belief that the
amount of the defalcation maybe consdera-
bly, overstated. This is not unlikely. Itmay
be considerably overstated, and yet leave
margin enough to entitle Mr.. DENNY to
maintain himself among the elite of the
defaulters. Take off a hundred thousand
dollars, and the balance would be suff
cient to retain Mr.. DENNY in his social
position among the distinguished Demo
Gratis of Richmond. We think $55, 900
default would be large enough to keep
him among the elite. To be sure, it would
place him peg below WILEY P. HARRIS
and LrTTLEBURY HAwKINs-but still it
would do.
The senior editor is personally acquaint-
ed with Mr. DENLY, and AYERS that he is
much mistaken in Mr.. DENBY's character
if he has wilfully robbed the treasury Of a
&C single cent" The senior editor draws
a distinction. On the one side he places
"wilful robberies''-on the other, we pre-
sumo, what he would call involuntary
defalcations." Mr.. DENNY is an "invol-
untary defaulter." We thought the party
claimed to have headed off all g involunta-
ry defaults" by means of their penal laws
and Sub-treasury bill. Have they not told
us thousand times that there was to be
no more loss of the public money-now
that it was taken from the Banks and put
into the hands of individual agents' Thai
is our recollection of the matter. We
were to have a return Of the golden age
of the Republic. There we're to be no
more robberies--no more defalcations-
willing or reluctant, voluntary or involun-
tary.
But it seems there was a commercial
house in Richmond-more of the elite we
suppose-employed to transmit the Gov.
eminent funds to Mr. DENNY in France.
Well, this is the most remarkable way Of