Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1849-08-16
From the Washington Republic.
-. ann ER y 4 SlimN

From the Washington Republic.
THE SUB-TREASURY.
IL ..,saal associations IN Government Funds.
n. thought as much. Mr. DENLY is
Lr...nr Il Richmond. He is one ofthe
~ u The distinguished Democrats ofthat
~ metropolis -the men who make
- rrm,ke Presidents byvirtue Of Shoe
rs. ,e.olutions. The senior editor Of the
"a. nro.n Is acquainted" with Mr. Den
q III vouches for him. More than
u Il furnishes an explanation of the
.:s.mstances Of his default, which has
,ss',er,llsl among explanations, except in
-. .hich Mr. Joseph Surface gives 10
3. pier when Madam Teazle is detec-
.ssshiud the screen. We have no doubt
~ Peter would pronounce it ga Gerry
$50, sccount Of the whole matter" Blu:
~ e may not do injustice to Mr. Dem
v the senior editor, we annex the ac-
.:ssIr entire. After citing paragraph
60 he Republic, and few comments
-the Baltimore Patriot, on the rumor-
ldefslca.ion, the senior editor proceeds;
AWE presume these statements will be
,s;ced more properly from other quarters.
4 the mean time we do not hesitate to ex-
ere,s our belief that the amount Of the de-
kIulion may be considerably overstated.
10 are personally acquainted, too, with
N DENLY, we are much mistaken in his
Eracter If he has willuliy robbed the
treasury Of such sum, or even Of one
eent The defslcation, whatever be its
smount, was not occasioned by robbery,
M ia commercial embarrassment Of a
~, 10 Richmond, which was to trans
NJ ~ Government funds to Mr. DENLY
Z France, and that house was ruined be-
eesss of the ruin which the revolution in
Enpce had brought down upon the house
Ire to which the Richmond house had
xids its consignments. The drafts were
returned protested from France, and Mr..
Dsaby's drafts, shared a similar fate.
SCH il the account which we have heard
efthis transaction; and we do not hesitate
% express our firm conviction, that in
spite 4. The precipitate and illiberal Ii.
tes ofthe Republic and the Patriot, the
srsssaclien will leave no stain upon the
iatasity Of Nathaniel DENLY, however
lhbk he may be in law on his official
hood
= the 6rst place, the senior editor does
a. hesitate to declare his belief that the
a1ount Of the defalcation may be conside-
yably overstated. This is not unlikely.
+ NY be considerably overstated, and
~ have margin enough to entitle Mr.
Dsaby to maintain himself among the
H. q the defaulters. Take off hum
DID thousand dollars, and the balance
void be sufficient 10 retain Mr. DENLY
~ social position among the distin-
glhhed Democrats Of Richmond.-We
thnka SIS, 900 default would be large
spsush to keep him among the elite. To
besure, it would place him peg below
Wiley P. Harris and Li.tlebury Hawkins
but still il would do.
The senior editor is personally ac-
esainted with Mr. DENLY, and AYERS that
isis much mistaken in Mr. Denby's char
sstsr, il he has wilfully robbed the treas
" Of "single cent" The senior edi-
X draws q distinction. On the one side
b places "willnl robberies '-on tie
cher we presume, what he would call
Involuntary defalcations. Mr.. DENLY is
IN ainvoluntary defaulter." We thought
the party claimed to have headed off all
involuntary defaulters" by means Of
their penal laws and Sub-treasury bill.
Hays they not told US a thousand times
that there was to be no more loss of the
pablo money NOW that il was taken from
The banks and put into the hands Of indi-
sidual agents? That is our recollection
dthe matter We were to have return
fthe golden age of the Republic. There
we're to be no more robberies -no more
Notwithstanding or reluctant, volun-
hr or involuntary.
But il seems there was commercial
Muse in Richmond-more Of the elite we
suppcse-employed to transmit the Gov
6nnent funds to Mr. DENLY in France.
Well, this is the most remarkable way Of
sending funds to France. Funds sent to
Europe via Richmond! That house made
IL copsignments to a French house and
tN French house was ruined by the rev.
oaaaicn, and that ruined the Richmond elite
WHO had made consignments TO them.
The drafts Of the Richmond house were
protested, and Mr. Denby's drafts were
Protested. The amount Of this is, that
$4,000 Of the Government money were
pus into the hands Of Richmond house
speculate upon. They invested them
merchandise, and sent them to their
eerrsspondents in France, making drafts
ealneir correspondents in Denby's favor.
ine French house received the goods, and
Protested the drafts and the American
uevsrnmet were minus both the goods
she the funds. The Richmond house
w ~. g entirely ruined that they could
neAner protect their drafts for the Gov
s'anent money they had invested in their
Nanercial speculation, nor pay over TO
~ DENLY the balance Of the money
s1sca they had not so invested; which
HI me subject, we presume, Of Mr. Dem
~ protested drafts.