Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-12-10
COMMUNICATIONS.
THE TREASURY REPORT.

THE TREASURY REPORT
Messrs EDrons: In the report of Mr. Secretary GurH
just laid before Congress- is found the following pa
ragraphs
Besides the 900 which was found at the
of my official duties to have advanced agents
for the purchase of the public debt ascertaned
that the further Of S475 900 in the hands Of
agents under agreements to transfer the for the De-
partment different places deposte together with the
sum of 81 1927 unaccounted for and designed
pay interest, sc.
is proper that all the above sums have been
replaced in the Treasury except 500 000 for which
has been instituted Columbus Ohio and is still pend
ing.
pledge of stocks of various descriptions taken for
part of the S 944 982 81 but had been taken for
the $780, IN suit in Ohio.
The above paragraphs, though it is presumed in
tended, convey the impression that the large Of
than two millions of dollars was left by the late
Administration in the hands of private agents of the
Treasury for paying the interest the public debt The
system and mode of paying the public interest
gained and adopted by Mr. Secretary WALKER imme
datey after the passage of the Subtreasury law and the
private agents that to pay portion, and only
comparatively small portion of this interest select
ed and appointed by him; (Messrs Corcoran Riggs
in this city, and one 81. s. Cuttings, ESQ., at Baltimore
All the other agents official ones, being assistant
treasurers of the United States and of the mint
Neither of Mr.. Walkers (Messrs. Meredith
and Corwn) made any change either in the system or
the agents. but continued up the close of their respec
tive terms of Office precisely in the course as had
been followed by Mr.. Walker.
The following is the mode in which the interest was
paid under the plan adopted by Mr.. w. All the public
interest is payable the ls of January
and the 1st of July respectively and the books trans
fer closed the Treasury the LIST of December
and st of June previously when the schedules of the in
teres prepared and forwarded the respective Off
cal and private agents. and only few days previous
the time Of payment the money placed in their hands
To those at all familiar with the subject it is
that of the semi interest drawn
by the holders Of the stock in the first forty hours
after due and probably nnetenths within the month";
so that the balance at any time remaining in the hands Of
the assistant treasurers the private agents very
inconsiderabe.
Though nearly all the interest was thus promptly call
ed for and paid yet in order simplify the accounts and
afford full opportunity for all obtain their interest
at points most convenient Them of the rules adopt
ed by Mr. Walker was that any balance that might re-
main unclaimed in the hands of the agents should not be
refunded into the Treasury until after the expiration of
twelve months when they returned their vouchers and
settled their accounts and up that period the whole
that had been originally placed in their hands re-
manned to their debit on the books of the Treasury.
By adding together the gross amounts that had thus
been placed in the hands of the agents previous semi
annual periods the large stated in the report can
doubt be obtained Although the had not been
adjusted and the therefore remained to their
debit the Treasury books, yet nearly the whole of 1t
had been actually paid the public creditors within
few days after it left the Treasury, and the actual
remaining in the hands Of those agents was less
han -
agents in this city, and about Sc in the hands of the
in Baltimore both Of which sums were promptly re-
funded call into the Treasury. SO promptly and SO
close the public interest paid up that out of 81 600
RENTED semiannually to the Assistant Treasurer at
New York to pay the interest due there he seldom on
the settlement Of his dividend account has balance of
than 900 900 to refund into the Treasury
and the above balance in the hands Of the agents in
Washington was unusually and accidentally large in
consequence Of the State of Texas having delayed pre-
senting the coupons, amounting nearly $780, 000 on
that portion of the FIVE millions of the FIVE per cent stock
which had been issued to her. which she still retained
That stocks collateral security, not deposited
in the Treasuryfor the above of 81 226 1927 is
very naturally accounted for from the fact that the above
sum paid in smaller amounts at intervals Of six
months and Of paid the public creditors
in few days after it received and it could hardly
be reasonably expected that the parties should depo-
site security for that when they had already paid
out upon account Of the Government upwards of So
600 Of the sum- and had onefourh Of the amount
in their hands at time, and Except only small ba-
lance Of that ourth) but for few days It was different
with the amount Of transfers. for all which, except the
300 900 in Ohio alluded to by the Secretary most am
pie security held by the Treasury in the shape Of
available stocks and those transfers either actually
due would be in two three weeks after the late
Administration went out Of power, and it is presumed
punctuay paid up if they not the Treasu-
by the sale Of the pledged stocks could any time
have realized the full amount in twenty-four hours
Ample and available security likewise held for the
whole sum Of 000 alluded to in the report being
placed in the hands Of New York broker which
qudated by the delivery of United States stock to
the amount Of about 81 800 o00 and the balance in cash
For the S493000 stated to be in the hands of house
in this city, the stock in Of being purchased
and 100000 Of il had actually been delivered the
Treasury previous to the change Of Administration and
the balance, amounting to nearly $780, 000 it
could be bought up in the market with proper caution
The whole was actually delivered during the month Of
March, and on final settlement Of the account balance
was found due to the banking house in question, which
was paid to them by the Treasury All the above stock
amounting TO $20o00o0 was purchased on very advsn-