The daily union. [volume] (Washington [D.C.]) 1845-1857, 1855-07-25
THE TREASURY DEPARTMENT.

The suboined article from the New York journal oil
Commerce exposes with much effect several of the ates
Ind bodest of the complaints against the Secretary of the
Treasury As will be from the comments of the Jour
nal Of Commerce not only has the Secretary shown thu
strongest disposition to accommodate the mercantile
nunty, but he has been enabled do this within thu
terms of the statute And yet the New York Post with
large preensons to accuracy and honesty prefers grave
indictment against upright and conscientious officer
and it seems without being acquainted with enough o.
the facts it from the mpuaton of being ehe
grossly ignorant deliberately mendacious All its Other
assertions likewise refued with triumphant We
ask the attention Of readers the article the Jour
nal of Commerce. because is another proof of the scrupu
ons and caution the ability and the vglasce which
distinguish The present administration of the national
finances
"GovEnNMENT pRArrs.-The Evening Post of Wednes
day. under the heading New Brokers' Office attacks the
administration for authorizing the sale of transfer draft
upon its various repositories denying the legality
sales and endcavong to represent the whole matter in
| odious light.
We do not need go into any labored defence the
thus openly condemned because such transfers
only been sanctioned by every administration
subtreasury established but he Post to the
Notwithstanding authorized in direct by the
itself. The method is simply follows The government
has of $500 900 in Boston, which il wishes
through the subreasury in New York 1t sends the assist
here draft for $500000 drafts eacl
for $4,000, all drawn in his favor the Boston subrea
ury If this draft is sent to Boston for collection Of
cer agent Of the government must go with it to bring
back the gold the business be done through
the private expresses in either involving considerable
expense and risk. Now, any New York merchant
has gold silver transfer to Boston, he take to thu
treasury here and after it examined and counted OBJ
for it the draft Boston, and thus realize the coif
again there without eny actual 1t perfect,
operation for the the assistant
here who required endorse the draft, does
with it until the coin examined aud locked up in his
vault The government is thus accommodated, the ndvid
ual who takes the DRAFT also accommodated and there
possibility OF loss unless the should overdraw
their deposites which risk is the buyer
'sThus much for the OF the arrangement
word to its legality The Secretary of the Treas
is authorized to draw of his repositories hi
judgment may dictate. Any dbursing officer agent o
the government (ses act OF 46, 20) whose
payment furnished to him in drafts, shall those
drafts to be presented at their place OF payment
| HE SILVER PAal
These drafts sent to the assistant part
his of payment and he is thus expressly authorized
instead Of presenting them at their place of payment to
change them with whoever win take them at The law
goes further and lest these drafts should sometimes b.
worth premium and the officer be disposed TO pocketit thu
prescribes Sec 2) that all such premiums shall b
credited the government This is authority which W,
think the Post win not be disposed to deny.
1--WE have also word to saw in regard to the comment
the Post upon sales of these transfer drafts at San Fran
The Post that the government has
sion give drafts San Francisco the Atlantic States
it collects money in California than it has occasion L
there and should send it the Atlantic States instead
Of sending money from the Atlantic States to California
Here two material First the drafts are no
drawn San Francisco, but at Washington the New
York assistant treasurer and sent to San Francisco
be there dbursed The assistant treasurer there does right
therefore, exchange them for gold par unless he
premium. And second the does not col
llpctm in than has
therethe expenditures for salaries, public buildings, and
public works, far exceeding its receipts We have thus
shown that there not the slightest foundation for either
the charges urged in the Post"