Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-05-30

Tan Conurrm BAsx CAss-THs FEDERAL Gov.
EznHrxr CHnELED OUT or 500, O00-Ths jury in
this case rendered verdict in favor Of defendant.
They could not do Otherwise under the strange, the
astounding charge Of Judge Mclean, which was for
the defendant throughout.
The facts Of the case are simply these: " hen
Thomas Corwin was Secretary of the Treasury OF
the United States some Of his psrty friends in this
State were directors Of the Columbus City Bank and
also of the Columbus Insurance Company-twin
institutions, controlled and managed by the same
parties. Hearing Of the rapid fortunes which Cor
coran and other parties had made in Washington, by
obtaining the use of the Government funds for sixty
and ninety days, under contactss to transfer the
same to remote points, two Of the managers Of these
twin institutions, Colonel Miner and Mr.. Noodle.
President of the City Bank put their heads together
to devise plan for directing small branch 81 this
Pactoan stream westward Miner Is instructed BY
Noodle to proceed to Washington, and under writ
ten power to negotiate with Corwin for the transfer
OF government funds for and in behalf Of the Coum.
bus City Bank. There is no little coquetting be-
tween Miner and Corwin Tho latter doea not see
how he could, under the Sub Treasury law, enter
into any such arrangement with bank. This doubt
is credtable to his sagacty and conscientiousness,
but the logic and eoquence of Colonel Miner finally
prevailed over all such scrupes and the contract is
made between the govern ment and the bank, and
Colonel Miner receives draft for the solid gold Of
Uncle Sam, which he undertakes to transfer to New
Orleans in sixty days.
The money never gets below the Ohio, but is
quietly placed to the credit of the Columbus In.
surance Company, the, twin brother of the bank,
and is swallowed up in the total wreck Of that nsti
tuition We are left in the dark as to the cause Of
this mysterious transfer of moneys, deposited with
the bank Of the United States to the credit of the
Insurance Company, but as the managing directors
of both institutions privy to the transfer, We
suppose it was done for reasons satisfactory to them
selves: Such an agreement, however, placed their
official friend in Washington in q very awkward
position, as, if he had doubts IS to his power to
contract with bank to transfer funds for the gov.
ernment there would certainly be room for much
more serious doubts in making such an agreement
with an insurance company. And yet the Secretary
is placed precisely in this position by his friends,
who, having used him for their purposes, now seek
to attach to his name and reputation the response.
bility for transaction by which Uncle Sam is did
died out of $4,000 The United States Court,
presided over by of its supreme Judges has de-
cided that the contract with the Insurance Office,
not with the bank that the latter is not responsible
for money which its duly authorized agent received
for it. and undertook to transfer to distant point.
Thus the government must add another $4,000
to the losses by Galphinism and Gardnerism, which
have given the administration Of Taylor and Fillmore
such painful notoriety for financial Encouragement
and recklessness. Cincinnati Eng. Aay l6.