New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-12-28
THE LATEST NEWS
.. RECEIVED III
MAGNETIC TELEGRAPH,
From washington.
THV" w H-HEuStOM.
sPeosl Dispatch TO The n. Y. Tribune. r"t
! WASHINGTON, Thursday Dec. %, 1850
The GREAT ROBBERy. -....

Secession is now in duress, in spite Of the Or
dinance. Nearly all the accounts yet published
concerning the great robbery have personal in
SEPARATIONS which do not disclose the real facts,
as they may be developed before the Commit.
Zee, if the investigation be pursued thoroughly.
Here is one versions: The history of it dates
back nearly xix months, when $4,000 Of See
rotary FlOyds acceptances, which had been dis
copnted were becoming due. These acceptances
were materially different from those recently
issued, aud which are commonly known in the
money market. They protested to be for service
already rendered the Department, and payable
Of specific time. There were no funds. to meet
them, and Mr.. Russell was not able to take
mp the paper. This was the condition of
facts when Mr.. Bailey on the 18th Of July last
ralled at the War Department, and according to
his account, inquired Of the Chief Clerk il the
statement was true that Secretary Floyds ac-
barassed if they were not paid. He was an
swered atfrmatiyely. Afterward he was in.
trcduced to Mr.. Russell for the first time by
third party, and that day delivered him
Tennessee bonds for the above amount Sub.
sequenty these bonds deprecated, and the
margin was supplied by new abstrac
tions. The panic soon after came upon
the market, and all securities fell ruinously
The holders of the bypothecatcd bonds threatened
TO sell, or required further security, which was
furnished by further distractions. Up to this
time, it is alleged, Mr. Bailey had only held Mr..
Russell's own notes to cover his dcpredations.
But the acceptances were obtained and given on
the 18th Of December, when Mr. Bailey took
receipt drawn by himself from Mr.. Russell, for
mally enumeratng the bonds delivered and the
acceptance lbsttuted, making one balance the
other exactly.
Messrs. Russell and Bailey deny cmphatcally
that Secretary Floyd had shy knowledge Of the
abstraction or use Of the bonds. The inquiry
becomes important in this connection, how Mr..
Bailey came to be informed Of the original &C.
ceptances, and the certain consequences TO follow
their ncn-paymen. THAT important gap has yet
to be filed up After securing these acceptances,
Mr.. Bailey seems to have entertained the idea
that he had protected his dePredatlons, and then
addressed letter to Secretary Thompson reveal
ing the transaction, which was entrusted to
friend to be delivered before his retirement OF res
qnstiOn. as the case might be- in order as ne says,
that he might be prosecuted Secretary Thompson's
visit TO North Carolina precipitatcd matters, and
fearing his resignation, Mr.. Bailey placed state
ment in writing in the hands Of Senator Rice,
covering tire acceptances, to be delivered TO the
President. Immediately Mr.. Rice went to the
, White House last Saturday afternoon for that
purpose and gave up the package. While there
| bv strange coincidence, Secretary Thompson
returned from North Carolina, and called to see
| the President without any knowledge on the sub
! iect. Soon after, the friend to whom Mr.. Bailey
had intrusted his confession to Secretary ThOmp-
! son hearing of the lattcr's arrival followed him
10 the Presidents, and sent in the letter. Thus
the whole denouement occurred in the presence
| of Mr.. Buchanan.
| There is reason to believe that the bonds of
! the Indian annuites have for years past been
hvpothecated at difficult times, and probably sold
| in many instances, and afterward replaced in
tbe safe. The fact that some of the very num-
| hers NOW advertised by the Interior Department
rs distracted were openly on Change in Wal
| street. proves that they had been sold, and were
perhaps substituted BY others. These facts have
been collected from various sources, and may not
be strictly accurate, but they will help to lift
| fine vail which now obscurcs this nefarious trans
! action. Some other actors have yet to be
| dragged to light. Mr.. Bailey has established his
] own character but Mr.. Russell has been the
orange which an organized gang OF plunderers
have Systematically squeezed and sucked Let
him be required to reveal what assessments were
! made on his huge contracts, who shared them,
and how much he paid TO carry the English bill.
SECESSION.
The border States will resist being dragged
info the Cotton vortex if practicable. They In
tend holding conference in February to consult
for Themselves Independent Of South Carolina,
which refused to hear their circumstances against
rrecipjtate action. Most Of the Senators and
Representatives have signed call to this elect.
THE NEW TREASURY NOTES
EIGHT bids were received yesterday and to-day
| for tbe new issue Of Treasury Notes, but they
win not be opened until tomorrow. Inc I'M
nression prevails that per cent interest will be OBJ
tanned OF the $40, 900, 600 loan, but $4,000, 900
have been paid in; subscriptions to the amount
of ~ 600 600 are forfeited on tho first lnStallment
Of per cent; the rest defaulted recently II
Mr.. Cobb had retained the stock in his hands
iill the whole subscriptions were paid ln'
the Government would have been protected;
now il has no remedy, ~ the subscribers nave
received scrip for their entire payments. 10 Is
not vet determined whether the Secretary Of Inc
.t.I af..aLl m