The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-12-25

TIE GREAT DEFALCATION.

me announcement of the great defalcation in tn
once OF the Secretary of the Interior. naturaII
"""eo 10 the excitement already existing on tb
important condition of our national affairs. Ru
mors were also afoat that a LARGE diecre
pAncy in the accounts of anoth r of tba Da
partments Of the Government had also bee
discovered, but it is believed to be a shee
fabrication. 1t will be en- by reference to tn
report of the proceedings OF Congress yes
tefday, to be found in another column, chat Secre
tary Thompson and also Secretary Thomas bot
demand an immediate investigation of the affair
IN order to remove all suspicion of completely o.
connivance on the part of the principal officers
'u"' n'ght exist. The following exposition and ac
count OF the defalcaton we take from the cores
pondence Of the New York Herald
Secretary Thompson arrived from North C,ro-
INA last evening. At half past eight o'cloek he
called upon the President and had an interview =
secretary thompson, during his absence received
letter informing him OF robbery in his depart
ment Upon going to his department he attempted
10 examine the safe in bis office, where the Indian
ponds were kept, but discovered that the kew was
missing. lie made several attempts to find it. but
IalIed. Different statements were made by differ
ent SuDordlnates as to the whereabouts Of Mr. Cad
dard Bailey, disburSng clerk, a native of South
Carollna, to whom the bonds were specisIlv on.
trusted and who held the key of the safe. he was
l9und and asked for the key, but could not find il
secretary Thompson, at once suspectipr that come
thing was wrong, proceeded at eleven o'clocI, last
evening TO the office of Mayor Berret, cOnmunicat
ed to him his suspicious, and solicited a speciaI no
nee ioTce, ana returned with the Mayor and police
10 the Interior Department. and nut a ruard at av-
cry avenue leading to it. The clerks of the de-.
partment were then summoned, and orders pivnn
TO TO the police not to allow any one to pass out
Inc safe was then broken open with an axe and the
roh"S were missing The register Of the bonds was
found to-day when Bailey was missing
Mr Black, Secretary Of State, and late Attorney
General, District Attorney Ould and others. having
KIoWledge Of the nature of the bonds, were called
IN 0y Secretary Thompson. The clerks were sew
eraly examined as to their knowledge of the disap.
pearance OF the bonds The details of the exami
nation not known.
0evera! OF the clerks of the department, who, it
Is SAID, dld what they could to delay the exanina
tion OF the sale, are suspected of being parties to
the ROBBERY Several outsiders are also suspected
ana the police are after them. The moment that
the ROBBERY was discovered, the heads of other bu-
reaus in the department ere notified to keen strict
watch upon the property of the government in their
charge. 80 WI ~
Another report is that Secretary Black first
learned the fact of the robbery, and teegraphed to
91fcre!ary thompson to return Immediately to
Washington. When Baily appointed disbur-
sing clerk, he was citizen of Alabama.
lhe funds supposed to have been stolen are known
as the indian Trust Fund, which has accumulated
ior the beneht OF various Indian tribes under our
treaties with them. According to the provision of
many OF these treaties a certain sum is stipulated
to be paid to the Indians for their land the sum to
be paid in annual payments, equaling in amount
the interest that would be due upon the principal
In order to avoid the necessity of being compell-
ed to pay these annual sums out of the current re-
celpts OF the revenue, the government has been in
the habit OF investing the principal in State stocks
ana making the interest on these stocks meet the
annual payment due the Indians, thus really real
izing the money ultimately for the several States
1t was these bonds or stocks thus acquired amount
ing to over three millions, that are missing.
The following tables will show the Indian tribes
Tor whom the money Leld in trust, and in
what stock it was invested.
LIST OF INDIAN TRIBES FOR WHOM STOCK Is HELD IN
TRUST BY THE SECRETARY OF THE INTERIOR, SHOW
ING THE AMOUNT TO TIE CREDIT OF EACH TRIBE
THEIR NET ANNUAL INCOME, AND THE DATE OF THE
TREATY Or LAW UNDER WHICH THE INvFsTvryrs
WERE MADE.