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

Total..................,,,.,, "a 40 ol1
TAXED by the State
These securities yielded an annual income of two
hundred and twenty thousand dollars, and were or
dlnariy deposited in the vaults of the Treasury
Tor safe Keeping, but were probably temporarily
transferred to the Interior Department for the pur-
pose OF detaching the coupons for the collection of
the January interest to meet the next annual In
dian payment. 1t will be seen that they consisted
chiefly OF United States, Virginia, South Carolina,
Tennessee, Kentucky, North Carolina Florida Ohio
and Missouri five and six per cents.
The greatest excitement prevails concerning the
robbery, and OF course Secretary Thompson and
other members of the administration are very much
embarrassed by this new complication in the na-
tiOnal affairs.
The Washington Star of yesterday evening fur,
nishes the following additional particulars:
A day or two since, Goddard Bailey, the law clerk
OF the Interior Departmental native of South
Carolina, appointed to Office from Alabama, a
young married man Of about thirty wears of age,
admitted to be person of remarkably fine abili,
ties and attainments-placed in the hards of a
friend letter to be handed to Secretary Thomp-
son. This during the latter's recent absence.
| His manner was such as that the friend pressed
| him with inquiries concerning its contents, and
| learning them, hastened to deliver it to Mr. r.
on the instant OF his return to this city Satur-
day evening last 1t proved to be a voluntary con-
tession from Bailey that at the instance of anoth-
er he had distracted (and loaned to that person)
from the iron safe under his charge, large amount
-SS3U, ,UUO-Of the state bonds held by Mr.. L. as
Secretary of the Interior in trust for sundrv In
dian tribes-the proceeds of their bonds sold bv
the Government, and so invested and held for their
benefit in pursuance of treaty stipulation.
1t seems that the Secretary had endeavored to
induce the regular treasurer of his department,
Mr.. Peter hammond, to become their custodian
but not being obliged so to do by law or reg la
tiOn he declined the responsibility of their charge
The Secretary then entrusted them to the keeping
of Bailey, the departments law clerk, who was
under bonds of ten thousand dollars for the faith
ful performance of other trusts-nOt that one The
receipt Of this letter by the Secretary of course
| created great commotion in the department, and
! he, with Bailey and other clerks, there en-
! gagged in the consequent investigation all Satur.
day night last until three, A. NJ, with hacks DO
lice officers, &C., plying over the city. According
to Baileys confession, he loaned the bonds to the
party who had induced him to commit this abstrac-
ton, but was not to receive a single dollar of the
| proceeds of the speculation. He had cut off and
preserved in the safe, the coupons for the next six
months interest, so that no part of that could be
| lost to the Government or Indians.
One theory of the abstraction is that Bailey and
| his confederate desired to make large sum bv
speculation in the stolen bonds the first of which
| were taken early as five months ago) by selling
them at the comparatively high prices at which
| they sold some time since, and buying them back
| and replacing them in the safe when the sectiona
| troubles they knew were about to arise should de
press their prices, at present; and that his con
ederate having failed to return any of them so far
| b. became alarmed and made his voluntary con
fesson to the Secretary.
Bailey is said to allege that he loaned Russell the
bonds under his persuasions and those of a Wash
ington banker, not for the purpose of speculation
! in stocks, but that by selling them he might NEE
| sundry accepted drafts of his firm on the War De
partment, payable out of any moneys due them OF
| to become due to them from the Government, t.
| meet which, the Department had then no money a
command. OF course he alleges that he anticipated
| that when the Department might be in funds, thC
! stocks would have been re-purchascd and handed
! back to him. Russell gave him an amount OF sucl
accepted drafts equal to the amount of stocks b. ii
legally loaned to him, which said so accepted drafts
| he placed in the safe as security for the eventua
return of the State bonds.
1t is further said that Russell obtained from the
| Bank of the Republic, in New York, on the State
! bOnds-that bank now having them in its possess
| ion-the money with which to take up the accept
! ed drafts on the War Department 1t is doubted
whether the accepted drafts which Bailey held a
| security are really any security whatever. Blu
that TACT will be settled very shortly, we appre
| Eend on further Investigation
All yesterday the Secretary continued his nves
fgaton INTO the affair, and is said to have so ia
! found all the statements of Bailey's letter of con
iession correct to the letter. He obeved the Sc
cretary's summons, and aided him on Saturda,
night and again yesterday afternoon in his labor
| OF search.
This morning a warrant for his arrest and com
mitment vas made out by Capt. Goddard, Chief 0
Police, and it was determined to place him in jai
without an examination at this time, unless tha
was demanded by his counsel, Mr.. Carlisle.
AS soon as Mr.. Thompson received the letter an
ascertained the probable whereabouts lin Nev
York; of Baey's alleged onftderate-Wflliam II
Russell, of the firm of Russell, Major 4 Co., tn
great overland pony express and rmy-transporta
tion contractor5-he telegraphed to Marshal Rynd
crs to effect his arrest but up to the hour at whic
we GO to press we have not been able to learn tha
he is in custody. He is believed to have reache
Washington this morning per rail, getting into tn
cars at Philadelphia, and leaving them only afte
they had backed out of the Washington depot, t
return in on another track; euding the officers o
the watch for him, by jumping off thus on the out
skirts of the city Russelis said not to be the onl