, 1860-12-29
[Fscm OnfOwn Co1rcspE1dcnt.1


IA ID forgotten. BY ike time this reaches you |
The telegraph may have given you different
version from that now prevailing, therefore I
will not enter in much detail tor relate the "a
rions accounts aloat In this city.
This much, however, 1nny be stated Is true:
The amount abstracted reaches $80, ,000, and
that Balley's alleged couieoerates arc VIM
Russell, Of the firm of tho great Overland
Pony Express and army transportation con-
tractors, Majors, Russell It .Waddell, aud su-
ssr, Lea & Co., bankers, of this city. Lea was
formerly a clerk in the Indian Bureau, and
knew all about the Indian Trust Fund. In re-
lation to these Fznds It may be proper to ex-
plain what they are, for better understanding
Of the nature Of the robbery,
According to the provisions Of many Of the
treaties made with the Indians for the purchase
Of their lands, a certain sum isstipu|atcd to be
paid in nnura2 payments, cquai1ing in amount
the interest that would be due on the princi
pal. For convenience sake, and to avoid the
tronble Of raising the annuity By special ap-
preparation every year, the Government has
been In the habit Of procuring from Congress
il one sum, the whole amount 10 be
paid to tie tribe, and Of Investing it in State
stocks and making the interest Gu these stocks
meet the eemi-anncal payment due the
1ndinns; The amount Of ~ the stocks
thus held ly the Government is S, ,440, ,2i1 and
the interest thereon $a02 ,002- The stocks were
chiefly those Of Virginia {796. 500; Missouri
$54T, 600; North Carnlina $5G2 000; Tennessee
$215,000; Kentucky s1S3,O 900; Florida s1S2,0 COO;
Maryland $l31 Geo; South Carolina $l25 600;
Tennessee 1901 600; Ohio $50, 600; and other
C}u%1 f~,~ 1r5s
ri}y deposited in the vaults Of the Treasury
for safe keeping, but for some reason were
transferred 10 the Interior Department six
months ago, and for 81 le other reason not Jet
explained were placed in the custody Of Gordon
Bailey law clerk in the Interior Department,
and that too without giving bonds for the
South Caroi}nian, though lailing from Ala
hama, young married man OF thirty years Of
age, tlisunion brawlcr struti'ns aboul with Il
palmetto cockade. lie has been q fast liver
and frequent visitor Of faro la,:ks, where II
is supposed By some that he deposited 4 ror-
tion Of the proceeds ii lie etolen bonds.
Thornpsor's whole Department Is eramn,ed
with di.u1ion clerks from the Cotton States.
They arc nearly all fast young 1rcn.
There arrtwo things about this Indian Trust
Fund Tint needs e1p1ination--outside Of the
lreseut robbery. Flrst-Nlat becomes Of the
State stocks attcr the 1ndian annuitics have
been paid. SeconL-Who gets tic benefit Of
the discount In the first purchase Of the
treaty is made with the Cherokecs, in which
the government agrees to pay them $500 100
for their Georgia lnnds In seventeen annual in-
ztailmcnts Of $4,000 each year. Now sup
pose the Secretary Of the Interior should rur
chase half 4 million Missouri, Viryinia :nd
other Southern State stocks drawing si1 per
cent. interest, paying for them = cents on tue
dollar. Here would only bc al investment Of
$3'5.000. Where does the residue Of the half
million 70? Who pockets tic $l25, 600? Not
the Indians. Aud after interest has been paid
for seventeen years on those bonds by those
States, the Chcrol ces are pail Of and have no
further claim on tue government. 1nto whose
hands do the half million stocks fall? have
neycrneen the government credited with them.
Probably the new Administration will be able
to throw some light on this, as on many othcr
matters, that badly need illumination. There
is more work for old Coyoae and lis smelling
committee.
the House to investigate the abstraction Nor
ris Of Illinois is Chairman. Bailey was arrest
ed yesterday and afterwards admitted to bail
and is now at large. Russell has also been ar-
rested by Marflal Ryndcrs in New York and
is expected here to-day. Alter sitting the "a.
rious reports, am inclined to think that this
one Is US near the truth as any now In circula-
& Co. for transportation service, and Secretary
Floyd gave Russell four months to make .
statement Of the Sums due from the Govern
ment, but did not give dcceptanccs is has been
extensively teleSraphed; that Russell borrow
cd large SUNS on the strength Of these memo
randa; that the banks demanded better secu-
rity, aud Russell finding himself unable to
procure it or obtaIn Ill extension, applied to
Bailey, with whom he was Intimately acqulint-
cd, tu let him have about half Il million Of
Missouri and Virginia Trust Bonds for . few
monthE-bribing him :or The accommodation.
and placing in his hands an equal amount Of
doubtless learned through Lea, Of the banking
firm Of Suter, Len & Co., all about the
three millions Of Indian bonds that were
in Basley's custody. These bonds were Ivy
potlecatcd with the Bank Of the Republic,
New York, the January coupons being first
cut off Recently these bonds have greatly
for additional security, VIXEN Bailey. in order
to save them, delivered over 10000 more
Indian Trust bonds An anonymous letter
sent to Thompson informed him Of II robbery
Of the Indian Fund, OH Iii arrival here from
Ills disrnion mission to North Carolina On
going to the Department he attempted to
examine the safe OF his office, where the Indian
bonds were kept, but found The key missing.
4 search was made for Bailey, who had the
duplicate key, but he was not to be found.
| All the other clerks were summoned, police
men were placed to guard tue approaches to
the building; the clerks told coutrld:c-
tory, and some Of them suspicious stories: 4
| blacksmith was sent for, who, with slcdge
hammer, smashed the kafc open, Wien $50,
600 Of the bonds we're found 10 be distracted.
| Next morning Bailey WAS discovered in his
retreat. He attempted to cut bis throat, but
| WIS prevented by his wis, SO the story Is.
When brought before Thompson, he made a
ctcau breast Of the whole 1nattcr, which in
| substance is as ADORE related.
! There arc ru1nors flying about this morning
that q robbery Of Treasury Notes has been dis
| covered which throws tho Bni1ey Transaction
| into the shade. II is said to have been oi
| Treasury Notes that were redeemed, but not
cancelled, aud were Issued 4 second time.
| Ruulor puts the amount 1T fao millions, but
am not yet prepared to credit it; though the
public are ready to bcleyc the worst that can
| be Imagined. after what the Administration il
known to have done Ptculation Is a email
offence comturcd will. treason and perjury
and this Administration, in tn: fac: OF thcl'
| oaths to support the Constitution, arc con
throw and destroy it. In view of what !:
tr1nspIrins here, It strikes me that The North
hns grievances that require redress and adjust
| meut.
The Empire Of South Carolina is getting in
| TO deeCcr water than her nobility kpow how te
navigate. All the federal officers have been
relieved ot their allegiance 10 the Federal Gov
| crument, by the "Soycrti.n Convention ci
the conriavc Of traitors call themselves. They
| have nothing more to DO than to resign. Thlt
| leaves the State without 4 post-otice. AL LEI
| tiers directed 70 any part Of South Carolini:
| will be sent 10 the dea1 letter office, and al
papers, magazines, books, &c, will be sold ~
deal mattel or returned 10 the scncrr. Nothing
can be mailed in SoutA Carolina Ia any part O.
! the United Statcs or abroad But this IL not tht
worst. Charleston will bc left without Fed
| erl1 Collector, and no vessel can sail from thai
harbor except at tie risk Of being seized IS :
pirate ty the war vessels Of any nation: Al
commerce to that port must Immediately
cease. No products can be shipped fror
there. All business will be knocked in tht
head. The cotton, rice, and other products O.
that State must be shipped inland to tho por
Of some loyal State, 10 Richmond, for instance
hut II Virginia seccdes, TO baltimore, Fhita
de1phsa or New York. There is no Iossibl'
cscape from this result
The Custom House at Charleston cost th'
Federal Government orcr t:po slRt;oks. II l.
the finest In the Union, and has been .ilsc'
with South Carolina clerks whose salaries COZ
sumo all the revenues collected there aEd 1
good deal more. These fre-eating cockade
will now hare chance to cool their heels o.
the pavement, and support their treason an
| cxtr1yaC1ncc from some other fund. ~
Post Office at Charleston WIS also hllc1 witt
fast young traitors. living OF Uncle sun,
Commons to repent their folly at their lcisur&
The receipts Of hostage from the State Q
South Carolina for tie year ending duly Isl
1850, were slo1,5SSG; and the expeuditurcz
6310,o6S- Showing deficit Of Sill 81 III
Government has thus spent three dollars
carry and deliver mail matter for the rcbels
every dollar received for such services. Wha
an Oppressive Government this has been q
the rtoplc Of that State. What an awful Ii: