Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-12-29
.................,..........s3,44g, 500, 1902
IOLdl ..s.s.s......s.s
FAXED hY the State.


These securities yielded an annual income Of
S22O,000, and were ordinarily deposited in the
vaults of the Treasury for safe keeping, but were
probably temporarily transferred to the Interior
Department for the purpose of detaching the cOu-
pons for the collection of the January interest to
meet the next annual Indian 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 complication in the nation
affairs.
The robberes commenced as late as July last and
the confession of Bailey, the clerk, to Secretary
Thompson, points to the conclusion that million
aire OF New York is in fact the guilty party. The
United States Marshal of New York, Rynders, has
already been apprized of the fact
HeueR o'clock, p. Mt lis stated that GODDARD
Bailey, who had charge of the Indian Trust Fund
has confessed the Secretary of the Interior that
he had taken from the iron safe large amount of
State bonds and coupons belonging to the Trust
Fund.- and that they no longer in the possession
of the Government Upon investigation in the pre-
sence of Bailey his statements were unfortunately
found to be but too true. The amount distracted Is
about $4,000.
Secretary Thompson's examination of the books
of his department kept him employed in company
with members of the Cabinet and other prominent
public men, uutil o'clock tins morning The con-
fession of Bailey was corrObOrated by the investi-
CATION and it discovered that. out of So 900 600
in bonds, $4,000 had been felomously abstract
ed. Secretary Thompson says Bailey is now in the
city.
The robbery of these bon Is has been going on
since July last. A New York millionaire, whose
name has not vet been officially disclosed, prevailed
upon Mr.. Bailey, the clerk Of the Interior Depart
ment, who has the charge Of matters of this de-
scrlpuon, tc give Inn the North Carolina and Mis-
souri, bonds, with the assurance that they would be
returned within specified time. The financial re-
vulslon occurred. the bonds deprecated in value,
and their return at rates current when they were
gwen was entirely out Of the question; and mean
time the party to whom they were given failed. In
this extremity Bailey who Is a warm personal
friend of the Secretary Of the Interior knowing that
any further secresy was useless, and That an eX-
plosIon must sooner or later occur, unb0sOmed HIM
self to Secretary Thomson in letter lie related
IN detail the circumstances Of the case and the Sec
rotary Immediately abandoned the object OF his
mission TO North Carolina, and returned to the
seat Of Government to investigate the matter.
Besides banking house in New ORR, an extern
siye contractor with the Government, and heavy
house in Chicago and others may be disturbed by
this Development.
Among the rumors connected with the robbery
of the Indian bonds is one which involves member
Of the Cabinet whose acceptanees are said to be de-
posted place of them. 1t is said that the Pres-
dent has demanded the resignation OF the Cabinet
officer referred to.