Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1861-02-22

TIL GRIT Eru--rl-Tl report y tAe
select clmmi,;ae % lan-ess. Islao y. Nor
rs Of I-r..-. cl-rnanl upon tie Indian
Iru5, 6--l-..3. establishes the GLOWING
A-,z
T. @ Ez-S---.a-r WAS & gracefully
Glp-cl-.i ia the -otoe~-.
1aa. -1e P-sslea. v4 a. u 4o thet:
asa ago.
81. TIA. tie c,esa D-.S, v- made Tie tool
" the consrirlto-s.
i. That Russell is f-lr.--y ilv5.vc- IL tie
TRANSACTION. and
g.. That the soverrnel, l1s-s es-r six millions
Of dollars.
TIE report deals FIST with tie llcs5 relating t.
tie abstraction Of $50, 900 from the Indian trust
fund, and then with those relating g. Fl0vas ac-
c-eptaucls. II IS clear that the bonds were keptin
the mos, careless ma-rcr. Neither the Coumis-
sioner a Indian AEair- nor the Secretary of the
Interior ever counted them IN person, and knew
little about them except that TIC coupons were
paid every SIX months. Nr. Bailey, who had
charge Of the bonds, came to Washington q bank
rupt II fortune and az aivcu-1rcr seeking oflce.n
On the 18th Of Julv las. BE delivered 10 Nj. Russell
Of the firm Of Russell, Majors and Wa1deI. $780,
600 Of the bocds. taxing the note Of the firm as
security. This was done, 1t is said, 70 prevent
Mr.. Flayds acceptance, held by Russell, from
going &c pr0test,ls IL that event il was represent
cd Mr.. Floyd would be greatly agoniz5d and
disturbed IN September 5e7 more bonds were
transferred 20 M. Russell IL q similar manner.
The bonus we're 70 be returned In ninety DAYS, bat
afterwards It vss arranged that they might be
retained nj tls day IF Lincoln 2 r7cualr1i2n. This ]
may serve as 3 specimen Of the processes by which
$500 were Eicled from the Indian trust fund.
The committee think that Russell j guilty by his
own confession.
Most OF the acceptance given b7 Flovd we're
conditional and payable ont Of the future earnings
Of Russell, Majors 8 Waddell. The illegal issue
Of then has been going on for more than TWO
years, and amount, so la as has been vet discov-
cred, to tho snug little sum O.; s6,l79,305, not
reckoning the conditional acceptances given
through Bailey. Tbs total is probably OF least
600 900.
Senator benjamin test. hes that st the REQUEST
Of Duncan, Sherman & Co. he called on the Pres
ident 4 year a1d d half ago, and informed him Of
the illegal course Of Floyd. lie also, II seems.
gave Floyd himself an iltims.ion that such q mol
ley would not be profitable II the end. Fiovd
apparently struck with q spasm Of honesty or
fear and promised to reform. The President con.
tented himself with the reflection that the Issues
had been without his knowledge and with an ex.
preston Of confidence in Eioyds honesty. But tbo
Of Floyd was Iamcntabiv brief. since
that time he has Issued accopt:nces to the amount
Of S2,l63,0 900.
Such achapter has never before been revealed
in our history. It even adds new disgrace to
administration of Buchanan and who
would have thought that possible? We have
little doubt that no small part Of the funds
which have been thus lr4udulently raised,
has gone into the hands CT secession leaders
md has been usod for the purpose Of break
Ing up the government which Flovd was
plundering. There are rumors abroad Of
about $4,000 in coin having been forward
ed within a few months past BY exuress =,
times to Mr.. FloyJ's address in yir
GINA.