New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-02-19

by the House OF Representatives. Among such
amendments was ole proposing to strike out the pro-
vso Of the Hou'o bill, which directed that no part
Of The appropriation made by the bill should be
used in paymen, of any sum due any existing
contract for engraving printing Treasury bonds or
notes, and substituting the following clause: For
the necessary expenses in carrying into effect the act
Of Eth July, 1861, aud tie act Of 9Th Of August,
1861, in addition W the appropriations made by
those acts, $4,000" When this amendment canoe
up for consideration it led to the following expians-
ton from the Senator who was aching as the organ
Of the Finance Committee, and which reflects great
credit upon Mr. Sub-Treasurer Cisco for the ia'h-
funess and promptness with which he executed the
trust conided to him by Mr.. Chase
Mr.. PRARcE-I with TO explain THE amendment 10
the Senate. | Am impelled to do 50 by a sense OF
nstice to the Treasury Department. Inc Iionse Oh
Representatives. seem 10 have restricted tlen III Ie
gardto the an LEGATION of this appropriation ana or
hidden its being applied IN payment OF any eAiS-Ins
contracts; whether because they supposed there was
ANYTHING improper In the making OF these c0ntiaels
any uniairness in awarding them among the com
peiitors or any error Of any description, tine COMMITTEE
DO not exactly know except by tie denates' nave
taken pains, h6weves 10 examine AL TIE CORRESPOND
ence on the subject Of the Department CT the Treas
urv. and II il proper that / should state that the
whole affair appears to have been managed witn lhe
most perfect integrity and Judgment not only by t1e
Secretary Of the Treasury but by all concerned In
/ his Department. 1 think u Is proper tlat shouiu
read 10 the Senate some PORTIONS of the correspond
ence which have here that they may zee that 90
not state these things without knowledge ana WIN
out evidence OF the facts. :.
! | will premise that there are TWO companies ia
/ Nev-lork who are eInploYed-thc American bahk-
Note Company and the National Company BOth
tbege Comranes possess all the capital to carry on
such cperations as these; both have the necessary
skill and facilities, and both are enabled 10 inrhsh
I to the Government the security and safety Oh the
immense amount OF Treasury Notes which they
have in charye-very important considerations. NO
other DIR, les applied for the contract and DsiloNe
there were but two Others appeared 10 present the
same qualifications. one vi them, DeieVe, H'lu
skill, but had not capital; gentleman repfeseh-
ing what was called the New-foIk Banh-No'e
Coinrnny; in TACT he was President, Director,
and Company himself; but he had not tie neces
cary cqqitsl and means 70 Furnish those nOles WIN
the proper Dispatch, snd 10 give peieet security 10
the Government while they were IN LIS CUSTODY.
Another party's application was thought TO be not
worthy Of consideration, for reasons thtt need MOI
mention The Secretary Instructed Mr.. Cisco TO
make the contracts. They are not such az lie Wis
bound 10 advertise for, ond maniiesly II "ouid De
very improper to subject these contracts 10 that RUE
! The Secretary OF me Treasury III letter 10 the
Chairman OF the Finance Committee, has eSplained
the transaction and given someNna oil the details
THvtsrRY DgplHrAENr Feb. 5. 1901.
su.: In coap nee with your further request relative 70
OF I'm al Juy a.i ~: ADeu't ss ha'e the honor 70 ,lir
that the vhoc alHV on account 81 c'sr'Nins, Ispe
s numbering the several ssuc, a. received 70 INC
2.lh January lls., IL ~ iol1wai
For printing numbering IA paper therefor OF
thfecyeaTs bonds, li2tOO iInpfe.'ons repre- o.o O.,
FOR iavirg lnd ateIirg plates for thTce-yesf'
bOEds suo letouclius 80 "
Aggregate fof three ysars bonds.......... 2i.i2 o.
For eu7Tayos rrH;ing aud naub.-ins tnisd
for say So ~ sleets requiring 4J-b,..O i'm - %,
pIe.tiln. reprcieu,iug n value si7oeolJ.'. HS"' .
Total engraving printing and psper....... +lJ' go g.
H. addition h-Fo n be further demand To- shout IL
nilons Of dollars OF ssfsi bonds Of pint
iuR bv the National Bsns Note Conf suy
The cc al fofce required % ,sn Icsh;' and oh,~ls
20 you'll requires monthly p1ynrut 81 p ~ AZ
clks ~ the Office. 4 te Ass,ut IIslsutefs - j.
FOR coniui s.n 10 sub.cptln astlts t.t5 a. MAJ
a.ges.e tsoe4aed lld luitsied claims aolnun. 10
Or bis there Ia, been paid shu, ar fo p.p.r susr'as
prnii snd numbering @l,t,ot" 3D. thc "h'ie 'P
4, an. a l. e,pe-,d to cover al tie esler', q shs
ever character fucluinr Of ffanspofa orn the
Tes.ry ia Waahiu.ton the several points o. diouf'c
net fr aioreTy ard ell other occidental cfI-ff- b. "as
hese chsrges o. which, oorlirrabs Boa OH fudo ~
a. trsn, ion Of United Ss'e, notes o. fc' where &c.
CURED aen' ',' no. incurred b oid.,r' lo'r.
Of tie ~ Aseeaieals a. through iie A''i.,.at
uler a YoTi With the American and aouf hnus Noe
Companies for furnishing the ptPef ara io he e.sa,ns
printing and unmesT,uy u ne .e'ei. es.'.. a 49,, @
Tndfcr 10 conn, elton herewith. TIE Cue ton ~ whom
NOT .csnoncsy served referred TO that OIL who,
by personal Ano~else AMI iuye'soon could 9et d'rf-
outing he required ork, aad or the ne SeeP'us u ne
H. dee.on va, carefully made after ful inquiry I'D
Inc so OF he BaE Note tonI sne, la. been veil done.
% 10 t.afe
pad or similar ~ork aud no loss whatever has been a' yet
rave tho honor si' to be- with res: I.'2sit your ote.
Secretary Of tnc Tisasary.
Tie Hon. WILLIAM Pm FEssGSDrN.
Chairman Committee fipsnee L. 3 Senate
Twill read some extracts from the correspondence
between the Department and Air. Greco in relation
70 the subject In letter OF Mr.. Cisco, Of Jan. ii,
1902 10 the Secretary reviewing the whole subject,
he ssye:
81 desire ~ the outset q this letter 10 sy That hom the
very commencement yoI nam eIfriAe entire rs'pons1iy
o. 6lAns ties contract nd tie oLase Of tire wolL 20 my
By wh., u ny Judsncu woud most c3lduoe 10 tr public
a,ee.; have e4deayoIsit to discharge ny duty faithfully in
the preHises'
In a note from Mr. Cisco 70 the Treasury Depart.
uent, dated July -, 1861, lie sad
There car be doubt tia, tie American Banl Note ON.
psry the largest a ard the largest iiri ss
petition, IN workmanship should de"n il Therefore II
pedient employ tAen provided their ,afges s-c
Tory, and thu they put srIcier' frcs o. accomplish
wlst necessary within ha required tine In rols'ion 20
charges nave not been cole 90 obsn the necessary
formation ratisy shall oudessOr TO do
when viii write 70 you asain"
On the same day, the 23d day Of July, Mr. Chase
teegraphed 70 Mr. Cisco:
In referring the American Note COMPANY 10 you n was
not purpose exclude from consd' asiou The ofe Of the
National Banl Note Company, Or Indeed aly other'
On Tire 18Th Of July, M. CLEO wrote to the
Treasury Department:
Il have carefully investigated the whole subject, d ~
ou have decided to employ tho American Buuk Note Com
g1qy. Ia coming Gcc ion hive been Of couue D. Y
giled ~ the nferrst. Of tho OoyeImsnt They have IN
lL..-.- 1870