Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-01-31
Speculations and Swindles in Greenbacks.

6peculations and Swindles in Greenbacks.
The Oregon papers have, of late,
been much exercised in regard to GER
tain swindIcs alleged to have been per-
pctrated by Col. Rector, and Others, in
grcenbacks. The facts of the case, so
far as Rector is concerned, appear to be
as follows: Acting in the capacity Of
Superintendent of Indian Affairs for
Oregon, he received Z. S. draft, pay
able in San Francisco, for S72,O 900.
This he sold to Ladd & Tilton, bankers
in Portland, receiving, in exchange
therefor, 500, 100 in greenbacks, and
$4,000 in coin. They presented the
draft to MIR. Chcesman, the Assistant
Treasurer of the U. S. in San Francis
co, and received therefor 100000 in
gold, and the balance in "legal tender
notes. Mr.. Rector denies that he made
anything out of the transaction, and
says that he exchanged the draft for
glcenbacks, in order that he might
the more readily obtain funds to dis
bnrsc in his department; but there are
two features in this affair worthy of no.
ticc. LIST. Only a portion-lcss than
one. half, we believe, but have not the
figures at present to refer to-of the
So, 900 was advanced by Messrs. Ladd
L. Tilton at the time the draft was trans
ftrred; the balance was paid by them
after they had received their returns
from San Francisco. I'd. Mr.. Rector
was Informed, before he disposed of the
draft, that the sub treasury at San
Francisco was paying specie; he found
it convenient to visit that city shortly
after the draft was forwarded, and was
probably there when it was paid.
From $4,000 to $4,000 have been
made out of this discreditable transac-
ton by some person or persons; and
as grcenbacks have since rapidly de-
preciated, those who received them
have probably lost from $4,000 to
$4,000. IF Mr.. Rector made nothing
by the exchange, he has, to say the
least, committed blunder; and blum
dercrs have, of late, been doing more
harm than criminals. We do not con-
slider it the province Of Republican
paper TO attempt to uphold the trans
actions of every swindlcr and blum
lcrcr who happens to get into office
under the present administration, but
rather to expose them, in order that
/ they may be removed, and better men
appointed to fill their places. This re-:
mark applies, not only to Mr.. Rector,
but to others who, it is alleged, have of
late been attempting to make a good
thing" in an unjustifiable manner, out
of their official positions.
FINDING FAULT-We notice in some of
our Oregon exchanges, quite disposition to
find fault with some of the officials of this Ter.
ritory. The Statesman and Orcgouian, in
their Juror against Government currency,
have this week made IN attack on the Super
in.endent Of Indian Affairs of this Territory.
We are satisfied that the charge is as untrue
as unjust, and we are very decidedly of the
opinion, that, it would be as we'll for our Orc.
gon brethren to attend to matters within their
own borders and leave us to take care Of our
selves, and the officials, who have been ap-
pointed by our Uncle Abe. Perhaps our Of
ficials are of different stripe to some Of those,
with which Oregon is blessed. At any rate,
we would suggest that the papers mentioned
had as well keep cool, until further advised.
If any such practices as are charged had oh.
tanned, the people Of Olympia would be like
ly to know it, and to enter complaint. They
have no such knowledge, and do not complain.
We shall be as ready to condemn, as our Ore
gon neighbors, if we find such practice is
pursued. We are well satisfied, and SO arc
all here who are at all cognizant of the facts,
that the Superintendent Of Indian Affairs in
this Territory, has paid out just such money
as he has received.
Is UNCLE ABE DEMOCRAT The Ore
gon Statesman, in speaking Of the election of
Richardson as U. s. Senator from Illinois,
says: " Richardson, elected to Douglas va
cancy, from Illinois, is a member Of the pres
emf House, and has inst heen ro.alactod 70 III.