The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1864-10-29
The Presidents Salary.
I From the Philadelphia Press.

[From the Philadelphia rr'ss.l
How the President receives his salary. or
what he does with it. has seemed to us too
small matter for newspaper comment but
it is upon downright t;llschood. in connection
with such subjects as these. that some of the
chief arguments of our political opponents
are based, The report that President Lin
coin drew his salary in gold originated, it is
well known. in talsely-styled Democratic
paper of this city. We gave its wrctched
story fitting contempt. dismissing ii in few
drawing his salary in gold. the President had
rarcis drawn his salary at all. The SANDER.
however, travelled further than the truth.
| and at last reached the ears of Register
Crttcndcn, Of the Treasury, then ut home
| in Vermont, from whom it received an in
! dgnant denial. II has also called forth a
letter from United States Treasurer Spinner.
in answer to the questions Of a friend in
New Jersey. The whole rcfutation does SO
much honor to the magnanimous and simple
character of the President, that VIC are
| amazed at Ike foo'hardincss of the ialschood
which provoked it. We desire to make an
example Of this story. for the benefit of its
class. and we therefore publish the following
extract from the letter OF Gen. Spinner, the
[. $. Treasurer;
"WAsInNGToN, Oct. 1G. 1864.
'''Thc salary Of the President is paid on
warrant drafts on TIE Treasury for the a
mouu due. less income tax. Ilese war
, rants are paid him regularly, monthly. In
stead Of drawing his money on these drafts.
he has been in the habit of leaving it long
| time without interest. In one case Ills Salo-
RI remained for cieren MONTHS
son several occasions | solicited the Pres
IL u.
me, who gains By my loss?' On my an
swcring The United States he replied.
Thca. as ii goes for tie good Of the country,
let il remain: tile Treasury needs il more
/ than DO.
| "llaring at length satisfied the President
| that it was necessary to the closing of my
| annual accounts that the drafts on the Treas
| MY that lac held should be presented and
| paid. he endorsed and handed them to me-
drew the amount in United States notes
and placed it to his credit as Il temporary
loan at > per cent per annnm. payable prin
| rlpal and interest. in grecnbacks. Since
then his salary has BEEN from time to time
| invested in stocks of the United States.
purchased at current rates by his friends for
| him. The interests of these stocks is paya-
..r in coin. When this interest became due.
| | tried to inuu,U him to draw it. Failing in
" "urS' Wv ,'n.'"',t uuc l!'iii -" HSi', az"
| ny non; b. !; hdcrwooa, Judge OF the
nue.! STATES court District OF irgnia;;
;, An Investigation OF the transactions OF the
President connected with the receipt of lis
salary has been made, from which it appears
| that Mr. Lincoln from his forhcarancc in
collecting his dues, has last al least tour
Thousand dollars. dnd rhirh he has rirtttaliy
giren to tie peoplc Of tie Taiied Sfatcs.
John {. Underwood states to Gen Spin
',o' ~ Wv t','H PnEl W '"St SUMMER you
~, ~. Nv : W '',N' :, ''.'': p'S VI E''u oyer
w., ~ "'1!' II '''"''Eto' 1T pelhg
~, ~ ,,>1 ."t "iI'' r"'c!'i''c''
'""N , '"r Jay 10 Hr' Lincoln any oei''ercd
.o"r ',!'SS"He' n'l' c"', ~ oTt 'he com 10
eyer . t's.at hundred collars ll'S reply was
,,,, ""I +" Nv III '''I,''"'T want Vi 'n'
money ana nc reasoned the rc"Sury need
w; IT, "'"re t'''.n ne "lu' hHH' therefore. ne
, m;s'l," '''o y" ti'Nr p'l'N 10 YOU ma, II
";.a wi ''' "'','' VI 'i'e country,
opo" y, ms h"o'e example OF
l,'' .','''" an" "'Sc''S" "cN"''on 10 inc
STch! cause IN "h'ch we are engaged, obey
Iu MN anu as YOU fehcn'oef' returned the
wy M''h i IT. e1n'eh'S TO your custody.
= l:c'"! u''le' assistant cashier OF the
=, N.Y., w. .''"'eS' "rneS 10 "rn. spinner mat
NC l''S' investment OF inc freSlIcnt was IN
S'NicG" Thousand TWO hundred dollars seven
ana ',' 'lfce leh'hS bonds, which he left in the
T an as SPECIAL deposit IN the W inter Of
lS'2' ana hetd them until july when he con
Vcr, , them INTO SKIES.
me interest on the ,seHcn-thirtics was
usually left uncoIlcctcd after falling due
FOR instance the interest was sent him in
20 "hici lie returned, win the message
mat inc government II cdcd it more than he
dld. On the hrSt OF August, a friend of the
PRESIDENT came INTO the cashiers room with
eleven Treasury drafts due the President,
eaeh dratt helng tor a months salary. max
ing IN all the preceding eleven months sal
airy. or twenty-five thousand three hundred
"nlsn amount " 'on' ccr'lEcate was gwen,