Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-05-18
Curren, Calamity as Reported

A Current Calamity NJ Reported.
WASHINGTON, May l7.-Gen. Howard,
of the Freedmsn's Bureau, writes, in an
swer to a private letter, concerning the
S,eadman and Fullerton report:
at is true, many Of the officers, all
through the South, have invested what
little money they could in cultiva.ing
plantations; but I have never found any
cases of the prostitution Of official position
for private gain. I encourage setting all
idlers at work. The same malcontents
who raised the false alarm that the negroes
would no. work in freedom, now seek to
blacken the reputation of every man who
has shown the falsity Of their theories, by
practical demonstration, and declare that
official position is used to rob them Of
their hands. We had q large accumula-
ton Of people, and we did set them at
work. I have not yet the facts, as to
North Carolina, but you and your friends
may res. assured that every shadow Of &C.
cusation of completely in crime, on the
part of officers there, is utterly without
foundation. expect denunciation of this
Bureau ; but the anne denunciation could
be made against the Treasury Department
or any other Department Of the Govern
ment, with equal justice. The Bureau
does not do enough to secure the rights of
the negro, I admit; but it does not burn
negro churches and school houses (; it does
not reject negro testimony; it prevents
starvation until the next crop comes; it
will always keep it's legitimate objects
closely in view Of promoting industry,
education and justice"
Good speed.
WASHINGTON, May l7.-Attorney Gen.
eral Speed returned, last evening, from his
visit to Louisville.
Poculntors In Limbo-Heavy swindlo
The Secretary Of War has ordered Lieut..
Colonel spaulding under close arrest.
Other arrests Of Government officers who
deposited funds in the Merchants Nation
al Bank, ore likely to follow.
1t appears from the official investigation,
that on the Goth Of April, Paymaster
Spaulding attended a meeting of the Di-
rectors of the Bank, held to arrange for
the transfer Of the public funds to the
Bank, and by the Bank to Baine s Co.,
to save both from suspension. Baine &
Co. then passed to the Bank upwards Of
half a million. The next day, April 2lst,
Spaulding transferred 100000, which
was Immediately passed over to the Balti-
more operators.
The other amounts deposited in the
bank by Government officials from that
date to May Sd, when the bank suspend
ed, are as follows: D. N. Cooley, Com
missioner of Indian Affairs, Sl0,790 ;
Paymaster J. B. NJ. Potter, $4,000 ;
Hobbs, Disbursing Clerk Of Treasury,
S26, zoo; H. A. Risley, special agent Of
Treasury, S26, Paymaster VIM. B.
Rochester, $4,000. The whole amount
of Government funds deposited in the
bank up to the time Of the suspension was
S762.322. The whole amount loaned
Baine s. Co.. upon which there is 10 pros
pect of receiving n penny, was STA
40. Individual deposits amount to
S3s, 900. The assets Of the bank, not
counting the security for the circulation,
are as follows: specie, $S,ooS; legal
tenders, revenue stamps, ETC., $75s SO
bills receivable, not yet due, $3.50 ditto,
past due and protested, S25,347 ; furni-
ture estimated at $50 III due from other
banks, $3.50.
The bank had hypothetical securities
not described, to the value Of Slss, 62S, at
New York, for the loan Of Sll6,ooO, and
there may be something derived from this
quarter. There is due other banks the
sum Of S65, 1872. The failure Of this bank
is a most unmitigated swindle.
The House committee have begun the
examination Of witnesses, which will show
the amount of interest paid OIL Govern
mens deposits. 1t appears from the Trea-
sury statement that there are $2l,7so,35S
public funds deposited in the National
Banks, including $ll,4Oo,4Sl in cities
where there are no sub.treasuries estab-
lished. There will be an entire overhaul
ing of this system.
Old Gwin Released.
New ORLEANS. May l6.-Gwin was
released on parole, without conditions.
Hc refused to take the oath Of allegiance,
preferring to leave the country. He is
visiting his friends in the city to-day.
Toombs Departs.
Robert Toombs left for Europe May 10.
Austrian Troops for Mexico.
NEW YoRK, May F.-Mr. Barreda,
who has just arrived at Washington from
Europe, brings information that 1000
Austrian troops had been sent to Mexico
since the determination to withdraw the
French troops was made public; and he
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