The Daily empire. (Dayton, Ohio) 1865-1867, 1866-03-21

The Controversy Between the
Secretary and Comptroller of the
Treasury.
Our readers are aware that Mr.. CLARK,
the Comptroller of the United States Treas
ury, has made very pointed attack upon
the late reports Of Mr.. McCULLoUCH, the
Secretary in relation to the state of the ma
tlonal finances. The first letter of Mr..
CLARK, on this subject, has been followed
by second, addressed to the Committee Of
Ways and Means, a synopsis of which is
contained in a special telegram to the Gin
cinnati Gazette Of yesterday, from which
we make the following extracts IL con-
talns some interesting and startling facts,
II they are truly stated
Mr.. Clark refers 10 the various figures
which have been furnished by the Treasu-
rer of the United States, and published in
the city papers and argues at length from
them that they sustain the position taken
by him respecting the amount OF money on
hand or subject to the order Of the Seere-
tary of the Treasury. lie says they further
reveal the fact that the Government held on
the first OF the present month over $75,-
| 100000 in coin, instead of S55,736. 100 as
represented by the Secretary's monthly
statement. NO representations made by
me-" he continues, ''are so unfilvorable to
| the position assumed by the Secretary as
these figures, which have appeared in pa
pers favorable to the department, and which
are suffered TO originate and circulate with
| out objection or contravention."
| The Comptroller then takes up the Ma
! tional Bank question, and says that there
are no indications in the monthly state
ments of the Secretary to show that the
deposits of the National Banks are in
| cluded, nor is any reference made to them.
| In his last monthly statement there Il re-
ported as follows: Coin, $3.50, 100; Cur
rency. $50. 2S2767. This comprises al that
| Is said with reference to money in the
Treasury at the disposal Of the Secretary,
and the same form appears In each monthly
statement and It previously appears in
the reports that the coin on special deposit
Is included in these sums.
Mr., Clark then proceeded % show by the
returns of the National Banks, that It Is
impossible that the deposits in the banks
should have been included In the Secreta-
ry's monthly statements The statement
made on the 10th of April, 1865, shows a
balance In the Treasury. including coin OF
$56.4Sl,0 ,0l4, and on that very day there was
on deposit in the National Banks alone the
sum Of 1880. 40. He then takes up the
statements and returns for the succeeding
months, aud shows that in April the de-
posits in the National Banks were three
times rs much as the whole amount In the
Treasury; in May. twice as much, and In
June, nearly one and a half as much and
finally, in the six months from July to De-
cember, there were but two months In
which the deposits In the National Banks
did not exceed the whole amount OF cur
rency reported in the Treasury,
This statement he follows with one ol
similar import for the months of this year
and says that from these exhibits it Is eyi-
dent that the deposits Of the National
Banks could not have been included In the
amount of money reported to be on hand
on the first of each month. As an Illus
tration of this, he takes the exhibit for the
month of February last. If the twenty
eight millions of dollars on deposit at tn,
end OF that month In the National Banks IL
deducted from the amount reported rs cur.
Tency, there would be left only S32, ,2S276i
In currency on hand In the Treasury anC
Sub-Treasurles, which every Intelligent
banker and merchant in New York know!
was less than the amount in the Sub
Treasury of that city alone.
He continues: "Since the foregoing wa,
prepared, my attention has been called TO
, communication of the Secretary of tn,
/ Treasury In the morning papers, addressed
TO the Speaker of the House on the l6ti
| l1Sta EtpftatHtlilk lhhl tHtTt WAS dl lnh
period on hand Nh available balance o
23,423, SS5 consisting of $57799,92l IN
, coin, aud S65,623,SS5 Ia currency. With
regard 10 the statement, it Is evident tina
> the coin received on special deposit Is no
} included, but was included with the Secre
= tary's statement Of the LIST OF March, which
sum, as stated In the supplemental repOr
of the Treasurer, on the 18th Of February
was represented to be $50, ,440. Tbi
sum added TO Sl23423,S55 aud the $7,750
$50 growing out of the illegal sales ant
purchase OF compound interest notes
United States 7-30 notes and $40 bonds in
I elusive will make Sl5l. .990476.
7 IL therefore appears that my statement 4
, the Secretary that there was according e
/, my suppositlon one hundred aud fifty mil
lions In the Treasury subject 10 his order, /
} fully sustained by this representation
/ officially made 10 Congress, and preclude
the necessity of any further notice or eX
planatiOn from me on the subject. III thu
currency value or premium on the golC
, owned by the Government be included, i
; would add from fifteen 10 eighteen mil
lions TO the above amount.
Mr.. Clark concludes by saying III vii
} be seen by the statement OF the disbuTse
ments Of the Treasury, US published, tina
: the disbursements and transfers for the las
week amounted 10 $2s,3S8,577, or NOR
than ai70O,0O0 per diem, prior TO the fepor
of the Secretary 10 Congress, which woIlt
represent very large transactions during
time Of peace"
| The ten appointments at large for Wes
, Point Cadets have not been made by tbs
President or Secretary of War. Some flys