Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-08-21
THE ALLEGED FRAUDS IN THE TREASURY
DEPARTMENT. ~

II
ebaye heretofore referred to the charges
Of frauds in the Treasury Dspartment made
in a New York journal, which would seem TO
be published with the sole idea Of destroying
confidence in the management OF that branch
of the public service. Such accusations ere
ALWAYS more or less mischievous, but in this
case, as we have already stated, they were
almost powerless in impairing the national
credit This is matter in which every mem
Der Of the community is deeply interested, be-
cause If confidence in the public securities IL
destroyed or weakened, every business inter-
est is affected unfavorably. and the whole
people suffer. This assault was COMPARE
lively harmless, for two reasons:-First, be-
cause in financial CIRCLES it was well
known that the charges came from par.
ties interested in breaking up the Currency
Bureau. The contractors for printing certain
denominations of National Bank notes hav-
ing lest their profitable job through the deter
uiination OF the Department to p Print such notes.
hereafter, In the Currency, Bureau, and hav-
ing failed in their efforts to sell their printing
machinery to the Treasury,the animus of these
attacks is fully shown. Second, the charges
were loose, and not at all specific, (such as
any irresponsible persons may originate ev4ry
day in the week. and were unaccompanied
with q word OF proof to sustain them. Such
allegations, however, are calculated to havs
unfavorable effect abroad, where the facts are
not fully known, in lessening the demand for
our Government be- ads, thus depreciating their
value al home. and we are, therefore, glad that
the Secretary Of the Treasury has deemed it
proper to deny their truth, which he does in
the following letter:
TREASURY DEPARTMENT, Aug. II, 1867
A. H. Fan Dyck, Esq, Assist Treas'r, New York
a V~or "a rN-aHf rnCN yNY,N
of the Globe, which seem to be devoted to as
saults upon the Treasury Department and the
national credit
No man in the country has a deeper interest
than myselfin knowing whether or not there
have been over-issues In the Printing Bureau
OF the Treasury Department. have, therefore,
as you have already been advised, caused
searching examination of that Bureau to be
made, from its organization up to the Gath of
January last, by some of the most competent
and reliable employees Of this Department.
From their report am sati sfed that there have
not been any over issues OF Government securi-
ties, or Government obligations OF any kind;
and that the reports which have been SO in.
dustrlously circulated in your city aud in other
parts of the country, in regard to frauds in the
Treasury department, are without foundation
The public may rest satisfied that the monthly
statements of the condition of the Treasury,
over the signature of the Secretary, are entire
ly correct.
All statements in regard to the suppression
OF reports OF examining committees are like
l enclose copy of the partial report of the
Committee, made to me on the gid of March
last, which was extensively published at the
time. The tull report confirms tn conclusion
of the Committee as stated in their partial re.
port. i am, very truly, yours,
-s. II. MCCgLLooH,
Secretary OF the Treasury.
The partial report to which the Secretary
refers is signed by A. S. Pratt, T. D Moore, A.
L. Wayman, and s. W. Marsh, committee,
Who say they have made a careful in vestigation
with reference TO the issue Of bonds, treasury
notes, and coupons, and, up to tae present
time, find no evidence that there has been any
fraudulent or over tissue Of such securities by
the Government Of the U nited States, through
the Treasury Department, or otherwise; and
they do not hesitate to express the opinion,
based upon the in vestigaton that no fraudu
lent OF over Issue hes been made. An exami-
nation of the Office OF the Register Of the Trea.
sury in which REDEEM ptions OF such SCI urities
are registered. confirms this opinion the APP
parent duplication, to q very small amount, Of
treasury notes and coup ms. being most rea.
sonably accounted for, rs being errors made
in numbering, or by alterations made after
their Issue.