Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-04-30
u MON aud dispatch.
THURSDAY. APRIL 80 Is0s
Largest Circulation in City and state.
THE TREASURY RING.

Mere Light Needed-A National Rank
President ON the TnIied STATES SeugtF
Finance COnmItfee-Unifed States
Deposits In National Banks-sseere.
tary McCuII0ch's letter. Facts BhOW-
ing How the Peoples Money Is Used.
Correspondence Of the New York Herald.
WAsHINGToN, April "A, tS68.-A little
light thrown upon the operations Of the
Treasury ring Just at this time would be
productive Of much good. Whatever
change may take place in administrations
OF parties, the Treasury ring remains,
ready to adapt itself TO any political ex-
igency 20 long as it is permitted TO taanip-
ulate the peoples money for its own ben
eft Changing one form Of government
security for another and making a fat COM
mission on both; making secret sales of
government gold, 50 as 10 leave a hand
some margin 10 operators and depositng
the peoples borrowed money ia pet ma
tionai banks, without interest, are among
the favOrite operations Of this infamous
combination, which exists only by the
timidity Of politicians and an absence Of
a knowledge among the people Of its OPP
erations.
The bill prohibiting the deposit OF pub
lie money in national banks in places
where government Snb-Treasury deposi
tories exist, which passed the House al
most unanimously ia January last, only
to be shelved in the Senate, needs consid-
cradle light.
On the 4th Of December last the House,
by resolution, requested the Secretary of
81 -, IT.. sc
"the amount Of government funds that re-
manned on deposit in national banks, speci-
flying the amount 10 each bank on the LIST
day Of each month from the 30th Of June,
1865, 10 the 3lst Of October, 1867"
On the 9lh Of January, after nearly FIVE
weeks delay, Mr.. Secretary McOulloch
vouchsafed a reply, which, when printed.
made pamphlet Of thirty pages, and which
he stated he believed to contain the de-
sired information"
This thirty page reply does not contain
the desired Information, Mr.. McCulloch's
belief TO the contrary notwithstanding.
Ii speciies the amount of government
funds Oh deposit in each national bank
witho Mt interest from the Both June, 1866
TO 3lst October, 1867, but does not give the
AlnhNAA VI EOhEAnAhNA AAAAAo AiiftA AStAt
on deposit in national banks, as was re-
quired by the language Of the resolution.
In order to get the aggregate amount
seventeen long columns of figures, each
containing some four hundred items, must
be footed up, and few small credits not
called for by the resolution, but which were
put in the debit columns, must be omitted
In the footinp or footed by themselyes and
twice deducted from the aggregate. So
that to find by Mr.. McCulloch's letter the
amount Of government funds deposited 10
national banks would require at least
week. labor of a akilled accountant
Several guesses have been made, but |
have taken the trouble to have the exact
footiogs made for sixteen months 20 that
the people may learn what amount of their
money has been placed in few pet ma
tionsl banks without interest, from June
80, 1866, to October ], 1867. The follow
ing are the exact amounts