The Conservative. (M'connelsville, Ohio) 1866-1871, 1868-03-26
CONDITION OF THE NATIONAL
IAAAtE TREASURY e
BY A WRITER ron THE GIN. ENQUIRER

what divertlng the attention OF the |
people from the financial villa.nies of
tho Treasury Department. This 1t
was intended to do.
five are truo to ourselves this trick
will not succeed well.
There has been no limo heretofore
when Sc much wrong has been uupun
ished; when so much villainy has gono
by undiscovered and unexposed.
The people ofthe country must look
from tire mercenary sheets, under the
SURVEILLANCE of 5ondholders and CAPT
talists, to the Independent press of the
Western States, and the independent
statesmen of the country for help
against our oppressors.
The duty and, indeed, tho only hope
of tho Western States, IS an immediate
move for change IN our financial
condition, o..
| / know Of nothing that will facilitate
this change moro readily than o fair
and fearless expose OF the crimes Of the
Treasury Department, which has been
growing, year after year, more corrupt,
dangerous and desperate.
The banking system IS essentially
fraudulent and organized for thc pur
pose of fraud upon the people.
Tho President of the Continental
Banknote Company, Edward +. Dun-
bar, demonstrated with Secretary
Chase, when the latter proposed the
establishment of bank-Eote Engrav-
ing and Printing Bureau lE the Treas.
ury building, and offered as reason
for his objection that there was mo
accountability or responsibility" to any
one, and that "no adequate checks
could DO imposed upon the unlimited
facilities Of u Government mandatory
of paper money in tho Treasury Build.
ing" .,
This was apparent to every sensible
man who had any knowledge Of tho
ease with which paper money might
be surrcptitiously issued to the public
tnrouhg every avenue Of business and
trade. Fho whole scheme was the
foundation Of the most gigantic public
! fraud ever pcpetrated in the history OF
finances since tho days OF John Law, oi
France, or the assigna!e and mandate
of Mlrabeau and Robespiere.
s '''Thhs opportunity was improved by
the men appointed for the purpose o.
- overseeing and managing tho depart
ment. They never allowed an oppor
! tunty to escape them. The plan adop-
ted ostenslbly to avoid Gonterfoit issues
was the very one which they well knew
!. would facilitate it most readily, and
indeed made counterieiting easy anc
safo. Electrotyplng always produces
in tho duplicate such q perfect Jdt
I. simHe as dcfics detection. These eleo.
( trotypo plates are asily reproduced
and wero used at tho llmitless discre'
d tion of the operators, who wero held tC
no responsibility whatever. The dan
gers of tina system Wore Wellknownt L
every Intelligent bank.note engravel
ia the country; had been thoroughly
tested more thana quarter ofa century
ago, and were employed to give pre-
= text for and cover up the frauds ne
4. cessary to the plumber of the Treasury
contemplated by It's managers. Sr Th'
details of the manner in which thi
fraud has been often done has beer
duly exposed by Mr.. Dunbar.
To prevent the people from under
standing the magnitude and monstrou
! GnUfuCIOi OI IlGbO NillulHlCbt ONCIl
n trace has been covered up, and onl.
q now and then q whisper is heard
: while the people are robbed whole
sale.
- In the report to tho Secretary {
IN Treasury, Mr.. Chase, on tho 26th
November, 1864, 1T was stated by th
n n Chief of the Bureau of Currency thG
do there was q deficiency of fifty-fou
d. millions OF dollars in bonds, SO Nj
10 Dunbar says, and 1t islncontrovertihl
that the "Bureau did not account fc
- bonds it had manufactured within thu
- sum, and no explanation of what b,
/ came Of these bonds has ever bee
C' given. .... ....-. -rs..r - d.
he @lhe suppressed reports" giN
nv, amounts, and seem indifferent to mi
takes, frauds and robberies. r-
IS The wasteful extrayagance in Il
N mechanical management of the Buref
was the pretext tor eXtortions, pocul
. tions, corruptions, brlberes and co
spiracies between contractors Of ever
kind fmaterialan machinery, oper
! tors, managers and employees.
Il These thing were believed to
we'll known to the Secretaries of Il
Treasury. Every fair investigate
was suppressed, and where the frau
werc made known they attracted b
little attention from the Secretaries
,re the Treasury, who seemed to have
- further business in their office than
plumber the country, oppress tho pc
- pie, and amass enormous fortunes, "
There is no doubt but that the elC
trotypes have been duplicated, trip
NJ Gated, and quadrupllcated ad hbitu
~ in all of the bonds, Treasury-notes a
ona fractional currency. So loosely, cal
the the elssly, proAigately and corruptly we
rue. vnoeo P."vo9 eli P'oyeu y az oo.ee 'I ~ =.
tho hands of narsOna In No visa cOn M