The New York herald., 1869-04-05


rather than from positive fraud. Owing to pressure
upon tho time Of the committee and ON accou.t Al
te comparatively small sums involved, and the
probaDihsy, hom lapse Of time, that few II any,
ald not go back IN tefr Investigations of the oper
uons commencing with the hrsp .ld mnstratlon OF ar
Lmieoia. Jhey accordingly exanained the operations
coverlng lne loan' leretohlEe Aeierred to and tie
oringing up OF accounts to 6cts%ber 81, 1867. The
aggIegate OF an ue securities Of the government
crealed since 1860 amounting Go ovev $3.50 OO0 0OO
IL shown IN table, Tue vastness of llis sum- 10.
getDer wnb the great number o. the am ala classes
INTO which the issues were divided and che confa-
SION IN Lie Transactions will lustrate the went and
diMculty OF the labor OF the committee
The nrst loan Is that OF February 4 1851. The
coupon statement Is found the books of the Keas-
|rs emce ana " gue Srrs az "a cSsrss' Ssr
Includes the receipt of only N~H
s 1900, that beng the only ...s OF
printed, While the staH$n' denomination
Bank Note Company, y "a M the American
3 a..S 4 dsreace SS -" OK cw York, who printed ls pi
Ills uheis ua. -uting ana delivery 0l S,Ilo' vi
Is foLows;- iour bonds three are accounted Tor
man, elo me delivered cancelled TO Nj. Natte'
used 50 n wasss snq ks = a
ne government, but Que bond is stiil unaccoun,oa
The statement OF the registered bonds Inc uuss
tie receipt OF 900 OF the Thousand solar D0h1S
and $500 OF ave thousand dollar bonds, while the
statement Of delivery OF the AmefcanSSeIe Company
shows 90O2 delivered of The thouspgd dollar bonds
and seq oi the live thousand dollar bonds This DIS
crepancy is accounted for by the delivery OF TWO OF
each OF these bonds, one to Mr.. Harrington aud oae
with the receipts and are AZ accounted for. as TO
thc issue Of Treasury notes under the act OF Maich
p 1851, being Two year notes, only two are unac-
counted for, and OF which no explanation can De
obtained.
Ine next loan Is the oregon War Debt, under tbe
act Of March 2, 1851. These bonds were printed by
the National Dank Note Company, and the accoun S
OF the delivery by tae c0mpal, and the rece pts of
tue treasurer agree. These were coupon Dolds and
under the auth rity OF an act OF Con ,rss5 Ui M1rcl
IS 1,dl three $50, TWO 500 and fourteen $500 were
printed and numbered in duplicate ana issued to
replace the same nuinbers and aniOunt 0l Wnch
Co,gfess Supposed It had evidence that they were
lost IN The Golden Gate Oh the Pacifc coast. IL ap-
pears from The statements OF the coupons IedeeAed
ia tAe coupon DIVISION o. tue REGISTERS oihce, t!at
on Afe OF these 5000 bonus supposed TO nave Deen
destroyed numbers las, 1852 1883, 1854 ard 1896
coupons have been redeemed--on two OF the
other three i've eaol, a part coming from
Boston and a pars from san francisco.
pons were separated from the bolds before the sali
ing OF the steamer, that the bonds themselves d,d
The later Alternative is no douot the true
one. 1t appears that bond OF indemnify was
taken upon tie lssang OF these duplicates, but
no steps have been taken by lle Treasury
oniceIs 10 enforce It, his instance iurcibiy Illus
trates the danger OF issuing duplicates ii any ln-
stance for coupon securit g. The next is the twenty
year siAes under the acts Of July II and August
o. 1861. These bonds were printed partly by the Ma
tional Bank Note Company and partly III the Printing
OF the ''iftles" and "oNe thousands Of the coupon
bonds is correct. OF the five hundred doar and
'tnOuSanu QOilar' O0nuS tle NatiOnal Bank Note
Company charge delivered 70,013 OF the five hun
dred against TO- 900 stated in The table as received,
and no. 1853 OF the lone thousand dollar" against
no. $50 in the table. This difference of three in tue
aye hundred dolar bonds is accounted for by deiv
cries OF one bond, cancelled, TO Mr.. Walker, one to
Mr.. Harrington and one to Mr. 5. NJ. Clark,
after being printed and before delivery to
the Register, under the orders or the department;
and the difference in the $1,000 Is accounted for
case OF the $500 and 500 by that number OF dupI.
Gates printed and delivered to supply that number
stolen by one Whittlesey clerk IN the treasury
Department. or these hundred bonds ninety
were afterwards recovered and destroyed. the
tdcate OF which destruction was SHOWN to the com-
registered bonds OF this loan the fifty dollar and
Sl00 were printed IN the Treasury Printing Bureau
aud the 500 and 81 ,0oO and 5000 and $4,000 by
cries OF the iities and s1c0, as claimed by
the Chief Of the Printing Bureau, agree with the
Acknowledgements OF tue register OF the five hundreds,
thousands, five thousands and ten thousands. Tne
deliveries appear to be In excess OF the amount re-
for by delivery Of one for Mr. Harrington. one or
Mr. Walker, and one to the ONCE OF the Secretary OF
the Treasury, where 1t was retained. The notes Ia
the table respecting twelve one thousand dollar
bonds, said to be incorrectly issued Is based upon
the fact appearing IN the testimony Of Mr Nicho-
ON nnere a wera sdss G @
tered bonds were recalled and cancelled,
ana coupon bonds issued in their place.
The next Is the thrceyear seven-thirty notes under
the act OF July II and August 8, 1851. These notes
were printed by the American Bank Note Company.
0i the issue OF August ~ 1851 the accounts OF al
accounted for. or the issue Of october, 1861, called
the second series OF the lfy dollars, the American
Bank Note Company printed ana delivered 1850,
while the officers OF the Treasury account for
only 115.fi9. leaving difference OF 2s3 notes.
OF the one hundreds the company delivered 12S, ,o0)
notes, or winch tie Treasury officers account tor
1892, including two delivered TO J. J. Aithaus
duplicates TO replace notes destroyed, leaving dif
ference OF sevcntythree notes. The $500 or this Is
sue all accounted for. or the $1,000 the Amerl-
can Bank Note Company delivered 4S.a40 notes,
and the officers account for 1880, leaving
the American Bank Note Company delivered
2,225, OF which the Treasury officers account
for 1876, leaving seyenty-nme unaccounted Tor.
These missing notes were received at the Treasury
Department from the American Bank Note Company,
a. appears from the book on which were entered
the receipts OF notes and other securities kept that
time by Mr. Shannon; and no entry IN any book re-
spectlng the disposition OF these missing notes can
De found. II IL thought by Mr. shannon himself,
who was examined as witness, and other OIL.
GERS OF the Treasury that these notes destroyed
IN course OF business, and the specific certti-
cate OF their destruction. which IN The
usual course OF business should have been
Forthcoming, has been lost, and in support
OF TINS theory there was produced TO the committee
certificate OF destruction Of other securities by j.
e. Underwood and Others, dated January q, 1868.
IL Is seen from the table t1at the redemption OF tis
class Of notes down 10 March, 1859, had not reached
the whole NUMBER appearing by the b, oks TO have
been Issued. This fact supports la some degree Tie
probability raised upon tue testimony that no fraud
mas been committed on the goyernIncOt IN respect
70 them; but the wans Of any documentary or other
specific proof accounting Tor these notes Is consi.
derlng what ought 10 be the exacDess of such opera
tons. guite unsatisfactory. The next securities
Issued were the demand notes, under the acts OF
J uy IL and AUGUST 0, ISGl which are all accounted
lor on thc books OF the Treasurer.
In regard to the registered and coupon ponds
known az the 1vetwonties Of 1852. first SERIES the
various discrepancies between the amounts delivered
by the American Bank Note Company and Those ac-
counted ior by the books OF the Register OF the
Treasury, are explained by evidence of the cancel
lation and destruction OF nearly all Of the missing
numbers on account OF Imperfect printing, &C.. and
the delivery Of the remaining few 20 Messrs Uarrng
ton Walker. The committee state tina, the evidence
OF the destruction OF Hfty1ye OF nfty dollar coupon
bonds OF tine second series rs not perfect but pro-
hIbe. or tn c thIrd series coupon bonds, same
issuc one 500 bond and 1J3 Of the $500 bonds are
not accounted FOR. The following were delivered by
the Printing Bureau TO tue Register The lrea-
srer, aud are claimed by those officers respectively
to have been handed over 10 a committee for de-
sruction or 70 have been destroyed, viz.:-33. sos
bonds OF $50 eacn ss,3Io OF 500
each; 40,233 bonds OF $500 each; so2is
bonds or $1,000 each. or the 81 900 bonds TS.5O0
were deiverei to the Register and ils TO the Treas
urer The committee way In reference TO tue fore