The New York herald., 1869-04-05

ioaa under the same act Of March s.
1884, called the hve-twenties Of 1854 beth
ars accounted fer. The next Loan Is under
the act OF June So 1894 called the nvetwenties OF
are accounted for. The next bond loan Is under the
act oI March 81. 1885, registered and coupons. and
registered and coupons consols, al OF which are ac
counted for. The next loan is composed OF bonds |
Tor the Pacific Railroads, The Committee show the |
various deliveries table Ii given OF the two-year
five per cent Treasury notes, Issued under the act OF
March, 1865, without coupons. Large discrepancies
fact thai fs Sssus has been long overdue, the pro-
liability is very srog tnat no fraud has ceen perpe-
.n Gaed on the goyernen. whatever Criticism may
ius.y bestowed upon sacl v,srsiess oo0kiecpDg:
a, liable OF the god cerin ,ates under tts same act
~ "atsn issS' y given. All are eeseas!ed for
sxceppug g. 70 sex LEE 'as Sonlnittes m ice
ana rSn .Ie once and o@ an Investigation Of s
hooks and accounts apd e course oi business nI ,i
they were prigtod - the prlntug Bureau anod ann by
not b s5S sss tseS York;
can,Jzei in tie Printing Bureau anu = r,.% 20
the Treasurer as statistical !sr destruction"
certain other statistical NJ. .cr men ,ioaed in III.
I AFFIDAVIT OF Mr Sellers, helher they we're actually
dSs&rsa & STer S by n.y. e the Dsstraetoa Committee
! opinion tney were. and were destroyed with large
quantity oi olher ''staiistica" maHer they have
never since appeared, and were Cancelled and
shsnel. Ihs eompttee iee no special apprehen aon
Oh en5 suUsecl although the Ioosencss OF procedure
! ly which 80 large an amcunt OF securities should
! have disappeared without any certain method OF
| fixing the delinquency ucon any one person Is far
| Discrepancies are noticed in tae amount OF the
three year SIX PEI cent coinpounI Treasury noes
issued ulder the act Of June 80 lSG4. The5a are
counted for with the exception OF one impression,
being four Of the noies oi ten dollars eaca. Various
otaer differences or DISCREPANCIES are no5iced BY the
committee, but not generally oil large amounts. In
respect TO the balances OF securities, stated IN tue
| various tables as on hand the comnlttee Ind them
| TO be on hanJ Is statad. The above Is acre a D.
| stract Of the rerort. The cOnnlee say IN colciu-
| Son:-
tween the various bureaus In the ireIsuly Depart
ment wei as In their own operations, have oeen,
since tue war began, as II seems to Us. euIte mper-
fsct ana deficient aad Ia son respects grossly care
less. Although. ds general rule, books of receipts,
as vouchers Tor the transmission OF securities from
| one bureau TO anotaer were Kept, yet it appears
t.aJ 1t has frequently happened that vouchers would
be taken for the interchange ol securities Oh slips OF
| paper, and given u when settlement would he
made leaving no recorded evidences of the trans
| action. This, In connection with tue TACT that I'D
Respect to te deliveries OF t1ese securities rom bl
reau to bureau and from branch 70 branch In the de-
parttnent, no books or accounts were kept Ia the
lorli ol debts and credits, and comparisons made
and balances struck and discrepancies discovered II
existing. as in the case OF mercantile accounts, has
led 10 very considerable confusion. as VIII Lave
| been seen 10y the preceding tables and statements
even supposing the discrepancies before stated to
have been the result OF merely innocent The
Official force in the various bureaus does appear
70 have Thought It among Its duties to make com.
parsons with the other bureaus in respect
| to the creation and disposition of securities
very often, or to ascertain whether their correspond
| ing bureaus were correct In their accounts and
proceedings not; and 1t Is obvtJus tnat without
such comparison and criticism Of the respective
counts and proceedings the several bureaus are
check upon each other and indeed, nave said,
the books In respect to transmission and delivery Of
securities, when there were any were SO kept
possible without general and c0mprehen inves-
tigation This want OF proper accounts led,
Office, 10 other evils. leaolny win be men,
toned. 1t was the course OF practice IN
printing and transmitting securities TO that |
office, both from the bank note company and Ior
while 10y the Treasury Bureau to transmit with |
each thousand impressions quantity usually ten
OF extra impressions numbered and intended to
De used 10 supply those OF tile regular numbered
class , which from time 70 time might be erroncousy
,rsrse Tsre called the stock PACKAGE and
to use one OF fae or % sa to
be impaired would be thrown IN the otherwise
% ssopy as stated oy the Gier ana
PACKAGE" without any account or record !
Deao oeng OK Eep. or tne ne performance @ and without any
the one so actually ostensibly disposed Of 1t Is
impossible, therefore, TO account except on very
vague cvidcnce for many OF the securities that went
into tine Registers oce though as to the registered
bonds In winch 10 considerable eXten: this loose
practice prevailed, no loss can happen to tue gov
ernment that cannot readily detected In the semi
annual payment OF interest; and the committee
personally satisfied, rom an examination OF the in
terest accounts and the Individual accounts in the
edgers with the persons to wnom bonds were regu-
larry issued the total of which makes up the basis OF
the interest account that No fraud has been perpe-
trated IN respect TO the registered bonds Ia way.
The existence and redemption OF considerable |
number OF duplicated notes anu coupons ave given
the committee u considerable degree 'ot anxiety,
and tney have devoted all the tine that could be |
spared to that purpose to an nquirr into and con.
sioerdti0n oil the causes which are supposed have
produced them; and the explanations which have
been given by various Oriciais appears In the |
testimony, and as has been otherwise Obtained By |
the committee from personal examinations 0f these |
ailars, the eXten. anu supposed character tlese
du 2cates appear from the table ABOVE inserted. 1t
is obvious that very large proportion OF these du-
pllcate5 are produced by alterations made alter
securities Issued, aad usually, no doubt In |
cases when the securities had been stolen from prl-
yata hn hfo onn Ian cos..
OF no pecuniary interes. TO the government, mas
much az the government suffers loss in conse- I
The other cases in which 1t is certain or nearly |
certain, that Inc duplicates are original ami |
tuaily composed OF securities issued in that form /
from the dela TIN INT are more ser.oas ana less say
accounted lot. inc suggested explanation in favor
OF an Innocclt duplication Il. as appears from the
testimony, that they accidental errors OF
persons In charge OF the Numbering machine, by |
whcl ih giveI thousand impress siols o ne two or
more would be made to bear the same number anu !
the number which thcs should have borne was |
tirely omitted on any Ia which case for lnstance,
IN thousand dollar bond there would two hun
dred i've hundreds, and none numbered i've |
hundred ana one. Then 1t ls sug .ested that
such errors being committed they have |
escaped tne scrutiny OF tue various persons |
VINO examine and count the securities, with a view |
10 see that the quantity and numbers are correct,
and also tle inspection when the In caare OF
the issues are supposed TO make see taat the Sc
curit.cs issued compare In quantity with tne books
OF issue aud in consecutive numbering wItn the
numerical register OF ssacs Lep. IN the Registers
oiace aud IA tie loan bureau OF the aocr,,Inr,,s
o1ce Supposing such a course to have taxen
pace there wOu nave bee1 no loss 60 the elsury
because Tor every bond Other sc urity
which appeared In duplicate there wOlld bc some
other DunUer equivalent enlirey wastlilg leaving
the whole number actually issued Just what should
be. But tnia explanation, OF course, lnIpiCs that
the numerical registers OF issues contained cntr.es
OF the issues o certain numbers tnat were In
fact issued, and assuming the numerical registers
TO have been made up from an actual comparison OF
securities as tt~y were issued, it implies that such
entries must have been known the persons |
making them, "a q rule, TO be mutuai. but tue |
testimony tends To show that the Numerical registers
OF issue are rather Theoretical tnan actual records uf
transactions; that IL, that tue In char1c did
not compare each issue o the bond by tneir con- |
secuiive numbers with the registry entries or make
the entries I'm the register frOl sucI comparison,
but that they maze up the entries m the registers
as cute, by taxing tue nrsyaId last OF any