New-York tribune., 1869-04-05
UNITED STATES SECURITIES.
REPORT OF THE CONGRESSIONAL INVESTIGATING
COMMITTEE.

ton directing the Joint Committee Rerenehment t
make careful and minute examination Of the method
adopted by the Treasury Department TO print the bonds
notes. and securities of the United States what guards
have been adopted TO prevent fraud mistake, and
what additional guards If any, ought to be adopted to
preyent fraud or mstake and whether there has been
any fraudulent issues Of bonds notes,
coupons and So by whose fault negligence and the
proper remedy prevention thereof and especially to
printing registration and issuing of any notes. Dohas'
orsecurities OF the United States, etc. -, u,,..oo
senator Edmppds has reported that sub comInttee'
composed Of himself Mr.. Buekaew ss1 ana MI dtSgd h9tgd
ali the time possible 70 the extensive au
@ en- T. nov nTesented TO the Senate Their report states
that the sudden and enormous treasury ana nhahcla
tions Caused by the Rebellion were altogether too
Tor tbe force In the Treasury existing at its
commencement and hence 1t was 10 be expected tnat
R U 1fs new operations which were required to be en-
tered upon for the sake Of the public service TI
that systematic organization ana FegtuRrity
Of dciah could scarcely at first first have have
been expected. AS VIII 3e ,tt seen nnL mom
looseness and want OF regularity realized but It is be-
leved that very extensive losses nave Oceueu ~ con-
sequence, and it is possible ana IN some instances, per
lap probable that many OF the discrepancies reported
are are yS eboS and detail rather than from positive fraud
Owing 10 pressure upon the time OF the COnnlItee hn9
on account OF the comparatively small sum involved ana
F69 bf66abity from lapse Of tme that few II any lrreg
ulartes had existed IN ING gs g n1 gg IlS commene
back i9 t9e ben ny n0 OF Mr. Lincoln They
copdnSIy examined the operations covering the loans
oyerpment credited since 1860 amounting TO over eight
aT % % loan is that Of Feb g. 1881 The coupon state
ent as found on books Of the Registers Office ana yeTl
ed y GoS the clerks S 5 eaaTg Sa being 1"fS So Only discrimination
permitted; while the statements OF the AnerCan 1aun %
Sote Compapv New-YOrk. who printed the same, snow
the 5rinting and delivery Of $40 OF this difference OF
four bonds three are accounted Ior s Ss o M WaspeT
and one to Mr Harrington, TO be used as specimens 10 10
loss has happened the Government but one Dod Is sun
ufpdf
cudes the receipt 5000 Of the $1,000 bonds ana SV OF
csD Sofe Company shows eo02 delivered Of the $1,000
bonds aud 1902 OF the 5000 bonds This discrepancy Is
6SSds one to Hr Harrington and one Mr. Walker
Nb % IsSS THESE bonds were printed by the National
Bank Note Company and the accounts OF the deVeIy Dy
the Company, and the receipts OF the treasurer
bese were coupon bonds and under authority OF an aet
OF Congress Of March %, 1861 three SoU Wo SIV anu
foureeen $500 printed and numbered IN uulneate
and Issued 10 replace numbers aud amounts OF
which Congress supposed 1t had evidence tnat Iey
lost I'm the Golden Gate the Pacific coast II appears
from the statements Of the coupons redeemed an INC
Coupon Division OF the Registers once tnaI o1 nn0 & VI
bers 33S 1884, 1858, 1854 and $50 coupons lave % peI
redeemed-on TWO OF me hnnoers , o4pinS from
Boston and part from San Francisco, from Whcn ~
concusyey appears either the coupons were separated
from fe bonds before sailing Of the steamer or ha
the bonds themselves did not 90 on the steamer ana
The next IS the twenty years Skies, under the
acts OF July IT, and August 5, 1851, Ihese p0nus
Company ana partly in the Printing Bureau Of the
Treasury Department Inc account " she or the
ss6ve hundred dollar and Thousand dollar bonds the
Of he i've hundred" against 10000 stated in the table
as received, and l1O75S Of the one thonan9 hf 9OS
t fve hundred dollar" bonds is accounted for by DC
yeres bond cancelled to Mr. walker Lon on 10 mT
being printed and before delivery to the Reglster
SnS SnSer the adherence in the 1900 is accounted for FOL
lows: Three in the same way as IN the cas- oI te 80
and so0 by that number Of duplicates printed and de-
10
clerk in the Treasury Department Ot these lUO Donts
90 were aferward recovered and destroyed tne Set
cate Of which destruction shown 70 the COmnitiee
leaving one bond s o1tsaHding iS & M rintes Ef IN Tie
Treasury Printing Bureau and the yo hundred ana one
StloasI Rank Note Company The deliveries OF
the fftles and hundreds as clameu Y t tho
pments Of the Register Of the five hundreds
thousands thousands and ten thOusahos InS %
TabIe trse each which are accounted for by delivery
of one for Mr Harrington, one for Mr. Walker ana one
for the Office OF the Secretary OF the Treasury where II
was retained The notes in the table respecting twelve
$1,000 bonds said 70 be ineoneety lss9eH o. 10 @
fbe fact appearing il the testimony OF MT NlchOs Oh
an erroueous OF registered bonds where coupons
desired The regse5ed DUh1S TypG e Iac The
next is year seventhrty notes under he ac on
Sbs American Bank Note Co OF the of August l9,
1851 the accounts OF all the denominations compared ana
OF tho issue Of october 1861, called the second
series OF the $50, the American Bank Note CSmpA- p
OF the Treasury account for only ll329 leaving oneI
of
notes OF which the Treasury officers oecoun f0r
1901 Including delivered to j. j. Altbous as dup
t NE 900 Of tis issue are all for OF the
81 600 the Note Company oelversa AS;o4o
% 5S Of 5000 the Bank Note Company
delivered 223b OF which the Treasury oneefs aocCu
were received at the Treasury Department from the
Tere 1SsA entered the receipts Of and other
Kept at that time by Mr. Shannon and no entry
ss ~ 2.y csS SoGS 5e ouSd It is thought by MI shannon
self, who examined rs witness, ana oiher VA.
notes were destroyed course of business, and the
specific certificate Of their destruction which in the usual
been lost and in support Of this theory there was pro
duced the Committee certificate OF destruction @ o.
other securities by j. G. Underwood ana others dated
JaDuary a. 1863 1t Is seen from tho table that the re-
demption of this class q notes 9 ovS" bSi bMSaTSh
appearing by the books TO have Deen otss ssueo SS,
der the acts of July II and Aug 1851 which are ali ac-
counted for on the books Of the Treasurer. nd ,o
Tn regard 10 the Registered and Coupon Bonds known
IA the FIyeTwentes Of rst series, the various dis
crepancies between the amounts Delivered Dy he
books Of the Register OF the Treasury are explained
by evidence Of cancellation and destrncuoh OF nesI
printins &C. and the delivery Of tho remaining few to
hessrs. Harrington and Walker The Commt1ee . s,So
bonds OF the second SERIES not perfect but proDaDe
OF the third series coupon bonds same issue one ~ ~
bond and IO3 OF the o5OO bonds not accounted iOI
The following were delivered by the Printing Bureau 70
the Register Of the Treasury OF the anu aO
handed over TO committee for destrucon or 10 nave
been desstroysd y5 S oDds Sonos Of 400 each sS
bonds OF 1900 each. OF the n,OOO DOnas, Ie,eOt
The commjttee saw in reference to the foregoing "The
direct evidence Is entirely incomplete 10 show the de
stated IN these tables the Registers books to have
destroyed No documentary proof OF the sact ls q
be found further than that the destruction was directed
C5ee evidence Of MarvnJ And the coming IN Of sundrJ
duplicated Of this series produces n tine S %iRd
this SERIES although the whole redemption OF coupon,