, 1869-04-05

latne de9dsa, xhs rsda1aftJ fstscd 0p1a thr tsst-
nuoy, that 70 fsnd had been oaan1nsd @ tas
d osseT speetsc p1ocf secsattns ~
the zosaa, + oo,z oeEtlx wnat oaznt 70 BE- tas e.
oeas Of such opez.4iena. qu1.a uass1,;tset1T
oaes a1s seooanted joC. or The thi1d assts q CO..
q eo. 70 g e s nos
ta oesur4ee @ ~. Of lsxxe N smount q she.e bond.
deisr4ed 70 he aexsster q IT, !1casar, q .a he
enf poe4a 10 ss1. nss1s Sen sseaed to
distribution, or 70 hare been DESTROYED. Ine ~
rcet ey!dencc u 70 anSw e. - to he
found further than the destruction ~as ulIsS.e II
and The coming in Of suntir. dupl'eated :oouT rr
tee sosae soIictude On the whole subject q a.
ser4ea, although the whole redempooh o' 'ne
csapons docs not e1ecsa sas ~. T.iemntton
coupons comes 20 70 nc .hole ss1e nppsia
trg on The Regstzsb eooE tasa toe ~ tt,
ea2not Psri4 e. tG{ {rea sse nanoers Tne result
RET ts.t d iaess bonds Which into the Resse.s
ecs tner g n6e 6e1as nS' o s sundreds TUT of ,he
I've hupdrrd 1,osa: Of the one thousand, 20
THOSE which went direct TO NE ITeasoIs!s ouics
suuction. Vl these there arc no proof Of tae de-
saaet1oa Of % one bond Of or ene th1u5ina nmn,tr
s,, sna IL e relation Z these bon from iae es
depce adduced, tho committee came to the con-
clustou that there must be IN errortn the ACCOUNT
detaIl i number Of issaes accounted for, With the
exception Of four one thousand dollar bonds.
LAfge discrepancies exist ~ The ssue VI 2 yeat
Int considering the int that this i1sae bus been
long overdue, the protahl,lty Il YETI alrons that
20 tland has been peIesTated on ths go1sTn@sn5 oG
saea se@ earciess @ ok-tssPias. i nc sola
certificates, issued under ~ , aet ..ot o.
Il SD. .oo0 They could not be used without being
nllest up and signed hy the Assistant rfeazurer At
I'd fron, The Other @ evidence presented tic com
mittee conclude that they werr destroyed; out
cr1uclse severely tho loodcue1s Of procedure "
pear uuoccounted for. and without a1y ceHAn
method q n1tng the dehnanencJ upon an5 ane s,a
person Various osaeT daeIsnGss ~. 7 g. ana ,uGts ~
In respect 10 the balance Of the secuHtes and tho
various tables On hand, the committee dnd them
9seas ea aaaq he II Wsca
neAs OF printing, numbering and issnin8 OF secnt1-
ties was carried on showing gross carelessneas
| In 1nxny caaes to t1aee out euof1 or decide
| whether actual fraud has been committed. 1t ap-
peas they ~ that sthousna s5stes 1s sssslpss
the receipts we're loosely given, Often On eupa Q!
paper and the CLERKS IN the ra11ous bureaus never,
1hetaer errors discrepancies actually existed q
to trace them out, If discovered The books IN
respect 10 transmission and delivery Of Securities
| when there were any, were 30 kept as to make
such criticism and comparison almost impossible
Ihs want Of e mt I'd = sos enc hn t.
Other evils leading one WI be mentioned. 1t
hitting securities to iii once, ooth rom bank
Bureau, to transmit With each 1000 Impressions,
quantity usually Of ten extra lmprtsslols, not
Of tae atsaE In nanler c!ess Wniea froIa te 70
tine might be C9ToueouAlJ nllcd ont or Accidentally
defseed- These extra impresaloas we're called
1on, IN the coursc q business 70 one Of then
one Impaired, Or said 70 be impaired Woulu be
IN fae n oI snS tssen %
ecoun, c Or record being kept ot the performance,
the dc .stasl "' 1 restriction T Of ons 50 actualJ
or ostenslb'y disposed Of. It Y imposs..
e 70 To- ,s saeePt en
tsteretl bonds, IN which, 70 conaiderabte extent
lee aq g.
In the heInl-annual payments Of interest; and M
committee a1e personally sstsnea !I1m IN e.
suas he to,si n,a,e .. which @an!
: IN respect to the registered bonds In ~ xay
the existence and redemption 0! considerable
. | Humbar Of duplicated notta and coupons nave
!. given The committee considerable degree q
; anxiety, and they have devoted all the time thu
e spsd % ~; p9Ross S,ce = - ,ln teqn !nG
9 posed to hare produced them- and the e1plana
:. t,ons which have been given y TIT yaIoa
ns = ha. s Seen anRs os.aea ned By tsa
nittee fru1n personal examinations Of these a1Ar.
It Is onytoua that very large proportion q these
ia tue securities we're issued, and ususlJ no doubt
+ In easea when securities bad been etolen trot
oues Is Of no pecuns,5 ia,eres. to lie govern
u ment inasmuch rs the government sufeTk no lo'
- In consequence Of them Other caseh- IN whie
as The original and arc actually composed Of secur
ne ne ties issued IN that form from ne depafG pG
II ment aIe more HeEious ena rn,sH.,,oa lsss easi
~ favor Of innocent dupIcalion or Is appears no
~ the testimony, that they are mere accidental {
machine, By which, In = Gtven thousand tnpre
sions, tnme two Or rlore you'd oe made & 70 m Be;
a. ena,.1 M on
u bonds there. would Be two Numbered u D.
!. ~ Wi1a WEI = : ~ view TO 70 SEQ shat tic quaint
"a and nuEnben aro correct anu q. 49, ~
H. ssued compare In qu4nttJ with tho books II tssu
he and In consecutive numbering With the nulneEte
~ and IN the loan branch Of the se<1osary otne
N suppos1n9 such eoune to b hAys r. saa
nes W1ua n41s S,s eeea e. 10 los Ta
As number equivalent entirely *.n1tng leaving :
10 + % Should % BE- but lis e1plsnation & eourse
. plies that the numerical retssets Of sssnsa a e
taat never were IN fset issued. and assuming
me numerical rezsters 10 have besn made up rom
actual 2! tx eecnes ms. as .hsy hey, r
~ known to the persous making them, as rule,
~ " be unsrue: but the testimony tends to snow
III uu@e, saeoTe:tea ' tasn actual records q tls
IN sstions j Ta.t @ 49,, tho 4,no :; s!e5ss ',o,a.
.turl xx1
tHo tries OF make entries in register from cach cs
not pa1isop; but thai they made up entries IN r.
Is r91 ey y, at9s ~ san nis: 1na aa stns
~. trtes nom those, and assuming that q! nnmf
fos lxtween we're consecutisety Registered, aId
COUPONS, thst as they are numbered at dl1et
xu1 time from the number On the BOND. !
arr. may hare been d9plicased md the nona u ~
Pa dunlIca{cs have probably occurred In !asnes
his securities from what is called q ''stoct paeka,
Of and that they being numbered ssGa1atsN On
r. use Impressed upon them This appears !u fae
have been the case IN one instance already fe1e
lent to, the $50 potca Of 1851: 49,.
sted The committee atate, II respeet 70 tue dop
1ear ron Of TIC thr seses o. Ss o. iSs4 taa1 81
. for Pnnttnr Durcan, that thcy als fraudulent,
the produced by An impression nom genuine
two before Game 70 tae s ,ha NAV a. az
,mit- r. %n Gn md .;an ~ singular
that, wn,Ic 20 duplicates Of the bond Of that L
NE1CQ, 10 pc11fEk b1tElr W9Ai2 tEal0HE 4os
asu1 convince nu1,,er Of pezons In different bur
WAY ILL.,, ~ ~. rrn1ets VSrn thcT IrsSr Tho FL
ncnt | Nnrrou hsyc heen presented and ratd ]
se for have been however, no over gr.lemplon af n
new the securities, ami the semf-1nnual r2tmei
M | interest have fallen considerably below
amounts that by the Issue books should
hnu tualy On the regular outstanding
ID to would seem probable II there were
the! consklctahlt aluonnt q Iaudulcnt eo.rons
much nearer the full sum. The commiste
easlsned that The methods Of printing. numb.
III the sealing and iSsutnS the securities cl the
Gned- States, ought to be adopted rh!ch VIII arp
lstAte inc hes3chs 70 oE.ns 1oso4ust! ecettc ~
ugh it loeIl Method should shoe te much more e1p<
onfcr than othcr1 having lcss guarantees and prote
New and they aaJ at Is ohylons THAI tho highest
- ,n Il to be attained bJ 20 conducting The *otf
-, no one IN even two departments, should HI
"oulo In their power to dntah any note bond OF CO
THIS security, We think. cannot Be STAINED
erday, Nnesc ~ INC salous rtG; r. ~ ae1nc
was IN u1I hn. *. snnn,nIss ~ IN frrnuert iaiesr
ration Tith each offer as has been the case tn the
,14ow. ing Rurrsn OF The Trcafury Department.
st the another subject for serious consideration
80 I connection, Is the comparative safety to tn
ne erpmeut a well Is TO Individual holders Of
e1uea- tered md coupon securities In the case Of
tered securities, ~ they art Issued to some
one 10 ulAr person. and stand In h!a name, on the
r Il. y! ~ so3 ,Eho th-n teSrs hss MACE up
Gus rnoez II ia next to Impossible that any
: First Should oceur. II It should + would be ceE
,@cond he detected On nny tny eEtEaston. or 0
~h&r r.-e NJ the ffy4cuaf} OF the depAstne