New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-18
IhDIydUq
shp Of 6veeebs Of the capsi snes hs, had for more

ship Of Of the capsa sres hss had for more
,han 20 years the exclusive n,anssr,' AID has sbss
Administering IFS affairs by oirrrs cbe-sn by her.
ehanshE those officers With every - ~ Ifr politics,
familiar with the dniies and resporssbe- ~ their po
sr sna appointing ~ ihrir riare "t - DO IN turn
that this grra, entspSe ss f sd and Sa,
TIE hopes and expectation farceug aud ssgaeous
Under vigilant aud economical management, the
gross revenues for the year ifso would. al
inio operation amount ssoo asduoting for current
expenses sisO.ooc, there would remain balance Of
unpaid coupons tho bonds whe. n steady received
year 1y year VIII. IN few yesrs. greatly reduce the
altogether.
The history Of hs important work ~ presented BIZ the
Governor II only secumulsye evidence Of the sreat ne
cessfy Of dvorcing public works from politics. and
managing them upon business principles for the
benefit Of this that political party, hot for the benefit
Of the State And IL also shows that State should not
engage in anything that individuals can do.
Another fraud has just been discovered u appears
that man BY the name Of Mitchell. who customer
OF Charles UDeer Co.. having been introduced tn fhas
firm by their Baltimore correspondent, bought Of them
$4,000 OF $40 bonds. aud gave IN aaymont ebeeh
tho Ninth National Bank Of this city. which check pur
ported TO have been certified by the bank n IN.
been discovered that the man had with ths
Ninth National, and that the cerfhcaton forgery
Messrs Charles Unger q Co, before the forgery
discovered indor.ed the check and deposited IL In tho
Phenix Bank. Messrs. Unger Co. were thrown OF
their guard In the by the Intro ductcn which ths
man brought from their Baltimore correspondence
An unsuccessful attempt wa-Dade ~ pass altered
check OF Kemp Day Co Of No. iie walst on Farmer.
Hatch & Co. OF No 70 broadway The faeis were sub
stantislly as follows; A comparatively unknown mah
obtained the check Of the frstnsed rn fo to and 90
the following day went 10 Farmer. Hatch Co. ana
bought 5000 Fiye-Twenty bonds Of 1882. aud In p@yens
offered check for soG2S the s. Nicholas BANK drawn
by Kemp Day A Co. Messrs. Farmer. Hatch Co, bo
fore delivering bcods sent the check TO the oans Toe
cerncation when II returned a. not good In Tia
mean time the wouldbe sgindier stepped out of ths
Office, and has not since been seen.
Mr. Boutwell, to-day before the Ways and heans Com.
nlttee OF the House, very PERSISTENT IN ugng va
the Funding bill be reported as t Was originally ohcieo
In the ssnato. and opposing the Senate smebdiaenh
whcs strikes out foreign agencies for paying 90
our bonds. Tho persstency OF the secretary oil Va"
Treasury in contendlng original bill, must be sat
sfaetoy public that he has good reaeons for being
assured that these provisions highly beneficial sno
necessary and WILL adopted, be greatly beneficial %
the public. As II has been customary TO yiod to tie
opinions Of the Secretary OF the Treasury IN
these financial Interests and when the importance Of
ducng the interest upon loans conceded by ST.
why not grant to sr Boutwell, the provisions he siren
uously urges aud let loast try the experiment "a
agencies In Europe for the sale Of bonds. made
Bile at London Paria Frankfort tc.f II sucoessn great
viii be the gain IL not, trilng viii DO tho expense
comparison with satisfaction he viii derive Ia hsvirs
made the attempt 10 lessen the burdens OF he country
men in the payment Of duties and taxes =
We compile the folio wing FROM tho Annual siatemer's
OF the Marine Insurance Co.'s Of New-YOrk. from tie
official returns to the Insurance Department" pubshsa
10 pamphlets by Nm. c. Gilman, so.ae Pine-st'