The New York herald., 1871-11-01
TEE PHILADELPHIA FRAUDS.
Tammany's Rival-Latest Developments in Phil
adelphia's Latest sensation-Hew Pub
hc Servants are "couged" by
Means Of City Warrants
PHILADELPHIA, Oct. 81. 1871.
The latest version OF a very old story Is the fol-
lowing. IL Is recommended rs q consolation 10
brokers "who were ruined by the Chicago Hre,:-


The latest version Of very old story is the fol-
lowing. IL Is recommended as q consolation 10
brokers "who were ruined by the Chicago nre,:--
This il the COW with the crumpled
mat On S.sovsn s .ss on, n chisssS q iSs barn
That kicked the lamp, with one fell blow,
That damaged the prospects Of brokers.
yes ,h. p. ,. e N. . nrs Una. reached the bell
That tolled The knell
Asa M ts,s many Y IN. n p"wso; ssssei 40 man,
"Up the spout, thst Chicago bent
And Yerkes was ruined, 'burned out'' And, &C.
eerding to Terkes, the smoney changing genus OF
Philadelphia, the Chicago fire was the only agent
that brought him on mis- knees before creditors
| This was the reason he failed to come 10 tune when
the City Treasurer called him for the balance OF
S47S, ,0e0of city warrants then In Yerkes hands for
negotiation, hut which, IL seems had already been
negotiated and the proceeds thereof lost In stock
| specuiatioas.
HOWL VENGEANCE
went up from every hearthstone and every business
house IN Philadelphia when 1t was publicly pro-
claimed that Marcer, the city Treasurer, had let
Yerkes have the warrants to negotiate without re.
ceving collateral or security OF any kind In return
Marcer is republican and has helm The position bur
year or twO apd like oil his predecessors entrusted
all the business OF the ONCE to
JONES' .....
who has been the chief clerk In the City Treasurers
office through several administrations When
former City Treasurers found t convenient TO retire
from the ofice by reason OF the expiration OF their
terms and 'subsn were incontinenuy packed or TO
make room for political retainers OF another faith
Jones the best, Jones the good, Jones
the honest, was retained, because she knew how
10 manage the ofncen Yes. he did know
how to manage the ofnce-no one knew better how
u was doneas the sequel has shown but too PLAINLY
the past week. BY time -honored arrauRemeut
Jenes was allowed to run the machine. IL Ii est
mated that the ONCE Is worth TO the city Treasurer
IN addition 10 the salary, which Is 81, ,500-about
$4,000 per year. This much can be safely got out
Of the vast sums that pass through his hands
annually. BY taking bigger chances ne may double
this SUN, and at tho same time get himself in
prison; but eighteen thousand is about all he can
get and keep out OF prison. All that Is required OF
him In return Is to have the supervision OF the ONCE
sign warrants and conduct the financial department
OF the business which he does through the handy
Jones
Left 10 his own discretion, II is not 10 be wouder-
cd at that the chief clerk cast his eyes about for
chance TO make an honest " penny. morally and
lawfully wrong system Of paying public servants is
In vogue In Philadelphia. Every policeman once
clerk and school teacher In the employ OF the city
Is paid, not IN cash, but In city warrants 81 Ueo
which he mnocently takes 10 the City Treasury for
payment. He is met by the withering reply TO his
request for cash. 1--WE have no money sir; there
is no appropriation made.n
To man or family. depending on his salary for
the support OF his family, II will be seen at once
thai this Ia rather rough ana he goes out, knowina
the warrants 10 be good with the intention OF get
ting his warrant discounted. Possibly ne goes
next door, 70 jay Cooke, and 10 told That 1--WE 10 no