The New York herald., 1871-11-22
NATIONAL FHANCEH
tswshzy Boutwslrs Annual Report Of tho
United States Treasury. s.l.

me annual report OF the United states Treasurer
nsws the condition OF the Treasury as II was AZ tae
nnose or the fiscal year. which ended witn June 10
N7l and p addressed TO the secretary On tne
Oessury. He says In relation TO the new fcen tnaS
naer the Secretary's commission ne viS'eo curing
~ oast season the principal cities OF Great Brsan,
anxony Baden, Bavaria wurtemberg Austria.
jn.hemfa. Switzerland and France. For the pur-
ese OF aiding In the negotiation OF the new loan he
kalicd upon the agents appointed by the govern
nent with view to ascertaining the steps already
AIKEN by them In regard 70 its negotiation, ana
nade to them such suggestions as seemed exus-
aient to place the subject In favorable light
Sefore the European public. With the same
vlew he called upon our Ambassadors, Ministers
Uonsuls and commercial agents, ana upon. many
pankers and financial men In the countries named.
Through this Intercourse with all kinds OF persons
Who were well informed upon such subjecrs he
Aearned that the time Tor placing our new loan was
IN unfavorable one for It's success In European
money markets. 1t was too late and toe soon. Had
as me 70
lhat France made upon Germany 1t would
M Of severs eoes at a
Tnents were IN these markets, ana were Onered as
rates much more favorable 70 the purchaser than
hOSe authorized bv Congress for the negotiation Of
Gar loan. An almost insuperable diricuity In the
4ay 9f the negotiation Of our loan was tne low rate
Sa.ton tnat BY the Secretary's own act and Judge
R1chardsonis adr0it management all obstacles
Sesea Say ns much loan ear,sr mas tSan Sa
6enerei spinner, who nad looked over the whole
laould have disbeiieved in what is now Known 70
e an accomplished fact. The enemies Of the gov
no rogd. n & perhaps be equally M dissatisfied @ whether
now snosS sne acs pse
- AZ we'll informed persons that all the hve per
,Ss: ~ s mad been
!sssTsss on our lSsas payable foreign coahtTy
S!shiiy Of our money transactions. Il occurs
with the payment OF the interest thereon. IL
nlgn! be worth tue while OF our legislators to go
saonal di nifty. In The present financial condiLi0n OF
eur country II can III AFFORD TO pay an extra per.
tonai dignity. While upon this subject It occurs to
nm that those OF our people VINO are very sensi.
tain tne dignity q the the naSion S ABROAD % could nd ind
q much surer way carry out their views,
me representatives OF the nation In iorelgn coun
7es, who are commissioned to look after Its inter-
sssion upon Which they could suDsiss their iamiaes
hnd lise decently II not respectaoy:
Inc eeays 9, pSaKs pan ~ MAKING ~ sner n,s
last fiscal year. Most OF the national banks pay
me tax due from them promptly within the time
gpecihed BY law, and treat this requirement they
70 other obligations against their respective
been careless, NOT wilfully and habitually negi-
tent, In making their returns and paying the duty
Aue from them 70 the government For The pro-
eection OF the treasury against the grow
ing evil he respectfully renews the recon-
1n6ndaton In his last annual report,
4nat o percentage upon such duty be
hdded to II for every ten days delay IN payment
hfter the expiration OF the one months time now al
eowed BY law. Legal enactments giving authority
% his ufnce to add one per cent TO the duty due
pom banks for every ten GAYS delay after the
eme nxed by law for Its payment would
teem p be the most effective measure TO insure
prompt payments Of the duty. General Spinner
concludes his report follows:-Wlthouy the least
Intention OF desire TO throw blame upon any other
enicer is due to the officers OF the Treasury that
Sne emphatic declaration should be made that for
the defalcaton Of an of1cer Belonging 70 another
department OF government neither this oflce nor
my one employed In Ia In any way
Sesponmbe, wili be clearly made 10 appear should
legal investiganon OF the whole matter, which il
xestfed on my part ever be made. The hscal year
&As ended without the loss OF single cent 70 the
Treasury by the act or by tine negligence Of any em.
tCye In this ONCE. For this and for other escapes
tf0m loss, hope that am truly thankful and CRATE
al TO that Power that has now again, as N the past
shielded me from personal harm and the nation
1tOm consequent pecuniary loss.
The appendix shows the books OF the ONCE were
1losed June so last after the entry OF all moneys re-
ceived and disbursed on authorized warrants within
ne fiscal year as fonows+