New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-06-28
s4i.2i3GO
LOSS IN COLLECTING THE REVENUE.
:
AMOUNT OF DEFALCATIONs AMONG INTERNAL
REVENUE AND CUSTOMS OFFICERs-MONEY
LOST IN THE NATIONAL BANKS.


REVENUE AND ID5IOM5 OfflCEhs-MONEl
LOST IN THE NATIONAL BANKS.
GENERAL PRESS DIsPArCH.l
WASHINGTON, June 27.-An American gentle
man about TO visit Europe has written TO the Treasury
Department. making inquiry the amounted losses
IN collection OF the Internal and Customs Revenue,
the sustained by depostOrs in National Banks,
and the amount Of public money lost through default
ing officials. report the subject is embodied in the
following letter OF June % from Acting Secretary Rich
srdson addressed gentleman making the inquiries
In reply % your letter have the honor herewith 70
nelOse statements relative 70 defaleatOns and losses in
the Bureau Of Internal Revenue Of the Customs, and OF
the Treasury and also relative 70 losses OF depoors IN
the National Banks. From the accompanying statement
the Commissioner OF Internal Revenue, comparing the
total receipts OF MS Once TOT Ie thret years Oh hrc
s. 1862 20 March 3, 1872 with the proportion OF the re-
cepUs that have not yet been paid into the Treasury
per schedule nclohed " appears mat the casn PAL
outstanding against the Late Collectors or inter
nal Revenue, during that period, amount 70 somewhat
less than Oneenth OF one per cent OF the amount paId
the Treasury. or that amount 10 Is estimated that
by parties themselves by their suretes reducing
the ultimate loss the Government during the period
mentioned less than the Onefeth OF cent OF
According 20 the accompanying statement OF the Com
missioner OF Customs showing the amount or money
collected from customs Ior peIou OF Two years ana
threefOurths OF from the lat OF April 1862 10 the
lst OF December 1871 compared with the balances Or out
standing officers engaged IN the collection OF customs
during the period mentioned, the latter Is about the one
ftyfh part OF one per cent OF the former The est
mated ultimate Loss 10 the Government Is SSOO OuI OF
S55SOO00 Of collections, or the onehundredth part or
cent being somewhat less tnan 70 IN elOO,OJO
The Controller " the Currency furnishes schedule OF
all the National Banks that have failed during the three
years. from June 1863 70 June 1872 with their cap
tai the amount OF claims proved and the dividends paid
the claims from which Il appears that the estimated
annual losses 0t these we're from 81 100 TO
$40 O0O which the mean Is 900 On the basis OF the con-
slant average amounts VI deposits OF g 900 IL found
that the ratio OF estimated loss 20 creditors through the
insolvency OF National Banks has been from nearly 80
parts IN 81 100000 70 70 parts IN OO0OO OF the constant
deposits, the mean being nearly 81 parts IN sO0OOOO'
ls6h part Of per cent Of such deposits, equya-
lent 20 e. so in 100000.
There is also inclosed a statement furnished by the
United states Treasurer showing the total amount OF
money entries they appear the books or the Treas
ury OF the United States at Washington, covering a
period OF ~ from the 30h OF june 1851 10 the 9th
OF January 1871 70 be somewhat $4,000 600 900
1856 IOl 232 2s3 and that the loss during these years
slightly OF $4,000 55,057l, the loss being
less than OneenhouEandth part Of per cent or less
than 81 In sl,OOO,OO0 Of money transactions.