The sun., 1873-11-04

THE WAsHFNGrON RyvG tvD THEIR
ETfLTHY FTGTRES.

norc Fabricated Account-- scnat"r Cnuoron
gives Notice ihHt No Mcncy will be forts-
conf v from tonVte,s-
Corrcspondoncc of The sun
WAsHINGToS, Nov. 1.-The Washington
Ring have Just published what Processes To- be a
statement of the financial conditiun or this
bai krupt District, In which everything l. made
lovely by fabrioa' ed figures. II recalls the dav-
Of Connolly and his confcderates, when their
exhibits concealed fifteen or twenty millions Of
| sto, II money and forged Vouchers, and still the
accounts rcpesented most IA, ltAy state Of the
city treasury.
1he act uf May 9, iS,l, expressly declares that
the dcht of the District Of Columbia. including
| the debts OF the lite corporations, dtdU ut no
time ctceod Ve sum Of ten maN nsof iolidry. unless
| an Increase over said amount shall have been
previously authorized by Congress"
According to the ngures OF the Hing Comp
ironcr. tic bonded dent alone In 2 "P.''7 ls. In
direct defiance ~ the act OF Congress the Leri--
latiye Assembly assumed to Issue bonds and
| certificates to the amount OF I've millions IN
round numbers.
This ou,rare was made moro marked because
| the Ring delegate ON two d.1 rent occasions
attempted to pass a hlil auth. rilino the Board
OF PuOlic Works to issue certiac tcs 10 cover
! special ~ assessments Tor iwo millions. Congrep
twice positively refused IT, asseni. and IN the
face Of that refusal the l,lng Legislature lisa led
| them.
Ihe org nj act for',il. contracts to bc m ide
without pro riou- upprppri itiun f." "nrrN tu'ui
into fcct. DsTc.stdng this cNplirii uruyisi ~.
thc i'n nav" futlet kitSsiN On al ei ttrd mo
| c"n.r"t, winch ne hili"ns OF uoh - w"iI
not u v. KNOW irf $40 . other coufriCfs had upt
been unii in -. and thht there was not dime
/ tn the u, utry tp meet the new eu-d-oinCnts.
RiNX ioaRERy.
II viii G naturally ssked how int huge hus-
icrs l"'u ,t.lti "l' N.c lHt -"ul' ihoh.N
/ Tie ass tla'e the heavy contract r., wno we're
uatd immense itohts out ot ihe uri-iual
! io.u~ wuich we're cd Ia Eur ue. were able aud
WI ~ t. un e L he those now Ia piugress upon
| certain conditions aud take the risk.
laey were allowed enormous prices for the
work To- bc done. ana hy coIu,iOn with the
sUper ntendeut, and others II wa slilhtcd su as
to increase the prOnt. II they received hfty per
/ good iui. Their calculations were predic tod
upon certificates OF Gic board. aud not money.
and other bought these ceyiin, ates at great
| discount. varied bN tue pulse II the money nllr.
down, and only certain class of this paper, re
ceivabie IN ~ yncnt Of slVcial a-scs slnentS. ad
any salcat u at much depreciation. Now even
1his ~nole operation rcsted upon the basis OF
nntirilicd RELIEF ir!u C.nsrcse. II was gwen
| r.ht.' meaning they had been purchased. The
success ~ last year wa held M before the ey -
! ofsIeculhtors nd co1tractors. And now the
| sch' me has suddeny came To eri"i IA one re-
sIect. Tie works cannot he cOmplc:od.
Ia ~ L. state pf itf u lie lNlnH have cooked I'M
fresh set Of ngnrcs. lled with gross fiislfca-
| tipns. hoping To- impose on Congress and tho
| county. aud 20 eXtri,t more millions Tor the
benefit Of Cooke, Shepherd. Babcock and Com
! Tie people here who have heen robbed and
/ oppressed hy TINS I,irg which was Imposed on
them may ucrhlus Oes rive consideration at the
hands of Coneress hut not dollar should ho
! voted wlilc these pluhderers are allowed to
! r main IA oGirc, and to forge vouchers Tor de-
/ pi,tinsth the ireasur>.
WHAT CoNGRCss snCtLp DO.
Tho rrst step Is TO ofdern Thorough lnves'ira.
tinn. * iding every membcr Of - lest unrked
! 90 i'ittce and every member. too who II un er
suspicion of yenallty. Then let all tho looks,
uccp .nis and contracts be produced, vita ex-
! pci:s to anniy2e them thoroughly. la tins way
only can tne trush be knuwn. The Ring viii
swe'r I" anything, and force balances whenever
so far ~ the worl, around the public buildings
%.nts m 80 c;eH' mst ne r +, m"areJ
| npdiy under the eye Of the committee 10y
competent military and civil e1gineers. lie has
| rename 4 silent und.r the sr.Vest charges, and
/ i superiurs hgNc not vcnturtd 20 apply the
mill liary rule To- his case, because the President
! protects him and wound visit them with all his
| Oalci Vengeance If they disch rgud this duty.
Some idea may be formed u the chanee which
events have wrought when simon Cameron hts
| Informed the Ring that they could not expect
tOn-r, ion,l aIi this Winter. Iii, .I.c Is,
! treasury would hc r"rded forthc absolute W n =
! o. Golcrum"nt uuou an economical scale.
| The cas- must be very hopeless wncn simon ls
me ch -ritthle institutions of the District,
| which Congress NNrrIlV cudnrsed at the last
| sess ion. have all heci,rubhcd thai hau any con
! ucci ou with the Ru- banks. Henry ID. Cooke
| was treas rer for On" or IN re of them, and Of
| cours deposited thrir funds In bis own bank
! the ben ~ 4 Jay CooAe a CO. Others were
tempted oy 'hc promise of interest, and the
| supposed secu1ty of a Treasury depository.
! Others, -au, cot into the hands Of ltins con
| f,dtr .tc-, who have simply ~ icn the money
from these chAritl,s aud applied II to thcir own
80. too OF various trust funds The Court or
dtr,d ai. receive r. and o hers. lu Etu,.lry ID
y. to d zoos 10 tfp Ilr-f y tflUfWI About
if,UOut money belonging to orphans wa, thus
dsp"std %, J"d.e tuttor carried tins partality
Brink Of Warrington which h,s n,t suspended
! -ty trustee, To he removed 10 Cookies bank,
| the end Of which Is hnoWn.
DLCiIrINE APPEARANCES.
During his lifetime ". : Huntington was tho
cash ~ tho l'irst National, is lcrNe johbcr
! before Con.ress and the Departments and the
intermediary for much Of the cprrnrtinn OF nat
! now II tprI' 'us concern. lie died suddenly, tut
lived the extern i of luxury aud display seemed
To Indicate large wealth. But Ike the bank
| which in these and other re spccts he well rep
| resented, when the stern test was made he was
shown To he nearly penniless.
| Others who hne been squandering whila
money. are in a iair way - illustrate a s,nliar
experience befor the winter ends. Some Of
| them haze acquired larse property osten-ihly,
but the demands ui congressman aud cnrmor-
ants liz" them have eaten M hundreds Of thou
sands and left these nominal rruprirtors with
plenty of assets Ike 'rthern Pacific bonds and
tile els" tos tis'N hunpry creditors. Whine their
re estate has ben mortga.cd beyond It's
/ worth IN open market.
All King speculttors are doomed to 20 to
the VII when their obligations mature, "a
many of them Will do during the coming three
| or four mouths. And n Congress will only dn a
/ part of It's duty, the iWecls and COnnullys whp
/ lntest this community und nave mainly flourish
| ed by the favor ana friendship Of tnc Admins
| tration. viii be exuosed just AS those rugues
| were, and compelled to seek shelter In fOrei IN
| lands, II they escape their desrrta In tho pcni-
! teuttiry. Justice may be postuuned. but II Is
/ nearly certain 10 overtake criminals sooner OF
| later.
An Outrage aud its II ssults.
! rorrsuoudclc cr OF Ihe sun.