New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-08-23

This, perhaps, Is possible; but if we believe
it, we must believe that the Public Debt was
in reality reduced seventeen million dollars in
the month of June, instead of two millions
The only assets included in the Debt state
ment of July 1 are coin and currency. The
fifteen millions of bonds redeemed se
counted in that statement as part of the
debt; if the fifteen millions in coin which
were paid out for them are not counted as
part of the cash on hand, then the debt is
overstated by fifteen millions. If any one
believes that, we have nothing more to say
TO him. The only other alternative is to
believe that fifteen million dollars in coin
were received by the Treasury In the
month of June and not counted as
cash. We know Of no other way to Offset hi
teen million dollars paid out and still counted
as cash-a large part of the sum counted t~'ce
as cash, once as coin belonging to the United
States. and a second time as coin belonging to
private persons, deposited in the Treasury ana
covered by gold certificates 1t is an I'M
doubted fact that the Syndicate, under
their contract, had bound themselves to
pay this sum in cash on the LIST of June.
But there is no evidence that they paid
it. If we may believe the Washington
dispatches, they did not settle until the goth OF
July. No specie was imported into the coun-
try. No change in the New-YOrk bank re-
serves indicates such transfer to the Treas
ury. In truth, if any such payment was made,
twenty tons of gold coin must have been
drawn from some secret hoard.
The effect of Syndicate operations, combined
with what is called bookkeeping" has been
to falsify the Public Debt statements OF the
coin balances in the Treasury; to cause the
public to believe that there are fourteen OF
fifteen million dollars in coin in the Treasury
which are not there. The Secretary OF the
Treasury, instead of making an honest expla-
nation, as, possibly, he might have done
without serious injury to himself, has CHOSEN
to give us the lie and hound on the miserable
pack of venal scribes who are bowling for
the Government to interfere ana save
those gamblers who bought and own them,
from the clutches of other gamblers VINO
did MT buy them We repeat, it is matter
of no interest to us which animal DloOu Is
drawn from. We should, indeed, like to see
both bull and bear depleted. We showed, day
before yesterday, that practically the whole
available stock of gold this side the Rocky
Mountains was in the Treasury Since then
we have examined forty-fouE Debt statements,
and we find that in no single instance has the
stock of coin in the Treasury increased twelve
million dollars in one month, except when the
figures were falsfed by the peculiar style OF
bookkeeping which appears to be the inevita-
BILE accompaniment of Syndicate operation.
We find only two instances of such an IN
crease, one in December, 1871, when $137,OOO,-
600 of bonds were being settled for by the
original Syndicate, and the other, which we
have already exposed, in June last. We APP
pend the figures of the reported Treasury coin
balances in the months preceding and follow
ing the funding operation of 1912, together
with the net exports of specie for the month,
oftor deductinp the imDOrts: