, 1875-08-14
4 TTenty.Dollar t;rccnhack Points a Moral
and adorns q Tale.
The Secretary Of the Treasury and
Treasurer New Work Together
tremendously.
How the Chicago Rag-NIoney Or
gun Initiates Its Own
Currency.


Spee.ai L7shatch to TAr Chtedao 7s.tutx.
WAsn1S11oS. u. G., Ang. IA dispatch waa
sent from Washington thIs AFTERNOON to tho cf-
fecs that tho Committee spi,ointed TO examine
the casl aud accountB of tue Treasury reported
that they founl the nGatsa OF the National Btlk
redemption agency in very iooso condstion, and
severely ccnsured it's mauare.u ant. An exam
iuAston Of tho report Shows that this statement
is unaua,ifetlly falso. Tho Committee did not
criticiAo tho management OF tho agency in any
way, bnl gimply reported tbs result Of ther ex-
animation. Tho oniy discrepancy found
wM an "oycr" At Gil in tho
cash. they also found that st5,3t3
had been charged to profits aud less. THIS was
tho amount OF yariouH packages OF money alb
stracted III tho first few months after tho past
age Of Tho redemption act, brfnre tho hEuncr |
was provided with proper roona. furnltuso, Or
other precautions against loss OF theft. Il
statement will eHon DO sent out 10 all OF tho
Maternal Ianks ia covnectioo with tao ahscss-
ment for the expenses Of redecmnB their hutca,
gIyng al explanation VI all OF tbs ttHtnt Of ex-
I'ense. including tho profit aud loss account.
cent on ,bo Dauk circulation. At This
rate tho c1penas Of the setiainpston Bystetn to
hunk of Sy0uDu circulation will be about $50
uer anunm. Prominent bank officers who have
visited the agency have uniformly expressed
hurpriee At tho perfection OF its organization
aud tho snAll,tBn of tta loss.
LAST $30 0nEENHACK.
Ao Incident occuroI At tho Treasury Depart
mcnt to-day which illustrates, among oller
things. tha perfection 10 wAieh the BSb.e:n of
Checks and balances in tito Bureau OF Printing
and Engraving has boon brouslt.. Que
81 '' trnao eouutevs IL hat Bureau
4 $40 grecnback, Knowing tho daticit
would bo aAcestained without fail before ,
o'clock. Sue mhdo haste 10 e!lleli herself ny
reporting that she had discovered d deficit Of
mat u IT..
inhtion waa made, but III vain. 10 tinh who "na
1espousible for tho loHs. The excitement that
prevailed in tho cash,foon when the s47oo
loss VA a., announced =. css sepn.tea on r.
| nalty the woman who had Htolen the
bill arose from her seat and psnaed out Of tile
room. In dong 10 the stolcn bill slipped from
Tho place where 1t naa concealed Ga her per- on
and fell 10 tue door, leading to her detection.
She confessed hor crime, but told such pittful
story Of poverty and destltution and tho rress-
Ing wauta Of family dependent upon her fur
support, thai she WAS permitted TO retsln her
position npon ptonso nut to do 70 again. Sub
| soquentlr, notice Was served upon tho employees
Of tho bureau that repetition Of the otrenRe by
any one ~outd certainly moot With tho swlf!ust
punishment.
\ CHARACTERISTIC nLrsnEn.
| The Clicago Inter- ttSan recently published
| 4 Washington irtter giving Interview bad By
| Its correspondent with Con. 6pnancr, lu tho
co>,rsa Of whlc thc Gcnelal criticised NTH noma
DopArtnens with Bpec,al reference to hinsclf
Tho letter represented Spinner ~ saying tint
Treasurer Nov lad already had Some differences
and sharp words with tho Secretary, arising
eistcd II did Con. Spinner ON
his right to manage his own bureau and anponl
bis own Bu.ordinates. Gou. Spinner has dis
claimed having said any such th'ss, stating shas
business men, AND would therefore dnltticss
! insist on managing hiB own Affairs ln hia o"n
| WAY.
| to tue editor Of tho i,1er- 0tvaa:
Tbs Interview =. roporsel between yout CORE.
| spondent and Gen. Spnnrr In your trBue Of The 81
lust. does sseat injustice 10 Secretary nsstn~ ~ ~
sharp words between the SECRETARY and n'ysclf.
8ucl uot thu fact. Our psEsoual and official Faa-
secrasary Seer ' nss W tnsfe ~ NJ ds.nds d s 70 sh!c,
could object, sal hnve ssked uothtng at biz hands
which In nas not chrerfully granted. Thcre could,
therefore, be cause ior quarrel on my Iart YhiEs
| truly. kc., Jon$c. Sk"'
THE FIVE rEn cES1s.
Tho call for bonds to-day rcluers tho nnmbor
Of per ceut bonds. to bs f,inJea u,,'es tho acts
| Of 1870 aud 1871. to s37. 7S5,3JU, Hnu thid
amount it Ia assumed at tho TrtasNry Depart
munt will all bs thken bnfore Soy. Is next. It
Ia not tho purnose of tho Secretary OF tho Treas-
urv TO maize any a,sl'ncton In tho 'n"nsh'y
debt statements OF the bonds isaucd ln-
der the Funding act aud thoro sold nt'-
dor tho provisions or tho sreco TO-.
sumption set. 70 until tho ent'Fe a'noahs o!
por cents authorized to bu funded a.e dlHposed
Of the public will no: know exactly how much
tho Secretary Increased tt,n bonded 'nuehtedness
Of tho United bsates The amount, however.
already sold Ii uearly sl700U.Nn lho lFevlous
eubscs1utiun OF tho Syndicate will olFAec from
tho tebt statement the last Of The 5.eo ioan oi
Feb. Is, lAb4, 4l,d tho Sulsctlpton to-day will
wipa out tue last at tue ~, loan or March
., 1861, besides reducing the loau u June W.,
1854. k9o0v,ou tho eut'so amount or which
will be nearly cancelled When tho laat per gent
boutl IL funded. Tho rar;dtty with which tho
PCT centa have heon disguised OF creates ah opt11
) ion III the Department tiat the market w! be
tary vii! DO obliged to sell between S30 QUO ool
and $40, ,0O1. .1o0 Ut per ccnts tu proylds slvel
with ~hich to replace fractional ourrency. u aas
nothing Of the large suoant OF oonds disposn,t
tenders Tueso bonds sro sedeetnable, though
not payAhle, May l., 1881, aud The
probability .uat tbs dsy Of paymeu: will b.
deferred Hoveral yeats Induces the op!niou In ta
! Department that tue Secretary will have NJ
, trouble in continuing their sale III suicten
| number to sssrpe the prompt redsmptlon O.
every legal.tcndes outssandlpg on tho lst day o
s1LvER colsa
The carAcity OF the tnints for co!ntnG silver
liQiI.el, but BY the tst OF January next theTt
be on hsni subsidiary coin sufficient to nlaSo !!
oasy for sau SECRETARY to beg1u thu work o.
crcmating the fractional currency. II VA
tie intention OF tho DcpastlMons to store
s. oo9 9o0 III the suh- Ixeasury ~ sostou, but ~
examination Of thu vault, The targost u tl!e
country, reveals TINT It would not lp sale 70 pu'
no1a t11u IL D00. .GUu there.
t1D Ghx 4 tssVttatfa }ftAtI
BONDS CALLED IN. A..
TREASURY DEPARTMENT WAsu1safos, aug;
: 13.-Uy virtue OF thu authority Ysei! " tue act
: n Convreps, approved July u; 1874. ent!t1ea
An act 10 authorize tho 1ofaudlns u the ~
.lons Ieot, Iefeby xi,e ustiie e., .h.t ss , p;iu,
c!pas aud accrued iuteraas % Is tAo nonls % oelon =
I
he nsid n thu Treasury of ltst
iintted Hates, st Washington. gu aud aftel
tho 18th d.y u keysmbet IT, aud H. shst ts u
, H. !. ~ nv. tho bonds of the acts Vt March
!, iSt1, sud juua 70, ls6i ~ sollow.: Six psr ceu
sss,stsfed 1s 0oud* Of H. tst e., q M.rsh . lssa
from Nos. l to - both anclus1ye a-WA Nos.