New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-10-26
p Q rs RlPT.
800 a. m.
TRE4SURER N4CKEY DEFENDS HIMSELF.

A PUBLIC REPLY To THE CHARGES OF CORRUPTION
HE DENIES THEM ALL AND ATTACKS THE COM
MrTEE FOR UNFAIRNESS.
Icy TELEGRAPH TO THE TIIBrNEI
PHILADELPHIA Oct. 25.-State Treasurer X. W.
Mackey replies in two-column letter 10 the recent
report of the Legislative Investigating Committee,
signed by the Democratic members. The following
is an abstract:
He ,tates that the fainrc Of witnesses TO respond 10
their process for by the utter absence OF
any lawful or constitutional warrant for the powers '
branch Of the Legislature and mere auxiliary to the
Democratic power in the present campaign. Ihe Al
legged deficit in the sinking fund OF S34oOOOo results ne
says from fact that has been necessary to use It's
revenues pay the general expenses and lawful appo
nraiions of the Governments the of the state
ouf side of the sinking fund being insufficient for thai
purpose. This was necessary else, VIII a -, i9 H.
the hands of creditors ~ the state would have been
dshOnorcd. If the Treasurer owes the sinking Fund
80, 100000 the state owes the treasurer S5loo,oVo
The Governor repeatedly called the attention OF the
Legislature this deficit in this revenue system Last
Winter. bill to remedy the evil. by dyerting half mi
lion Of the sinking Fund to the general revenue was dc
fcated in the House by solid Dem; cratic vote.
He also denies the charge that, IRON lSol 10 lSI4 VIC
state have received credit for the payment OF
Sli2330I on account Of interest upon the public debt
than WAS actually due or pad ticrelpr. ne SIND
nts statement from the books of the Treasury, show
ing the amounts Of money in detail applied Tor haI pr
pose during the period mentioned taken from the
books the Farmers and Mechanics National Bank OF
Philadelphia and certified 10 ny the cashier, aud which
amounts show an excess of the credit allowed the STATE
Treasurer by the AuitorGeneral, which IS accounted
~
He assertion that an excess OF pre-
MUM has charged the purchase OF gold 10 pay
tne interest the gOdbearing bonds 10 the amount OF
Sl2l 427 o. by giving statement OF the entire amount
Of god purchased, with the premium paid during the
wears mentioned and the names OF the brokers through
whom the purchases made The aggregate OF gold
purchased was 81 1861 800 and the aggregate premium
paid 81 81 1886 ST. of not less than II per
cent premium and if OF this latter amount the sum oi
Sl2li27 overcharge, then he the nvestiga
tons OF the Committee have disclosed that gold during
the past years has ruled at about four per cent pre-
MUM though the public impression has been quite To
the contrary. - .....
The charge that the state has lost ~ 4oo0oO by fail
ure To collect interest the rate OF cent during IL
yesrs the call deposits of the Treasury he deems en-
irely eIatuitous there being law requiring the in
vesment of the funds OF the Commonwealth ut interest
The amount down interest received j. purely the
coinage OF their brain.
In conclusion he calls attention 10 their omission TO
begin their Investigation with the term Of VIM. " Ne
Grath the last Democratic state Treasurer, though
specially instructed by the HOusc Ia begin AT that point
10 their omission TO give the calculations upon when
they base their statements, and TO refer To the pubic
documents which furnished the data for their calcutta
tinns: and further mention the fact that while he de
cined to recognize their authority as Committee, he
offered exhibit 10 them members OF the Legislature
anxiousy search Of Information, all the books ana
papers OF the Treasury