The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-09
FORCING TREASURY BALANCEs.
What Gen. spinner had 10 say Abeuf IL and
Osher Qaestienable Transactions


WAsHISoros, Aug. s.-There has been
a great outcry from the Republican Senators
about that clause OF the Democratic platform
which speaks Of Secretary OF the Treasury
forcing balances. 1t has been pronouced untrue
and stale slAnder.
On the eth OF July last Y. Z. Spinner, late
Treasurer OF the United States, was examined
by the Committee on Expenditures in the Trea-
sury Department. aud be testified as follows:
o.wn any part Of that fund used to balance the
puSe p, & a. " h 70 your nn0siedse Al can.
.ains DO not SNOW how tue law has been lsitery.
Sns .: dres1es py a. no 70 pHS.a eS, set sa.ee1.,
tbs, u sSa
l. " Hhien NY naue was sttaeard and objected 10
Siq OG want youi
A1Ihe s.erstary o. the Treasury 0r MS ssslstsntI
was carr tie war. Thev would publish a statement
SY' be sase it, sa 80 they a.ed %
puDsn statement as tne statement OF toe Treasurer
Su, ~ not s@snsis from ~ once ' A'' 10 ~
not 9 i1.%Ss S% Ss, ;sss
balances or other that did NOT accord
He ss hns. Sp . a as no .nos I ,as G
so,qs, a. M and s,d not u NE 4 a, the ,lme starwIa
duy Of the seeretary % make the stMemens.
AT en- was not responsible AID knew nothing
a ont "a se de1. @ ana rre ,esSrded them
RUE that ming must .. dynged that tsses place in
d
everything, and when was ssked questions unless
iU se d ae sny sS'psd ssT; M As sS
fund 10 bs ance tue public deot statements did not
i Whatever. They wouia take pains % not lei me
tie interest IN those deot statements.
The following testimony from the same source
In regard 10 Government depositaries viii be
found interesting readiGg. 1t 10 iu regard to the
First National Bank Of this city:
Q-You speak about this bank Deiug agent of the
m Da As 5 5efsye r :ns. ss % S
A.-Ihey would naturally receive It. IL could be paii
accounts would show that and would take II up my
gsners account ana could tran.fer { 70 n. Iisa.uI
tLe Treasury 70 any nstons Dsnk or to any private
Q-You received statements gulsr intervals from
sl nese depo,saeI as ne amouni Of puDlic money
a week from eyeD depostary bank IN the United
o And It was optional with you thereafter as to how
long they retsln.d NJ A.-CertainJ IL was subject
would appear their statement and the voucher
would come 10 me, 40 that would know that It all
Q e1ne secretary Of the Treasury had the same
AYcs because il deposited 10 bis credit and not
70 NINE; u % wss an account tina; ! meyer liked and Il
though don't know that ought 20 volunteer It.
up Tor time and wanted money 0adly and told Mr..
McCuloch thai II there was no other WAY could put
sold these stocks. some way or other we did get
~ using Slnosi al Sud, Of funds Aud .itsr Sas
while louna that there was avery nsavy deposit 10
Nsdons BsnE E sdyssG Mr. MctuSe6' OF I" tas, S fei fact
He sent lot Mr.. Huntington. the ca her who now
dead. MIR. Huntington said that It was to his credit
lie Lad not ul II 10 my credit because then he would
have Oeen OBJ igr 10 report q ever wees There IL
lay for rMonths hnn mont ia. and don't kho" but ayear
Q.-Waslt large amount Alt was lar gc amount,
running intO the nions. Mr.. McLuliocl. Remember.
was drtadfuly cnagriued about Il recolect hO "
be blOwtd hun ~ ABOUT Il. MIR. Huntington knew all
the time that It ought to have been put tu my crciit
He dld lnteution lly, that they could use the
moIey. ana We nogdea ityery badly Al the same tme.
81 alwals mad yey strong prejudice against those
Institutions. thought II Was safer to put the money
where It Delonged. | never transferred any to any
bank from the Treasury. II mauc any transfer
to the Treasury aud would do that whenever WAS
not PROMOTED.