New-York tribune., 1877-05-15
MONEY FOR ARMY AND NAVY.

~ OFFER BY DGGNEI, MORGAN Co.-A sYNDT-
CATE 10 ADVANCE THE MONEY ron PAY-RoLLs.
WAsmNGToS, May 14.-Ihc Secretary Of
War has received from Mcsars DreXel Morgan Co. Of
New York the following letter in regard 10 advancing
funds to pay the army: ,,....,..... ,,...,, ,s--
tn the HON. Gao. " McCEtEr Secreingof war; wash
Tn failure Of Congress to perform what appears
10 Us an obvious and sacred daty. mann, y, hc iaS o
the ssagy appropriation for the pay of iHr 1lG,r+
and men Of uur army au navy and our desire 10 pre-
vent II possible inevitable loss and distress 10 class o
men whose interests should. IN ogr ludsment command
the greatest and most earnest socitldc q" the Govern
ana OF the country prompt us 10 address you' S
Fjrgs what would be the risk would incur in adj
vaucing the funds for the prompt payment oil ' on'ef
Send Which are the dates when the sundry pay
IIici: what would he the probable duration OF the
foa-h Which would be the safest mode Of eifccting
Fitfh Gould the machinery Of the Government he used
II is not our intention TO offer to lend the money TO The
Government for the putpo~r, and thus e-ta lsh what
might per,aus hp considered Objectionable PRECEDENT
nor shlii we wish 10 do anything to place the officer,
J men i'm & Iil n of hrneficilIie,; but dci would
be- Simply in order 70 project tue men rom tNGInl'a
chorars 10 form syndicate who would furnish tie
necessary means say at The rate Of five or SIX per cent
per arnum should the Project appear to you rraciica
1lr we shall nc pleased To take leading part n pre-.
srutns il 10 the public and supporting II III liberal ana
ibsfaT,fial manner aud we shall hc graz lied Tor any
.,.tion Won may Sec nt to make for the successful
carr, in. ont of the scheme.
We remain. SIN your oucdicnt servants .c.
DEUNEi. MORGAN, & Co.
To tbe aboyc letter the Secretary replied follows:
W,>mNGToN y. C., May u, 1877.
To DRENET. MORGAN & Coz Nc'r- lgLE; -,
GENrtUuES: Your lctcr of the i'm j. received anu
wish 10 thank YOU for tine kind scllcude which lou
manifest o. the necessities Ut iuthIll Glass o 'it
servants. Nou make inquiries aN 10 i' I,i.''',S nv @ "
pt,ng tnc officers and men by syndicate whose Nt5
of discount would ur those caItenl III ordinary u"H'a'
Transactions instead o. tie cXtoFlouatr r@ir' TO "yn ~
they might otherwise bc subjected Sucha Schcc ~ ia
W. opinion entirely praccabc; uut Uc iiN9 pionp.l
ing any executive officer nom lHNoIVluE .I.r % @ @ ,.
IL any Liabilities not provided TT u! Pu,.l
so positive that the transaction mast be- purely pFNc
At the risE oi thr s5hIc%t', BIS rSS S - H. v '
possibility at CouEfs, WlSi, ho' pa, -, ~. 80 ,,,,
bill: second the possibility officers making ot Iiiiu
lent pay accouns is sr[. issa as anI ti subjects an
officer 10 trial by court martial ana dism ~SaI 49,,
In reply your questions would stte tnlt lle ,na-
chiucry OF the Government couiu hot u u7'' ~, 'i' ~ 80
for tn proposed purpose Il would br II cessri lul gu
all of he obligations To dlschaIEea ] ]'o,l ~ w ~,
uU at whose term, expire Uivl' NV -
and paying Them ont OF the current Appropriation lhc
enlisted men are IHd on muster an. t KY Ky viii MIR
months. only one payment -thd' uI aus, 81 WI I
yeue between july and the mte9uE OF tonE'S,', n,'
as the men are fcd ana clulheu ~ ~, a.,
ment there would be no great h.lu7mP ~ ~
postponng their payment 9hI4 ,"e IN tn Sav "f
oct 30 Moreover neie are dIihtules ~ tmo WY ~
pavng them, owing tine provisions al Seell'h l-'l,
Revised statutes "hch IL .,rgr ~, ,e dIf-
pay by enlisted men prior To iltlt =, Ii, Who
ncues do not however, exist ln the case "l otI9 WIZ"
are defsndrnt on th'r iS to 81" I oq vouchers Of
which a rIny is incu,ed viii consult with thc Atlot,
u,
Issue an order authorizing pas masters "h' @
are presented to them for payment io pAt ON the ''A "
iudGrs-ueut sumcV what ~ this sort:
"Ihc within account s believed 10 ne c"tIcVtt ~ ~
would Dc Iaia hy II had pibIc fnios ~ laape io'
that purpose. 80. ,. a., no, - mr.
The officer could then indorsc lhc - %t"ui, !" @ u', ~
der and your agent could pay u by check of otcr"t'
- surh di-col,If a YOU ml-ht establish Wien an ap-
ration i, made you present IN 80 ldoIed N""c"ol'
10 the Paymastel-t General FOR pay mcnt. e..,.-
Pay for the months Of July, August ana oepV,u,'''
will certainly b. required and possibly ais" ioi O,'uo
Ibe upnroNii,ate t,ouhy expenditure Tor th" Pa' of
oticell actin. assistant surgeons aud pl mae 'el ccIhs
and mileage and otr! pay meals &" outrs ~ eoV""o
You would require disuUr>lug agents o. 'l'hSo ' ~
Paul, Mimi; Omaha Nrhi Lrh'.ts2 w. hh|' ;,o"
Orleans La: san Antonio, Texas; ~ii l|hr Dl! Juan
Helena, Montana; santa Fe y NJ, -At Francisco Ca'..
Portland oregon. and Prescott, Arizona hnd poa''b!N
few otLers From Nrw-York yuu CoH-d pa! we stations
along tie Atauic aud lake cOists l"s IDLY an A-l ~
Chnrlcston \ c. and another AT Atlanta Ca would De
necessary incose a tabuaied abatement Ol lhe stt-
tons OF the regiments, from winch you can form your
own estimate uf tho number Of agents necessary wiz
cheerfuly afford you at any time any Information con