The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1879-07-17

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do in a way safer, cheaper and liner, all
that the Bureau has done. For tie same
reason'no new building for the Bureau
was needed, and the appropriation ol
1927 536 which was forced through the
| House undert the previous question with
Font debate in the confusion attending the
close of the session in June, 1878, is a
clear waste and loss, as is also the $50,
900 obtained by the same means lasi
February for moving the Bureau from
the Treasury into the new building
For the first half fOf the fiscal year 1879
ending December 81, 1873 the expendi'
lures of the Bureau were nearly $500 600
or about double those of the previous
year; and the Bureau by misfepresenta'
tiOns obtained appropriations OF about
million for the present year This
presents astrong contrast to McPnerson's
claim to have spent but 5000 600 year
and to have made large savings. Large
sums have been yearly asked and OBJ
tanned for "new machinery" and some
| of this machinery is stored as useless,
YET the demand for fresh appropriations
goes on yearly, though the Bureau al
ways claims to be better equipped than
any private establishment. The Bureau
aIso has on hand engraved work enough
to supply, in printing notes and bonds,
the Governments needs for fifty years
to come, yet large sums are yearly spent
OH engraving, though the engraving di.
vision of the Bureau is practically useless.
ExTRAvAGANT AND CORRUPT OFFICIALS.
Among the very first reforms made
after the reorganization" of the Bureau
in May, 1877, when Edward Mcpherson
took charge, was the purchase of an ex'
pensiye carriage and horse ($450 for the
former and 1925 for the latter, and the
employment of a man as driver, whose
pay Isl 80 per day. was increased by an
allowance of S72 cents each day as extra
time. and the cost of the carriage and
horse, as well as livery bill OF the latter
(aMounting to $50 per mpnthl, was paid
from the appropriation for labor and ex-
peDses of engraving and printing the Sc.
curities of the Governments the whole
reserved exclusiveIy for the private use
of the Chief of the Bureau, except for the
few honra the driver acted as messenger
in the Office,
Whpn MpPnersou entered on his du.
ties he made reqnistion on the custodian
Of the building for the construction of a
new Office and fittings FIR the same. A
portion of the money appropriated for
labor and expenses of engraving and
printing" was diverted from its legiti.
mate channel and disbursed under the
direction of the custodian for this pur.
pose.
The printing of bank notes has been
taken from the Comptroller of the Cur.
rency, in violation Of law, and put into
this corrupt Bureau. The printing of the
backs of greenbaCks, fractional currency
and bonds has been taken from respOn-
slble and skillful engravers--also in dis.
regard and violation of law and is now
all done in that concern; and the Re-
vised Statutes have been tampered with
to make it seem lawful. This concen.
tration of the printing in the Bureau
has been condemned as every way wrong
by repeated reports of investigators. 1t
mas been excused by false pretenses of
cheap work.
September %, 1877, in response to ad-
inviting proposals for print.
ug the blank backs on national bank
notes, bids were received from engravers,
md when opened were found to range
ron $l2 to IS "a per 1000 sheets. The
Jhief of the Bureau offered to do the
work for $S92, two cents lower than the
east hid, and the work was awarded to
the Bureau. H#
An inspection Of the bills rendered
under this arrangement showed chat
while the Bureau charged So 92 per 600
'heets for the first printing, it charged |
I'D for the green printing on the backs,
md 500 for the faces; being together |
AZ 92 thousand for the three printings,
instead of $29 rs as on the basis of this
I'D 1t should have done, The Bureau
.lso obtained, in violation of law, the
printing of the black backs of the legal
enders by putting in an absurd IBID" Of
;8 27 per 1000 Impressions. At this rate
he completed bank notes should not
lave cost over $37 66 o 1000 sheets; but
he Chief admitted that it was $45 70, and
lis own figures revealed the fact that it
vas $l0l15l The Bureau accounts are
lot so kept as to show the cost of print
ng any kind of obligation, and these
acts had to be dug ont. The accounts
lad also been falslfed in various re.
poets,
ECRET ISSUES OF GOVERNMENT NOTES AND
B )ND5 TO THE EXTENT OF $6 800, 100000.
1t is remarkable, and somewhat alarm.
ng, that this corrupt and w.defying
'ureau has by its showing, printed notes
nd bonds for which the Government is
able to the extent, up to June 80, 1873,
So 300, 900 900, and that while it has
cen conducted with extreme secrecy,
, has done $5,775 OOO0O0 within nine
ears past, and also 1900 000,U00 Ct
evenue stamps.
In 1873, when the panic was at it's
eight, George F. Cutter, now Paymas-
'r-General of t1e Navy, remitted TO Pay
ireCtor Bradford at London $500,000 to
eet drafts drawn by Paymasiers all
7er the world on Jay Cook. McCulloch ,
Co. Cutter bought bills Of exchange
Vu IauVln W. cIouCu, eXCuhDBo IoI6I
the First National Bank of New York
I'd New York agent Of Jay Cooke, Nc.
nlloch d Co., the very house against
hose threatened failure the many drafts
London were 10 be protected by re.
itting to Bradford. Oct. he drew from
% New York ub.Treasury 100000,
ID Oct. 9 $lS1, 1928, and paid them to
'ench for bills Of exchange. This he
d some days before tho mail left for
,ndon, and, as cash was then worth
= cent. day in the market, French
d his associates were enabled to use
is half million to make 100000 or up.
lrd. Cutter swore that he did this by
der Of Secretary Robeson.
DENINa THE SCOPE oFTHE INVESTIGATION.
Thousands Of dollars, the total not be.
: asGertainable without much longer
Vestigation were found to have been
tanned from the Treasury as interest
registered bonds by forging powers Of
orney for their collection, the forRers