The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-11-22
FROM WASHINGTON.
Cause of Bank Failurcs-Probnbie chanse
in she Treasury Department-Where Did
Sc Money Go!

WASHINGTON, November 20.-The embaT-
rassment OF another national bank, thls
time in the solid. conservative city OF Bos-
ton. has served 10 deepen the conviction
that proyision must be made for giving
more security i'm the future than there has
been I'm the past for the shareholders and
the depoSitors Of these institutions. IL
has been suggested that the authorities here
order 4 simultaneous investigation OF the
condition OF the national banks throughout
the country by competent examiners; and
that the Investigation @ made 30 full and
searching as T. insure confidence in the re-
suits when announced. II has often been
argued that no national hank whose affairs
ere managed with honesty and on business
Drinciples can become embarrassed. Those,
therefore, which have been so conducted
have nothing 20 dread from letting in the
daylight. For the benefit Of the whole
community those institutions whose dis
honest cashier. or other officials are taking
what does not belong 10 them, or where
incOmpeicncy and carelfs,noss control,
should be discovered. and either be wound
up or renovated.
ASSISTANT SECRETARY UPTON.
Publication is made here 20 the effect
that misunderstanding of-thC-TTeasuTy
linton. who left Washington last night Tor
Iowa. will not resume his desk n Assistant
Secretary. The friends * Nr. pton say
that this statement j. at least premature,
vet it i very generally believed that Mr..
Upton will very soon give place 70 another
Assistant Secretary. Ii i known that Mr..
UPTON. before leaving. arranged and
packed up his private effects, which Is
considered as pretty good evidence Of his
approaching final departure.
TIE TREASURY CONTINGENT FUND.
The Sunday Gqzc'te prints to-day another
insfalmOnt q what it Gains is evidence
with reference 10 the expenditure OF the
Treasury Department contingent fund. 1t
alleges that $500 Of the contingent f,md
was used in paying ior furniture Tor Sec
reta1y Shcrmal's new house. IL also a.
leges thai "a great deal OF the stationery
used by the Sherman literary bureau prior
10 the Chicago Convention came from the
stationery office Of the Treasury Depart
mcni. and that ali The furniture Tor this
literary bureau, which occupied several
large rooms in the CorcCrJn building, was
sent over from The department.
ARREST OF An EX-DEFUTY AUDITOR.
Frederick b. Lilley, who was dismissed
some months ago from the position OF De
putty Auditor - the Po,t-Ol.ce Depart
ment, was ar ted on Saturday on the
charge OF having, December 70, 1879, t.
ceiyed from George i. Brott, a contractor
for steamboat mail service, $4,000, @, COM
pensation for procuring Tor Brott a con-
tract Tor Carrying the mails from Don
La, to Red River Landing. lie
is also charged with having agreed, in con-
sideration OF q payment OF 500, 10 put on
file certain drafts upon mail pay due Jesse
4. Irwin, drawn in favor Of Brott. and
with having afterwards removed the drafts
frcm the files. in consideration OF q pay
nett Of 800. Liiley was taken before CON-
missioner Bundy and gave bail in $1,000.
He will have hearing on Monday.-BG!ti-
f1Oro SIM