Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-02-12

40 fl, if coined into
published reports Of
show, with s424,725 AZ on
l, 1873, profit on silver coined
y,O98,736 OF to be accounted for; de-
-slted with the register, =, 574,374 81; still
I on hand, 81 l,645 43. Ga this the
journal says: "Any one familiar with
simple addition and subtraction will
see that between these two totals
there is a square deficiency OF 5000, 715 -
| ID these profits, Of which no account is given
This would be increased 81 90 30, making
deficit of S404,726 o. il Mr.. Burchard's
amended statement furnished directly to this
Office, Is admitted az giving the true profit
for the year 1879. Tn sc are not our fig
ures; they are the directors own official re-
port. We have simply taken the statements
for the three year. and brought down the
balance, and it does not agree with the sum
which he Acknowledges that he has in hand.
Ii is violation OF the law to have such
sum on hand. The statute says plainly that
at least twice in each year the balance
shall be covered into the United States
money on call at 81 per cent. Here, by his
own showing, the director has money on
hand worth to the people over S35,0O0a year,
for the use of which the treasury is actually
paying that very sum annually, and he
keeps 1t 10 the possession Of the mint (if it
is there) in violation Of the plainest re-
quirement of the law, which requires him to
pay over the balance to the treasury"
The directors report for 1879 states, page
Z, that during the fiscal year ending June
30, 1879, the sum of S2,954, 454 SO was paid
into the treasury. An examination of the
registers report, page 4l3, shows acknowl-
edgment of only 3, 844, 454 60 thus received,
named in the report was not paid over. But,
asks the Journal: What has become OF the
nearly quarter OF a million dollars that
appears 10 have dropped out of the account
altogether? By what jugglery is this account
made to appear az an honest statement O.
actual profits when the secretary Of the treas
ury has the means of exposing it on the
pages OF the official report placed in his
hands?' In reply, that paper points out the
existence of mint ring" which for fifteen
years has controlled mint legislation. 1t
procured the abolition of the charge for coin
ing gold, so that the cost might be borne by
the people instead OF those who profit |
by it. In view OF these exposures, Judge |
Folger, secretary of the treasury, offered the |
Journal the privilege of designating an indi- |
yidual of the treasury department to make !
OF the mint records. That |
paper says the offer does not meet the diff |
Guilty, and will not satisfy the reasonable de-
nands of honest people, and adds: eve
will undertake to send qualified expert of
lndoubted character to draw off the account
n SO plain way that there can be no dis
outing the result of his examination, and we
will guarantee that his statement will bear
he test in which the mint reports have so
ignally failed. We do not want any white
Washing reports by members OF the mint
ing, either from the inside or the outside Of
ne treasury department. The middle is in
be official reports, and no legerdemain can
ide it. There will come revealing time
ooner or later, and we shall keep at our task,
We live, until it is high noon of that ex-
ected day" All this is clear and open; the
ounal shirks no responsibility by using
quivocal phrases. Is this state of things,
evealed by the mint's own reports, to go on
nchecked and the guilty to remain unques-
oned and unpublished?