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James Buchanan, Buchanan's administration on the eve of the rebellion 1 1 Browse Search
The Daily Dispatch: November 6, 1860., [Electronic resource] 1 1 Browse Search
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James Buchanan, Buchanan's administration on the eve of the rebellion, Chapter 10: (search)
ion, it was discovered that this clerk, in lieu of the bonds abstracted, had from time to time received bills of corresponding amount from Russell, drawn by the firm on John B. Floyd, Secretary of War, and by him accepted and indorsed, and this without any lawful authority. In consequence there was found in the safe where the Indian bonds had been kept, a number of these accepted bills, exactly equal in amount to $870,000. These acceptances were thirteen in number, commencing on the 13th September, 1860, and had been received by Mr. Bailey, according to his own statement, as collateral security for the return of the bonds, and as such had been placed by him in the safe. It is remarkable that the last of them, dated on the 13th December, 1860, for $135,000, had been drawn for the precise sum necessary to make the aggregate amount of the whole number of bills exactly equal to that of the abstracted bonds. And here it is due to Secretary Thompson to state, though a digression, that