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Comte de Paris, History of the Civil War in America. Vol. 2. (ed. Henry Coppee , LL.D.), Book VII:—politics. (search)
funds, to become a party to a fraudulent transaction. The funds entrusted to his keeping embraced government bonds, the interest on which was paid by the Indian bureau, as the guardian of the tribes who were the owners of these bonds. Mr. Bailey successively remitted eight hundred and seventy thousand dollars' worth of these bonds to Russell, in exchange for the drafts which he had failed to get cashed elsewhere, and the latter hastened to sell them. This transaction, which commenced in July, 1860, was discovered when the January coupons became due. The acceptance of the drafts was so well known that their propriety was discussed in the newspapers at the time of the transaction. When, however, the bonds were taken from the department, the January coupons were cut off, so that the disappearance of the bonds themselves might not have been discovered for months but that suspicions were excited by other circumstances.—Ed. Mr. Bailey made his escape after confessing everything; the S