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Editorial
July 28, 1837
Burlington Free Press
Burlington, Chittenden County, Vermont
What is this article about?
Editorial criticizes government agents for speculating with public funds, quoting Reuben M. Whitney's pamphlet on currency issues, and urges him to expose defaulters and swindlers in high positions.
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GOVERNMENT AGENTS.
Reuben M. Whitney has recently published a pamphlet at Washington on the subject of the currency, which contains, among other things, the following remarkable statements.
"Suppose," says he, "as has frequently been the case, a receiver should think proper to employ the public money in his hands in speculation for his private account, and when the treasurer's draft is presented to him for payment drawn on that money, he is unable to pay it, and the same is consequently protested"
And again—"It is a matter of public notoriety that the present system of rigid supervision exercised over the public receivers, requiring them to deposite in bank monthly the money they may have received, cannot be enforced : many will and do disregard the regulations, and great defalcations follow"
Whitney at last has an opportunity of doing the country some service Let him turn state's evidence and drag to light these swindlers and defaulters, high in the trust and confidence of the Government, who are guilty of such outrageous frauds upon the people whose money they collect.
Reuben M. Whitney has recently published a pamphlet at Washington on the subject of the currency, which contains, among other things, the following remarkable statements.
"Suppose," says he, "as has frequently been the case, a receiver should think proper to employ the public money in his hands in speculation for his private account, and when the treasurer's draft is presented to him for payment drawn on that money, he is unable to pay it, and the same is consequently protested"
And again—"It is a matter of public notoriety that the present system of rigid supervision exercised over the public receivers, requiring them to deposite in bank monthly the money they may have received, cannot be enforced : many will and do disregard the regulations, and great defalcations follow"
Whitney at last has an opportunity of doing the country some service Let him turn state's evidence and drag to light these swindlers and defaulters, high in the trust and confidence of the Government, who are guilty of such outrageous frauds upon the people whose money they collect.
What sub-type of article is it?
Economic Policy
Crime Or Punishment
What keywords are associated?
Government Agents
Public Money Speculation
Currency Pamphlet
Defalcations
State's Evidence
What entities or persons were involved?
Reuben M. Whitney
Public Receivers
Government
Editorial Details
Primary Topic
Fraud By Public Receivers With Government Funds
Stance / Tone
Critical Of Government Defaulters, Urging Exposure
Key Figures
Reuben M. Whitney
Public Receivers
Government
Key Arguments
Public Receivers Speculate With Public Money For Private Gain
Inability To Pay Leads To Protested Drafts
Supervision Over Receivers Cannot Be Enforced
Many Disregard Regulations Causing Great Defalcations
Whitney Should Turn State's Evidence To Expose Swindlers