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Story
October 21, 1841
The Madisonian
Washington, District Of Columbia
What is this article about?
A circulated statement claims that P. B. Ewing, son of the late Treasury Secretary Mr. Ewing, received a large extravagant sum for negotiating part of a public loan. It is contradicted, stating he negotiated $500,000 and received only $416.66 commission from the Treasury Department.
Clipping
OCR Quality
98%
Excellent
Full Text
A statement is in circulation to the effect that, a son of the late Secretary of the Treasury, Mr. Ewing, received a very large and extravagant sum of money in payment for negotiating a portion of the Public Loan.
In contradicting this charge, we are authorized to state that, the amount of loan effected by Mr. P. B. Ewing, was half a million of dollars, for which he was paid by the Treasury Department one twelfth of one per cent. The whole amount received by him therefore, in payment of his services, dwindles down to $416 66. This is the sum which has been very unjustly magnified into thousands.
In contradicting this charge, we are authorized to state that, the amount of loan effected by Mr. P. B. Ewing, was half a million of dollars, for which he was paid by the Treasury Department one twelfth of one per cent. The whole amount received by him therefore, in payment of his services, dwindles down to $416 66. This is the sum which has been very unjustly magnified into thousands.
What sub-type of article is it?
Deception Fraud
What themes does it cover?
Deception
Justice
What keywords are associated?
Public Loan
Negotiation
Treasury Department
Commission
Rumor Refutation
What entities or persons were involved?
Mr. Ewing
Mr. P. B. Ewing
Story Details
Key Persons
Mr. Ewing
Mr. P. B. Ewing
Story Details
A false claim circulates that Mr. P. B. Ewing received a large sum for negotiating a public loan; it is refuted that he negotiated $500,000 and received $416.66 commission.