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Radical Administration Of Pennsylvania's Finances

Radical Administration Of Pennsylvania's Finances image
Parent Issue
Day
16
Month
August
Year
1872
Copyright
Public Domain
OCR Text

Spi-rUl Dtepatcb t the i iii' i-' Tribune, New York, August 12. - The World states that the result of the recent investiution in the Treasrury Department of Vnnsylvania is au followa : " Two very t:iblu, but deferentiaL oashiere of oity bank umlortook this BOrutiny, and nowwe have thia report: Of 12,129,000 uominally in tho TroMury, uvciy dollar oxcept 60,000, or in other worda $2,000,000, aro dopositcd or lent to 64 bankg or bankors in various seutions ol' tiio Stuk', two of which liavc failed. Tlie total ainouut of tho actual cash is about $28,000, a chock for $200, and a mysterious anonyuious "due bill" for $1,200. ïhis is the condition of the Pouusylvtinia Troasury as to its oash assets. Now, a word ai to whut may be termod its flduciary meani. Tho rinking fnnd of $10,000 is viitimlly in tlio hands of the PennKylvania K-.iilroad, whoso papor olilignt.ioii is therefor lield. Instead of relucing the Stuit.' ilclit by that aiuoiiTit, euy cli'iiiancl on the railroad for payment would bu men with a shout of defiance."

Article

Subjects
Old News
Michigan Argus