Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1842-03-15
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and that cvood hold him to his contact fr he
vnierst Oh there distinct agreement between Wen
Ih> testimony his important bearing on Gen stops
conduct your committee conceive lhi' 04so.ls snk
nothing better suinflng shop The idct tAa
Sherwood had large If pa at his dispos that
he was trying O. pat u OF by means oil agents ~ inuaa
Ilino, and elsewhere, which facts were known 10 "ehei"
Sapp; fact that General spp himself assisted SheTWool
20 employ agents al Madison 10 ds5urse 1t; his know edge
90 di>gacefu Transaction between Sherwood aal inc MI
commissioner and lastly. General >tpp giving an or
der on Shcr,vools gent I'm Nadsn for $4,000 strongly in
dlcae 10 your that there improper con-
nectiJn between Them that Stapp was partner IN we
Transactions of Sherwood employed rs ms confidential
agent many Of lis ncfnrouS practices This testimony
not at all affected ~ the PROOF that o'iet "''
directory of the Gapoi, bank Su>tned good reput ton
I'm of thtst facts General Siapps claim OF credits i3r
Galuos plHer ON hand, sh uld undoubtedly pe aallo
committee append % this report divers letters marked
from A. Il ". These letters written TO General Sap
and rs, him DEPOSITED fund commissioners Office
DanfoF General Sapp says in has explanation
Is letter of apology DanfOdh part for not paying more
than $4,000 of the $4,000 which he had PROMISED 10 pay
Letter b, General Stapp says explains Hse 4. LtteI u
Cole refers 70 an extension of time which General Sapp had
given Binglampton bank with the understanding tlt
the payments Weiet 10 be made IN eastern funds 'ns 'e.
Is urging General Stapp 10 change the ARRANGEMENT - '"'
the payments might be made western funds 6eh Slapp
in has explanation shows what was done under IT, when i
deemed lmmaicrial, your committee draw no inference
from tie letter Injurious 10 General Stapp, except that
,r,r.a -; =, We h.en very hazarions oneration They
make gold many fair promises u Gen. Sapp, when he
requests - notice Ia explanation OF letter d. tIeneral
Stpp that DEE loaned the y A. Trust and Banking co.
payments in July. Gen Sapp thinks this loan enabled the
company 10 make payment II Of $4,000 which we
would otherwise have obtained The practice OF loan
ins State bonds by gent failing creditors 10 prop
them new the committee We have been unable 10 Ind
any tw sanction IT. and appears 10 Us 10 lack any
plausible reason sustain IT, Ii tad enough for the state
10 d,en thc desperate eXpeicnt Of hyPohec ting
bonds hei ccunt, but 10 lend our bods L tolels
10 Pee hohecatCd. for TIE purpose OF sustaining
for few mnihs the deceptive appearance oi sofcneEl an
outrage oe tolerated ia explanation o letters r.
and g. Gen. Salp informs that he bad loaned to The M
famous Sherwood 90 # State bond, sustain the hre
county nix he understood and tat sherwood told him.
when asked them, that he had Jne company
pucltse up Dy Dock stock and that IT would cfam2 m
very bonds then but that when the stock
should De an purchased he would then pledge ani pay nm
Sherwood oc ed Stapp share IN the Dry Dock Specull"n
which he declined aud owned amy ot the Dry TO
elk Here au-ther confession OF loan Of 40 ol our
bonds TO 4uitm stock lbbcI.) In continuation Zen
Sapp saws A. bonds heretofore oxen Of Sherwood
returned 30 leaving 10 st in his hands. which he kept until
Gen Sapp hn the bonds to take up the old loans and
maruets The anaon is Of much length and yoGr
have patience enough dsSect ~ but ia order
tatGcaeia Sapp complain If justice IT IS append
aud made pat al the report marked r. The following
table exhibits d the results which strike your COIN
mtftee: