The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1855-01-27
Ottana fruTra0er.
Wadswor,h & sheldon and the state.

Y~ssss
Wadswor;h l. Sheldon and the state.
Below will be found the communication
alluded 10 in our legislative proceedings, Is
having been laid before the legislature by
the governor, in reference TO the financial
account between our state and Nadsworth
sheldon. We notice in the Chicago Deryo-
c-at. (thc editor of which has FOR years been
personal enemy of Mr. WadSwortD and in
several wing papers attempts to cast censure
upon Gov. Matteson in connection with this
matter, but for the life Of us we cannot see
upon what ground. So far as concerns the
interest fund, the governor but complied
with the law in placing it in the hands Of
the state agent, who had been appointed be-
fore he came into Office and as for employ
ing Messrs W. u ). as discussing agents Of
the surplus revenue and land fund IN The
purchase of state indebtedness, it was surely
not expected that Gov. Mattcson would per
sonally remain in New York and attend the
stock market from week to week, to pur-
chase bonds He employed an agent, as any
other business man would have done, aud if
any of the funds have been miSappled,
Gov. NJ. is responsible to the state, aud
pledges himself to hold the state good
against all loss.
Executive DErARTMENr,
Springfield, Jan. l6, 1890.
TO The Honorable the Senate:
In compliance with the resolution of the
senate, Of the 9Th inst, have the honor to
communicate to your honorable body re-
port of the account between julius NadS'
worth as state agent and the state OF ltil-
nois giving the amount o! money IN his
hands rs near as can be asccrtalned without
Il full adjustment of the account The dill
Guilty labor under in coming at the precise
amount is that at all times there are some
payments deferred on account of holders Of
bonds not calling for their interest, which
sums vary very much at dlieren. times. II
the senate will authorize the finance commit
tee or other appropriate committee to exam.
inc detailed settlement Of the account of
the state agent, made up to the LIST of July
last, now in my office, | can give more
clear view ofthe whole account. 1t contains
all the vouchers | have Of the settlement
being great many hundred, or | would
submit direct to the senate.
There is now in the hands Of the state
agent, as near as can calculate, about two
hundred and thirty thousand dollars being
one hundred and fifty thousand dollars for
the amount to be paid as interest due Janua-
ry LIST, 1855, and balances applied on ar
rcars of interest on former instruments, with
amount not drawn, subject to be used on
July interest, 1855.
have sent an agent On to New York, who
will remain there, if possible, until he gets
report of the precise situation OF said ac-
count AS soon as receive the same will
lay it before the senate,
Amount of interest drawn and paid over
July 18th, $4,000
August 10Th, $4,000
September 2Sth, $4,000
December I'd $4,000
1912, 900
Attached are the copies of the bonds given
by Julius Wadsworth'as agent OF the state
also herewith enclose statement of the
receipts and disposition made Of the surplus
revenue and lard funds The balance, as
per this statement was the amount in the
hands of Wadsworth d Sheldon on the first
day of December, 1854, but may have been
in part or whole used in the purchase of
bonds before the day oriailurc There were
no bonds taken in the case of these invest
ments. | hope there will be no loss.
Should there be, | pledge myself that as
soon as such are known, | will make the
amount good to the state.
julius Wadsworth was appointed state
agent by Augustus C. French, and bonds
taken 20th day of April, ls4s. fool salts.
fled that the state will lose nothing by the
failure of julius Wadsworlh, as state agent,
as am informed that Wadsworth Sheldon
preferred this debt D. a. MaT1ESON.
Accompanying the above communication
the governor forwards copies of the bonds
Of Wadsworth & Sheldon and julius Wads-s
worth. The securities for the latter are
Messrs +. S. Wadsworth, Thomas Dyer,
+. &. Sherman, II. 7. Dickcy, and Mark
Skinner, all Of Chicago.
Also accompanying the above are detailed
tabular statements, showing the disposition
Of the surplus revenue, and the amount of
state Indebtedness purchased Herewith. Al
So the disposition OF the land fund, and the
amount of state Indebtedness purchased.
The total amount Of the surplus revenue
fund received by the governor during the
past two years, was $l37, 053 81 indebted
ness purchased, Sl72,436 l0-cash value,
$ll7,O53 50. Leaving an uncXpcndcd bal
ancc in the governors hands Of 500, 900.
The amount of land fund drawn by the 60
vernon was $2S3,652 90; Indebtedness pur-
chased Herewith, SHAFTS 7s--its cash va
luc was $273,267 So; unexpended balance
remaining with the governor, slo,3S5 SO.
Total balance of both funds on hand, $780,
3S5 SO. -...