The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-09-10

Recall the EnvesiiEaling Committee
on the ErrnsnrE PlefnIchIiOns.

In a "by-authority' sort of epste written
from this city to the Cincinnati Gazette, for the
purpose of quieting apprehensions and staving
off inquiry, aS to the state Of accounts between
Ohio and the Life " Trust Company Bank we
find the following paragraph:
! "The State, it is well known, effected bust
ness arrangement with the Ohio Life Insurance
and Trust Co. several weeks since, at the time
the deficit was made known by the Treasury
defalcation, in the fund provided for paying the
July interest. The Fund Commissioners effec-
ted loan for Sl57,0JO for that purpose, there
being at that time an unadjusted account for in
tercst and new issue bonds, to near about that
amount due from the Trust Co. There is it is
supposed not tenthousand dollars difference in
! the account and the likelihood being, as un-
derstand it, in favor of the State"
Although concocted for the purpose Of pre-
venting investigation, in hope that the rea! state
OF affairs between the Treasury and the mon
ster broken bank may remain concealed until
after the election this paragraph affords another
revelation of astounding want of capacity on
the part Of the Black Republican State officers,
They are reduced to vague "supposes" as to the
Balance the broken bank owes the State. They
cannot guess within ten thousand dollars how
the account stands--nay, within twenty thou
sand--for here it is acknow edged, that they
do not know whether the State owes the Bank
ten thousand or whether the bank has swallow.
ed up that amount of the public funds This
is not the worst of it however. They do not
know what the Bank did with the money raised
by the sale of the last bonds. Whether it has
redeemed all the old ones or not, Is mere matter
of conjecture The probability is, that the
amount unredeemed is large, and that the State
will be loser to thatamount and more. We are
informed that the Auditor sent on to the bank
for redemption, a large amonnt Of bonds of 1856
deposited by the State Stock Banks as security
for their circulation. The bank cancelled the
bonds and kept the money, placing 1t to the
credit of the State. So here is Ohio liable to
State Stock Banks for the amount of those
bonds, with a credit on the books of the broken
Trust Company, to balance that liability
Through the shameful negligence of the State
officers and the Overwhelming confidence of
the whole Republican party i'll the broken bank
the probability is, that an erroneous snm has
been lost to the State at one fell swoop The
first article IN the creed Of the Black Republi-
cans was that the Trust Company was built up
on immutable foundations. Hence the notion
that the State funds were safer in that concern
without secury, than anywhere else with it
The financial servants of the State, now in pow
Ell know nothing as to the balance owing by the
Trust Company, and can explain nothing The
transition from Gibson's legerdemain and won
deriully adroit manipuations to Stones wretch
ed impatcnce is complete. If the Legislative
Committee was here now to 60 to the Ireasu-
ry and ask what was the state accounts between
Ohio and the broken bank, they would be CON
ronled with a Stony stare of helpless ignorance
nd