Holmes County Republican. [volume] (Millersburg, Holmes County, Ohio) 1856-1865, 1857-06-25
The Treasury DefaIcatiOn
- S11S.OOO Comet -
The State ,Journal of YESTERDAY

Tne treasury DefaIcatlOn ..
SSS5,OOO Gone!
The State Journal of yesterday makes
a statement more in detail of the facts in
the great defalcation case, as follows:
The interest upon the State debt, which
falls due on the first of July had to be
provided for, and the State Auditor, Mr..
Wright, had an interview on Wednesday
with Mr.. Gibson in relation to it. Then it
was that Mr.. Gibson first disclosed the ex-
istence of the deficit in the Treasury. He
stated TO Mr.. Wright that when he came
into office he found Mr. Breslin, bis pre-
decessor in the Treasury office, to be a
large defaulter. He was induced by repre-
sentations made TO him by Breslin to the
effect, that if nothing was said in regard
to the default and if time was giving him,
that the whole deficit would be made up,and
the State would not lose anything by his
operations with the State funds.
In an ell hour Mr. Gibson agreed to
the proposition made to him by Mr.. Bres-
lin, and from that time until the present
he had been shouldering this vast load of
debt. The whole sum of two hundred and
twenty-five Thousand eight hundred and
nineteen dollars and thirty cents, long since
made public, at the time Mr.. Gibson enter
ed upon his duties, was about five hundred
and fifty thousand dollars. Mr.. Gibson
says that not one dollar of the public funds
has been taken by him, or used Illegally
by him, since he has been in office, and that
the entire default was the work of MIR.
Breslin.
The Auditor of State, in his report for
1856, page 7, says "The books of this
office show, on the 18th day of November,
1855. balance in the Treasury of $579,-
SIT 81, of this I am informed BY the
Treasurer of State, there is s225,sI9 80,
which has not been paid over into his
hands," This amount was deposited in
in sums varying in amount as follows:
In the Commercial Bank of Toledo S26,27l %
W. W. Cones d Co., OF Cincinnati, 47,T6S 90
City Bank of Cincinnati 1881 95
With Daniel Buckel of Dayton 5O,735 48
Which with the further sum of 2l,lS3 "a
charged and retained by the late Treasurer
as amount paid by him for exchange during
the four years of his administration, make
up the aggregate named by us above
This money was lost by the failure of the
parties with whom it was deposited. Not
any of this money, we believe, has ever been
received into the Treasury. The whole
amount of the deficit under Mr.. Breslin's
administration of the Treasury, is about
seven hundred and sepentyJfpe thousand
dollars. -.....-,.- s.....
On the same day after making the dis
closure, Mr.. Gibson left Columbus for Tiff
fin, from whence he did not return till late
ON Friday night. In the mean time, and
at the earliest possible moment, Mr.. Wright
communicated the state of affairs to the
Governor. A dispatch was sent to the At
;orney General at Cincinnati, requiring his
presence, and early on Saturday morning
the Governor and Fund Commissioners
had an interview with Mr.. Gibson, the re-
suit of which was his resignation in the af-
ternoon. In the meantime, the keys of the
vault had been placed by Mr.. Gibson in the
hands of the Governor who retained them
until he handed them over to Col. Stone,
his successor. The Governor did not leave
the Office on Saturday until the new Treas
urer had given his bond and taken his oath.
He then received his commission, and was
put in possession of the Treasury.
Mr.. Dennison was appointed under the
act of last winter, in conjunction with the
Auditor and one of his Clerk. Mr.. Nor
gan, late Auditor, was invited to act with
him, but being obliged by engagements to
decline, he recommended w. S. V. Prentiss.
We also understand that Mr.. Stone on re-
ceiving the keys of the vaults this morning
invited DR.. Dennison and Mr.. Sparrow, late
P. M. of Columbus, to be present at the
opening of them, and to assist him in TAX
ing an inventory of every thing found in
the Treasury.
These, we believe, are all the facts that
are yet fully known. Mr.. Breslin is absent
from the city on visit to Nebraska. He
was expected home on Saturday evening,
but, he did not come. Mr. Gibson left
the city on Saturday night for his home
in Tifin, but will be here again tomorrow.
Our city is filled with all sorts of rumors
and surmises, growing out of the disclos-
ures made on saturday, but we believe
that all that is really known in regard to
them, we have above stated. The bond
of Mr.. Gibson, which is on deposit in the
office of the Secretary of State, is said to
be one of the most substantial ever given
TO the State. We shall endeavor to ac-
quaint our readers with all the facts in the
case as they transpire.
The Ohio Statesman of yesterday after
noon says:
Our community were startled on Satur-
day by the announcement that a defalcation |
had been discovered in the State Treasury
Of more than half million of dollars
This is in addition to the $225,0OO admit
ted TO have been lost to the State through
the lnismagement or wrongful act of the
predecessor of the late State Treasurer.
We were not advised of the fact, the
amount or nature of the defalcation, until
word was sent from the Executive office
on Saturday afternoon to delay the issue
Of the paper, and the Postscript announc-
ng the defalcation was brought over to tho
office. We were aware that something
wrong had transpired, and on Thursday
evening it was rumored that heavy amount
was missing from the Treasury, some say
mo- that the Treasurer himself had made
IF with the money, and Others connecti. G
he chief clerk in some way with it.
When the announcement which was pub
ished on Saturday was. received, we were