The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-09-02
!. 4 e aTERMS:----s1,5o per Annum, ID Adyance.
The, Late Defalcation Chase's Con
nection with ItAHis Letter to

The Late Defalcation Chase's Con-
II nection with ItAHis Letter to
1 sgs@A - aoiisG Breslin.ISg s. sias
:: The proof is now lcompletef that the
State lost nearly 100000 of its funds
through The fundamentally of Salmon p.
Chase. Breslin, the Treasurer, deposited
fnearly that amount with the City Bank Of
Cincinnati, upon the elrecommendation Of
!. CHASE, and the deposit was lost. 4 The
tbank was in. q bad condition at the time
Chase wrote to Breslin in its favor, Here
fare the documents connected with it:
''7 CoLuMBus, o., August 90, 1857.
To the Editors Of the Ohio Statesman:
| I notice in the Journal Of last evening
q card signed by Thomas Heaton and E.
4 M. Gregory, formerly officers Of the City
fBank of CINCINNATI, in which they declare
lthatgif Governor Chase, gave q letter to
Mr.. Breslin, recommending deposit in
that institution, that they are not aware
of it. . Although this is far from being a
tdenial Of the fact, tits intended evidently
to be used as sarefutation,' '' and as the
charge was originally made upon my aul
thority,I Il deem it not improper for me to
assign. my reasons for making it.
Some time last winter, Mr. Breslin, III
conversation with myself regarding the
losses to the State by deposits with banks
remarked that it was impossible. to- With
stand the, opportunities of bankers and
politicians; and further; abiding to the
4 City Bank deposits, he produced a letter;
from s.SaImop p. Chase, Recommending a
depositsef State funds IN the City Bank of
Ci,acianati, !: schich letter, he informed me,
he seas about to shoao to tie Finance Com
nsttee.. I urged him to make it part Of
his answer to the ihterrogateries of the
Committee. In reply, alle said that he
Icould not, as Govesnor Chase, although a
political opponent, aoas a personal friend,
and, fi1thefmore, stact Chase contna2ed sev-
eral snt7uentials Repu5fcan neaospdpers,
among which pas the State journal, all of
(which were then friendly to him; but
which, if he made public Mr.. Chase's let
tier would all be down on him.,
i viii add that when Mr.. Taylor, Of
| Mahoning Chairman Of the Finance In.
hvestigating g Committee, was in this city,
La short time since, in attendance as q wit
'Iness before the Grand Jury of Franklin
sIlCounty,, he acknowledged that be was
aware of the existence of such q letter.
j gNss T'e Respectfully, a g a1iss 1888 Eys.l
ansa hsEoe sNWa S.sV. PRENTISS.ag 6
j qNewaread the following, which we take
i from the Newark Aduertiser:i s@dt ,tss "a
asWithoutfurtherc comment, therefore, awe
ask the publicsto to read the following pas
sages from the report made to the Legis-
lature in January last, by the Black Re-
publican Committee appointed to investi-
4 gate the Condition of the State finances:
! lathe committee are also satisfied shat
large deposits were made in the City Bank
i by Mr.. Breslin before the, opening of nav
j iyation in 1852, not only from an inspec-
4 tion Of the books Of the bank, but from
the report of w. F. johnson, who aex-
i amiuedsythata institutionsiAprils7, 1852.
i The report Of Mr.. johnson was made to
the Auditor. of State. April 13,. 1852,
and was by him communicated to the Sen
! ate the 30th day of the same month.
e* 7*4e*a From The statement of its
4 assets, and otherwise, inHMr Johnsoa's
report of April, 1852, the bank appears
'i to have been. then IN a rotten condition
q condition that could not have been un-
4 known to the business men Of Cincinnati,
and could not have escaped the observa-
i ton of a person Of ordinary ei,aelzigence,
I seeking sasafs depository Of large amounts Is
i "The City Bank Z 81 Ci Cincinnati was was Or d,
!, ganized IN May, 1915, by FIVE persons,
! principal of whom wassa broker; was
subsequently sold to q citizen of Cincin-
] lnati and q New York ibroker, and was
Iagain sold in l85O-haying thus il five
years three sets Of owners. With this
4 history, necessarily public, a sound insti-
A tuition and public credit could notbs hoped
foras3t 5aaa4 Saa gs5s esd 80 ksssF sez
Il (Signed,} esf gtrR. w. TAYLOR.
il s&s aaet s9aaosa saISna I a. Z siNNErT = J,
4 The above IS plain and unmistakable in
! u its meaning. 1t is nota siocofoc libei,S'
8 but is the solemn official sdeclaratlon Of .
! }eommitteel of three intelligent Republi.
: can Legislators They say that the bank
Il was unsafe; that it was absolutely Sotte',
: and that its unsound condition must have
:. been knosensnot only to the business men
a Of Cincinnati, but to any person of ords'
Z elnaru tstelSqeuce. Was Governor Chase
J man Of ordinary intelligence? If he was
Z then the Committee Black Republi
J can Committee say be masthave k',osc'
the bank to4have been rotten when he rec
ommendedsitsto Breslin as Q depository,
SHAMEFUL EXPOSURE Little boy
"WhenI get bigger, Mr. Brown, you'll le
me ride your horse, twon't you?2Ea Il -
i Mr. sBrovn77a77ss.W by. Charlie, I haven
any horse, what made you think so?"
tE Charlie why, ! heard mother say
! this morning that You had been riding {