The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1857-09-23
isa-- THE -RBCOK d OF THE
A dmi in istratiO on pf the state GOvern-
iiie rnent in the hands of the esea
DEMOCRATIC PARTY baa

1T is well known that during the ad-
ministration of the State Government,
under Gov. NIedin and his colleagues,
Mr. Breslin was constantly at issue with
all his Democratic associates in theeGo-
vernment, if We except the Board OF
Public Works.
1t is also equally notorious, that in
all these controversies, Gibson, Chase &
Co., the Ohio S tate Journal, and all the
Bank aud fusion papers in the State,
espoused tie cause of Brosliu. TcQ
A few weeks since we published ex-
tracts from the Messages of the able
and incortuptible MediIl, showing fully
the character of the. issues he made
with Bres.ir.
We now re-publish below extracts
from the reports of the Commissioners
of the Sinking f nd, which is record
to which the honest and radical Demo
cracy of Ohio can always recur with
pride Further comments hereafter. o.
|
Extra ct from the Second semi i-Annual Report OF
4 the Commissioners of the Sinking Fund.
On the 18th of November, 1882, a
meeting of the Commissioners was held
for the purpose of ofconsidering what steps
were necessary in order to secure the
safe and economical transfer of S44s,-
22S 76 from the Treasury of Ohio, to
the city of New York, for the payment
of the january interest on IL e foreign
public debt. A written proposition wa.
submitted from the Cashier of the Ex-
change Bank of Columbus, in behalf of
that Institution, aid other responsible
parties in Cincinnati, to furnish, free of
charge, S2l0,000 in par fands, on New
York, payable on the first day of Jan
uary, 1858, without grace or exchange,
for an equal amount of curreI.t bank
notes, delivered by the 10th ot Novem-
ber., A similar proposition, for the sum
of $500, coo, was also received from the
Clinton Bank of Col mbus. ts-s f--4-
Inasmuch as the Commissioners of
the Sinking Fand had reason to- believe
that the money required for that pay
ment of interert on the public debt was
then, and for "a long time had been, in
the use and custody of banks, vii bout
any resulting advantage to the State, it
occurred to them that SO long as the prac-
tice of loaniDg public money to banks
was tolerated, the State should be allow
ed to receive SO much profit, therefor as
would pay the semi-annual purchase of
exchange. They accordingly resolved
to notify the State Treasurer of their
views in this particular, and make known
to him the propositions of the Exchange
and Clinton Banks, in order that he
might have no room to doubt the prac-
ticability of making such arrangements in
behalf of the State. The following or
der was therefore adopted by the Com
missioners on the 18th of November:
"Ordered, for the purpose of protect
ing hthe State against unnecessary los
ses in the purchase of exchange, and
inasmuch as the Treasurer of State has
heretofore Ito wit, in May. 1852 refus-
ed to pay the draft of the State Auditor,
issued III pursuance an order in favor of
one of the members of the Board as
Agent
THAT requisition be now made on
the Auditor of State for his draft for an
amount of money equal to the interest
due in New York on the first day of
January, 1858, on the foreign pnblic
debt of Ohio, to be made pay BILE to John
G. Breslin, Agent of the Commissioners
of the Sinking Fund, for converting said
amount of funds belonging ito the Trea-
sury. of Ohio; into an equal amount of
par funds in New York, in accordance
with the arrangements O. said Board"
Pursuant to the above order, requi-
sition was Immediately made on the Au-
ditor of State, whose draft on the State
Treasury was issued in the words follow
ing to wit:
AUDITOR STATES OFFICE, g.
Dapag tnaeiat of Public Works,
Columbus, November l8, 1852.
TREASURER OF THE STATE EFF OHIo:
Sir: The Commissioners of the Sink
ing Fund have this day made the follow
ing requisition on this Office:
CFFIcE OF THE SINKI~ q FUND CoMM1ssroNER1
.r-r Columbus, November Is 1882. 5
AUDITOR OF THE STATE OF OH1o:
iSIr: The Commissioners of the Sink.
ing Fund, have received written propo-
sitions from the Exchange and Clinton !
oduho VI OOAuulDuSj lOE GIcinSclFeS anu |
other responsible parties, to place in the |
city of New York, free of exchange and |
other charges, by the list of December.
1852, without grace,) the sum of three |
hundred and ten thousand dollars, fer |
the payment of interest due in that city |
on the first day of January, 1858, on the
foreign public debt of Ohio-an equal
amount of currency to be delivered to
said banks by the Sinking Fund Com
or their agent, on the Goth
day of November, 1852. They also ex-
pect to perfect arrangements of like
character, for the additional sum of one
hundred and thirty eight thousand two
hundred and twenty eight dollars and
'eventy-six cents, being the sntire bal
lnce of interest falling due in New York
IN the first day of January, 1853
This, therefore, is to require you to
ssue your draft in favor 5of- John G.
6reslin, Asent, for the accomplishment
# the purposes above indicated, for the
um of four hundred and forty eight
housand two hundred and twenty eight
lollars and seventy-six cents, tobe, ap-
'iied Under the Instructions herein set
orth, and the proceeds thereof to be I
eld subject to the furthef order ofthis t
Board. So Erei ,.e.,.sg4s a4 IL
For which said draft thisshall be your Q
'arrant. ,e-sr ss.lr'-- .s7sts-.rs.ss-. .--.--
If WM. D. MORGAN, @ u
Acting Commissioners. i Is