The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1857-09-10
Chase-He Is weighed in
the Balance and found wanting.


In an article last week, we called a;ten-
ton to some Of the instances wherein Gov,
Chase had fdild 10 do his duty. We are
now prepared to show still further delinquen-
ces. According to present indications, Ohio
has lost, either directly or indirectly, through
the biuuders and neglect of Gov. Chase, an
amount OF money more than equal TO that
which WIS stolen from the treasury by Glib
son aud Breslin together.
We have already called attention to the
fact that through his advice, $4,000 was
deposited with the City Bank Of Cincinnati,
(which resulted in a total loss to the State.
Gov. Chase was the attorney Of the bank
He knew it was in rotten condtion-knew
that the money would be lcst-and yet, with
all this know ledge, he deliberately and Grim
ina,y advised Breslin to deposit it in that
wretched concern. We are, therefore, JUS /
tifed in laying G89.ooO to the charge of
C ov. Chase.
When the last Democratic administration
went out OF power, the credit Of the State
| of Chic was better than that of afy other
State OF the Union. The bonds were worth
! 81 i 8 on the doll.r, and found ready mar.
! ket al that figure. Since then, by and lcH@
! the consent and ADVICE Of Gov. Chase, the
payment OF the prncipa Of the public debt
has been postponed fer period Of twenty
years. The necessary rC suit Of this meds-
ure YVES 10 lessen the credit and financial
standing of tie State. We had ari.en t.,
and secured our high position in the fnan.
ciul world, in consequence Of the prompt
?aJ msat # our d BIS. This pos'Pcncment f
the payments could lot fail to affect US Gi.as.
tr,us,y. What its result has been may be
Judged of by our history since then. Within
a few months past, So 500 eco of the bonds
OF Ohio have been sold at 81 O3 on the Gol-
Iar. Here is decrease and Gil cctUGl loss
Of ten cents upon every dollar. On 81 ,500,-
600 it amounts to $3.50 Goo. Here is a loss,
occGsioncd man'y by the Encouragement
of Governor Chase, of the enormous sum oi
TWO HUNDRED AND FIFTY THOU
SAND DOLLARS!! This is another
charge against the immaculate Governor
Two hundred ard fifty Thousand dollars -
. Reader, write that down in your mcmoran
@ dunn book.
7 But this is not AL From the New YorI
:. Herald, Of st week, we learn that 500 OK
Of Ohio bonds were sold at auction at price
,e ayerOgirg nintty.threc cents on the dollar
p. To what miserable state his cur crcdi
,e fallen! Ire is a decrease Of twenty pc
cent. since Chase entered upon the duties {
his office as Governor. a total loss Of $50,
600! Pat down $4,000 more as u chs'g
against him.
Another brief ccmTutation will show th
~. whole loss occasioned to the State, by til
Sc Gpprcc;tion of Clio bonds. The Gmoll
he cf these bonds is estimated at sume,hiG
n over $4,000 coo. Putting them ut th
ly figure, the actual value two years ago, Whe
ne the D, mocrats were in powc", (bejpg wort
at. ST. l3 on the doIar,l would be $500 COT
Their actual value a07o,. under Il Rcpubicp
e5. administration, (being worth So ceuts on t.
he dolIar,) would be cnly &l3 020.000. He,
us, is depreciation in the value oi Ohio bone
%. and consequent loss to the State of TWl
nd MILLION EIGHT HUNDRED THOU
&C. SAND DOLLARS.
en- Again. There is law wYp9n the st tn
book, which requires that wheneycr ii
he moneys of the treasury are loaned to be4I
he or brokers', that the Treasurer OF State sha
AT require bonds as security for the payne 1T
~ the same. 1t vas made the EMp IRAWIN
IN DUTY Of the Governor to examine all sut
- securities and approve tie same, or if the :
te' curly is Inst ficicnt, TO direct tie Attoruc
'a' General to proceed and collect the none
n SO loaned. In this he Waltony failed
ne perform his duty. According to the Il pG
IS OF the Republican Finance Committee, $3C
ne 900 had been loaned to the firm OF KiH.b,
& Chanbcrlin, Of Cleveland, without ii
proper security. The amount was not pa
'ie when it fell due to tie State, and the Sta
70. is compelled to sustain the loss thus occ
N. stoned. Put this down to tie charge Of Gu
Chase.
n According to the further Report of Il
20 same committee, the firm OF Bartlett
- Smith, Of Columbus, has received, in Il
N. same manner, the sum Of $l7l COO. II,
gave bond fer only $50 Geo, and even tn
ID. bond 1yas ntvcr anproced. The ccmmttt
sn intimate that sad BagtIett'& Smith hu'
of been engaged in uj1dicious enterprises, u,
TO that the foregoing amount, like taat " hi
was deposited with the City Bank of Cinci
tic matt, will be faj.are. One thing is certai
Jus 1t is not in the treasury where it ought to
zen md probably never will be again, No ,,
,de has been commenced to recover it aAd not
ub ing has been done. Charge $l7LO00
ia. Gov. Chase.
md The Seneca County Bonk received S.
A. 600 from the treasury. Its bond was neV
u!d approved. The condition Of that est;
sig- ishment ID row widely known. We N
safely count this as another loss-proba'
.av. total.
fol. Tomb, Huss g. Co. borrowed $40 600 q
GleI their bond. which was never aPprov
tae, We have given items enough for the pr
Jm ent. The conclusion is ipevitable. &
Chase hes net done his duty. The tc