The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1857-07-02

were sold in one year after for only l034i-'
Why are bonds like these issued in 1856 pay
able In 1876 and more valuable by reason OF
the length of time they have to run; and
worth at the rates Of 1855 at least Il5-why
are they SOLD in big bunch, soon after, for
only IO3k. have understood that these
same newly issued bonds were soon after
resold at an advance of nine cents. II true,
here was handsome speculation of two
hundred and thirteen thousand six hundred
dollars for some one? Who got the peoples
money? This needs explanation.
Mr.. Buscom, interrupting; "How do you
know that they were sold at an advance OF
nine cents!" .
j Mr.. Cox. Rumor says 50. And if one
year before less valuable bonds were worth
4l2, it looks as if rumor had it about right
} This may all be satisfactorily explained. 1t
is Cue to the people that in it should be.
/ make no charges against the officers Of
malIeasance. They should be glad of an
opportunity 10 explain. 1t is due to them.
selves and to the public.
WHO is To BLAME,
have endeavored to look at these matters
from no partzln stand point. have read
the records; have run the p!oughshare
through, let it cut where it might. have
condemned the laxty Of the Democratic
Legislature of 1853 and 1851, for not pas.
sing more strigent laws OF accountability
have commended the position of the De-
mocratic Auditor, in urging euch action.
have commended the action OF the Repub.
can Legislature of 1856, for passing such
law. now ask your attention to that law,
and its requirements. Gibson took his Office
in January, 1856. In April, 1856, the law
was passed. 1t made it the daty of the Au.
ditor and Governor to make INSPECTION, rigid
| and strict, into the Treasury. They were to
see that the money was actually In the
f Treasury vault. Ifnot there, where it was.
, II in any other depository, to examine the Sc
curities. II they were bad or insufficient,
t. they had power to bring the money into the
Treasury, if it were possible. A most strin.
gent law! If executed-there was every
resson to believe this crash would not have
, come. Let me call your attention to some
of its provisions: / -" ,.,, ~ 4.
: Sec. l3. The auditor shall, alone, o. in
conjunction with such persons as the Cover.
!, nor shall appoint for that purpose, between
5 the first day oil September, and the frstduy
r of November in eaclryear end ct such otLe'
: lime or times as he shall deem necessary
r carefully examine the book accounts, vouch
ers, official spondence, correspondence
!, certificates of deposit, and documents in the
n office ofthe Treasurer, relatingt to the receipt
n disbursement, deposit or custody of the mon
eys Of the State, or any other part thereof, anG
e shall carefully count all The moneys remaining
9 in the Treasury, and also ascertain the sums
: or balances actually due the State on &C
9 count of moneys deposited or kept else
3 where than in the Treasury office at Colum
! bus, and the responsibility of the depostor
| les thereof" n..u....s ..
, Was this done? Ifi. has been done, with
3 what result! Al any tims, the Auditor has
f power to go into the Treasury and count the
f. money, and examine the securities. WHO
D can tell us if it has been done7
), SEC. Il. To enable the auditor 10 maze
: the examinations required BY this act, the
y treasurer shall, on the densnd of the auditor
t submit to his full restricted examination, al
/, the books, accounts, vouchers. certificates o
= deposit, and all other evidences of money
: deposited to The credit or subject to the draf
n oil the treasurer, and all the official cores
If pondence in their Office or possession, OF
J. subject to their control, and the treasurer
5 shall, moreover, on oath to be administered
4 by the auditor, make fill true and expici
). answers in writing, 10 all questions put tt
: him by the auditor or by his direction, touch
d The receipt or payment and touching the de
9 post of moneys belonging to the State. Ant
/ the Auditor may examine or cause to be ex
Il amined on oath, any or all book keepers an
}. clerks in the treasurer's office and deposita
= ries of moneys belonging to the State, al
e the clerks, book keepers, and agsrts tou ch
:. ing the payment of moneys into and out o
t. the treasury, or of moneys remaining thereil
E, or touching the deposit of moneys belong
ir ing 10 the state, elsewhere than in the stat
e treasury at Columbus, 4, H.. !:
lie SEC. Is. 1t shall be the duty of the Gov
it ernor, whenever requested by the auditor, t.
he appoint some competent and suitable persol
to assist him in making any such examination
r. and to direct any such examination to b
8, made by the auditor, with the assistance o
;. some competent and suitable person, to b
c. appointed by him for that purpose, when
!. ever he shall deem such examination necess
10 ary to secure the safety Of the moneys ofth
Ie state, or the correct and syete matte name
,. of accounting for the same.
Has the examination here required o.
oath been made! Is il in wrtings Messr
!. Auditor and Governor! Have you been re
h miss in tAis great trust! If you have, yo
e are, condemned, and how great is your con
8 deynnation!
}. At any time from the 9Th Of April. unit
10 now, these executive officers, as often as the