Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-09-09

OF State relative to the receipt, safe keep
ing and disbursement of the public mon
eys and accounting therefor, and in ac
cordance with the special provisions o
the 18th section of said act.''
1t is clear that there has been no lack
of vigilance in guarding the Treasury
The number of examinations during the
year was unusually large. The ability
and experience devoted to them were
much greater than this kind of service
and the compensation for it generally
command.
1t is generally clear that each and all
of these investigations failed 10 expose
any serious official misconduct on the
part of the Treasurer, or any defalcalion
in the funds of the State. AT the two
last examinations the sums reported were
found 10 be on hand or satisfactorily ac-
counted for, money, drafts or other evil
dences of debt were exhibited correspond
ing in amount with the balance shown
by the books of the Auditor and Treas
urer. The Joint Committee and the
Auditor each counted the money and
certificates of deposit.
The manner in which the examinations
were conducted, the time devoted to one
of them, and the character and standing
of the gentlemen engaged in all of them
were such as to inspire confidence, and
topreclude the suspicion of wrong. No
one not participant in the fraud, had
a right to question the facts set forth in
the reports of these several inyestiga-
lions.
We have no hesitation in saying that
the examiners were deceived, as to the
true condition of the Treasury. The
manner in which they were deceived,
and the means by which the Treasurer
was enabled successfully 10 impose the
deception upon them, we will consider
and explain hereafter.
The reports of the Joint Committee and
Auditor of State were made after the pas
sage of the act of 1856, which requires
but single examination between the 1st
of September and the 1st of November
in each year. The supplemental act of
March 3oth, 1857. required quarterly
examinations by the Auditor, and some
one appointed by the Governor.
The present report is made in pursu-
ance of the last named act.
CONDITION OF THE TREASURY JUNE 15TH
1857.
The undersigned, together with VIM.
Denison, Jr., Esq, were present at the
opening of the vault of the Treasury
by A. P. Stone. the present Treasurer,
on the 18th of June, and assisted in the
counting of the funds, drafts, and other
evidences of debt due the State.
The following statement exhibits all
the moneys and assets found in the
Treasury at that date, which passed in
to the hands of the present State Treas
urer.
DEPosIToRIES.
The following statement exhibits the
condition of the accounts with the de-
positories of the public funds.
sUNDRY DEPosIToRIEs WITH W. H. GIBSON.
TREASURER OF STATE:
June I3. O. L. I. & Trust Co. Lal. sG,9Ss CO
- Piqua Branch Bank, 400
eb- 4. Tomb, IIuss & Co. s1,707s5
June l3, I,OI7I Il
si,7U7e3 ss.444 90
Ii will be observed that the late Treas
urer had oyerdrawn his account with all
his repositories except with Tomb, Huss
& Co. The balance in the hands of this
firm has been paid to the present Treas
urer of State since the commencement
Of their investigation.
INDEPENDENT BANKS.
The following statement exhibits the
amount of bonds belonging to the In
dependent Banks found in the vault Of
he treasury on the 5th of June, and al
80 the amount of the circulation of each
bank.
FRANKLIN BANK, EVANSVILLE.
Amount of bonds. $1,000 90
..-....-.-....-.-.-...-. s3,g97 90
Bonds over Circulation. sIG,OG3Oo
CITY BANK CLEVELAND.
AMOUNT OF bonds. lIq. 200 col
-..-.----....--....... 1869 90
Bonds over ireuIation.....-.-......... sIOO
sAEDUsKY CITY RANK.
mount Of S5O.0G0 90
5O,OIl 90
Circulation bonds SLIGO
BANK CINCINNATI.
AmOunt oil bonds. SIT, 600 90
circulation 49.96l 90
Bonds over circulation s590o
NAHoSISG uOuSTY BANK.
mount OF bonds. S97 800 co
Circulation 97,7I5 90
WESTERN RESERVE BANK.
mount OF honds ,s4s 81
'trcuatiOI- lSO6s1 90
--
Bonds over circulation SI77S4
GEAUGA-
onds deposited. $50 I40 90
l50, 0,I44O0
Circulation over bonds. 500
CITY BANK OF coLuABrs-
onds deposited. ..................... s7s OCO 90
........................ 1000 90
COMMERCIAL BANK CINcIEEATI.
onds deposited. s5,OOO 90
REGULATION (supposed). 5,36I 90
Circulation over bonds ..............-. S36I 90
DAYTON BANK.
onds deposited. S44ne0O0
irculat0n. ...................--.. $3.50 90
Circulation over bonds. 50 596 %