The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1857-06-18

Halfa Million Defalcation,--State Trea-
surer Resigned-A. p. Stone Appointed
The State. journal OF ofSaturday contains
the following startling announcement:
We are advised that w. III. Gibson has
this day resigned bis Office as Treasurer
of State. and that the Governor has ap-
pointed A. p. Stone Of this city, to fill the
vacancy.
We are authorized to state that de.
icit of FIVE HUNDRED AND FIFTY
THOUSAND DOLLARS has been found
to exist in the Treasury, which deficit is
stated by Mr.. Gibson to have existed
when he came into the office, and to have
been caused by the defalcation of the for
mer Treasurer, John g. Breslin.
The Governor has appointed William
Dennison. Jr., of this city under the act
Of last winter, to make in conjunction with
the, Auditor or one ofhis clerks, a full ex-
animation into the condition of the Treas
ury.
The July Interest, notwithstanding this
deficit, viii be paid.
The Ohio Salesman makes the same
announcement, also without explanation.
The Leader learns that the defalcation
was discovered during the temporary alb.
sence of Mr.. Gibson to Minnesota, by the
Hon. Alfred Kelley and others who had
access to the books of the Treasury Of
fee.
The Treasur Defaications--s775,0 900
Gone!
The State Journal of Monday makes
statement more in detail Of the facts in
the great defalcation case. as follows;
The interest upon the State debt, which
falls due on the first of July had to be
provided for, and the State Auditor, MIR.
Wright, had an interview on Wednesday
with Mr.. Gibson in relation to it. Then
it was that Mr.. Gibson first disclo-
sed the existence of the deficit in the
Treasury. He stated to Mr.. Wright that
when he came into Office he found Mr..
BresIin, his predecessor in the Treasury
Office, to be large defaulter. He was
induced by representations made to him
by Breslin to the effect, that if nothing
was said in regard to the default and if
time was given him, that the whole def,
cit would be made up. and the State
would not lose any thing by his operations
with the State funds.
In an evil hour Mr. Gibson agreed to
the proposition made to him by Mr.. Bres-
lin, and from that time until the present
he had been shouldering this vast load of
debt. The whole amount of deficit in the
Treasury exclusive Of the sum of two.
hundred and twenty-five thousand eight
hundred and nineteen dollars and thirty
cents, long since made public. at the
time Mr.. Gibson entered upon his duties,
was about FIVE hundred and fifty thou
sand dollars. Mr.. Gibson says that not
one dollar of the public funds has been
taken by him. or used illegally by him,
since he has been in office, and that the
entire default was the work Of Mr.. Bres-
lin. MI. as,
The Journal further says, the whole
amount Of the deficit under Mr.. Breslin's
administration is about seven hundred and
seuenty fire thousand dollarsi
<'On the same day after making the
disclosure, Mr.. Gibson left Columbus for
Tifhn, from whence he did not return till
late on Friday night. In the mean time,
and at the earliest possible moment, Mr.
Wright communicated thestat Of affairs
to the Governor. A dispatch was sent to
the Tttorney General at Cincinnati, re-
quiring his presence. and early on Satur-
day morning the Governor and Fund
Commissioners had an interview with Mr.
Gibson, the result of which was his re-
signation in the afternoon. In the mean
time the keys Of the vault had been placed
by Mr.. Gibson in the hands of the Gov
ernor, who retained them until he hand
ed them over to Col. Stone, his success
sor. The Governor did not leave the
Office on Saturday until the new Treasur-
er had given his bond and taken his oath.
He then received his commission, and
was put in possession of the Treasury"