Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1857-08-27

Dr..
To amount received from Breslin 94,786 30
To amount deposited by Receiver to
i;osoT Ra5 r. BaUk $4,000 90
l22,7S6 35
1856.
CIR.
By notes redeemed and burn
o1 36.I8S 90
Rv dividends paid 1929 4s
May 8. Amount to o. S.
journal for advertising 36O
Nav IS. Amount to ii. A.
Spayth, salary % 90
| AuG l3' 5OOO
Nov. l3. Amount to Cleye-
land Leader for advertise
ing Zooo
Nov. Is. Amount 10 H. A.,
Spayth, salary 5ooV
Dec. 10 Amount to Ohio
Statesman for ADVERTISE
: ing zooo
Dec. l Amount to o. S.
Journal for advertising 4 oo
1857.
ASsSn sonrtb ~ salary salary. 66 68
* 5000
r June IA. Amount TO Ohio
: Statesman for advertise
y ing Al % o. 10
n p.l0noo O6,997 81
0 IN ,bs hooks Of the Office Mr. Gibson has cred
= tied himself with the payment of 97,65 to the
5 Clerk of the Department, for salary previous to
9 December, 1866. There is however, no voocn-
er for the credit on file, nor any other evidence
Of bis having paid it. We have therefore omitted
# in our statement of the account.
SENECA COUNTY BANK BONDS.
The accounts Of the office show that there snou'o
as have been stocks to the amount of S209,64S.I4
belonging to the Seneca County Bank in tn'
70 hands Of the Treasurer As may be seen iron
10 the FOREGOING statement, &l3212s,l4 were mis-
~ SING. On inquiry into the cause of the aOsenc
cd Of this amount, we were informed, by clerk
e' the Office, that this amount Of bonds had bee
s sent to New York at the request of the bank tc
. the purpose of being converted into stocks OF
NJ. different date.
Ut Tbouob there is nothing in the banking law
= 1845 authorizing any such transaction yet we ma
No roason to doubt the fairness Of it until suos'
=, ouant examination showed very different state
for acts.
oOo hundred thousand dollars Of these bono
,th had b.en sent to New York, accompanied with
nd mower of attorney from Mr.. Gibson, authorzln
le. their sale and transfer They bad been sold an
passed into the hands of Messrs Atwood = C'
"a. and Mr. Gibson, as Treasurer of State bad draw
in On them for SIS, 500 Of the proceeds of the sa
to meet the liabilities of the State. This su
ia thew "a. & co., claimed as an offset, ion dema
7o8 being made for the stocks, but were willing
. account for the balance.
47o After suit had been commenced, restrain
.,s them from making any further use oil the P
80 ceeds, upon advice of counsel, it was deemed
10 adjust their claims. release the bonds, and Pl'
mo them to the credit of the bank.
: This was done through the Ohio Life lnsura'
~ and Trust Company, they holding bonds suliicl
'H' to indemnify them for the amount advanced.
AT the same time and forming part OF the
'u'" raugement, Mr.. Gibson placed in the hands OF
Ou' Ludlow. cashier, s64,oOO drafts, falling due
''u' the city Of New York, which were deemed su
eient to meet the amount paid to relieve the bon
'A"A Forty.two thousand dollars Of the bonds b
a'o bean returned to the Treasury, and the baIa
will be returned as fast as the securities mat
cum and are paid
of the residue of the bonds, we can give
satisfactory account.
l ii A. soon as the arrangement was known to
hank $40 1000 Of its circulation was returned
the treasury, thus reducing it to the amount oil
cu,ities held by the State for its rsdsmtlOn'
THE pEFALcArIoN AND ITS AMOUNT
A comparison of the money and assets 70
in the Treasury With the books Of the office, 81
large deficit in the public funds.