The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1857-09-23

which draft ihis shall be your wa frsnt.
fSignee) WMs D. MORGAN.
,sT4Ts zeActig Commissioner.
=, WM. TREKITT.
Secretary of State.
.ara1G EO. W. McC00K,
.aa Attorney General
In pursuance Of the above r. quisition.
I hereby issue this my drafssea the
Treasurer Of the State of Ohio, for the
sum Of four ha1ndfed. and tssyk9f three
Htousand three hundred and eighty
III ee collars forty: jozr ceutS, ayabie
to John c. Breslin, Special Aesht OF
the Commissioners of the Sinking Fund,
for the purpose set forthin saidsrequisi-
tion. .WMs d. MORGAN,
S433. 3s3 A {90 s. !. Auditor.
AS stated in their last previous re-
port, the Commissioners have, from time
to time, adopted proceedings in all re-
spccts similar in tenor and purpose with
the above for tie procurenent of the
exchange required for the payment Of
all interest falling due on the foreign
public dett since that which was dis
charged in July, 1852 8 The adoption
of these ordera has, for the time being eff.
fectually protected therState against the
unjust practice of granting to banks TIE
use of the public money, and yet With
holding from it any share of the resulting
advantages. 75s As11i 81
Extract from the sixth semi: Annual Eehort ol
oe, the ce@@issoasgs s Of ne sissRg Fund
u Columbus Ohio, Nov. 81 lss5-y5
Hon. j Ohm G. aBREsEIN,
1851 Es#st Rs1 ~ Treasurer. Of iSsafe. I
O. Dear SIR: We area Informed by tho
Actiag Commissioner that you commu,
nicated to him your intention to charge
the State exchange for converting tho
amount of our draft to meet the INTEREST
on the public debt payable on the LIST Of
January into funds which are par i'd
the city of New York. ;4,.,si.;
We do not know to what cxtenk
departure in the phraseology Of
the draft itself from the form herel
tofore adopted may have contributed ID
this resolution on your part. A recent
event TO aoliic5b 1t as unnecessary thar i0S
should further ailude, has constrained
US to this change, but We cannot consent
that you should believe from the, fprn
of expression adopted, that we should
recognize your right to make any chsfgs
for transmitting the funds; nor are No
willing that the claim to charge the pre-:
MUM of.exchange made by you, should
rest with merely verbal disclaimer OF
the Acting Commissioner of Jour right
SO to do.q8 gsl sszs 80 eEsi
We are satisfied that you can stranb:
nit the funds of the State, ac]Iick hare
been an gtour custody since February
last, to New York without any charge to
the State; and further, that we can now
do SO ourselves without any charge, OF
at least very incousiderabie one. siss
And we now propose thatfof the draft
already drawn to meet4the interest, and
for any others which in the present state
of the stock market We may feel it our
duty to draw to purchase the principal
of the public debt, We will accept at tie
Treasury the circulating notes of the
branches of the State Bank of Ohio, or
of the specie paying independent or free
banks, SO called, or both, if furnished I'd
US within the ten days next ensuing
Or, as doubts have been expressed By
you of your authority to pay to any per-
son but the Agent of the Commissioners;
we will send for him on any day which
you may appoint, within the period nam:
ed, that he may be here to receive) the
notes of the, banks indicated, at the
Treasury of the State, for, the purpose
of conferting them into funds which cah
be used in New York in discharge of the
of the State. .saa aGs tfatt
8 In making this propositions, nothing
could be further from our intention than
a d design to inbarrass you, or to contrib
ute in the least degree to the present IN
fortunate arrangement of monetary af-
fairs, and we would have relied upon
your former practice of furnishing, on
our previous acquisitions, exchange upon
New York without charge, if you. had
not in this instance intimated your H.
tention to depart from that prac.fce.d
And we would be glad to be rslieyedfrott
the trouble which the acceptance of our
would now impose upon us;
f you would give the assurance that the
Funds should be in New York, to- meet
he .requisition. without charge to. the
State 1-a'- = 80 '.'4sn
Your reply to this communicating is
lesired during this day or to-morro&;
IS one of the Commissioners wililsbs
necessarily absent after the twenty,sec-
nd. =
1--WE are, very respectfully, &c,.
Signed GEO. w. McCOOK,S.s
sl5al a-5a gs4 Attorney General.
d WM. TREVITT, esd
- -. Secretary of State:
asas WM. b. M0RGAN,saa
gs1as sA ; Acting Commissioner.