New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-01
THE OHIO DEFALCATION.

To the EIit.r Of The NJ y Tribune
SIR: In your issue of Monday, speaking of the Ohio
Treasury defalcaton you were led into some errors by
other papers. The amount will be $3.50 600, instead Of
81 O4I OSs OF this $2O4 600 was long since reported
as due from banks $4,000 Of which was secured by
Mr. Gibson; and upon the balance, which has been in
the hands of the Attorney General more than year,
about 800, 600 will be realized.
Bre,lins liabilities to the State when Gibson took
Office were 81 $50 O0O of which $35OOO was paid and
,eceipted for by Gibson. The amount " receipted by
Gibson as paid over to bin by Breslin' is $4,000
and not 1886, lOl," as stated in The TRIBUNE.
All that Gibson receipted for he has fully accounted
for, as all admit Bresn paid all that the accounts
showed against him. But unwise law Of 1916 gave
him full power to call upon County Treasurers for ad-
yances of which neither the Auditor nor Treasurer
kept any account. In this way Breslin received
$76O 900 during the last month of his term, and for it
the County Treasurer held the obligations of the State,
in the form of receipts given by BTesin These were
all redeemed by Gibson who has never been credited
with the amount and to meet which Breslin paid Glib
son but about $2l9, 0OO
Of Breslins Liabilities 1000 was on account o
funds belonging to the Canal Bank. The balance
against Bresln is determined by these receipts which
Gibson was legally bound to receive, and which he
now holds as vouchers for payments actually made tor
the State For them Gibson has not been credited in
account as the law gave the Auditor no such power.
One County Treasurer settled with the State Aud
itor andsthe balance against bin was $3O,OOO With
this Gibson was charged cash by the Auditor, but
in fact he received only $4,000 $50 600 had been
advanced to Bresn.
Breslin promised to provide funds to meet these
receipts as presented, but failed to do go.
Relying upon assurances, Gibson failed to report this
deficiency as soon he should have DONE but the State
has not suffered as Bresln is better able to pay now
than before AS Bresn had failed to qualify or give
bond until ten months after his last term commenced,
the liability of his bail is doubted 1t is quite certain
that the money has been mostly Lost by Bresn in I'M
fortunate investments, made during the time no bond
was on file. Between Gibson and Bresin there is no
dispute as to the facts. Mr. Gibson has arranged his
accounts with the and independent banks,
and now invokes legal inquiry.
He expects trial in July or August, and in the
meartim he is industriouey at work to find where
ano how the money was lost by his predecessor 1t is
doubtful if either the bondsmen of Gibson or Breslin
are liable, but in any event. it is hoped the State will
ultimately lose but little Bresn owes it to himself
to exhibit his msforunes and if he lost 10 Bank Stocks,
Railroad SpeculatiOns or Indiana Free Banks, he
should 30 state 1t could make the worse, and
it would relieve Mr. Gibson (who risked all in be-
friending hilB), from all unjust imputatons. Honor
and manhood alike demand such an expose by Mr..
Bresin ONO.
Ns,o- York, June 80 1857