The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1858-01-15

recommendation OF the issue of the
General Government Of q large ad.
iition to the mass of paper curren-
cy in the form Of treasury notes, are
calculated to fustrate the hopes Of
reform which might be otherwise
reasonably entertained. While ] do
not doubt that the General Assem-.
bly, will do whatever may be within
its Constitutional power towards the
object proposed, | respectfully cub.
nit that it's whole duty will not be
performed until this matter be com.
mended to our Senators and Repre-.
sentatives in Congress by appropri.
ate resolutions.
FREE BANKING.
An act to incorporate new banks
having been twice submitted to the
people in different forms, and hav.
ing twice failed receiving the popu.
lar sanction, it may now be consid.
cred as settled that the majority OF
the electors do not desire tho further
creation of institutions of the charac
ter proposed. see no reason, in.
deed especially ifsmall notes be once
excluded from circulation, why the
business ofbanking may not bo safe.
ly left as open and free to oil who
desire to engage in it, as any other
kind of business, care being taken
that ample securities be given in
bonds of tho State or the United
States, and by the provision OF an
adequate specie fund, for the promp,
redemption of all notes in coin.-
Bank notes circulating as money are
debts due to the community at large,
payable on demand, and it is the
duty Of the State, representing the
community, to see that these debts
arc perfectly secured. Such secnri-
ties are indispensable; and respect.
fully submit to your better judgment
whether tho experiment OF the last
few years does not suggest the ex'
pediency OF requiring similar secur.
tiles, or at least OF providing etficien,
guards Of some kind, insuriDg pune
lual payment Of deposits for safe
keeping.
THE PLUNDERED TREAsURY-BREsLIN
AND GIBSON.
Tho condition OF the State Treas
ury requires prompt attention.
On the 10th OF June last, William
Ii. Gibson, the then Treasurer ol
State, disclosed to the State Auditor
the existence of deficit in the State
Treasury TO the amount, las he stated
of about 1851 900, occasioned ,as he
alleged, by the defalcation of John
q. Breslin, his immediate predeces
sor. At the earliest practicable mo-
mcnt this information was conmuni-
Gated to me.
prIJntrabis,atiuaf .J bag Jva. qofar.
successor the whole amount Of pub,
lie money which had como to his
hands, except the sums reported BY
him as deposited with failed Banks
and Bankers, or retained by him un
der claims Of exchange. The repeat
ed declarations of Mr.. Gibson to thi'
effect, in varied forms and on fire.
quent occasions, confirmed by the re-
ports Of the several Legislative com
mittecs charged with the examina
of the Treasury, and by the report o
the Auditor, after performance OF thu
same duty, seemed to leave no ques
ton on this point.
The allegation OF the Treasurer
now made to the contrary, thoug'
supported by strongly corrobatini
circumstances, did not appear to m
to be entitled to much consideration
unless confirmed by thorough AM
impartial examination.
| therefore availed myself OF tn
earliest opportunity of conierenc
with him to urge his resignation, es
pressing to him my conviction the
he had placed himself, by his ow
statements, in the position OF a dc
Ifaulter, and that he was consequent
ly liable to an arrest, which would
lmy Judgment work a vacancy b
;, disability, to be filled immediatel
by the appointment of rew Trea'
urer.
Mr.. Gibson resigned. and fortl
with appointed Alfred p. Stone
Franklin county, to the vacant o
flee, who gave bonds, was qnalifie'
and entered upon his duties witho'
delay.
, 1t seems to be the opinion Of son
: persons that the Governor has SON
supervision or control over the 9TH
!. Executive Offices, and is therefore
, some measury responsible for the
y action. Such persons do not refie
= that each ofthese officers arc elect,
:, by the people, and is made by Il
. Constitution wholly independent
the Governor, in the administrati,
y of his own department, except so
as the intervention of the latter mi
!. he sanctioned by express enactmer
. % The only act providing for any J
i Intervention Of the Governor with I
!. action of tho Treasurer. previous
Mr.. Gibson's resignation, was that
:, ,,lAprii 8, 1856. That act authoriz
!, the Governor, upon request OF. I
= Auditor of State, to appoint q suit
= bio person TO aid that officer in q
I. Iamining the Treasury, and requir
;, lhim to direct tho Auditor to ma
y such an examination under certs
. circumstances. At the proper til
| directed the attention OF the Au'
TOR to this law. and he made the (