The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-07-15


Eaas.
M The Locofoco party, in the present con
test In this State, have adopted the g stor
thief" policy, and we're it not for the con.
ssummats folly and the entirely unnecessary
rasoality Of number Of their editors, theil
candidates might have made q good run Of
II. But these editors instead Of sticking te
the programme, and yelling Justify " STOP
thief" and nothing else, have entered into u
general and special defence Of the acknowl.
edged and notorious wholesale robbery OF
the School Fund committed BY DR.. Eads.
The PIsindeoler, the Gazette, the Keo.
kuk Journal and the Des Moines Journa.
have been particularly fresh upon this SUBJ
ject; and the people will not wonder so much
that the zeal Of these papers has outrun their
discretion in view Of the fact that the former
go present proprietors Of these four Loco.
foes concerns were the recipients Of from
fifteen to twenty thousand dollars Of the
school fund at the hands Of Eads, which has
never been refunded, and large portion of
which never will be.
But these reckless panderers OF noto-
-sieus public defaulter have the brazen impu-
dsuos 10 publah that Eads is not in arrears,
and has not at al failed in the discharge Of
his duty. They ollegs, substantially, that
he Is under no obligations to settle till called
upon, and that be has never been called upon
70 square up his accounts.
Now twill DO remembered that commit
tees, majority Of whom we're Locofocos,
were appointed by the Legislature to inyes.
tigses Eads' accounts, and that these COM
mites ware unable to bring him to settle
msnt, but in view Of the facts that come to
light, reported that be had loaned the school
money withost authority Of law, andrscom-
,aopdsd the passage Of law which should
Ugpfivs him Of any prctence OF control over
the School Fund, which law was passed.
Further than that, the Legislature passed q
law providing for the appointment Of ar
6gsnt to investigate Eacs' transactions
The agent, J. NJ. Beck, was appointed, per
formed tho duty, and made report which
exhibits such state Of careless, reckless
corrupt .snd criminal conduct in the m anage'
ment Of the school funds as is without |
parallel in the annals Of the States Of THU
Union.'
IL agent, in his report, states that b.
16nnd ffty-foar notes for the aggregate sun
: Of el55, l99.99. Thir.y-eigh. Of these note
are accompanied by mortgages, eleven o
which had not been recorded, and the proper
y in many cases was deemed very made
quAte security. Quite number OF the note
were not secured BY mortgage at all, an
we're made payable TO Eads individually, an
mot in his official capacity.
The amount OF the notes executed in thi
way for money, or for property sold by him
vas 434,375. He also took his own not
for 920, 900. Then OF the notes properl
taken for the loans Of the School fun'
ei3,9ls.e7 were not secsred and are not col
lscsable. In addition to these sums Their
wss u ,2o9.s3 Of interest--not paid over.
h NIard 70 Esds' own note Tor S-V,ooo
u. Rspsrt very justly ssys:
ssThe money was held By him as an Office
az the State; with or without authority 4
Iosr-it matters NOT. lie sppropriatee 4
his own use tx, 900; calls il loan to him
-. snd hands over ~ vouchers therefor, q
r. 8 siessd By hinsslf, and occurred By mort
80 = property worth about ball tn