The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1858-07-15
Bonds and State Interest,"
Another LOcOfocO Hobby Gone.

The Locofoco press of this State
from sheer malice, have been telling the
people for some months past, that the
recent loan procured by the State
Treasurer, to take up bonds issued
some years ago by the Locofoco party,
was taken by the Macomb Co. Bank,
and paid in its notes, which were in the
State Treasury, and consequently loss
to the State, amounting to $4,000.
Of course they knew these were down.
right malicious falsehoods, as they
knew the loan was not due until the
3Oth ult., and then to be paid in New
York. Well, perhaps they have served
their purpose-at least they Gratifed
their malignity-but the sequel exposes
their dishonesty, because on Wednes-
day last, Messrs. Hazleton g. Co., ac-
cording to the terms and conditions of
the advertisement for the loan, depos-
tied the amount in the Bank of North
America in the city of New York, and
our worthy State Treasurer, being in
New York, we find the following adj
vertisement in the Times of July l.:
MICHIGAN STATE BONDS.-The Bonds of the
State of Michigan, maturing and payable on the
first Monday of July, 1853, known as the Univer-
sty State Bonds, and Detroit and Pontiac Railroad
State Bonds, will be paid by the undersigned on
Saturday, the Sd instant, at the Bank Of North
America. s. NJ. HOLMES,
Treasurer of the State of Michigan.
Thus ends all the gasconde of the
malicious Locofoco editors in the State,
on this subject. The bonds were paid
two days before they were due. We
would suggest that the bonds be bro't
home and placed on exhibition at the
Free Press Office, or some other head
quarters of Locofocoism, as the fossil
remains of Locofoco disinterestedness,
as $97 900 were issued to Sherman,
Stevens q Co., in some peculiar Loco
foco financial transaction the party
managers had with them, for the bene-
fit of the Detroit and Pontiac Railroad
Company.
But the taking up of these bonds
when they came due, and preserving
the credit of the State, against the con-
sequences of former Locofoco extrava-
gance and corruption, is not all the Re-
publican administration are doing. We
find the following advertisement in the
Times also:
MICHIGAN STATE INTERESTING Coupons
of the Bonds of the State of Michigan, due on the
1st of July, will be paid presentation to the un
S. NJ. HOLMES.
Treasurer of the State of Michigan.
1t will be seen that our interest on
former Locofoce Extravaganza, is also
provided tor, and promptly paid. The
promptHess with which these things are
met and liquidated in these hard times,
is severe blow to the Locofoco howl
ers-it strips them of precious capital
which they were counting on for the
approaching campaign, and with this
view they have lost no possible oppor-
tunity to embarrass the Administration
and cry down the credit of the State,
by telling countless falsehoods about
its financial affairs. Their game in this
respect is up, now. They even attempt
ed to alarm the people with the false
report that the school moneys was all
lost in the failure of the Macomb Bank,
while they knew there was not dollar
of its notes in the Treasury. But when
the moneys were due, they were
pfaHss a paid, yet not one of these
+ - L. -l>apost,-+ 70 ,-ctract
papers has had tne-s-sI1o.soy GO Tecset q.
their falsehoods. Again, they have
attempted to embarrass the State in
every possible way in regard to the
sale of Swamp Lands, and had their
insane ranting been listened to with
regard to the sales, they would have
rejoiced in the accomplishment of their
object.
Being now exposed and shown ur in
their bare-faced assertions, the people
begin to appreciate the true value of
Locofoco charges against the Republi-
can Administration. The exposure re-
bounds to the credit of the latter, and
greatly damages the credit of the form
er for truth and honesty. What hobby
they will next mount is more than we |
can tell, but whatever it may be, there
will be no better foundation for it than
those from which they have been SO
unmercifully and unceremoinously un-
horsed of late. They dare not re-mopnt |
the Lecompton hobby, for they we1- .
thrown from that with more broken
bones, than all the Doctors of the party |
will be able to set in fifteen wears
Detroit Adyertiser.