Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1859-04-06
demption, as received this morning.

w bht 10 tue uiluCuia( WIN 'HC A'CaS
ury Are the funds locked mp in Obi
or Indiana suspended banks, or what
the matter? | see il stated that drai
for S30.OO0 had been protested. but un
dersIsnd that grew out OF the bank iron
whom the xchange was purchased hav
ing tailed 10 provide the means at Ne'
Yo,k To meet il Alter ali. | ear III
loudly boasied saving OF exchange" b,
Mr.. Breelin. and which was rung in GU
esrs so often during the last wo winters
will prove losing peration in the end
| perceive the Stnteenaan is out in iavor o
an "lnd.p-udeut Treasury" All wei
enough, as have be rd you say; doubt
less, when we get Wing Treasurer O
State, there will be good many DINO
Gratis who will be in favor of that same
but who, under "present circumstances.
could see mo necessity for any change
You may RENE ber. after failing 10 ge
any acti in the House upon the Treas
ury bill, we suck on the appropriation
i'll in the Senate a section covering the
entire ground as TO luaning OF depositing
any of The monies in Treasury u
the House, in their wisdom. (gcverned
bv Messrs. Gest and McKeuzir) struck i
out, and adhered TO it. and al The las
moment were compelled to surrender, oil
adjourn without making any appropria.
ticns. Then the Statesman Tor rather
Mr.. E. s Cox) could isud the Finance
Committee of the House, and declare
that the odious section was only intended
as "personsl h ng at the Treasurer OF
Staie" Had that section been adopted,
$4,000 OF the States money appropri
ated for the new Luuatic Asylum would
not have found its way into the Canal
Bank of Cleveland, and an indefinite
amount scattered over the State. and per-
baps eome of it out of If. making it ne
cessary for the Sinking Fund Commls
sioners to convert the U S stecks into
money, out OF abundant prudence to pro-
vide against contingencies growing cut OF
'an embarrassment which has overtaken
the Treasury" whereby there may be
doubts of its ability to pay | alf million
of interest when there ought to be at
least million of money in il
r BERT J. ATKISON.
Then comes a letter from Transfer
Agent Edgerton, showing that he knew
there was trouble in the Treasury, al
lhough it had Just been reported to have
a fund in it of almost 100000, and that
he knew draft tor $50. 900 had not been
paid. This is The letter;
EDGERToN TO MORGAN.
STATE Of Ono TRANSFER OFFICE.
NEw YORK. D.c IA. lS54
Hon W d. Morgan. Acting Com &c:
Dear SIR. de. m 1t nv duty to ad
wise you that have SOM fears of the
ability of the Treasurer of State 10 plac-
the funds required for the payment OF
the ,nuary interest on the Foreign pub
llc debt pay able in this city. ID my hands
before the 1st proximo !" L I'm not ad
vi>ed of the precise form of your draft
upon him for that purpose. whether
paw able on presentation ur on the first OF
Jauuarv n X. II pay bic on prrsenta
tion. | have a right to inquire into the
probabilities cf its payment; but it pay
able on the 1st of January, neither the
Commissioners or myself have any right
To make inquiries or examination on the
subject, for the Treasurer has until that
day to meet it, and neither of US has any
legal right TO question his ability.
La the usual course of business. the
Treasurer should remit funds to me in
of the draft and the day of
payment. but up TO this day he has not
remitIed one dollar toward the interest,
neither has he any funds heIe 10 meet the
draft of $50, 900 drawn on the 29;h ult.
for investment as Sinking Fund 1t may
perhaps be unjust toward the Treasurer
to suspect his ability to meet these drafts
in time 10 save the credit OF the State,
but under the present embarrassed and
exceedingly stringent condition of none
tary affairs, it may be prudent fer The
to have The means in
their power TO meet the interest. | am
aware that you have already taken cps
to avert such blow TO the credit Of The
State. by disposing of the United States
Stocks. and | trust you will take such
further steps as will, beyond any cOntin
gency. place the necessary funds in my
hands, in case OF any default on the part
d; the Treasurer. think that hereafter,
10 enable the Conn issioners TO know
positively the condition OF the interest
account, previous 10 the day of pay ment,
and to prevent any fears or embarrass
nents in relation to it. you 81 ould make
your requi,itio upon the Treasurer
some months in advance of the lime the
interest becomes due, payable on preSen
alton.
l should then open an account with
he Treasurer of State, charging him
with the amount of the requlsilIon, and
HIM with such remittances as
be might make on account of It.
A. P. EDGERTON,
Transfer Agent.
Now, comes letter from Attorney
Irneral Nc Cook, showing that the legal
.dviser of the State knew there was a
lole in the Treasury bag. and that a
lrsft for $50, 900 had not been paid
ATTORNEY GENERAL M'oooK TO AUDITOR
MORGAN.
STEUBENvILLE, Dec. 6, 1854.
"Dear Sir Il have letter this NOR
hing from DIR. T. (Trevitt) in New York,
which gives rise again to suspicious ]
nave expressed to you, but which were
well nigh dispelled when left CoIum
Jus.
He says, although 1 trust you have
already seen him, that so far as he knows,
B. (Breslin) has not dollar in new
York L. has Of course seen E. (E1ger.
on, and according to former custom,
he latter would know whether any funds
we're there. He says also. that fears are
on the street, that Ohio will