Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1859-04-06

But Auditor Morgan and Gov. Me-
dill did no such thing, but Morgan
and Edgerlon again racked their ingenu'
ity 10 cover up this startling fact.
MORGAN TO EDGERroN,
Enclo ing 8 U. S. Treasury warrant:
for $500 and orders TO use S54.
00O on hand for investment in Onic
| Stock. including S44 600 A>Ior Bonds.
oFytcE OF coNMssiosR OF sISxIso FuxD.l
CoLuaBrs, OHIO, JUNE Y, less.
Hon A. p. Ed, ERToN.
OHIO Trdnsier dig mt. Ne0 York
De R SIR:
My motive in placing this amount in
your hands Immediately, is to provide
against a failure Oh the parr of the Treas
urer of State TO place in New York the
tull amount of the draft for July interest.
On last evening, was waited on by Mr..
Breslin. and notified of his inability 10
meet the interest IN full by proper time.
He assured me, however, that the deficit
would not exceed, at the utmost, one
hundred thousand dollars. and that the
sum- If loaned in New York by the Com
mIssioners, should be paid in iull within
tnlrty days.
WIN D MORGAN,
Acting Commissioner of Sinking Fund.
p. S Mr.. Breslin assures me, as al
ready stated. that the deficit will, in no
contingency, exceed one hundred thous
and dollars. Should this reasonable an
ucipation prove fallscious, and there be
an actual deficit greater than the surplus
redemption fund in your hands. he
bonds purchased from Mr.. Astor $40.
0OO) might be used as an hypothecatIon
Tor additional funds.
But Edgerton sees Rock that Nor
gan does not see. or MCrgan. perhaps.
thinks it has water enough over it to get
the ship over in safety. Edgerton
writes:
EDGERToN To MORGAN.
STATE OF ONO. TRANSFER OFFIcE.l
NEw NoRK, June 30, lo55.
Hon. w. D. MORAN, ActiHg Commits
s;oner-
S1R:-Yours of the eth of June. with
the inclo ures was received this morning.
| learn
with much regret by your letter OF the
inability OF the Treasurer of State TO
place the amount necessary for the pay
ment of the interest on the Public Debt
due on the lst of July. in my hands on
that day. am fearful this embarrass
ment is not temporary.
There is standing to the
credit of the Sinking Fund Sl93 892 Is.
50 that there is already in my hands a
sufficient amount for The interest due on
the first o July. l am pleased to know
tnat the means are thus at hand, and
convinced by the presant embarrassments
of the Treasurer that there is no safety
IN tampering with a public or trust
fund.
On reflection, you will perceive that
your suggestion of raising any deficit
there might be in the interest fund by
an hypoihecation of the stocks bought OF
Mr. A tor, could not be carried out, be
eau e t.oSe stocks huve no longer any er
iStsRce The certificates are cancelled on
being Surrendered, under your instruc
tons TO that effect, and cannot be again
re issued TO any one. So with the stock
OF 1860 purchased and cancelled. it can
not IN case of an emergency. be re issued
or hypothecated, as II has no longer any
existence.
A P. EDGERTON, Tr. Agent.
So the interest in July is paid out OF
the Sinking Fund by EdgertoD, and that
caPe is doubled. On July 18Th Edgerlon
renders his account with TIE Treasurer,
and shows that of the interest so advan-
ced by him, Treasurer Breslin has made
sundry remittances, leaving. however. a
deficiency OF s97, 558 SO. July 3Ist,
Morgan wrote to EIger!on as folio VS.
The Stale Treasurer notifies me that
lie is prepared 10 make up S62. 600 OF
The de tcII." On the Bib OF August The
Treasurer, as shown by another account
rendered by Edgerlon. is behind hand
sill $50. 5.554. On Aug. 81, Morgan, as
one OF The Sta Fund Commissioners,
writes 10 Attorney General McCook,
another Commissioner, that Breslln is
still IN arrears. and says-"ThIs Is indeed
but l lear the worst is 10
come" To this McCook replies. Aug,
6.h, that he exceedingly regrets that
MIR. Breslin has not repaid the amount
DC, DC, adding-"We can,
oi course, place no reliance on the Treas
1rer oi Stale, after what has so recently
Now mark! that in election in October
Morgan ran for Auditor on
he same ticket with Breslin for Treasu-
rer, and his lips were sealed,-and so
were Edgerton $50 were MedIll's-so
were McCook 's-as TO this great theft,
and these men did all ley could to re-
elect this Treasury robber. Morgan and
Edgerton are sweet brace of worthless
TO be placed on this Investigating Com
mittee! This is carrying out. with a
the pirate creed "Set a rogue
10 catch rogue"
Does not all this prove that Morgan
and Edgerton were knowing to the great
Treasury robbery, while Bresln was
stealing the money? We cannot make
any better comments on their course
han by using their own logic as applied
10 Gibson, who, long after their knowl- |
edge of the fraud, came in as Breslin's
lccessor. Read what Morgan and Eds
yerton, in their report, say Of Gibson,