The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1859-04-01

"
The day Of payment, and to prevent
any fears Of embarrassment In re-
lation to Il, you shouId make your
acquisitions upon the Treasures some
months in advance OF the time the
interest becomes due, payable pre-
seutdtion.
lshouId then opeu On account With
the Treasurer Of 6tsss, charging him
with the amount of the requisitiou,
and cFsditing him with such remit
tances 10 he might make on account
of it. A. P. EpoEsroE,
| Zhonyev Agsnt.
Next, we find a letter from Attor.
lney General McCook, which shows
that all the state officers knew that
Breslin had failed to meet . DRAFT for
$50, 900; expressing fears that al
though he had half q million nomi-
nslly in the treasury, he could not
meet the January interest, and con-
senting that the sinking fund should
be diverted to make up his deialca-
ton.
MCooK To AUDITOR MORGAN.
SrEvBENvrLLE, Dec. 6, 1854.
without signature. except mon.
ogram-indorsed in Morgsn's hand
writing as from George W. M'Cook,
Attorney Generally
Dear Sir: Il have letter this
morning from DR.. T. (Trevittl in
New York, which gives rise again to
suspicioHs aav: ': sxprssssd xp,ys sa to you,
but which were well nigh disthled
when left Columbus.
He says, although | trust you have
already seen him, that so tar as he
knows, B. (Breslin) has not a dollar
in New York. I. has of course seen
E (Edgerton,) and according to for.
mer custom, the latter would know
whether any funds were there. He
says also, that fears are entertained
on the street, that Ohio will not
meet her interest. These apprehen-
sions, we may suppose, have arisen
from the failure Of B. to provide for
his $50 900 draft, and that there is
no other reasons for the fear. We
of course can judge as we'll as they
can.
Now, am, as you know, ready to
do anything to sustain the credit Of
the state, and | think we would be
criminal to neglect any precautions.
| am willing also to defer my own
Opinions expressed in my letter from
here as TO the immediate investment
of the proceeds Of the United States
bonds surrendered at the present
low rates Of our stocks, If you and
DR.. L. are Of opinion there is danger
as to B.'s providing the interest. II
you come to the conclusion the mo-
;; ney ought to lay in the sub treasury
until We wish IL, as am unwilling
to trust the integrity Of the New
: York bankers, when | distrust the
integrity Of sworn officer of the
D state.
On the other hand, il there is no
neU reason for distrust at Columbus,
am willing to take the position
=, with you. We are TO presume that
! every officer will discharge his s,oorn
: duty, and that b., having a hay
million Of public money, will dis.
pose OF it as the law requires"
Again, December 6, E lgertoD, in
= acknowledging the receipt of Uni
ted States treasury warrant for S2S,.
2sS 81, which was q part OF the
: amount Morgan proposed to use in
his letter to Atkinson, suggests that
!, no further investments be made in
securities for the sinking fund, 20
that the funds may be used to cover
l5reslin's anticipated deficit in the
) January interest.
EDGERToN TO MORGAN.
J.. ONO TRANSFER OFFICE,
New YORK, Dec. Q, 1854.
t Hon. W. d. Morgan, Acting Com.
e missioner:-I do not know, but hsv-
n ing some doubts of the ability Of tho
n Treasurer to place in my hands the
1 January interest, you would sus.
II pend further investments until you
n received assurance upon the subject;
l. but as you have given no directions
z in regard to it, I shall continue to
u invest as formerly.
II A. r. EDoERrnN.
O 2Tanysr .Agent.
y To this Morgan replied as follows;
MORGAN TO EDaERroN. ,
OrrIoE OF COMMISSIONERS OF
SINKING FUND, CoLuaBus, O.,
December 8, ls54.)
: Hon. A. p. Elgerton, Ohio Trans.
n fer Agent, New York-Dear Sir
J. interview with the Treasurer, | fail.
T. ed to draw from him anything which
: was calculated to shed light on the
C condition Of his funds or the nature
Of his reputed difficulties. .
! deem it prudent to keep ourselves
n in as good position for meeting dis-
: appointment as may be in our power,
' and, to the end, will defer the can
collation. Of the bonds ($99. .00O) re.
a Gently held by the Canal Bank, tha,
e they may be hypothecated in case il
e becomes necessary to make provis.
l. ion Tor any deficiency on the pant o
II the Treasurer. l will also reserve
N ior the same purpose the three Uni
D. ted States treasury warrants 1881,
of 000) still in my possession.
N l will be glad to hear that you
have purchased, by the 18th instant
9. bonds to the full amount OF the