The Highland weekly news. [volume] (Hillsborough [Hillsboro], Highland County, Ohio) 1853-1886, 1859-03-24

AaNftAaAa "A A|fANaaf ~ 10
To Exchange Bank, Columbus, Ohio.
IF any law Of the State Of Ohio au-
thorizod "John G. Breslin, Treasurer
Of the State of Ohio" to loan these
gentlemen sixty-dve thousand dollars,
for two years, without interest, and keep
the transaction concealed from the pub
Tic, the attention Of the Commissioners
has never been called to It.
He EMBARKs IN RAILROAD sPECULA.
TIoNs.
One Of the losses resulting to tho
State through the misconduct of Mr..
Broslin was by a renewal Of the loan to
the Akron branch Railroad. The cir
cumstanees Of Mr.. Broslin's renewal Of
this loan, and his illegal concealment
Of the fact, through an arrangement
with the officers of the Company, are all
ready well known The amount Of the
principal lost to the State BY the opera
tion is about S28,549 89.
A heavy loss TO the State also result
ed from his operations with the Sandus-
| ky, Mansfield aud Newark Railroad
| Company, with the details of which tho
public are familiar $4,000 Of the bonds
Of this road have been Transferred by
Mr.. Breslin to the State and are now
in the possession Of the Attorney Cen
eral
The State sustained another loss by
an individual loan Of $4,000 to John
G. Camp. This man, like Bowen, Sher-
man and Renzer, seems TO have possess
ed the entire confidence of Brcslin, and
was enabled TO obtain from him money
for railroads, for banks, and for him
self.
Camps note, although in fact paid by
the transfer Of the real estate by yirtuo
of his agreement with Breslin, is now
| held by Breslin, with 24O shares Of tho
stock of the Sandusky, Mansfield and
Newark Railroad subject to the order
Of the Attorney General.
The Commissioners connect judge
Bowen, Columbus DeIauo, Charles T.
Sherman, r. D. Durfeo and William
Sturges, with Breslin in the illegal use
Of the public money in securing inter.
est upon State deposits, trading in Bank
stock, and in asssociating for the estab-
| lishi ing Of the following banks: Central
Bank, indianapolis, and auxilaries,
Wabash River and Delaware County
Banks. Large sums of public money
were used in these operations.
The connection Of Mr.. Brcslin with
the City Bank of Cincinnati, though
depositing in it the public money, etc.
caused losses to the State directly and
| Indirectly, Of hundred thousand dol
lars; and the Committee "here failed to
discover any means by which tho State
is to be paid its loss"
RESULT OF HIS CONNECTION WITH w.
W. CONES & CO., OF CINCINNATI
Mr.. Breslin's connection with this
| firm, resulted IN loss to the State Of
S47,767 80. Beyond a question, tho
/ influences which secured a deposit with
this Company were of political charac-
| ter. Cones bad been one of those ward
politicians VIC have referred to, and had
made himself useful to certain interests,
and must in some form have his reward.
Having been a friend and supporter
Of Henry p. Bowman, as a candidate
for Treasurer of Hamilton county, he
expected to receive portion Of his dcpos-
/ its, and did so, although not to the cx-
tent desired. The deposit by Bowman
in l854-5, through which the loss to the
State was really occasioned, was in pur-
suance of an express agreement with
him and Cones, and without any au-
Ithority or agreement from Breshn that
such deposits were to be taken by him,
or that he was TO assume any responsi-
/ bility therefor.
| Mr. Cones swcars positively that The
/ deposits were made upon the responsi-
bility Of Mr. Bowman entirely: aud in
no instance did Bowman make it a con
dition that Breslin should acquiesce or
agree to become responsible for the Sc
curity of the deposit, and that no
/ (Cones) never requested Mr. Breslin to
assume that responsibility, Bowman
obtained q certificate for $4,000, a
part Of his deposit, and transferred IL
to Breslin, a portion of which was sub
sequently paid-the unpaid balance
being the loss to the State by this Com
Pany.
He USES THE STATE MONEY IN WILD
CAT BANKING OPERATIONS.
About this time Mr.. Breslin took an
interest in the Kauawha Bank Of Virgin
ia. It does not appear that either he or
the State sustained any serious loss
from this institution; but is given as ono
indication of his apparent determina-
ton, at all times, to become mingled ia
spoculations and adventures in every
form, illegal aud inezousablo.
He was also largely interested in tho
organization and management Of tho
oFarmers and Mechanics Bank Of
Greensborough, Maryland" This bank
was organized By Samuel Waggoner, Of
Seneoa county, distinguished for the in
innate financial and business relations
subsisting between banks, Saving in
stitutions, bankers, brokers, cashiers,
politicians, and clerks, aud the State
Treasury. Brcslin used large sums Of
the public money 90 this Institution,
and loaned $4,000 Of the circulation
of tho Bank 20 G. =. Johrs1u aud w.
III. Gibson, Co enable thom TO purchase
the Seneca County (Ohio) Bank The
Committee romark.
nIhat there was @ procouoefied arr
ranaoment on Che pert of Waegoner
Bfoslin. Smith, John0on dud Gibson,