New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-03-14

=, both which valuable securities Mr.. Brssli, srs-

ry, beth which valuable securities At. Becsln srs
ciou.ly proposes to hand overths stock in the LAID
Company when he can la bis hands upon ito the
State Of Ohio.
/. wu, perhaps, the loss thus realized, which
helped TO precipitate Bresln into the course % wi
sreculations with the States money upon which
be entered Auorgs these were connections with
W. Cones & Co and D. Berkel tue CONNER
cisl Bank Of Toledo, and the City Bank of Gin
cinnati, BY which. in bis last report Biesin
Aeknow Iedses, through the failure Of the deposit
ORES, to have suffered loss Of 500 $50, which in
this repor, he attempted to shift off the State
He was also connected with the Akron Branch
Railroad LosD, the Ksnawhs Bank of Virgins, aud
the ElkhaIt County Bank, at Goshen, in Indiana.
His partners in this last operation were John e.
Camp ard Charles L. johnson, aud 500 600, In
various State Stocks were obtained and deposited
as securities for the issue. The consequences OF al
tte,e operations Was that when Breslln, In l'56,
found i necessary to turn over the public money TO
VIM. II. Gibson. lis successor, though the amount
TO be paid over was So5J,S53, Breslin had in
hand OILY 1855, SOS at the bes., wherewith to
psy it. Gibson was Of different politics from Bres-
lin He had joined the Republican party, and it
was from that party that he had obtained his Office.
Nevertheless, he was connected with Breslin by
very close ties. He was bis brother. in-!aw, and
resident in the same town. From 1874 he bad
been an sttorney-at.lAw. Up to the time that
Bresin became Treasurer, Gibson, though bold
SPECTATOR, had possessed but little property.
10 yaJ "a hau Diau
funds at command. In 1853 be became president
of the Tiffn ard Fort Wayne Railroad Company,
purporting to be stakeholder in it to the amount
of $4,000. 10 l254 be became president of the
Seneca County Bank. he was partner with his
brother inaw in various speculations and, as
the commissioner, imply, was cOgnizant of his
misappropristion Of the public money and
.haIer in it. The commissioners do not sug-
gest it, but very likely hs went over to the
Republican party in correction with these sPecu-
lations; and, according to thst old policy which,
during the English and Scotch civil wars, led
brothers to take different sides, 50 that at all
events tie estate might remain in the family
Anyhow, Breslin and Gibson seem to have regarded
the Treasury of Ohio as their private estate When
the settlement took place between them it was
carried on like private affair, nobody being
SLOWED to be present. The account given of this
affair BY Gibson in his apologies FOR himself is not
satisfactory. He pretends thatup to the time when
be entered into Office as Treasurer be had no idea
Of any Deficiencies in the account of his brotherin-
law beyobd the S204, $50 above mentioned, yet
lie gave Breslin . discharge in full upon
receiving only 1858, sos, without making any
inquiry as to the balance, or suspectng arything
to be wrong-a story which the Commissioners
do not believe. For six months Breslin and Gibson
worked together to conceal the deficiency, in
hopes probably, to realize enough out of their in
yestments to make it up. They made desperate
efforts TO raise the money to meet the amount OF
$3.50 900 due for State interest in July, lS56, and
which the Treasurer's accounts would represent as
on hand For this purpose they came to New
York and tried to borrow money at various banks.
They did not succeed, but at last, by paying
heavy premium, got $50 600 from John Thompson
on deposit of certain bonds Blu! as the Bank of
the Republic refused to discount these securities
for Thompson, he demanded back his check, which
even had they held If, would have left them short
of the necessary amount, as to meet the interest
due they had only S25O,0OO in hand. Their onis-
sion to provide the money to pay this interest ex-
ploded the whole affair.
1t would seem, if Breslin is to be believed, that
Of the missing money some $500, 900 was absolutely
lost in the way above stated. Whist has become of
the balanced Breslin alleges that he has still under
his control 5000 900 of that money in the hands of
three parties, whon he declines to name, but he is
ready to give it up on receiving discharge and
pardon. The Commissioners, however, are Of
opinion that by proper vigilance part of this
amount may be reached without Breslin's aid. As
this sum is not in money, but securities, they think
it may be traced. Who are Mr. Breslin's cOnfden-
tisl friends, whether brother politicians, or merely
brother SPECTATORS, does not appear.
DpuTssH DRACRESS.