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

say; doubtless, when we get q Watg
Treasurer Of State. there will be a
good many Democrats who will be
in favor OF that same, but who, under
present circumstances" could see
"no necessity for any change"
You may remember, after failing
to get any action in the House upon
the treasury bill, we stuck on the
bill in the Senate q
section covering the entire ground
as to loaning or dspositing any oil
the monies in the treasury; but the
House, in their wisdom, governed
by Messrs. Gest and Mckenzie. }
-, ,.,;cS ,;s :, Gu. Oh, ALL AZ, adhered to it. and
at the last moment were compelled
to surrender, or adjourn without
making any appropriations, Then
the Statesman, (or rather Mr.. 8. s
Cox.) could laud the Finance Com.
mittee Of the House, and declare that
the odious section was only intend.
ed as personal fling at the Trea-
surer OF State" Had that section
been adopted, $4,000 Of the states
money appropriated for the new Lu-
natic Asylum would not have found
its way into the Canal Bank OF
Cleveland, and an infinite amount
scattered over the state, and perhaps
some of it out OF it, makingit neces
sary for the Sinking Fund Commits
sioners to convert the United States
stocks into money, out Of abundant
prudence to provide against contin-
gencies growing out OF ian embar-
rassment which has overtaken the
treasury" whereby there may be
doubts Of it's ability to pay half q
million of interest when there ought
to be at least a million Of money in
II. ROBERT j. ATKINSON.
The Report Of the Treasury Com
mission profoundly remarks:
wherever an independent treas
ury law Of this state is unsustaincd
or denounced, it may be justly as
sumed that influences are at worl
which, If left untrammeled, would
again lead to another defalcation.'
Let this apply to those whom Mr.
Atkinson duplicates in defeating tn,
sub. treasury, at a time when 8,
many Of the party knew the urgen
need Of it, and because they knew
Breslin could not pay the money il
his hands.
Next we find letter from Edger
ton TO Morgan, December 4th, jus
after it had been officially reportet
that there was near six hundre,
thousand dollars in the treasury, an,
when the Treasurer had power t,
draw on the County Tressurers fo
half million more, as was the Gus
tom, announcing Ills fears that tn,
Treasurer could not meet the Jan
nary interest; showing that a drai
drawn by the Auditor on him No
vember Goth, had not been paid, ant
that he was aware of the ilega
means the Auditor had taken to GOV
er the deficit by selling the sinkin:
fund stocks. Could Edgerton know
so much and not be aware Of all tn,
resti We apply to him and to Nor
gan the logic OF their report:
"If Mr.. Gibson was not cognizan
of Mr.. Breslin's illegal conduct Will,
in Office, and connected with him il
some form in his depredations upoI
the treasury, he has shown hinsel
by his neglect, to make even the mos
ordinary prudential inquiries upo
his going into the treasury, and al
containing that the amount appearin
to be due from Mr.. Breslin, was nt
to be paid to him, to be devoid {
common sense, and totally unfit t
occupy any position Of fresponsibilIt.
and trust"
RDGERToH TO MOTION.
STATE OF OHIo TRANSFER OFrIos J
New YoRx, Dec. 4, 1854.
Hon. w. d. Morgan, Acting Com
missioner, &c.-Dear Sir:--I deem
it my duty to advise You that I hav
some fears Of the ability of the Treas
urer Of State, to place the funds re
quired for the payment Of the Jan
uary interest on the foreign publ
debt payable in this city, in IN,
hands before the first proximo."
am not advised of the precise form
of your draft upon him ior that pur
pose, whether payable on presenta
ton or on the first Of January mex
II payable on presentation, | have
right to inquire into the probabilitie
of its payment; but if payable on tn
fret OF January, neither the Con
missioners or myself have any rigt
to make inquiries or examination O
the subject, for the Treasurer has nj
til that day to meet il, and neither
} US have any legal right to questio
his ability.
IN the usual course OF 0usines
tho Treasurer should remit funds
| me in anticipation Of the draft an
the day OF payment, but up to tn
LAY he has not remitted one doll,
toward the interest, neither has
any funds here to meet the draft
$50, 900 drawn on the 29th uitim
> Tor investment as sinking fund.
! : may perhaps be unjust toward Il
Treasurer to suspect his ability
meet these drafts in time to save Il
credit Of the state, but under Il
Q pre- sent embarrassed and excee ding
p stringent condition Of monetary Z
J, fairs, 1t may be prudent for the Ool
II missioners to have the means
d their power to meet the interest.
1t am aware that you have slres,
Ie takaD n ena IN avert anch q hlov,