The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1859-03-02

edI0nllf0eut brtnIu seems " nave olecouttnueQ
his deposits through Judge Bowen, with the
Bnnk OF Marion, more extended field of ope-
ration having been opened In other directions,
promising larger returns.
Charles t. Sherman, one of the high con-
tracing parties in this Central Bank association,
IN bis tes simOny before us, makes most untortu-
nate statement for his reputation IL is feared
bis desire for coucealment somewhat disabled
his judgment, or elouded il with a mental re-
seration. We invite attention particularly TO
that part Of his deposition, in which he says
81 know nothing OF his (Breslin's) connection
with any Ohio, or Indiana, or nay other bank"
and 81 never borrowed from Breslin, nor had
any money or other Transaction with him, except
as stated" those stated being entirely profess
sional, and not referring & the Central Bank or
any other bank. Mr. Sherman was one who
specially represented Mr.. Bresln in the original
contract, and transferred to him in pursuance of
it, portion, at first, and subsequently all of the
stock subscribed by him.
Growing out of the Central Bank, we're nu.
merous offshoos or auxiliafies, to facilitate the
lobtaining ofState Stocks by "circuation," and
to embarrass theredemption Of the circulation
Of all OF either oi the banks. These banks were
all called the
I. .a-.s. =. "wABAsH RIVER BANKs;"
And we're located at Jasper, New Corydon, and
MELVILLE, Indiana; but no additional capital was
required for starting them,-thc circulation of
the mother bank being all that was necessary
| The same parties were interested in these
banks. Still another, however, was established
in Indiana, by Judge Bowen, Charles T. Sher-
map, B. r. Durfee and Breslin called the
/ la,a "DELEwARE COUNTY BANK"
Inwhich Breslin had an interest of $1,000
About S., 600 of this interest, as he states, was
subsequently refunded to him on the closing up
Of the bank, and the balance was the pro rata
loss. sr 4
Judge Bowen, in his testimony before Mr..
Sparrow, swears that the moneys he received
: from Mr.. Breslin in 1859, were deposited in the
Bank of Marion to Breslin's credit, and drawn
out by his checks; when it appears that MIR.
Breslin never kept an account at the bank, or
, with it on the books of his office all his trans
q actions being through certificates issued in the
! name OF Judge Bowen. The fact of Breslin's
connection with the bank was even concealed
from the Cashier, although known to the Drec-
! tors. .,..
: In answer to the following question by Mr..
Sparrow:
/" Had he, or has he (Breslin) now, any inter-
est in any banking Institution or brokers' office,
. in this or any other State, or in speculations of
:. any kind If SO, state what, how much money
q he invested, the time Of such investment, the
: name of such banking institution or brokers' Of
fee, the place of such institution. and what be.
: came of the money SO invested 2''
). Judge Bowen replied " | cannot state whe-
/ ther the said Bresln has any interest in any
banking institution or brokers' office, or in spec
: ulatons of any kind. possess no knowledge
on that subject, and can give no information re-
!, lating thereto"
y And to this question "Do you know of any
- illegal or unauthorized application of the funds
! of the State, while either of the above named
= persons (Breslin and Gibson) were Treasurers
} of State %
. He replied: a." do not"
. The parties associated with Mr.. Bresln in
a these transactions - Judge Bowen, Columbus
= Delano, Charles Il. Sherman, B. r. Durfee,
: and William Sturges-could not have been una
a ware, that the association involved the illegal
- = use of the public money, and they should share
a with him in the disaster to his reputation, as
= well as his finances, and bear part of the pub
I, lie censure.
{. CRY BANK OF CINcTNNATI.
y The connection of Mr.. Bresln with this bank,
g and the loss it caused to the State directly of
If $798ll,95 and indirectly through Sanderson
1T Robert, its last President of S2l 342 59 was one
e lot the results of the intrigues and Vaccinations
n which are nsepaIable from such institutions,
1T and the inevitable consequence OF making them
,r "a part OF the Treasury OF the State. We have,
Z. heretoiore casually adverted to some of the in
e fuences potent in controlling Mr. Breslin, in the
VI selection of this institution one of his deposit
in tories. In the statement he has made to US, he
T. has entered very fully into justification, or an
b, excuse, for his conduct in this regard, which,
,h however, does not, by any means, exonerate him
a. from censure; but with the testimony we have
'e taken duplicates other parties who should. per.
I; haps, receive their just proportion with him.
q AS we give his statementin full to the public it
!, is Unnecessary for us to enter at any length into
e. explanations as to how bis account originated
10 or why continued with the bank, without aling
le to his aid the legal authorities that steps might
Fl be taken to secure from the then assets, what
if he had already in jeopardy. Mr.. Bliss, as we
rs have shown, was intimately connected with this
L. institution,-in fact, for time, part owner of
IS it,--and il is natural to suppose, if he did no
,e more, he placed Mr.. Bresln in personal commu-
A. nieation with the parties in interest. The &C
st counts of Mr. Bresin, as copied by us, from the
le books Of the bank, will show the extent of his
" connection with it--when it commenced, and how
le it terminated. 1t opened on the 23d of Februa.
,f Try, 1852, by deposit of SIT 1894 81. On the
c. 24th OF February, 1852, further deposit of
,e $l5,000 by John Woods. Why John Woods
lie should pay over to Breslin $4,000, about
ID month after he ceased to be Auditor of State,
N we could not ascertain The ST. 1893 81 ,marke ed in
ID Breslin's account as paid by w. D. Morgan, were
D. found to have been an Auditors draft on the
" Harrison Turnpike Company, for dividends due
N the State, made payable to Mr.. Breslin, by whom
ID it was sent to the bank for collection.
IS The loss through Sanderson Robert, originat-
N ed in the receipt by Breslin of his note for GER
lie tificates of deposit to the amount of S. 3S2 ST.
IF as stated by Robert; and the balance arose from
i. loan OF money or currency by Breslin, which
re was supposed at the time by Robert to have been
is an official deposit, but which Bresin subsequent.
e, ly claimed as an individual loan. Whatever it
ID may have been, the notes OF Robert have now
,f been transferred by Breslin to the State as its
e property. @ .s
o Ii seems that this bank was at first controlled
). by Mr.. Wheeler, as President; and then Mr.
j. Headly appeared; followed by E. Nj. Gregory;
10 and he BY John Reznor; and last, Sanderson
d Robert the sole survivor Of this swindling cor.
l.. poration, stalked around its empty vaults in
a search of its securities. In the last agones of
,r these institutions. usually some injured and
,r grieviDg stockholder stands around il sobbing
le woe Or vengeful wrath, in search Of some mem.
If orial Of his interest in the departed but for this
D. bank, no mourning or wrathful stockholder has
appeared, and neither, in all our searches could
+ wei learn that any were known to exist. It is
singular fact in its history, that Robert held the
7. bank for years in abeyance--no dividends--no
), elections no actual busness--no tangible owners
3, and tothis day none have been discovered For
l. such Information as we have obtained in rela.
ton to this bank, we reier to the testimony of
3. M. Gregory, Thomas Heatop, Sanderson Rob-
ert, A, A. Bliss, and the statement Of Mr.. Bres.
+. lin. We have failed to discover any meansS
d from which the State is to be paid it's loss TheA
# bank is now in the hands Of Receiver, R. MI
). Corwine, who can be held to full accountable
y ty for all the assets placed or which may come
3 into his hands. 5gRy
< w. W. Cones d CO.
Mr. n a VI