, 1859-07-09

Tnf STATE TnxAsrnT-t:0o,oo0 GosE.-
We regret TO hear that the State Treasury o1
Illinois has suffered most terrible depletion.
Old settlers will remember the claim OF McAl'
lister and Stcbbins against the state amount
ing 10 nearly, If not l4t1y, million Of dollars
Ti,is claim, has beeu coustant attendant ut the
Legislature for many years. We now learn that
tho Audi or has, without authority of law, is-
eusd to assignees OF tho original claimants,
STATE hoaas to an atsouat e.ee<diny tao hpadrtd
tAonxdnd dollars, ASn ISSUED TuEx As tSrEfSAL
1xrkoykukxT B0xbs. Tie State owed the CLAIM.
ants certain interest bonds, bonds issued to
cover ii CENTS on the dollar Of the claim; the
t;tatc officers, however, hare taken up tisete in.
forest bonds, aud issued new bonds, covering
100 cents on tue dollar The lnss to the State is
the difference between l6 and 10a cents on cacl,
dollar Of The new bonde, and as the new Issue
exceeds two hundred thousand dollars, tue H.
legal and fraudulent addition to tue debt Of tho
State will not exceed $ls0,G00.
Verify, unless Judd gels to be Governor soon
hs will hase very little opportunity TO make
himself rich.
viii some friend ut Springfield ferret this
whole transaction. John Wentworth knows
something Of this Stebl'ins and MeAllis.cr case.
NTH he throw some tigh, upon it:
+. S.-siucc the abure wns written, NC un.
de.stand that it j. pretended that this fraudulent
issue Of honda is the work Of the transfer agent
Auditor has ratified aud confirmed the whole
transaction. and that his books will show the
fact. The bonds. Of course, being fraudulent,
none eau buy Them without beng deceived.
Chicago 1:me', July sta
4 very plain. s=ltement will put all this
matter ut rest: Many years ago, AcAllistcr
t Stebl;ns loaned the Suite Of Illinois sum
Of money I've do not remember how mucl),
receiving therefor large amount Of bonds as
security. This transaction was made by John
D. Whitcsidcs, and since than the AcAllister
s Stebbins CHIN has been source of constant
annoyance to tho State officials. The firm to
which the bonds were hypothecatcd, f,iled,
and as part Of their assets put ill or large
part Of these bonds ont Of their hands, Claim
ing that as Illinois Lad failed to fulfil her part
Of the contract the bonds were theirs. Du,
the State, though willing to settle will, thcse
parties, neyer has acknowledged and does not
ssoso acknowledge any obligation to pay more
than certain l'ar cent--twenty-slx per cent,
wc bclieyc-of these evidences Of debt Not
long since, tho Agent Of the State in New
York who keeps tue trarsfcr books, inadvcr-
1enuy took up few Of these bonds, issuing
others therefor. No hayo no information,
how many were received ',y lin; Int VIC arc
willing to admit that there were moro than
he ought to inye taken. But the numbers oi
tue bonds issued and Of the bonds received
:Tc kept IN the Office Of tho Auditor in Spring.
field, and though the form Of tie original Nc.
-allister Stsbbins debt is thus far changed
the obligation Of tho State to recognize or l'ay
any part Of it remains exactly as before. Tie
State las not lost and soil not lose dollar ls
the transaction! The Governor, Auditor and
Treasurer, while regrettiug the mistake that
the Agent las made, utterly rcpudiatc Ills ac:
They will not pay dollar Of the interest or
tho bonds in question-wil not pay dollar
Of the principal. McAllistcr l. Stebbins, OF
their representatives, havo got new bonds 70,
apart Of the old, and tint is all They have
not got dime in money, and have 10 mort
prospect Of getting dime than they had bc
fore tho trausfer was made. That's tho wllol.
and end, Inside aud outside Of fit-the inns u
tic contrary Notwithstanding
We understand that Mr. Bcment tue Agent
is busy in uadoing his mistake, and that Tic
prospect now is that the gentlemen to whom
the new bouds have been issued will surrcn
der them without delay- Whether they do o,
do not the State is whole Not cent In.
gone out Of tho Treasury in consequence o
tho transaction, or If the Democracy please
tue faulti As long as William II. Bsscll il
Governor, Jesse Dubois is in the Auditors Of
flee, and James Miller is ut the Treasury gate III
gougc Of that sort will be consummated, low
ever fnirly it may start Tie Democracy, cyci,
may bet On that!
Tho Times assertion that the Estate Aud:
tor 1ns ratified aud confirmed the transaction,
is simply falscI