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

Of Richard Williams and Jacob Fleming sxcspt abou,
Sfooo he drat Of n. 3. Hamln, whieh vas ~ Pub.
lie money" and The loan of 5000 also from funds
Of he stiis The entire loan % Harln vas therefore
e30ooo. oi which. Gitsqn aHs eloooo cana from the
sate Treasury Mr. 0ihson further states, that -Mr.
Hamhn dd not assign % me a. the time OF making appl-
cston for these loans any rusons q public chaacer.
and reasons Of that nature opersed With msHine
sara uS n ss n s vs & PssS Ss a1
wss from the funds Of the Treasury vas Of "prvtte
nature sntirsly as the Investment Of the elo0ao0 10
western lands sworn byoY, Ford confessed 70 hin By
Gibson Transaction of smiinrnanrei In further ex,
planadon Of hia transartion with Hsmiin, Nj. Gibson
wears that the meusys wers paid o HAlin IN the ey o.
colnmbu,, and az probably IN hsTreasursrs ofcei that
he kept all, or nosto his private funds, well notes
deeds mortgages, and private papers, aud cofrespopd
enee IN the 1reasnrers vault 10 small tin boa, which
was bis own private properly. r-lfrE -
In rePly . this gass'nn; piayOu ,Aha .Aat money
out Of that tin boxf" he Ieplisd: ---..- .,ll1fl
will state that, according 70 my best recolecton,
did IN every Instance. Il might have been paid % Ham
lin IN part hy drafts the Trust Company, CINCINNATI
or on = O. Young, Cashier, or upon Atwood Cos baI
funds kept as have stated.'' ~ htt5
And in reply 70 this question: d 11lsal
y Did you keep regular account Of the moneys OF II
sts In tie inner yault, and did you know b actual
count The amount OF moneys erein and how often did
you make such count Of the moneys % would determine
!. He replied T...l s .r-l ~ -if
did 50 frequsntly but how ofsn, or the result,
cannot state either from raeoeoon or from any state
(Hershissr, hls Cashier swsars he usvsr took any
such account Of The funds in the Treasury and never
~ attempted to keep my private funds distinct from
the public fundHi but found dcut TO do and be-
heys made no attempt TO do 50 after April, 1857.
II often used private funds TO meet public debt and
somsmes may have used public rands in paying pri-
vate lahities." r. itHl' ~
This same dcuity 10 Distinguishing private from pub
lie funds existed during the term Of MIR. Bliss and
the cause of 50 much uncertainty and embarrassment n
his attempts to distinguish between them that at abe
Toe Of his term Of ONCE his private inereaa had gained
upon those Of the public TO large extent. Nh
Mr.. Hamlln, in his testimony, does not entirely cor
roborate that Of Mr. Gbson in relation to this loan As
an inducement 10 Mr. Gibson to make this loan he did
assign reasons Of public nature under the suppostion,
we presume that he obtained the loan from the State
Treasurer twoud be from public funds, bat from Mr
Gihsons ntimating to him that he had S26 900 OF his
own money from which he could loan the Company su.
eent 10 Keep the work progressing. Mr. Halnnn Dor.
foWea S4OO and agreed to PAY twelve per cent inter
OF interest SIX per cent Whether this sum wss
by the COMPANY for which was obtained for the pur
pose solely OF constructing the Lewstown Reservoir was
not of the purposes Of investigation the Gener
al Assembly having assigned the special duty Of exan-
ing into the circumstances Of the contract and rights Of
the contractors TO special commission created for that
purpose All that felt authorized to do was to In.
qnire into Gibsons acts Treasurer and in doing So
we ascerslnsd the iaet stated and We soon ecane
satisfied that the loan to Hamn was for this Reservoir
COMPANY and that the money had been expended In
construction, and that 1t would probably attempted to
make the State pay the contractors for all the moneys
thus expended, aud that division of assets the very
money taken from the State Treasury would he paid out
second time for the benefit Of the Company and that
Gibson would probably receive his proportion of it. We
felt bound 70 communicate suspicious to The Com.
mission then In session, and 30 protest against such
ment, and We are happy 70 learn by report recently
made by that Commission that this by this means
Can be saved to the State. Our object was to ascertain ii
possible whether any and any what portion Of the loan
70 Mamln was rom the funds Of the Treasury, and
The Commission to which we refer, came the same
conclusion as we did that this loan of $4,000 was made
from the funds Of the Treasury We give credence
to MIR, Gibson's declarations under all the orcum,
stances disclosed by the testimony, that this loan
was from his private resources lie seas 900 oft was
OF, and yet calls 1t private loanAnd he also states
that portion itin fact the aooe was tho money
of the heirs OF Richard Williams aud Jacob Fleming He
says; II entered In my memorandum Of accounts the
statement that the money loaned Hamlin was the money
Of the heirs Of Richard Williams Jacob Fleming ald
that the drafts Of Hamn represented their interest
were their property An examnation of the records
Seneca County referred to 10 the report Of die
Commission proves that Mr., Gbson Trustee and Attor
ney for the heirs referred to- had such sum of money
and that it was not loaned In any such direction From
the testimony before and from the contradictory char
acter Of Mr. Gibsons testimony respect TO this matter
and from other evidence so generally mpeachng his OH
cal integrity we can but concur ip the opinion expressed
by the Special Commission In their report upon this Lew
istown Reservoir that the loan to Hamliu was made en-
tiIely from the funds Of the State. t5t33
1tsnotpretended that the SO 900 loaned 10 IiaIin was
from any other source than the Treasury. Mr., Hann
states that proposed to Gibson Treasurer Of State
% rams s a%Ganp er e t SeT York and Gibson swear
part paid Gibson sweais to him In New York after he
resigned $4s6l being received BY him and paid 10 the
Trust Company and he received from Charlea u John
son draft OF Harper Ayres, Robert g. Co. OH Atwood q
Co. for S3OOU which he paid for In HanIns paper and
that he also paid the Trust Company $1,000 more which
he obtained In cash as proceeds OF Hamlins paper ma
king together Sl0,e6I, paid BY Hamin on the S3oO0O
borrowed according TO Gbson's statement. g.
says ne Borrowed some 929 exclusive Of the
remittance TO Gibson In New York after his respnation
he cannot tell the exact amount and for this he settled
with Johnson-the cashier Of the Seneca County Bank
5 by giving him his own note for $4,000 which ID Net un.
paid and for the balance the paid up Stock Of the Reser
voir Company that Is stock which there were tob no
further assessments at fifty cents on the dollar He
transferred to johnson between $4,000 and s45 900 of
this Stock. Assuming the s42500 OF the exact
O. ths sosk transferred and johnson says it was
S2l $50 and with the $4,000 note nov unpaid S2S
which Hamln arranged with johnson, showing therefore
that Gibson did not receive In New York any payment on
the Loan But the testimony Of G. L. johnson d concls
i've that Hamln has never paid anything Unleash on tha
loan He states that Gibson transferred to him In part
PAYNE for the S32 2 which Gibson owed the soneea
County Bank for part of the bonds distracted by him
from the Treasury these notes or drafts Of Hamns he
teiegraphed OF wrote by letter. or both to Hanl;n
that should send them forward to New York, if did
not hear from him. Hamlin came soon after to THIN
ne wanted G see Gibson before making his settlement
payment. He then had an interview with Gibson, who
after the Interview with Halin suggested to me to take
stock n the Reservoir COMPANY portion Of the
He referred me 10 Dr.. Paul OF Defiance as to the value
of the stock saw Dr. Paul but aot yery little nsef
information from him then left The claims and paner
connected with il, with Gibson 10 arrange with Hamiin
the best way he COULD With the belief that he could do
better than could Mr Gibson settled as understood
and gave me two drafts of S2500 each Of Hamn's on
big brother 10 New York. and be also informed me he had
taken stockor the remainder The two drafts arc pro
tested for nonpayment and are IN my vault at Tin ss
believe, The stock Mr. Gibson has net handed over To
n me: e. ns showed = to met was oyer $4,000 He took
anything on this claim, either to Gibson or myself %
knowledge He has been promisiig from week to week
70 GIBSON, as am advised, to raise money for us
but had 80 far faed He has received back his otas and
drafts, except the $4,000 above stated and have had no
other transaction with him" ,jt y
There Is no evidence, therefore, that any part or this
S24,O00 loaned to Mr.. HamIin has ever been paid into
the State Treasury, Mr. Gibson even. exeept Inv the
stock Of the Company which he low holds This stock
Hamn received from the Company at twenty ave cents
on the dollar but transferred 1t to johnson or aIbso
at fifty CENTS thereby making comfortable ttIq srr
ier himself by the operation Of borrowing money from
The dlfcu ties which surrounded Mr. Gibson II tha
payment Of the July interest Of 1856 still pursued him
he was unable to pay the loan Of John Thooson With
the spurious purloined coaiersls referred TO- and
was forced by some means unexplained 10 let Bartilt &
sn nave lien upon better class Of securities. The
&s0oV0 Seneca County Bank draft which he obaIned he
neglected to pay, Though johnson gave him the curre
cy expressly tor tpe purposes bpt the egencies Of his
position compelled him to use the currency for the oFd
nary disbursements OF the Tr asry and johnson had TO
wait for bis money uutl the following Jantary The
demands upon the e1nped Treasury stlinereased and
,ssSt must be had e farther loans and be- Gibson,
Cincinnati On the 20th august 1855, hs obtained a
dseountfr0m this firm OF six notes OF 50 600 each paya
bic In 80, $1,000 in 49, and $4,000 In 6 DAYS
These notes were renewed October 22d and paid y drafts
upon different County Treasurers Ia the latter part Of
Decegnber, 1855 ~ N3tast ie1e alfa y lHfl ifNS ~
Mr. William p. Drake, Of the partners In the fru.
atated in bis deposition that n alg 4F5ig EEI ~
MI Gibson depoated With as as collateral for The
loan s3oUe9 OF about that sum, Of Ohio Stats stocks Il
cannot remember the numbers the aroapts Of the
several eertiacates ThersWer SIX or eight 81 the
They were endorsed IN bianksuch 10 my opinon-
not endorsed BY Gibson. The name Of Thomas Noodle.