The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1859-07-27

NSobSAA
merlY in use, and through which our treasury
was plundered. Statesmen.
The Treasury INvestigation-A
Stray Leaf
The Ohio Stats Journal has exercised its best
ingenuity to convict ex-Auditor Morgan and
Mr.. Edgerton with an early knowledge OF the
Treasury defalcation and with concealng the
same from the Legislature and the public, and
the Republican organ after having established
so grave charge, to its own, II not to the pub.
lie salts faction, denounces such conduct as a Sc
rious and henious offense. We have shown,
heretofore that all the allegations made by the
editor against Mr.. Morgan and Edgerton, were
groundless for the reason that the official docu-
ments sent in by the Auditor and Fund Com
missioners, to the General Assembly, from time
to time, did disclose all the material facts as
far as they had knowledge, and hence they
were not liable to the charges made by and de-
nunciations Of the Journal That it would be
grave offense for gentlemen occupying the po-
sitions they did, to have concealed any material
facts in connection with the administration o
the affairs OF the Treasury by john G. BreSlin,
is admitted, but it is denied that they did do so.
| The reader will find in our columns this
morning stray leaf from the Report Of the In
vestigating Committee, being the testimony OF
1r tha II.
date for Governor, as taken before that Com
mission, from which it will be perceived that
he had a knowledge of the condition of the
Treasury and that Dedication existed before
John G. Breslin became Treasurer Of State
Mr.. Dennison was made trustee in 1852, and
Albert A. Bliss, the Treasurer Of State, con-
veyed to him his real estate and transferred to
him certificates of fstock in various corporations
and some notes, for the protection ofthe secu.
rites Of Bliss, for dealcation in the funds Of
the State then admitted by Mr. Bliss to exist.
MIR. Dennison acted in the capacity of such
trustee until in December 1852, when, at the
instance of Mr. Bliss and the securities, be re-
conveyed to Bliss all the property which had
been conveyed by the latter to him in trust
The amount of the admitted Defalcation ap-
pears to have been S65,0O0, and Mr. Dennison
states that after the execution of the trust, but
whatever previous to or after the surrender OF
it, he caunot state the sureties in whole or in
part executed their checks on one or more
Banks for S65,O00 in denominations of $500
each, payable on demand and delivered them
to Mr.. Bliss or Mr.. Bresln, Git is not stated
which to make up the alleged deficit. A por.
tion of these checks, it appears from the test-
mony ofMr. Denison, were not paid in the lat
ter part Of the year 1855. In accepting the
trust, Mr.. Dennison executed an instrument OF
the same date of the deed, setting forth the con-
ditions on which he took it, among which are
these: That the property "is to continue in
the hands and under the control Of said Denni
son, his heirs, &c. until the said Bliss shall
have fully accounted with the State for Ill mon
eys that may have been received by him as said
Treasurer, and shall be fully discharged, to-
gether with his said sureties, from all liability
the said Bliss and hc said suieties," of his bond
as such Treasurer. 1t is to be observed that
notwithstanding this express condition, in the
instrument executed BY Mr.. Dennison himself
when he accepted the trust and by which he
recognized an obligation resting upon him to
take care that the Treasury was made whole.
before he surrendered the property, he turns
round in few months afterward, and recon
veys the property to Bliss concealing, for all
that appears, all the facts from the State, and
surrendering the property without its consent,
Mr. Dennison was for brie period connect
ed with the investigation Of the Treasury de-
falcation in 1857 after the resignation OF Glib
son, and before the appointment of Mr.. Spar
row, and when he resigned that appointment,
upon the acceptance Of which he pledged him
self to make full and fair expose, the knowl-
edge of the defalcation Of Bliss was not disclos-
ed by him. That he had an early knowledge
of the original defalcation, and the practices ont
of which it originated, and in the continuance
of which, the amount Of the defalcation was
largely augmented, is beyond doubt. That he
carefully concealed all these facts and the exist
ence ofthe Bliss defalcation, is equally true
The public will be able to learn from Mr. Den
nison's testimony, that he was deeply involved
with that class Of men who had began to regard
the funds in the State I -easury, no matter who
was the Treasurer, as legitimate for the uses Of
corporations for purposes ofspeculation and prof.
1t to them. Mr.. Dennison has been constantly
connected with the banking interests Of the
State, and they have heretofore held these
opinions with great tenacity. 1t was his asso-
citation with this interest that induced him to
conceal his early knowledge of the Dealcation.
Had he exposed it at the proper time, had he,
like faithful sentinel, proclaimed the fact and
warned the people, his warning might have re-
suited in correcting the abuse at once, and saw
ed hundreds of thousands Of dollars Of the peo-
pIe's money. But he did not do this, for what
reason let his friends explain if they can.--
! Statemsan.