, 1860-07-25


lind Of lnnguage; even wnen apPf..:eea tn men
who are unable to resent it; shall most res
nectfulIy turn over to the suthor Of this "crush-
Ing speech sgaiust Gov. Disself' the case Of his
UtMoratic friends whose blunders have been
elucid sting. and il corrected error is an out
murder itself," then demand Of the endossers
Of these criminal charges against Gov. Bissell,
that they shall cbristeu the "outrage" hare
expoaed on this occlsion, and determine, in
strict accordance With their standard, its "de.
gree Of crime"
DEMOCRATIC BOOKKEEPING.
Twill now direct your attention to the man.
ner ia which our State debt aud interest, &C"
counts were kept prior to the passage Of the law
OF 1885,. renoreing the transfer office from
New York.
The bonds Of the State are issued in two dis:
tiuct forms, Coupon Bonds. and INSCRIBED
bands" The ecu; o bonds arc pay able to bea
ser transferable bJ delivery and have Coupons,
or interest certificates attached, which are.cus
of from the bond q they mature and present.
ed for payment. The only profession against
fraud in this class Of bonds, IS, in haTinx cor
rect records Of their issue with the number Of
every bond 60 TINT each coupon may be paycd
and checked Oft By the number, which must
correspond with The number of the bond from
which it is taken.
In The original issue Of or coupon bonds no
correct record was kept md therefore; as reci.
ted in the preamble to the law ot 1s47; the pre-
cisn amount Of "the State Indebtedness its
character and when payable could not be de-
termiued. Il is certainlY q matter Of very great
! surprise and suggss tss OF fious donots as -
entire honesty Of me IT, vhS % Srv
| our State bonds, that 50 loose aud careless q
| manner should have been adopted IN keeping
| The aecounts hat the amount of bonds issued
| could not be ascertalned.
The law Of ls47, to the preamble OF which /
hare just referred, applies only 70 me Us issue o.
| not arare inat any mote accurate 81 stem was
| adonted IN the issus of the Canal bonds and
SCRIP: atleast the State department, as am in
formed has ueyer been furnished with such An
au benuc record Is would ennble the officers
having charge Of the interest payments ana tae
fund NJ Of Canal checks and scrip, to detect any
frauduIent or unauthorized issues. and Ut thu
present time many of tbs holders Of e.idences
| Of Canal Indebtedness arc unable to Obtain any
| settlement with the State therefor in conse-
quence Of the entire absence OF any fecoEds ~
which the genusnenesso oi Inc cefunca'eS neio OF
To keep the coupon bond account IN such a
manner as will effectualy protect the State
| fl ON any frauds either in the issue Of bonds OF
the forging Of coupons; the State treasurer
should prepare aemi.onnualy balance sheet
Of this class Of fin3ehsedn=st. fof 'aas M purpose
bond Of this kind that has ever bean issued
with tho plumbers Of the bonds Of each variety
Of issues cofrsctly given. Credit should now
be given to tho State for the paynen that hay:
been mada upon principal, and the boaos PAID
acs amount Of out.tauding indt btedness of hi.
class upon which interests to be paid. OF thi.
this .aJ, 5000 900, the seni-annnal interest
viii bc $l5o, 600, aud payment Of mora than
this sum would indicate at onee the existence
Of fraudulent issues or forged coupons, not on
| " this but tho numbers md clauses Of the bonda
being correctly ut down, only sash coupons