The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1860-05-11
Mechanics Bank,
Neal Dow,
Sufetics OF 1850,
$1,lO0
$500
$1,000
$4,000

$4,000
Allowing for tho odd sum, $58l. Al, not
enacted from the suretics Of 1859, and also |
for 500 correction made In tho General Do |
fciency account on tho Treasurcr's books, |
and the amount still due 10 the State will bo
found 10 be $40, 1883. OF this gross sum |
tho Legislature selected its own remedy for
tho recovery of $7,507.39 by the passage Of
the following Resolve:
STATE OF MAINE.
RESOLVE RELATING 10 CERTAIN DEkANps or TIE
srAfI.
Re,oiued, That tho Governor and Council
be directed 10 accept the proposition made
by Neal Dow in his letter 70 the lnyestiga-
ting Committee, as detniled in their Report,
and take measures ut once 10 have the prop
osition carried into effect. That tho Cover
nor and CouLcil be directed 10 demand pay
ment by John Wyman and Walter Brown
Of tho amounts shown by the Report OF
said Committee to DO duo from them to the
State, and II not paid TO take measures for
tho collection thereof.
[Approved March 20, 1901
The Surctics of 1853 wcro found by the
Report of the Investigating Committee to DO
liable for the sum of Sl4,35289. A deduc-
ton of 500 Is to DO made from this amount
by reason d an error in regard to the tax Of
the town of Gray, tho correction Of which
reduces the total deficit of the late Treasurer
to S93, 3,923.09. 10 tho Sl4 ,252.89, for
which tho Suroties Of 1858 would still be
liable on the basis of the Report Of the In
vestigating Committee, thsro must bc added,
in the first instance, tho Augusta Bank check
and the Paris tax before referred to, amount
ing to S2,84l.3l, and thus increasing their
liability to SIT 7,094.20. And in addition to
this amount the Commissioners, as already
stated, consider the sureties Of 1858 respon-
sible for oil moneys misappropriated by Mr..
Peck between January l and February 4,
1859. The gross amount thus misappropri-
atcd was 800 l36. 90, which added to the
Sl7, 7,094.2O, sums up $50 ,23l 10 as the pos
able ultimate liability of the Surcties OF 1858.
Further investigation and the examination OF
some bank books which have not been before
the Commissioners, may prove that the S4,-
038.44 before referred to, was undoubtedly
in payment of checks already included in the
sum for which they are held accountablo.-l
In that event tho Suretics of 1858 will be
entitled to reduction to that amount, and
tho sum which will be then demanded Of
them is S35, 5,l92.75. It is certainly better
that tho State should lose the 81, ,03S.44 than
that It should be paid by any one from whom
it is not equitably and indispunbly DUE
Tho undersigned have already shown good
reasons why the Suretics for 1859 should not
be compelled to pay this sum, and unless fu-
turc investigation shall clearly provo 1t to be
duo from tho Surcties of 1858, it must be q
loss to the State. One-halt of tho dcfalca-
ton is already made up, and If the State
shall csoape with the loss of only some four
thousand dollars, rs now seems probable and
hopeful, It may be accounted tho bcst Of for
tune. The Sureties of 1858 are amply able
to respond to their liabilities, and the State
may bc considered as secure against any fur
ther ultimate loss than tho comparatively
trihing sum just stated. What particular
course the Sureties Of 1858 design to take,
the undersigned are not able to state, ,inasmuch
as they have not appeared before the Com
missioners, either in person or by attorney,
though requested to do 30 by special notiflca-
ton. Tho Commissioners have been ready
and willing to adjust tho amount to DO paid
according to tho standard of justice and equi-
ty, and in the absence Of all propositions
from those Suretics, they have resolved upon
the following course Tho Commissioners
will hold an adjourned session ut tho Treas |
ury Office, on tho Goth of June, for tho pur-
pose of aiIording a full opportunity to those
Sureties to make fair and equitable adjust |
ment of their liability. Should no such ad-
iustlnent be effected ut that time, 1t will be
the duty of the undersigned, in accordance
with the Resolve under which they arc act
ing, to fix tho "tcrms and stipulations" Of
payment; after which the Suretics will be
allowed sixty days to comply with tho same.
In the event Of their failing to do 90, the
measures to be subsequently pursued are left |
by the Resolve with tho Governor and Coun- |
ell.
All which is respectfully submitted.