Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-06-20
For the Daily State Sentinel.
ssThe StOver Fraud"

sOeCH y
EpIToR SENTINEL: Having just returned from
the city OF New York. where | have been for the
last week as attorney for Mr.. ID Z Slower in
the matter of the INDIANA fraudulent bonds, and
my attention being callel to a letter from New
York, published in your paper of the 18th inst /.
protesting TO give the Wall street gossip in re
gard 10 The transaction, | deem il right TO say.
that SD far rs | an informed, no Just censure can
attsch To Gov. Morton for any delay that mty
have existed in bringing To light the fraud or in
prosecuting the offending parties.
The offence. although gravely affecting the
State of Indians. has been committed against
the Laws of the State of New York. aud the i'm
fOrmitiOn OF the offence was c%onvcyeI TO the
authorities OF New York by Governor Morton
a soon ~ known to him. The District Attor-
ney, Mr.. Hall, rs he informed me, for reasons
not ~ all affecting the State OF Indiana. took the
responsible lIty ct suSpetding action ia the case,
and from that time all the delay has been the act
OF the authorities o. the State of New York.
and against the urgent demand of Governor
Morton.
/ make this statement a. a measure of justice
To both Gov. Morton and myself. The political
differences whrh divide Us as wide as the poles
can make no difference with me and rs much as
| should rejoice in the political overthrow OF
himself and purity. | cannot consent that n mis-
take in the facts ct this case should he used to
his disadvantage under circumstance which re
quire me to speak out. j.. (. McDoSALD
There are several points not alluded to in the
foregoing card. aud upon which the public doubt
less would like 10 be enlightened. lie is stated
that "nc just censure can attach to Gov MoRroN
for any delay that may have existed in bringing
to light the fraud" Ii 50. why was the State
Agency in New York used ~ a cloak for the
fraud. rot only before Gov. MoRroN was advised
of il, neirly a year. but for months afterwards
Was it right FOR innocent parties to be thus i'm
posed upon. aud with the sanction OF the Gov
ernor and Agent Of St,te2
There Is no doubt but H,ILrrr. who engineer
ei the fraud and who is reported To be a NAFo-
LION in Wall street finance. impressed the Gov
ernor, by his verv courteous and skillful atten
tions. with an exalted idei of his financial abili
ties. II has not vet been denied but His Excel
lency urgel upon the Loan Commissions the pro
priety OF placing the uusold war bonds IN the
hands OF HALLrr tor disposal. a. the agent OF
the State. He understood the smiable weak
ne<.es of the Governor. aud the bait of the
hnsncier was gteeJily swallowed by His Excel,
lency. Rut the Loan Commissioners could not
tt attAt NfNhf ~ A'Ah Nhht 49, sfN- ottAhtA
We have the most unbouudei confidence in the
good intentions OF the Governor. but great men
OF all ages have been overeached. Illustrations
on that point are unnecessary. SrovER was
caught in the ret. and larger fish might be- decoy-
Ell BY the same means.
The State reasons which procrastinatel the eH
po>nre OF the fraud have vet to be written. and
when they are Developed they will form n inter
e-tiug chapter lea W all street hnanceering They
may show that even Government credit often
hangs upon a brittle thread aud that fraud may
sometimes serve a beneficial end la sustaining it.
We have 10 personal feeling Ia reference 10 the
Governors agency in the SrovIE fraud. and
should never have alluded to il as We have il the
organ of His ExeelIency had not attempted TO
fa-ten the odium Of SrovER's acts upon the Dem.
ocratic party. We think both are Low satisfied
that no political capital can be made out of it
aud for that reason It was omitted fnpm The 18th
OF June platform.