Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-06-24

The affair Of the fraudulent issue of Indiana
State bonds Is evidently coming 10 a head. In
Yesterday : issue We published an obscure, oracu-
ular letter from Mr.. Samuel Hillett. OF the firm
OF Stnue. II illett y Co Wall street, upon the
subject; ana on Thursday, aS our readers will
see bs our legal reports in another column, this
Mr. Hdlett was indicted 10y the Grand jury upon
the charge cot forgery in the second degree. and
gave bail Ia the sum of ten thousand dollars TO
appear and auSW er the Indictment. Mr.. Hallett.
IL Will he remembered. - the Wall street broker
in whose name the fraudulent bonds were issued;
aud. as Mr. ID. {. Slower. the confidential CLERK
OF tie former State Agent of Indiana, who isSu
Ell the bonds, Is also before the Grand Jurv, and
will. It Is presumed. turn States evidence. there
l. every prospect that this IN, Mysterious business
will soon be subjected To the searching hight oil "a
thorough legal Investigation.
Tie fact i now before the public that n fraud
has been committed, and il IS admitted that the
over ISSUE OF bonds amounts To two and a half
millions oi dolltrs-a swindle greater than that
OF Schuyler, and equallej in this country only
by the stupendous operations OF Floyd and
Thompson. lie i admitted. also. that the 9th
Gals ot Indiana knew OF the existence OF these
fraudulent bonds Tor a long time before the mat
ter became public. Mr.. Hudson. the State Agent
OF Indiana here, is said 10 have been c~oguizant of
the fraud hiteen months ago. Gov. Morton ol Ind.
knew OF II i've or six months ago. aud cam to
tai> city 10 consult with attorneys anu brokers
upon the subject. Other Indiana State officials
are also implicated. since an arrangement was
made by them with the Wall street brokers Tor
the ronceAlmeut OF the fraud and the redemption
OF the fraudulent bonds through the legitimate
State Agent ia New York. Such being tie facts
OF the case all eady developed, the question Of in
t,Te,t 10 the b,ndhoiuers may be whether or not
these fraudulent issues will be redeemed bv the
State. but The interesting question Tor tile gener-
al public =, who ate the great rOgueS, the officials
81 lutiana or the brokers OF Wa al street!
There sre two sides 10 every question, and
there a great deal 10 be shid upon both sides
OF this question at comparative roguery. \ long
established ani vel maintained bad reputation
would seem O. enutle the brukcrs 10 the palm;
but then official corruption Is by no means 80
nes a thing N this country that the officials OF
Indiana may claim a p~resamPtive innocence II
II had not been Tor the ruguery OF the State Off
Gals there would have been 40 fraudulent bond,
but. then. IT it had not been tor the suggestions
of the Wall street brOkers-WhO prObabl, devised
the whole scheme. and TEMPTED unsOphisiicaied
Slower. a. ; ttan tempted Eve-there~ would have
been no roguish officials. Verify. the question
becomes dllicult. and needs the acumen OF a
Philadelphia lawyer for Is solution. The vexed
query Ia reganl to the assault UPON Billy Pater-
son : nothing to this. That both brokers
and officials were cheek oy jowl in the
matter IL j. oaly fair 20 believe. tor when tie
officials came on here. some time ago. the brokers
entertained them with dinners. suppers, and yacht
excufsions: and when the brokers found them
selves la a very tight place. the officials recipro.
Gated By hrshing np the fraud iFom the public.