New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-06-20
TuE INDIANA FRAUD.

THE INDIANA FRAUD.
Mr.. Samuel HalIet appears In our CONNER
cial column this morning as an exposition Oh
the great Indiana Bond fraud which has so
disturbed aud unsettled the Stock and Money
Markets for some weeks past. 1t amszes US
that one who mus. know so much can con.
trye to write on the subject yet tell so little.
Mr.. Hallets reticence cOmpels us to add some
further calculations, though our acquaintance
with the subject is very far inferior to his.
The general outline Of the case il already
pretty widely understood. That Indiana Bonds
have, during the last two years. been iraudu'
lenty put forth, until the total amount thus
Issued is not less than Two Million Five Hun
dred Thousand Dol!ars-that most if not all OF
these bonds purpOrt 10 have been issued to
SAMUEL Hallet and have been negotiated or
pledged by him--that the greater portion Of
these bonds bavc been redeemed aud destroyed
by Mr. Hallet or bis agentS--that they bear
the true signatures of the late Democratic State
Officers who ought to have signed them had
they been genuine, except that James A. Cra-
ycps, the then State Agent, had given to ID.
G.. Slower, b, confidential clerk or deputy,
power of attorney TO sign for him, and these
were go signed--that StOyer shamefully BE-
trayed bis trust signing and uttering whole
nok.iul of these bonds, which the other State
Officers whose signatures wero required had
most improperly Out according to the
viciou. usage previously prcyacnD signed
10 blank, 30 that Crsyens or his deputy here
could sign aud issue them without delay 30
such a. might require now bonds instead oi
old ones ON becoming owners OF said BONDS by
tran.!er-that Mr. Pudson, the new (Republi
cam State Agent chosen in consequences OF
the revolution Of 1850, soon after his assump-
ton Of the agency here, discovered that there
had been fraudulent issue Of these bonds
that he was persuaded 10 hush up the matter
by urgent representations that ~ Only could the
State and the holders of these bonds be saved
from harp--the person or persons then nnpli-
Gated agreeing to take them up at the rate Of
$40. coo per week aud assuring him that but
$3.50, 900 had been issued7-that they did re-
deem and cancel sic. 900 per week as aforesaid,
but put out at least $40, 900 more for every
$40, go they took up-tbat they aterward IN
creased their redemptiOns ~ So, 900 per week,
but to no better purpose-that Mr. Hudson com
pLcated himself fatally with the swiDdler or
swuders b. allowing them 10 redeem and to
pay interest on their fraudulent issues through
his efsce thus allayng any suspicion of their
genuneness that may have ariseu-that the
matter finally came to the knowledge of Gov.
Morton, who refused TO be involved in any ar.
rsngement or understanding with the swindler
or swindlers, but put the matter into the
hands of Mr.. A. Oakley Hall, our District.At-
torney-tbat Dir. Hall did not think best at
that tune (last February or March) to blazon
It by q prosecution, in view Of the critical
state Of the National and of Public Credit gen.
eray-that it has recently been submitted by
hun TO Grand Jury Of our City, Slower hav-
ing been arrested in Indiana and brought here
prisoner some time ago-so much We pre-.
sumo to be pretty widely known.
Mr. Halett's Gard ought 10 have enabled us 10
add to and perhaps correct the above. but il
does not lie does not tell us, as be well might
how many Indiana bonds, now known and off.
cially treated as spurious, have been Issued in
bis name and negotiated or pledged by him.
He does not tel US how many Of tbese have
been issued since lie was aware that those
previously received by him from Slower and by
nlm sold or hypothecated, were fraudulent.
lie does not tell us whether there are or are
not, to bis knowledge, any other bogus Indiana
bonds ahoat than those Issued IN his name by SO.
ser and negotiated by or through him. lilo does not
tel us (uost interesting point of ally how many
Of these bonds issued to aud placed through him
have been redeemed and destroyed, End what
amount still remains uncanceled. Instead OF
tho points on which he must be able to speab
from knowledge, lie favOrs the public with the
opinion Of counsel that "the bonds 80 alleged
to be void are valid aud legal obligations, bind
ing on the State OF Indiana" That may OF
may not be--@e will not discuss the point
but it is not asserted that the " counsel" who
have given this opinion have heard both aides
Of the case they so mogstorially decide And.
at oil events whs. the public is concerned in