Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-05-26

well a. at the New York Agency. Section OF
that Law provides:
That any and al certificates or certificates OF
stock ssue or Transferred in violation OF the pro-
visions Of this act shall be deemed fraudulent and
void a. against the State Of Indiana
II appears that these fraudulent bonds were
issued after the passage Of this act, but to obvate
It's provisions the bonds. certificates of stock,
were antedated-ve believe they are all dated in
February. 1859. The old blank bonds in the
New York Office were used for the purpose signed
we belive mostly by W. r. NoFFsINGER, ESQ. a.
Treasurer, and JoHx W Dom, ESQ. as Auditor
of State. countersigned JAMES A. CRAvESs,
by srovR as Deputy. SrovER relieves Mr.
GRAVES from any knowledge of the fraud
whatever, and Acknowledges to bis thus hay-
ing used the name Of that gentleman and abused
bis confidence. We hear that the bonds we're
even dated previous to the 18th Of February
the day that Mr.. Canvass bond was approved
and the time his acts as Agent of State became
legal
SrovKR bad some Wall street brokers or bank
received any of the avaiIs of the frand On the
other hand these bankers say that they had no
knowledge Of the true character of the bonds
and believed them tn be genuine. They state
further that they regarded SLOWER man OF
great wealth and had all confidence that he came
by the bonds legitimAtely With the proceeds
those parties started or purchased the Bank oil
Beverly. in New jersey. They had there fine
banking house. costing several thousands Of dol
lars, and fnancerel in the most modern style OF
deny any ownershipin that bank, and, like Japhet
il is in search of father This fraud was sus
pected some time ago, aud the matier has been
in the course Of investigation for some months
Mr. OAKEY. the attorney employed n the case
thinks the testimony of SrOyIR sufficient 10 con
Wet hi- accomplices. whose names withhold
for the present by request The severeSt penal.
ties Of the law should be visited upou all the
parties engaged in this crime. SrpvER is guilty
OF a double crime. gross violation of a public
trust and an infamous abuse of the confidence OF
friends who became his security in a large
amount. SI5o.O00, for the faithful discharge OF
the duties of the office His bond was signed by
number of his friends in this city and i'm Mont
gomery county unbe.itatingly, such was their
confidence in has personal integrity and business
qualifications.
Fortunately the war bonds Of the State were
all disposed of at high rate, ninety two, before
the fraud was made public At the first stock
board in New York Friday last. Indiana SIS
sold at olls at the second board, after the
fraudullnt issues became known, they dropped
to 10. SLOWER refused to disclose any nforna-
zion To the disposition of the issue IL is not
known into whose hands these fraudulent bonds
have fallen. They can he identified, however, and
innocent holders must suffer 10y the rlscalty
The elect will be 10 weaken confidence in the
stock banks based upon Indiana securities, until
it is known whether the bonds they hold are spu
riOus or genuine. In this emergency it becomes
the duty of the State officers to promptly make
the necessary investigation and publish the facts
in the for the benefit Of the public And
innocent parties who may have invested their re-
sources in Indiana bonds, may be ruined by this
act OF villany. And again we repeat that the
scoundrcls who have thus violated public and pri-
va,e confidence, who have been guilty Of a stu
pendous fraud which may embarrass and ruin in
nocent parties, should be visited with the utmost
rigors of the law. 1t is the duty of the State
officers to that this is effect ually and promptly
done. Every citizen of Indiana has an interest
in vindIcating in every way possible, the good
name and credit Of the State. which those rob
bers by their rascalties have furnished. Much is
attributable to the loose manner in which our
public finances have been conducted. To ascer-
tain the exact condition of our public debt. the
State officers should take measures to
call in all outstanding certificates OF stock, and
issue new certificates for all genuine issues. In
this way public confidence in the bonds of the
State be restored.