The daily Evansville journal. (Evansville, Ind.) 1862-1863, 1862-05-28

e
once. By leaving them unregistered Stow
er was able to keep his fraud concealed
during his term of Office, and of course 1t
g WAS inevitably discovered the moment one
OF the fraudulent certificates was presented
to the new Agent Col. Hudson. As Sec
ton of The act of the llth of March m,de
void all bonds not issued as it required,
otoyer had to effect his gigantic fraud OF
$I,2eO, 900 in the few days between his ar
rival ia New York as Crayen's deputy,
which was about February 20 1s59--CrRv-
ems only qualifying for the Office on tie l7Ih
OF that moDth-and the taking effect OF
the act on the llth of the month following ;
or he had to ante-date the bonds SONS take
hem outrof the operaEion of the new law.
The probability is that he executed them,
and put them. into The hands of lis ac-
complies, as be had opportunity, Turing
the whole term of bis Office, and ante -daled
them beyond March the lIth; 1859. They
are all dated, SO far as they have been dis
covered prior 70 that time. By this oper-
alton be accomplished two things be made
them valid ia firm. and threw the fraud
into he Two monthssthat CEaYena ne ubaal-
~ held the Office, thus making CrsVens's
securities responsible, If The fraud We 9 dis
covered, sasd saving his own. The Nonds,
aon1thsirdaee, are in due foam of law and
The State will uBdoubtedly be respo 1sible
for bem unless il can be proceed that they
: were seluadlg9 exec1ted after March llth,
! 1859, when theg would be void by cypress
provision of the act. Tl sse .se7 na
James A. Cravens, the nominal incum-
4 lbent of 1.-The Office daring the time this
gigantic fraud was perpetrated, as tht face
OF the bonds -sh0wyIs of course entirely
N Cd mil ~ -
Office was in Stover's hands all the time,
either as Deputy or. Ageut He confessed
his guilt TO Uravens, but denied that be had
ever proffted one dollar by bis monstrous
fraud. HIS aecomplices, on the otberF hand,
insist that he has pocketed 800, 900 at
least 10y it. II IS hard to believe that man
Of bis intelligence should have lent him.
self toa swindIe of such magnitude without
anyi eTnoDtration. BE is too shrew d tC.nave
been made The blind dupe of the Wall
street shafpers, and the fact that be has
started a baak at Beverly, New Jersey, is
pretty good proof that he was not ddpe
He has undoubtedly filled his pockets hand
somely, but not very permanently, we
tbiuk. Why be should evsu loFBhe ebauce
OF large share of the profis, have sacri-
hced bis previous name, upon which no blot
had ever APPEARED, snd fisked the certainty
Of deteetion@-for his fraud eUuld NOT last
through sheterm OF his snccessor without
disc9veryzis matter OF profound astUn-
ishment From an honorable position, and
an enviAbie uame, he sinks to the tad en-
inetce OF one of the, greatest swindlers of
TIE age, and henesforth the name Of Stover
will rank With thpse of Swartwoat, Floyd,
Redpath and Schuyler.
Previous to March 1Ith, 1859, the State
bouds were left 10 the Agents hands signed
by The State officers, ready for issuing, aud /
needing nothing but the Agents signature
to make them valid. This criminalIy loose
mode of doing business put in Stover's
hands the black bonds with which to COM
nit the fraud. Why all the blanks were
not at once recalled, after the act of March
the kIlib, 1859, the law meant they !
should be, leaving nothing in the Agents |
hands with which to commit a fraud, must |
be set down to the account of the loose |
way all'the State business was transacted |
during Gov. Willard's administration
Ii must be borne in mind that the State
6 cent. war bonds are in no way identified /
with the 5 per cents which Slower has SO
largely multiplied, and there is no posi-
Oflity of eontOuuding one with the other.
Tbe o per cents are coupon bonds, the 9th
ars are not. Conse quently, holders of s !
per cents are free frem all danger of seeing
heir securities corrupted by the introduc-
lion of StoVer's fraudulent bonds.