The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-28


leader Of that faction here The issue thur
raised by the two factions of tho republican
party will have direct bearing upon the final
settlement of our present difficulties, and there
fore becomes tie real division between con-
tending parties at the fall election in this State.
Tie broken fragments OF the democratic party
and the spoils-seexing politicians will attempt
to raise other issues; but they will gradually
disappear under the great national importance
of this controversy between the republican fac
tions. Those of radical views will rally around
Barney, and the conservatives under the lead
Of Weed. With lines thus drawn, the result Of
our election will be easily foresecn. ..ss-sy
The Tribune and the Indiana State
Frauds.
Ex-Governor Hunt once declared that Gree
ley, Of the Tribune, twas more dangerous to his
friends than to his enemies" The State
officials of Indiana must already fully endorse
the ex-Governor's opinion. The Tribune has
become noted as the organ of every species Of
depravity, from womans rights to amalgama-
ton, and from Matteson drafts to contract jobs.
We were not at all surprised, therefore, to find
Gals in the matter of the recent fraudulent
issue of Indiana State bonds. BY this time,
however, the officials have doubtless found that
their defender is their worst enemy, and we can
imagine them ardently praying-if they pray
at all-that Providence would deliver them
both from our Grand Jury and their Tribune
friend. From the very first the I'ibune's sup
~ hos fbo liz fho
officials and the 1ribune's admissions have
been the very best proof of their guilt.
In yesterdays issue the Tribune attempted
to reply to one of our articles upon this In
diana State fraud. Instead Of reply, the 1ri-
Jo,nes editorial is really full confederation of
our article. From the best information we can
obtain, the Indiana Legislature authorized the
issue of bonds for loan of two and half
millions of dollars, over and above which
amount one and half million of dollars
worth Of fraudulent bonds were put into the
market. The Tribune admits this, but asserts
that no one but Mr.. d. c. Slower, ''the late
democratic State Agent and agents clerk in
this city," ever issued one of these bonds. How
does the Tribune know this? The bonds were
agency. Neither the brokers nor the public
could distinguish the authorized from the I'M
authorized bonds. The State officials Of Indiana
received and redeemed the fraudulent bonds.
Upon what grounds then, can the Tribune
anticipate the finding of the jury and pro-
nouncc Mr.. Slower the guilty, and the only
guilty, party! We stated that the republican
State officials of Indiana, now in power, con-
nived at and continued the original fraud,
by concealing it from the public, by refraining
from making q charge against the guilty
parties, and by buying up and reissuing the
fraudulent bonds. The Tribune admits that our
statement is true" but contends that this
"course, taken by Mr.. Hudson, the republican
State Agent, with the partial assent Of some
other Of the Indiana State officers" was ''im-
PEELED by the purest motives" OF course this
assertion lie indlsputable. Doubtless the Irish
man who went out with comrade to steal
bacon, and refused to give evidence in regard
to the theft, was also "impelled by the pursst
motives" in concealing his knowledge of the
crime.
We entirely agree with the Tribune also--or
rather the Tribune agrees with us-that ut
would have been wiser and safer for the officials
to have taken very different course-to have
exposed the fraud the moment it came to their
knowledge, and let consequences take care of
themselves" This is just what we have con-
tended throughout this case, and we are glad
to see that we have at last converted such
hardened sinner as the Tribune to our opinion.
Indeed, in the face of the facts it is impossible
to indulge in any other belief We hold that
by concealing and abetting the original fraud
for fifteen months the present officials of In
diana have made themselves pd,ticeps c,aaia;s,
and should be indicted by our Grand Jury
We are at loss to know if "only Slower"
issued the bonds and if our brokers gave good
assets" for them, why Wall street broker has
been made the scapegoat Of the Indiana
officials. We think that the Board of Brokers.
in view Of all the circumstances Of the affair.
should Immediately close the stock market
against AID Indiana securities, some of which
old repudatcd canal stock-were exchanged
for these bonds. The Tribune agrees with us
so well upon these points that we are sure il
will join us In advising the people Of Indiana
to turn ont and keep out of office all the poll
ticians, democratic and republican, who had
anything to do with devising, abetting, con-
tinuing or concealing this atfocious fraud upon
Indiana and the public at large. We shall GER
tainly expect and anxiously await an editorial
from the Tribune to this effect; and in fhe
meantime We urge that the approaching cleo
ton in Indiana shall be controlled more BY the
honesty than by the politics of the candidates.
The TMBrNE AGAIN N Hor WArFE.-A
committee Of Congress has been appointed to
investigate the charge made by the Tritaae
in relation to the exploded job Of the old
LteRiyencer, by which the proprietors Of that
lively sheet clutched al $4,000 Of the public