The daily Wabash express. (Terre-Haute, Ind.) 1857-1867, 1862-05-28

March iith. providing that On the surrender
Of any certificate Of stock the Agent shoud
sss.d q TO ths State Auditor here. Who should
ieue psw one anal register u. an % -
rccepsion At the Agency the Ageut shouia
sls, register IL. and deliver hto the holder.
NOS be registered Al the Agency. a. 30 cor.
responding registry would exist Al the Aud.
tors once. and the fraud woald be detected
Al once. by leaving them unregistered
slower was able 20 keep bis fraud concealed
during b. term OF Office. and Of course twas
Inevitably discovered the moment ono Of The
fraudulent certificates vas presented 20 the
new Agent. Col HUDSON. A Section Of
the act Of the llth Of March made void all
bonds not issued as ], required. Slower had
% elect his gigantic fraud OF 81 200 600 IN
the few days between his arrival IN New
York as CrAvenss Deputy. which va about
February ~. ls59-Cravens only qualifying
Tor tho Office on the i7th ofthat nontl,--and
the taking effect Of the aes on the lth Of
The month following; or he had to ante date
the bonds 10 a. take them out Of the opera
ton OF The new law. The probability Is that
he executed them, and put them into the
hands Of bis accompl.ces. as be had oppor.
tunity. during the whole term Of his Office,
aud anse-dated them beyond March the l2th.
1853. They arc all dated, so far a. they
have been discovered. prior to that time -
BY this operation be accomplished two. things
he made them valid in form. and threw tie
fraud into tho two months that Cravens
nominally held the oiEice. thus making
Crayens's securities responsible. II the fraud
we're discovered. and saving hi- own The
bonis. o. their face. are ia due form OF Law
aud the state will undoubtedly be rcsponsi
Die tor them unless il can be proved that
they we're actually executed after March
llth. 1859. when they would be void by e.
press provision Of the act
James A Cravens. the nominal Incumbent
OF the Office during the time thi- gigantic
fraud was perpctatcd. a. tie lace OF the
bonds show Il. Is OF course entirely uacon
nected with IL in any manner The Office
vs- in s;oser's hands all The time. either a.
Deputy or Agent. lie confessed his guilt to
| crasens. bat denied that lie had ever pfoEted
one dollar By his monstrors fraud His sc
completes on the other hand. insist that he
has pocketed $40 900 al least b, il. Il Is
hard 10 believe that man Of hic intelligence
should have left himself to a saindie Of such
magnitude withou, any remuneration. lie Is
too shFeacd 10 have been made the blind
dupe Of the Wall street sharpers. and the fact
that he has started bank at Beverly, New
Jersy, Is pretty good proof that be was not
dupe He has undoubtedly filed bis pockets
handsomely. bet hot very permanently. We
think WHY be should, even for the chance
Of large share OF the profits. have saerih-
eed bis previous good name. upou which no
blot had ever appeared. and risked the
certainty OF detection-ior his fraud could
not last through the term Of bis successor
without discovery-is a matter of profound
ast0nishment. From an honorable position,
and an enviable name. he sinks 10 tie bad
eminence of one OF The greatest swindlers OF
the age. AMI hence iorth the name Of Slower
viii rank with those Of Swariwout. Floyd,
Redpath aud Schuyler
Previous to March llsh. 1853, the State
bonds were left in the Agents hands. signed
by the Stale officers. ready FOR issuing. and
needing nothing Do. the Agents signature
70 make them valid. This criminally loose
mode OF doing business pat IN Stoser's hands
the blank bonds with which 20 commit the
fraud. Why all the blanks were not 1t once
recalled. after the act Of March the llth.
l-J9 as the Law meant they should be. leav
ing nothing ia the Agent hands With which
to commit fraud must be set down 10 the
account of the loose NAY all the State busi
nee was transacted during Gov wllari's
administration.
ltmust be borne ia mind that the State &
per cent war bonds are IN no way identified
with the ) per cents which Slower has 20
largely multiplied, and there = no possibility
Of confoundiug one with the other The 8
per cents are coupon bonds, the other. are
MI Consequently, holders OF per cents
are free from all danger Of seeing their Sc
curitios CORFU ied by the introduction Of
Stoyts fraudulent boads.-Stafs Journal