Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1863-07-09
The Responsibility Settled.

We have heretofore announced thai
Governor Morton visited New York city
for the purpose Of devising somc means
by which the July inst.llment of interes,
OF our funded debt might be paid. and the
State Of Indiana saved from rerudiatine
its honest debts. The we'll known Bank.
srs. Messrs. Winslow. Lsnier l. Co.. with
alibsrality deserving of universal com
mendstion, came forward and agreed to
advance the means-over $3.50, 900, 70
pay the interest.
They then addressed the following note
to John C. Walker. Agent of State:
BANKING 0FFIcE OF WINsLow,
LAxlER K CO.. So Wall Street,
ole New YORK, June 24. 1868.
JoHS G. WALKER. ESQ, Agent of The
STATE of Indiana. New York:
Dean SHIT being now quite certain
that the next July interest on the funded
debt Of the State of Indiana will not bc
pai1 for reasons publicly known. we have,
at the earnest solicitation Of Governor
Morton and other citizens Of that State
agreed to pay the same to the holders Of
the certificates of Indebtedness to protec,
the credit of the State. To do this safe
" to ourselves, we must take an assign
ment from each creditor Of the amount o.
interest due. with power of attorney to
collect the same when yon are placed in
funds to pay the same. To enable US te
do this satisfactorily, we must have Ger,
titled copy Of your gay roll for July, OF
list giving the names of the holders, a.
also the amount Of dividend due TO each
DC.
We therefore respectfully request thai
you furnish US with the same at as earl,
day prior to the day of payment, a.
your convenience will allow. Wo shall
expect to pay you all expenses that ma,
be Incurred in and about furnishing th,
same. ~ -
We shall be pleased to hear from yor
IS soon as convenient. Yours truly.
$50 WISsLow. LAsIER IL Co.
To this letter. on the next day, Walker
returned fiat refusal. accompanied by
very vulgar and malicious attack on Coy
ernor Morton. At the instance of th,
Governor. Messrs Winslow. Lanier & Co.
then made a second proposition to Walk
er, as follows: .fss
- ~ M BANKING OFr1cE.)
at4e Winslow. Lanisr 4 Co.
81 Wall ST.. New York. June 26, 49,
John C. Walker. Ayenf Of tie STATE o
Indiana ~
DEAR SIR: Your letter of Yesterday, i.
reply to ours of tho 24th. is received. y
We have nothing to say in reply. saw,
to express our regret that the State SHOULD
fail in paying the interest on her fundst
{ debt AS to where the fault lies in tn,
premises, it is not for us to say.
81. 1t has occurred to us. however, that W,
could shape our request in . manner tha
may merit your appreciation. 1t il this
That you shall. in your capacity of tn,
agent of the State. go and pay each cred
nor entitled thereto, on your dividens
books. taking tho receipt of each in th'
usual forn-you 10 draw your officis
check on our house to the order Of eael
B party entitled thereto, expressing on tn
face OF each check that it is given for tn
July dividend on stock thus hslI or rep
resented. giving the amount of such stock
These checks we VIII pay and hold III
same as our vouchers until we are REIN
= bursed. iaszssf s5I 4 ~ ar
In this wsy the payment can be mad
in the nsual manner. ~ the agent has 81
ways heretofore paid, by drawing hi
cheek on our house or some other aous
or bank in this city. As it is nscessar
for us to know whether or not we ara I
advance SO large sum of money b
: Wednesday next. We will thank you 70
an early reply. e se.as.s q.
1saseo sl afouFs truly -
WISsLow, LAslER d Co.
To this note Walker returneda dire
! pfujal. The correspondence speaks f
itself. The money is il New York
pay the interest in the usnsl way, and
it Is not paid. the responsibility there's
rests alone with the repuiistor's too
John z. walker, and his ssdcrs and abe