Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1863-03-04

,reciated paper by the sale Of better" The legal
opinion Of Mr.. Moore is claimed by NJ Courts
friends full justification Of his course, but the
letter certainly does not say SO.
!. No. is q lengthy legal opinion from Ex-Gov.
Bragg in which he fully sustains the course Of Mr..
Courts. Hedenies that Mr.. Courts had the right
to sell the State bonds In question.
No. is the testimony Of Mr. Courts before the
in which he says, that he received or.
binary currency, for which he gave eight per cent
bonds at par, and that he thinks he could have got
ten premium for them at the tme'by advertising,
bit did not think he had authority under the ordi-
nance Of the Convention to sell them.
No. is statement of Messrs. Lancaster & Co.,
of Richmond, Va, brokers, showing the market
value of N. c., s per cent bonds from March 1862
to January 1s63-being from l0l3 to 49,
No. is . statement, of the COMMITTEES showing
that if the 8 per cent bonds disposed Of ny Mr.
Courts from March 1852 to December 1862, had
been sold a, the rates indicated by Messrs Lancas,
ter & Co., the State Treasury would have saved
$322,2O7
No. 6 is q statement of the committee showing |
the amount of per cent N. G., bonds disposed Of
at par by Mr. Courts to Messrs j. G. Williams GO
of Raleigh, and Messrs. Thos. Branch & Son, OF
Petersburg, from March 1862 to September 1862
to have been s79hs4s, upon which the committee
No. is the evidence of John L. Williams, Esq,
in which he says that he let Maj A. NJ. Lewis have
nearly three quarters of million, first and last OF
common currency, for which he got orders on the
| Treasurer during the months of April, May and
June, for which he got per cent scrip at par
lie obtained amounts for other persons In the same
way and on the same terms.
No 8 il letter from John G. Williams 6 Co.,
detailing the method of their transactions with Maj
Lewis in which they say, 1--WE did exchange ordI
| nary currency with Paymaster A NJ. Lewis for q
large amount, also with the Treasurer, but we did
not by gift or any other way, compensate them or
their clerks or agents for the exchange OF notes:
No. 9 is letter from John W. Cunningham, Esq,
Of Person, in which he says, "In 1862, l bought
N G. per cent. bonds from the State Treasurer at
par with Confederate money" Again. he says,
II obtained the bonds through A. NJ. Lewis IN this
way would pay him Confederate money for the
amount wished to buy, and he would give me an
order on the Treasurer"
No 10 is letter of A. NJ. Lewis Paymaster, to
B. T, Moore, ESQ.,, Chairman of Board Of Claims,
in answer to his inquiries, in which he explains his
transactions with sundry persons, according with
the foregoing Statements and that mis- reasons Tor
so doing were to replenish the treasury-to gve IN
his opinion, a better circulating currency to pay
with, as Confederate bills passed everywhere, and
| to accommodate those gentlemen who applied ane
, wished to invest in State securities.
MINORITY REPORT.
q The undersigned not concurring in some OF thu
facts stated nor in the conclusions arrived q: oy
majority of the committee as presented in their re
! port, submits the following minority report:
q The time allowed nim to make this report IS TO
h short to permit him to recite fully the provisions
the several ordinances of the Convention for ssnin
\. treasury notes, &C. But this can hardly be nece'
4 sary as the provisions are fully set forth IN Tn
- opinions of legal gentlemen filed with and mad
part of the majority report AS to the sale OF oone
f to nav the Confederate tax in the City OF R'ehmoa
" bv Lancaster Son, the undersigned does not III
~ - derstund that any complaint is made from an
y quarter: nor does he believe that any other
~ rapgement could have been made by MIR. Courts
h raise the amount necessary to pay the tax.
r. He will barely add that the provisions OF the
dinsnce for that purpose which gave the treasur
in power to use the Treasury Notes IN saen mann an
nd as may be necessary to the payment OF SAID 20
federate tax" fully authorized him to make the
~ ranpement which he did make with Lancaster
Son. and which is fully set forth and explained
81 his response to the resolution Of this House
-. By the three other ordinances referred to In
Il. report of the majority, the Public treasurer v
;no authorized to issue amount OF Treasury NO
NIB and Bonds, not exceeding in the aggregate six
i, onehalf million of dollars. In an exhibit hled W
the said report is set forth list of bonds lssr
from some time in March, 1862 up to the goth
old ember last which, by addition, appears to De
,osa l295VO And this statement, the undersigi
believes is intended to include and does include,
.m' wnle amount of eight per Bonds issued during
w., ! time by Mr. Courts. This statement also shows
90 what rate or premium such Bonds was selling IN
a Richmond market in the several months OF Il
,raS5 ISSUE and calculation, BY which it appears q
,.v. had Mr. Courts sold the Bonds in that market
issued the sum of 1922 POT would have been res
ed to the State by way of premiums on such 81
OF And then the statement assumes that amour
ious nave oeeH oes y .ha U,ty of Richmond at ma
N nv An examination of the testimony, filed with
report, will show that this statement is very far
,nort correct
the ;,o the whole of the issues, was that of the
lIy February 1862, entitled ian ordinance to pre-
for funding the treasury notes Of this State an
ei"se other purposes :" and by which any holder OF
Is, ~ sury notes had right at any tme to fund
Sao and to demand Bonds for the same OF the Treas
ice of That large am9un' - 10 made charge
.ne renort against Mr.. Lewis the paymaster o
~ ~. trnops that he exchanged large amount OF
centA iunoaoie hotse =. 80 them in eight per
on y. Bonds and the undersigned is moreover INTO
TO- and believes that large amounts In the nanos
lily SONS, ouiei thor,fore was greatly sur,
o. at this statement after he came to examine the
'u. mony and when he saw that no deduction was
1a on account of bonds issued for Treasury Note
~ %s as to Which the Treasurer had no sort Of dsci
,rcsed out was oouhu W w 49, NIGHT What amo
terpre rom What 4ua. s',dai tho Undersigned has
o., tho this time the means Of stating de was als
easter prsed to find that the Report, after censul
late Treasurer for not selling these Bonds
-" ~ markets and thereby mourning what Is q
%,r .es heavy loss to have been
:. LII an available profit on the Bonds fully concee
] = - q osr~n
bonds TACT tnas IN Tue oP'nou ,n,ia,nen learned
he did 1t oy the Opinions y. .ha nrd;nonces I,
II three law ne nao Nv Po Ivy, - ho ;ne;sted wi
90 anu Justice and psoprety, that public officer is
. able for not doing what the law did not au
J, Pay him to 10 or that the State had sustained
yes Ina loss by such dereliction of duty? Had
insisted only as it is in one part Of the Kepo
rs and tne lreas Notss and that the issulng of tt
%. per other currency putting the State to the
md by OF some lhsefss ,rod owing to tho fact tia
, auan | Lave 30 SOOu ASuAASNi into