Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1863-02-04

ieek that the EitsrrJ Fund had sustained lsssss,
rom ing tht01sh tefiss o. yeats amounting at
this firbA in fbs estimation Of the Superintendent
to.seventy five Is 90 hundred thousand dollars
These losses ID oeeutred not as sisted by the
corr espondef Of the Salem Press. on account of
the bonds having hssn "misplaeed," but for tie
res ION that proper attention had not ben given to
the Interests Of the Fund, in the failure in many
inst ances to collect interest whenduc and to make
rei1vestanents, &c, and is Wal. for these reasons
that the Board should be authorized 70 select com
pet mt officer whose special duty vodld rsquirshin
g i active and vigilant in the management Of the
Lit e ssay raud The h GespSadens bad ,hs:
pu ,lishsd III the FayettayilM 0bssrvsr. :
INF sdqsther desired VI say that the lste incum-.
BENT Of the Treasury Depsrtpent Was in no wise
res ponsbe foy the mismanag cement Of the Literary
Fu'od-and II the correspondent of the Salem Pres
intended @ reject upon him on that account, he
had done him gross injustice. The bonds and 9th
evidences Of debt belonging to the Literary Fund
had been during his whole administration until the
12tli Of October 1852 in the keeping Of the Ltera-
ry Board, who kept them in boz which was de-.
posl1ed in the Treasurers Office, the Secretary of
the Board retaining the key.
Inc this connection Mr.. s. would read alettef
from his Excelieney, the Governor, addressed to
him This morning, and detain the Honse no longer.
EXECUTIVE OsrlcE Raleigh, Jan. ~, 'es.
Asna He Commons Fressnt.
D EAR Mr.. D. W. Courts, late Public Treas
urer,i having called mY attention to statement i'm.
pute = to you in the House of Commons, made in
rela lion to the bonds belonging to the Literary
Fupd and which reflected ,1poa bin, at his request
! b: i've to make the following statement: That al
tho tgh the law requires the Treasurer to keen The
fan es Of the Board and b responsible for them nre
Ic, = to my coming into Office, he had never done
sol tho Board for some reason retaining them in
the hands Of its Secretary, who kept them in tin
box which was merely deposited with the Treasu.
rer, the Secretary Keeping the key On the first
neefing o. me BOARD, under my administration, in
Oct bber last it. was resolved to- place the funds ~
sol ately in the hands Of the Treasurer AZ the lav
required NJ. Coarts was accordingly sent for
the funds delivered to him. and bis receiut taken m
the 18th OF October, 1852 This was the first time
- I am assured, that Mr.. Courts ever bad actual
pos session Of them N"'
While, therefore, the statement made in nv frat
reg nar message, that the fund had suffered loss for
wailt OF proper person to look after and collect
.ne VARIOUS sums que the Board was true, yet it
doe not follow that the blame attaches to M
70 orr, who was never put in Possession nor was
IT. ny 'ntsnt'oa to reflect on him. Neither do
VI ID to be understood rs rejecting upon any of the
in mer Boards; for in general the affairs Of this
faI I'd have been we'll and economically ADMINISTERED
In losses referred to were the necessary coase.
qps !nse Of making It the business Of toe MANY Der.
son to eoaIsct instead of having some ons coupe
ten persoa 10 losk asr the shifting and uncertain
sec sritiss Of private bonds.
shall be glad if this statement shall do Justice to
Mr.. Courts
Very respectfully,
Your ob't ser1't,
z b VANCE
apers which have copied the article to which |
my remarks refer, will please publish my explains
ito o. F. T. SHOBER