Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1865-03-02

y Joi" - ~ '.'"be', "hu "v'h WIZ osi 40 "6e"s
: Of Dr. Gwin. ,
, TuE U. s. BoSDs.--We published seyera
, weeks ago an article from tho Houston
Telegraph, in regard to the U. s. Bonds ia
the Texas Treasury to the credit of tho
/ School Fund, at the commencement of the
war in which the editor expressed q hope
that they were still in the'1rcasury, though
he had seen no notice Of themin the Treas
Jury reports for several years. correspon.
dent of the Telegraph gives the following
/ account Of the disposition and whereabouts
u of these bonds, from which il will be seen
/ that, if they are even OF any value rs evil
dcnce of Indebtedness against the U. g..
the larger portion of them are hardly come
at-abe:
i BY act ofthe 9th Legislature they were
4 placed at the control Of the Military Board
then consisting of Gov. Lubbock, Johns and
! Randolph, and was thought could be made
i useful outside the limits of the Coniederacy,
in the purchase fanny supplies.
To that end, 100000 Of the bonds were
placed in the hnrds Of Geo. Giddings, Of San
hAntonio under contract, in which the Mill
tary Board agreed topay him 30 per cent TO
invest them for the benefit of the State
They were taken to Matamoras, and after
f8iling intheirinyestment we're finally lock-
ed up in the cafe of n certain mercantile
honse,there and placed to, the credit Of the
Military Board. | understand they have
been returned TO the Treasury, minus the
coupons then due, which answered the same
i.ntc
Subsequently,, the amount Of theccnpons was
returned to the State Treasury by Mcssrs r.
SD. G.. Mile. then operating in partnership
with Mfr. Giddings, aud paid in Confederate
money. That accounts for 100000, with
the loss Of the interest due to date Of said
operations.
Next revolution Of the wheel Of fortune
broughs 10 l;ght.il,e more distant scheme of
the Board, attcn led With like results, in
which Milton Swisher, Of Austin, was Dies
patched TO England, with over $4,000 Of
the bonds, and few thousand in coin
said 10 be of the School Fund. He actually
succeededii in reacliing Eneland--aiide enter
ell into contract for the whole amount of the
bonds, estimated OF so cents on the dollar.
The parties, previous to closing The contract, 4
submit a the question Of the validity Of the
bonds to the law Office Of the Crown, who
proucunc them az good against the United
States. Thetrade was consequently cpnclu- /
ded, but before tho goods could be packed
and shipped foi MatamoIas, the Englishman
forwarded The bohds for payment TO his
hankerat New York, 'andthe return steam- (
er brought hiai the astonishing declaraiion \
from tie government OF the United States,
that the bombs we're rerudiated, and could
not bep,lii The EnglisIman then seized
npon the goods i,ndor legal process. So,he i
law question mud bonds renrained TO 6ghtit I
ont in the Courts nf England, with no one to
representthe interest ofrexas In the mean 1
time Mr.. Swisher was fortunate enough to |
sentsrinto anew contractfoithe bill goods, I
und became personally responsible for the y
payment The aarmy supplies were ac-
cordingly shipped 10 Droege, 0etling \ Co.,
mt Matnmoras, and bccamethe property of
Mir. Swisher SO the poor, unfortunate, (
short 81 silte,l, but patriotic military board,
WAS again cleft ont in the cold
The bonds wore locked upin the safe of n
same house in London, whore they remhin, 4
presume, to this day, aud possibly witt the /
coupons due clipped off. That accounts for
100000 Of said bonds. Another Agent,
proffting BY the experience Of the past, was /
sent to Monterey with d large amount, and
understand they were locked up in some
merchants safe in Monterey, probably Pat. |
Milmos alias Don Patricio Milmo, etc. 4 |
am not informed whether or not they have
returned to the Treasury. Whilstthese OPP |
crations were going ON on grand scale, and !
resulting in nothing butindiyidnal specula-
iipr another Agent rus sent out .ghQ ops \
~ ia On tho astnall and MAS alone sue
cessful.
4 Under the belief that something could be
done IN and about the neutral ground, or
vasciila,ing army lines of Tennessee and
Kontucky, the Militrey Board dispatched 2.
Murrah, with twenty-five or thirty thousand 4
dollars Of bonds to see if any market could
be found in which the bonds Of the "sick
man could be sold for Confederate money,
and understand his mission was success
ful. and like the successful Dove sent from
the ARK. returned with the evidence.
These constitute the operations Of the Mil
itary Board touching the . per cent. .. 5.
bonds, and unless recovered, are yet scat
tered 10 the four winds Of Heaven. Cover
nor Lubbock and his Military Board opera
ted upon the assumed opinion that the ssick
man would die ins6lvent before they could
realize nything cut Of his goods and ELECTS
and made great hasti TO push the paper to
final payment, but always failed. Had the
bonds been gi,enin the rightdireciion, thoy
could hive been of great value to Texas
Z Nav h IL TOO iath. for the credit OF the old