The New York herald., 1865-03-04
the GREAT INDIANA STOCK FRAUD.
Report or the C0mmfssiOner Appointed
by tho General Assembly, Giving .
Full History OF tho Affair.
Correspondence Of the Cincinnati Gazette1

Report or the Commfssioner Appointed
Full History OF tho Anair.
Correspondents Of the Cincinnati Gazettel
Il will be remembered that early in the year 1862 Il
discovered that large amount OF forged and raudu
lent Indiana five per cent stocks had been issued and put
upon the Market and that the matter finally traced
TO one D. G. Stover who had been appointed agent Of
State by Governor Willard, vice Hon James A. Cravens
concealed for . time on stover's confessng his
guilt, and promising 70 make good all the
5000 COO Il was soon discovered however, that be-
tween 600 and s. OF these forged bonds
had been issued. Governor Morton proceeded to New
York. and caused prosecutions to be instituted against
Slower and Samuel Haett, who mixed up in the
matter but for various causes the guilty parties were
At the close OF the session Of the General Assembly
1868, concurrent resolution was adopted authorizing
Governor Auditor Treasurer State appoint
commissioner to investigate the condition OF the raudu
lent certificates Of Indiana five per cent stocks and 10
procure their cancellation On the 18th day
Of March, 1888 Hon. Joseph T. Mcdonald was appointed
such commss oner and his report OF his labors in that
behalf has just been presented to the Governor
Deeming the matter OF importance to at least your
Indiana readers have taken the pains to make brief
abstract of the report in advance OF publication The
whole amount Of these bonds issued near can be
ascertained was about 81 44OO OO0 They all Of
plate and taken from the same book OF blanks and were
varousy dated from February to june 1852 during the
time James A. Cravens was agent OF the state; their
issue did not however, begin until November or Decem-
ber 1S60 long after he had gone out Of office, and was
continued through 1861 and to May 1862 They were
all made payable to Samuel Hallett, with perhas
three exceptions and were put upon the market by
Halett then doing business broker In New York. for
moneys advanced them securities Up to the time
Of McDonald's appointment commissioner there had
been cancelled by Haett and Jerome under agree
ment made with them by Colonel Hudson agent OF state,
bonds to the amount OF 81 295 900, leaving still out
standing about 81 las 600 These outstanding bonds
were held by banks and individuals US folows:-
Park Bank. .4otouoo
Continental Bank. ls5, GOO 600
Atantc BANK Ao,ooS
| Blpelow Hoagland ACKNOWLEDGEMENTS. $4,000
| Manhattan Savings Institute ute............. 10 00U
| George Barkley Observation-Disclosures. 20 600
| James Cronk nkhite e......,............. 10000
| Mason a Hartshorn. Observation-Disclosures. 80, ,0000
Leonard w. Jerome All, 00r
All Of these parties claimed to be bona tide holders 10
| money advanced them to Samuel Hallett Co In
good faith This not disputed by Halet except az
TO JerOmes claim Halett told Mcdonald that he had ar
ranged with the various holders except Jerome for the
pay OF their respective CLAIMS and that these claims
then in process Of quidation and that as to the
bonds held by JEROME he expected TO relieve them of all
encumbrances by settlement He stated also that upon
gaining control of the bonds he would surrender them
the debts for which these bonds were held fol
| lows
Park Bank. $lZo 700
| Atlantic BANK Observation-Disclosures. 5000
Bigeow & Hoagland. IO0O0
Manhattan Savings Institute ............... Al 900
George Barkley AUMovO wv
Mason 4 Hartshorn. NEUTRALITY-SUSPICIOUS.. 5000
| Total ACKNOWLEDGEMENTS $207 0OO
The state OF accounts between Halett and Jerome