Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1865-09-09

Dorsey Handles the Public
Funds.
Extract from the Report Of the Committee, made
to Governor Brough, in June last ]
We thus find under the llth section of the
act of April, lo6s(S. and e., page l,60s), IN
the kind and character of funds herein Sci
forth, the full sum required by the accounts
OF the Auditor, Comptroller and State Treas
urer, as well as the account books and lagaI
vouchers of the Treasurer OF State The
character of many OF the assets in the Treas
uty, not being "notes OF the United States,
Ohio National Banks, or currency as we'll
as the law under the act aforesaid and The
various prJ visions of the act entitled IAN
act 10 further provide for the better regulation
OF the receipt, disbursement and sale kee ping
of the public revenue, particularly the 10th
section Is. and G, page 1889, imposed
upon US the duty OF further examination. BY
the Sd section OF the act of April, 1858 Is,
and G page 1908, Tho State Treasurer,
and each County Treasurer, is required to
keep safely in his Treasury, without loRuing,
using or depositing in Banks or elsewhere all
public moneys oil whatever character paid
into euch Treasury, or otherwise at any
time placed 10 his possession and custody,
till the same is ordered by the proper depart
ment, or officer OF the State Government, 10
be- transferred or paid out according to law
and when such orders for the payment or
transfer are received, faithfully and promptly
TO make the same as directed Such IL the
law, and it stands since 1858, without repeal
or amendment.
The condition Of the country and The result.
ing regulation have created u character OF pa
per before unknown. The State has become the
trustee o! the funds of her soldiers by her al
10 ment and bounty fund laws SO far US tho
State assumes this position, the same charac.
ter of funds received should be paid TO them
The Independent Treasury Act, with IT'S
amendments, presents no difficulty, Tor all
this is done under special acts. Under this
new state OF things, United States $40
bonds, with interest coupons, compound IN
terest notes, and the various classes oi in
tefest bearing securities TO the amount OF
hundreds oi thousands OF dollars, have been
paid into the State Treasury. The accounts
OF the Auditor aud Comp rJIler, treating all
payments as cash form no check upon the
GTsisury, and Il Q interest on these securities
IS continually atcumulating. We have en-
deavored TO ascertain the fidelity with which
this trust has been performed We have ex,
amined the Treasurer and other witnes ses un-
der oath, and submit the testin cay
II is clear in law aud morals that trustee
can not derive any benefit from a trust tund
other than his legal compensation. When
the application OF the interest bearing bond.
and notes are designated by the soldier, they
are to be so applied when not SO designated
1t may, and if still practicable, ought to 20
to the soldier, which it may by paying it out
to the soldier, without regard to interest Ali
not so used remains W th the State Mr. VIII,
lams, Pay Agent, says ia December, 1864,
he paid into the State Treasury $4,000 IN
7 3-l0 August issue bonds, coupons all GU
that by agreement with the soldiers he uu-
dertook to,and, did express to parties designat-
ed by them 8 100000. The latter sum went into
the Treasury He withdrew the $I7, 900, aud
procured from the Treasurer from $1,000 to
", 900 for Company L, and another amount
IRON the Treasury Of $40,000-all Of these
bonds of DR.. Dorsey, Stat TreAsursr--and
expressed them to the soldiers, coupons on.
This testimony sceords with the testimony of
the Treasurer as TO use of these bonds.
Mr., Wallace paid into the Treasury in De-
cember, 1864 Gay, 100000 fthe 7,30 bonds,
coupons ou At the time he received his
salary from the Cashier OF the Treasury, about
$500 in these bonds as he requested, no ae-
count being taken of interest Neither OF
these gentlemen have any designation or en-.
try Of the number of the bonds.
We have introduced these statements to
show that it is impraciicAble TO identity and
trace these bonds, aud TO confirm the Treas.
urer in his statement Of their uses,
We found in the Treasury SlOl 900 ofthese
7-S0 United States Bonds. A package OF
$50, 900 was said TO belong to Messrs Bartlitt
* Smith, OF Columbus, deposited on the 29th
OF May, 1865, to be redeemed in exchange al
the July interest We have examined under
oath Mr. Smith, with whom the transaction
was OF the frm Of Bartlett n Smith, also Mr..
Joseph Hutcherson, Cashier of the Franklin
Bank, Columbus, in regard to aEother pack.
age of 80 United States bonds, aud find the
following facts Part of the assets of the
Treasury was sealed package of $4,000 as
above stated another sealed package of $40,-
600 of Z 3,l0 United States bonds, marked
Franklin Bank, and another package OF
$ll 300 same 73-l0's The last two pack
ages we're OF the issue OF the 18th of August,
1864, coupons maturing February 10. 1868,
balance Of the coupons are on the
bonds Also two United States certificates OF
indebtedness, dated July 18th, 1864, at
one year, with interest at G per cent, each
for $1,000, making $4,000 10 all, according
10 our estimate $4,000 Of Bartlett & Smith has
been explained With regard to the second OF
$40, 600, the Treasurer aud Mr.. Hutchinson
state that he had agreed some three or four
VT eks ago 10 take these bonds for currency
or New York exchange at par, aud took the
$4,000. The Sll,900, the Treasurer says,
is allotment money, The Treasurer also tes-
ti6es that six thousand dollars Of these bonds
he held himself, and placed in the Treasury
and equal amount of currency
In regard to the two United States ceriif'
Gates, the Treasurer answers to question II /; |
"The certificates, Amonnting 10 $40, 600. be-