Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1865-09-13
lFrom the State Journal, Sept. l2.l
Conditi n ofthe State Treasury
Rcjoinder Of she Special Examiner to
the statement of the Treasurer
: he Editor Of the ohio State Journal:

/
To The Editor Of the Ohio State Journal:
did not before suppose, that in relation
to an official document, founded upon OIL
cial accounts and the testimony of DR.. Dor
sew, himself the Treasurer, that 1t would be
necessary to enter upon q side issue consist
| ing OF personal abuse of the motives OF the
Examiners, Dr.. Dorsey has made thai is
sue, and he shall have the benefit of a reply
1 He says ''the spirit of malignity which run
through the Report, was prepared for,
because it was exhibited from the, time MIR
OdIin entered the office" Whether there
Is IN the Report any spirit .of, Inaligni1y,
thestyle and manner Of the Report w1ll an-
SWIFT To the latter clause l answer tllht
DE, Dorsey and myself have alwayseDeen
friends; never had any private, business OF
political collision; and none could regret,
outside of DR.. Dorsey, the necessityof max
ing the Report more than myself. AS to my
showing it to DIR. Dorsey: l called upon
DIR. Dorsey the evening before the Report
was signed, and asked him II he desired 10
see it,. He replied 'that the Reports were
usually made at his desk in his office, and
the copies made by his clerks. lie would,
however, like to see it, promised the
Doctor should see it in the morning, Dut al
terwards, at night, understanding 1t might
he possible that the Governor was well
enough to hear the Report, i left next
morning for Cleveland with the Report,
leaving the copies with the Secretary of
State. Such is the simple reason why the
Doctor did not see the Report. The essen
tial facts of the Report are his own testi-
mony; the figures and exhibits are from his
! office, the Report itself is from them, and is
only entitled to authority as 1t is sustained
| by them. 8fla ~ trr1stgtlH tirs Hr.p B,i,Es
The only other personal remark to which
| shall alllde islis remark on the phrase
ology of the Report, in which, speaking OF
the impossibility of Identifying the bonds,
because neither "Williams nor Wallace have
any designation or entry Of the numbers OF
the bonds to confirm the Treasurer III his
statement" This, the Doctor says, was "a
suspicious and unmanly insinuation.nr !
answer that the public, for whom the ex-
animation was made, had right to under
stand why this confirmation could pot~be
had, and the reason is simply stated. If
however, the Doctor desires to miscon-
strue the language as suspicious and unh
ma1ly,n desire to remind him that ''sus-
picion and unmanliness' are terms depend
ing upon circumstances and occasions, and
that when he himself has admitted that he
had used $4,000 of the State currency, as 4
loan secured by colaterals 9of bonds and
certificates of Indebtedness, the public may
not so clearly see tine propriety of such a
charge for such cause, made. by him
against official Examiners, or that In II they
were over suspicious and unrnanly:' AS
to the coin deposits, it may be, and no doubt
Is, as the DOutorlstated 1t. that hemade q
report to the Senate inlS64, under Especial
resolution of the Senate, The Doctor says
Mr.. Odlin was then in the House, and
& Il sf nd
printed Notwithstanding this peremp-
tory statement, | did not see it, and it is
wholly immaterial if l did. The transac-
tion is the question. Upon this examina-
tion did ask, and converse freely with DIR.
Dorsey as TO the gold deposit; and received
the statement from him., Our design was
to stop this practice. If the Doctor meant
by this statement that did not converse
as member of the House with him, that Is
already assumed.
The Doctor further says, 'That the Hon.
w. s. Groesbeck, when in the Senate, de-
clared that the Treasurer had rightto sell
the gold In the Treasury, and certJytnhe pro-
ceeds."g ~k5 ~ sN-s--- z.-stK
However we might differ about that, es-
pccially as the Legislature refused to passa
resolution to sell it, that is not the question.
1t is not selling the gold and ceTtJyingtte pro-
ceeds Of it into the Treasury II Is recetctqy
the gold Of others into the Treasury ytvtng them
currency to make money, and az the same time
permitting them TO haze ae opportunity to aoatch
the gold market, and sell out schea theycan get
the best price. .t,./ .,,
The Doctor says $50 sure am of ny
riqtt to make such an exchange, that should
not hesitate to take $4,000 in coin for $780,
600 in paper if offered at any time.
Now, not admitting the right of the
Treasurer to tamper at all with the funds
of the State, / beg leave to say that DR..
Dorsey, i'm the passage just quoted, has.
specidlly asserted his right to do one thing,
while the report asserts that he has done
another. .,4. -4g-.l.e.l q pi.YIt,d
Neither the report nor DR.. Dorsey state
ment show that it was made as asimple ex-
change of coin for currency, but that he
permitted q party to receive currency out
of the Treasury of the State and deposit
coin in lieu of it, to be held for the party
until such time as he might replace the
coin. In other words, If this party wished
to hold his coin tor speculation, he could use
the currency of the State for a certain time
in lieu of 1t, and then replace it, take the
eoinand have the benefit OF its appreciated
value, If such there was. '2.-a'h ,,'.3- 1'l+ -
.oI II such are the uses OF the Treasury ofthe
tts
it, as we are by the boldness with which
the propositionis put forth! Such o, Treas
ury with gold deposits, would be a good
operation in Wall street-answering the
purpose of the New York Bank combined
deposit. n ~ .r3t.65.r 4 .sa.sgori.s. a.;
But we must protest, as we have, against
any such uses of the Estate Treasury, and
as the Doctor AYERS the right to 60 into the
oold business so largely, furnishing the own
ers of the gold with currency in the mean
time, SO that they suffer for no lack of funds
to operate on outside, we are better satisfied
with the necessity of the report and the
principle established on this business, in the
small way.
With regard to the matter of Bartlitt &
Smith and the franklin Bank Of Columbus,
YOU say These gentlemen assured me that
Mr.. Odlin expressed himself perfectly sat
isfed with their statements, and furtherde-
clared that "he considered the condition of the
Treasury htghly creditabie TO the Iredsures." -
This, you.s say, was about the middle of
June. 1t Is not important to the people
what may have said about the condition
of me Treasury. The question; lis, ywhyt
do the figures and testimony say anl When
those gentlemen, or either of them, indOrse
that statement and assure ME that they
adopt il. Ioshall answer it. ItjwOuld be
improper for me otherwise to draw them
nersonally into this matter. But i have
TO deal with you,y Doctor. We dealt with
YOU kindly. We desired to present no
matter as was not presented upon oath,
SO as 10 raise no questions OF personal
yeracity. You have assumed to make
a atatai1anty as coming from those gentle