The Albany register. [volume] (Albany, Or.) 1868-18??, 1870-05-21

mills, is question am unable TO an
swer. w. G. JOHNSON.
Subscribed and sworn to before me,
May 18th, 1870. f. q. McCowN,
Notary Public, in and for Oregon.
From the Statesman of the 18th inst,
we get full expose Of
SCHOOL FUND IRA NsACTIoNs-sHOW1NG
WHO swINDLED THE FUND.
We give below the names of the only
two men who have ever swindlcd the
school or university fund by payment Of
deprecated currency in place of coin bor
rowed.
B. F. BoNHAM,
the candidate on the Democratic ticket
for Judge of the Third Judicial District,
having borrowed coin, on the 9th of
March, 1865, paid the County Treasurer
$40, and on the same day paid the
State Treasurer, 1878, both amounts be-
ing raid dollar for dollar IN currency
aeorth about t,co-tAirols If the aaones. Dor
ro,oea. These figures are taken from the
public records and will not be denied.
BEN HAYDEN,
the apostle of Democracy in Polk and
Democratic candidate for Legislature,
offers the following interesting record:
The commissioners of the University
Fund, as any one can learn by applying
to the agent of the board have Ben. Hay
den's note, dated Nov. Is, 1861, for s164
| at that time all transactions were on
coin basis-secured by mortgage on
s' river lot No. 2, section l, N. E. quarter
of N. 4. quarter, T. south, r w" in
Polk county. The only payment on this
note is dated April 5, 1867, Cat which
time currency was worth only 20 cents),
and I. r. Moores, agent of the Board,
has certified on the back of the note that
on that day Ben. Hayden paid him $500
currency He owed the University Fund
5000 coin and paid currency worth 20
cents on the dollar.
RECORD OF AN HONEST MAN-JOsEPH O.
WILSON,
Republican Candidate for Congress,
gave his note to the University Fund
Commissioners, Oct. 18th, 1858, for S 180,
with interest at Is per cent per annum.
The interest was paid up at that rate un-
til Oct. 18th, 1861, at which time the
then State Treasurer, Hon. J. d. Boon
employed his legal services to forclose q
mortgage given the Fund by j. f. Par
ret and wife, for 81 200 for which servi
ces he was to receive $50, the same, BY
agreement, to be credited as payment
ON his note, held by the Treasurer a.
above. This note was settled as follows
Amount originally borrowed ................S1T OF
Interest from Oct. 18th, 1851 to Dec. 22d,
1866, at 15 per cent. per annum. 132 A
Total Prin. and Int. Dec. %, 1866 $500
CREDIT.
BY legal services in ls6I.....S SO
By coin paid Dec. %, 1866. 100
BY currency paid Dec. 22d......
'66, $500 at t7e3c...............-I51 so
1902 s.
We call attention to the fact tina
Judge Wilson paid Is per cent. interes
at the same time Hayden and Bcnhan
were only paying 10 per cent, and tha
he paid full interest from Oct, 1861, t,
Dec. 22d, 1866, on the $50, which shoult
have been credited at the time. IL
overpaid the interest S37 so. He pai'
more interest than he ought, and hi
case offers proper opportunity to
equitable adjustment"
The account should have been settles
thus:
Oct. H. 1851, Principal Interest being paid)sI70
CR.-By legal services '6l.................... 80
Amount at -......Sl20 U
Interest to Dec. 22d, 1866 years months
and 10 days at Is per ccnt-..... SO
Amount justly due......... ;;......s2ls
Paid coin, n,....................... .....SlUO
currency, ,,..................- ZVU
Leaving an actual cash balance du
i Judge Wilson, in coin, after payment Q
note and interest of $40 90.