The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-09-01

bonds of the State at two thirds OF
their par value to get money to carry
on the State government. surely the
| State was 10 no condition to lend
money to Democratic ex officials on
one, two and three years time at SIX
per cent. interest, 1t was, however,
inst because such transactions passed
fer orthodox Democracy, and were
common, that the State was as desti
tute of credit as it was possible tor a
| State to be.
Mr.. Lord was succeeded in the Of
fee of Agent of State by Colonel
James A Cravens, who had for his
| deputy ID. @. Slower, an lndIaoa Dem
ocrat hailing from the county Of
/ Montgomery. Mr.. Cragens resigned,
and Governor Willard appointed this
man Slower his successor.
SLOWER FRAUDS.
In 1861, Colonel r. N. Hudson was
elected as the Republican successor
to Slower. and soon discovered that he
| (Stover) had fraudulently issued a
large number of FIVE per cent. certif
Gates of Indiana State stocks. Mr..
Hudson used every effort in his pow
er to get these stocks surrendered By
the holders to whom they had been
hypothetical for Stover's benefit, so
| that they might be cancelled without
that injury TO the credit of the State
which the public knowledge of their
issue would be sure to inVolVs. Col.
| Hudson succeeded 10 securing and
c4ncelliDg about a million and a halt
of these fraudulent. Democratic. StO
YER bonds; but the public having got
| information OF their issue, DO more or
| the fsaudultnt bonds could be pro
cured for cancellation; the genuine
| stocks of the State were excluded from
the NewYork Board of Brokers, and
Indiana five per cents fell from ten TO
twenty per cent. Some weeks ago, ia
q short speech which made at Tip
ton, l stated the amount of these
fraudulent issues at % 300 900.
and was afterwards inform
ed that a Democratic Official OF
Upton County had offered TO bet q
r publican 500, that had not told
the truth in that regard. | am glad
my Republican friend did not take
the bet. for | had not really told the
whole truth on the subject. I now
amend the statement aud give the
been about 81 440 600, aud quote as
my authority for the statement the
report of Hon. Joseph Il Mcdonald,
which will be found 10 the Journal of
the House of Representatives of the
regular session of 1865. commencing
on page 643. The General Assem-
bly,, at its session In 1868. passed a
concurrent resolution authorizing the
Governor, Auditor and Treasurer OF
State to appoint Comm ssioner to in
vestigate these fraudulent issues, and
o procure their surrender aud Can
collation..
Mr. Mcdonald was appointed under
said resoluaOn, and reported to Gov
Morton IN January, 1865, ana it is to
this report that refer La this report,
at page 645. of the House Journal al
ready cited. Ia speaking of these
fraudulent certificates of stock, Mr.
Mcdonald says: They were simply
torgeries, having been countersigned
ia the name of an Agent of s
not at the time in Office, and were
issued after the repeal of the Law au
thoriziDg the use OF the blanks which
were flied up"
Mr.. Mcdonald succeeded in getting
quite a number of these fraudulent
certificates surrendered for cancela-
tioo; but, according to his report
there are still outstanding certificates
to tho amount of 1874, 900 Slower is
still a Democrat 10 good standing,
aud as much In favor of reform as any
NJ 4rioa County Democrat dare 20 be-
| have already shown by quoting
from McDOnsld's report that this
transaction on the part of Slower was
forgery, pure aud simple. The Of
tense having. however, been commit
ted in New York, the offenders could
only be prosecuted there. Governor
Morton accordlnRly caused Slower and
his confederate. Hallett, to be indicted
in the city of New York; and, to rem
der the Democracy of the entIre trans
action unquestionable, a Democratic
New York Court quashed the indIct-
ments on the ground that it was no
offense to forge Indiana certificates of
stock 10 New York.
JOHN G. WALKER.
Colonel Hudson was succeeded in
the Agency by Colonel j ohn q. Walk
err, whose labors in the dissemination
OF Sunday school literature have Civ
proportions. II la0ors in that de
partment OF the Democratic vineyard
made it inoouvenIent tor him to be at
Indianapolis at the session of the
LEGISLATURE commencing in January,
1865. and hence VIC have no report OF
his official proceedings as Agent of
| State. All we know about him Is de-
| rived from the statements OF his Re
i IL ar
made In his report o, Nov. l, 1866
Documentary Jnurual, 1857. part 1,
page 4. Judge Busklrk, after saying
that he took possession of the Agen-
cy on the 2lst day Of February, 1865,
uses this language: Colonel john
Z. Walker, my predecessor, was not
present IN person to deliver TO me the
| possession of the office, but was rep
resented by his brother, Mr.. james
Walker. who paid over to me the
sum Of $l1,832 rs. This be repre-
scented as the amount due to the
State from Colonel Walker after de
ductiDg ten thousand dollars for two
years salary and the expenses of the
Agency. As | had no means at the
time of asoertainIng the true cOndI-
ton of Colonel Walkers Liabilities
10 Cue OtaIe, Uecilueu 10 give re-
ceipt in full, but receipted for the
amount paid over"
This exhibits a new Democratic
short hand system OF book keeping
as far removed from everything like
red tape as 1t is possible for such a
transaction to be. Instead of draw
ing his salary and expenses through
the accounting officers of the State,
be dispenses with all such old fogy
formallties aud audits his own ac-
couuts, and retains, out of the fuods
placed 10 his hands for an eutire
ly different purpose, his salary and
chat he himself decides tn he riOht