, 1870-05-09
AN OLD SCORE SETTLED.
A Democratic Debt Saved to the Stats
of Hudl Aun.

Fro.a the Indianapolis Journal Mdy5.
The people Of Indiana are familiar with tho
celebrated caEe Of 1.-THE State VIE billiard
Mcketts ct ar which involves The e133,000
distracted from the Common School Fund
greatly to be feared would never be recovered.
Ii is a matter Of surprise and qualification to be
able to announce, this morning, that this debt
has been recovered, BY Republican officers, the
State and school children saved from loss, and
for the administration OF the Republican party
In 1854 Mr. ". 4. Talbots was President
Of the board Of Sinking Fund Commissioners,
which then controlled the School Fund Of the
state. Ihcro existed il the city Of New York
he s.nng h9nss ! Of f. iisra efsits ST. ths
member II tho sinking Fund Board, and Alr.
Simmons, blotha1-in.law Of Lyons. Some time
Talbot that he "would like to bo compliment
cd With srnal deposit acting upon Which
suggestion deposits werp made Of the school
moneys in Lyons 4 Co. q F.t,k, amounting to
| a1s3, ,:28ltz. Then edcceeded SONG gold
Dsnocrats II this city, Who operated through
| Lfona i Co. as their brolers- To cut =
| lsns matter short, these Democratic apecula
fons, on the defeat Of tho Federal Government
ly tho Southern rebellion, proved disastrous,
md L,ons : Go. su.pendsd with this lasgs
|
| depoeit Of hr. Talbot, Tho latter succeeded
in obtaining collatera1s to tho amount Of s53,-
600, with security, which ware aftefMA1ds real
iztd upon during the incumbsney Of Auditor
McCa1ty, leaving stu unpaid about S@oeo.
until the gold gamblere made good their
q shorts, Lyons 4 Co. alleging that tho IN
J de1standipg with Talbot was that tho stnk-
! inR fnnd deposits were to be consadeEad mAz:
gin for the operations of John u: 'I1iooft auo
Mr.. AauillA Jones'. This is briefly the story,
rs xppea1a Of record in the report q the Leg:
The Democratic abstraction Of ss0,000 dol.
Lrs vas still unpaid when Auditor Evans came
INTO Office. Suit mas entered in Clarke County
and Judgment obtained against Ricketts, FOL
the outstanding amount. It appeared impos
slble to realize anything on tho Judgment. hui
By Vigilance and ailll, Mr. Evans has at las
co1npelled settlement, On Monday Of tht,
week caah and ample securities being turnet
Fund intact. to the full amount Of the pfancl
nj Of the debt, with ei1 per cant iuteres
from tho dhta Of ita abstraction.
In announcing to tho people Of Indiana thi
very plcAsing fact, two or thrcc prominent re
Hectious seem proper to enforce upon thc1
s,,..:>~tinn:
!. One hundred md til three thous.n
dollaIs Of the school money were taken by
) Democratic official, and deposited iu bankin
house about whose financial eoundness i
thosc troublons times, TO say tho least, ther
was 4 rcreonab1e doubt. However homes
the intention Of Nj. Tllbott in making the do
pcsit might hare been, it was considered BY to
: gambled in gold against The l!ff Of 0e goceTn
1nenL
z The State WAS y loser to the amount q
; eighty thousands dollars the collection {
which Was devolEcd upon Republican othcaal
It is safe to assert thst had the Auditor bee
DemocAtic, and the Administration Demo
cratic one, not one single dollar would eve
have been returned to tho State Treasury.
: .. That no atternpt was made, or dispos
| ton svinced, By these debtors to the State
| tact 81 the Republican oficials, they wer
placed in : position where they were absolutel
! compelled to make settlement.
! 1. This is the dr1t time, within our reco
9 lection, where the StAte has ever recovered Il
l full aH7ount Of such debt, With legal rate {
9 interest We believe We are safe in assettin
t that it is absolutely the first tsne in tho HI
9 s. Through tho honeaty and faithful lab<
d Of Republican officials, the school childran
0 Indiana have been eAved from serloua 10
: Of the portion Of tho fund eac1edly set apAt 4
t tboir education. tho Common School Fund b
4 ing now as il the abstraction had nave1 be.
mxde the interest being paid just "a thouf
the money had been lying constantly in u
vaults Of The Treasury.
lne<ep pon14 afe pfppaf 70 u1Ae, II NOV
!" the adjustment Of this celebrated account,
the face Of tho almost daily sermons the Sen
1t mel and other Democratic papers Arc preac
ing about the necessity Of = return to pow
Of the Democratic party. We cannot refra
from complimenting tho State upon the ses
ices of Hon. John D Evans, the Auditor
l, State To his untiring industry, md faitht
d. aud re.sevesing Efforts, and more than or
y nas3 business tact and ability, u due The 81
i cessfuI closing OF this extraordinary trans:
T. ton, Tho voters Of the State will Ee1ne1nt
lin with gratitude, a. thsy VIII Eomember
N Republican party, for saving them one hr
IL tlred and thirty-three thousand dollars OF
q, Democratic gold gambling delt.