The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-08-30

school tax proper amounting u ~
29O, 759 90, which, although a State
tax, and paid into the State Treasury,
was Immediately distributed back TO
the counties according to the NUMBER
of school children in each, for the
purpose of carrying on the Tree
schools of the State.
/ hope the Democracy Will excuse
us for not having initiated their eX-
ample in applying these school taxes
tn q nurpose different from that for
which they were collected. y.
Thus you see have efectuaIly as
posed Of the SegltineFs sham tapuIaE
statements, as to the increase OF AK AK
tion under Republican as compareu
with Democratic rule.
AGENTS OF STATE.
Now let us give a little more at;
tention TO the financial lame ducks OF
tbe Indiana Democracy. Look Tor
moment at some of their agents OF
State. Ger M
Lord. retired from that Office in the
beginning of 1859, / believe. If
Colonel Norman EDDY, the present
Democratic candidate tor Secretary OF
State. may be believed, Mr.. Lord,
upon his retirement from Office, tor-
got to pay over balance of funds IN
his hands belonging to the State,
amounting to SIC. 359 50. By a. joint
resolution passed by the Legislature
in 1859. Norman Eddy, Jehu i, Eli
lott and William I. Otto were ap-
pointed a committee to investigate
and report as to divers claims sup
posed to be due the State from sun
dry persons. In the report of these
Commissioners, which you will ind In
the Documentary Journal of 1861, on
page 256, it is said that, upon their
calling Mr.. Lords attention to the
fact that the books of the Auditor OF
State showed that he owed this
amount, he expressed the confident
belief that the sum charged to him
was too much, and asked for time to
make an examination, which he said
would have to be made in New York.
The Commissioners gave him time
without objection; but when the Com
mission met again months afterwards
Mr.. Lord had made no investigation,
and concluded TO settle at the figures
shown by the Auditors books, pro-
vided he could get time, and this be-
ing granted, he executed to the State
his three notes with security, each for
So, 695, payable at Que, two and three
years with interest; and it is due to
MIR. Lord to say that be paid these
notes at maturity. But the complaint
is that Mr.. Lord. by wrongf1lly APP
plying the States money to his own
use, cOerced the State to grant him a
long loan at low rate of interest at
a time when the State officials were
selling the redeemed bonds of the
State at tWo-thirds of their par value
to get money with which TO pay the
interest on the foreign debt of the
State and to carry on the State Gov
eminent. If the credit of the State
was so low, and the reputation of the
so unenviable that it
was necessary to sell the redeemed
bonds of the State at two thirds Of
their par value to get money to carry
on the State government, surely the
State was in no condition to lend
money to Democratic ex officials on
one, two and three years time at six
per cent. interest, 1t was, however,
Just because such transactions passed
fer orthodox Democracy, and were
common, that the State was as desti-
tute of credit as it was possible for 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. @. Stover, an Indiana Dem.
ocrat hailing from the county of
Mr.. Cravens 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
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
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 involve. Col.
Hudson succeeded in securing and
cancelliDg about million and a half
of these fraudulent. Democratic, Sto-
yer bonds; but the public having got
information of their issue, no more of
the fraudulent bonds could be pro-
cured for cancellation; the genuine
stocks of the State were excluded from
the New York Board of Brokers, and
Indiana five per cents fell from ten to
twenty per cent. Some weeks ago, in
a short speech which l made at Tip
ton, stated the amount of these
fraudulent issues at $1,000, 900,
and l was afterwards inform
ed that a Democratic official OF
Upton County had offered to bet a
Republican 500, that I 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. / now
amend the statement aud give the
amount Of these issues as having
been about 50, 100000, and quote as
my authority for the statement the
report OF Hon. Joseph E. Mcdonald.
which viii be found In the Journal of
the House of Representatives of the
regular session of 1865, commencing
on page CAB. The General Assem-
bly,, at its session in 1868, passed a
concurrent resolution authorizing the
Governor, Auditor and Treasurer of
State to appoint a Commissioner to in
vestigate these fraudulent issues, and
to procure their surrender and can
collation..
Mr.. Mcdonald was appointed under
said resolution. and reported to Gov.
Morton in January. 1865, and it is to
this report that / refer. In this report,
at page Go, of the House Journal al
ready cited, In speaking of these
fraudulent certificates of stock, Mr..
Mcdonald says: They we're simply
forgeries, having been eountersigned
in the name of an Agent of State
not at the time in Office, and were
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