, 1873-02-25
ANOTHER BOND ROBBERY,

Another example OF carpot-bag spoliation has
| just been brought to Light by an official commu-
nication from tho Attorney-General Of Florida
to GOV. Hart, consequent upon d resolution
OF inquiry introduced in the House of Represon-
tatives Of that state relative to the application
Of "a 0oo GOO Of State bonds, issued in aid Of the
Jacksonville, Pensacola d Mobile Railroad
sold by tho United States Marshal, un-
less prevented by judicial authority.
The statement Of the Atto1ney-G General
attests to the folloTing facts: It first recitea
statement made by s. ": Hopkins i Co., Of
New York, agents of the Company, accounting
for the proceeds Of {, 300 bonds, sold in London,
from which it appears that, upon the order of
the rnilroaa officers, Hopkins l. Co. disbursed q
sum exceeding s600,oo0, Of which not moro than
e175, 600 we're applied to the construction and
equipment Of the road. OF this amount, $780,
600 we're paid to parties from whom Milton s.
Littlefeld, President OF the road, purchased
stock in the Florida Central Road 950, 900 toone
Aaron Barrett, On nccount Of con-
sAA~b H4tA 1A+A4044E4AS Vuos1IQ W Il +fQ13O k1LO-
lima railroad, to satisfy claim it had
against Littloae1d; s105, 1000 to brother-in-law
of Litt1efeld; $4,000 to one g. ". swepeon;
and 800, 900 to q Tennessee bank, both Of which
payments we're On account Of private transactions
Of said LitEefeld. An examination OF the &C
counts Of Hopkins T. Co. shows that this firm
had very good thing Of their Own also They
admit sale of $500 bonds, for which they give
credit Of $997, $50. while in reality tho amount
received for the bonds equalcd 8, 400 900, show
ing subtraction OF s4o0, 900, OF 81 per cent of
the amount for which tho bonds are stated TO
have been sold. !
The Attorney General further states that
! 200 Of tho 1000 bonds remained in !
the hands OF Hopkins 4 Co., in October, 1871.
and are specified in deed Of trust made by the !
Company to F. Il. Flagg and @. L. Chase, and !
we're 50 conveyed, to be applied solely to the |
construction Of the unfinished portion Of the |
road. It is then alleged that, under power Of !
attorney from tho Railroad Company, 19o Of the !
bonds we're plsced with L. P. Bsyuo, Of New |
York, 165 Of which Chase sold, giving to Bayne
9100, 900 in gold, to be credited On an account |
which he Bnyne) had against the railro.d,
to s2oo, GOO, for breach Of contract
made by Littleaeld with him. This claim Chase
iquidated for 815o,ooo, agreeing to secure
Bayne for. the additional $4,000 out. Of
tutu1e aales Of bonds. Chase, as agent
ot the road, also agreed to pay Bayne from sales
IT bocds and other resources OF the road, $780,
700, which Bayne claimed he had advanced to
Littledeld for the purposes ct the road. and also
tsreed With the agents Of the Western North
Carolina Road to apply 100000 out Of the pro-
oeds OF the, sale Ut the 1900 unsold bonds, to
,ay On account Of d debt due to the road from,
In addition to these acts, Chase and
'tlers formed Credit Mobilier under the name
# the F." "FloTida Construction Company" and
'btained decree in New York court providing
or the sale Of bonds remaining uusold
nd the payment OF the proceeds to tho North
'arolina Railroad, Bayno, Chase, L;ttledeld, and
ther parties inside the Ring, upon various pre-
exta.
Meanwhile. how is tho road progressing. for