New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-12-25
TIE AUDITORS PURCHASES.
MORE LIGHT.


TIE CERTIFICATES BOUGHT WHILE THFRE WE'RE
MIRE OF EXPLANATION.
ALBANY, n. Y, Dec. 24.-AuditOr Thayer ap-
peared before the Canal Commission to-day AMI pre-
sented the statement which has been already published
Appended additional statements. He qualihed his
former statement, that upon none OF the purchases vi
the Sl62 $40 90 contractors named In the consul
tation with the Governor, had he or the bank realized
gore than simple interest The rate was simple
interest the time being uncertain 1t was estimated
and in some Instances there a slight gain in time by
reason OF being paid than expected at inc
time of negotiation He also said his bank liabilities
were diminished from $50 900 to 5000 by realizing on
-four 10 the amount Of nearly $4,000, which he had
been carrying IN NewYork. He also explained his
meaning of the word audit " in his testimony.
He did not consider himself called upon to audit the
certificates further than to that they were in proper
form and genuine
Mr. Thaver was then examined TO the several ale
cations in his statement and particularly as TO
his advance OF $4,000 for putting the canal at Uca IN
repair In this examination he fully admitted that the
Governor authorized suggested, or counenanced
the loan but the contrary always insisted fhst II
should Of the ordinary repair fund.- and that IL
was the plain duty OF the Auditor to pay
The Commission then took recess. At the afternoon
session Mr. Magone resumed the examination OF Mr.
Thayer. In reply to questions, lie made, among Others
the following statements:
O. You say in your written statement that the Cana,
Commissioners and yourself consulted tue Governor anu
agreed that should assist the
You then purchased Sl6264O OF certificates NJ simple III
tercstf A. Yes, Sir
A. You saw in your statement that the Governor adj
vised you you did, in order to procure the open
ing of canals the commencement OF Navigation Tor
the public good Did the Governor ever request YOU 70
buy The Dcnison certificates or had they any 10 10
with the opcningof the canilsf A. DenSon refused 10
40 on with the work unless helped.
q. Did he ever 80 Oh with the WORK. A. YES soihe
o. Didn't you know that Denison able TO 90 on
A. / knew him TO be man OF means. but lie threatened
TO throw up his work unless lie could have money
q. Did he do any work since tue l2th Of April
O Wberei A. Up at Port SCHUYLER; I heard he had.
the bill No 26O WAS passed. A. That bill had nothing to
do with Depisons certificates; IL was Hamton's.
O. Didn't you know that Hamilton was merely Denpl-
fon's foreman 4. No, Sir; never knew IT,
O. In thu interview with the Governor what statement
was made to hint A. Ny brother and myself went TO
o. What amount of certificates did you own at that
time A. Not dollars worth.
q. What certificates did the bank OF which you was a
stockholder hold A. The Osborne certificate.
Q. What did you tell the Governor in the Interview
spoken of A. My brother DID most Of the talking. aud
stated condition OF affairs, saying the contractors
needed help The Governor asked who they were. ana
my brother wrote down the names OF DenisOn ana Bel
den who wanted 100000; did not bold heircerticates
then Nash aud Barnes wero named and did not Owl
these theirs amounted ~ S7OOO0 also Fiag.er and
Riley; also Nc EaeIo The Governor said: Gentle
meI must have the canals open at all hazds; YOU
must do the best thing possible" e. Did he not say Go
on and do the best you eau you will be sustained in
SO doing A. | don't know as he added that; don't
know as anything said about an enabling law.
q. DID he say anything about borrowing money at
Der cent, at any otner ratef A. Not III so many
O. Didn't know the State had plenty or money
drawing only four per cent? A. Yes.
O. And Yet you bought up this paper at seven per cent
and cashed money came into your hands