The New York herald., 1875-12-28
AUDITOR THAYER.
SHAVING THE CERTIFICATES OF CANAL CON-
TRAcToRs-A SHORT AND EASY WAY TO MAKE
MONEY.

SHAVING THE CERTIFICATES OF CANAL CON-
TRAcToRs-A SHORT AND EASY WAY TO MAKE
MONEY.
ALBANY Dec. 27, 1876
The Argus will contain morrow the twelfth report
OF the Canal Investigating Committee. II relates
cusvey TO the transactions OF Auditor Thayer, and
embraces among other things the following cases, in
which he dealt the certificates and drafts which
subject to his audit with such portions OF his es
timony have direct bearing upon the several
cases.
s. r. Wells held administrator or estate GER
tfcate OF Indebtedness against the State for POT So
and about the 30tn of November 1874, presented
it for payment The Auditor refused pay it, alleging
that he had no funds applicable to such claim On or
about the 7th ofDecember 1874 the Auditor purchased
the same certificate on his own account at a dis
count of the accrued interest, which at the date
OF purchase amounted about 81 000 On the 9th OF
February succeeding he drew his warrant upon the
Treasury in his favor for the full amount of the
certificate with accrued interest to that date So asa 92
ant received for it a Treasurer's check.
E H. French held canal certificate for 81, ,1S4 90
and presented to the Auditor for payment days
prior to the 18th day of March, 1875 II refused
about the 18th day OF March. The Auditor purchased
the certificate at discount Of $24 g. and the
goth of May he drew his warrant the Treasurer
for the full amount and received hs check for IT,
II. d. Dennison held five canal certificates all OF
which were unlawfully issued, amounting in the ag
gregate TO $50 $40 06, including interest on two OF
them. Ho sold them to the Auditor on the 2Sth OF
April 1915, At discount oil seven per cent per annum
from the face on liberal time. On the 10Th of May,
1875 the Auditor drew his the Treasurer in
his favor for the full amount Of these unlawful
certificates and received the money for them.
H. D. Dennison held six canal certificates also
lawfully issued, amounting in the aggregate 10
$751; l63 oS which he sold 10 the Auditor about
the 29th of April 1873 ON the goth OF May succeed
ing the Auditor drew his warrant the Treasurer in
his own favor for their full amount and received the
money.
N l. Osborne held six certificates, amounting to
$40 962 which he sold to the Auditor about the
18th OF April 1875 at discount OF seven per cent per
annum off the face. The Auditor drew his warrant
the Treasurer for the full amount OF these certificates
in his own favor, and was paid Tor them.
Willard johnson held eight canal certificates amount
ing, with accrued interest," $5l 1857 49, for the sale
Of which to the Auditor he began negotiating about the
LIST day OF June, 1875 and nnally sold them to him
about the I'd day of July following for the sum of
S45 95T So The Auditor thus secured to himself
anticipated profit of $5399 SO, which he Immediately
put into his private business
James P. Beck held canal certificate for
Sc 4962s made upon fraudulent claim which he sold
to the Auditor about the goth Of June, 1875, al dis
count OF ten per cent of the face.
William Baxter held a claim against the State for
S5 900 under award nj tide In pursuance of chapter
els of the Laws OF 1874 for improvements in
power the canals. He forced by the refusal of
the Comptroller TO pay this claim without written
opinion from the Attorney General declaring his legal
authority TO do and by his pecuniary necessi-
finally TO sell the claim the 10Th OF January to
the Auditor for So, 500 at discount OF So 500.
This is the only one of the foregoing claims which
was not subject to Mr.. Thayer's audit
The commission in their report say II appears from
the testimony herewith submitted that his tthe Audi
tors) purchases Of drafts and certificates against the
State between the th OF December 1874 and the I'd OF
July, 1875 period OF less than seven months,
amounted to ftyeight in number and represented the
of $3lS, S43 81 and large this sum appears
have to believe the list is still far from COM
plete