The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1881-03-15

to convert collateral knowing did that While our
es Of the Bonds understanding did, after having made
the Gen. Lte6ed, that the State Interested n
the Bonds 70. said 2os Bonds with matured coupons attached
Finally IN April 1871 our Mr. Rogers went 70 Florida 70
Try ana eneo ssssd & =. W ana the &C.
with said Florida per bonds in our hands
collateral for same Being promised by Cen LsleRsld
would speedily be taken up BY money received from sale Of
the State per cent bonds issued in favor of the M
bonds as the State would very large loser if the bonds We
held thrown the market only for the amount due u
we believing IN their sncey continued to carry the loan
paying Receiving relief said loan from the sale Of the
said railroad bonds 1874 an effort was made fund
ing when they were held collateral amounts due upon them
To aid this and to show desire help the State and not
allow her bonds be sacrificed Mr. Bayne attended the
legislative session of 1872 but for want of time the bill did
become law. Finally in ls7s through the efforts prnci
bill passed. after which Mr. Rogers, in April 1873,
again visited Florida for the purpose Of again getting APP
pFOyal and adjustment Of account with Gen Lte6ed
And the 18th of April 1873, Gen Lttefed approved our
correct for l74l244 of April lst 1873 with
29s Florida cent currency bonds hands coat
s3500O The question then paving us the amount
DUE The bonds had gotten in such dscred could carry
the loan longer and Gen. Lefelds only means then Of
paying by the State paying him an amount due him
(see page 49, Cowgls report 1874 bonds held and
the state could Co only pay him BY being able to realize BY the
again there question by the State authorities how
much was due Gen Lttefeld Finally agreed with Gen.
Lttleeld that he would 100000 cash. its equva
lent, would take his note at twelve months bearing
per cent interest for the residue $2444 He agreed
this and passed receipts full accordingly thus closing up
all transactions with General LteGed President and
personally far advances him State Bonds
coateras of his in our hands or under
control And when Governor Reed says, response to the
question, AT the time of CowgilP payment of Bayne Co.'S
against tteed do you know that they held any
other securities from Leed than the Florida Bonds referred
to-? asked him by committee Of your last Legislature said
Mr. H. j. Rogers, son-nlaw and partner OF l. + Bayne,
control of the bonds of 1879 Jacksonville and said
to me that he had done this would release to Lit
efed about four hundred thousand dollars other securities
held by Bayne Co.. he evidently misunderstood the Com
mtees question: else would have given answer at
familiar with dealings with General Ltts6eld knew
had coateras of his ttefeds) the said $29sOO0
Florida per cent. Currency Bonds
What Mr. Rogers did, n substance say to Governor
Reed the occasion referred TO, That the arrange
made settle with General Lttefed would release
him tefed and through him to the State 100000
| OF the States securities
In this connection would state s Governor Reed his
testimony tries make it appear that Comptroller Cowgirl
had something do with adjusting the of
with General Ltefe that account was before stated
originally adjusted in 1871 long before acquainted
with Comptroller Cowgirl that the
understood and agreed then all that added the
afterwards As to the bonds of 1873 all we can
that entered into agreement with Governor Hart and
Comptroller Cowgirl to purchase &250OO0 of said Bonds said
contract being in words as follows:
Memorandum Of agreement made at Jacksonv in the
Of florida on The 10th day Of April A. D. Is7s BY
and det.0een o. B. Hart Governor Of said State and G. a.
ComgiA Comptroller Of said STATE parties of tie first part
and L. r. Bayne Co, Of Ns,c York, party Of tie second
part.
WHEREAS, At session of the Legislature of said
State in February 1879, law was passed authorizing the
issue of bonds of said State the of million dol
lars oneha of which bonds be sold by said parties of
the first part, it is hereby agreed:
That on or before the 18th Of May, 1e7S the party of the
second part will purchase and receive from said parties Of the
part two hundred 2oO of said bonds each for thou
sand dollars at the price Of eighty cents on the dollar in all
said bonds to be adjusted from April st to which
date the account hereafter mentioned has also been adjusted
delivering to said party Of the first part two hundred and
nnetyeght Florida per cent currency bonds with the ma
bonds having held by said party Of the
part as collateral security from Le6eld whose
be credited with said said exchange to be
made in the city of New York
Said parties of the part also agree to receive
purchase from said parties of the first fifty other of said
issue OF bonds each for thousand dollars bearing date
January l. l67S the of eighty per cent of their
value and accumulated interest currency be delivered and
received at tallahassee the 18th day of june 1873 cash
paid on delivery.
Said parties of the second part also agree that they will
use their best efforts negotiate and SELL before the
day of October ss all the remainder Of said issue Of
dated January ls 1872 to be sold hundred and fifty
OF SAID 0ond said bonds Be sold the of eighty
cents the dollar their face value and accumulated
SAID bonds be delivered tallahassee such amount and
at noh GATES as said parties the second part shall require
Oh sad nrst day of October 83 and to be paid for
as delivered without deductions for commissions
oa'a parties OF the first part also agree that as to the FIVE
to be issued and be exchanged the parties Of
nt part they will not exchange any of them before said
of the second part
Said parties Of the second part also agree supentend
the printing of said entire issue of bonds and to have said
printing done BY the National Bank Note Printing Co."
the oros c DeUre Inc @ day Of May next practicable
the second part guarantee shall 81 ea seven hundred and
fifty dollars said bonds to con ~ the form proposed by
the said Comptroller N4' " w r.
In witness whereof said have borato GOT their hands
the day and date first above 1890 W ~
(Signed) q p H.p~ Governor
CA CowGnI, Comptroller