The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-02-02

The Defaulting Alabama Treasurer.
ADDITIONAL. PARTIcULARs-Hfs MODE OF
LIPE-THE EXACT DEFICIT.
From special TO the New York Times
we CLEAN the following additional par
ticulars regarding the defalcation OF State
Treasurer Vincent. OF Alabama:
The committee to examine the Treasu-
rcr's books finds that the actual cash In the
vault Is $40, 341 .98, and the actual deficit
s2I7, 6S7.O2. The committee Is lnyestiga-
ting Vincents speculations In order to as
certain the persons with whom the trans
actions were made. Vincents salary I'M
der the law Is only S2,100, but on this he
lived In excellent style. drove beautiful
span of horses, and lived In magnificent
ly-furnished house. But these things cX-
cited only passing comment, and were ac-
counted for on the ground that bis wife
was supposed to have money, though
his high manner OF living did not
begin until 1879, whereas he bad
been married for several years prior to
that time. Vincent has lovely wife
and TWO bright, interesting boys, the
older one being about eight years OF age.
Ue Is man OF pleasing, gentlemanly adj
dress, and L. n gentleman by birth and
education. and has wonderful personal
magnetism. as shown by the adherence OF
his friends. This was his third term, he
being indicted into the Office OF Preisurer
for the third time on November 10th last.
He has failed, up to the date OF his de-
parture. to file bond for his new term OF
office. and now the startling disclosure IL
made that the bond for his last preceding
term cannot be found, though il found il
Il doubtful II the full amount OF his DEAL
cation can be made out OF II, as 1t is for
the sum of s250.000, and under a very re-
cent decision OF our Supreme Court his
bondsmen would be only liable for such
dedication as took place UP to November
10th last
Ii il said. however, that The condition OF
the bond was 10 hold the makers liable nm
til his successor was duly qualified. lie was
his own successor, and qualified only to the
extent of taking the oath OF office. Whe-
Their they are liable under this aspect is for
the courts 10 determine. The law makes
il the duty Of the Governor TO require bond
OF the Treasurer within forty days after he
has been declared elected. Vincent sub
mitted new bond to Governor O'Neal.
which he declined 10 approve, and this at
Il somewhat recent date. Governor ONeal
is censured by great many for being so
negligent in the matter. II the old bonds
men are made liable the State will not lose
ANYTHING. as one Of his bondsmen alone is
worth double the amount Of the bond.
This defalcation, though n heavy loss,
will not effect the credit Of the State, as it
was part OF q surplus in the Treasury OF
about 100000. Every effort is being made
TO capture Vincent. but. unlike Polk, he
will never come back alive TO face his dis
grace. Only few days ago his friends
were Joking him about Polk. This was
before there was the slightest suspicion
that there was ANYTHING wrong. TO this
badinage he very facetiously remarked that
he could get away, as he had two legs.
Like Polk, he bears on his body the honor
able sears of n soldier, received while n
captain in the Confederate army. His last
act before going away was TO send $4,000
by his wife TO his clerk, Mr.. Crawford. to
be deposited i'm the Treasury, which is
some evidence that he meant TO he honest.
The people are excited, but the news Is de-
pressing.
fTy Associated Press.l
an EXPLANATION FROM FRED. w0LFPE.
NEW YORK. February Fired. Wolfe,
banker OF this city, whose name has been
mentioned in the reports OF the defalcation
of State Treasurer Vincent, OF Alabama,
emphaticaly denies that he ever had any
loans from Vincent or joint transactions in
cotton or otherwise with him. ollie TO-
day sent the following dispatch TO the
Montgomery Advertiser and the Governor
OF Alabama:
". W. Scre,cS, Editor Montgomery Id
rertiser. AontgOmery AlG.: The reports
from Montgomery do me injustice. All
orders for cotton, either 10 buy or sell for
account or Vincent, were given to my OF
fee I'm Montgomery. and from there trans
mitted here for execution. The margin
was deposited there, and my books there,
which are open for inspection, will show
every transaction. :. VI. Levin, t. l.. Gill
man, and j. T. Middleton, who have been
in charge Of my office, will confirm this and
give any additional information. have
never had any Joint transaction in cotton
or ANYTHING else with Vincent, and never
had any money Of his on loan i'm my pos
session. Whenever margin was required
he deposited the money in Montgomery,
but never RENTED any exchange to me
direct am informed that he has made
considerable cotton transactions through
other houses in Montgomery. Any inior-
nation required by the committee Of in
yestigation will be choerfully furnished by
my Office in Montgomery rs well a. here.
on several occasions he bought exchange
from my bank in Montgomery in his own
favor on New York for remittance to banks
in New York 10 pay interest on state bonds.
[Signedl FRED. WOLFE.
VINCENT IN NASHVILLE TUESDAY.
MONTGOMERY. Ala, February IA
gentleman OF this city says he took break
fast at Nashville Tuesday morning with
State Treasurer Vincent, and the latter said
he was going to New York.
There have been no developments here.
The legislative investigation committee
will not report on the defalcation before
tomorrow.
yinfinntss NnHatg