Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-04-30
A DOUBLE-FUNDIYG CASE.
Lot Of Coupons Issued by the state In 1866
Twice FUNDED.


Lot or Coupons Issued bY the state In 1896
Twice Fupded.
Captain G.. Y. Johnston, who has
long been engaged here purchasing
Confederate bonds and coupons and all
sorts of rare coins, notes, &C., &C., day
before yesterday received from the
Board Of Commissioners OF the Sink
ing Fund a letter saying:
! The following resolution was passed
this day by the Board Of Commits
sioners Of the Sinking Fund. Present,
all the members:
Whereas it appears from evidence in
the possession Of the Board that on the
oath Of April, 1885, Messrs. Campbell
Schcolcraft funded certain coupons,
as follows: Old nnfunded coupons,
each No. 7,260, for els each, due JAN
uary and July, 1868, 1869, 1870, JAN
uary, 1871, January and July, 1872,
January and July, 1873, January and
July, 1879, January and July, 1880,
January and July, 1881, January and
July, 1882, January and July, lSS3-'s4,
amounting to $3.50 in new 3 per cent.
bonds, under act Of February IL, 1882,
as amended by an act Of November 90,
1884; and whereas it appears from an
inspection Of the Treasurer's Office that
coupons Of the same number AMI class
issued under act Of March ., 1866, were
funded December 81, 1871; and whereas
it further appears that Messrs. Warren
4 Quarles offered for funding a certain
other coupon of like number and class
on the Oath of April. 1885, due
July, 1867, for els, the funding Of
which has been and whereas the Board
has been informed that all the coupons
so funded and the one offered for fund
ing was obtained from Mr.. c. F. john
ston, Of Richmond city and whereas
it appears that the said Johnston,
though advised that this Board wished
him to appear and explain how he came
into possession Of said coupons, has
refused or failed to do so therefore,
Resolred, That the secretary be in
structed to request the said c. +. john
ston to explain at once to the said
Board when, from whom, and for what
consideration and under what circum-
stances he came into the possession Of
the said coupons, and that he be further
requested to inform them if he has
heard Of or knows Of the existence of
any similar coupons.
Mr.. Johnston yesterday answered
this letter as follows:
In reply to your communication, |
will state that | was not requested by
any member to be present at the meet
ing Of the Board. In looking over lot
Of detached Confederate coupons-oi
which have a very large number-a
short time since | came across thirty
three Virginia State $l5 coupons, one
of which | took to r. II. Maury &
Co.'s and asked them to find out
whether it was worth anything.
They kept it about ten days, and
reported that it had been examined at
the Capitol and found to be all right
They then offered me - for it, which
amount gladly accepted. Afterwards
/ saw Mr.. W. r. Quarles and spoke to
him about having sold it for 81, and
he told me that they had bought the
same coupon for SO, and that they were
worth about that amount. The next
day took the balance Of them thirty
two) to Mr.. Quarles, but he was out Of
the city, and | carried them to
Messrs. Campbell & SchOOlcraft and
asked what they would give fol
the lot. Mr.. Schoolcraft said he
would take them to the Capito
himself and find out exactly what they
were worth, which he did. After hi:
return, and before they were funded
he made me an offer of s9j for the lot
which offer accepted. He then haC
them funded and sold the bond or GER
tificate to Warren & Quarles. ] have
no idea how long they have been in my
possession, what paid. or from whom
got them. Neither do | know of any
one else who has any. donot remem
Der ever having seen one before.
The Commissioners Of the Sinking
Fund met yesterday and decided to re
fer the matter to Mr.. Wyndham Mere
dith, the counsel for the State of Nir
ginia in all coupon cases.
None of the gentlemen here whC
handled these coupons had any reason
to suspect that they were not what they
purported to be-genuine unpaid cou
pons Of yirginia-and the contrary wa!
not discovered at the Capitol until GfteI
they had been funded into Rddleberge
bonds or script.