New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-22
OBLIGATIONS OF A REGIMENT.
TIE rwENIY-,ECOND's BROKEN PROMISES TO iAi
.I,r HuLsENI MLMELE-:

THE TWFNIY.,FCOND'S BROKEN PROMISES TO IAl
-AGTIrUDF OF TIE PRESENT MEMBERS
The ODD Regimen; ID 1868 was IN need 81 money
10 build It's arrnOry IN FOurtcenth-st. II was He
cidcd not TO raise the money by cohIIlpuJos' put
10 establish sinking fund and issue uohu'' WHICH
should run ten ears ana az me eApl"4o" % wal
time be paid out of the smiling fund. UthcIai
Aspinwa all was at thar time colonel OF the rcglriI
and his name appears on these ob11a lQQhT' ne
face value Of each bond was 80, ana the WII0Ie
Issue amounted 70 several thousand dollars. Inc
following l. the form of these certificates;
This is to certify that the 22d kegtmehti National
Cnard Of The state OF New-York,i IA indebted to
IN the sum OF S25 payable out Of the Regiment SINKING
Fund upon the production OF ms eeItln's'o at tlo
piration OF years from THIS ds'e' ttes"-r ri,
interest in the meantime, semahhuay' a. '"e I@0 VI
z per cent per annum 80
c1 He9- ioI e Miller TH'i LLOYD AsfINw.L,,
Paynaster. to'ono"
The sinking fund from which these certificates
were 20 be paid was never established, and the
holders of the obj cations have never seen penny
either of principal or interest AS Donls 1he o1 IL
real estate of the regiment belongs 10 inc S'"te
A. simple promises t. pay they are also Vold De-
cause they are barred by the statute of limitations
and because the regiment, not being corporate
body had right TO bind itself by the ouolai acts
of It's heads The holders OF the celllhcate''
therefore, have little ground for hope OF recovering
their money, unless the regiment OF ltS own Tree
viii elects to regard the debt a debt of honor.
About "a week ago the following notice appeared
III The Miscellaneous Security hepOrt
A defanlted Overdue obligation of the 22d Reg 0cnt
for S25 and interest given and agreed gy LdVy4 - IN
Nal
This Is what Mr.. Struver saws about the
matter: "When these obligations we've ISSUED
was u merchant III South-st, ana
my place If business not far from that OF Col
Onel Aspnwall as he then was called. was asked
TO Duy one OF the certificates. | knew nothing
about the 22d Regiment. but when saw the name
of Lloyd Aspnwall at the foot OF the paper plid
the money without hesitation. l never got TIE
interest or the principal, but in those DAYS 20
wasn't matter of great Importance 70 ne ana !
took no steps to collect the money. But lately We
needed the money and wrote to General AsplL-
wall asking If the obligation! would be paid got
no satisfaction He only told me that he had uOth,
ing to do with the matter, having simply signed
the certificates in his official capacity mayo
made many attempts to get my money, but the
only answer ] got from members OF the reg ncnt
Is that the debt IS Outawed and that the cerlln-
Gates are not worth the paper they are written
on. How an organization OF gentlemen, ani es-
pecially military organization, can reconcile II
with their honor to see their written promise
broken don't understand. They don't make any
explanation but simply laugh at me when ASK
Tor my money that was paid IN good faith in reIi-
ance of their word
LLOYD Aspinwall, jr. who is prominent member
of the 22d Regiment, stated TO "A TRIBUNE reporter
that his father knew nothing about the matter,
having simply signed the obligations as colonel
and without any personal interest in the matter
w B Smith, the treasurer OF the regiment was
also asked for information about the celiilcates.
81 hose certificates are Outla~ed anyway, was MS
first remark He then went on to say that the men
who issued the obligations bad long since lett the
regiment and the pres, mt members know llttledDou
the circumstances under which the deDt was con-
tracted. He SAID however. that he aud his DIOth-
er>-ln-arlns all look upon the money TMch Was
paid for the cert ficajes as a free aft. Some me
ago a majority of the holders had met ana nad ne
termined to present the money to the regiment.
Whether the majority had the rlgnt To- dispose mus
generously OF the money of the minority IS den
cate ethical question which the members OF tho
regiment are not inclined 10 discnss. MI struver
has never been asked 10 surrender MS certncate
and has never been party to any compromise WIN
the regiment.