The weekly sentinel. [volume] (Winston-Salem, N.C.) 1886-1887, 1886-06-10

phy Tie Dduk anu leave the county
whole and harmless, and it was agreed
that l should have the credit, on this
condition, Of the full amount of S.
o34.O63. So there was due me on
said settlement, over and ADORE all re-
ceipts, the following amounts:
Amount of bonds not in
cluded in settlement, S1.7O4S4
County claim paid and
not included in settle
ment. 2.439.S1
Total amount of balance
due on settlement, for
which orders were is
sued, 5,273.33
Total amt then due me, S9,417.9S
The financial exhibit posted at the
courthouse door at that time shows
the order for S5,273.33 allowed me.
While the state required only perma-
nent Indebtedness to be published in
the exhibit of disbursements for that
fiscal year published in Webster's DOL
Tar Weekly IN May, 1884, after this
settlement, the said bonds that ! paid
are mentioned in the following Ian
guage: Balance of Dead Timben
Bridge Bonds not included in settle
ment, 81, 704.84." | put this in tho
Exhibit to show that so much of the
county's indebtedness had been taken
up.
The General Assembly having ex-
tended the time for the collection of
taxes in Rockingham and some other
counties until May LIST, collections
were slow, and needing more funds to
meet county purposes, | negotiated a
loan of $4,000 from Mr.. II. w. Fries,
and further loan of 81 $50 from the
Wachovia National Bank, depositing
the claims issued for the balance Of
$5,273.33 as collateral security, and
furnishing dull authenticated certifi-
Gates Of their regularity and validity.
The matter stood in this condition un-
til | came to make my next settle
ment, which was my final one, when
l put the said bonds, and enough Of
said claims to amount to ten or twelve
hundred dollars, and, as soon as they
were allowed me in settlement, took
up $4,000 worth of the collateral de-
posted with Mr.. Fries, and held the
same with the other unpaid claims to
be applied to the $4,000 due the Wa
chovia Bank. None of the claims al
lowed for the S5,27333 were put in
the settlement, but held with the said
unpaid claims to be applied to the
, debts due the Wachovia Bank. A
short time thereafter, when the Com
missioners were making out the fnan-
cial exhibit, l ascertained from the
Treasurer and former sheriff that they
would take up. out of pending taxes,
all the claims held by and for the
benefit of the Bank except s1,114 "a.
This being the only amount for
which there seemed to be no provision
then to meet, l put it in the county
! exhibit rs the real amount for which
the county was liable, the balance to
be paid by the officials as stated.
The county officials had agreed to
take up the rest of So, 273.33, and sub
sequently settled the same, together
with the 81, 114.94, and l paid off the
bank debts as it was understood and
agreed with the Commissioners | would
do, Notwithstanding two of the unpaid
county claims. amounting to six or
| seven hundred dollars, remain unset
tied to-day. These last two claims
were put in the exhibit under the class
Of outstanding orders under the head
of county script"
This is a detailed statement of the
transaction-one from which the coun-
ty received the entire benefit. Not
| dollar of profit was derived from it by
me, but rather loss of interest. Dur
ing the time l paid in the way of in
terest Oh the several loans about ST.
400 The Board had agreed, a. I
have stated, to reimburse the interest,
but when | came to settle finally, the
loans had stood so much longer than
| we at first anticipated, and the money
having been advanced by me in the
first instance as an individual to my
self as trustee, it might be construed
that [ desired to derive profit from
the county's necessities, and to avoid
even the appearance of handling
trust fund for my own profit, l de-
clined this large amount of interest
paid by me for the county's benefit,
and the Board so state in their last
exhibit.
Besides, the people Of the county
had taken me by the hand when I
started life among them with incum-
brances, given me lucrative law
practice, elevated me for series of
years to II position of high trust, and
given me most fattering majority at
the late election when fought by the
"a me- men who AFRO CT hhinu mo Do,y
and [ considered that if l lost the
amount in actual dollars they had and
We ultl repay me in other ways.
When | heard of the reports, and
that Mr.. Bradfeld and the editor of
Hebster's Weekly had prepared a cem-
nlunicatinn yiIlifYint and slanderinr