The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-09-27
LOUISIANA FRAUDULENT BONDS.
What Ex-Treasurer Burke SAYS About
Them.

NFw ORLEANS. LA.. september a.-The
statement Of Marsh >toddari. cashier of the
state Treasury duriug Major Burke's term.
that he had called Burke'- attention IN
l>-t 10 the fact that coupons had been pre-
sonfed of bonds supposed 90 have been
destroyed. was cahlcd 10 Major Burke in
London. In reply. Burke SAYS il j. impu-~i-
BILE t. attempt any explanation respecting
publications If this character. IS which b.
j. ignorant. touching matters Of wears ago.
He then shows how the apparent discrepan-
cics might explain the payment Of coupons.
which are not always presented when due.
In conclusion he say-: II abandon my
business here ! will lose the results Of six
months struggles. The day the papers are
signed releasing mo from the trusts of
others. ] will sail for Louisiana. hold my
self solely and individually responsible for
every act Of the Office. and no person should
or an instant be- permitted tO bear shadow
Of criticism on il account
Attorney -GenerM Rogers heing inter-
viewed said he did not think that Major
Burke was surprised by the disclosures.
When the affairs Of his office were exam
incd by a Legislative Committee and his
books reported To- De- correct Major Burke
naturally felt relieved. lie must have
known. however. that the matter would not
end there. hut the declaration ~ his office
must eventually become known. Tie further
stated that "a State warrant which had been
paid long ago was recently presented ior
payment again and II was found that Burke
had himself given the warrant tO a bank a-
collateral for loan.
Inc Attorney-temeraL further stated that
hc had Information that during Major
Burke'- occupancy of the trca>urcr'- Office
an insurance company had deposited a
number of state bonds for the security of
local pOlicy-hoder~ ~ required hN law.
shortly after Mr. Pipes became treasurer
this company. de-ring'to 20 out business.
applied for the return Of their bonds. Mr.
Pipes took from the vaults the package n
bonds credited tp the company, hut the
officers of the latter refused tO receive il.
claiming that it did NOT contain the bonds
which they had Deposited The bonds de-
posted were Of The denomination of Si.wm.
while those returned were 500 bonds.
There was some difference in the value of
the bonds. and the company wanted 10, own
securities. The matter was called to the
attention Of Major Burke. aud he made /
good the difference 10y giving hi- check for
$40.
Judge Rogers said that brokers and other
holders Of fraudulent bonds were a1er~c f0 +
giving any information a- t0Whcrc they got /
them. This WAS all Wrong. he said. for it /
was the duty of every one tn assist in clear /
ing mp the matter to project the inn0cenf /
and .fing the guilty to punishment. IT, F
thought al of those who refused 90 talk f.
now would hc induced 10 speak when tine +
judicial investigation was instituted.
II il stated that Judge Mari viii charg'
the Grand Jury when hi- court opcu~ uoNt .
Tuesday. to investigate the fraudulent i-~uc
of bonds and iohring in indictments against +
those whom II finds responsible for placing
the inNa ~pcurifia- ON the market.