Milford chronicle., 1891-03-06
state SaGuTIti8S Missing.
An Empty Tin Box Passed From
Treasurer to Treasursr
REMARKABLE DISCLOSURE IN coNNES-
r1ON WITH Ex-STArE TREASURER
HERBERr's FAILURE TO SETTLE
HIS ACCOUNTS, MR.. BURNIrE
TRYING TO FIND STATE
SECURITIES VALUED
AT S647,44O.


Delaware has been all agog this week over
the muddled condition Of the State Treasur-
er's affairs. In settling with Mr.. Herbert
Treasurer Burnite took as his guide the re-
port made by his predecessor to the legisla-
tive committee. That report showed that
on. December 81, 1899, there was in his hands
due the state, se9, 9,65a.6S On February 10
he received from Mr. Herbert his check for
so4o25. 90. This LEFT balance of the above
amount yet due Of S4,e76.99. Mr.. Herberts s
collections of receipts as state treasurer from
December 81 up to tine date of his turning
over the office show that he had received
from December 81 up to the date when he
made returns, s46,49o.Ss. The st976.99
balance left as above added to the S4649o.3e
would give S5I,4I7.37, and these last are the
figures he gave as the amount he yet owed
the state when he made the first payment.
Dlr. Buruite made a statement in which he
said: ION Tuesday. February 70, when
next saw Mr.. Herbert, he told me that as
soon as he realized on two notes for $500.
which he held, he would settle in full. On
February 26-last Tuesday-after making
repeated appointments, Mr. Herbert came
down, accompanied by mis- son Frank. He
then gave me a check lor 10000, which he
said could use right away and one for $751;
4lz.3z, the balance, which he requested me
to hold. The $40, 600 check went to bank
and has not up to this day been paid, and a
this moment, as we sit here, William Her
bert owes to the State Of Delaware SSH
41z.3z." $1,000 Of the Sao,ooo check has
since besu paid.
In examining the tin box in which the
securities were supposed to have been kept,
Treasurer Bufuite found them missing. lie
said TO a reporter "the only papers repre-
seuting the states investments which MI
Herbert turned over to me are the JuHciiou
and Breakwater mortgage and Tie school
fund bond 7 have nothing TO show IoI ihe
Breakwater and Irankford mortgage OF 500
oeo. or the certificates of bank stock which
the state is supposed to own. These papers
was oivsn TO understand, had always been
kept in a tin box which was kept III the
Farmers Bank here until Ar Herbert as !
suiued the Office. Mr.. Herbert took lie box !
away from the Farmers Bank aud WHEN
received il from him it was empty asked !
Mr. Herbert about the securities and he told
me he had never seen any, and did not know
what the box contained as he had returned
it to me Just as he had received 1t. Ex-
Treasurer Houston had never examined the !
box. ! asked him about it and Governor
REYNOLDS. who preceded Mr.. Houston as
treasurer, remembers that there were some !
papers in the box, but just what they were
he could not now recollect. have written |
to State Treasurer Giles, who preceded
Mr.. Reynolds, to find out what he knows |
about the papers. Now the value OF the |
bank stock held by the state entire would be !
sf77. .AAo.oo. But as the Farmers Bank stock |
is evidently all right, as the state holds
controlling interest in it, there would be
gone, say:
81 shares Bank of Delaware stock S45,930 % /
254 Shares Union National Bank stock u ogJUO !
III Shares National Bauk of Smyrna 1000,
stock ''0oV'oO
Making a total of s7l, 90
These are the papers that are missing.
David 7. Marvel secretary of state, went
to Wilmington Tuesday morning and, aet-
ing upon the resolution passed by the Cen
eral Assembly on Monday night, entered UP
the bond of William Herbert eX-state treas
urer, in the office of Prothonotary Borty.
The bondsmen are Frank + Herbert, John
Otto Jr., Joseph Stoeckle, George A. Max
we'll George w Eckles, Alvan Allen, David
Boulden, Joseph Heyd Serreck Shallcross,
Giles Iambson. Mr.. Herberts bond IS for
SIPS, 600
The matter was formally presented to the
legislature by Mr.. BurRite, and Mr.. Herbert
was summoned to appear before that body
Yesterday afternoon to give such intorma-
ton as he can relative to the state securities,
Remember that Ayers Cherry Pectoral
has no equal as a specific for colds, coughs,
and all affections of the throat and lungs
For nearly half a century it has been IN
greater demand than any other remedy for
pulmonary complaints All druggists have
il for sale.