Evening journal., 1891-02-28
LAST EDITION
THE STATE FINANCES.
Mr.. Herbert Fifty Thousand
Short.
SAYS He CAN MEET ALL DEMANDS

Sal, 417.37 20 be Met Next Weekdays
he Has s175.o0O Worth of Property.
ExS State Treasurer Norbert has not
yet settled with State Treasurer Burnite.
He still h~lds Sol, 41737 of the state
funds.
The books were closed Thursday after
noon in the office of the state treasurer
at Dover. Mr. Herbert was there and
also his son, Frank who acted as book.
keeper for his father during the entire
term.
Mr. Herberi owed the state $9i, 725 80.
He had turned over $4S, 30S o. This
left balance still due the state and
unpaid OF SOL ,4l7.37. AS an
offset to THIS amount Mr..
Herbert gave State Treasurer Bur
mite his check for 500 600, which
was deposited yesterday fol collection. In
addition to this check he gave another
for $31 All 81. which made up the bal
ance due the state. The understanding
was that the first check was to be depos-
tied Friday, and the second and larger
check was TO be deposited Monday.
When the FIRST check was deposited
payment was refused because Mr.. Her
bert's cash account was several thousand
dollars short of the amount He prom
ised, however, to have enough money In
bank to-day to meet H.
Wha6 steps no has taken to meet the
check for $9i All, 81 is not known.
LTr. Herbsrt's Statement.
The EVENING JOURNAL correspondent
interviewed Mr. Herbert last evening He
was received by the ex-State
Treasurer, although the latter wanted
to waive an interview. BE said: There
-. a.
matter I saw Mr. Burnite TO day in
Dover and hxed things up with him.
DO you mean sir, that you have sst
tied in full2"
"Well, | arranged matters satisfac-
torily with both OF us y
rs it tTae that you have the balance
of the states money so invested that you
cannot get at it2'
Here he hesitated, as il engaged in
deep thought, for several minutes. He
walked up and down the floor saying
BLAINE if / know how to answer that
for publication
Continuing, he said. ''You can say
this, that in three or four days will
make public statement in all the news
papers. | can not do this now without
getting others in hole
1T has been stated that you hold ex
Clerk Of the Peace Cocbrans notes for 8
large amount and which, If pushed
would bankrupt him Is that true
well" Here he paused again, but
finally said Everything will be known
when make the statement. 1t will be
full and final That's all
Good evening, sir.
Able to Meet the Deficiency.
Thomas Holcomb, attorney, OF this
city and man who Is well acquainted
with Mr. Herbert and his financial status,
said this morning:
THE state will not lose penny. Mr.
Herbert has property the assessed
valuation OF which is $45, 600. This
means that its real worth is $50 600 Ia
500, O00 You know the assessed valua-
ton of city property is seldom, If ever
more than one half to two thirds. This
property ! know to be uneneumbered.
have examained the records aud know
it to be the fact"
A Promlneut Lawyers Opinion
A prominent lawyer Of this city said
II have always understood that Mr..
Herbert is we'll fixed and if the property
is assessed at $45,0 600 it can very safely
be set down as being worth $4,000 BE
owns some very valuable property; still
If it should be forced on the market at
the present time It would probably be
knocked off at its assessed valuation. His
bondsmen are jointly and severally re-
sponsible for any deficiency if he cannot
( meet It.
One of His BOndsmen Talks
Joseph Heyd, who lives at 400 Eas,
Seventh street, was seen this morning
"Are you q bondsmen for ex-State
Treasurer HERBERT" the reporter asked.
Yes, ] am one of them, he answered.
"Do You feel any uneasiness concern
ing his deficiency Of $51 All 312'
mo ] don't feel any uueasiness, what
ever was also on his bond when he
was county treasurer as we'll
What 10 the amount Of his bond"
Il don't know. he came to me and
asked me to go on ii before the names OF
many OF the other sureties were on il.
told him that If the bond was going ia
be entered up did not care to 90 on it.
He said no; that state bonds were never
entered up. | went on the hond. Several
days ago he called on me and asked me
whether I was getting uneasy
about 1t. / told him no. He
said / need not be uneasy; he had
plenty Of property. | am under tue
impression that he has the money in
vested and cannot get at it Just at this
tAAnOs AAD bVAN AAb NC udu udQE a EOOO
deal by investing think he took heavy
risks in doing it BE might have invested
money TO get interest on it. !"
who are the other bondsmen?"
Indeed, don't know; but think
Harry Hickman Of this city, and Ira
Lant Of New Castle, are on his bond
Hickman Not Uneasy.
Levy Courtman r. D. Hickman was
next seen. He said:
81 don't know whether I am on his
bond or not. l was on four years ago,
but | do not know whether the bond has
been renewed"
"Well, supposing you to be bonds
man, do you feel any uneasinessi'
mot bit. Bill is all right and able
to meet all demands do not know who
the other bondsmen are.
Rumors Of Missing Securities.
IF rumOrs are to be credited there is
much more back of ex-State Treasurer
Herbert's shortage than the $5l, All 81,
which has already been made public.
A responsible member of the General
Assembly said this morning after max
ing the above statement in substance:
ut is said that state securities
amounting to hundreds of thousands OF
dollars are missing, and that among
these securities is the state mortgage on
the Junction and Breakwater railroad
for $400, 600