Evening journal., 1891-03-03
AN INVESTIGATION
Legislature Demands All
the Facts.
SECURITIES ARE MISSING.
JUDGMENT AGAINST HERBERT 5
OFFICIAL BOND
SECURITIES ARE MISSING

Definite Action in Relation to ex-state
Treasurer Herbert's Shortage Taken
by the state LegIslaturs-senatOr Pm
ing Opens the Question and Both
Houses Act Jointly Investigating
Committee Of Five-where are the /
gecuritIssg-Treasurer Burnite's State
ment shows That the Missing Ones
Amoant to s6se. .a4O-Mr. Herbert
Summoned Before the Committee.
Staff Correspondence EVENING JOURNAL.
DOVER. March The Legislature has
taken definite action in relation to ex
State Treasurer Herbert's shortage. The
6rst night session ofthe General Assembly
was held this evening for the express puI
pose Of securing the state from loss. This
secretary OF state was authorized to enter
| Judgment upon the official bond and
committee Of Eve members was appointed
to make thorough examination of every
thing connected with Mr. Herbert's term
of office, and also to ascertain where the
missing seeureties are.
Dover is all agog over the affair and
the membess of both Houses are deter
mined to know the truth of the matter
They say that they will get at the bottom
Of it and bring everything to light.
The Senate was the FIRST one to take
ths mat er up. Before the journal was
approved, Mr.. Pilling arose and said
Opened by Mr.. Plliing,
81 arise to subject that do not
press in the absence of some OF our
worthy senators. But the subject that
J shall breach, do Il as a matter Of duty
and in this think you will all agre'
]. with me. That is with regard to ou
state finances. see by to nights paper
a statement made by the son Of the lat
state treasurer. It alleges that our Sc
curities are not TO be found, such as on
bank stock certificates, mortgages an
N some other securities. 1t Is also a con
fession on the part Of the ex stat
= treasurer that he has been inyestin
state funds for his private gain, an
cannot get st the money. | refer 20
more particularly to to-nights pape
We find that Mr.. Herberts son makes
statement that l take exceptions t.
They are as follows:
Exceptions to n statement.
The delay has been caused through 3
inability to convert paper into money 1
readily as we expected, but everythln
4 has been so arranged that ssttlemeI
~ can be made in short time AL
again, further down where he refers
his bondsmen he says; 4 know all Q
them, but cannot call all their names
present. There are number OF then
and in my Judgment they represel
81. 600. .OOO' Well, don't want to 81
one word about that l really don
want to. It is very unpleasant to m
But as the representative Of New Cast
county / want it to 60 forth that we to-
some action to ferret this to the bolton
While we are on this subject, ifyou Ia
the auditors report for 1889, on Page
YOU will find that the state paid Sl9
to the Uuion National Bank, disc cunt
note of &. &. Cochran, clerk Of the pea
for $21, 0O0. On page 36 you find II
the state paid to the same bank $24
discount on note of 50, 500 of &. R Coo
ran, clerk Of the peace. This, conte
should never be- The state should
pay this discount
Definito Action Needed.
"In my Judgment we will have to ia
some definite action. There is no N
in Delaware more exercised than c
present state treasurer He has be
very patient with Mr.. Herbert
has also been and is now very anxio
In my opinion he wants some assistsn
he also wants some authority so that
can get at the bottom Of all this thil
bring this matter up so that the peo
may know that we are alive to the
that this trouble exists
Mr.. Speake~-''Is the Senator fl
New Castle speaking on the adoption
the journalf'
mo, sir, am not
ssThen YOU are out OF order until
question Of the approval Of the jour
has been voted upon.
y9 The journal was approved and
debate was resumed.
Mr. Speaker Senators / will
name. have been working on this mat
for more than a week We could Q
act in an advisory character and not
an official way. Consequently we are
nearer the end to-day than when
begun"
Mr.. Pilling-"I wish to make
statement, and hope we will be Z
rectly reported that we have been dC
our utmost to ratify this wrong In
junction with our present state treasu
did not know who we're the commit
but understand that it was Mes
Richardson, Rose and Houston. l as
it is necessary to take action and In p
that duty upon them to act in col j.
tion with the state treasurer to see VI
these securities are and why this me
is not turned over. We have ovs
. million dollars worth Of property.
have it from the state treasurer
n these securities are missing. They
n supposed to be in tin box, and v
.hey got It, 10 and behold, it was EN-
That is the state OF affairs we sre
- called upon to confront. We should
r. cover them and see that they are pl
in the keeping Of the state treas
l., where they belong. Mr.. Herbert
fesses he has some of this paper
'e'ies' cannot realize on it. ask
assistance to take some &C
and recover, or discover 1t cer'i
will say that these missing secul
e+c cannot be doing anybody any good,
SsN'' we have been receiving the intere
these from the banks that we hold s
in I do not think that there can be
TE0S wrong motive. These stocks are q
lO A A.. .,wh-Irr hrrt the stat a