The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1891-03-04
WEDNESDAY, MARCH i. 1891


cling disclosures have been uncovered.
The first Is that II there were ever any
bank stock certificates issued by the
State, or junction and Breakwater GER
fiiicates issued, they have been mis-
aAid, ut the worst stolen, but never
realized upon, Tho probabilities are
strong that the certificates were never
issued. and consequently the only
charge on this score that can be
brought against not only ex-State
Treasnrer Herbert, but many treas |
nrers before, is the one of carelessness,
paramount TO incompetency, on the
pert OF strictly honest men, in their
Intentions. The other damaging dis
closure that seems to lie more directly
against Mr.. Herbert is tho charge that
he has been using the States money
for his own personal benefit, and when
called upon TO account to his success
sof IN the o.tlcc and hand over what
ever was in his hands he was unable
to do 1t. lie had invested money in n
manner and with such persons us failed
hun in his hour of need.
Where Mr.. Herbert has placed the
4 money ho has NOT been enahled to nav
pser TO his successors, probably, but
few kuows-[cw need to know, and
pith that hearty. genuine fidelity TO
his friends that has always character
lied him, he prefers 10 bear the brunt
Of the censure and the blame, rather
fhnn his friends should suffer- II is
last possible that the balance may
have been used in Improbable stock
sfncuIa.ions. 'but this view Of the
case IN tho present instance is not the
onel that obtains general belief.
Il, short. Il IL believed that Mr.. Her
bert has been helping New Castle
County officials TO stem the financial
tide that hal set in against them. The
protested notes OF the County, sS5 900,
come very near equalllng the balance
SA.4lT1j. of the State funds that Mr.,
Herbert was unable on demand to pay
over to his SUCCESSOR. .."
But Mr. Herbert should not have
been caught in any such snap as this.
III fact speailuting upon the money
Of the State is very dangerous ex-
pertinent. ANYHOW, and is in violation
OF the law. but il has been allowed TO
go on from term to term. and as long
as the State has not been the loser
nobody seemed TO care very much
about H. "..
No doubt now there will be any
uilanlity Of legislation 10 secure the
stare funds from being burtered
around for speculative PURPOSES
safe Treasurcrs Hereafter can expect
no emolument, over and above III,
larry which is paid them. The present
INV State Treasurer by prying toe
closely i'm O that little tin box has pu
a eomplete estopl,el upon speculatin,
wit The States money, aud II hr ex
psete,l himself To enjoy the profits o
large invested ssurpluses lie has kille,
the goose that laid the golden cgps.
Aztec all. his discovery of the yncan
mace I'm the Mn box where tie Stale 20
euriiles sL,uld haze been and wer
moi ia n Rr5at benefit to the State
Hereafter II there IS any speculation
upon sarpluses the State will be ap
10 want The benefit of 1t and Col, Bur
mite will have TO be satisfied with tn
bare salary OF his Office as the lay
honestly Intended.
Bat how fortunate the State ha
been since time almost immemorahl,
She has gone along in her loose. sill
shod way OF transaeting her concern
without losing any money. No matte
WHO had charge of the State funds, i
generally had his own way Of dom
business, his own system of bool
keeping, with nobody to sny augf
against II, 50 that he gave the require
security, cared for nothing more. An
yet Delaware has not been counted
the catalogue of the great number ,
Southern Democratic States with q
-~-~faulting State Tfeasurers. She
sayel this humiliation. we believe. b
cause she has always struck hone
men for the Office OF State Treasure
of whom there were none more hone
than William Herbert.
Now what 10 ,ho=.,,a .t,,,ota