Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1891-02-26
OURS DENIALs.
How They Practically Admit One Charge
and Eyade the Other.

unsatisfactory denial, Is taken from tne
New York Egening Post of last Tuesday
week;
THE CHARGE.
From The Evening Post Pamphlet, PIP. 90
His particular cronies at this time
(1ST0) were j. Blake Walters, the cashier
of the state treasury, and A. Wilson
Norris. A friend Of Walters is quoted
as saying that Walters was also OBJ
served at this time to be very fretful.
Norris was also seen to be in similarly
nervous condition, and Quay was equally
disturbed, although he was able to and
did drown his care in drink, varying
that occupation with frequent visits to
certain brokers office in Chestnut street,
Philadelphia.
The cause for the nervousness of
Messrs. Quay, Walters and Norris was
very simple. Quay and Walters had
been specializing in certain stocks in
the New York market with money be-
longing to the state, drawn out of the
treasury by Walters, the cashier, who
had substituted practically worthless Sc
curities in its place. The total deficit
was about $260,000.
1t was the turning over Of the state
treasury to the newly elected treasurer
that had to be done on May LIST, 1880,
that brought about a crisis in the affairs
of Quay and his cronies. Butler, the
new treasurer, declined to take posses
sion of the treasury until quantity of
paper placed therein by Walters in lieu
of good securities was replaced by cash.
An exposure became imminent as the
time drew near for Butler to take pos
session of the treasury, and something
had to be DONE Accordingly a certain
gentleman-said, on good authority, to
have been "Chris" L. Magee-staried
Z for Harrisburg to see Quay. The friend
listened to Quay's story, and then told
him he would go to Washington and see
Don Cameron, and in the meantime he
advised Quay to tkeep quiet and cut off
his liquor" The friend straightway re-
paired to Washington, where he in
formed Senator j. Donald Cameron of
the situation.
As soon as the investigation of the
treasury had been completed, Senator
Cameron was informed on the details Of
the crime, and meeting was arranged
to take place at Quay's house to
straighten the matter out. Thither re-
paired Senator Cameron, accompanied
by well-known lawyer, a gentleman Of
distinguished reputation in the legal
profession, and who once filled a cabinet
office, to wit: Attorney general Wayne
MacVeagh. Quay and his friend were
eff course present, and also the state
official involved in the robbery, and
others The state official referred to
was apparently not much concerned, as
the repayment of his share Of the stolen
money had been guaranteed by a
wealthy firm of coal-operators of Penn
sylvania and New York. llehad turned
over what property he and his wife pos
sessed in provincial city. Quay had
also given up all of the securities he
,owned, but still there was a large de-
ficiency. Then Senator Don Cameron
stepped in, and out of his own pocket,
to save the credit Of the Republican
party Of Pennsylvania, paid sum OF
money in excess of 100000, and thus
made good the funds Of the state treas
ury, and at the same time saved Quay
Walters, and others from the peniten-
tiary, or at any rate from the immediate
prospect Of going there.
THE ADMISSIONS.
from Quay's speech in the Senate, February
10th, 1891
The first assertion concerning my off
cial acts is that at some time or continu
ously between the years of 1879 anC
1882 | alone, or acting with another 81
others, used the moneys Of the state o.
Pennsylvania for speculative or private
purposes. Idenounce this statement al
absolutely false, In 1877 the Democratic
party OF Pennsylvania elected stat,
treasurer and an auditor-general, tn,
financial officers of the commonwealth
A year or two later, pending their term
of office, | became engaged in stool
operations. In some transactions | wa
associated and jointly interested will
the gentlemen who was at that time TIL
cashier OF the state treasury.
These transactions proved seriousl,
disastrous, and was compelled to pa
portion of his losses, as well as mi
own. In doing this it became necessar,
to supply on alleged deficiency he hat
caused in the treasury. is portion o
the fund for this purpose, borrowet
100000 from the gentleman who is a
present my colleague in the Senate.
gave him my judgment note therefor
the amount of which note / paid to him
dollar for dollar, years ago, Not unit
the beginning Of the settlement Of on
losses was | aware that deficiency ex
listed, and | had every assurance tina
my associate was able to carry his shar
of the losses. My connection thereafte
was simply, with the aid Of friends, t
raise the necessary funds to supply tn
deficit.
THE CHARGE.
From The Evening Post Pamphlet D. 49,
The story of Quay's second raid o
the treasury is as follows: The philt
delphia railroad syndicate bought tn
plant, franchise, &c, Of the North Oh
cago Railroad Company at Chicago, an
issued bonds which carried with thei
stock in the company. The investmcl
was considered a good one, and whe
the scheme had reached the right stag
certain member of the syndicat
which was under obligations 10 Qua,
gave Quay a chance to pocket some
the profits. lie was offered 100000
bonds of the North Chicago l3ailrua
Company, each bond carrying with it
share of the capital stock. To buy Il
bonds, however, ii was necessary
raise 100000 in cash to pay for ther
Quay cOolly took that sum OF m0nt
out of the state treasury and sent it
Philadelphia, where it was deposited
the Peoples Bank, the depository
the horse railroad syndicate, and so pa
for the batds. The president Of til
bank was and is W. II. Kemble ii
author Of the epigram Addition, di,
sion and silence, to whom referen
has already been made, iembe,
already stated, was saved from the be
itentiary after he had pleaded guilty
court-after the convection Of Fin
Petroff-hy the influence Of Quay oy
the state pardoning board. Quay
loted portion of the stock he rcctiv
to Wilson Norris, and the official Of t