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from the Board of Brokers, and Indiana five per cents fell from ten to twenty per cent. A part of the press of the City of New York magnified the extent of the fraud, and unjustly endeavored to implicate different officers of the State of Indiana, and honorable financiers on Wall-street in the fraudulent transaction. A committee from the Board of Brokers, made a report on the moral terpitude envolved in the policy pursued in withdrawing those issues from the market, and thus saving harmless the innocent banker and broker in whose hands they were from time to time found, and also protecting the interest of the State, and, in fact, all the excitement in the money market, the depression in stocks, the general distrust, and the injury to the credit of the State of Indiana, which I was satisfied would occur if publicity was given to this matter, did oc

To endeavor to learn, if possible, the full extent of this fraud, on the 26th day of May, 1862, I inserted in the leading press of the city, the following notice:

* Persons holding Indiana five per cent. stocks, signed by H. E. Talbott as Auditor, and W. R. Nofsinger as Treasurer, and J. A. Cravens as Agent of State, by D. C. Stover, will present them at the office of the Indiana State Agency, No. 36 Wall-street, for transfer or cancelation."

By this means all the fraudulent issues on the market, were, in a few days, brought to this Agency for examination, and I then discovered there was yet on the market near one million.

Since the arrest and indictment by the Grand Jury of Mr. Stover and Mr. Hallet, I have not been able to secure and destroy any more of those fraudulent issues. They seem resolved now to take their own time in taking up those hypothecated, but have, I believe, nearly secured the individuals in whose hands they are, by depositing other collaterals. I have been able, however, to determine where all the remaining certificates on the market, are, and think they are in a condition which precludes the possibility of their being again used.

The indictment against Mr. Hallet failed—the Court quashing it. Mr. Stover has not yet been tried, and is out on bail.

R. N. HUDSON,

Agent of State, No. 36 Wall-street. January 15, 1863.

Note.—The following is supposed to be a correct list of the names of the bankers and brokers and individuals, in whose hands are, at this time, the outstanding fraudulent Indiana five per cent. certificates of stock—they having been deposited, as collaterals, upon

which loans have been effected. The list may not be absolutely correct, but it is nearly so:

Park Bank....
Atlantic Bank..

$375,000

15,000

Biglow & Hoagland.....
Manhattan Savings Institution..
George Barclay
James Conkright.
Mason & Hartshorn..
Shushard & Giffard..
Corn Exchange Bank.
Albany City Bank..
Lunway, Isdin & Clark.
Ostrom.

19,000 70,0000 20,000 20,000 30,000 161,000 85,000 60,000 65,000 25,000

BONDS SURRENDERED.

There were outstanding on the 1st day of Novem

ber, 1861, 391 bonds, of $1,000 each, as per pre

ceding report... There have been surrendered since that time 4

bonds, of $1,000 each.

$391,000 00

4,000 00

$387,000 00

Five per cent. State Stock.

There had been issued on account of bonds sur

rendered up to the 1st day of November, 1861.. $5,323,500 00 There has been issued since that time, on same account

2,000 00

Total amount, November 1, 1862.

$5,325,500 00

Two and one-half per cent. Stute Stuck.

$2,056,123 50

There had been issued on account of bonds sur

rendered up to the 1st day of November, 1861.. There has been issued since that time, on same

account

2,050 00

Total amount, November 1, 1862.....

$2,058,173 50

Five per cent. Preferred Canal Stock.

There is outstanding of this stock the same as re

ported last year....

$4,079,500 00

Five per rent. Preferred Special Canal Stock.

There is outstanding of this stock the same as re

ported last year...

$1,216,737 50

Five per cent. Deferred. Canal Stock

There had been issued on account of bonds sur

rendered up to the 1st day of November, 1861,

as per preceding report... There has been issued since that time on same

account

$1,244,000 00

2,000 00

Total amount, November 1, 1862.

$1,246,000 00 l'izep per cont. Special Deferred ('anal Stuck.

There had been issued on account of bonds sur

rendered up to the 1st day of November, 1861, as per preceding report.... There has been issued since that time, on same

account

$180.54.7 00

2,000 00

Total amount November 1, 1862

1862....

$482.545 00

LIST of Certificates of Wabash and Erie Deferred Canal Stock,

issued from the 31st day of October, 1861, to the 1st day of November, 1862.

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