17752. Commercial Bank of Toledo (Toledo, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 27, 1854
Location
Toledo, Ohio (41.664, -83.555)

Metadata

Model
gpt-5-mini
Short Digest
9f114903

Response Measures

None

Description

Articles report the Commercial Bank of Toledo (a branch of the State Bank of Ohio) suspended operations and placed under the Board of Control (state authority) on Nov. 27, 1854. No article describes a depositor run prior to suspension; assets were turned over to the Board of Control to settle affairs, indicating permanent closure/receivership rather than a temporary suspension and reopening.

Events (2)
1. November 27, 1854 Receivership
Newspaper Excerpt
All its assets will, as provided by law, at once pass to the Board of Control of the State Bank of Ohio, who will immediately proceed to settle up its affairs. It is hoped and believed that the assets of the bank will be sufficient to redeem its circulation and pay its depositors; the latter must necessarily be attended with some delay. Signed. SAM'L M. YOUNG. Pres.
Source
newspapers
2. November 27, 1854 Suspension
Cause
Government Action
Cause Details
Bank suspended and assets turned over to the State Bank of Ohio Board of Control; suspension announced citing inability to continue redemption in the deranged state of monetary affairs.
Newspaper Excerpt
TOLEDO, Nov. 27, 1854.-This bank, finding it impossible to continue the redemption of its notes and the payment of its depositors without immediate aid ... is compelled to suspend its banking operations. All its assets will, as provided by law, at once pass to the Board of Control of the State Bank of Ohio, who will immediately proceed to settle up its affairs.
Source
newspapers

Newspaper Articles (8)
1. December 2, 1854 The Perrysburg Journal Perrysburg, OH
Article from The Perrysburg Journal, December 2, 1854

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Commercial Bank. We regret to announce the failure of the Commercial Bank of Toledo. The following notice appears upon the door of the bank this morning: TOLEDO, Nov. 27, 1854.-This bank, finding it impossible to continue the redemption of its notes and the payment of its depositors without immediate aid to a greater extent than can in the present deranged state of monetary affairs be procured, is compelled to suspend its banking operations. All its assets will, as provided by law, at once pass to the Board of Control of the State Bank of Ohio, who will immediately proceed to settle up its affairs. It is hoped and believed that the assets of the bank will be sufficient to redeem its circulation and pay its depositors; the latter must necessarily be attended with some delay. Signed. SAM'L M. YOUNG. Pres. It will be remembered that under the State stock system of banks, a fund equal to ten per cent. of the circulation of all the branches is in the hands of the Board of Control, for redemption of notes. This fund we understand to be $800,000 at the present time. The board have the additional power to assess each branch at once pro rata, a sufficient sum for the redemption of the outstanding circulation of a delinquent branch. Its bills, therefore are taken at par by all the other branches, and probably no discrimination need be made by the business community between the bills of this and other branches. We understand that Matthew Johnson, Esq., the cashier, has assigned the whole of his private property, variously in value estimated from $130,000 to $200,000, for the benefit of the creditors of the institution; thus proving that he was entitled, personally, to the confidence reposed in him by the public. The calamity is a public one, inasmuch as this city is so peculiarly situated as to demand a constant and large supply of currency to facilitate the ordinary and necessary transactions of business. This bank had been the principal reliance for supplying means to facilitate business till very recently, and for a long time the duties it performed were so onerous as to surprise men partially skilled in the labors and risks, and duties attendant upon it. There was no other bank of issue in the city, the old Bank of Toledo having gone out of existence.--[Toledo Blade.

2. December 12, 1854 Minnesota Weekly Times Saint Paul, MN
Article from Minnesota Weekly Times, December 12, 1854

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We give below a list of Indiana Free Banks, the issues of which are received at the Banking Houses of this city. The list will be corrected daily. The State Branck Bank receives the following. Indiana Bank, Madison. Farmers' Bank, Westfield. Traders' Bank, Indianapolis. Central Bank, do. Farmers' and Mechanics' Bank, Indianapolis. Bank of the Capital, Indps. Prarie City Bank. Great Western Bank. Southern Bank. Public Stock Bank. State Stock Security. In addition to the above, S. A. Fletcher receive the following: Bank of Bridgeport. Shawnee Bank, Attica. Bank of Indiana, Michigan City. Cresent City Bank. Canal Bank. New York and Va. Stock. New York Stock Bank. Brookville Bank. Faette County Bank. Cambridge City Bank. Fort Wayne Bank. Huntington County Bank. Bank of Rensselaer. Farmers & Mechanics' Bank. Wabash Valley Bank. Bank of Goshen. Wabash River Bank. Bank Mount Vernan. Indiana Stock Bank, Laporte. Bank of Warsaw. Bank of Rockport. Bank of Monticello. Bank of Rockville. Western Bank of Plymouth. Lagrange Bank. Bank of Salem. Atlantic Bank. State Stock Bank of Marion. Delaware County Bank. Kalamazoo Bank. Gramercy Bank. Government Stock, Lafay-ette. Bank Attica. Bank of North America. Kentucky Stock Bank. Farmer's Bank Jasper. Bank of Albany. Bank of Elkhart. Bank of Auburn. Bank of Syracuse. Bank of Covington. Hoosier Bank. The Savings Bank adds to the above list, Bank of Bloomington, Bank of Perrysville, Exchange Bank, Greencastle, and Reynold's Bank. The Bank of the Capital, the Central Bank and the Farmers' & Mechanics Bank receive the issues of all Indiana Free Banks except the Bank of Connersville, and Northern Indiana Bank at Logansport. The Central Bank refuses the Bank of Plymouth, Drovers' Bank of Rome, and Illinois and Wisconsin Banks, in addition to these. With such a favorable condition of things at home the paper of the Indiana Free Banks will soon be in good credit, and current abroad. ### ILLINOIS. The panic in this State has forced several of its banks into a suspension, and some of them may be compelled to wind up. But in any event the money may be regarded as safe, and should pass current with business men of the country, as there can be no possibility of ultimate loss to the bill holder, backed as it is by stocks. ### WISCONSIN. No apprehension is felt for the safety of the Banks in this State It was rumored that the Badger State Bank at Janesville, and the Rock River Bank at Beloit had failed or been discredited. But as we have every week received papers from the former place, and no confirmation of the rumor having appeared therein, we believe that said Banks are sound and in good credit at home, at this present writing. It is also rumored that the Oshkosh City Bank at Oshkosh, Wis., has been discredited. The Germania Bank at Milwaukie, is said to have failed. ### OHIO. Recent advices from below are to the effect that the Commercial Bank of Toledo, a branch of the State Bank of Ohio, closed on the 27th ult. The notes of the Stock Banks that have suspended are received in payment of State taxes at par and are doubtless current in Ohio generally. ### KENTUCKY. The Kentucky Trust Co., Covington, Ky., has made an assignment to Judge Wm. B. Kinkead and Samuel J. Walker, Esq. The amount of circulation it is said will be near $760,-

3. April 25, 1856 Fremont Journal Fremont, OH
Article from Fremont Journal, April 25, 1856

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Total to the communication herewith committee, Gibson, in March a 29, 1856, that he has submitted, Mr. marked dated times G., states between his predecessor January ceived at various 5th, 1856, sum from of $836,101 on the March gross Mr. Breslin $212, 3. of unand leaving 29th Mr. Breslin, of in March the the hands an unpaid of State balance been of kept in 432 57 3 Had the money with of the the depositaries pecuniary ability, this the treasury, solvency or see and no reason been why paid the questionable: committee can not al once, to have his successor, the balance should late Treasurer office. This, all in over by the of the should in of and the we are at the $ on opinion be done; the transfer that the committee, requires act gratified passed it. in sums being present of cases able the session to state positively that large with, or loanapped institutions It however money were individuals or character public ed to, companies. It not that that high was requisite is pecuniary which were them fit depositaries The result for that moneys should that to make or loaned. of the funds meet the deready to the for be in it, is at that purpose. considerable deposited mands unavailable the upon treasury, portion present, balance to say due from least of of it, to be a on account the bank by Treasurer, the the public There City moneys appears Bank Mr. deposited of Cincinnati Breslin, in said or by his $79,811 orders: Countries 24,927 The late sum Commercial Bank of Toledo, on From W. W. Cones From similarace Beckel & (Day Co. (Cincinnati) $203,324.14 From Total (exclusive of interest) of Cincinnati, as The already comThe City Bank public, has failed. as yet to obtain the known have to the not been able, in regard able to to It is any mittee reliable which information the bank will however be proba- evenble that a dividend pay to its creditors. portion of this debt may the comtually be realized. from information committee that believe Judging deem reliable, from the the Commercial as the mittee that the balance will due be paid in of full, receivers, Bank of Toledo bank, in the hands town lots and buil- of assets of of lands, on sales consist mostly of deferred payments Full payment than real dings, and or personal safely property. anticipated in less trust can two Mr. not years. Beckel be parcels has of executed State, real estate (or a deed to to shall Mr. of secure Bres- have of the certain payment to the in the case the he treasury) the discha-ged lin, late Treasurer, his of the liabilities above stated to condition balance.of $50,000 are, by made by installThese payments of trust, to be times from Jan. by 1, said deed payable at various as will appear subdocuments mitted. the the ments 1857 to Jan. marked 1. 1858, H. and I. herewith balance probability of realizing & Co.of Cincinnati, can not due Of from W. also W. failed, Cones the Those committee who know in who have with confidence. late company differ pay, or something speak of the this divided they will be collecestimates of by legal committee proceedings place little reliance the From ted which of may them. on moneys The that may be P. realized BowHamilton from this source. testimony of Henry county, corrobTreasman, that of county, Treasurer of R. C. Hazlewood, (300 docuit appears for the public orated urer ments L.) elect herewith and by of company the that submitted same the placing standing pecuniary marked Treasurer, of responsi- K. W. mon- and W. Cones at the time of the late warrant eys in bility, their hands was by not such as first to taking his orders, without of the by transactions the repayment hands. those security for placed in their adequate of money believe that part large sums also reason to the State thus the put There of is the moneys of used to establish curleast, their hands, in was Virginia, and to issued give by to the that the into Kanawha in this Bank State, would also paper seem interested rency, that bank. It was, in some way, Cones, who late Treasurer bank. Although Mr. a stockholder in that to have been undoubted is bank, and whether in understood the known who must stoch holder, or not de- on lv have was also a to him Mr. Breslin answer the question M., put it is difficult the point (see any other Mr. Breslin to to interest of the paper we sustain strong that clines explain to the by credit manifested document circumstances by hypothesis of Bow- that add When to these of Henry P. that bank. the declaration, on understood oath, by him interes& Co. and Bank as part Cones man, in that the Kanawha "it was Mr. Breslin room to were doubt owners, that the there ted seems to be little was interested State in to to forbear bank, put the it late in and Treasurer operation, used the or funds at least, of the to sustain express its their tice credit. The of decided committee using the disapprobation public car for not purposes moneys, of of either the any private prac- pri- directly or indirectly, to build up or foster especially having emolument, vate which or or institution, more agent may company any officer or be interthe one custody in of such moneys, ested. laws of a penal searching character, examina- comwith frequent or its committees, and bined Stringent by the Legislature and of the moneys tions, into the management seem to be absolutepublic morals. ly finances necessary of the to State, prevent great depreciation

4. August 27, 1857 Holmes County Republican Millersburg, OH
Article from Holmes County Republican, August 27, 1857

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of May Gibson and June, has appeared before us, and submitted Mr. to an examination. In his he deposition which is here to appended, declares that all his official communication relative to the payments alleged to have been made by Mr. Breslin to him were false-and that he received but $303,865 34 from him. It is not unjust to say that his present declarations, however solemnly made, are not entitled to any credit, unless sustained and corroborated by the records of the office, the testimony of others, or the declaration and conduct of Mr. Breslin. His (Mr. Gibson's) motives in making such official communications he states were two-fold: 1st. He was one of the sureties on Breslin's offical bond-and the exposure of ruin the defalcation would involve the pecuniary his of himself and co-sureties, who were friends and neighbors. 2d. He thought that by concealing the fact of the defalcation, he could secure the amount due the State. Whether his motives constitute a justification for a breach of official duty we leave to another tribunal to decide. In considering the evidence against Mr. in Breslin, in order to illustrate the mode bewhich business has been transacted tween successive Treasurers it seems prop- the to go back to the time he assumed duties of that office. Mr. Breslin in taking charge of the Treasury in January, 1852, opened a vari- new of books transferring to them the due set balances which appeared to be from ous his predecessor, Mr. Bliss, and subsequently executed to him a receipt therefor of which the following is a copy: TREASURY OFFICE, OHHo. Columbus, Oct. 20, '52. 1 Received of Albert A. Bliss, Esq., late all Treasurer of State, payment in full Treas- of balances charged against him as said 12 on the books of this office, January 1852, ury and all indebtedness which has appearned against him up to this date. J. G. BRESLIN, Tr. of State, one on reading this receipt would have Any supposed that Mr. Bliss had paid over was the money due the State. Sush the fact. The Receipt was false.There not was a balance of $65,000 due from Mr. Bliss, which was not paid until more thanthree years after this date. In response to a resolution of the addressed Senate December,, 1852, M. Breslin of official communication to that body which is equivalent to a positive assertion the hat Mr. Bliss had paid over to him all public funds belonging to the Treasury. The motives which induced M. Breslin execute this receipt and make his official statement, the undesigned will not attempt divide. His acts were ciearly calculated, misand it is fair to pesume, intended to lead and deceive. It was an unfortunate commencement of an official career. Truth a quality which the people have a right expect in official statements of its sworn ervents. The report of Mr. Breslin for the fiscal euding Nov. 15, 1855, shows a bal- the of $683,574,90 at that date in Treasury. nce In the same report he states the the Commercial Bank of Toledo, W. hat he City Bank of Cincinnati, and W. Cones & Co., had failed with an aggregate $153,851,18 of the pnblic money in their ands. The subtraction of rhis sum from amount in the Treasury, leaves a clear balalance he of $559,723,72. Upon this nce there was no extraordinary demand, the except for the payment of interest on which debt due Jan. 1, 1856, mounted, oreign with the expenses as charged this him to $421,320,75. Deducting the clear balance in the Treasury, as hown rom by his report, there is still a balance the $138,402,97; a sum sufficient with meet daily income of the State, to with egular its liabilities until the settlement fulCounty Treasurers in the Febuary he Besides the last mentioned amount, owing. Mr. Breslin had in his hands $94,- of 788,88-the funds of the Canal Bank h's Cleveland, which he does not notice in report. With the funds in his phssession amply 1 dequate to meet all demands which could made upon the Treasury, he issued a circular to the County Treasurers, referring I hem to the act of 1841, and calling upon hem to make the advances required by hat law to enable him to pay the January nterest. In complience with the demand, . he County Treasurers paid into the State $760,715,70 between the 6th day Treasury November and the time at which he was u ucceeded by Mr. Gibson. it It is true that in making this demand in c the County Treasurers, he acted and pon with the provisions of law,

5. September 8, 1857 Meigs County Telegraph Pomeroy, OH
Article from Meigs County Telegraph, September 8, 1857

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is yet outstanding $80,000 Treasurer of his of In the gross certificates, There held by_ the receipts Hamilton included County. the redemption fund of I the have Canal Bank of Cleveland. I am, respectfully. W. H. GIBSON, Treasurer." statement of the condition the of Joint the In a submitted by him December to last, Treasury on the 15th excluCommittee due from Mr. Breslin, $204, the balance " suspended debt" of which. sive of the said to be $6,390 92. willing it 536 65, is Mr Gibson was liable to was assume, understood and for which he was account. The first section prescribing of the not the duties suplementar relative to the act and Treasurer of State, Auditor disbursement and safe keeping for of the the receipt, public moneys and accounting them is as Treasurer follows : shall during the first and The of each month, make out ten days in at least two daily newspapers the city publish circulation. printed in the true n general an abstract exhibiting shall have Columbus, of the Treasury as it month condition the first day of the amount existed abstract on shall set forth the Columbus, which in the Treasury at Exchange, of money of drafts, bills of held by the the amount other evidences of debt of each, and specifying the amount with Treasurer, thereof, and when payable, accepdate of the makers, indorsers, of the name drawers thereof the of mothe and depositories amount tors, in the several which abdeposits belonging to the Treasury, oath of the ney be attested by the t Treasurer, stract shall or his principal accounting t S clerk." obedience to the provisions published of this In on the 9th of April last, a sworn section, of the Columbus papers was il in two which, with one exception, the condistatement, tolerably accurate exhibit time. of a tion of the Treasury at the d REVIEW OF DEPOSITION OF MR. GIBSON. e Gibson has appeared before In his us depo and n Mr. toan examination. he submitted which is hereunto appended, communications desition that all his official to have of clares to the payments alleged him were S, e e relative made by Mr. Breslin to n false, been and that he received but $303,8 from him. is not unjust to say that his made, present are S It is however solemnly sustained is declarations, entitled to any credit, unless of the of 11 not corroborated by the records the decla1and the testimony@hothers.org or se fice, rations and conduct of Mr. r'. GIBSON'S MOTIVES FOR CONCEALING BRES y LIN'S DEPARTATION. d G.'s) motives in making such were official His (Mr. communications, he states r, 10 1two-fold. He was of the sureties Bres of 1st. official Bond, and the exposure of the pecuniary were d defalcation lin' would involve ho ruin of himself and co-sureties, his friends and neighbors. C He thought that by concealing the the he fact 2d. of the defalcation he could secure amount due the State. nhe Whether his motives constitute a jusfor a breach of sworn official decide. duty ce we tification leave to another tribunal to ve he REVIEW OF EVIDENCE AGAINST BRESLIN. Mr g considering the evidence against mode in he In in order to illustrate the be on Breslin, business has been transacted seem which successive Treasurers, it assumed proper tween to go back to the time he on the duties of that office. C. Breslin in taking charge of a new the a Mr. in January, 1852, opened them the va Treasury, of books, transferring to to be du d set balances which appeared and sub he rious his predecessor, Mr. Bliss, there vs: from executed to him a receipt 18, sequently for, of which the following is a copy O.) fiiTREASURER'S OFFICE, d lat COLUMBUS, Oct. 20, 1852. S ds, Received of Albert A. Bliss, Esq. full of ifiof State, payment in Treasure al Ir. Treasurer charged against him as 12 70. balances books of this office, January has ivin the and indebtedness which date. ipt peared 1852, against him up to this J.G. BRESLIN, Treas. of State. ion on reading this receipt, had would ubon) Any supposed one that Mr. Bliss Suc par ee, have all the money due the State. false. over the fact ; the receipt was due from ved the There was not was a balance of $65,000 until moi Mr. which was not paid of than three years after its Bliss, response date. of 56, to a resolution the addresse Senat an In December, 1852, Mr. Breslin bod; is of official communication to that assertic nce which an is equivalent to a positive him all Mr. Bliss had paid over to ubso that funds belonging to the Treasury. Breslin hat public metives which induced Mr. this offici as execute The this receipt and make will notattem statement, His the undersigned acts were clearly calculate mi to divine. it is fair to presume, intended unfortuna to and deceive. It was an Tru the lead commencement and of an official career. rig which the people have of a the me to expect is a quality in official statements rer, sworn servants. of Mr. Breslin for the show fisc The ending report November 15th, 1855, that date year balance of $683,574 90 at report, a Treasury. In the same of Toled ?7 the that the Commercial Bank W. the states Bank of Cincinnati, and & Cones City Co.'s had failed with an aggr

6. March 10, 1859 Cleveland Morning Leader Cleveland, OH
Article from Cleveland Morning Leader, March 10, 1859

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possible this branch of our inquiries. Mr. Breslin in his last annual report to November 15, 1855, accounted for a portion of the public moneys received by him, by stating that certain depositories in which he had made deposits, as he alleged in pursuance of law, had failed with a resulting loss to the State of $204,536 65. At the same time he claimed he had made payments for exchange on moneys remitted to New York, for the payments of interest and the redemption of the public debt with which he should be credited, to the amount of $21,182 64. These depositories were the $79,811 95 City Bank of Cincinnati, 47,767 99 W. W. Cones & Co., 26,271 23 Commercial Bank of Toledo. 50,785 48 Daniel Beckel $204,636 65 In our opinion the Deposit with W. W. Cones & Co. was not a deposit by the Treasurer of State; but by Henry P. Bowman, Treasurer of Hamilton County, upon his own responsibility. If the loss of this amount is to fall upon the State, it must be by reason of the arrangement by the Treasurer to withhold an immediate demand for the payment, and to receive the money in New York on the 1st of July following Arising out of his connection with the City Bank of Cineinnati, was an indebtedness to Breslin from Sanderson Robert, the last Presi dent of the Bank, of $21,342 59. The notes of Mr. Robert, as before stated, are now in the possession of the Attorney General, but we are unable to state what amount may be realized from them. In 1852, immediately after his accession to office, Breslin invested $15,000 in the Stock of the Bank of Marion, as we have shown, but whether on the sale of this Stock the money was returned to the Treasury, or reinvested in another form is unknown. Among the first of Mr. Breslin's illegal transactions was the renewal of the loan made by E. N. Sill, former Canal Fund Commissioner, to the Akion Branch Railroad, to which we have referred. This was in 1853, and the amount of the loan was $42,000. A portion of this loan was repaid to Breslin, and for the balance due December 13, 1856, $28,549 88, Breslin received sundry bonds of the Cleveland, Zanesville and Cincinnati Railroad Company, which are now in the possession of the Attorney General. What amount may be realized is uncertain. Another investment, or deposit, was made by Mr. Breslin in the "Ohio Savings Institute" in Tiffin, of which Samuel Waggoner was Presideut, or owner. The amount is shown by the note of Mr. Waggoner, dated at Tiffin, November, 1, 1856, for $12,565 83, which is in the hands of the Attorney General. In addition to this sum, Waggoner is indebted to Breslin to the amount of about $8,000, for money advanced to enable Waggoner to obtain some $75,000, of Farmers and Mechanics Bank of Memphis, Tennessee, on which Waggoner is entitled to a credit of $3,000, but whether with the State of Ohio or not is a question. In 1853. with Charles L Johnson and John G. Camp, Breslin established the Elkhart County Bank, in Indiana, and invested in it according to his own statement $58,208 66, $31,596,93 of this sum Breslin says was paid at various times; but whether paid into the State Treasury, or continued in other investments in Greensboro and Seneca County Banks, or with Johnson in his various operations, is unknown. This investment, swelled by the inflating process of Indiana banking, to a meving mass of $400,000 of paper money. Camp sold out what interest he had in this bank to C. L. Johnson, who was to close it up, and account to Breslin for his proportion of the assets and profits. Johnson swears that he made some money in winding up the bank, by the purchase of its currency and otherwise. We suppose a part of this investment, if the proper legal steps be immediately taken, can be obtained from Johnson, who may be responsible. Breslin also purchased from Johnson some North Carolina Bonds, for which he paid cash to the amount of $10,000. What became of he se bonds, or whether they are now in the possession of Breslin, is unknown. We suspect, as explained in other portions of our report, that a large proportion of the amount al leged to have been repaid from the Elkhart in vestments, was in various State bonds, which are now in Breslin's possession or under his control. In 1853, Breslin became interested in the Central Bank, Indianapolis, and its progeny, as previously detailed, which involved the use of $30,000. A part of this amount, ($9,000) Breslin states and Judge Bowen swears, was returned to him, but, as in all cases of the kind, we much doubt if the money was ever again in the Treasury. The certificates of stock in the bank are now with the Attorney General, and such measures will probably be taken as will secure whatever is found in the wreck that is available. There was also an investment in the Delaware County Bank, Indiana, to the amount of $5,000,-all the circumstances of which have been heretofore particularly given. A portion of this investment, it is alleged, was repaid, but whether actually into the Treasury is problematical. The Stock ig in possession of the Attorney General, and whether anything will be ob tained for the State is doubtful. Breslin also made loans, from 1853 to 1855, to # large amount, to the Sandusky, Mansfield and Newark Railroad, as detailed heretofore, the resulting loss being was com promised with George B Wright, the Receiver, on the receipt of $8,500 of the bonds of the new organization of the Company. Of these bonds, with coupons attached, $4,900 have been transa ferred by Breslin to the Attorney General, and are now in his possession, and will probably be paid in full. A loan was made by Breslin to John G. Camp, formerly President of the Sandusky City Bank, and of the Sandusky, Mansfield and Newark Railroad, and connected with Breslin in the Elkhart County Bank, for $6,000. An arrangeb ment was made between Breslin and Camp, by which the former was to receive a mortgage n upon certain real estate in Sandusky City, executed to Wm. H. Gibson, which, upon foreclosure, realized but $2,000. The balance is prob ably a total loss; although Camp's draft upon t J. P. Reznor, with $5,000 of the City Bank of Cincinnati stock as collateral, is in the possession of the Attorney General. There was an understanding that the mortgage was to be retl ceived in discharge of the debt. There is little doubt but Breslin first furnished the money with which to start the Farmers' and Mechanics' Bank of Greensborough, Maryo land; but it is impossible, from the testimony, to ascertain whether he or any other party has really any money invested in that Bank. It was used, as has been heretofore stated, by Breslin for his own purpose, and the fact of his tl original ownership, we think, cannot be questh tioned; but we are at & loss to fix upon any th amount which he had, or which any one now p has, in the institution. re Into the Cumberland Savings Bank, however, B we can trace directly $17,000 of money from the to Treasury, although the investment was not made or until after Breslin ceased to be Treasurer. In ca this instance, his stock was sold by Bartlitt & Smith, at loss of some 000; but, as in other

7. March 10, 1859 Cleveland Morning Leader Cleveland, OH
Article from Cleveland Morning Leader, March 10, 1859

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Total $680,994 74 From this sum sholud be deducted the amount of the "Suspended Debt," so called, reported by Breslin in his Annual report to November ( 15. 1855, being the City Bank of Cincinnati, W. i W. Cones & Co. D. Beckel, and Commercial Bank of Toledo, indebtedness, which is credited to the Treasurer in ascertaining the defalca$204 636 55 tion, June 13,1857 1 -

8. March 31, 1859 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, March 31, 1859

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$680,99474 From this sum should be deducted the amount of the "Suspended Debt," 60 called, reported by Breslin in his annual report to November 15, 1855, being the City Bank of Cincinnati, W. W. Cones & Co., D. Beckel, and Commercial Bank of Totedo, indebtedness, which is credited to the Treasurer in ascertaining the defalcation, June 13, 1857, $204,636 55