Many Portsmouth people will recall the circumstance of Charles Slavens becoming financially involved while holding the office of county treasurer in the early seventies. His shortage was paid at the time by his bondsmen, who wore really the only losers.
Mr. Slavens vowed then that he would someday pay the amount and himself bear all the loss. The claim has long since been barred from legal action, but he did not take advantage of this, and has worked ever since to make his vow good. The act is certainly a highly commendable one. The following statement is entirely self-explanatory:
"Some twenty-one years ago Charles Slavens then county treasurer became financially involved, largely owing to the failure of the Dugan Bank of Portsmouth, which necessitated the payment of $4,500 by his sureties, George Davis, Aaron Noel and James Skelton. At the time of his embarrassment he turned over to his sureties every dollar of his then valuable property, reserving nothing, with a view of holding his bondsmen harmless. The property so turned over passed into the hands of the city council to be applied on the city's loss. The properly was forced on the market by the city, and owing to the great panic of 1873 and the stringency of the money market, the property was sold very much below its true value. The property in prosperous times would have entirely covered Mr. Slavens' loss. With all this bad luck against him, he resolved someday to be able to pay back to his bondsmen that which they had paid for him. After losing $4,000 by fire in Missouri, he has succeeded in accumulating property enough to pay every dollar of his liabilities. We are pleased to say that he made a voluntary tender of valuable property in Columbus, O., in payment of the claim of his sureties, which has been accepted in full satisfaction of their claim against him. The act is all the more commendable on his part owing to the fact that action has long since been barred by the statute of limitation. Truly, the first shall be LAST and the last shall be FIRST.
Trustee for sureties
. A. T. Holcomb.
Administrator of Geo. Davis, dec'd.
Guardian of A. Noel.
Portsmouth (Ohio) Daily Times, September 26, 1894.