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tions•desired; will be continued till forbid and charged ac
nording ;to these tertrts,
Welttt Vg.etr.
From the Weekly Pennsylvania',
W:t. SHALE MEET AGAIN. -
01 how mournfully and drear '
- . >Sounds that wintry blast to me, ,
As I sit within my lonely home;
And thought is ranging free,
O'er the field of the buried past—.
- Of memories fond and dear—
And the joys I knew, and the friends I loved,
Like shadows again appear.
It is then I think of thee, •
And the time when first we met,
In the full rich light of youth's blest morn,
With hearts like harp - strings set
To a joyous note—when care,
Bade no jarring discord rise,
Nor cloud, nor shade of sorrow dimmed
The sUnlight of thine eyes. •
Alas! that the fair and young,
The beautiful and good,
Should be called, in the spring of earthly good,
To the grave's dark solitude:
But the chilling wind, that sweeps
Along in the Midnight gloom,
With a mournful wail, like a spirit-tone,
Chants a requiem o'er thy tomb.
The clods of the valley lie
In coldness o'er thy bed,
Dut my soul (loth oft, in the shadowy horn.,
Coalman° with the sainted dead;
And when thy vision conies,
As now, in that mystic train,
A voice like thine whispers soft and low,
That WE SHALL MEET AiIAIN
c itictt GiAory.
ADVENTURES OP AN ORPHAN
Towards the latter part of the summer of
.1840,. a lad of prepossessing appearance en
tered the beautiful town of O. , situa
ted at the foot of Seneca Lake, near the cen
tre of
.the State. He had traveled from the
western part of Ohio, where his father, a
'widower, had died from one of those malig
-nant fevers so common in newly settled coun
tries, while overseeing the cultivation of a
large tract Of land, in order to regain a for
-tune lost during the disastrous speculations
of - 1834. •
Being an only son and left among stran
gers, after the death of his father, George
Wentworth resolved to leave Ohio and remove
to the State of New York, for the purpose of
trying his fortune in any manner that chance
might offer. lie had passed through several
towns and villages on his route without meet
ing anything to attract his attention till reach
ing G—.
This fine - town; with its lovely lake, and
fine scenery, struck his fancy, and so he de
termined to obtain employment, if possible,
andAnake it his future home.
Witte walking along the principal streets
of the place—a shady avenue over-looking
the lake on which are located several fine
churches and other public buildings—he saw
a large crowd assembled around a • newly
erected.liberty pole, in front of one of the
principal hotels. On approaching the spot
he found that it was a political meeting, held
for the purpose of raising the pole and mak
ing party speeches.
Our hero forced his way into the crowd
just as they were raising the " stars and
stripes," 'with the names of their favorite
candidates, to the top of the flag-staff. The
flag had scarcely reached half way, the en
thusiasm being at his height, when the cord
twisted and caught in the little wheel at the
top. They pulled and tried every way, but
were unable to raise or lower the flag a single
inch. The excitement and cheering ceased,
and all eyes were raised to the half-masted
flag. A portion of the opposition party who
were grouped together a little in the rear of
the main body, began to jeer and joke about
the apparently bad omen, to the evident dis
comfiture of their opponents.
At length-Judge S , editor and pub
lisher of the 6 Journal, then a candi
date for Congress, offered $5O to any one who
would climb the staff and draw the cord
through the wheel.
The utmost silence reigned for several min
utes' but no one advanced to make the daring
trial. "Who will volunteer ?" shouted the
Judge strongly excited, as a peal of laughter
;vent up from the opposition.
The chuckle had scarcely died away, how
ever, before George with his cap and shoes
oft • stepped before the Judge, and with a con
fident 'look, exclaimed :
"I, sir, will climb it 1"
"You, my lad, you are not strong enough?"
"Oh, yes, sir; I'm used to climbing."
"Then go ahead, my little Spartan," said
the judge; at the same time giving him an
eneduragin& pat on the shoulder.
Steadily,liand,over hand, his feet -clutch
ing the
,pole in a manner that proved him to
Tic an - expert climber, GeOrge made his way
to the top of the .staff, which was so slender
that it swayed to and fro' with his *eight.-
- Nothini , daunted, he wound his legs right and
left round the pole, and ;with his right.hand
untwisted the cord. Shouting fearlessly to
those below to hoist away, he chino..on till
the flag fairly reached the top, and then slow
ly. deseended. .
The cheers that now rent the air were ter
rific; opposition and all, joined in .one uni
versal shout. After the excitement had some
-What subsided, the Judge looked at the boy
with - admiration, .and took out his pocket book
to pay_ the pronused. reward. G eurge noticed
the action and exclaimed—
" - Keep your money, sir; I want no pay for
helping to raise the American flag."
. "Nobly said, my little man; at is your
name?" inquired the Judge,
"George . Wentworth, sir; I am - an orphan,
and have Just arrived here in search of em
ployment," replied our hero, his bright eye
glistening with a tear.
",`Tirell, you_ shall live with me," e4claimed
.12 OJ
20 00
...16 00
-.30 00
EZEMI
Eel
WILLIAM LEWIS,
..24 00
.50 00
XII.
MEI
the, Judge. "I will take care of you for the
future."
Five years passed from the time that George
Wentworth became a member of' his benefac
tor's family. In the meantime Judge S
had been defeated, by his political opponent;
and George had been initiated into the mys
teries of the "art preservative of arts." He
had become a favorite 'with the citizens, and
was looked upon as the adopted son of the
Judge. It was even whispered in private
circles that he was to be the envied husband
of the beautiful and accomplished Ida, the
Judge's only daughter.
But this George. had not dreamed of. 'Tis
true he never felt so happy as when in her
presence, and it did make his muscles twitch
to see the foppish students from.the College
swarm around the acknowledged idol of his
heart.
Poor youth ! had he known the realstate of
Ida's feelings, the thought would have almost
turned his brain ; and could he have interpre
ted the gleam of joy that flashed from. her
eyes whenever he uttered a noble sentiment
or sally of wit,•it would have filled his soul
with ecstacy and delight.
One fine day in the latter part of Juno,
Ida, her father and George, were enjoying a
sail on the lake in their trim little yacht—
the "Swan," which had won the "cup" at the
last regatta under the management of our
hero, who was at present standing by the
mast gazing at the beautiful scenery on the
opposite shore; the Judge held the tiller, and
Ida was leaning over the side of the boat,
trailing her pretty hand through the clear
water on the lake, when a sudden gust of
wind• careering the yacht so that she lost her
balance and fell into the water. George
heard the splash made by Ida, and before the
Judge could utter a. cry had kicked off his
light summer shoes, and plunged in to res
cue her; being a skillful and vigorous swim
mer, he came up -with the struggling girl be-,
fore her clothes would allow her to sink, and
entwining her waist with his left arm, struck
out with his right and kept her above water
till the Judge turned the boat and came to
their relief. In a few moments they were
safely in the boat again,
and Ida soon recov
ered from the effects of her unexpected bath.
The old Judge embraced George, and ex
claimed, with tears starting- fast from -his'
eyes ;
"God bless you, my dear boy, you have
siiled my daughter's life; how can I ever re
aY you?" '• - •
"By saying nothing about it," replied Geo.,
"I owe you a thousand fold more than I can
ever repay, and am too happy in being able
to render even this slight service."
. The lovely Ida could say • nothing. Her
heart was overflowing with an expression that
told volumes. Her father observing her ear
nest loving glance, began to guess the true
state of affairs. He was not prepared for it;
and in silence turned the boat to the shore.
They soon reached home with feelings far
different from those they had started with.
The following morning, George received a
notice to meet the Judge in his library. His
heart beat wildly—what could it mean ?
The Judge was determined to put him to
a severe test. As soon as George entered the
library, he commenced:
" Since becoming an inmate of my f Piily,
George, you have conducted yourself in a
worthy manner, performed every duty cheer
fully, and neglecting none. You are now of
age, and are capable of doing business for
yourself. I have placed five thousand dollars
in the bank at your disposal ; you can use the
sum as you think proper, or let it on interest,
and take charge of my office at a salary of
fifteen hundred dollars a year; in either case
you must leave my house fur the present time.
What do you say to my proposals ?"
George was completely bewildered, and
stammered forth a request to be allowed a few
hours for consideration. This being granted,
he retired to his room and threw himself on
the bed in a paroxysm of grief. Could the
Judge have guessed what he himself had
scarcely have dared to hope ? What right
had he to his benefactor's daughter and for
tune? None! He would smother his feel
ings and earn an honorable living by his own
exertions.
Various were the rumors set afloat by the
scandal mongers of Gl—, as to the cause of
young Wentworth leaving his patron's man
sion, but their inuendocs were unheeded.—
Gcorge now devoted himself wholly to busi
ness and study. His brow wore a more
thoughtful expression, and. his checks grew
a shade paler.
The Judge acted with him in a straight
forward, frank manner, yet never' addressed
him in the kind fatherly tones as had been
his wont before the incident that occurred on
the lake. If he chanced to meet Ida in his
walks, a friendly glance and nod were all
that passed; still lie felt that his check be
trayed him, for the warm blood gushed from
his loving heart, and tinted his cheeks with
a tell-tale blush; and he cherished the pleas
ing thought that her look was beaming with
hope.
A little more than a year had passed from
the, time George had left the home of those
he loved.
It was the eve of another election; excite
ment ran high, and Judge S— was again
a candidate for Congress. For several weeks
a series of ably written articles had appear
ed in the Judge's paper. They were address
ed to all classes—farmers, mechanics, and la
borers. The original and vigorous style,
clear and convincing arguments, deep and
profound reasoning of those articles invaria
blyq-
carried conviction to the parties to whom
they were addressed. All the newspapers of
the party in that Congressional district copied
them, and curiosity was on tiptoe to discover
the author, as they were simply signed by
two little stars. alio election passed off, and
Judge S— was elected by a large majori
ty.
Late one night, while Ida and her father
were returning from a party given in honor
of. his election, they observed a light in the
printing office. As the establishment was
usually closed at twilight, it appeared strange
that it should be lit up at that hour, so the
1
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..,...;;;.: ~.,.... ....:.
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v, ::::.:
........;:.
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r.;f:.'... '...;;;-.. ...
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Judge 'determined to learn the' cause. Re
questing his daughter to accompany him, they
ascended the stairs and entered the office qui
etly.' .A sight met their view which caused
the heart of one of them to beat violently.—
At the desk, a short distance from the door,
sat George, fast asleep, with head resting on
his arm. As Ida's father stepped forward to
waken the sleeper, he observed several poli
tical articles lying on the desk, and a fresh
ly written article with the mysterious stars
attached. The truth flashed upon the Judge
in a moment—he was indebted to George for
his success! He beckoned to Ida, who came
trembling to his side. Just then they saw
by the light of the flickering lamp a smile
pass over the slumberer's face, and he mut
tered the words, "dear Ida," in a tender tone.
"Oh, father!" exclaimed the loving girl,
affectionately throwing her arms around her
parent's neck, "do let George come home
again; it's surely no sin for him to love me."
Awakened by the sound of Ida's voice,
George looked around confused, and as he saw
Ida and her father, he endeavored to hide the
manuscript. But the Judge stopped hisa by
saying
laughingly:
"It won't do, you young rascal; you are
fairly caught, ound oat—talk in your sleep,
will ye—ha! ha! ha!"
George was bewildered and transported—
he had been awakened from a-pleasant dream
to a bright reality. Matters were soon ex
niained, and the warm hearted Judge, after
blessing them both, promised to see them
married before he started for Washington.
A CALIFORNIA WIFE.—Wo have been told
that when John Bigler, the late Governor of
the State of California, was a member of the
State Legislature, Mrs. 8., his wife, absolute
ly washed the clothes of some of the honor
able gentlemen for so much. a dozen. At the
time of his election Bigler was very poor, and
hiS per diem was hardly enough for himself
and his wife to Live upon in these prodigal
times. To Make both ends meet,-and save
something 'against a rainy day, MadaMe Big
_ler put her shoulder to the wheels as above
stated.
Now, won't this be rather startling to the
pale-faced,,attenuated da.mseld of the East,
who faint and scream at-the sight of a wash
tub or cob-web? Think of it. The wife of
an ex-Governor with her sleeves and gown
rollod up, bending over a wash-tub, while her
husband, with his clean dicky standing up
right chafing his ears,. rose to a question of
privilege, "Mr. Speaker-, S-p-c-a-k-e-r I"
And then think of the ex-washerwoman. be
ing feted, three years after, as the Wife of the
Gov. of .the State of California, -worth a him
dred -and fifty thousand dollars—enough mon
ey to make the heads of. universal snobdom
duck and dive like an affrightened water-fowl
in a thunder storm.
Good for the Pennsylvania Dutch girl !
Five hundred years hence, when the histori
an lifts the veil from the catacombs of the
past and writes the history of the unforgot
ten dead, he may, perhaps append this little
episode to the history of ono of California's
Governors; and the little ragged girls that
then go down to dip water from the Rio Sac
ramento, may think better of their mothers
who have to labor, because a long time ago
Mrs. John Bigler, the Governor's wife, filled
her wash-tub from the same noble river.
These are the pioneer women of California;
there are many such, as strong willed and as
true, who quail not at their own footsteps in
the woods, whose hearts swell with hope at
EXTRADITION TREATY BETWEEN - AUSTRIA
AND TUE UNITED STATES.—The Washington
Union publishes the text of a Convention be
tween the United States and Austria in re
gard to tho extradition of criminals. It is
provided:
1. That the two Governments shall, upon
mutual requisition by them. or their minis
ters, officers or authorities, deliver up to jus
tice all persons who, "being charged with the
crime of murder, or assault with intent to
commit murder, or piracy, or robbery, or for
gery, or the fabrication or circulation of coun
terfeit money, whether coin or paper money,
or the embezzlement of public moneys com
mitted within the jurisdiction of either par
ty, shall seek an asylum or shall be found
within the territories of the other." - Provi
ded that the same evidence of criminality
shall be required as would, according to the
law of the place where the fugitive may be
found, justify his apprehension and .commit
ment for trial: The agreement shall not ap
ply to crimes committed anterior to its date,
nor "to any crime or offence of a political
character."
2. Neither of the contracting parties shall
be bound to deliver up its own citizens or
subjects under the stipulations of this Con
vention.
3. Whenever any person demanded shall
have committed any now crime in the State,
to which he may have fled, he shall not be
delivered up until after trial, with punish
ment or acquittal, there.
Tho Convention is to be in force until Jan.
1, 1858, and may be terminated upon giving
one year's notice after that date.
The Convention takes effect from the 15th
of December, 185 G.
A CERTIFICATE.—One of the certificates of
death, written by a "physician of large prac
tice," received at the City Inspector's Office,
reads as follows: "Mrs. Karolyn° Johnsons
dawther aged five months and ate days died
with defishensy of life to-day under my at
tendance."
se-The Etiquette of Visiting—Do as Echo
does—she no sooner receives a call than im
mediately she responds to it.
Dar Dick says that a bridal ceremony is
apt to be a curb on a man for the remainder
of his days.
11E:. Law and equity are two things which
God bath joined, but which man bath put
asunder.
HUNTINGDON, PA., JANUARY 21, 1857.
The clanking of the hammer,
And the creaking of the crane
-PERSEVERE.-
Too Much of a Good Thing.
A correspondent of a Georgia paper thus
discourses in a letter to the editor :—Didyou
ever have too much of a good thing? I
reckon you know we have had • a heap of
preaching in this place lately. This leads
me to talk a little to you about these things.
Now, I reckon, we have not had one mite too
much preaching. Granny always told me
these things were the glory of this blessed
land of liberty, when I was a child—and now
I'm grown a man - I can sense these words
and see how they are right and useful. - But
I. will toll you, as a friend, in a whisper,
what I don't like. When I work hard, and.
gain an hour to go and hear a godly old man
preach the gospel, I don't like to hear a
green-headed young preacher, or layman,
rise up and spout a whole half hour.
"'We won't be practised on," said the State
_prisoners in a certain stone cage, on the
banks of the great river Hudson, to the offer
of preaching from a theological school not
very far oft. "We wont be practised on by
these young preachers. They think they'll
learn the trade by preaching to us. We
don't want them—but send us good old Dr. S.
or the gray-headed and worthy Mr. M. and
we will be thankful for preaching." Let the
occasional preacher begin and and where he
pleases; but the stated preacher who meets
his people from three to five times a week,
for religious services, 'must be short and
pithy, or he will drive away'health from him
self, and hearers from his place of worship.
Whitfield himself complained about being
preached into a good spirit, and out of it
again by the same service. If that good
man could be thus affected by too much of a
good thing at one time, and we poor creatures,
may be injured by taking more than we can
digest."
A good manyyears ago, two men, neigh
bors, in Maine, had been in the woods during
the day, and returning towards evening when
within a mile of their homes, observed a large
bear making directly for one of them, and,
to avoid his grasp, he dodged behind a size
able tree. The bear sprang and clasped his
fore-paws around the tree, and the man im
mediately seized and held them fast. After
a consultation how they should despatch the
bear, it was agreed that the man who was at
liberty, should proceed home, obtain an axe
'and return immediately, for the purpose of
killing him. The man arrived home, related
the siteation of their neighbor to his wife,
and his'plan for killing the bear; but not be
ing much in a hurry, directed his wife to pre
pare supper, and he would take some before
he started, which Was accordingly done.
After supper was over, and he had taken
several turns from the fire to the door, and
from the door to the fire, and lounging a
while he concluded he would go to bed early
and be stirring by times in the Morning, and
release his friend. Morning arrived, and the
axe was got in readiness. He then told his
wife he believed he would have his breakfaSt
before lie.went. Breakfast being over, and
several small jobs done about the house, he
leisurely shOuldered his axe, and shortly
found his neighbor in the same position, very
patiently holding the bear, and awaiting his
return. On his approaching near the spot,
and just as he was raising the axe to give the
fatal blow, his friend said, " Stop! I have
suffered enough holding the bear—you come
and take my place, and let me have the satis
faction of killing him." This was readily as
sented to; and the man, after being released,
and seeing his neighbor in the situation that
he had been, shouldered the axe and walked
off, leaving the loiterer in full possession of
the bear in his turn.
In a recent lecture before the Apprentices'
Library Association of Boston, Col. BENTON
spoke strcngly in favor of abstinence from
intoxicating drinks. He attributed his own
exemption from the infirmities which arc sup
posed to belong to age to his temperate hab
its in early and mature life. He said:
" He totally abstained for the first half of
his life and was temperate the other half.—
He had not only totally abstained from spir
itous liquors, vinous liquors fermented li
quors, and everything of the kind, but he had
kept himself free from every kind of dissipa
tion. He knew no game whatever; and to
this moment could not tell, when lookng at a
party playing cards, which was the loser and
which the winner. He had often set up all
night, watching the sick on military duty,
and a book—a book—had often kept him
awake; but he had never spent ono night of
dissipation."
Few men who have mixed as much in soci
ety, and been as many years in public life as
Col. Benton, can say as much and tell the
truth. Fortunate would it bo for themselves
and the country if the young men of this
generation would imitate his example.
BEAUTIFUL SENTIMENTS.—We live in the
midst of blessings, until we are uttorly in
sensible of their greatness, and of the source
whence they flow. We speak of our civiliza
tion, our arts, our freedom, our laws, and for
get entirely how large a share is due to Chris
tianity. Blot Christianity out of man's his
tory? what his civilization? Christianity is
mixed up with our very being, and our very
life; there is not an object around you which
does not wear a different aspect because the
light of Christian love is on it. Not a law
which does not owe its truth and gentleness
to Christianity—not a custom which cannot
be traced, in all its wholesome and healthy
parts, to the Gospel.
To REMOVE RUST 111031 KNIVES, &C.—Cov
er the knives with sweet oil well rubbed on,
and after two days, take a lump of fresh lime,
and rub till the rust disappears. It forms a
sort of soap with the oil, which carries off all
the rust.
female school teacher in her adver
tisement, stated that she was complete mis
tress of her own tongue. "If that's the
case," said a caustic: old bachelor, "she can't
ask too much for her services."
Holding the Bear
Benton on Dissipation
•r
,-. 11/ 06
V, . •. •
REPORT
To the Stockholders of the Lancaster
The undersigned Committee of Stockholders
of said Bank, appointed to investigate its con
dition and make report—
1. Whether said Bank is solvent or insolvent :
2. If found insolvent, to report the cause or causes of
such insolvency, and tho manner iu which it was produ
ced:
3. The time or times when the losses were Incurred that
have rendered it insolvent:
4. The names of the Directors and officers under whose
administration the insolvency of the Bank occurred—
respectfully beg leave to submit to this meet
ing, That having made the investigation direct
ed by the resolution under which they were
appointed, and after a careful examination of
the assets and' liabilities of the Bank, have
come to the conclusion that the statement sub
mitted to the Stockholders at a former meet
ing, was a fair and impartial- exhibition of
the condition - of the Bauk—thus leaving no
doubt of its insolvency to an amount sufficient
to absorb the entire capital stock and a por
tion of the deposites.
The insolvency of the Bank can be readily
traced to a combination of causes, each con
tributing to waste its resources and encroach
upon its assets. Instead of accommodating
the business community in the locality of the
Bank, where the Directors had the means of
knowing the responsibility of the drawers
and endorsers of the paper offered for dis
count, it loaned an amount exceeding three
fourths of its capital to a few individuals (its
President and Cashier among the number,)
for the purpose of building the Sunbury and
Philadelphia Railroad—erecting extensive
iron establishments, and developing the Sha
mokin 'Coal fields—projects; which,. every
man of even ordinary discretion must have
foreseen, would lock up the funds of the Bank,
thus loaned to those parties, for .a long space
of time ; and, if those speculations should
prove disastrous, must inevitably lose to the
Bank the money loaned fur such purposes.
In consequence of the,,entire capital of the
Bank being locked' up : either by being on
the protest list, invested. in factory stock, and
in loans to its President, DAVID LONGENECKER,
and his co-operators in the Shamokin Coal
speculations, resort was had to various illegit
imate methods of banking, in order to carry
its circulation, but which in rapid succession
only tended still more to cripple its condition.
Among the expedients resorted to by -the
Bank to carry its circulation, without the ba
sis of its capital, was the furnishing of its
bills to wild-cat Savings Institutions, private
banking establishments, and even private in—
dividuals, in large amounts, charging inter
est at the rate of three per cent. per annum,
with the understanding, on the part of this
class of borrowers, that they should keep
those bills afloat, so as not to incommode the
Bank. By this means one single individual
has become indebted to the Bank in a very
large amount, which indebtedness is put down
among the doubtful and bad assets. But in
dependent of the insolvency of the parties to
whom the- bills of the bank were thus fur
nished in large amounts for circulation, this
method of keeping up a circulation was the
cause of additional losses. These bills of
the bank found their way to Philadelphia,
the commercial mart of Pennsylvania, where
it was required they should be redeemed in
gold or silver ; and in order to do this the
notes and bills of exchange which had been
discounted at the counters of the Bank, at
legal rates, were sent to Philadelphia, and
there sold at a discount, rating from 11 to 3
per cent. per month. More than $OO,OOO of
the insolvency of the Bank can bo traced to
the payment of extra interest to meet the de
mands of its circulation,
Among other causes of its insolvency may
be mentioned the transfer to the Bank of $20,-
000 worth of factory stock at par by DAVID
LONGEZ , TECKER, tlto President, on the 29th of
January, 1852, when in fact the stock was
not selling at more than $l4 to $l6 per share,
the par value being $5O per share. Also, in
the exchange by the Bank of $13,500, James'
Loan, at par, being a loan secured by first
mortgage on Conestoga Steam. Mill, No. 3, for
325 shares Lancaster Bank Stock at $6O per
share. This exchange was directed by the
Board of Directors in May, 1855, the stock to
bo transferred to the Bank before the first of
November, 1855 ; but the stock was not trans
ferred until after the May dividend in 1856.
Mr. LONGENECKER, however, took immediate
possession of the securities for the James'
Loan, after the Board agreed to the exchange,
thus defrauding the Bank out of either the
year's interest on the James' Loan or the two
dividends on the 225 shares of Lancaster
Bank Stock.
Another direct, palpable and gross fraud
was committed upon the Bank in May, 1856,
by which it lost $l,OOO of good securities in
the following manner : In 'February, 1856, a
resolution passed the Board of Directors for
tho appointment of a Committee to investi
gate its condition, and on the 3rd of March,
1856, the following Committee was announ
ced, viz : HATHORN FREELAND, BENJ. ESHLE
MAN, AUGUSTUS BOYD, A. HERR SMITH, and
BENJ. C. BACHMAN, Escirs. This committee
proceeded in the discharge of their duties,
and made considerable progress, before the
dividends were declared in May, 1856. On
the Bth of May, after the dividend was-decla
red, Mr.:Born, a member of that committee,
moved the Board of Directors to allow Mr.
Gomm to exchange with the Bank its stock
at $55 per share for a bond of $4,000, which
the bank held against Mr. GLEtat as princi
pal, and five other responsible names as sure
ties, which was allowed by the Board to be
done. Mr. GLEIM not having at that time the
stock to transfer, Mr. Born procured for him
a power-of-attorney from his brother, J. TAY-
L 01?. Born, and his brother-in-law, T. W. HEN
DERSON, for the transfer to the Bank of the
stock held by them respectively, and also
gave a power of attorney to transfer the stock
held by Mr. Born himself, thus palming upon
the Bank its stock at $55 per share, when he
and the members of the Board of Directors
must have known the stock of the Bank to
be worse than worthless.
Among other causes, also, of the insolvency
of the Bank, was the paymerit of the notes of
Editor and Proprietor.
NO. 31.
Bank
„
Fifties Vitficiut there being funds standing to
their 'credit in the institution to meet them.
The most barefaced in criminal transactions
of that kind maybe summed up as follows t
In March, 1855, Wu. L. 11ELFENSTEIN had
notes maturing in the 'Lancaster Savings In-
stitution for over $50,Q00. These notes•were
endorsed by either the President or Cashier
of the Lancaster Bank, in their individual ca-:
pacity, .and--also by Jiro. F. LONG tend Tues.
BAUMGARDNER, then also Directors of the
Bank. At - the maturity of these notes they
were presented to the Lancaster Bank for
payment, and were directed by the Cashier
to be paid, although at the time Mr. lIELFEN=
STEIN had no funds in Bank to :his credit to
meet them—thus appropriating the funds of
'the Bank to their own private indebtedness
to an amount exceedini , $50,000.
Another cause of the insolvency of the
Bank, was the taking. away from it, by DAVID
LoNcENEcK.EK, of $14,000 of first . mortgage
Sunbury Railroad bonds, which had been ta-;
ken by the Bank as collateral and returning
it in lieu thereof an equal amount of the sec- 7
end mortgage bonds.
So early as 1840, when CHRISTIAN BACH=
MAN was its Cashier, several transactions took
place which were the means of losing to the
Bank, more than $50,000; one of which was
the loaning to Mr. SHOENBERGER, $25,000 of
the money of the Bank, without the approba
tion of the Board of Directors ; the other was
the loaning to P. A. VANDYKE, a broker in
Philadelphia, $25,000 for which a specie eer-;
tificate was taken, and which is still in Bank ;
having been counted as specie from 1849 to
this time, in the assets of the Bank. •
Among other losses to the , Bank, may be
enumerated subscriptions of Stock to Rail
roads. On the 27th of December, 1852, the
Board of Directors subscribed $5,000 in the-
Stock of the Philadelphia and West Chester
Railroad Company; and on the 13th day of
September, 1852, the Board subscribed $5,-
000 in the Stock of the Stinbury Railroad
Company--investments of the funds of the
Bank foreign to the objects of the Legislature
in conferring banking privileges; and no
Bank can exist in a healthy condition, with
its funds locked up in securities, from which
gold or silver can not be realized to meet the
demands of its circulation, and which are so
liable to depreciation.
The whole management of this Bank, from
1848 to the day its doors closed, has been
characterized by wicked criminality on the
part of the President and former Cashier,
and gross negligence on the part of the Di-*
rectors, in whom was confided that trust by
the Stockholders. It has been used as a
family affair, without any regard to the rights
of Stockholders and Depositors, as if its capi
tal had been placed there for the especial
benefit of those, who, by misplaced public
confidence, succeeded in the control of its
management.
From the sworn statements of B. C. BALI:J
UAN, its Cashier, annually furnished to the
Auditor General, as required by law, the
public were credulously led to believe the In ,
stitution was in a sound condition; but, from
an examination of the books, these sworn
statements are found to have been false, and
were known to be so by the Cashier at the
time he made them.
As an example of the manner in which the
Bank was used for the benefit of some of thd
Directors, the minutes of the Board show
that on March 13th, 1854, a private banker,
then in the Board, was authorized to over
draw his account, $lO,OOO, paying interest at
the rate of throe per cent per annum. • This
money, was, of course, used in shaving paper,
and was liable to be returned to the counters
of the Bank the next day, and gold or env&
demanded for it.
It may be that sonic of the paper held by
the Bank, which is now worthless, was dis
counted by D. LOIgGENECKER and B. C. BACII--
MAN, the President and Cashier, without the•
knowledge of the Board of Directors ; but the'
notes thus discounted were not drawn at ono
time, but ran through a course of years ; and
it was the duty of the Directors to have known
what was done behind the board—which they
could easily have known by looking at the
books. No investigation of the condition of
the Bank was had from the year 1848 until
the year 1856—evidencing a degree of care
lessness and negligence, on the part of thq
Directors, entirely inexcusable.
The losses - which rendered the Bank insol
vent occurred gradually from 1849 up to the
time the Bank closed its doors. The commit
tee had not time to place the several losses to
each year when they occurred.
W. W. BROWN, Chairman.
Somewhat Stingy
Old Pinchcm had the reputation of being
a most miserly man. One day coming out of
his stable with three small nubbins of corn
in his hand,, his cow, an attenuated burlesque
on the bovine genus, approached and made
it evident that the provender would be high
ly agreeable to her palate. Pinchem gave
her ono of the nubbins which seemed only
to inflame her hunger, for she followed him
bellowing for more. With a sign of regret,
he gave her another, 'IAA just as ho was
about to enter his door the cow intercepted
him, and scorned inclined to contest the pas
sage for the remaining nubbin. Thorough
ly enraged, the old reprobate flung the last
bite to the animal and exclaimed 7.—" There'
you darned fool; take it and founder."
Ee-Tho ago of a cultivated mind is often
more complacent, is even more luxurious than:
the youth. It is the reward of the due use
of the endowments bestowed by nature;
while they who-in- youth have made no pro
vision for age, are left like an unsheltered
tree, stripped of its leaves, and its branches
shaking and withering before the cold blasts,
of winter.
110—There aro many who waste affection
by a careless .neglect, It is not a. plant to
grow unnurtured ; the rude touch - may de4 -
stroy its delicate texture- forever ; the' subtle'
chords of love aro chilled and snapped astm- ,
der by neglect.
De-Horace Greeley has brought
suit againSt T. W. Gray, editor of the Cleve
land Plaindealer; for articles publishe'd: in
that paper during 'and since the late cant
paign. The damages claimed are tilt);000.
Well, this is decidedly rich, we did not
think that Horace Greeley,. who is the gross
libeller of everything that is good and just,
and every great man in the country - ,, would
have the impudence to bring a suit or libel,
it matters not what the provocation.
Charles," said a father, to his son,,
while working in a saw mill, " what posses
ses -clu to associate with such girls as you
do ? When I was your ago I could go with
the first cut:' -
"Bat," said Charles, "The first cut is the
slab." •
•, , ,.-The truly great and . gooct in ttillietion,.
bear a countenance more princely than they
arc wont: for it is a temper of the'• highest.
hearts, like the palm-tree, to strive most up
wards when it is most burthened.