The Susquehanna register. (Montrose, Pa.) 1849-1854, December 06, 1849, Image 2

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    , liii =
- t-#EOE
for tho article fro
copy Ift)m
d, giving a steel:Dent relative
Am, which Will be read with
thing else; and
&c, this week, we de
to editorial matter.
,loiabis, and as ants apprehend
ike unable to 'elect Speaker at
liriAted M follows :
103 102 102 102
26 96 1 96 9it
6 6 6 6
A 8 ! 7 '1
18 9; 10 10
Tuesday, but no choice.
inthrop 977-StatteriUt2B.
ows Psumnat.-14ndge Persons of
threw out his dem *boat Exec
'a kit at Gov. Johns*, has, been
by the showing of the liar
that both Governors Skink and
annually much larger number
.!bile Gov. Porter, under whom
Parsecs served 'as Secretary and
but the ,Pardeesturned loose near-
Johnston's one, on an average, per
best of the joke is, that among
.. .ire arid politicians who have
re-echoed the charge against Gov,
number of his pardons, a public
Locofoco party in Medford county
saying that "the frequent par
eriminals,by Win', F. Johnston is
unfit to be governor of this
ition was got tap and presented
George W. /30Vautri, editor of
who was fibasett one of the
under Gov. Porter !
, "sr
Jwca, whose term se Canal Corn
cease next :Tannery, has been !Ili
: Taylor, Charge to Naples.-- 7
Will be extremely gratifying to
of Gen. Power in this State.
to have , suffe some from ill
ly, we trust that the date rumor that
expected,to live, was unfounded.
has been afloat that-the Union Banl'at
J, bad failed, or had been so bard run as
• credit ; but the Sussex Resister says
"If by a prompt redemption of all its
(ed, and re-assured the public mind as
... LA4l° 4 B Boos for January,. 1850, has al
been furnished fur its friendi of the press,
Iffi in advance of its date, that it may be
'it's merits do not fall behind its promises
we have copied. The publisher
he now has a larger subscription list
citherinagazines, be is enabled to exceed,
"i - itTexceed them in the number . of Engravings
the amount of Beading. The embellishments
• lenearyiNo. are
liglubsetkes of Christianity into Britain, a
A
of_ 1 rA t m
or the-Old and New Year.
Balls—Childreo's Fancy Dresses.
',liintderrattic-of the Lady'l Book, in
m'paate in colors. •
►Wesley.
little childrn.
ig the multitudes
plkte,and a variety of wood esir
, to o. embrace our offer of a copy
,/a and the Susquelyunia 'Register
fir Is3;/5 cash iitadrance, let them semi
`arifinsible.
Burma Jonszaws—'thisinammoth
sand rew Years bad been re ,
is !truly an immense sheet, exceeding,
any of its predecessors in the size, yl=-
4 of its engravings The well exe•
, portraits of P i resicient Taylor and
! is a desirable picture, airing generally
lilteriesamore presume, (from those oi
isr6 have seen—that of Mr. Clayton of
940 'Pleasures, 'l3llies, and
Wan Now York," a a picture
fire, ring entirely across two pages
Fetbei of theseis worth double the
4t; and the'rennerms other ergra
"-Puma of choke milling matter
coder it a very desirable sheet
: mmito it i yhich,is offered for lY cents
or .tea copies for a dollar. Wilson
are tin! publishers. ,
nallainon—On-"Fiiday night,
Orgatewiteneut was occasioned in
, igaeasery of portions of a Inman
(Wage, shoat Aospartinent
Muria, wileh were =wailed to be
-poetic ?wham, who was, missiug,
'ige;eollegivrhere it is Mid he-
WebSier - About a debt ~he owed
between and. WOO. The
xthei:Webeter must
~to cancel the"Aibt; and then
v4ious of the body toe' ieried
ihrd4Oidentlylieeiimningocono-'
for A day or tWo thane;
tof. Webster wis
ar
lodgo.jail. '
later
, 1849.
of Compose.;
city
Wer t
very
been
mode by
brolro,
toll;- to
101101
Arnaratt
.4104611
, 111 . 4 , 1111 V"
`As evciiY Aril; reNiiive naltasaisilltsusk ,
/tnil alba c - Wkstaisces ":li* ittijor
ylii 4 ; are,
bouttkittisly4we ! , ,balcr4. foliTatur
clarlistdaymbhe Atiboalin
obtwnedheontrj af the~m,titgfupnd o[ the,
trann setio,nntulted MIN! explosii, writ
:ten by a gentile.man Of 'Wapiti* for the New York
'Wis *kali by
a Curd of ?kneel St. John, published in the Hernia .
Of November; 1 th, detvhsar , and R U_L i lm,pc*,
• ; , h - iii6 . 4riiiit*taiti, of r ty
ansquit;iimirtotinti,
either as owner or agent, m a lle ging Suit al Ihe
bad - to do with the-bank, eras inthe way of hie bus-
Mess as a broker in -New-York oity—thit he had
purchased a large amount of its Notes in that ca-
pacity, , for the'redemptien of which he thieatened
-to sue the DireCtom This Card which we intended
to have giv along with the stat,ement, we have
not now indur, possession ; but will endeavoi to
procure it fat: insertion neittiveek.:, We subjoin also
a Card from' Thotspoit, copi4hy the Herald
from a Ciocinnati paper, attempt* to shirk Aim
self from the himds relative to the - State Sank at
Morris and thin Bank.
•
Developments of the Susquehanna county
Bank ,
'_ MONIS 081 Pa., F 1 849.
James
26, MO.
I
tames Gorden Bennet, Ear:— J
Stu :—I have been requested to enclose to you,
for publication„an expoee of the aseses of"the re
cent explosion of the Bank of Susqhehsnna 9ounty.
The card of Aueel St. John, published in yOur pi
per some time since, has rendered the enclotred ar
ticle necessary. It was drawn up, and prepared
for publicatioh, by my ifather, Benjamin T. Case,
with the concurrence off Wm. L Post, the prosident
of the bank, and Henry prinker,E.. l , of thia place;
and they will be responsible for its pubrfttion.—
, Yolly respectfully,
BENJ. ChM; V. at.
The Statement of the Susquehanna Bank,
The late disastrous failure of the' Bank Of Sus
quehanna county—the excitement created thereby,
and the erronebus statements of the causes that led
to it, published in the newspapers have induced
me to draw up and lay before the public what I
believe to be a Correct narrative of the whole af
fair. Athough I have not at this time, and never
have had any ; personal intereat , in the bank, yet,
recently, circumstances have made me acquainted
with the facts relating to it, that, previously to its
explosion, bad been carefully concealed, net' only
from the...public, but from the board of directors.
In the latter part of the year 1844, the bank be
ing in a state of suspension from losses sustained
from the thrancial operations of the first eeeliler,oee
Isaac $. Kellum, with Storm and Morgan. brokers ,
in Philadelphia, whereby nearly the whole Of the
original capital paid in hid 'been sunk—a negotia
tion wits entered' into, by: the then directors, with
one /kneel St, John, then'of lembertsville, in New
Jersey, toresuscitate the bank, and re-commence
blinking operations: This negotiation resulted in
an agreement, whereby the original stockholders
surrendered, without receiving any paymentthere
for, one-third of the stock held by them, to Aneel
St. John and his 'nephew, Thomas P. St. John ;and
there Was placed to their credit, on the stock txark,
the further sum of six thousand dollars, on their
payire: in one-half of the, amount, or $3,000 and
sulxwqoently, Thomas' P,' St. John took the er
amount of $3.300 of stack, for which be in
1,850. It was further; , agreed, that Ancel I and
ninr i
Thomas P. St. John shodld appoint seven 6 the
thirteen directors, ati-I ithat,the other stockho dens
should elect sixthtts4i 'Wing to the St. John the
control of the bank—tang, in addition,• to
be the cashier. Mr. Giod., aard the partner of Ancel,
had smile concern in it, bht what does not distinct
ly appear, except that mane time after there was
placed to his credit ,q,ogo of the stock issued to
the St. John. , . The St. Johns also agreed t put
the bank in operation ana redeem the notes at the
Broker's shop of St Jahr ik Goddard, at Philadel
phia,,,lor which put-pi:Fie they were to furnish els,-
yi
000, and such further Me
s as might be found n
1 cessary, for which the r were toreroire interest from.
the bank — they , to tinue the redemption, as
i agents of the bank,ited ;maintain the eredit iof its
issue-a, until the expiretblii of the charter, in 1859.
No sale of stock to bel Made so as to transfer the
control of the institutit'n, by either party, without
tbe amsent., of the Meer. In pursuance of this
agreement, vitas P. St; John removed with his
family to Montrose, and the bank re-commenced
operations, snider the si tontrol of him'and his *mete;
m Apnl, 184 5 , , and continued , for aught that
was known IttY any of the other stockholders, until
the exidosion, on the lith of October last. The
money above mentioned, paid itf by Ancel and
Thomas P. St. JOhn, tog4her with the small rein- 1
nant of the taightal capital not sunk by Isaac 8.
Kellum, the firstncaslner,und his friends, Storm rk
Morgan, consisting of a 1 few notes 'that had laid
over, and claims against individuals, hot amounting
in the whole, to more than s6.ooo—if to so ninth—
was tl,e available capital upon which operations
were re-commented and itounnued, as I cannot as
certain - that there wait tiny further accession of
capital. Notwithstanta •
g, however, the smallness
is
of the bas upon whi the business rued, the
credit 'of the notes issu was tolerably well sus
tained, and things appeared to go on smoothly un
til January, 184$; when it Was announced that the
redemption of the • notes: had ceased, not only in
Philadelphia, but in Neir York, (to which! place
Ancel St. John bad in * meantime, removed and
opened a broker'S shop, tinder the firm of OOddard
tt St John,) and that they were selling in those
cities at fifty per, cent diarount. A meeting of the
depositors, but few of whom were stockholders, or
in any way interested in the bank, ivas called at
the hulking house, by the cashier, Thomaa P. St.
John, who stated to the* that the stoppage arose
from a sudden and unexpected rush of the ; notes
for redemption in those cities, which -- had exhausted
their available funds—that the bank had met with
no loss and ir he could be permitted to use the de
!mites, amounting to abdut $13,000, for a fen , days,
at redeeming Such notes as might be presented at
the cedriter, the Link could be sustained.
The depositors having , full confidence in km and
in his } r epresentations, not only permitted their
money to remain, but increased their deposits what
theyoorenientlY could, which, together with
lin.pay
ments monde by debtors , e bled him to Pay all
notes prftented for redeM • until it wasifound
emartmient to'restme pap le those citiek It
has since heti suspected; d some InoW believe,
that the doping WAS 4 financial operation of the
uss oi
St. Johns ,' to' enable them to p to the notes
of the b ank at a large discount. • time the y
the
p i t
forepart of the list sum er, • ' began ti
be entertained bir some t *II was pot right, and
they ceased making de ' is in the blunt , although
no one Celia girt sly reiteAn for it, tfuttlier than
the mode Mirhielithe bi:ssi gran seas was Itaited—
' the ill temper Sibewp:..lol. the:-eishier' when bills
wMeAmted for: -tWption, and the signing
ml ., ..
~
and up of huge mount* of ne w holew i te -1 3 e.
5.,
in cirmration.l, Thilliittiii viii_sittecninted for
` Thonias P. St. John, when :aikedilvhflt was 1
by 'saying tbat belied -lpecOnni tired 4 see
isat the - Siete, with Imae -?relltliiiii name la them;
Itied
that *am Ofthen had
in e flf name
defaced,
fit Weaded.to, sr 1 " all keen eir . .' -
sahalkiir' IMMi WV - Oli“ . their : 'Anew
zirolin;liiirri4l . ,lfbiold'notrfiiirrn •- ' , ti k :eife:
ink& tialreenifirithirdit !'., J.. 14 : ..,,
•'' An t 4s,Trf. statikobbvivAtOil!nimil- - .P.
41S
iti;telintia : - Peneirl. Do.a . ilinAioritY
of t!he iditicioS‘ , 4 1 ,0.*: 1 Pdos 403esolier.i.od
sai•,comossfit ' li , slobs eami , ot
ihrTakAtist, „,. ~. :1 6 0 - 44 =4Wilir
Isseckalast - . ,'-. witalai
-
....L,-....,- ~:- . -7
loir a .0,49 intioglith
~,,rasumption of busbies b .
,-irtAp44l4/45,
,find the rnietings *Abe ' - irli and
:more rare, and , 'lter Vie time d iliiiclid
bot meet at all, '''' buss , - torther.b some
t ux.
p .. h/ Th e dig übillegeneAl
, y, with but fer,., • :: -- pti._ i oplOad
j t-leince
3n the integrity , fi nluwild *bill ofithoinas P.
ea. John, whicriOn — tiniiiii iiotil the i had .itein-
ally.amplmiaii,and4-waawity -the
business. was left, almostentirely, to-the menage.,
went of him !tnd tmele Ancel. • ;
-Itxrw—axane.tatbe causes of its final failure; as
brought to light by 'the investigations 'which haves
been aside by -the: committee appointed- for that
purpese and others
• and although ether hlgasre
believed Coslnive itiert — ited in riome digree, yet the
following were the principal • muses of the final
catastrophe, and they :were entirely unknown to all
but the Immediate actors in them, until brought to
light by the investigating committee, and by the
examination of Mr. De Lamater, the last cashier,
under oath, befornamagigitrate, as a witness in the
suit brought against Thomas P: St. John, under a
rule of court for that purpose.
It seems that on the 12th day of May last, one
Egbert A. Tbomption, a practisn lawyer of Cin
cinnati, in the State of Ohio,- drew up a letter of
attorney, which was signed by W. Q. Hodgson, a
_druggist * William ;Bradley, a miller, and one James
E. Furness, whosebusiness has not been ascertain
ed, authorising him, Egbert A. Thompson to. pur
chase for them "the whole, or any portion, Of the
capital stock of the Bank of %Susquelistraut county,
at Montrose, Pa.; or the stock of any other bank he
may deem proper"--end in case of the purchase of
said first named stock, or any other, he to have the
stock transferred to himself, as - attorney or other
wise, as he might deem best; and - to have them
elected directors if he thought best for their inter
ests ; and in case of such election, he to vote as
stheir proxy at all meetings of the board of direct
, ors, and to do any and all acts and things as fully
and completely in the premises as they 'might or
could do if personally present.
On the 144( day of May, two days after the date
of the-letter of attorney Igleheart It Co., of Cincin
nati, wrote a letter addressed to " E. W. Clark
Dodgeak--Co.,bankere, New York," in which they
recommend W. 9. Hodgson, William Bradley, J.
E. Furness, Peter Voorhis, ,Egbert A. Thompson,
Robert Merrill, jr„ and J.'o, Brown, all of Cincinna
ti, as good for six or eight thousand •dollars each,
and jointly good for forty thousand. This letter is
in the hands of Thomas P. St. John, and was pro
duced for the first time before the-examining mag
istrate, on taking the deposition of De I.,amater,
above stated.
On the twentrsecond day of Mai, Aneel St.
John, and his nephew Thomas, having standing on
'the stock book of the bank eleven thousand dollars
of stock. for which they had paid. as - before 'stated,
$4.650, besides twenty:fife thousand dollars of fic
titious stock, for:hthicili Thomas had given his own
mite for an equal,sum, and which was never paid,
nor:intended nor ~ expected 0- be t and which has
disappeared from, among the
_papers of the bank)
-entered ,ain to a-ciontribet. Thampoom;
notwithstanding their Agreement not to sell with
-out the consent of die other stockholders, and gave
to him a writing drawn up in del handwriting of
Ancel, of which,the following is an exact copy, :
"New Your., 22d May, 1849.
" The subscribers certify that they have at their
control and disposal, fifteen thousand dollars in the
capital stock of the Bank of Susquehanna county.
at Moutroie - , Pa., which is full stock on the books
of said bank, and which we do hereby stipulate
apvl A
and agree to convey to E. A. Th mpson. Esq., of
Cincinnati, on. demand, or to such erson or permits
as he may direct, in considerate of twenty-two
thousand five hundred doll - to us in hand paid
this day. - A. ST. JOHNN,
• T. P. ST. JOHN."
lutd on the same day they _discounted, as if done
by the bank, a note of which the following is an
exact copy, the note being in the hand writing of
Ancel Si. John, and the signature. in-Thompson's.
" 820,900 New Yoax, 224 May, 1849,
" Ninety days after date, fur value roceittilati we.
jointly and severally promise to pay E. A. Vhonip:
son, or order, at the flank of Susquehanna county,
-Pa., twenty thousand aloilars. with interest. ,
WM. BRADLEY, .
by K A- THOMPSON, Attoriaey,
W. Q. HODGSON, .
by E. A. THOMPSON, Attorney,
JAMES K FURNESS.
by E. A. THOMPSON, Attorney.
K. A. THOMPSON:
Endorsed E. A. Trroxesox. ~
They also discounted six notes, for $2.500 each
of the same date, purporting to be drawn, rpee
tirely, by W. Q. Hodgslai, Peter Voorhis, J. C.
Brown, and Robert Merrill, jr. ~ Oa the second day
Of July, they discounted . another note,: signed W.
Bradley, an on the thirtieth,; two others, one for P.
Voorhis, and the other for, W, Q; Hodgson, in all,
nine notes, of $2OO each: These notes all pur.._
ported to be endorsed by James E. Furness and E.
A, Thompson.- , • The whole amount.thus discounted,
being 842,650, including the note for ilsBooooo first
mentioned, and it is said, all those persons resititiel
Cincinnati, in the State of Ohio. ,
On the 26th of May, Thomas P. St. John having
returned from New York to Montrose, procured
the directors to be called :together, read to them
what he said was a letter from his uncle Ancel,
recommending those
.persons as men of capital,
safe, and - doing a large business, and stating that
they had made inquiries of persons referred to in
New York, and were satisfied of their ability. He
then, as one of , the directors, moved the following
tesolutiop: which was passed and entered ea the
book of rninutes. ,
Resolved, That the cashier be authorized and di
rected to discount the notes or drafts, or both, of
Flodgtem, Voorhis, Mernll, Bradley, Brown, Thomp
son, and Furness, of Ciucinnati,:at three and four
' months, is from time to time he may' deem it ex
pedient to,an amount,not exceeding 840,000.
After the passing of this resolution, the notes
previously discounted hi New Vol*, on.; thei 12d,
by him and his uncle, were placed, on the
,dis Count
' book as haring been done under the failitiaing
dates ; That of Hodgson, under the week:com--
me ' May 28th, of Voorhis. under that'.com.
Men . June 11th. one of Brown's,. June 11th,
Bradt y's, June 25th, and the othOW Brown's and
Merril 's, July 16. The object in thus entering
them the discount' book. ma r tl• it u
I lil l y be con :
ceive after reading the above. . don. •
Th check for the 20.000, for which e first note
was en, bears date May 2811i,,is'fill pin the
1
hand riling of Thome; 4.. St ' ohn, and is sign
ed by any one.
Three of the nine dotes for $2,500 eack ar ac
knowledged hy Ancei St. :John, in.a letter to r.
De Lamatter; dated Angust 23d, signed , "A. St'
John, per L P. St.. lohn;', to } lave been PAW on that
day, and credited to the bank. How this other six
stand, at the present time,','"thit St. Johns alone can
tell, as they have them in their poression.
It is not too violent a presumption to suppose,
that the 820,004 was intended to pay,the St. Johns
for their stock.. How the residue; $2,500, was.
paid, is not so clUar. !Tiiompson might hare paid
it in cash, or it might have lbeen paid out of Ithe
proceeds of the other' notes -discounted. At. any
rate, 17, applying Dotes in their. bands, redeemed
bythe!n - Witlethefundi supplied by the bankaa l l
'thus muiringtbeili ba bia'Plii, recleaned, would
Mich ;eintarrica`,:tti- instants* and
o ccasion.';; .
continual`ntuit for 1'444;0000m._ ' With WAS
•the fact na4ak:the_piatenee that the redieeptied s
were,lergli'' " Anni* jai; liiekThelual; (bett
in the . .0# 3 in his melee ,- were 'tregilleitlY writ ing
' feieeere fee& ,tii be Oak ' O6 : whereby the iesttta-',
'then 'ittis kaaatautli•datiatatdetiniethie *help sum;
100 . . and autumn to tia , g 7 ol of October, ,whait it
.77 TC.re was kiski lusi*Ohif:
1:7,04 . committee giiiv•#4l l ;ik ' .instruiniitki
'''" 11 1 -11 4 00'''-.4 * I .P! . .9 1 . 4101011,-deted the:, Oth
air .I‘* l so - til rat iii.ktr*B;:firSt"ift
liasibitirsai the r e
timbals; tictsaii . - ta hall dal ,"*.' the ,
1 1°
Plan &reef, Neer lork)
nano A.ltissum. : URA% W. ISETIODZIt
01 , 1 ,ilia Ofyik"ldation 44lle • , , . 1 0 110 a. t.' °l'
Oar
nitiety tboulitsid doiltallN, " : . - - A % peolOoveulikV
citind agkit*d "lio_P MI ', skraiid Is to
W a i n f o rAnin,Ain: far . : ':biek such !. eitialt4on
*it shbuld bait ntiiiel# gtettiiiiettlin hoiiii loikkisT„
4:iiiiiitke. ae:',tO markt 'l ir r their rhaiiimptkiii;'
)01,4 t.4lo.iws_.* cial.--a . : g 0 ;- ee —iblifine '. ,: : -
notes, while in cir c u la tion. . e merit te'ire
.tinno i n d e snitely i and -could renlykrbe- annulled by
the bank directors.giring Tim:pion-one year's . nor
tics of their intention .so to" o. i This-agreenent
was never laid- , before the hoard. of directors, or
k no wn t o any. olthem, except Thomas P. St. John.
nor in any way -sanctioned by, any person author.;
ixed so to do, on behalf of Iltir.. : Yet sixty five,.
thousand do ll ars, hr notes of the, bank, were Issued
to him, as part of the ninety thow.arid, all of which
was done by and under the direction of Thomas P.
St. John, and passed dimmer the hands hands of Ancel, -
who' become Thompson's agent for their redemp
tion. Twenty of the sixty-tire thousand were sent
to Thoniprp, to be pledged to the State Bank at
Morris, for an equal amount bf the sera notes of
that bank, to be mixed with theSusquehannanotes
1 for circulation in the Western Sates. Seventeen
ii i
thousand of this was in notes F . 'ed by Thomas,
after he bad ceased to' be cashie rand ante-dated
to Janaary Ist, 1849. A package including, in all,
$19,000, was made and sent to LAncel, and under
date„ of " New York, 13th of August, 1849," he
wrote to De Lamater as follows: . "I have deliv
ered to E. A. Thompson, Esq., the notes of your
bank sent to my care, amounting to nineteen thou
sand dollars, and have paid hini;l from my funds,
one thowamd dollars in - addition Ifor which latter
sum, you will please give me credit^
The contracthaving been made by the St. Johns
with Thompson, after they had said out theirstock
to him,; and had ceased to have any interest in th
bank ; 'and their subsequent dealings with ..I" in
relation to this $O,OOO, would almost induce ..
to think that a community of inter e st existed among
them, And that they were partners with him in the
transaction, and sharers in the profits.
It seems quite clear that the parties were inter
ested
both in the'Bank of Susquehanna county and
in the State Bank at Morris, at the same time; and
that they attempted to sustain the -one bank by
the other.
On the 28d of August, " A, St.; John, per T. P.
St. John," writes to the cashier, De Lamater :—"
have this day sent by Rice and Peck's Expre;q. a
package to your address, contaMing $5OO, bank
notes of State Bank at Moms, which will be ex
plained by Mt. Thom peon's tette/ enclosed. You
will please credit the same to my !account."
On the 80th of August, A. St. John writes—" I
send for my credit, 'New Jersey batik notes, R 1,500
Susquehanna county do. 8500 P By " New Jersey
bank notes," is meant notes of the State Bank at
Morris.
Ou the 22d of "September, he limiter—" I send
you today by Rice and Peck's EXpress, a package
to my credit, containing tt1,600 in l your notes, and
$5OO in New Jersey notes.' I 1
Oct.. 20, the day before the bank failed, Thomas,
srritino for Ancef, ear, A, :B. is here, and
will remain till Monday. Thompkon is also here:
he expected to send you some Jersey to-day, but
hns not been able to get it 'wily will send it to
morrow or Monday at farthest:" I
And Thomas P. St, John, whit in New York,
after he had resigned as cashier on the 4th of Au
gust, and De Lamater - had been appointed in his
place, was frequently sending' inktruction.s to the
new cashier, and among other letters, wrote to him
as fidlows
First, without date—" You better send.down the
'55,000 draft, which Thompson sent on to you, in
renewal of those due 25th Sept., viith directions to
A. St. John to sell or hypothecate the same, ae.,
as he can probably use it here; to iaise money on,
until after the fail redemptions Die over, in case it
should be needed. Thorußcen Will send you up
some Jersey money to-morrow, ILO be hasgone for
it to-day, and will soon send yen' some gold. I shall
probably leave morrow night for home. Send
the draft by tuoinorrow's mail AL' A. Bradley is
)lere for a-dar or two, and we are Eery much pleas
ed c
with him.
Secondly, also without date—You will notice
$.400 of the above is in tens, and they are undoubt
edly a part of the sum which ;Thompson pledged
with the Jersey bank, and which was positively
agreed to be held and not in stay clse used. There
is foul play somewhere, and you had- better write
to Thompson at once on the stitdee;t."
-" Since writing this P. S. we have just taken
$4OO more in tens, evidently frornitheJersey bank,
as it is in the original wrapper.! What does it
mean, or can Thompson know of iiT
Aug. 2t.—He writes to the cashier —" Mr. Thom p
son has gone over to New Havien,And will be gone
until early next weef. fie hits th'il.l three of the
drafts, mostly in Jersey money. bat which cannot
be paid out here, and only used by hypothecation,
if used at all. $5OO of is kind wius sent you yes
terday bviA_ St. J., whih you &Uzi use in redemp
tions and honking' change': const7piently you need
not rehaitt*ny other kind of foreigti money on hand,
but send down as often as you git a few hundred
k i
c
dollars together. as it will save u s ing Jerse mon
ey here, in taking care of your tin4t4 and re , thop
tions. • Thompson is advised lost telegraph, tin his
[ Western friends have sent hi`rn ''l,ooo, and will
send more soon. All smooth herej I shall not be
1 home until next week soma thee."
Sept. .25, he also wrote to the catihier—" We are
rather close in coupequenee of Theimpson's not re
mitting, for his redemptions, whichihtsve been pret
ty free. for some time back ; but as! he has been up
to Indiana, which accounts for thidelay, we look
for remittances frem him on Friday, as he tele
graphed, to that effect. You must send down as
often as you can—Lkeep -the pot boiling."
Oct. S2d, he again writes—" I •telegrapheil you
yesterday, to know if you had terit - anythinm.—
Thompson's redemptions have been large, and his
funds small, and we are largely idadvance to him,
though he promises to*put us in fends 'soon. He
will also send yen Some more Jersey some time
this 'week, in payment for the atnotint of your notes
which have been used by the Jer..Sey bank You
must send forward all the fund yuu can get, and
as fast as you get them. - It FOOT calls before
Thompson puts you in funds, you have to dci
the best you can with him, as *e Cannot help you
just now. You' had better write to Thompson
about Emig and have him previa you some specie."
These extracticselected from a nUmber of letters,
nre'deemed sufficient to glie a coOect idea of the
nature of the proceedings of the parties mentioned,
in relation to the bank, -although ,snore might
added,
This expose having extended to' s greater length
than was onginallymtended, much has to be omit
ted that may be parrated h4reafter.'• Every fact
herein stated can be proven, 'if it should. become'
: t :ij
to the amount of the notes `lsf the Bank of
$, , ueharum county. thatare oni ; 'there is' rid way
Of : .•rtainhas it with precisior. -
,„ has been sta
ted in ,e of tho newspapers o,B2oo,ooo r —hat;
u
i ttt
there Of ; , .. reasorf to believe it'es - xsseds that
stun. 'The ~ ount of funds to' rens those notes
is . alsof very •• -, but' reus Mr der all eirtum
stances, a , ll far ; . • of.the sum required.
know
distress must ire ftably follow , bit I know of no
remedy. • The , paid in has all been limit, , rind,
an there - bar not .- . any,divineoltnsade since the,
reaumption 'in April, : fii - the he t e le total,'' i t ;
may be said.. and with .'r - , reties that° the i
di
rectors of ;the lank , are" - - ~ bl ihr-not paying:
more•ettetWou to its - . - ;bu Whist it is rec- •
(Mated that AntitAkid .... , ~.E1t.., 4 0bn had'
the right:tit teinpstaie , seiress etk . f th ition- direet-!'
ors, and thattheyy were two of the : ireti,::iiii - ithet
Thomas had the entire Central! .•- . 2 iMit" 2 40011:i ' to
eiefekas It; it'll( surprising %kik • . dea
to die,busineal;.,lmed,santlL 'OiriciWiti4
tirely (staled toVa rendered; -:.t ::•„ : : - 1, j l : ,, ' , t - ir* , ..'t
I .=,; :4,- ; ,---, : . • •, , ; "..`,i. .
-tp• -7• L T... 1 , 4',•_::
14* A 400fliftei ifilifirli :: ~,''': - 1 i
m a nt ed
biseiibidAliti relit sill 1
ei rallthe‘tidr;
m the kiiiims,"—vkaar : - al iriat tier
s 10 4 wigs; '
1 A T Z2r il iol; iii: ). 6i Qr c*
1 June 15. .H. V
. , , .. _.....‘.. ,_ .
1, .' ~:., `S tar - - " BOX idlift
fi . .4.04 the -r..' ;:tikuiti' of . :
i.,..... ....--r
1, , ,, , ,,i17: 1 4 no
,-...
_ .. :lt
altsAat of. 4.NorttliN . r . to
it i
4.:.4**, 4pA the !itts:chi' ' ' .it
lultehat_tiftlit; I *LIM e .
may be inseried in your' next pa '
. - - .The-.. Sets.. arAny ..connectkita-w .
these: .During the last spring I
profesilonallyt, as an Attorney to
chase a portibin of the stock of
Bank. I hal4ever beard of the
for all I knevi it was as good as the
lea; its standing at the tune was ce
Wall Street,' ti:sl leareedliottiiiitiu
mission I executed to the satisfacti
ployers.
lit relation tethe New Jersey
East recently, I was written to to
portion of its' tackcould be pure
tamed that it Could, and-cornmuni
to my employ'rs: they replied,:di
c f
purchase, win i I did under their i
the stock wastransferred to toe, by
to the parties i I
eterested. ' This I thi
stance of my .agency . in the matte
I some (#' the business In closing up t
- done by me, my principals being.a
The statement about my "abut
going to Cincinnati." is akin to the
Th4 . 4airties there knew perfectly
a law:Vairesiding in Cincinnati, an
doing Quirking business • and they a
was then on mf way here with my
I partici with whom I negotiated assn
bank Was solvent and. to good con
was the oldest flank in New Jersey
chartered in 10'2 ; and from that d
been discredited ; they also knew or
know, that I was 'acting fur others.
concerned, I acted in good faith in 0
I have vet to learn that it iS not a I '
of an attorney's business,td negotiat
and sale of bank as well as tither s '
The William, Earl that Dorton so 1
/
cates, was secretary of the Same rott
Insurance Conipany in A'itgust la 1
Nortod was agent of the Cdrupany, i
be entirely in the confidence of Earl
I ani• others selected Nortori, and m
I de.it of the bank. After this and wi
sent, Norton let Earl have ' 3 "..' , 20,5Q0 i
ranee Company, and took stuck of th
ilton Bank as security, as Norton inf
letter, which is now , in my possessio
,;
ntely informed Norton that the II; ' 1
1 ed long ago, and that its stock was
; worthless, and that I feared the debt!'
l To this he. replied that the debt w.i,
debt!'
cure," and I hove his letter t,, that el ~
now .c.-tys that the security was wort
he president of the bank, and sworn
interests, let all this moriey . go to li
' The next assrtion is that the hi
U 0,450 ; and this man Norton,, Oil
bmik honesty ; an officer of the. batik
this large:eum end nut violate his oa
But the truth is he never did let me
sum. After I ;had purchased wporti
for my employers, Norton informe '
hank would require mote current fu
for redemptions in New York, and st
I should send some of the notes of thi
to be exchanged for other-fonds. TI is I agree:ll°
do, and Norton gave me at one tim t -, ':1 0 5 . 9 0 0 at
other times 'Z-2.528 and $2,000. TI ese last -two
sums I sent to M. A. Bradley , A; Co I drew on
them at. ten days .fight and gave the rafts to Nor
ton as ho regait sted. This wa 4 Wi01() it the „knowl
edge of Bradley st:. Co., and they, de lined accept-,
jug the draft, and held the money s bjeet to- my
order. •Of.all .the sums of money h tided me .by
the bank not one dollar has been pu' in circulotion
but is now hell! subject to my order f thijbank,
and the bank has been ,twice written oto sendidid
:lake it away. It was received by n l e for intl. on 1
I account of the bank and not on qiy p rate account,
nor has a dollar', of It been • usedi for my personal
benefit. I
I - '.
1
The sum and:substance of Norton ' s statement is
wholly untrue, and is evidently thrustppon the piib
lic to turn public attention from hirasiflf.
Yours, respectfully. E. 4, T(YMP§ON.
_ t _
•
____.--...-
1 .
TUXCLT QCIELLEZZI: PiLtrElll.-A. ITeSpOtlaellt
of the Pittsburg Gazette states t lot , ometime,du
ring the past year, Mr. Forsyth n. she iff, was call
ed to suppress a large disorderly meting, some
where in the suburbs of the - city. 1 1 en lie arrived
upon the ground, there was ever Y in 'cation - of an
immediate violent outbreak ;andlwhil deliberating
what to do. he Was approached by- v. Mr. Kirk
land:v.)lo requsisied permission to tr thn efficacy
of prayer on the excited pa..-inns of he throng.—
The Sherilf though doubting the resu t of the expe
dient*es willin••• that the expulrinte it -should ba,
tried. Mr. Kirkland immediate[ assi Mogi gustation
so little devoted above the- mu its , and pimred
'ri
torth apparently (rem the fulls I. a ,christain
L a
spirit a prayer most appropriate' to ti e Ucclusion.- 7 4
Innnegliately after he commenced; hose hose arrstii
him became cidindgegue of them veri t y reverently
tool off their hats, and when, at the Conclusion, he
raised his handy in the most sol
nounced the benediction with oil'
are usually dismissed, the mob d
as a congregatiiM retiring frdm c
Sheriff nu farther , necessity for
authority. '
COOLIDGE. rue Mcarizazu.—A )
lic appear ta, be determined t
Coolidge, the tntxrderer of Matti]
and we do not know but they i
latest news we havp of the mord
in the following extract of a lett i
from California ; ,
" YesterdayJnorning there
strangers from *seramento City, I;
cognized as the notorious Dr.
formerly of Waterville, Me. the
of , Ed., Matthews ; Could I ..be ,
came he:here NHas he escaped.
Coolidge well, at Watervdle—an
then ',never ark the nuns. Iris
thin and scattered over his thin
but it has grown out two or thre
,
He passed here' by the name of ,
His eye I caold not mistake. =" 1
but in no other ay altered.save
ly dressed, and **iced a little ha
told my belief tO W. and the no:
idge was; gone:4 Where he hag
gm
writ
dace
duct
higi! the
tiabl
1 8 4ar , dry 'n4.-
vs 41' 00.
ago. , •,--
ettel , 1
ve ot
i iied the
i
the tFris;l 4 -
Untrol, is Oa'
hat my re*,
-thaAtank--"ini ,
wits eMployed'
. East and pin.--
Susiveliartna:
ik betore, and
I nk of Amer-
• 'utir good' in:
~. of my em-
•
i while I was
ascertain it a
• tl. I . aster-
the terms;
i etiqg me Ito 1
trytion3, and
e transferred
tp
stun and snb
t , except that
. 1
e.i e ef:
ii
igydni:tei,
it
matter, k u
eorn;litain u ri
ni.trinv a baryreila t ednyi i
en,
burl
x t
that
gv,,,, e b a
ut i r .h
ati.w,..eTwiva s tat e ment.a
ntuvtihnl,. a was
I s
wast
oieddnerr:
timatelnanch
the purchase
k. • .
deeply impli
: n Prote6tion•
t. This man
nd seemed to
at least-Earl
e him' Presi
i de I was ab
-1 or the fuse
broken Ham
med the by
. I immedi
ton
bank fail-1
'undoubtedly
I would be lost. .
":mph- se
act. -while he
ie.:3; and yet
i o protect its
friend Earl.
- loaned me
wagon . of
let me sate
pf eitte,e2l—
army stih
•ti
ni of the stuck
me that - the
,tls to provide
•Aggested Oat
bank West,
13 '
lativerit
represent,
trtet,.-
Pecinsy
PAmm,
that,-11-
while on
young EU
both si
a hill
short time .
coming:tow:,
shot him, the
apd killnf
AN At
was at the'
with whlth,..
sion a Jugioir
give judgmt
" he ,was sru
construed
ordered tit
of the
Clark, wi,
would apoi
auy unpl
name of tl
cooly addre,
very sorry, my , That my
far forgot himself asto treat
with disrespect! hp li'extremr
will kindly ascribe his inintr
ignorance,- Youmust scat
Mate in drat. - He said
decision of
. yotir lordships!
been very ignorant of what'
court dery day—had he km
- long as flaw; bang Me. if 131
at anything - pier 4.cmiships did
The last ninher . of .the
following story:
A colored gentleman preach!
cum at.the South, said: , • I
" I s'spect, dat de reason de
en, woe ' - cas-e he use all de
he got to de hrack men, and l
brick. But dat don't Make rio
de' Lord look aftleisdabrack
Scripter dat too sparer h
farden, and .dat not one
ground without Air fadder-/ '`
ren, if your liebbonly ;fader
sparror and hawk, when yap
fur a farden, how berry much
dat - is wuf six ,or sebin huii.
- Tux Ftlimns op. - PEACE bet.
Tremont Temple; in Bo3tong of
latit. to trefixnue borne. the ; de
World's Peace •Convention.
presided, and speethes.were tui
of Woreeter, 1. v. Dr. 'Aden'
others.. • ' ~
Ifni-Seth . F O io4: Veit, ,
'sure I. write youlhi,s certifieat.
n o nce_ in the - use; of Dr. Wistt
Cherry. In NoveMber lasi, I t
tern cough. My lungs were mt
that it was with "difficulty /13g
inn of your Balsitm; I prochret
one 'bottle ; end to !my ' betttl
lens were frea and nary coegh!
to rreo:natend Unit Ralsnni4f 1
public as one of the 6411' rner#4 ,
colda I ever used. i
.X. B. Remember that it; is
of Wild Cherry; with the 'sign'
the ',wrapper, that performer S_
(Froin ihq Baiton IDa
arA certffiCate 'has tie.s.
cation, and as the Case is are o
,
character; we cerfiply '
'with p 1
welt :i t:Med cases; of carestif I ,
this edicine:Aatild be-c
-for the benefit . shiffiii
Nione is gentine Unless .eir
wraPpei. For sale it 1
1;1
r•• oi
, MA
4 (
111.71.
.0e the 29th41 hi;by the Bey
CAt. , ris ,Tatsi*lELL,•Esq, ,hf.
corrsla,ltri Miss:Timm-re, dna
bert Smith of Liberty I‘. .
At Beaver Meadevu.,on ,th 6 1
Haltison, Lucti/s " BLAissier.,
vent to MrsoElemku t (kir
Y' - ' • ' . -
On theAth-harkhy charl
ii• Gesivraeurst •01 . 114htmse;
PmaarFa q...Pr.004/I..tt•=
i tuttnnOr pr.*.
1 .1 it,gtvglttons
aslphetly
leaven t
ercisel h
inn
,z'Pe
[lure
te e
•;. ..•— i l • 951 i i,
In Jesimp, liciventber:23d,..razi
and Otaditia•Skelp, • al; 'df3 y
In...Tessup,.vey
,siaideal' ,;" Ti
'. 1da4.'31/taiana;;Niifts:9 iretini
porttn of tbe pub
1 in ke (nit; that
ws, it& Ail . i'vin e ,
till 'Aimee( : ? Thit
rer, is- co nainet
r pu porting to be
iie p here three
one Inf whom ! re-
Fru s t
s R. - nob*
Ile ed murderer
mist ken i How
o'i
~ I I kneW
' if is not Mai
wiii very
d:; 'or facei
is ea ilength,
or ilkins.
peare4l well;
he was mean
han usual... 1
P rmlni ..„Cool'
wcu, tic:ulna
ith
. ac
. .
IV.PTICt
tw i 3 lor 43 h oo s
Suoquaquma.fii
4,lkilway Hotel,in
third 7‘inday OLTaduory ,
ten Mina6ra, a Viensurer,
er. officers ohaltbe - choseit ,
IfP•PotOuctAte stairs of
imAulupkouilsgo
¢ . a .
that
r et,
t. •
!,nd
; Carbon4le, Dec. 184
Bit****-
OFkkaio Pin ,
*
extent And. . I prii4,
ualitid in the, "untV
Pg 1, 11 2 ,41
filSiffacr#TY. 4,11,
I , •Glbece;.so , oo, 180.
;T
-iooowltyl44qualityqualitylM
quality r3,0,%.3113.!M4-I,‘Oft,,
NfnriVLlSl
rloolUra, 'armlet
-,k
X"; SU'
GOOD amok
..ah. Plana, &lie
N000054..,t:
W ll4 4.
114 rnity Z
'eu; • -
. place at thu
you but half as
would be surprised
• made usbrack
• hi*.mea up "fore
Jra to make him
odds my bredmen
en too.. Pauli do
wks aro j uid fi4r a
ein shall 'falf - toide
laid
ocie
buy t i t ll l / • wawa f
i • taro ob
ore he cuiefOr on,
-dollarsa.pteoer
OMR
anni - fos:
• • CORDS Or WZ
irri!iiedia,tctlf, on sOratir ui
indium ei;
tonomble bench
ent, and y on
Al ;Ansult to his
that it did orig.
,arasrprised at th e
w if he Lad not
erl)edmr.leile the
t . 4,:)1! bLuk aculi
a meeting at ibe
Thursday evening
gates •to the late
craiittl - : Quincy, Jr.
• bylikit Burritt
"6f thii. town, and
~Jr .10, , 1848.
r,;.-'4l.is with plea
. statiiii, my eipe,
's Balsam of Wild
as takere4with a se
h affected, so much
• d breathe. _Hear
' and took part 'of
r astonishment,my
oicd. lam happy
"zld Cherry to the
es for COUOIIIB 111111
tvu.s - siyr.
r. Vaster's Balsam
tire of I. Butts on
cures.
,y Tbnc&)
sled us fur publi•
a very ruraiirkable
Wiwi.. • Cartainly,
ve.rs ll :Ajogases by
ii4iesi toil*: public
EMS on the
l
''...T.Mnat
Witil4 ' d
olls,th
A•8;24 j
[.n Du • ,Wiectitr 1
-Itter-of
th Rev. D.
Esq.,tof iVhite Ha
ws, of Orange co,
egrsl ,E-44., Mr. GIO.
C I AZOLEct a
eon of
and a months,
4thitisi,
"..Xa.liirte4
sebum" ,
•
cassa,lo Zee ,
vani,and
‘, gibe
co the
lent,
othz
FZEZ2
a re
•
( 4 ,4. woo:
nowt
tbiutig to
Co.
At.
PO: .billuowt" '
• •-it.