Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-07-09
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TESTIMONY AND DoCI1a;rN,,

TESTIMONY AND DOCUMENTS
accompanying ne Report Of ihe Sp-ctol Commune. of
me House # Expenditures
ON THE MEaoRIAi OF slNiAS Euyy,,ns
,,, iCOnuDued.J
A"0H'9S +. h!ddich, Sicorn, al Ike request Of Ar
EdiUardS.
me DanS OF Missouri mad Capital Of Two hmm
u,eo "'u my tho"ss"d dollars, III which sna $40 Geo
was placed IA an oihg- vi discount aud ,ep'ii,, ~
81. oehesiev", which sad office WAS en,eiv 1t;
he poh"o' oi 'ne ir'nc"' loUN, IN ali respects ,is
."'e, , @nu an '"e oiTecoi' <au .iiicers we're ap-
po'neu ny Inc n'utLer bank, and ,.moyed -, 80
sure Ihen general opet aious were alan ,,,,sn,' -
the pribtipa! bank, 1T 81. LOUIS. Ine ofics =, :;
uehe'ie'e ioa"eu money on personal seen a., Ln,
never %" pledge al sioux. Stoc h.olders tes,,;,s =,
81 u nevieye pledged their stock rs, Js s
lney ~,shed 20 borrow on tia, secu,n, nta n,n,,
tha' W per cent WAS allow eel On such nIe,,r vi,,.h
Vas considered only as "a colI,te, al secu,,v Th"s
io"ns were always G0usidered safe, and hem. ia,
nuy personal secinny. brie,. mai lie 60 I a
never fallen bsiow 50 per Cent ""s
large amount oil pn'ic moneys had accumulated
~ bank PRIOR To the 9Th August 1919 iu il ro,,s;s,
ed, Tor Tie most pari, OF the VA, ions n III r
tie "es' winch had been ed b, Tie land
"nu cou'o "o he used by The Treasury ~ discharge
OF dcois due ny The government. The Bank M NJ
SCUM, at his own expense aud risk, (.nd Tor whicb
hey have not rs yet been aliowed any comm ,,a ion
converted those funds to large amount saw 5000 on
'no such funds wouiJ pay tie Irea.ut.s,s 80.
Al 81 LOUIS but the government having ma occ.
SION io usbuTse any considerable ;... iunt AT &,
Louis, l's ihe oanh we're Ioiormcd) made n propusi-
NO" 20 the ns.H 10 transfer IT'S funds the Bank Of
The United Stiies, and cer.a.n Vi IL, b,auches ,,,
ns compensation iof Ibis service .r,e.d IL,
$50 GOO should remain ia bank as neym,na,, a.
posiio but which might, nevertheless he drawn n,
wn-n disbursements Good be made III ST I,,;-
*, ceI1g, also, that farther compensation sbnuii -
msde u the deposIie should not be found aJecn.,s
Tor 'ht service p' oposed 10 he rendered. Tins YVES
accepted ~ part on liz. et August lgIO aud 80,
amounting 10 near $3.50 UO0 beiure and att. ,,.,
inie, was pad ~ tho b ar oil the United S,,,s 80
branches o. funds "o"ii per cent. premium 10 ,,,
',apK' i"e pefmdDe"' ocposiie frequently
drawn on, aud reduced 10 IN amount cous,de ,al,y
below, SiJO,OO0. The back has heeu .,lnu.J 3
compensate" - yet Tor tins service bryond vai ,,
u"esf's'n oe"eh' OF TINS deros',e n,ghf have beea
"onh ~ item, wbich, under c,icussInnces ,,,,, -,
DC estim,ed al very small sum, Mo,a,v,r a.,
BEN ut M 's"u'i had TO encounter the bost,lnv of
"edIy al, Tue Institutions of the West tom whon, lie
bank oi Missouri had tu make II, Grand l,r s,.;
iun''s III sucii Uthei fund. Us won,d SATISFY , 4
CO urai's "uI also from genie men cled wri
those banks. Tins fact " III De seen i,y , r,iersna
W "e Pfn'eo correspondence wnh banks. sac let.
e's ifo" i"e president oi the Bank OF Kentucky tn
.he oecIeiary OF the Treasury, May 49, 1919, Sem
tember ~, l8i9 letter FROM hon. W Ii C...I,ri
70 rfes'dent oi tue Bank OF keaoeky, JOS So 1916
Also, letters iron, ibe bon. Ntnran EdvsId< S.n.
Tor OF tine Upned States. May Ion aud l2.h. l3Ig
directed 10 ThUmas +. kdd,,k, Oae OF the ID 100,
tors oi The Bank Ci Ai,s,oOI, ~nch said oue,s arc
flied viii tue Committee Of Ways and NJ, ans. -,
support vi petition presented by Thunias L Rid
d OK, AS agent Tor The bank.
|, Will also be seen, by reference TO the several
agreements made by Tie Bank Wiih Ireasr,-
Department, and ibe general correspondence als,
The original Cerhcaes Of deposites tla, ts an az,
Missouri never became boUud, until The o. al A.
gust, 1919, pay over 10 the Treasury az, oter %,
be 1Unds than such they shuutu yeceise a.,
HE Iand "nees, MOI having II 10 ihr,r ,owry bef,e
tie snd y IL Oi August, 10 direct what Kind OF tsoer
should De 'eceiVsd as pays NEST loi Lands ;h,s was
before iha date, regulated hy Iisl furnished The dr.
iefent receivers, 10y the Tressoiy DEPARTMENT. and
"belhe' al par 60 not, was received fiom Them NV
TIE b"nk Oh NlssOrtt, aud certifr.ues uf dep,s,,r
'Ss"eu ny lie Cashief, sianng Tie amount received
W par funds, aud the amount received ~ such paper
IS mad been aulhofz u 10y the Treasury Dep.r,,,ent
The Bank, therefore, clearly had rieht to pay over
s"ch lunds ~ was Teceivedby them aud The govern
meni, III common justice, Is bound to make comueu-
sstiUn iUr tue i,sk AID Oss incurred by the bank in
converting those funds such other funds as could
be used tho Treasury, IN payment VI demasds
against them.
Whenever these fair demands Of the bank shall be
l'qudsied and seuled, the amount thai will be tlen
found due The United States, viii be much lessened
and the aniOgut that has been Transferred lJy th,,
b,nk, ample, and greatly than suicieat 10 sn-
l'iy every ecu, justly due 10y the bark Ihe Unned
Sis,es. The ai-OUBt that now stands charged on the
books OF tie ITeesn'y, D tive nom,aa Amount Of all
The moneys OF every description pa'd In,o bank by
the land Oihces, without any deduc ,On basine besn
inside Jfssf,ises rendered, a,i or ssk sad loss ia
exchange.