Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-07-09

Ills deposited on account Of the government, was in
the Bank uf Missouri the tune Tue Suspension oil
cash pay men,s ,ovk place.
A. ! Was correctly unuerstood, IL II was sup
posed that said that the govcrnmen' inads an bhn@
at the time oil 'se suspension consisted al bills Al
though a credit then stood on the books oil the hanN
to the U. States, the u,UUey corresponding w''h 'ia
crcdm wa. not actually IN the bank. The ssount due
the government, as appeared on the books q; tnr
bank, very near The amount allowed as pefmA-
nsut depos,tc, which WAS payable siN mn"'"s "'r'
The bank ceas ID 10 be employed AS an o.acc vi pun
lac d-pos,e. .,
q. What sun, did then remain in bank ui bills
winch bad been entered 10 the credit vi the United
States?
a. A ve,y small amount, perhaps about five thou
sand dulars.
q When The arrangement, made With the Bank
OF Missouri, under nch u Mas 10 icia,n pea mine"'
deposn-, what was the amount fist understood a.
should so retain
A. One hu"j,ed aud fifty thousand dollars.
q. Was there NO, aa arrangement, made with the
Secretary VI the Treasury by iette,s OF Angus, ""J
Sept. 1919, by WHICH the moneys w-ie IN ha.c
neen tecei,ed 10y the govei nuen', or consider able
portion OF them, AS we're received under the subse-
lueni arrangement OF March, 1920! Aud did no, 'ht
bank fail CoHply with the fi,sl arrangement aliud-
ed 10
A. The letter OF The bank OF the 9Th Of Aug. 1919,
aud the arrangement made 10y me, III Nl"ch iSzo,
will answe thai question. Wha'ever paper, u""er
The h't arrangement, WAS not ransierreu Tue DAMN,
oil course, WAS accountable iur, IN cash.
q Was not IA part oi the sau'c paper which was u
have been uanstef,ed UDdcr the list Arrangement
Afterwards received under The second, III "A uepteea'
| ted slate
A. No. believe that all The paper transferred u
The COVER nmeni WAS Of Tive same value at HE time o
the usnsler, IL al The time u was agreed 10 Ot
transferred Ivy letter Vi the 9Th vi AUgus,.
u Was uof considerable pat oi tue paper trans
ieued under tue al, angement contained IN The let
ter oil tho ooh of March, 1920, greatly below par
A. IL VAS.
C. WHAT amount Off, as nearly as you can recol-
'ect, was b-ow par
A Something more than one hundred thousand
dollars
swei from the Secretary o The Treasury, TO HE fol
lowing clause IN letter signed by Aug. Chouteou,
Presdeu', and dated 9Th August, 1919. w:
. As TO the Bank of Edwardsv,ile, ,hs only one
near us, we cannut give IL OUT confidence. Their
paper Is received with disrust, even IN their own
aud passed from hand 10 hand AS soon
as possible. Owing TO the Intimate connection which
II had w'th the Bank OF ST. Losis, wch Cannot pay IFS
debts, and has entirely business, the cap,-
a stock OF that bank has been taken t0r the most par,
and is now owned by five six individuals, some oi
hcm LIVING out Ut the state, aud the direction secuf
ed 10 such persons AS they may choose 10 appoint
There ats other ijec;ons which we iorbear To men
ton"
A. never any answer to this clause and be
'ieve thai nche was ever received by this bank.
| " was tlie oi)inion here expressed by the Bank
Of Missouri, concerning The Bank Of Edwardsyile,
continued to he entertained by for s,er, Tor amy
i sI Vi time after lhe date Of that letter, and how
iung
a. | cannut positively say, as to any other person
out myself hat my Impressions changed, after
! understood, from Common report, that the Back OF
cuwAIus'ie had determined 10 forfeit the stock oil
those persons who should pay the acquisitions oil
the bank. understood tia, General Payue, Of Ken
lucky, and Others, were stockholders iarg-
amount, snd believed that they would fail pay oI
tue sock subsci ihed, demanded III cash. Tins,
th'nk, was my Impression AZ the Time, but II was
derived wsrel, from repor, then prevailing.
iHOS. +. RIDDICK.