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

h will also bo seen, by reference TO the reports Of
the btnk, aud h. report Ut the COMMITTEE OF The
hlissour l. gtsltuic that the Bank ot Missouri u,J
q, ali vurs co'doci lis Operations wih great care anu
circamspecio", never haN'ng an avcta.c discount,
including notes pledges OF stock, (wus the exccp-
ton of The derosite OF $50 0OO,) greater THAI the
c,pMai SOCK, and neveT having us psper signed Tor
c,scufatou TO g'ea,er amount ,han Sl3i 95S ~, vi
wlch sum, { the looks Of the bank we're wnhn
any r-a.h,) AM satisfied a wuuld be found that the
average amount IN circulation, from the completion
oi tne ply men at 'he capital sack, 10 the day oi sus
poisson, did exceed $50 0O0 the gtrncs
anonot Ma appears ever 10 have been Ia emcua,,o"
Wis Sl53, 89o % Of which sua 10000, or near
thai smou"', ~as specially deposited IA 'he Branch
ell he Bank Of Missouri At the tim. the U.nk
s"pe"'ed rimen', o"y SS5 OUo, or ,hei eabou,s w"s
Ia cmcuiat rn.
The .us'cnsioa, IN August, 1891, cannot, there
Tor &c attributed either 10 excessive loans, u 10 an
excessive issue vi the paper of The bank hui 10 the
e,"rs-i situt'.n ut the Western country, which
deed impos ibe f'r the bank To collect from, ITS
u'"'o's, With 'uthc o" prompness 10 meet the de-
m""ds Tor specie. ed by the pressure tina,
ed u that Time, and to the circumstance OF This bank
oe' am,.i'he Uny onc who c"'''uucd 10 pay spec,,
U" .ismanI IN the Western country.
a: u. NJ C"os. Were you Pres'den, OF The Bank
oi Missouri IN 1871
q. BY same DO you believe ,ha, The accom-, and
,"onhiy re,u,ns maLe 10y that bank were co,icc,,
Juh, aud rue
oeiie,e they were, and that The statement
NJ edit i's myol and forwarded to Mr.. Crawford, um-
der date ot 30,h June, l5@ Was aiso ju.t aud rue
q From what Land Oalce we're the largcs, depo-
sites made Ia the Bank vi Missouri, between the Isl,
vi July, 1913, aud 9Th Angus, 1919?
A. tiom the Land Ufare al Franklin.
q. When lid ten. Sa'iIh make his ii,st Opposite /,
a. helieve on the 7tn Drct mher, 1918.
o. How much larger do You suppose these depos-
ties we're Than thUse on any other office /?
a. Something more than twice the amount from
the Offices 1T II Louis.
wi,nt Of
ties betweeo the aforesaid peri,its
a. believe they AMOUNTED TO S460966 76, this |
take from nemo..ndum in my possession.
w. Were any vi the notes received trom him
fused TO te received AS cash, aud they seu tally
entered u I'll, state the circumstances, and whe
'ner Gen Smith Was appr,scd thereof.
a. Gen. Saith very seldom made his drposiies IN
teiso lis office being 200 miles riun' The
ha"k, the. were generally placed IN bank by
prrson whom the C;-ner.i had confidence, travel
bng 10 ST. LOUIS or to the Eastward, by boats
ii"dns ON the hi'ssou,i river. l do not remember
that the bank had ANY difficulty 18th Gen Smith
or any other person, about his dcposites. believe
They were always made in the same funds which he
Iocc,'od Tor lands, aud certificates issued 10
hni 10y the Cashier, stating the KIND Of funds deposit
icd winch ce'ntea'es were, no do"hi, forwarded by
hW 10 the Treasury Department dis vouchers.
y Whtt amount oil Iaiernai taxes were deposited,
much or little
A | do no, remember Of any deposites being made
q. u, Mr. Forsyth. When we,c deposites Of the
tennessee paper made by the Baua OF Missouri, at
LGuis, ie
4. breye 10 May, 1890, having promised Mr..
Cr"wo,d TO have IL forwarded us soon as arrived AT
~. Louis, WHICH WAS doue 10y u special agen. ! was
aiierw ards Informed that ile agent Of the Nas,,il
B'ah received the smuuDt of the Nashville Bank pa
pe,, hut that The agent Of the Teauessee Bank had
et Louisville short lime before the arrival Of the
special age", OF the Missouri Bank at Louisville,
and depossed Il IN The Branch Bank VI tue United
STATES
Thomas +. Eihdck states that, while "a Director
1t the bank lie had mccess Al all t;.pes 10 the books
npDc VI bank l,tuu mani A ly Pre-
s'Jent 10 act ~ hs place pro lem, when he alb
Sent at bis lara, or wis holding tnd.aa Teaes
otherwise unable 10 mIeud that lie counted the
Ieumsss aud other pap transferred 10 tue Trcssu-
~, before the proposition Of the yih August, l3l9
VAS made, aud that he took with HIM, when he leit
D. Luuis ioT w ashirgou civ, IN Dec 1919 "A con-
siderable par, at the iuods intended be ansierred
aud made deposie az Chill'coIhr, the Branch
baua OF the Cn,ed STATES, AT Washington, which
ueposnes made part "i Tho charge sga,ni him MS
agent oi The bank, Ms contained IN the n,on,hiy
Gr1s made 10 tie Treasury The months OF January
and February, 1890 Also, that what ! have stated
before The coraiuee Of my owe Knowledge is tue
AMI what have slated as niatieT OF opinion, believe
10 be
@. by hlr Cook. When you discounted notes for
Individuals, III whai Kind oil money did Won adynuce
the amount of such notes /!
A. Those discounts were usually left in dcposi,e
aud draw" Tor in sniali sun's different They
were then pald, generally, in notes Of the Bank OF
Missouri, ~ such other funds ms tho Bank had al:
the isne, or .s the parry demanded.
z. Did not the amount Of discounts by the Bank of
Missouri always very greatly exceed ihe amount oi
It's Do:es, 10 circulation
a. IL 's"y '"rression that it always greatly ex-
Ceeded that Amount.
u DID not SD much OF the money ed for dis
counts, as exceeded the the hank = own NJ,
per- coSSisI OF moneys deposited In It by the govern
s,en,?
A; 1t consisted IN part Of such moneys, hut no,
wholly, because some part of those moneys were in
notes that the bank could Dol use.
q. DID he btnk ever refuse 10 RECEIVE denos,ies
m .Je by lira. Smith, As cash?
A. SO much OF The deposi,e as WAS IN cash was
ieceircd as cash so much of as coasised oil bills
was rece'peo Tor as such but the whole amount was
credited together, without distinction.
~ Did you, in receiving deposes from The Lnnd
Onces, ever Keep separate account OF paper aud oil
cash
a. A memorandum of the SORT OF nJs rec eyed
was Kept by he Cashier bur il did not go into the
bo-ks oi The bank. But private accounts with in-
oIvuuas, separate hcCouui wns ia some iusia
Kept fur cash aad for notes, by inserting 10 The led
ger, opposite TO tho paid, the words cash" ~
p" foreign notes, is tho case might be. When de
posi'es were aade on account UI the United Slstss
Certificate was issued by the Cashier u sI,nR whe.
ther lac dcposne had been nsde ~ cash or no such
notes as HE Land Offices were directed Ia receive
V Wrs not the principal part Of the funds deposit
TED cJ government in the Bank Of Missouri transfer
red 10 The Bf"nch Rink Of The Unued States al
Louisville aud to other banks in kentucky
a. ihere WAS no taDier made to any other hank
IN hsntucky, but the Bank ~ Louisville The trans.
fcrs made ', hen-nk will appear ~ ,be oomoonios
ton OF the treasurer No. S,dated Marcel. ls, 1928
we're not 'he 'pous which you say were worth
iOuf per cent premium, aud paid over Inv The hank
tosoyeInmeD, derived from the rove,n,aent Jsno.
sitos p
A. Some part OF them might have been g: the area.
ter pari was by the purchase Of bills on e o.s.,n
NEST, sent 10 the B'ak Of the United States. at