Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-05-18


The Kentucky bank notes mcu,,oned IN tue Sec
retary letter OF the I'd March, 1920, trans
ierte", having been otherwise disposed Of 10y the
bank. Nor were The Georg n bank notes, men.
TONED IN the sane letter. then transferred aud il is
o"iy within few days, that the Treasurer has re.
cewed IRON the agent OF the Missouri Bank an order
for transferring them,
That the notes thus received from the hank had
been properly taken by the Receivers, will appear
from the instructions gwen those officers by the
Secreiary, copies of which are ir,nsmi,te.
anu 'hai, Al the Time those instructions were given,
they were considere' hy the Secretary as hr NOES
oil banks which discharged their no es in specie on
urmaSi ana, consequently, notes which by The res
ouiion ol Congress at the so Apri 1916 were au-
ihorlzcd 10 In received IN payments To tie UnieJ
S'aes, is manifes, iron, The terms of the same in.
s'rne'ions, in which the Receivers are positively in.
ferdicied u ON taking the notes of anv hank which
does not discharge its noIes demand in specie
That these no'es were received by The bank from,
the Receivers, du' ing it's frs arrangement with the
Treasury, and consequently previous 10 its engage
menr to account ~ cash, and that the lime they
were Offered TO the Secretary, they were actually in
the possession of the bank is established b, eyie,ce
adduced by Mr. Edwards himself This evidence
rs statement H. prepar ed AT the Bank Of Missouri
and isi' before the Missouri legislature bv q com.
m'uee which was appointed examine the report OF
the hank and which conimirtee represents itself, 10
have had before il, and carefully examined, the
books, notes, and snch other papers of the hank as
were necessary. The statement is &c or moneys on
hand, September 6, 1919, received of the several
nece',ers Of Public Moneys, being such AS they
n Crawford, Secretary of The Treasury" 7, ppr-
ports 10 have been taken frcm register kept by the
Casser OF the Bank, from the 9th August, 1875 To
'hr bih Septe nber 1919 which period includes IL
tweniy-srven days MOI 6raced by the first arrange.
meni under which The bank was accountable opIy m
knh By this statement, il appears, thai The bank
nad then On hand notes, taken from Receivers, Of -
description mol receivable nv il on general tenosp
as cash amounting TO 1869 06I Of which 1888 1871
were o the Kinds transferred by il 10 the Treasury
Hence, 1t appears, that, instead Of The Secretary
N he ha,rH
he was NOT bousd 10 receive the bank NOT ONLY took
upon Itself the conversion into cash Of other notes 10
large amonn', which il had right pay ,eI 10
the Treasury in kind but that of The very de-
lion Of noies which, MIR. Edwards has cessur,d ,b.
Secretary for having received the bank had actually
a right TO reqnrc Ihsl he should receive more than
double the amount of what he did receive
u would be great mistake, however 10 suppose
mar 'Ae notes which were received Of The Bank of
Missouri were the notes of insoiyent banks Those
o' the Bank OF Tennessee and its branches, were
immediately placed TO the credit OF the Treasurer as
cash those Of the Nashville Bank and lis branches
and of The North Carolina Bank, have LONG since
heen raid those OF tn" Mecbas,cs' Bank of Aexan-
dI's, Bank Of Marietta and Bank of S,euhenv,Is
"efc cashed ny The banks tn which they were rans
ier'ct those Of he Miami ExnorringI Comma y,
80 20 10 have recently been collected. Thus, OF
the wno' amount transferred, there remains unpaid
onls ahout " 900, and Of this sum- IL is believed The
grerier part will he ultimately paid.
Considering the state of the currency in the ives,
during The time, and the large amount received by
ms bank, wh'ch was about SI,l64,00O,i is doubt
WI whehrr any Individual transactions Of equal ex.
ten though attended To with great care would have
been followed by less ultimate loss
That The ci'arg" OF having favored this hank, a,
inc sacrhce oil 'he public Interest, is without
i'ou, must he evident from The facts which have
here exhibited. That the hank does not consider
itself as having beeo favo,ed by The Treasury, il
proved by ihe fact thar claim has been preferred
ny the bank Tor an allowance, npon the ground that
The services, which has rendered IN The T,sasnrv
have not hern sufficiently compensated. And !, is
remark 'ble coincidence Of circumstances, Iha,. Al
the ve'y Time That charge is preferred by Nj Ed
warls against The Secretary, FOR having done too
much Tor that bank, the agent Of the bank is a,
Washington, pettoning Congress, because The Sec.
retary has done TOO little.
fCO"eu'ion on Fridayl