Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-07-06

feet objections and difficulties, Of one sort or
other, were constantly made, and an indispU-
sition to execute the assignment was, thought
manifested ON the part Of the board. had
understood that the deposl,e had been
originally nude by the Secretary Of the
Treasury in that bank at the instance Of Gen.
Thompson Mason and Mr.. Jno. Il. Ricketts,,
Who were then Directors Of the Bank, aud, il
they had been alive at the time that prepar-
ed the assignment, have 90 doubt that the
assignment would have been promptly exccu-
ted but the death II these gentlemen, and OF
my brother, WIN. 7. Swami, who had acted
as the president of the Bank, produced, I am
inclined to think, the delays which attended
the final completion Of tins business. After
making my efforts to get this paper executed
| was requested 10 send It to the Secretary Oi
the Treasury and l accordingly did %, and
believe that correspondence took place be.
tween him and the bank upon the subject Ofthe
deed It was returned tn me about the month
0f May, 1921, and was finally executed by the
| Board Of Directors of the Bank sometime al
forwards, the precise period do aOt now re-
collect. At the time il was executed none Of
us, believe, were aware that the charter OF
the bank had expired. The impression gen
orally was, that u power had been reserved to
u, in cOmlnun with the other banks of the
District, to wind up its affairs, and the time
gwen was, / think, five years but SO it was
upon loOding at the law, the Franklin Bank,
was omitted, and its charter at an end, before
the deed of assignment was finally executed.
when this Information was obtained was
requested TO turn my attention again to the
original agreement, and to see whether the
United States would be able 10 recover their
moneys upon that paper-upOn considering
that paper, il seemed 10 me that the notes
which had been negotiated in the bank while
II was Incorporated and endorsed in blank,
might be applied to the suse Of the United
States, aud accordingly obtained possession of
those notes, and filed up the endorsements
payable TO the United States, and brought
suits at law upon those notes ia behalf Of the
United States, which suits are still mostly de-
pending.
AS to the stock notes, no measures have
yet been taken upon them, nor did the agree
ment with the bank authorize any step yet to
be taken, but when it may be necessary to re-
sort to them, it SEEMED to me that Court of
Chancery would compel the payment of them
and give TO the United States the same relief
as II the assignments had been regularly made.
Ii the United States should be able TO en-
force the payment Of these stock notes.
should entertain no doubt but that the money
due to the United States may be obtained,
but otherwise, a considerable loss would be-
sustained.
THOMAS SWAMI.
Darid EnglisA, s,corn at the request of Mr.
Ed,cards.
am Cashier of the Union Bank of George
town, and have been since its institution in
1903. That Bank received one dep6site in
August, 1919, from the Treasury, of s 25, 900.
The Bank was under some fears on the sub.
Jsct Of the resumption ofspeCie payments, and
application was made 10 the Treasury for aid,
and the loan was obtained which was re-
paid IN October following, by deposites in the
United States Bank or its branches. No 9th
er deposte has since been made by the TTea-
sury in the Union Bank, to my knowledge
No interest was paid on the above loan.
D. ENGLISH.
Thomas DUNCAN, s,corn, at the request Of Mr..
EdtcGrds.
l am Clerk in the Office of the Secretary
Of the Treasury, and have been about eight
years.
Question. Have you heard ola letter said
ny M. EDWARDS to have been written by Mr..
Stephenson, Receiver of Public Moneys at
EdwardsvilIe. to the Treasury, in 1919 /?
Answer. Not until lately, when it has been
mentioned 10 the public papers. / never heard
of it until after Mr. Edwards's memorial was
communicated to Congress.
Z. Was 1t after that memorial was pre-.
subject spoken Of?
A. have answered that question.
q. Have you heard any thing of that let
ter having been found in the Treasury De.
partment since that memorial was presented
TO Congress?
A. have not.
Q. Do you know whether The st. Louis
Enquirer was received at that Department in
1919?
A. do not know.
Z: Did you See the report of the Secreta-
ry vi tile Treasury, OF the 22d March of the
prescott year, previous to IT'S communication
TO congress, or did you know any thing of the
subject Of IFS contents before it was commune
Gated /?
A. did not sec or copy any part of the
Report before IL went to Congress. had on
ly general knowledge off its contents, such as
every body else had, from the call to which II
was an answer. My business in the Office did
not lead me to any special knowledge of that
Report. THOMAS DUNCAN.
!SamueI NJ M'Kean, s,corn at the request of
.ur. Edrards.
am Clerk in the Office of the Secretary
OF the Treasury. / never heard of the let
fer said TO have been written by Mr.. Stephen
son, Receiver Of Public Moneys at Edwards
vile, TO the Treasury Department, before the
evening Of the day on which Mr.. Edwards
memorial was presented TO Congress. at
tend, among other things, TO that part of the
business Of the Office which relates to the re-
mission Of fines and forfeitures, and also TO the
issuing Of commissions. have never heard
Of that letters having been found by any one
in the Treasury Department.
S. M. MKEAN.
Peer G. Washington, sDorn at the request Of
Mr.. Ed,odrds.
/ am Clerk in the Office of the Secretary