Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-07-23
convinced ofhs want Of good faith, as to act,

convinced Gifts want of good faith, as to act,
on other Respects, upon ,hat opinion.
rely upon h,s corr, sponjence with the
Banks uf rvmbeckbc, Hu,,s,,il,, Steub-u,i lie,
aud VihreuGrs, aud Governor Jennings tes-
t,niuny in regard 10 the latter, to show That he
was apprix u that there was danger in con-
| tinn,ng the d-postrs in The three Grst, and
thar he continued tie latter a depository vi
pubic m"n.y afier il had forfeited all claim
To his conti,s "ce, aud prnv3 to his own salts
faction, mat it gould nut "a be trusted.
rely upon the testimony tbi vs. been taken
before the COMMITTEE, IL prod y Tina, be has
acted i-g lily in making depostes of public mo-
ney in local Banks in The District Of Coluin
lila, and even 10 this city, wlthoct making re-
port thereof to Congress. according 10 law.
That he has, in9a variety Of instances, abus-
ed his power to make dcp0sites OF the public
money, by actually making pure gratuitvus
loaus vi them aud 3. That Uf the loans which
10. thus made in 1879, a part thereof has not
been repaid, and is in danger Of being lost.
By the document SO, A. No. 10, it appears
that, Notwithstanding he had made loans to
certain local Banks in the District Of Column
bla, which were SO crippled as not 10 he able
To continue their ope, ations without the as
sistance he afforded them from th. Treasury,
aud particularly the Mechanics' Baok of A
| lexandria, whose situation he we'll knew, and
| - which he had made five several loans of
public money, to enable it, as the witnesses
say, 10 wind up its affairs, and which loans,
or the ,najur part thereof, remained unpaid, he
did, on the lst August, 1920, the year after
these loans were made, direct the Receivers
OF Public Money in Ohio, Indianns, Illinois,
Missouri, aud Michigan, TO receive the notes
ot those Banks in payment for public lands.
4 XIV rox,f Il. 81.
Farmers and Mect1nes, Bank Of Cincinnati,
into which he directed the public deposites to
be made, in 1918, besides its other debts, owed
| TO the Bank Of the Uuited States $4,000 ;
had issued its own nstes TO the amount Of
5 1880, and had of specie only 5 10, 45O and
that he was twice offered any additional secur
| ity for the fuifiiment sfits engagements, which
| he might require, but which he declined
| taking
BY the same.document it appears that he
declined tho offer to pay interest by the Bank
OF Huntsville, which the Treasury was justly
entitled TO receive from that Bank.
BY his report in the case of Mr.. Brailan,
Receiver of Public Moneys at Huntsville, il
appears that that officer had appropriated a
very large amount Ut the public money to his
own USE that he was continued IN Office an
| improper length Of time after his misconduct
was known To Mr.. Crawford that, finally, IN
settling with him, large amount that was
justly due to the United States, as interest
upon the money which he had misappled
was rtIiDquished anu that the indulgence he
| received, as to the time Of repayment. was
more than he deserved
BY Mr.. Crawford's own communication to-
the committee, he himself has shown case.
vi Receiver, which would have rendered it
| improper TO continue any man in such aa Of
ice, under the circumstances which he has
stated.
! There must also have been some bad man.
agement in his permitting the deposites in the
Bank Of Missouri to accumulate IL the amount
| OF s $4,000, when the transfer of any part
thereof 10 the Branch Bank Of the Uniied
States al Louisville, was 30 practicable by the
facilities CONSTANTLY afforded by steam boat
navigation between ST. Louis aud that place :;
In his permitting the Bank Of Missouri 10 de-
lay the payment he required from it IN June,
1919, for abnut five months in his withdra al,
III March, 1920, Of his previous drafts upon II,
and then agreeing to take much less sum,
and great portion of it in uncurreot notes.
with an inlimation to the President of the
Bank, OF ten months additional indulgence,
see his letter l, No. 8, 66 y and this, too, at
time when the Bank must have had in its
vaults, besides lis other good funds, about
| 92l .599 10, IN specie, which it was permit
ted TO retain and use, and which was 1924
40, more than the whole amount of the paw
ments stipulated for by Col. Riddick, as the
agent Of the Bank. (See bank return, Feb.
1901
Admitting that Mr.. Crawford was right in
receiving SO much uncurrent money from this
Bank, Isubrnit it to the committee whether he
was not wrong in permitting the Bank. at that
time, still to retain such large amount of pub
lie money in its possession add fur a more
detailed illustration of this subject, l beg leave
to invite the attention ofthe committee TO the
last document attached to my communication
to The House, and TO comparison of the
statements therein contained, with the PUBLIC
documents 10 which they refer
i greatly regret that the want of time will
not permit T., committee to allow me the
benefit y! {. ,timoDy that / otherwise could
produce, in relation 10 the management of the
Banks Of Tombeckbe and SteubenyiIIe. I
beg leave, however, to refer you to table
herewith transmitted, which shows the amount
Of continued depostes in those banks, for wears
in succession, above the permanent deposi,es
allowed to them, respectively, and to submit 10
you, whether these deposites, thus continued,
can be considered in less Objectionable light
| than loans without interest.
June IL, 1924. NiNIAN EDWARDS.
ARGUMENT.
To the Hon. John Floyd, Chairman of The
Committee, &c.