Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-07-13

TUESDAY, JULY is. 1924.
| TESTIMONY AND DOCUMENTS
accompanying the Report Of ,e Special Committee %
| tte House Of Representatives.
ON THE MEMORIAL OF EisiAS EDWARDS.
IContinued.I
lanes l.. .fnfaony s,corn, at The request of Mr..
Ed,oards.
am clerk in tho eficc OF the Secretary OF the
Treasury. first heard Of Mr.. StephensOn's ALLEGED
letter TO the Department since Mr.. Edwards mo-
mortal was presented to Congress. j have at all
times itee the IN which the bank let
ers are kept, an. have had occasionally GO there
TO consult those letters, with respect to Jeposies by
individuals, IN pay enis Of debts TO the govetnme Mt
was not consulted, previously 10 the Report made
by The Treasury to Congress on the subject Of s
correspondence with The banks, as 10 my know
ledge of the receipt Of the alleged letter fiom Mr.
stephenson. have not heard that that letter has
pee" found IN the Department, since Mt. Edwards .
memorial was prest nted nor have ever heard from
any person IN the Department, or in any way con.
ueceo with II, or from an. other person, that such
letter ever WINS there, that the Secretary Of the
IL. ANTHONY.
John Forsyth, of the House of Repre- senta-
nses, sworn, at the request of MIR. Ed
wards.
lhrsi heard Of the alleged letter of Mr.. Stephen
son 10 the Treasury alter Mr. Edwards's memorial
WAS presented 10 Congress A day OF two after Mr.
Sra"io,ds report came into Congress | Ieai that
report, hut had conversation with any person res
pe'""g Mr. S,ephenson's letter until afterwards.
never have heard from the Secretary Of the Treasu-
~, from amy person connected with the Treasury
Department, or iiom any n,ember Of Congress, that
s"ch q letter has been found. | shewn by a
member Of The House Of Repre- senatives u letter
rons gentleman in Richmond, in which III. writer
stated that pas"enger on boar the steam boat from
washington Gown the river, had said thu, Mr.. Cook
niemhet OF Congress from Illinois, had MIR. Craw-
ords answer 10 the letter OF AIR. Stephenson ready
10 pI0uUce, on which called upon the Secretary OF
tho Treasury add n.entionsd 20 h,n, what had
lie replied was possible, but il scarcely could
be So"
JOHN FORSYTH.
Jonathan Jennings, of the House of Repre-
sentatives, sworn, at the request of MIR. Ed
wards.
Question by Mr. Cook tn the repor, made nv The
SrcfeIary OF The Treasury TO Congress, Iih Febru-
AIRY, 1879, he States that Is for the puhiic money on
depusiie IN the Bunk OF Vncenues It The time of his
failure, coiistera security has been Obtained"
wish you TO state your knowe ledge of the nature of
tina, security
Answer The collateral security consisted of as
signnien,s oil CERTAIN bonds gwen the Bank OF VIM
cennes, ~ behalf of tha State of Indiana aud a mule
oil Mr. Piatt and his euJorsers as also transfer IN
trust Tor the use OF the UnIeJ States Of certain re
property. The v"lae ofsae collateral secur,, wher
s"e"' ishouiu nave esimsieu, provided III re had
been no substantial objections TO the character and
circumstances under which the assignn,ea ais and
transfer, were made as being worth sum not TO ex
ceed SSo,UOO, the greater part OF winch, however
since ihe assignments and transfer, owing to various
causes, has become uuava,l.ie the Uuited States
aud 40 my opinion, tue residue will not yield more
than $4,000.
q. Do you know Of any steps taken since The ar.
rangemeni OF 1871, get security for tins deb,
A. know Of none, EXCEPT VIVA, WAS oi,,,ued
through Gen. Noble, al Bruokv,iIe, Indiana in ,i,e
year 1872 OF the value U; winch | am unacuuaiu,.
ed.
Question by Mr.. Floyd Had you any agency in
procuring the Bank OF Vnceunes 10 he na,,. +. de-
posiiory oi public moneys?
Answer. An,oss Others, Iecommen ded that me a.
sure. HE Bank then appeated Iron, lis ou.rtp, 4,
returns, submitted to as Governor of the SraIe
10 be entirely solvent. Those returns onI,
the general accounts OF tue Bank nor was the M.
st''u'ion required, 'y any provision VI lis character
10 submit any list Vi It's debtors and the amount nv
ing by each, 10 any state authority which IL uni
lorn''y refused TO do when applied io for tina, pur-
pose.
Question by Mr.. Floyd. When the Bank thus re
fused, aud you were Governor, did you communicate
that refusal to the Secretary oil the Treasury or did
you Al any time express him any doubts or suspi.
| cions touching lis sol,eDcy.
A. never entertained any doubt Of the splyency
| or integrity vi the Baok Of V,ucesncs, until iae il
the yea 1910, aud the records OF The state govern
meni will shew that, in my Communications TO tho
Legislature, did not recommend an exanlinai, on
prior 10 which, il will appear, however Gom IN,
communications OF The Secretary of the lteasurv 4,
the Bank, that The latter had committed a breach nj
IT'S engagements wall, the former, in failing 10 pa,
drafts iiawn by the Treasurer, early as the Ioh
oil Oct. 18th oi Nov. 18th December, 1919 and lCib
OF March, 1920 Of which failure TO pay those draiis
have no recollection 10 having had any inform a,iou
uni Tue session OF Congress before the last ! wa
informed, however, OF one SIN all draft drawn on The
| oaok by the treasury, having been dishonouted durs
ing the wnier Of 1920 81 shorty before oe,sonailv
| examined SAID bank. Upon tins examinations, dis
covered the bank had not two hundred dollars of
available tnpds, aud thai draft drawn upop IL ia,
moneys III favor OF the Pension Agen, for The India
ia roll, had been Diverted irom lis Iepii,ma,e ,;.,
10 The prejudice Of the government advised ,I,.
Secretary oi War at the circumstances
| made no communication TO the Secre,,rv NJ rho
Treasury when li'e bank declined giving lis, of n,
debtois, and HE amount owing by each The b,,L
was not bound iogive such list, nor WAS H. reuured
by only ~ compliance with resolutions of Tie a
g,sIa'uie, Was II incumbent on oe nor uecess,,y
to detail 10 The Treasury Department sucI, refus,I G
The part oil the bank, and The reason off., ed Inv ,bs
bank as inducing refusal on its part give nuJ;c;,,
TO such lis', inasmuch rs The Secretary Of the Tea
sury made the rendition oil such lisl, by the liant
quarter yearly, 10 himself, a condI,un uoon ,yb,cI
depos'tes were TO he made IN The Bank OF ,l,e Vim
ceunes, and which was acccdrd 10 NV the latter
JONATHAN JENNINGS.
Langdon Cheves, sworn at the request Of MIR
Edwards.
BECAME fIesideDt OF the Bank of The IJute,
States on 9th March, 1919, and coui,nue. M IN,
beginning Of Jsauary, 1923. know bui very Iiml,
conc efnng the liability OF ioc.I b.uks ,o ,Is .,,.s
men, OF the United States Nv Jn,,es :, die n G
Bank consisting wholly OF supefintepdence 4 cont
concern myself With The deis6s of lie Iusncss
considered HE liability Of local banks 10 The go-
verume0 as matter external IA ,e Lu.,p,s nj he
u. S. Bank Tie chief Of wbn d, k.ow on tln,
subject - derived from letter from die cashier Of
| iho Bank OF Edwardsvie o the cashier Of the