Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1829-06-26

IL, III.
oeen laid before the Coumittee on the VS. Rank AMI
amer discussi OH OF considerable length were pro-
nounced by that Committee 10 involve an inyestipa
ton that exceeded the powers with which tLev were
invested. Being permitted TO withdraw tho comm
nlcatons, aud understanding it to be The genera,
sense of the Bank Committee, tina, the matters of
complaint would be lit subject for the investigation
OF special committee submit the epclo I'd 10 20"
ceve that, any other disposal the Legislature NAV
designate. "''.'
No. L. was regarded by the Committee as too in.
definite for their Investigation.
No. .. was then lai.l before them 70 s;p,v tI,ot
defcr;. fr' '"F'
I am. respectfully, Your oh,lt sery't
ROBERT MAYO.
.'iess"s. Dadc on5 Iriggs, Chai,zaea or Mr .ro;,,
i Coesmificc IN IRE Snai, s5' j'iys{a;a %
OENTnEstEN: The following are the specific char
ges aicdged by lay correspondents in relation to
i tne management or the funds OF the Va. Bank,
| l. That large sum, or sums OF money, nave been
improperly obtained from. the Virginia Bank within
'D' last 10 months, by Rogers q Harrison or some
other house in Richmond or PETERSBURG on ,,.{ls
NOT drafts on the North or bills ON Eauand
- Z That there improper dclay il, reSlod;pp
any part Of said money
J. That part of those drafta yet remain nnpait
ana that changes have been made in In. f;nrrn ,r
those drafts, to give different Character or
appearance to the transacto, which changes are not
CT real and bona tide ;atuye, but intended TO dis,
| gnlse the TRANSACTIONS
A. fhat partner, clerk, Of the House of Ro
gcIs o. HARRISON IN Petersburg, in Richmond has
OBTAINED a large sum, sums of money, from the
| Virginia Bank on drafts otherwise: without the
st:ictIoh or knowledge, OF the Board of Directors
ne following list of persons, has been handed me-
as ilaving a knowledge Of the above charges.
! lticre follow the names in the originate
Respectfully, your eh'dt serv',,
FEBRUARY 3. 1897 ROBERT MAYO.
; RoBERr MAKO Ex4MrxEo
| tSres'ion ty ,lfc. Goode.-Do you know Of thr
purchase OF inland bills Of exchange by the Presiden,
I or I'M Iln l-nfN
OF the oTporatiu,l.
| -ansme,.-I haze no knowledge OF such transa ctions
rs above enGuired, except from the acknowledgements
% tha rfefdent OF the Virginia Bcnk, in the pre-
sence OF the JOINT committee, who have lately dec
6eu mat they were not vested with powers to nvest
gate this natter-hnt the witness conscientous;v he
ilevcs that the admissions of the President OF the
Bank III his presence, involves matter that is
ticuary involved in the above question. and tbere
tore states 1t for the use of tie committee The
witness heard DR.. Brocken5rough saw before the
ether committee That Rogers & Harrison IN horse of
tins place. hal obtained enormous sum from ths III
through the President and Cashier in orfcr to .na
HE them To tncet he demauds of a French monopo
~ III tobacco pt which business they had s,cc.ened
IN obtaining the aseocy. That the predecessor of
Rogers " Harrison in this business had obts nod
SUCH accommodations at this Bank, efter the precau
ton OF re rnnss his drafts for aeceetance; which nre
caution hey bad not observed in the case of Rogers
eN HARRISON That this power of the President and
sIashier was delegated to them by the Board of Di
Tcc,ors.
| Q~esi;Ga By .FFt. .NeLson-Do vou know VIVA,
material facts tohchng the operations of the Bank
| OF Virginia. the witnesses named in The Commanders
ton No. ,, will establish, and do YOU rive vour
knowledge from the declarations Of those gentlemen
or otherwise?
.4ns.-I conscientiously believe that every na,or,,
! fact embraced in the Communication no q will he
established by the persons therein named Mauv of
these facts have been asserted to me in conversation
w'h several OF those persons, and others not therein,
named.
/ Question d5t mr.. CDoKe.-Do yon know ,vhe,bor
the drafts dEawn by the person persons in M citv
or other place, were cdsted 9scouafe9 or If in c
tbeT case were they endorsed by responsible persons?
| HnS-Thc witness believes that this question is il,
effect answered by the answer to the first question
except as to the fact OF iDdorsaton. On int th,
witness does not reColiect the terms Of Dr. Broken
brongh, out distinctly reco!ccts the impression made
on his mind IN his admission before the other COM
inttee, VIZ that the sums Of money obtained bv Ro-
gers Harrison were simple drafts without indor-
sotIon--he Cannot say whether the admissions dcclar
ed that these drafts cashed or discounted tile
latter however probable, as the Doctor stated it was
very profitable business to the CORPORATION.
guest 6y member Of the committee to ME Pres
dent or Cashier n0t statcd but the seems tn be
IN The bapdof The President.
DO the officers Of the Va Bank ever NEGOTIATE b;e
ofcxcange or drafts drawn by one person in the CITY
OF Richmond, or another OF the same place.
@ns Fhe officers OF the Bank Of Va. have dis
counted drafts drawn by merchant in the civ nf
llichuiond OH one resident therein.
guest by the ChDr.-Rave Rogers and Harrison
had large ACCOMMODATIONS by the President and CASH
Ter on their bills on residents of Richmond
.gDs.-They have had Bills on Richm0nd discoun-
nd or bought but not of late. There are only three
cases Of bills drawn by houses in Ricmpad on resi-.
dCnts unpaid
Question 6y ,Gr. yNcIsan.--What dctermpcd Won 10
dscontinuc the purchase Of drafts from Rogers d.
Harrison on Richmond? Did you consider this pro-
cnsilDg inconsistent with the object and in violation
of the charter of the institution
s41s.-Wo ceased TO discount the bills of r. n. &,
Co. for the chiefly stated in my answer to the
last question. did not consider it TO be violation
of the Charter but incompatible with the interest Oh
The Bank at Petersburg, and with the principles
which governed US in our transactions in bills
Ques!. by member not stated nor to uhozu bit ans
seems IN The hdnA If Cshter.Are the President and
Cashier of the Farmers Bank of Va. aud of the Of
flee ofdiscoun and deposit Of the Branch of the u.