Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1830-07-01
E01IJ,I Ca a o
statement Of HE Accouus Of John B. Timber
lake and ROBERT b. RanRoioa.
IL CoNtlsU414US
WASHINGTON, February %, Is9

WASHINGTON, ebruafy ~, 1880.
StR--l have received your note, aud cheerful
w comply with your suggestion 10 reduce
10 writing the conversation which had with
yon
The transaction 10 which you have called
my attention is one hlch might claim som&
thing of merit. So Tar as beneaoence wss con-
cerned. My desie, in reference 10 1t, would
he. thai the accusrr Woull stand openly forth,
that, if under the influence of honest error,
might satisfy bun, OF II dCioated by other con
sidrraIions, defy bin.
In the year 1923 The Metropolis B,nk ia
this CITY proceeded 10 satisfy several iudg-
ments which 1t bad pblamrd against ". O
Neal whose liability had arisen, moi AS princi-
pal but rs surety Tor othets. lie had sought
in various way TO Obtain the necessary iuuds.
aud fal,d he had applied TO me. | hr sale
took place and "A purchase Was made by the
President Of the bank, for the bcuebt of the
bank at prices which were Considrie ed greatlv
below the real valIe Vi he properly. The ~.
,cnstve row OF buildings whIrh he occupied,
consisting oil four tenement, unned, aud lhter
stories high, was dIspo ed Of for nbout SIX
thousand dollars another vol flushed three
slo,y BRICK bnild,ng was sold for less than
thousand dollar other valuable lots and pro
petty were hi Of II similar iedns,d prices
iieyiug the sacrifice, TO be great, aud that there
could be 10 hhlud III pun chasing NJ such prcrs
pro. Used. hat previously had been sug-
seoic. by the President Of The bank, lie iahe the
proprrl, aud become answers able tpr TIE dpbis
rema lIirg tia | contemplated not ing Of
benefit 10 nysrf ,hat y object wHnl b. srH
the y, opeTty, 81 iar As might be necessary to
meet NY engagement, the residue 10 he re-
TUNED 10 the original proprlrtors. This state
meut vii be confirmed by the President, DneC.
tors. aud Cashier Of The hank. lhat design
ed acting IN good faith, is established by
written document, winch. about that time, ui my
own accord, executed, aud which was deposI.
ted for safe keeping with Que u tie sab-crl'
bing witnesses did this from no dtslrnst Of
INV self. but 10 guard against any contingency
or accident that might beh'lt me-. One oil The
witnesses TO that paper yet liyes-ht'r IIeh'
ard 5. Briscoe, masi udte oi TINS chk, aud
a highly esiimable man. Il rrc,tes the pnr-
chase had made, and the extenl OF my llabiIl-
ties thereby incurred, declaring daf, When
lhese should be answered, tie residue Of the
property should return to the family OF Nh. o.
Neal. The date of il is III 1879, shortly alter the
pun chase was made.
NV arrangement with the bank was this 10
take the entire benefit oil the Judgments aud Of
them and To pay the principal and interest
OF ,heir Debt amounting TO Sill SOC, IN FIVE am
nual lnslaimenls
A part OF the property thus acquired, TO VII !;
the row OF three story buildings, shorty al
forwards sold Tor between eighteen and nine
teen thousand dollars, payable also IN i've
wears with II right reserved 10 re-enior anu
avoid the contract upon failure OF the engage
int A
having taaen place, took occasion, III one oil
nv letters TO Mr. Undertake, TO explain to INN
why. and wrh what intention had become
the purchaser Of this property, aud the DISPOSE
.tiop intended ultimately TO be made OF II. AS
therefore, he would have an interest Ia II, re-
nups,ed II he had any funds, which he could
SCARE from hi business, (not elsr)thh' he wouih
send IheI.. 10 me, TO be thus applied and thai,
far any advances he might make. the property,
should re main IN my hands as secnrlty until he
sh ould be reimbursed.
During the Spring of 1927, received from
Mr.. Thnoerake twO draughles, one for > :
4el % aud another for . 900. drawnhy heu-
nv and M'Call, Of Gibraltar. upon ting navy
Department | believe, They were pa'd Al
the United States Branch in this city. | also
received from him power, creating me his
attotne, in fact. These are the only funds
which we're placed in my hands by hun; aud 'hiS
statement is confirmed by the private accounts
made in his own hand. writing. which you
nave seen. The entry made by him is as FOL
lows
1926 TIE Honorable Jao Henry Eaton.
Nav. IL. TO one set Of exchange IN favor Of
Henry and M'CaII, OF Gibraltar Sl,4ol q
To one set OF exchange in favor of the
same, both OF which we're made pay
abIe 10 YOU 1860 OF
By lh. balance, paid to Mrs Tim.
| berlake 49I -
| These are the entire circumstances whic
have giyea rise to those whispering surni'e'