Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-10-23
OMESTiC.

DOMESTIC.
----------fTF -mo tho New York Commercial
RuMoRED DEFALcATIoN-No small sur "a st G.eIeu
:, Wall street this morning, by rumors from Albany OF
ths a;gbt of the cashier Of the Commercial BANK IN
that cty and the discovery OF large dehc lis tunaS
THE rumors were in degree confirmed ny Tue 1o-
Living brief paragraph from the Albany Daily Advert
SER bearing date Of this morning, but published in anti
cipation- p.,h
of Albany had discovered that portion OF ITS funds, TO
n considerable amount, had been distracted
The reports are numerous, and doubtless greatly cX-
,onerated We were told in Wall street Of various
bayinu been distracted from the bank, varying from
clio 900 to 200 600 1t also reported that the BANK
g hn,er;c, had been overdrawn by the a5scouding
cashier of the Commercial Bank-Mr. Barlow. But
such is not the fact. -, =
So far as the Bank Of America is apprsed OF the facts
of the case the drafts upon them appear to nave oee'
regular transactions the checks having been received
and paid through the regular channels and IN the ord
nary course Of busness-and VIC may aea tRat mus a
no fraud has been discovered by the officers OF the last
mentioned Bank IT, them there has been any fraud IN
conuexion with the business Of the Bank Of America and
the Commercial Bank the cashier OF the latter must
have charged remtanccs TO the former which ne mas
pocketed instead of renting. 1t is also rumored that
the Commercial Bank has stopped Such could not have
been the fact until this morning; because, nothing
wrong in the affairs OF the Bank was dreamed Of at Al
bany, until yesterday morning; and the rst syP,o or
distrus occaSoned not by discovery, but oy the
long and unaccounted for absence of the cashier n sy
event the paper of the Commercial Bank-ts draftnnd
checks-are taken at the Bank Of America, usual.
The erroneous statements published in some Of the
N York papers, in relation to the affairs Of the CONNER
cia Bank in this city, have called the following state
ment from the Directors, which we copy from the Eve.
Journal of yesterday: i7f0any !7rgaS
THE CoMMERclAI BASK.-The disappearance OF lien
~ Barlow late Cashier Of the Commercial Bank OF Al
banv has naturally created much excitement as II ald
the establishment Of the Directors and persons connected
with that institution, and given rise 70 various 'u
mors concerning its solvency. In consequence OF
the publication of article in the Journal OF COM
merce of New York, stating the capital OF the BANK
at S240000 and embezzlement OF S2lU,OUO oy
the late Cashier, the Directors deem 1t proper to a-
prise the public that the capital of the bank actually paid
in is $500 000 together with nett surplus OF SI92o3
making the total amount of capita! S3Io'Ho3 Inc or
rectors are not appraised Of deca,ons to the amount OF
l3O 900; which, if it should be that sum, will leave an
unimpaired capital of 249 23 Although partial loss
is thus sustained by the stockholders the directors are
enabled from the examinations made, to give the assur-
ance that injury or loss accrue to others
Besides by the terms the charter Of this Bank, the
stockholders are individually responsible to double the
amount Of the original capital, being S600,O00 The be-
sness of,he Bank will not be suspended, and all notes,
drafts and deposites will be paid on demand
JoHN Townsend, President.
WILLIAM WALKER, T. Prest.
GEORGE w. STANTON,
JonH l.. ScIIooLcRAFT,
WILLIAM NEwToN,
LEWIS BESEuicr,
JAMES floESER,
JonS Corr,
NJ B-Thc othc. directors are at present absent from
the city.
Albany October Is, 1885.
ExcrrMEsr IN NV YonK-Entensire Fraud
Wall street. says the Commercial Advertiser of Tuesday,
was in uproar yesterday afternoon, caused by the
welcome discovery, that "bbcr in fancy stocks had sud-
denly "evacuated Flanders, leaving certain checks up
on various banks to tic sRoant of i ,Oo6, which he
had given much cash, in the mornlEg utterly un-
provided for.
The individual is young EnglShman, calling him.
self Wding who has figured to extent in the stock
market lately, we'll ms in Broadway, where he made
quite show every day with green rock coat, red velvet
wascoat crowned hat anda great store OF diamonds
and safety chains In tccoarsc OF tho :'orhng, he pur
chased stocks of one dealer to The and
IL 900 of another giving his checks in payment but
forgetting to make deposits to meet those checks, he
made sale of the scrip without moment delay, fingered
the proceeds amounting TO dlao dollars and instantly
boed The roguery discovered, OF course, on pre-
venting the ohccks-the myrmdonS OF the police were
xoused to the casc-and Ii O'Clock last night, the
gentleman civiy ushered into the presence Of the
agsrates, having been arrested somewhere in the up
per part of the city He had removed from his lodgings
with bug and baggage bit his movements were neither
rapid enough evade the pursuit Of the keen
ministers Of the law. large part of the money
found upon his person.
brokers TO suffer so large amount Of money to pass
out Of their hands, with better security for repay
rnent than the checks of ,l,iknown dandy boya TO-
regaer without connexions, guarantees of any kind
for bis integrity and who has been known even by
sight only few months in Wall street In the card
published in the morning papers announcing his fraud
and offering reward tor his apprehension he is repre-
scented as more than "about twentvycars old"
Eos:xy,o; O., October 9
GOVERNOR HoRxER BURNT IN Erflcr.-We learn
that the new Governor of Michigan has not been very
cordially received by the Wolverines, having been burnt
in efeu ia the streets Of Detroit few nights after his az
rival at that cityWe presume, having refused TO
tnue the mad policy of the late hoteaded Secretary he
has incurred the dspleasure of the sovereign people of
Detroit Ave have received papers from that city
since our;iast-Gazettc.
NILES, CBe7ien CO., .HieAiean.) Oct. 3-Mr. John s..
Hosner, of Virginia, our Secretary and Acting Go
vernon arrived in Detroit few days since Hc is said
to be very gentlemanly man, and determined to
tain the interests of Michigan. Our citizens East ap
pear willing and determined to sustain him. We have
always been prepossessed in favor of the Virginia
character, and feel satisfied that Mr.. homer will
ably support himself and the integrity O: Michi-
gan We understand that committee waited on him;
on Tuesday last for the parpose Of ascertaininp his
views in regard to the rights and interests of Michigan
which we have no doubt they found to be correct.
Query-Has Governor Lucas gained any thing BY the
exchange? He must Eecolect we still have Yirginisn
for Governor--Ga=ene
ELEcTlos IN MIcEIeA..-By the Detroit Journal Of
Oct. 9Th, we have returns from that city, which chow
that Coy. Mason has been in all probability, chosen
without opposition throughout the territory. Whether
hs eeRaSs before I've tetritosy h aattsd Is State