Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1836-05-12

the time, which corresponds win the en-
tries now in the books now shown TO me
Question by Mr.. Thomas. Did you
communicate thsse matters to the Prcsi-
dent ifyeA, state when and where.
Answer. Immediately after examining
the books, | came into the Presidents
room and communicated to him what had
been communicated TO me, and what [
had learned BIZ examining the books At
ter stating this, desired that nothing OF a
similar nature should occur while was q
Director of the Bank He told me there
! should not.
Question by Mr. Clayton. Did you not
direct the officers to enter what you dis
covered, on the books. and was it done ?
Answer. directed the oiiicers TO en-
ter on the booss The money that had been
loaned from the Teller's drawer, and
which was represented by stock certifi
Gates. X was done.
Question by Mr.. M.Duffie. The mem
orandom you have produced is the one
before referred to by you when was Il
made
Answer | made il at the time the
communication WAS made 10 me by Mr..
Wilson and Mr.. Andrews. and this mem
orandum now produced is the one
We wish our readers to pay particular
attention TO the dates oil Mr. Whitncy's
memorandum, which he says he made at
the time be called on Mr. Biddle to dis
close 10 him the great abuses he bad dis.
covered in the transaction Of the business
of the Bank, Dates are cery important
a..
Copy Of Mr.. Whitney's memorandum.
May IS. $4,000
%, $4,000
NAY IS, Is days, $4,000 collateral,
81, G. Blddle, $3.50 Is days.
Let US hear, now, the testimony of 9TH
er witnesses.
Mr. Andrews testifies as follows:
Examination Of John .9ndrttcs.
Question by Mr. yMcDuifie. Did you
ever inform Mr. Whitney that Thomas
Biddlo, or Thomas Biddle s. Co, had
been in the habi, Of obtaining money with
out interest from the Bank on a deposite
stockp
Answer do not recolltct giving any
such Information. recollect that moneys
have been advanced TO .Mcssrs. Biddle on
a deposi,e Of stock as collateral security,
on which they have always regularly paid
interest.
Question by Mr. McDuffie. Did Mr.
Whitney ever direct you to enter in the
books, two sums OF SIS ,0C0 and S24 600,
which L. Biddle s. Co. had drawn from
the Bank IN NAV, 1924?
Answer. have no recollection OF it,
none whatever.
Question by Mr. .McDuffie Have you
any recollection of these transactions as
related by Mr. Whitney in the testimony
just read to you?
Answer. have not
Question by Mr. .McDuffie Did you
ever inform Mr. Whitney that the Presi
dent had been in the habit of discounting
notes for Il. Biddle & Co. without the
sanction of the Board Of Directors I?
Answer MOTTO my knowledge. have
no recollection of il. have no recollec-
ton OF the President ever having done SO.
MIR. Wilson tcs,ifes:
Second examination of Thomas U'ilson.
The clerk read 10 the witness MIR Whit
ney's evidence.
Question by Mr. McDuffie. Did you in
form Mr. Whitney in May. 1924. or al any
other time, that Thomas Biddle and Co.
were in the habit Of drawing money from
the Bank without paying interest for il ?
Answer. itertainly never gave infor.
nation that they ever obtained money
without interest, and can speak gener.
ally that never knew loan or accom-
mediation to any individual or company
without interest.
Question by Mr. McDuffie. Would you
have made a complaint 10 Mr. Whitney Of
the conduct Of the Presidents
Answer. No. was on those terms
with the President that | would have spo.
ken directly to him.
Question by Mr. M:Dufiis. Were in-
dividnal Directors in the habit Of directing
the Cashiers or Clerks Of the Bank TO
make entries on the books?
Answer. Never, to my knowledge. No
Clerk inahe Bank would obey such di.
rcciions.
Question by Mr. McDuffie. You have
heard Mr. Whitney's evidence. Ifsuch an
occurrence as Mr. Whitney relates. had
taken place, would it not have made a
strong impression on your mind, and do
you not think you would certainly have
recollected itp
Answer. Undoubtedly should, and |
should have been very unfaitbfal officer
Indeed, il had been pIiyy TO such trans
action as lending money without interest,
and the Director would have been equally
culpable who knew it and concealed it,
With respect to the note for $40 900 for
Il. Biddle. referred TO by Mr.. Whitney, |
am positive it was discounted by The
Board. l am equally positive about this
as the other.
MIR Patterson says:
Examination Of J. Patterson, LIST Teller
Question by MIR McDuffie. Has i ever
come within your knowledge, that Thorn
as Biddle s. Go. have drawn money out
of the Bank, on pledge Of stock, with
out paying interest