Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-03-19

some distant place. ;.
Moses H. GrinneL examined Q. Have not dis
counts been made by Ike Board in The expectation that
the eeds would be paid in checks on distant osnks
A. They have, certainly.
Been or wears in the bank; formerly assistant
cashier; is perfectly familiar with all the books ac
counts and cash transactions OF the oaHS' Inc oank
never purchased its checks on cther panks; nao II
been done think could have helped knowing IT.
Mr. Dela6eld ne yer purchased any such checks e. do
you recollect a charge made TO Keller NcNeai Co..
for collection on Hudson or Waterford! A. In May,
1896 had correspondence as assistant casmer
with the ALBANY CITY Bank in which they said they
should charge hereafter tor all coectlons made eat
of the city of Albany, at per cent IN consequence OF
which, directed the charges Tor all couecuens made
by us out of said city be advanced TO L. per cent
On further .srrespondence with that bank, they said
they the charge made by them TO be on places
west of Schenectady and that they did not intend to in
clude the river banks, banks near Albany. i be-
lieve no charge has since been made for such col
lection.
Crossexamined Did you, after having thus directed
no charges be made in future for collections on those
places. inform the individuals against whom you had
made the previous char ges of per cent, and offer
to return the money you had taken from them for col
lectons A. do not think any notice was given to
them but il had been appiedto, think should have
remitted TO them and am willing to de O. Is
il the practice of the banks of the city OF New York,
far you know, return exchange received on dis
counted paper when such paper has been retarneo
tested A. 1t is not. O. What was the amount of
James F. Henry Are YOU clerk in the Merchants
Bank A. Yes Sir @, Had you ever any CONVERSE
zion with Mr. Bleecker, the witness who has been ex
anned relative the of exchange III some paper
discounted the Phenix Bank that came back protest
ed for non payment A Mr.. Blocker called at the
Merchants Bank last spring and informed me that he
had note in the Phenix Bank which came back pro
tested from the South and asked me the bank in such
returned the exchange. told him oeieved not
and went with him to Mr.. Mead the cashier, who told
hank IN py
q. Have YOU sufficient knowledge on the subject
A. i have made enquiries at some Of the banks,
the Merchants ank particularly. ontrecoec that
l enuured of any other bank q. What is the amount
of collections made by through the Phenix Bank in
relation domestic exchanges from the 10Th OF May,
1897, JAM ls;, 1888 A. As as can recollect
about the sum Of l5or ls millions Q. What was the
of receipts into the Bank from st July 1887 10
the 3lst of December of the same year, A. Probably
$50 millions
Mr. Mead, Cashier of the Merchants Bank, exam
ined.
Q-What is the practice Of the Merchants Bank,
in relation to the Of exchangen paper discount
ed by the bank which has come back dishonored
A.-The custom 10 not to return the exchange q
When you discount paper for the purpose of enabling
the applicant take up ssch protested paper do you
return the exchange again paper 50 discounted for
that purpose A-No we do not. q Were not
these charges for exchange formerly very light and
uRmportant A.-They were not exceeding l-2
per cent. and the exchange about B. c Did the
practice of not returning exchange grow up when the
exchange was thus small2 A.-As far as my expe-
rience goes it did. l have been in banking business
for 26 years. Q--Were there few or many notes in
proportion to the whole discounted, on which ex
change was formerly charged, returned protested.
A.-But few. Q.-What proportion ofsuch notes has
in general been returned protested on which the high
exchanges have been charged within the last year
AT least one half have been returned of the south
srn paper
CHEMICAL BAsK-We have a small bit of advice
to give the President and Directors of the little
Chemical. Three times since kept my account
there, have the managers put nae to good deal OF
trouble running to nay Office, and whispering "you
have overdrawn your account" irhen such ras not
the fact. Twice has my check, and the name OF
James Gorden Bennett been on the eve of dishonor
for want of funds, when had funds in that silly little
monster possession. Ifmy friend Mr. John Mason
can't manage his bank and its clerks with more accu
racy, let him resign and give the rens TO me. In mo-
ney transactions and bank affairs, never make mis-
takes nor permit others 10 make mistakes without
letting them see the error Of their ways.
give these hints in all good feeling 10 the Chemi-
cal Bank, and they don't like and profit by it, they
can do as they please. nothing fer all the banks
and bankers that might chung like strings Of onions,
from this to the first mountain Of the moon, and if
they don't keep their accounts accurate as Ido they
shall hear Of it.
SO pu, this in yeur pipe and smoke il gentlemen.
~ We have very beautiful description OF the ball
given near the close of last week, At fashionable
boarding house in Broadway, below Wall street, but
we doubt whether we shall publish it, The ladies
described before company, say, Oh! il would be a
shocking thing to be in the Herald" yet when they
90 up stairs into their private rooms thay say 10 each
other in whispers, "Oh, wish Bennett would pub.
lish us-I do want to see what the wretch would say
blu, you know we must not say so before the gen.
temen"
This is the reason that rather think won't pub.
lish IT, wish 10 discourage all sentimental hypocr-
sy. Therefore shall not crafty any pretty women,
were they even as beautiful my favorte, the Bless
ed Virgin il they have not the heartfelt independence
to say what they really and truly think. Do they
member what the Virgin said TO GABRIEL
10 HotT's HorEL is now open on the European
plan, as a lodging and ealing house. Old Mi. Holt
is one Of the remarkable men of the day Three
times in the course of his life he has made argcfor
tunes, and lost them-but not by his own acts. He
is member of no Temperance Society-but he ne
yer drank gill Of wine or liquor in his life. We
saw him the other day, and though he has had to