Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-12-27
Imporaans froA PhiiaAcfPi afa-1aore Bank
v..~A.. -

Inportans frOun RniindcfPi fu-1lore Bank
WrnuAs. / :
Yssterday afternoon intelligence was received in
wall street byss ravste ehannel that sR0ther
mous fraud, equal NEARLY 70 ten millions % dolaers
lad beeh discovered in another of the Fhilade phh
Ranks. Tt is stated that this fraud was performed
through the famous post note sJstA@. Wehaye not
learn ed positively in which Bank the discovery has
h.sn msds-bAt it is eltheriin the Girard or the
UpitAd Statas. u ,iasis ssoioss1a,rs ..
Tksse ragnors Of fraud which have been received
frpR Philadelphia late, Msst tus gut 70
be too true.
The Schuylkil Bank has been prcseAte ed for hnves-
stirption by Judge Beaver to ,hss Grand ypTy o.
philadelphia and the directors and stockholders are
now upder examination. The question ought 70 DC
whether the Director Of that rotten bank ought nos
TO be all indicted fora conspiracy to cheat the public
Lewis being merely the agent in the business.
Annexed, we give acurioussketch recetSedh IRON
our valuable correspondent in Philadelphia, OF one
Of their cashiers. 1t will be recollected that we
we're the first to give, from the same source the
disclosure of the, transaction in the Schuylkill
Rank. Will the same correspondent give US the
developments in banking that are daily taking place
in Philadelphia? or the evidence given before the
grand Jury? What a terrible time in disclosing
hank frauds the next session of the Pennsylvania
Legislature will be- u lis ei.e.n.n n .,.iti3 Ia
III. rtCashi~rs--Ths u. = 9snnks,ni "
JosEpH Co wPERrHwAIT.C ashier-was the son OF
the late John Cowperthwait, who was a Jasice 'of
the peace. aud resided at No IVA Narlh Frapt stu
Mr.. c. was, believe, born IN that house, and 4
think brought II? to the hardware business, He
was afterwards clerk, at no great salary lolahe
was shop keeper or retail dryagoods dealer, at IA
South Second ST., in the house W HIGH had been for
merIy owned and occupied by the late Harvey Levin;
his dwelling was that tia,e 80 Wood street, above
Fifth in rather small house. In 1925 he was again
clerk, and resided at 81 piliwyn street,. the
at SO low an ebb his credit that he could not
obtain the delivery Of the goods he purchased at
auction until he paid for them. Some few years al
either the Schuylkill Navigation ComPany's office,
or else the Lehigh Company's oifce, but dad not
succeed in obtaining it. Afterwards he obtained
clCrkship in the u s. Bank and after being clerk Tor
acme time he was about 1927 or 1928, promoted, to
be second assistant cashier, and continued such
until about 1896, when MIR. Samuel Jaudon, the
cashier Of the bank being appointed the agent e
toSbe chief cashier. He did remarkably well in
fht capacity for the first Tor the last two
years he has entirely forgotten that he was the
plain and unfortunate Joseph COwperthwait, and
that he ever had worn he dress, and conducted
hmseif as plain member Of the Society of Friends
Meet him now when and where you will, IT is pain
full to observe the proud, vain and self important
man. that his best and warmest friends are dis
gusted with ;he also forgets that his elevation
TO the eashiership was obtained through the infu-
ence OF that respected and most estimable gentle
man. Thomas p. Cope. 1t is in vulgar parlance said,
that be kissed Mr. C's. feet or some other part Of
his body, to get the appointment. He has become,
is said, very wealthy, but by what means God only
knows He is the owner Of splendid farm, some
ten miles north Of the city, the Delaware river
ON which ne has expended a very considerable
amount. He also resides in very large and splendid
house, 3S3 Walnut street. MIR. Cowperthwait mar
ried the daughter of the late Abraham Carlilc, who
was respected member of the>Society Of Friends.
Mr. Garlic was in the hard ware business, under the
firm OF Lohea & Garlic, at 1S9 Market street. and il
may be supposed had made snug little fortune, al
though his old partner, John Lohea, died poor,
The old adage in respect to Mr. Cowperthwait is
fully verified to the letter-that is put beggar
horseback and he will ride to the DEVIL 81 Il.
This is No. i Of The cashiers Of the Philadelphia
Banks. No. 2 will be w. ID. Lewis, of the Girard;
and soon will also give you the vain, pedantic and
empty headed h. p Smith, OF the CONNIE rcial, who
resiaes In his splendid dwslli,, Pine sfreat. near
Eiehh. Formerly cashiers Of our banks, were con-
eidered as servants If the institution. very wer-
thy gentleman a director Of the Commercial OBJ
servsa time during last spring thst their pan.
OUGHT to do so and So "but am sirsid 20 propose ~
~ do not think Mr. Smith will Ike h'-ahd this 70
hut 4 slight specimen Of what masters we havein
cnrI eryahfs r. is time the directors OF AL eur
bankine Institutions should teach their cashiers a.
vour friend Amos KendAlis apt to say-that they
a. oplv q hrelings.n luiis II sfH -
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