Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1840-06-22
SIS BAXTER
II RHODES.
Jos EPIl JACKSON.

SIS. BANTER.
II RHODES.
JOSEPH JACKSON.
REPORT.
On The a4lh Apfll. immediately on the receipt of
the commission authorizing 10 Inspect the baoks
and examine irto the condition ofllle Bank oi Nu
giuia. entered uron tie discharge Il the duty.
Every and winch the Bank could fuln,sl Wa
promptly rrndcfrd, but The confusion IL which -
affairs lei, BY the l.ghl Of the fst felier. a
the withdrawal 81 is books. oiners aud tlrt', b,
the otlminal prosecutions Inch lave etff since hern
pendng, have gfealy retarded our fnEestigaunu.
TIE annexed sta'ements 4 aud H.. body tie
resas al our etqaiurs INTO tie si,le Of the boots
aud condition OF tbe Bank on the closeuf tie % IA
Ap,i. We also report herewith, the icumeur. &.
ID. + +. AMI g.. aad lhe bank $ tie neH#s numbered
from IL 10 inclusive Which viii nut, more N
deail, many 1.-The snsbjecs comprised IN the mnel-
ptl statements. Our personal rXtininaiIpn was
eoufaed o The B.uk n Richmond. The safe al
the branches /, drdut ed IRON ihrl procured
al our request. We have thonghf II unnecessary to
report lie roluninuu us aud complicated details
examination made by Us. lsrrsnlts VII. we ,tu>t
be ste"n with Sufficient lullness aud accuracy hs
the statements Iolcuodto. l. my b. proper 10 adj
that IN tespeei 10 the cash hlod the books, the
outstanding deb lcvrry descriptions AID HE other
assets 81 the hank, have strictly performed tie
duly Of counting AID inspecting thefn ot the eyt
oenees oil them, with all pfatutAblr care. In one
particular onlY that Is 10 say, in tie dxctlufn zion
set"een The noes OF the Bauk Richmond and
-
fabie, Ne are persuaded nor AT all material 10 the
nam purposes pi tlts enquiry. TIN euor - lar Is
hnay exist, proceeds tromlhe fact lhai no SUE l.
CT ntnaon WAS m the frs tnstAnte alien pied aud
could NOT afterwards be made Wnh enli,, a., \
In the INST important stprmtrt, that Of the as.
sells aud llabIes II lie Beuk. We believe lIlerr Is
no loom Tor any mateIal cnat except IN the disti.
button winch ~ wee required to MIKE, f the ouI
standing debt INTO good, bad ard doubtful. The
dntiibuion which We have actually n1ade. can. Of
- n Ia oItrf a IL,
opinion, derived hon personal know Iedpe Of tac
aeoiots IN eteH number OF instances, aud IN OH
efs from such Information as was accessible IN
u.s. We cannot hope not TO have fallen into man,
errors IN individual cases bat we believe, that un
ger Judiclons and d'hsrnt eourse of manage cut
the outstanding debt will Prove to be as available as
we have rrpor, d II.
IL vii be perceived by the comparative statement
"a 'na' some lpiccnfaey exists ~ The accounts al
Tue bhnb' It's books have NOT been balinctd Tor
many years and its bills aud uocs discounted have
long hte somewhat shut of the account on the
iedsef All circumstances cou,id,ltd. W 1hiuL il,
NV ma'ief 81 surprise, or ol very gave ccustat.
mat lie errors IN question shnuld exist. A. nyrs.
tis iion Of Them VAS set fiot elly in the last
YEN apd Is III IN course at dlieeni prosecutions
"heh M'i result no doubt IN the correction uf flem
without OTHERWISE materially atir en- The condition
OF the Bank.
TAc drhcu in lle cash Of The 6,s, telley ,,,,u,,s
10 the sum II S54i,ll6 n. Il vas preceded Nv
usetdrals early IN the Year 1888. on the account of
Meifi'l aud G1een, winch Amounted ltau the ~
10 tue 2oih Srri, TO tlt al SIS Il OF. These
''tdiHs bad been partially concealed by a f,l,r
balance brought forward TO the credit Of the ac-
count.
lhey are stated 10 have been discovered at the
'".1 '"s' mentioned, d1tine the temporary absence
OF 'he book keeper having charge Of thai account
soon alter this discovery, they were made eood IA,
checks on other banks deposited 10 The e,r,it al The
account which checks duly came around 10 the 61,t
ifhef and were supposedly HIM. These checks
we've not found by us. On tie l9lh .nnar, = $40
me cash was counted by Commt,tee oil Directors.
"a thai day II afpeais than Green's account wa,
oVefdiawn $4,000 Is, and another account of i
ue'son 10 ms employment was osrrdraW 81 l,Ill
70 lhese accounts we're both und. charge al 4he
san book-kernrr Who lad preyIousl, keit the ac.
count OF Mefril K Green. lie was saon after mans
ietred by the ID rectury 10 anuther service m the
p"hh-the ID ara having no knowIct gr, rs We are
"s"e"' III nis fhesions misconduct ~ the keeping
" lhose accaunls OF hal Of Mcrul1 & Gfcfn-buf
Dei"re he LETT these accounts the ogerdratsn b,,,
we're feuhced TO a snal amount. la the course of
t's reduction many CHECKS on other Ranks ve,.
",'ie" ~ me ctedn oi these accounts. came round
Il, W us, teier, aud were suppressed bs bun.
ihese CHI chs were found bs US From tb,f
the, as appears by the checks fund in tne FIST t,
Iers III and sau the process of enbegz en,rot - .
commune without pause, except Tor very hrtcr IN.
u''as down TO lie 30lll January, 1910. Th>hsl
enech so i"und bems date February 90 1870
Nearly the Who'll deficits represented h, cberks, +
dreen aud 9th rs yaiitnsly connected ,,l, I,,
"hieh came INTO The hands OF the FIRST teller ana
were suppressed and left bs him not,Inn of ,Ie
dfbci Is represented BY good notes amounting IN
S43o0 ~, which were found assigned by the frs,
teller To the bank-and for which lie admins lb,t ,
2 snn OF mnney sllon Of then amount was taken by
nun on The I'VE OF ms II -. The checks suppfes-
sed by the FIST eIl,r are drawn ON the Bank OF V,,
enia and The Other Backs in Richmond aud came
hlo ms lands II so ne Instances directly but gene.
rally indirectly either in brs day settlements ~ "a
ms exchanges nth the other banks. 1t Is not IN
our Juogmen', necessary proper TO eneprnio far.
''hef details upon this subject Being clothed viii
no Junleia powers having had authority TO sam
Vipn Witnesses or nqnIfe tie Attendance OF patties
our statement would pc liable TO great errars aud
might do much mi ussiee Nor do we deem ii ne.
eessaiy 10 desnfibe more miDniely the process b,
winch tbs einbfzzlea,ent has been accunpfis ed
mas ceria, found fsciitits in The long rs
'apiished practice Of receiving one BaAk checks
upon a'ot'er, passing Them inned ,lels the cft
VI 'hs aei,'shor "iiioii eGquHi,ig hrlher they
SIC soou' aud deiefting mid The day the sci