Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-04-24
(FrOm tIr RD1monl WAIg cf .5prd 20.

B,Sx OF NiEGISIN.-W We are authorized 10 say, that
as soon as the Commissioners, appoIniedby the EXecu
tive Mcssrs Baxter, Rhodes and Jackson shall have
,sccrtan.d the condition of the Bank of Virginia, the
result of their examination, with proper account ct
the dcalcation of the first Teller aud the circumstances
which led to it, viii be submitted 10 the Stockholders,
who would instantly have been convened by the fres'
dent and Directors, had the charter given them Cthe
Stockholders the power to change the administration
of the Bank between the regular periods oil election
Whatever may be the loss 10 the Stockholders, IN me
reduction of their profits for time, from The want
NJ fidelity in one Of the officers who had borne an un-
impracabc character until the moment o. his flight,
the rcneral operation OF the Bank will 20 usual,
unless the Stockholders shall fit to order other
wise after full view of the condition OF the inSttu-
ton =.
Tbs Drfalcation-Wc would warn the Press al a DIS
lance not TO give credence currency to the thousand
minors which are afoat the deficit III the Bank OF
VIRGINIA by the late dea!cation The actual amount IL
not vet officially known but we do not believe 1t 10 be
more than what have before stated 1t to be- ltcer-
tainy does not reach the sum stated by some
of the Northern papers, even that stated upon rh"r
only be the Norfolk Beacon and Herald Such eXag
pra,cd reports calculated to excite alarm and I'M
pair the credit OF the Institution without Just cause
Tin. ma result to he apprecnded from the dralca-
lion is that the Bank will be- unable to declar" any dlV
rnd or very small one, until the capital Stock Is re-
paired.
Tur BANK OF NIRGlNIA.-N0w that the worst IS
Bile institutions but proper that we should look al us
condition and prospects calmly. The first shock, the
tendency Of which was certainly TO impair contdehce
in it. has passed By, and is time that we begin to est-
mate It's ability to meet demands upon II, and to CON
tnue It's operations. On this head we have no DOUBTS.
The VIRGINIA Bank can 90 on, and-the secret dram
mon it being cut off, aud lis curia'Iments upon IT'S
ssp.nded debt cont nued it will be enabled to enlarge
IL sphere Of usefulness the business community ana
the STATE The Bank has been a long time idcnt'lied
with the interests Of Virginia and her metropo's--shc
has made sacrifices for both and deserves to be regard
ed with the kindlest feelings We are sure the lolo"
ing paragraph, which we have from good authority,
viii be read with satisfaction by all:
"Thc Bank ofVirgina is Strengthening itself IL re-
ceived Yesterday Sl5,0O0 IN specie from the North
The writer would add that there is not the smallest ne
cessv for uncasiness among those interested IN cer
its stock its notes, on account OF the deialcato vi
the late Teller Its capital is S642,lOO and II even us
loss should turn out to be what at present supposed
TO be (Which is hoped is rather exaggerated the BANK
will still have a capital of upwards OF S3,Ouo,ooo
with considerable surplus that was held over 10 cover
any contingency in the way of loss
b. W. Mallory examined before iie mayor yes
f.r,Iav on the charge duplicating HIM IN the fraud ny
which funds of the Bank of Virginia were enbezzea
and acquitted Many witnesses gave evidence III '.'
case Counsel for the defence, SicssFs b. W. LeiSh
James LYONS and Robert g. Scott Tor the PFosec"
! ton, none.
e, n, Mr. WHITE requests US to say, thal the NP''
No of The So Lit Messenger will be issued on satur