Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-04-17

p'W hHeN ou uauI ga tnuyp, $4,000
"''J 10 ne" cr'r. y 5000
lIUl 800
DEDUCT Tor LiicrcSi, oyeI estimate. &c. 2dUOuO
lHiimt'iur French cychlr,cs A. > -. 100000
tnn uI.s nv ut % aVpc.r-i thai the profits real.
i1cJ' and couIl,uily expected. am ,uul,d 10 | ZOE 900
"nd that after payIn $3.50. OCO and rcimburinr All tLe
All the aiNan o~ - thc bank. lhcrc wuuld still remain
= sum "l So''.u1O Ia The lank. % be ,uJuyed by the
bank "a anF way permitted hy TIE charter. And nnN
Whai possible disposition could hc malr of Tins cy.
ccSs? " there had bcca no ur1a, a, an. slodJ
nave been c'nicuf, fr profit was up object IN the o.,
Grafton. Bi At There was a pmfi. Whether of G,e
d'Hars or ave m'it'uS % dOlla.s. the tank cilil take
NJ part %! a.. iuI having NO risht To pIr,n,., m, pr.
ducc itself. % take the least ruriru ur gain u,,, II
Mould involve uu ownership which ua, tfb.LIr, a
'he charter and All Uili tho buuS cpuId do vas ,o r..
ceive back us principal aud interest and ,xch,n-.
With the collateral benefits OF the operation. had
never known any tiIng whatever ur the srcouu,s ar
details, and beng wholly uncunncried either officially
ur individually with the bunk. VII n received tbs
statement l presumed that the result of the mailer
was correctly stated, and II was 20 >culrI accpnIinylv.
leaving 'ho margin Of SG0O.0G0 to provide against all
possible contingency.
Fig teen months after { had lca the hlnk. I r,r,iy.
Cd q letter itlIG the cashier, stating that on wind,u,
"p '''s concern u was inlud thIt there WIS an over
aivAuce ct 65iSJ0 ~. and that the poii,n which
u belonged To me 10 return was S3i5 SOS II.
'"N' VI ''H'N's WIS Z laF ClltFGc, AMI tufcUinn To-
DC wholly rcsPpn>ihlc and that the Bank sio4li br
exempt ir3m los, should have paid It at o..e. bui
Tor ihs C.IsIcraiIJE ! found upon cx,uiuin, In,
ease that thIS loss was IN TACT uccasilucl h, me ,,c.
nl'e oi ihis properly, ~ oricS TO susltJn ths Buk m
Europe from cmharrassmcu;s hruught on vh,nlIy III.
the Bans Itself and IL because a qucs,i.u. L,,, c,r
hooking at % a. a simple commcrciul operation. ia. on.
~ possible hight IN which II could be REGARDED. I n
stronger ~ longer connected with The B,nk. our'Ir
10 bear TIC buriSn of this sacrifice. The u,tnr,
/ and Ina garr4a al a. ...-, 80.
hes.
Vi ssrs. Humphreys anl Bidllc, of Liveran,l. on
the first "f June, 1910. addressed a private and conf.
Dental letter to McSsrs. Beyan & IIlm7.reys. la
""'ch 'he) reply To az enquiry by the latter rs To- the
reasons "I HER paying over - mach money 20 Nj
Jaudon, that II vas iiBpossiblo for them ia ross, ne
repeated requests of Mr.. JluIun for assistance
ihds ihey say thai thcr advances O Mr. Juulon vcr,
nj one lime as Ia ish rs 21lO0Oi. bcsJes being parlic,
To bulls on London hpuSJs which wcrc il,,n r,,f,i,,
TOR 2@o O50L They ihcn quote frIra Mr.. Jnnt,n,s
lciie1S - 'hctn. cNirI"ts like those. On the % oC
Aug. 1889. n writes as follows:
Il must book To you for 50.OOOl &, make M Tho
SUN. III do nni gel Ihi', I get none; for all are c.D.
uH-cnt GA Jay milking az ms cs.!mlics. c,cry t,Ip,
therefore turns up'I whit You "a dn--inr here I am
exhausted. You mustthcroiIrc work vour hardest IA,
ma-.;e Or death ID the Bunk 0TIhc Unucl S!1l., i.
The IS G. II $3.50 bales Of cotton mast 90. lei mon,
20, he uc loss what II inay-il cannot 30 ~ great as
the loss from a protest. and must h, horne bv ,v.,.-s
or Bank as they naysett'e The matter between Them
! leave all to Won, knowing that you viii leave uu:b.
ing untricd That mly save me-ihe sllc of5JD0 l.l,.
would Do iac business. aud there can hr ~, douyt =,
10 i'.c choice % lis ev!l rather than the other.
And On The % be says Further:
e! wapi" 81 yesterday stating the absolute ncrcss;,y
of my rclyEg upol You f. 5O.OOH 10 HEN orr nv
list, wIlh3ui which The whole must tall ih-,rgl,. tho
large ste 1t cotton viii help To provide This / hons
! now want your further AID for anoiher $1,000 In
bills o. FIurih * Co"
They cp.cIule thrsn cv,,or,. -.
dilemma We had NO alternative but 10 make yo,r
cotton available ipr The desperate cmcrs-ncy mi
aglsni We have deemed II u. ccsary Ia MAKO III,
iHll nni u"rcscrycI communication by which Won will
see HAT fee sales 81 thu ruIIuu shipped =, y1s y,crc
"ls'Iu'cy necessary To- refund The Immense sam. of
money sc had borrowed from JauEers and hmkcrs "a,
the use nf NJ. Lauduu."
- i~uluii,Sily wrong was IL To throy un,n tbcr, Tho
loss upon THIS Cotton, That the President ofrhe Bank
himself. iu a letter - Nlc,sls. Bcvun and Uuu,Lr,,.
! OF ihc "a ofFcbFuary. 1910, actually assumed H..
loss. lis lc;icr v.s as follows:
EANK OF TIE Jyirru States
February >, 1910.
Mrssrs. Brvan ard IIcmphrcyy, Phila4-Iph.a.
GeHii~ma n Tho state oi;hc dchi due Nv the Bunk
10 N-ssr-. Humphreys AID BidIic, of iycrrogL. h,.
been for some lime The subject Of crcsi snlfcituds :
These gentlemen have VIII. a zeal ia C,yyr AZ a..
Bank Tor which "ur thanks are particularly due. sys.
famed Atr. Jandon ~ many periods VI his Struggles
with the ad not merely Of their funds. bui win all
ri ''N '''' A"aSt WI lltsI tltIli. Hf.Q have enabled ifrt
7" meet ms payments. when. buI ir their assistance.
he would not have been able o. cyiricais bjm..If-
We now learn 10y Tie last adyjCcs that Ilcir AVN,
Ifo'i "lI suffer unless They are relieved from their
"'i'F res "iisibiili!cs on lass account We are the. o..
lore extremely auNipus Ia r. pay Iltm-but in The ,r.
sent stale ct fIe Bank u Is iur,prii,,lro =, a, =.
direct F,mii'1Ucts. We uud, r,;aId. boyyeycr t,,t
LI'y nave s'ii. on band a quantity oC mcrdi,pIiz.
>,lPpcd by yuu.s9mc Of vh.chi they have already bccp
'''s'' 10 sen 10 meet iioir most pressing engage
m'ni, on account Of Alr. JIudpn. A. the yuly rrr,,ip.
ing method of arquitiIug the debt due To Ibcu,.I have
10 request that you viii direct them 10 uis. funds by
I" sale Of any or all ilc merchandise consigned bv
yoT 10 Them. aai il this srlc should be attended by
ans sHcuIco on lie cot, We viii make up II q differ.
cnoc, aud ihiI The same q ference Will be made p,
'H what They have alrcrIy sold. Having no other
method Of paying "a dehtofso sacrod a character. we
must submit TO any merely pecuuiary loss It must occa.
sion
With great respect. yours.
y. DrVtEr. President.
Hero then was Inc positive cyiI,ncc-irsr. that
Ibis loss was incurred by lcufccs Tor The bef,cfi of
he B1uk. aud sccouf. that the loss was rccpguizrJ
AM assumed by ihc Bank.
Fear ui that my own Judgment might misrcad mo I
determined iD consult some ems Icnt gentleman. puf
OF Philadelphia. who would l1ok at ihc matter with
c4nlor and .mqauilIiy, anI { therefore Submitted Inc
whole case o. Ciin1,eilof Kent. That gcuIcmaus
anvNerw wa asfJ.lyys:
New York, Sept II. 1910.
Nich,lasB .ldlc, Esq.
Dear Sir have carefully pcruscd Inc papers You
sent INC yesterday containing the duG ~ your lsucr
Co the President and Directors Of ihe Bank uf Toe I'm.
ici states, and n copy Of Mr. Duulap's lcucrt1 Nsssrs
Bctuu ~ Humphreys. Of ihc 5h 81 February. 1919.
] am Of oPiD uI gud most dcccidedig i.lt Won are
well Sounded 90 las nni ca Jy in your ciuu fy have
driactcj from ihe account. ihc difIu.rci e,Ncrn the
cost oi thc cotton sold at Liverpool by Mr.srs Hum.
Jhroys q Bddlc 10 Prepay ihsIr advance 10 Mr. ftYIla
mnH Hw Ur.mnrN. 81 fm II. FH. F.-
inp. as Pfcsileutuf Do. Bunk. directing ro .iIr 20 ali
events 1ni 90 tuy sacrifice i1 save 81. JIlIYu. and
oScmpt thc BWk from dsrredi-luI stating IgIf r.
Bsuk wyuli make up tla DOL, -Hucc irtlrrs Vrs lr.
sacrifice on Ho %, a1d fI1t ihs assurance sI.YiI
apply o. 'I" mcr.IIufzr IifrIl, sold ls N.l rr f4f
ID De- I'LL. ---- 81 --- Nm o. --------- Ill -