Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-01-23

ueH he .,f a..
TELLER within two vs.rs -. - ,hs s I; e, aug
The defaIcation y and WIZ, ~. ',.sm az ol
duties as prcs..n, I, .c -, - H, .n s.'u'"s
duct of said Officers du,;n, ,ha, ,w.a o'''' COLI
| And while ayrec win The ..n,io. ,l., a.,
President H. NO, % ~. LII III, .ha "c
drafts of Merrill ,nd Co. .o' '''e o,ei
proper accom-, n, m. panL appIen' ulo" uh.ir
k.eper unes. ,h p,.s;ia,, r., ".P' ~ some oook-
peel error in thnt nccoun, and Iii -; ~ ,"s
able for want of neatness or accura., in Ios,;n, H.
books by the book kcen,r. Of ,Lo r. ~ ,'e
irree uaI;,.. u,er m ~, In",, W. D h, uose
ly; yet do suppose that IL n. Lo., ,h En- T..
that Merrill and Green had ov.rdr,,yn ~ H., a.
books were negoentlv Ken, h. w. h,,nI ~, H., -,
to take notice OF tie circumstance and either
| To have corrected IN. I'M con,J,,., oe 49, - 60;
or to have invoked The All nr ,,ha. a,s;,, - -:
| own was NOT ,mnI. eno,,,h o., .a., - . 49,, :. -,
But, 1 do dissent en,;rc1v Sroo ,hs ssao,,sn,a 4.
his supposon tina, the Prsiten, Is 10 be hsl5 -
permitted the TclIsr ~ hsv ,", ua' ae Masei
money in his posse sion and ,h,, ,La C,.har -, ~
habit,ialy nevl;ycp, i'm ILL. .a;ao ~ L., -;
by rule OF he Bank TO Keen IN b,s ow
call the funds of the bank ercent sucb ne Lc 80
| Judge proper 10 remain or he nf,csJ In he LIs
| the Teller CIR an. con,.n;n, ra,. ~ ttYs y
| he failed To interposc aud .,h., L;n,.,S ~ L y
aid of the Directors M n..ss,., %a"~-a " ~ VIZ
gerous practices PERM, me y, s,y ,ha, - "s'.
with the estimable gentleman from, Richmond T3,v
in the amendment which ha ofJ.rrI ,o IT, -.
the Committee on B,nks eoorlni;ns Win s,.1,,,,'
ton ''that the Interests AZ lie Sa,ae ~ ., ,e,'
the removal of Jnbn RrosLani,SI ~ pot ee p
dency OF the Bank Of Virginia" Il holds other Ian
guage, to wit: No sufficient apology however has
on oGeieh ny that officer, for suffering the Cashier
10 allow Dabney - keep for months and wears tope-
ther, the large amount OF funds daily shown bv his
se'uemehts 10 he IN ms hands. On the contrary the
COMMITTEE deem II TO have seen n grave neglect OF
uuyi on ms part, not TO have required the instant
correction OF so loose and hazardous state of things
A a.. II
authority OF the Board of Directors"
i lie iact OF this omission of dsty I may be per
mlttei to say, IS set forth more prominently in the
amendment OF the gentleman from the City of Rich
lloau, ,an IN The report of the Committee Banks
Preac'h the resolution adverse to the reelection of
me fresident; and IN relation 10 this omission OF
uuty oy the President J concur entirely in the Ian
gage used by the gentleman fom the CITY of Rich.
ohui ana diiier as widely from the gentleman from
AccomacS.
ii relation 10 The duty of having the vaults in.
sPec,ed al>o differ from the gentleman from Acco-
MACK, anu concur fully with the President who in
ths respect, also differs from The gentleman from
fioooaeR ana III relation 10 this omission, uses in
n'S report 10 The stockholders, this language THE
- rrsiueht and Directors have relied too much on the
NiSiahce ot the Cashier, and he has relied too much
ii, on 'he hieIty OF the Teller. IRey have no, exa-
mined INTO the funds entrusted to the Cashier Which
run are all The funds of the Bank, the byc.laws
rehuered proper, and ne has allowed the Teller 10
retain more money in HE hands than was neces-
sary Tor the daily operations of the Bank without
examining has vault"
il has been suggested also that even ir ,ba insno-
ton Of the vaults had been made the defalcniion
might mot have been prcvs Mol and ref.renco re-
been made TO an intimstion in liz 80, s ,I n i.
mittee Banks that certain cheeks were CONNIE, ~
money by n Committee of inspection If the f,r,
were so, however il could only. lie hecousa ,L in,
spection was not 4 careful inspection. do not mean
to assert that a negligent nsnerti,n would r." So
certained that the funds of the Bank were Core,
certainly not-ior | know the contrary Inn, 10
mean 10 assert that If any checks were iannd IN h
vault of the Bank thew must have heen e;thcr A., a.
on the Virginia Bank drawn by some one entitled 10
money IN that Bank and which beine, noJ wonlJ
have been but receipts 10 the Bank and tborId Inv,
been appropriately distinguished as psid and couLI
IN no way be considered as funds be!unpino 10 tIe
Bank, nor ought to have been mixed IN witb the
evidences of assets belonging TO the Bank or bey
must have been checks on some other Rank mr. an
office of the Virginia Bank in which cas-, tbey ucr.
not o value at all, unless the makers Of those CHECKS
had money 10 their credit in that other Bank mr. otre
OF the Virginia Bank; and these oush, not to have
been certified as valuable by the Committee of the
Boad OF Directors, until the members had satisfied
themselves that the makers Of the checks had to their
credit IN the Bank Office designated in the cheek
AN amount OF money sufficient to answer the check
! do no. mean that careless investigation would
necessarily he true one, but 10 assert thai care
iul IIu proper inspection OF the vaults of the Bank
money ~ Tie vaults OF the BanS About this pre-.
sumo, u1te can exist lille question.
II heS Desh commended Ivy the gentleman from the
Sny nlenhond' as appears IN his proposed amend
''e' 'h9 existence OF the order of the Boari of
s e J'n co: ioo' ought To be deemed some excuse
a',e ana ms amendment contains this
;aaS"Pn' III connection with tins part of the sub
-, our Co,iInitGe deem u proper 10 advert To the
q 80 % w te n1III OF IEecIoT3 heretofore re-
" Iii H. w. 49, " VIZ ''' reoruary, 1871 These, 1t
- ~ ss" ",o,S specially present The various du-
q" Cnsb,cr 40 " ,, ,. " t oi 'he BANK, direct the
90 f,r,,oI o =; ''' 'SsS uu'IeS are properly per
m o,, '''' ~ use VI 1e,ihquency on The part of
" Y 1,or, fo', VIC tueIiluent TO the President.
ndesigncJ ., t.. I'''y view 'heae resolutions as
90 v,;,T ,L ;,';S" w 1's',el 'i'ose particularly
ins,,uion and ne ~. "sc"ehl OF the
H of General 10 W 'n"' eN'e't 'he duty
% In I,,, a.. ,5L 49,, ueNo'eu on the freSl-
sirc !; -, ~ 49, aop'e referred TO- de
,,;,,c 10 49, ii Soo'' ''''' d rs one oil lhht Com
SION b,, do 80 w Hs'e,t W eny huoh concu-
from, The ;n,;oa,', i,o"i ','e conclusion ana also
J;,,eIv ciio,,; eo"neyou oy Tue sentence mme-
v,crc 90 cons;inI -. anu 'lsy are SatiShd they
hcs, tho tJn., u - - t'1S"'e' OF tlie sank.
10 his ,o,,c 10 'no .''',Suege USED III reference
Ranks al, h. ~ Poi| VI tne Commute on
oininc nosa o,d ,t ,,1"51' ''ia' I"'S oruer, en-
lar, s,n u''t uutoS ON tie Cashier might
him in 60" 1850 oS s'ie PRESIDENT as relieving
rc..,n 80, Ss,.o nV' nus general dulles IN that
cpo,, -, ~ VIC ieS'Ie 80 ,'ouSht, nor have
IL W .'uuoe "'e 10 ocheVe ne has so stated.
cL,rno, - " vi g'eel intelligence and high
,n LoIo,' 80 ''' ~ ,J uoos 20 s'n'e' VIII not hesitate
Inc has 90 "s,or,i '.o' understand thet
o, 49,, " "sSy I 4 ne eh''re suppUsiuon deem
~ THESE resolutions did