Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1841-05-15
e
NO 4 A

the agent OF this Bank at that place. On
me -an day of November, 1895, in ike
manner d purchase w.ts made ior 3s4 600
i@oilsrs. Of the Insurance Bank of Column
bus, Georgia. In August, 1880, arrange
niants Were made for the purchase Of the
charter Of the Hamilton Bank, OF Balti-
more, and tho purchase effected, but ~
the ba1k never went into operation, the
advance was but small. There was taken
from nr. Joseph Cowperthwaite, on the
lst Of March, 1859, e%ightv-nine shares Of
Bunk bnlted States s,o:k, a. 120 dollars,
the bank selling the same day ut sll5,
Less brokerage; and on the 9Th January,
lslO there was received from him az cash
one hundred and thirty shares at SlDD,
the market price Of that day being s35 rs.
On the 4th March, 1880, Messrs. Joseph
CowPerfllvaite, Tnomas Dunlap, and 10.
sePh Cobot agreed 10 purchase Of the
Bank two thousand shares Of Philadelphia
and Reading Railroad Co.'S stock at GiJ
per share, on u credit of two years, and
on the application Of these parties on the
l3Lh February, 1910, the said contract
was annulled. II is stated in n report #
the Exchange Committee, Of August 2s,
1910, and entered Oh the minutes Of the
Board, that the Philadelphia and Reading
Railroad 20. had made Il contract with
M. Joseph Cowpertawa.te Tor Il loan #
s300,O00, In his individual capacity, (al-
though supposed by the company to hate
been on account OF the Bank 10 b. con-
yerted into sterling bonds nj # ~ per
pound sterling. AT III. period Of that re-
p,rt, thc~slm Of $4,000 dollars of this
loan had been taken up, OF which the bank
was taen the hoilers Of 272 900 dpiiur*,
and on that day with the assent Of The
Doard) assumed the balances unpaid of the
contract. Upon the 18th day of August,
1888, the Bank guaranteed a contract
made by Mr.. Nicholas Biille ii bis indi.
yidnal capacity, for the purchase Of $500
bonds Of the State of Mississippi, of two
thousand dollars each, amounting in tho
whole TO 100000 dollars. The sigma.
ture Of Mr.. Thomas Dunlap, then second
assistant cashier, was affixed 10 the guar
antee on behalf of tao Bank, upon tho
yerbtl authority OF the President. Upon
the 2oth January, 1890, The Bank guar
anteed to the STATE Of Michigan the pune
,tIaI fulflment OF the obligations Of thu
Norris Canal and Barking Co, fsr th5
purchase Of bohis OF TINT State to the cv-
tent Of 30 I45,Gs7 80, for 2,70D.0OO
taken at par, and Including interest on tho
instaiments payable every three months
up to January, 1913. Oa the 29th April,
1880, tnc.Eans guaranteed q contract en-
tered into by Mr.. Thomas Dunlap in bis
individual capacity, for the purchase of
one million ct dollars Of the Illinois and
Michigan Canal stock. In regard { 0
these transactions the committee can fuI
no authority on the minutes Of the Board,
and have been referred to none by TIN,
President, apon whom they called for IN
formations"
The committee fnl ono item Of $780,
0ao under d,te of June, 1910, in relation
to which they could get no satisfactory
explanation, and IN thsT Of SG1s649 10
paid oft on the "rsceipts of Mr.. N. Bid
BILE" OF an. Biddlc and ]. Cowperth-
waite" and @eashier's Vouchers" They
called on Messrs. Bidde and Cowpersa-
waite for an explanation. but received no
reply.
Here are upwards OF 4 MILLION or
DOLLARS msoAy mnaccousted for
The general conclusion Of these disclo-
s,ues is, that tho Bank has been for many
years managed with a view to The profit
Of its officers, without regard to the inter-
ests of the stockholders or the communi-
ty. Its funds have been taken, not In
thousands, but in MILLIONS without the
sanction or Knowledge of the Direc'ory,
By III: Presideary cashier, AMI osher officers,
their partners and favora IS, to prpBac.s their
specutatioas, and corer their losses.
Many of the stockholders de, ervc sy m
pathy, but not he old and intelligent onea.
Ifhe very practices now commented on,
which have Led to the d.lapidation Of their
Bank, were exposed and canyassed again
and again, in 1885,, =, and 1.-The leans
10 brokers, loans by the exchange commit
tee, loars from the drawer, loans from
Biddle's breaches pocket, interference in
politics, moneys expended without voIcli-
ers, false returns to the Treasury, and false
P1seIIlIAIS " I%1AIau&ItS-I W1AG llks4
before the country. But the stockholders
were receiving seven per cent. dividends
They were in general devoted Waigst
tfihev TiiMfy sfM fheH syes ami tieir ears
10 every thing, However direct and concIu-
s:ve, which went to irnpeach the marage-
ment Of the Bank. All MAS hszza for
Nicholas Biddfe. the great hnancier; and
a.--- -. IT, AF~-oxr LII H.
from the mountain OF fraud which his ge.
MUS had created, to avoid being buried in
the lasa which he knew its gathering fires
would soon vofolt forth, they gave him A.
TON OF SILVER PLATE in testi-
mony ct their respect No, we DO not
pity Mexa. They were w%ilfuEly biiad
they worshipped an idol with the truth be-
fore them; they regarded not fragrant
breaches Of rule and law - long as they
supposed their own interest was protected
they looked on calmly while their agents
were buying up with their monev editors
and politicians like cattle in the market
they & uid and ought to have checked
these unlawful and immoral practices in
the bud they ought to have known that
men who dealt ~disengenuoGsiiy and dis
honestly with the country, would in the
end deal dishonesty with them; but they
needed not " the wrath to come,' and nov
they mt=t bear lis fires.
M,ReH al Misn.-An honest farmer IN
the state Il fell-ylrama married a Miss
from a fashionable boarding seLecl, for his
| saeapf ptEa sEa pra- S4r.eLe Gtssnh. .4stvEs
her eloqaenee, and gaped with wonder ar
his wife ; learnsag.
You may (sasd he bore q hoie through