Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-05-01

HNNAF |"
the Bank by his ngeai, Ian. 3, 1889. Sl3.5OO
Jan. ), loll-His note due Jan. 6. 1912.
with iniescst-originally 4 debt 10 the
-. Bank. guaranteed by Nj. n. BidJie, and
never assumed by him. 100000
Balance Of loans from Bills Receivable 2J.5OC
sl6I,OOC
SECURITIES.
200 shares Philadelphia and Reading Rail Road
4OOO shares Newcastle and Frenchinvn Tam,
= portation and Reading Rail Road Comp1ny.
Deed to Mr.. y. Riddle for lands in Dauphin
County. but not conveyed to the Blnk-consider
,ios $4,000.
The general purpose Of this si,,enen, ia ~
show that had borrowed these Sl6l 900 from The
Bank, that | still owed it 10 the Bank. anil "A IL !,
put among the list Of debts from the officers of ibe
Bank, due and not paid, and in jeopardy. il was CIV.
identity designed 10 throw over IL the same shade
That is the general color OF this decep,j,n. R,,
when Won come 10 particulars:
L. The first item Is 4 purchased by me Off certain
stock belonging 10 the Bank. which The Bunk W.,
anxious 10 sell, and which 1t sold for more ,b,,
iNIce lis present value. The transaction WAS yb,L
" favorable TO the bank and desired by the hank
and certainly | am not the favored party. IL would
doubtless have been put down as a common de5i =,
The bank Tor money borrowed. but by great ro,J
luck. as Il happened t. be n purchase Of this rn.
happy Reading Rail Road Stock, the pleasure oCey-
hIhilIng That guilt was too great for suppression. and
Tor thai reason the committee gave the fac, which
enables me to show That instead Of heing a borrow.
CT ! am only n purchlser-and that the nurcb,s,
mon2y VII! not Toe due TIL January. 1912. There
remained, however, one chance of preyauti,. H..
Transaction. TOO tempting TO I've omitted. Tho a.,
ih1t this stock Was purchased by me on Jaop,rv3 al
1889, but IN January 1889. | was Tho PresiB.1t ,f
the bank and therefore il /; bought This sr,rk =,
thai time ] should be guilty Of The inIelic,cy q,
purchasing The assets of the bank while / was at
TIC head OF It. Now, II was not until December-
long after ] had left the bank-whan 7 was nor.I,
a private citizen. without the slightest cp,ncc,i,,
win The bank IN the ransIcion-that I bought hi,
stock OF a stock broker.
That Is the first misrepresentation
Inc second item - rather worse. Here il n sum
OF slOOOOO which they describe as "oririu,lly n
debt to the bank guaranteed by Mr.. y. Bridle and
never assumed by him.. 50 that I am made IN m.
pear as one who first obtained 500 GOA FINN H.
bank through some one else on nv guarantee onI
after had got the money would never assume m.
debt. '' ~
NOW when the committee made this statement,
they had before them my note payable in Jooy,,,
next. with ample security. forming as good and s,G.
a debt as any in the bank and which will be Ger.
family paid at maturity. That is the second mis-.
representation. ~
Let me explain how such n note evo, an. -
at all. "''o
In my zeal TO promote objects Of improvetnon,
determined some years ago with one or tyyo pobIic
spirited gentlemen that there should be made a Rail
Road from Philadelphia to Baltimore. A large nor.
ton OF the funds was borrowed from the Rank and
with a view 10 ensure lis completion, I became p.r.
sonally the guarantee 10 the bank for the safety at
about 100000 Of the loan.
Well, the Road is now Observation-Disclosures,
and Baltimore are both in the fall enioymeut oT f,
and the whole Of the money, principal and ,.,o,..,
Is repaid or secured 90 the bank. OF the mari cp,,
anteed by me all has been paid except This 100000
dollars which IS not due iHl January. 1872
Receivable" s29.5OO.
This Is designed to convey the IMPRESSION tb,,
having borrowed this money, for lis security I boJ
leii a deed for some land which I would moi convey
10 the bank.
Now this committe had before Them q letter from
Tie late cashier declaring tn Il he had ID, authorize
whatever 10 borrow this money for me-ihey knew
that at the time this sum was charged IN m. w,,
not even aware 0f the existence of this loan-never
authorised Ii-and never knew of This dced.-,nd
Nat the matter was then in a course Of negotiation
with the bank.
There Is sill another misrepresentation Far more
important.
The m say that mot being able 10 obtain
satisfactory on the subject of those *.
Penses from the books or officers OF the bank. an.
plIeahon was made by letter to Mr.. y. Biddle and
MI. }. CowPerihwaite. from whom no reply has
been received. ~
Now contrast this with the irgth.
! myself made no answer because / perceived
That tho letter was a mere prete1l They were o.,
aiming an my aiiuirs without giving me any no.
nee and thIs letter asking information as 90 one IN.
sulated point was 10 he made the occasion az say.
ing hat they had given me notice on the only po,It
IN which they wanted infom1tion But Nj Cow.
peribwaitc himself called on the writer Of tte lef.
ter Mr. IippincOit. md IN his presence drew nm N
written account Of the Transaction and g,yo a.,
Mr.. Lippincoit Mr.. Cowpeuhwaito states these
facts IN a letter % me just received. Of which am
eI' rnct follows
FALLING 70 obtain from the proper officers Of the
Bank. alter repeated application. permission 10 o..
ausine the vouchers alluded 10 in the leuer Of the
chlimln Of The ommit 10 me Of On 2Ifh uIf /
called upon That individual and expressed my apr.
ity 10 give o. the Committed any in1rmarao I ms.
Aessgd on l11i 90 any other subject. stating q, him
iho fact That ] bad been refused permission 4, 80
ineso vouehers-Mr Lirpturpu informed me tb7f
ne ''InnlIlee naa also been TrcrIIicd from seeing
ne N'nrhffa-l Then stated Oh him what ny -...f
lection was respecting fhcu he rrgYa.feJ ma,
be pui down 300 writing, uui % short mor,,,.,J,m
was accordingly made. Yours. a.
COWPERTHVATTEu
Now is not OFT This very uufair Hero b. .m
ntaoe who assume % examine tho private CO..
ot every man WIN ir twenty wears Ans ~
u'aiin27 viii the tluk. They publish r,rbr,1
E''ie"sts 20 DO accounts. and when the arrr.,F
goes ~ the chairman Of The oommiuee nbd dsHy.
= " Nin a written statement, The chairman makes
We ''Inmiueo deny they ever received n c1mmu.
"oau'h from hIm uud turn his very silence into /,
,r"e' Anu how Is % % De for The future, u yv.s
contemplated io publish the accounts Of all t.
aealeH with Tho bank hut hey say. III has ,ss,
thought best not o. publish The Lists .o detail oCba
"'uve and suspended debt The injury which