Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-05-21
THE BANK OF THE L. 8.

THE BANK OF THE L. 8.
The STRAY $500 0GO-This queer little item IN the
,cconnt If the Bank losses, seems faed TO remain
puzzle 1t mystifcs whatever it touches and all that
touch it.
At first it was simple entry in the abstract of losses
the correction tardily applied in lS4O, 10 ounder OF
counting in 1885, very proper CORRECTION so lar as II
went OF very strange accident But The reply OF Mr.
Oft before the stockholders, would seem TO show
that the entry of 1910 clearly bunder that
which il professed to correct Thus lucdly speaks the
reply :, ,,o..,, s-,,,, ,,o,, -. Nan.
and 10 in nv etcr Mr. Bde amounting 10 800 900,
(which stated the dosgmenl exhibited 10 Inc commune
failing 10 whom The subject for which they were applied was
charged 10 NJ BANK S s on t a
side in ledger and showed The extraordinary result tha
NOR. notes particular denomination had been redeemed
originally charged as issued and required another
entry - :. u mn , mo ,os, ., ,be record or
the late Bank sad avc been marked rs mol Issued
They have since been WIN other eanersd NOES
Bank Note account instead Of permanent expense account must
he left to conjecture.
aNust he left 10 conjecture: And why they should
be charged to "permanen expense account INSTEAD OF
"paren notes account must suppose be lett 10 Tie
same arbitrament. A plain man not versad IN bank
mysteries, would charge them to neither Here IS The
sum of $500 000 belonging to the Bank and the Bank
books tell us that it has been paid delivered over to
Mr. Bidde Has he ever repaid or returned it?-No.
Has he ever accounted for it? No-What has become
of it. then? For aught that appears upon The books or
among the vouchers, it is still in that genilemans posses
son Can there be doubt then, how this item should
be charged, Why, in the name Of all that IS arhme'
teal WHY place this the debit either Of parent Bank
notes or permanent expenses; unless indeed like the
worthy chairman, we better pleased with tie "eon-
lecture" than the acts Great must be the mystery Of
book keeping in Chestnut street, If this is sample OF
the entries in the Bank books
But this is only part Of the riddle. There ten
notes, says the chairman, of $4,000 each; the last
the record of the late Bank and said 10 have been
marked as not issued" Now, this is more exquisite
puzzle than any thing that has gone before If the
notes not issued, how could they be "paid TO Mr.
Eddle on Cashiers orders" or, indeed. 10 any body
else, Tho committee must have delighted IN myst'f-
cation, or they would have taken the trouble to ascer
tain how the fact was. Who said that these notes
were marked on the record as "not lssued: The re-
cord itself was accessible, and the labor of minute
would have unravelled the mystery lit appeared by
the record that they were really issued, when he who
said 10 the contrary averred what iase and would
Justly be regarded prvy, 1t not party, 20 fraud
IT, the other hand, the record had shown that these
notes issued then there would have been an end
al once to the allegation that they were paid to Mr.
ddle II is due to this gentleman that the examine
ton should yet be made and we suggest 1t as proper
topic for comment in his next letter.
One closing remark this amusing chapter in the
budget of blunders We thought at first, that IT, Dr.
rec;oTs Of 1886 must have been painfully embarrassed
by the discovery Of Sl00,000 hand mere than they
could account for. But Mr.. Lippinco.ts revelation
has turned the tables According 10 him, they never
experienced so queer disaster but found instead that
they had redeemed $500 600 more Of the Bank paper
than they had ever issued. liberal procedure GER
tainly towards the community, and which, if followed
OUT might add new value even TO ''the best currency
in the world But unhapplly, excess even of liberal
ity is sometimes followed by reaction; and The bhold-
Of 1871 would probably regard that currency as even
better than she BEST the manufacturers Of which would
content themselves with redeemng all that they issued
and redeeming nothing more.-Pennsyiranian