Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-05-22
SsnO-rOn

More than ono half the sum then was actually
drawn before Mr. BiddlOselt the Bank; and wheth.
er he received It on those days or not Il is cer,ain.
~ curious coincidence, that upon the 2jlh Of
March, 1889, the date Of the first of these drafts he
paId his debtto the Bank as heretofore mentioned
of SJO.OOO with interest.
Z. Another circumstance 10 be mentioned relates
to the letter signed IT. Dunlap. President to
Messrs Bevan and Humphreys Of Feb %, 1870
IN which he requests them 10 direct Me.,rs finn,
phreys and BiddIc To ruse funds by the sac Of
any or all the merchandise con, isned to IA, tn and
~ tins safe should he attended by any sacrihce on
Us COST undertaking that the Bank would mike
up the dihefence, and that the same al h'stsncr
would be made up on what they had already sold "
u - 10 be observed that this Letter never received
the npprObatOn Oi the Board Of Directors and Y,s
without Their knO~ledge The Committee have
also good reason IN believe that Il was drafted by
Mr.. biJdie himself, urged 10y him upon Mo. Dun.
lap, and signed by the IaIer gentleman with gts,i
relurtdnce-an error, Tor such Il undoubtedly vas
winch be afterwards redeemed, as for US Il was pos.
sDe, ~ insisting, m the hnal settlement, upon the
haDiity Of the parties to refund the loss, and by
making The best arrangements IT, bis power 10 repay
bis own share, principal and interest.
1.-THE PERMANENT tx PENSE ACCOUNT.
before proceeding To remark upon those portions
81 MI Bidde's letters which relate 10 this account
We may be permitted 10 safe, ns Gar rs we were
able 70 asceHnIn H. the history Of the entry Of 500
wv 70 losses ehnfgeable 20 contingent fund" for
l"'IlN l''Hh HIlHAs 70 ue IOuE1 m tins appendix
10 the Report ". 81 and mentioned also nj TO- 25l
as not having been satisfactorily explained.
u appears that on the 2Jth n February, 1896 the
amount Of sundfles in the Fifst TelIer'a drsUer
was 81 ,fJ6 81 30. OF this sum siOOOOO uers
the receipts Of the President for moneys paid bio
/ % the Cashiers orders. This amount Of sundres
On ths t9.i1wing diy March !, 1885, stood at only
| sIDlJyOJ a. The receipts IN question had been
/ taken out aud cannot Dog be found. About the
same tune a quantity o. Bank noles vas burned
/ under the supervision o. committee u the Board
| an1 among them tan post notes Of $4,000 each,
"hieh had been entered 10 the Post Note Register
but marked " the MARCIA Hot issHfd. The Report
OF the burning made opt rs usual Nv The officers
was signed by the Chairman Of tbe Committee. and
| presented TO the Board.
This report included the amouet 81 ibe Pos,
Notes destroyed under the general head OF psreo,
j Notes 40 entry 81 II was accordingly made IN
the journal Of that day, sbd tie whole amount de
strOyed and carried 70 the credit Of tbs Account NJ
Parent Bank issues IN the general ledger. soms.
time about June, 1889, the clerk Who kept hat az
count found 70 his surprise, that e balance was on
! the wrong SIDE, by which u seemed that more Pa
ront Bank Notes Of the particular denomination had
been destroyed thsp had ever been issued, and bav
| ipg satished bImseI Hat there was no mistake ~
the calculation, reported tie fact. IL became ne
cessarY TO balance this false entry by correspond
eng entry upon the other side, which was according
iy done upon the 9Th of June, 1910, and M,
amount as We ace cauied 10 tho account Of losse,
ehargeable 10 the contingent fund.
Thus, then, 20 the amount Of SGIsG AZ. 100