New-York tribune., 1841-04-20

v bn -. statements II the Report OF the lnves';-
a,;nr Conrittee ce-sung the former Administrator ''
the .k e-1aaa.ed from feeling OF jealousy on 'ha P
.v-l members OF hat Committee who are iaTssiE n
o-a-.d II ire Scauvk:u Navigation Company Nj b'd-
de says:
without meaning 10 give any opinion about tina; case me
.,-2r,e fact that the Bank bad Just brought a sun
f-is >fa.sc- vas of itse; sufficient to prevent A> O
,- o.; mai Committee OF Investigation Before aay W
80 ~ ,o,,5 tavo been rejected 4 juror, and sense
of propre:v should have induced nm instantly 20
the appointments; His partner Nj hanpe hE7c' na1 oeen
Director II 1910. but in consequence o' c9n'Ft
5, u.1s left out the Board a. the lasi eicct.ona oI
- 100, s,-ront-pent These feelings found otiicr stunt
lant= 10 support them. Nh Eyre l. UNDERSTOOD 70 De e
I,-a s,ccLbolIer in the Schuylk Navigation Company:
OF which NJ. LiPPincot' Is the fre.i'e1 a1 al.' -
rrsons Mr. M.ssey. Nh LiPpincot; and hE tyre ana
rb.i- erd. are believed have aeary all their fortunes
dependent OF the o; that work. "nc they hae 10
interest n the Bauk-Mr NaSse- owning only TWO SiaFe
Nr Eyre three and Mr.. Lipp;ncott FIVE 1t wa: at one
period though; profitable speculation but ever? DAY :
eprroached on bv later Improvements 'nc more eslH'
bv railroad going directly the very mouth oil Tue ie
a.. .b,. s stock which was sold 81 0 or sl9U sha'e =
now on the decline and has already reached goo OF eoO
These parti.s are extremely sensitive the SUBJECT OF every
rev -p-overncn which may interfere with them ana ihe
are more particularly bitter against th's headng haFoao
which when completed. will probably su0Fsede 'c 'e1
ravra;jon Now the Bank the United States mas oceh
oI;c1 n take Tor debts large number OF shares IN the
Reading Railroad and. with view TO protect ia own IN
ere,t has given facilities finish the road 90 rs 10 aN
il productive OF the officers and Directors wcr' o
holders Of shares in the road and what was st more
criminal Mr. Jaudon while in England negotiated some loan
or rot some iron the Company Now the owners OF tl
Navigation Company clearly that II these persons should
be rendered odious if the Bank OF the ted States cod o
broken down would carry down this keadrs haiF'ai'
, ,r,s increase the profits Company. ms l. really
the foundation of the whole OF this attack upon the Bank II
j. the vengeance Of the huyk Navigation Company against
the Ban of the United States for lending money 10 the head
ing Railroad.
In the Report OF the Investigating Committee opinion
i EXPRESSED that the Committee OF Exchange ought not to
have the power of making stock loans that they ought not
to discount, but onv buv Bill. of Exchange 1t also states
that the Committee kept no but verbal orders
10 the officers of the Bank and that their transactions were
never submitted the Board OF Directors Mr. bidd'e says
Now what l mean to prove is this =
I.t That these Exchange Committees have been IN use
since the foundation Of the Bank-vcry benehciay 20 'e
Bark.
.b rbonoc Committees the same powers here delegated
81. That the Board haze instructed them not 10 eonf'e
enseirss 10 erchanrcs-5u 10 make discounts ana sT
prc,slp er>m,ted them from the Necessity o. reporting
| itetr proceedings to tie Board
4th And finally prove that OF all the Directors
of the Bank from commencement to TINS hor-'he man
who has been the decided IN his support OF the do'
of the Committee of Exchang-thc man who asnln and again
declared that the Committee Exchange should not cone
itself 10 mere bills but should make discounts and should
not cpor, it. proceedings the Boart-that person Is the
very identical Mr.. Joshua Lppncoti, who now as mar
man of the Investigating Committee dcnounces these Con-
i,ee and Boards for doing this very thing when ne
himself insisted thev should do shall at The same
@ prove that next TO Mr. Joshua LpPncO the individual
who was most Jealous in the cause Is MIR Manuel
Eyre the real member of this Committee through MS part
ner Mr.. Massey
These thing. he establishes ~ from the minutes
Of tho Board of Directors OF Resolutions voted for by r
Lppncott and Mr.. Eyre In relation to the loans made
personally by the Cashier. Mr. Bddc SAYS
- an, assured by the late Cashier that both Mr. LPPin
colt and Mr. Eyre, while sitting Directors frequently
asked and obtaned from hiu large loans which theE dd not
submit either TO the Board the COMMITTEE uese
acts of kindness ought have prevented any very violent
Indignation their part against loans by the Cashier
To the charge general malpractice IN making loans and
advances shipments of Cotton Mr. Bidde states that on
the 28,h OF June 1888 examination reported by the
Committee on the State the Bank, and then says
Here then was every of oil these loans and Cotton
purchases before committee whose bounden duy II was 10
examine them Who was this Committee What Directors
were ey so lost to their duty as examined these
dongs and exposed them Vino above all, the Chair
man of thai Committee, the natural leader of that great he
form AIMS for human iniru,ty In the appendix OF the
Committee report list of all the Committees tor several
wears from which appears that the very 2Sh OF June.
this yigant Committee the state OF the BANK stands re-
corded and at their head Joshua LpprncoH, Chairman
And now when this Mr. Lppncot goes before the stock
holders TO complain of abuses let him be asked by eoe IN
dcpendent man what he did that occasion Say to hlm
did YOU examine these statements If you say no-hcn you
trayed vonr dutv-thcn YOU were falhe-s yes
then why did YOU stop these proceedings which now,
nearly years afterwards YOU 10 us to denounce
You unjust IN either way and We fear that all this
pretended zeal in service but mask 10 conceal your
own selfish purposes.
Mr. Bildc concludes with the assertion that his belief
tina; the managers of the Schuylk Navigation Company
have by Misrepresentation. rnted the stockholders into
measures which cannot fail greatly ujuc their interests
and that the Bank of the un:ed States has been sacrificed
to the jealousy and the despair OF the SchuyI Navigation
Company.
c An old man was found days since, in the
lower edge of Taapoo.a Couny Alabama shockHsly and
brutay muaed He died short time, refusing to the
la. 10 diyce The nare Of the perion who h.d been guilty