The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-01

1--WE would hold them any other respectable SCI
men, any responsible for the language and state
ments Of the Nsw Herk Herald paper has
after day harped upon this subject and made what little
public opinion there against the .ls ana Just !,
consistency in relation to this and all other matters which
it touches upon.
This certainly very crafty ing true but the writer
makes of fact The good Of intelligent
and community, readily distinguished the
merits of the affair amidst the mystery that thrown
around it, This mystery the writer in question: seeks
increase In undertaking to instruct the public on the
subject is fair to assume that he has least read the
documents published by the parties If So page 10 of
Mr.. Boormans book, no must have the following i'm
poran paragraph under the signature of Boorman Johns
ston Co. -
lst That on, or about the 18th January Isao our Mr.
sampson called on Messrs Little Co., lin compliance
wh me direction % our principal the who ST.
des IN kentucky and informed them that we should be
TO receive stock according to contract but that
spurious stock OF that institution in the MARKET we
should receive none but such could be established be
genuine.
This was fire days before the contract matured which
was on the 10th. No objection made receive by
power but only TO the genui.ess the stock The
OF Little Cove sufficient to guarantee forty times
that stock, consequently plea necessary
cerdingy on page 10 ofte book. find the follow
ing in letter to Mr. Smith from MIR. SAMPSON under date
of January 27:-
"Your 400 shares stock purchased Jacob
Little Co aud though past due have not been delivered
the transfer books being closed The writer in accord
stating that principal directed call for the Stock
they asked if ready to receive ito this the
writer responded in the affirmative when they said they
would deiper fodav but that they could only
deliver power of attorney and cericate this refused
as not legal transfer and there the matter stands"
These statements of Boorman Johnston Co. show that
negotiation about the delivery had been going be-
rity and days afterwards Mr. Little always tender
ing deiirery inthe prescribed the face of the
stock then the books closed by power after read
ing the sefacs and bordering upon them the writer
of the Courier deliberately states as follows =
The facts in regard to the original question in dispute
are briefly follows-Messrs Boorman, Johnston Co.
purchased from Messrs Jacob Little Co. four hundred
shares of the Bank Of Kentucky deliverable and
ninety days from the 22d of October $780, At the expra
ton OF the contract Messrs Little Co. neglected to make
any delivery or any tender Of deisey Of amy kind or
description Whaterer and there be question but
their failure to make such delivery tender thereof
was full cancelment of the contract both in law and
equity"
Here is papable misstatement, and if made by any
other party should pronounce to be unequivocal
taisehood uttered with intent deceive and for base
purposes but being, in common with the community,
aware of the rothy superficial and clustering chara
OF that concern, disposed rather to ascribe it to
utter want of capacity to comprehend the points of the
matter at ISSUE The balance of the article based upon
such foundation is not worth reading and may be
garded as the mere chaterng of magpe. We would
call attention, however to the fact that before the
tury of the stock Messrs Boorman Johnston Co. were
receiving sugsestions' from the principal to the
manner in which the contract might be evaded first
the ground of spurious stock second the ground
of delivery. It will be observed by the tenor OF Mr.
SIMPSONS letter of the 9th January that Mr. Smith had
already anticipated non-delivery. Every business
knows that letter cannot 60 to Louisville and back in
days We doubt not but that all the letters which
passed between Smith and Boorman at that time would
be very instructive.
We may notice one other misstatement, which is as
follows -
"The books Of the Bank being closed in consequence
of the recent disclosures of the fraud practced by Lee
wis.,"
In the report Of the President and Directors othe Bank
of Kentucky is the following letter
"scHUrLKILL BANK, December 4, 1889
DEAR sm:-By request Of the Bank of the United
tanned with us until the period for closing them pre-
paratory to the January dividend when list of the
ed to them will your Bank make its usual dividend
in January Your obedient servant,
HI. LEWIS, Cashier.
GEO. c. GwATHMEY, ESQ, Cashier"
1t not until about Jan. lst near one week
after the closing of the books that the Bank of Kentucky
fully Of the frauds. The books closed
for the dividend the Goth December and would have
been closed at the maturity of Boormans had no
frauds been discovered Would they then have refused
the delivery by power?
Sales mt the Stock Exchange.
$4,000 NY State 6's, 1860, 25shas Mohs wk, bnw 90
bio 81 Is do b3 32
i::: x.. s: r. F. do cash
1000 do do ia 100 do SIS 49H
IS shas N Am 4 Bkg Co, ga Is do StoningtOn, J65s
i2a do Auburn x Roch, 30 10 do Oh 10 LIS IT 63
Is do Mohawk, %
Second Board.
$1,000 Illinois, l71a Is shas Mohawk, 32x
Is shas Mohawk, 32A 100 do Long Island 49L
so do 80