The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-22

Decrease, s,7sso7s llos.la4 ''''"''
This return exhibits singular auctuation and since
it was made, the two largest, the Oirard and Bank of
Pennsylvania, have failed
The depostors inAAe Lafayette Bank, which was en-.
joined Saturday, making great complaint ct be.
ing suddenly deprived Of their means. Some of them
made deposites almost at the very moment Of
which were received by the institution This may
to them hardship but in business who could be
so culpaby negligent of their affairs to continue
their accounts in banks VIGOROUSLY in bad credit they
must expect to suffer- la the case Of the Commercial
Bank, it il well known that the Commissioners were in
the secret Of Rsdfslds atoms, long before they
stopped the bank In connection with the failure of the
Lafay Bank, will repubsh extracts from certain
letters which appeared in columns at the time Of the
failure Of the Commercial Bank addressed to Chandler
Starr, Esq:
Has any cashier, other than Red6eld, furnished a
Of the pre.iAsnts liabilities director and
did you Afterwards discover the custody of the bank
(exclusive Of and in addition to the liabilities thus sta
ted) mortgage or mortgages Of the president securing
much larger amount than his liabilities originally
represented to be the casher3 Did the cashier ex
cuse himself BY saying that the president had given
the mere naked Instrument Of mortgage, unaccompa-
MED BY his bond he could not be considered personally
liable and Tor that reason that amount not
president had given merely the mortgage, unaccompa-
MED by his bond he could not be considered
LIABLE and Tor that reason that not nclu.
dedl Were you not informed, and did not the cashier
know that the proceeds Of those were appropra
ted to rebuild certain tenements Of the president in hs
Burnt District And not the mortgage in the Gus
tody Of the bank given those very tenements? In
your examination Of the books Of the bank did you dis
cover the presidents frequently overdrawn7
Do you know whether the president large pur.
chaser Of the stock of the bank7 Did he overdraw his
account with the bank TO pay for such stock7 How
COED 800 ~ ''''N :" ''''
What amount Of the funds of the Bank was loaned to
in satan Island property We're sny Of tne pireeors
concerned in those speculstions What amount 10
still due from those Spectators Has the interest
Doyou know whether the Cashier in anticipation Of
visit from the Bank Commissioner, borrowed large
sum- behalf OF the Bank OF another nav.
ing interest the loan Did he draw the in
specie rePleAsh the mrov ershed Golfers Of the Bank1
Was the specie Paid out again the exannaio
was thought to be finished DID you particularly
notice sudden increase of the specie Of the Bank
about the first days Of January and july and the
crease after those periods
DO you not know thst the cashier, in addition to his
oeSre mentioned (ana Of which you
inormed specniaed also In the stock of the bank in
partnelshiP with one Of the dealers Of the bank Did
you not Know that In order conceal his operations
means for such specuations he the cashier allowed
this dealer, who was altogether irresponsible 10 over
ysu not find the cheek. Of this , s%0ms, n
cash items and counted as such by the bank Was not
months in the tellers cash Did YOU not Tell shs
Ter that they must be taken the Il Iook
ed badand were they not finally paid by this man. pro-
curing the notes OF the BY whom these checks
were drawn and having them discounted by the bank
Were not these notes worthless the checks Did
not the drawer CT large portion Of these become
insovent before they arrived at maturity Did he, in
his assignment exhibit liabilities to the amount of about
forty thousand dollars, and assets where with pay to
the amount Of about l6 hundred dollars How many
thousand dollars did the cashier loan this
Morris Canal and other fancy stocks and how much will
the bank lose by the operation Should it become
cessary to resort to the cashiers bond how much will
the bank be probably able TO realize Are his suretes
responsible men, or they at the time Of giving
their boz ds, and are they yet utterly insolvent1
How many thousand dollars did the bank lose by
gentlemen of the bar, eminent fnancier, in specu
laton in New York and Oswego property After this
speculation fsiied did the cashier with
any part Of bis swego property Did they aerw ards
exchange for lots In the City ofNew York Did they
the dealer draw his notes and the director endorse