Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1843-05-09

public,s spirited gentleman was caught by
Read g. Son. They took large amount
Of its paper 10 throw into circulation at
Louisville A portion of the newspaper
press here invoked the generous conf
dehce Of the peOple--doubtless from
sufficient molives-and Reads write from
Louisville to Iglehart, in great glee, that
they had procured the Journal, to copy
the puffs ofthe Cincinnati Gazette, and
would have the Advertiser and other
Louisville papers do the same, and they
"would themselves try hand at an edito-
rial" By sile mt exertion, say they to lg-
lehart, we can get out 100000 or
$500, 900, of The baEk's paper, and our
neghbors will be none the wiser. Things
were getting along swimmingly. Igle>
hart himself was not idle. He was per-
feclly potentate among the brokers. He
worked out the paper throgh every chink
TO the public. He was the most prince
ly pork buyer and magnificent operator
to be found in this great city of pork
The way in which he denied and wined,
and talked Of sound currency and good
legislation. with bis friend Corwin, and
his friends this, that and the other, were
the admiration OF his correspondents, and
especially of the farmers to whom he was
diffusing the blessing of-a plentiful circu-
lation. But this state of things was
rather dashed by the fact that the Earl
clique began to think that Iglehart was
getting more than his share of the good
things Read g. Son complained that the
B1nk would not ratify their bargin with
Iglehart, as agent of the Bank, by which
they were to have any quantity of paper
tn circulate, and Iglehart fell out with the
Earl faction, and plotted with the Reads,
and other stockholders, to oust them
But this was not easy TO do, for they held
2lOO shares--a majority Of the Stock
The second election of directors was
drawing nigh the crissis was imminent
--one or the other of the factions must
succumb, for the Miami and Ohio valleys
we're too small for so many able finan-
ciers. It was finally resolved that the
Earl stock should not be voted, because
they had paid nothing but certificate OF
deposite upon it. The contest rose
from words to blows, and the Earl clique
we're forcibly elected. But they were
not TO be choakej off so easily. They
avowed their determination 10 hold an e.
lection of their own, and as they still had
possession of some of the keys, and ono
of the rooms, of the Bank, 1t was doubt
full whether the house of Montague or of
the Capulet would finally prevail. In this
dilemma, Read g. Son stepped in, and
bought up the entire stock of the Earl
CLIQUE for $4,000, and so the flair was
settled, and The Iglehart faction triumph
ed. It was found upon examination, that
no entry whatever was made of the large
loans to Earls and Iglehart. A part oI
The directors. even, It was said, knew
nothing Of them until the falling out
Reals purchase Of stock was assumed by
the Bank, and an arrangement was en-
tered into for Reads to act further a
Louisville in selling stocks and circulating
money.
In pursuance to this new arrangement
they were sent home, laden, like return
ing honey bees, with $4,000 Of tht
Banks paper to circulate. But change
came over the spirit of their dream
they began 10 discredit the Lebanon pa
per, and declined any longer 10 act a
agents. The pork bought by Earl'
. friends in Indiana, with part of the none,
, borrowed by them from the Bank, ant
unaccounted for, found its way into tn,
hands of 1gIehart & Co., and vas b
them transferred to Read & Son, VIII
exhibited drafts, duly honored, in favo
? of Iglehart, as proof Of payment for tn
y pork. A committee Of the director
/ was sent down 10 Louisville, 10 settl
5 with Read g. Son. They withdrew tn
a $lO, 900 of paper, aud one of the Read
) came up to Cincinnati with them, an
: had interview with Iglehart, having OF
e tanned receipt from the committee
expressed to be for the $4,000 and in
4 full Of all transactions up TO date. This r'
ceipt was exhibited, but plaintiffs Intro
r duced the evidence Of one Of the comm
n tee that The words in full, &c. were NJ
: in the receipt when signed, or that /
n had overlooked them. and the settleme
!, was not in fuIl-the pork account beir
a still behind
n The case was argued to the Jury wi
D. great deal of force and ability by M
" Fox and Elk Governor Cor win, for 4
ST plaintiffs and Pugh and J. G. Wrig
,e for defendants. The worthy Elk Goven
,g seemed pefectly at home on the su
s. ject.
r. III ey found contract 10 exist, th
he would next inquire into the foundation
his that contradiction if they found it TO
- a kind Of conspiracy to put out the moi
as, Of fraudulent bank, it was against pit
ad lie morals and good government, and
1Iy void.
en-. The Jury thereupon returned verd