New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-01-18
piaipGe.d Bank gain.

From, the Newark Daily Advertiser. ian. IT,
The Receivers Of the Piainfed Bank have sig
nihed by letter % NJ. Y Beach Sons their vii
linspess T. accept their offer 10 put gold AMI sH
,y ~ tte hands Of he Recerers sufficient 10 redeem
ali he liabilities Of the Bank" Instead Of fulfill
ing their offer the Messrs. Beach are raising &
false issue before the public. b. attempting 20 show
that they had frequently before made the same
offer which the Receivers have denied. For this
purpose they publish in the Sun Of Saturday the
following letter
Dsar Sr You cannot feel more grevec than ourselves
tho present condition Of the ah4s OF The Plznie q
Bank n order % facilitate and hafn hsr final cose, rs
had an aae rsfadiug uii he hfceircs that n'gst
deem ~ birs and fast kandsd IN 70 tAeni thy roHd
se pp TIE as5ef and col ara Of tAe b4f md rcirn TIE
ma banee 10 fke Stscshodes Ne mmenced is good
fA me Recsiss7s refusing 10 earry out he aranss-
euf tuD endcd Il sppesrs thai te for return
se the oils has expired AID learn that 500 coo Of the
bills have been received snd IN order that all arGlls may
n co.ed AZ once without delay m cation trouhie,
,voud raw M. Receivers this SEQ eco. beside 600
for expenses tfoub- etc and take The property OF The
RANK eolafers etc &c or We Soald leave 70 a. have
offered 10 DO before. 10 referees fof settlement ~
Yours truly NJ. Y. BEACH SONS
To EATHAs yAL, late President Of tho P.anhed Bank
This letter. BE- it observed instead OF being an
offer OF any kind 10 the Receivers is private let
ter to Nathan Vail, and apparently part OF q con
tiuu0us correspondence A copy OF it was sent
to toe Office OF the Receivers some time IN Octo-
her last by 4. Webster, Esq OF Pianheld, at
the request VI the Receivers, but NOT until alter
the OH when the Receivers were ordered by
ths Chancellor IN reopen the books Tho part
OF the above letter which IL italicised Is utterly
and unequivocslly false. The Receivers repeat,
tina. no such offer as that recently mate n ne
Sun 10 redeem oil The liabilities Of tie Bank
an cold and sHrer, was ever before made to
the Receivers-snd the stupidity which could
uereeFt the above letter - Nathan Vail into such
az offer is Of the most profound character. IL Is at
best but an otter 10 Nathan Vsi and not 10 the He
ceivers-and to him it is bat al offer 10 redeem
much less than onehalf Of the circulation alone Of
ne Bank and It certainly cannot require an srsu,
ment 70 show the improperly and imposslhllty oi
realeasing 81 Y. Beach Il Sons from all liability
sth regard 10 the Bank upon their pay ing 500 OoO
when they have had the benefit OF. and received
fan vslue for ALL or very nearly all the circulation
,i the Bank which amounted 10 sl25,l46, as ap-
pears by the inventory Of the Receivers. The adj,
mnis,rat0u Of Justice in NewJersey IS not based
upon such principles, and will never ~ me sugar
esf degrte coontenance such proceedings
The assertion in the Sun Of the oth inst. that
M Y Beach X Sons had offered the Receivers
for the Real Estate. Banking House and nix
turss belonging t. the Bank in Plalnted, nearly
one thousand dollars m0Te than they received
Tor the property is wholly untrue. The prop
erty ~as sold at public SAFE after repeated ad-
i0u-uments at the request Of the Aessrs Beach
Tor s3 745-and the largest amount ever offered us
by NJ Y. Beach & Sons was % 500
JOHN :. DARCY, JOS. &. HORSBLONER
JOEL IUSN, DANIEL DObDJr Receivers &c