The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-29


and his nephew Thomas having standing the stock
book Of the bank eleven thousand dollars of stock for
which they had paid IS before stated $780, besides
twenty five thousand dollars Of fictitious stock for
which Thomas had given his own nsts for An equal
sum, and which was never paid, nor intended ex
pected to be- and which has disappeared from among
the papers OF the bAnk) entered into contract with
Egbert A Thompson, notwithstanding their mt
not to sell without the consent OF the other stock
holders and gave to him writing drawn up In the
handwriting OF ANGEL OF which the following is IN
exact copy -
"The subscribers certify that they have, At their
control and dspoeal fifteen Thousand dollars in the
capital stock Of the Bank Of Susqushanns county
Moprose Pa which IL full stock the books of said
bank and which We do hereby stipulate and agree to
convey TO u. A. Thompson Esq, Of Cincinnati on de-
in Gf thousand V ~s SunassS
" " 4 ST. JOHN.
TPSr JOHN.n
And the day they discounted II done by the
bank, note OF which the following Is an exact copy,
the note being In the hand writing Of ANGEL St John
and the signatures in Thompson's
$4,000 NEw YoEx ed Nav l84S
"Ninsty days after date, for value received We
jointly and ssverslly promise to pay f. A. Thompson,
order, at the Bank Of sutquehanna county, Pc ,
twenty thousand dollars with interest
by f.. A. THOMPSON, Attorney.
w. Q. HoDGsON,
by A THOMSON, Attorney.
JAMES +, FURNESS,
by f.. A. THOMPSON, Attorney.
+. A. THOMPSON.
Endorsed f. A. THOMPSON.
They also discounted six notes, fer $4,000 each Of
by W Q. Bodgson, Peter voorhis, } c. Brown W.
Bradley, c. Brown, and Robert Merrill jr On the
second day Of July, they discounted another note,
eigped w. Bradley. and the thirtisth two Others
for P. voorhis, and the other for w. O. Hodgson
In ell nine notes, Of $26Oo each These notes all pur
ported To be endorsed by james T. Furuo5s aud r. A.
Thompso The whole amount thus discounted being
$42s0 including the note for $40 900 FIRST
and It is RAID all those persons reside in Cincinnati in
On the goth Of May Tn P. st John having returned
frsm New York to Monrose procured the directors to
be called together read to them what he said
letter from his uncle ANGEL, recommending those per-
Of capital safe and doing large business
and stating that they had made inquiries Of
ferrsa to In New York, and satisfied Of their
ability He then ~ one Of the directors moved the
following resolution, which passed and entered
Resolved That the cashier bei authorised and
directed to discount the notes drafts, both Of
HodGson, Voorhis,, Merrill Bradley, Brown, Thompson,
and Furnsss Of Cincinnati at three and four months
from time to time he may deem 1t expedent, to an
amount not exceeding forty thousand dollars.
viously discounted in New York, on the 22d By him
and his uncle placed the discount book ha-
wing been done under the following dates That Of
HodgeoD, under the week commencing May 2Sth, Of
Voorhis, under that commencing June 18th. one Of
Browns, June 18th Bradsys June 26th and the other
OF Browns and Msrrils. July 10. The object In thus
entering them on the discount book may readily be
conceived, after reading the above resolution
The cheek for the 900, for which the FIRST note
writing Of III. r. ST. John, and IL not signed BY any
enc.
lodged by ANGEL ST. John, in letter to Mr. De Lamst
ter, dated August Esd signed, "a ST. John Per T. ?.
st Jobs"t to have been paid that day and credited
TO the bank How the other six stand at the present
time the st. Jsnns alone ts they have them in
their possession.
It is not too violent presumption to suppose, thar
the $50 600 intended to pay the St Johns for their
clear. Thompson might have paid It in Dash, or IL
0us Of ,as Ta ID.
their hands, redeemed by them with the funds sup
piled by the bank and thus requiring them 10 be twice
would much smbsrrass the Institution. and
occasion continual urging for funds to be sent
Such vas the fact, under the prstenss that the
when in the styJ in his name were writing
for more funds to be sent whereby the institution
was constantly drained during the whole summer and
autumn to tbs 9th Of October, when stopped pay
ment.
There was found among the papers Of the bank, by
"ri.ns TSa%p.U. dated ~. so;s IA. AZ
OF June, ls<s purportng to be agreement made be-
tween the bank and Thompson, whereby the former
eulstion Of the bank to the amount Of ninety thou
sand dollars" and Thoa pson covsnsntsd and agreed
80 TO use the notes Aforesaid - to obtain fer them
far possible such circulation should beat pre-
vent their return home for redemption" He to pro-
vide for their redemption, and to pay two per cent
agreement continue isdsnntsy, and could only BE-
Snnulled BY the bank directors giving Thompson one
years notice OF their Intention TO do. This
agreement never laid before the beard Of d.
reotors or known to any OF them, except Thomas St
John, nor In any way sanctioned BY any person su
tborxsd 90 to do behalf Of the bank Yet sixty i've
thousand dollars In notes Of the bank issued 10
him. part Of the ninety thousand all OF which
done by and under the direction Of Thomas st John
and passed through The hands Of ANGEL, who become
Tbompsons agent for their redemption. Twenty Of
the sixty Ave thousand sent to Thompson to be
pledged to the State BANK 1T Morris, for equal
Of the small notes Of that bank, to be mixed
With the sssqusbanns notes for circulation In the
Western States Seventeen thousand Of this WAS In
notes signed BY Thomas after he had oesssd to be
cashier and antsdsted to January lst, lst9. pack
age including, in all, $4,000, vas made and sent to
ANGEL, and under date of"Nsv York, 18th Of August
1s4sn be wrote to DE Lamatter as follows ~ have
delivered to T. A. Thompson Esq. the notes Of your
bank sent 70 my care amounting 20 nineteen thousand
dollars and have paid him, FROM my funds, thou
sand dollars In addition for which latter you will
please give me credit
with Thompson AFTER they had sold out their stock to
him and bad ceased to have any interest In the bank
and their subsequent dealings With him In relation to
this $4,000 would almost induce to think that
community OF interest existed among them, and that
they partners With him In the Transaction, and
II seems quite olssr that the parties we're Interested
both In the Bank Of susqushanss County and In the
State Bank at Morris st the same time aud that they
attempted to sustain the one bank With the other.
On the 23d OF August, A. st John, per T. r. So.
Jobp,r writes to the cashier, De LsDatter 80
n.,s this DAY ,sas ny s. and $500
OF State Bank at Morris which will be explained BY
MIR Thompsons letter enclosed. You viii please credit
the sams TO my sooount.n
On tn. both August, A. St John writes :" send for
my credit New Jersey bank notes 81 500; susque-
hanna county do. $500 4" BY New Jersey bank
notes." IL meant notes Of the State Bank at Morris
ON the 22d September, he writes send you TO-
day By Rice and Peos's Express package 20 my
New jersey notes"
Oct. 20 the day before the bank failed Thomas
writing for ANGEL ssys I'm. A b. Is here, and viii
remain till Monday. Thompson is also here he en-.
pected TO send you some Jersey to day but has mot
been able to get IL ready; viii send It tomorrov or
Monday at farthest"
And Tkemss 2. St John, while in New YORK. after
he had resigned cashier the fourth Of August,
and De Lsmstter had been appointed In his place
ntly sending Instructions to the new cashier aud
among other letters wrote TO him a. follows
First, without date" You better send down the
5000 diff which Thompson sent on TO you. In re-
nevsl 81 those sue 2stb Sept with directions to A. St.
John to sell bypothecsts the zane, Sc. as he
probably II here TO rase money until after the
fall REDEEM ptons over case 10 should be needed
Thompson will send you up some Jersey money to
morrow, az he has gone for II to-day, and viii
send you gold. shall probably leave to morrow
night for homs Send the srsft by to-morrs~'s mail
A. Bradley here for dsy OF t~o, and We ere very
m uch ple assd with him "