The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-25


Geptsm en- IL notice you have copied the statement
of L. Norton, relative to the Morris, N. j., Bank and
Is the article although untrue Is calculated to do
injury request that my reply may be insertedin your
The facts of my connection with the bank are these
During the last spring was employed professionally
Attorney to East and portion OF the
stock Of the Susqushsnnah Bank. | had never heard
Of the bank before and for ell knew IL good Is
the Bank Of America; its standing at the time WAS
certainly good In all street. learned from inquiry
This commission executed to the satisfaction oil my
employers.
In relation to the New Jersey BANK, while East
recently was written to to ascertain If portion Of its
stock could be purchased ascertaned that 1t could
and communicated the terms to my employers; they
replied directing to purchase, which did under
their Instructions and the stock was transferred to
by transferred 10 the parties interested This Is
the sum and substance OF my agency In the matter
except that some OF the business in closing up the
matter was done through me- my principals being se'
sent.
The statement about my abssnting myself and
going to Cincinnsi is akin TO the other statement
The parties there knew perfectly we'll that was q
lawy er, residing In Cincinnati, and not banker en-
gagged in banking business and they also knew that
Was tn, ON my way with my family. The parties
with whom negotiated assured me that the bank was
solvent and in good condition that 1t the oldest
bank in New Jersey having been chartered in 1912,
and from that day had never been discrsdted; they
also knew had reason to know that was acting for
others So far as | was concerned, acted la good
faith in the matter aud have yet to learn that II is
not legitimate branch Of an attorneys business to
negotiate the purchase and sale OF bank as wsll as
The William Earl that Norton so deeply duplicates,
Secretary Of the rotten Protection Insurance
Company In August last This man Norton was agent
Of the Company and seemed to be entirely in the
hdence of Eerat least Earl and others selected Nor
ton and him President of the bank After this,
and while was absent Norton let Earl have 20,500
for the Insurance Company, and took stock of the
broken Hamilton Bank security, ss Norton informed
me by letter which IL in nay possession. imme-
disteIy informed Norton that the Hamilton Bank fail
ed long ago and that it's stock Rdoubtedy worth
less and that feared the debt would be lost To this
be replied that the debt " am ply secure and
have his letter that effect while he that the
security worthless; and yet he President Of the
bank and to protect its interests let all this
money 60 to his friend Earl.
The assertion IL, that the bank loaned me $40,
455 and could this Norton this paragon Of bank
honesty and sworn officer OF the bank let me have
this large sum- and not violate his oath of ONCE But
the truth is, he did let have any such sum.
employ ers Norton Informed me that the bank would
require funds to provide for redemptons
in New ork and suggested that should send some OF
notes Of the bank West to be for other
funds This ! agreed to do and Norton gave me At
enc time $40 600, at other times 50 SIS and $1,000
drew them ten days sight and gave the drafts to
Norton, as he requested. This was without the know
ledge Of Bradley Co.. and they declined accepting
the drafts aud held the money subject to my order
OF ell the OF money handed me by the bank, net
delsr has been put in circulation but now held
subject to the order Of the bsuk, aud the bank has
been twice written to to send and take 1T IL was
received by for and OF the bank and not
my private account has dollar OF IL been used
for my personal benefit.
The sum and substance Of Nortons statement II
wholly untrue and II is evidently thrust upon the pub
lie TO turn public attention from himself
Yours respectfully, Il. A. THOMPSON.