The republic. [volume] (Washington [D.C.]) 1849-1853, 1849-12-03
From The Netcarh Daily Adrnti'er, Nor. 30.
Ind ctments I'm the Morris State Bank affair

The grand jury Of Morris county, during its la
borious session last week, found bills against the
President, Cashier and directors Of this broken CON
at the time Of the poson; and the President,
Lambert Norton, has been arrested, and il now
closely confined in the county Jail. He has been
sojourning since the explosion, we understand, in
New Haven, but had returned on n visit 20 Morris
town ut the instance Of the receivers TO impart some
required information; having done which nc was
arrested by the sheriff on the indictment lust pre-
scented by the grand jury, and imprisoned in de-
FAULT OF bail The indictment against him,
derstand, ~ Tor perjury, I'm having sworn according
to the requirements of the law that the actual cash
capital OF the bank had been paid in whereas il is
alleged that IT held nothing more valuable than
worthless susquchanna bank paper and other ire
sponsible "promiscs TO pay" The cashier
Dayton, suddenly disappeared last week when the
grand jury convened There arc several indict.
mcnts against him, and his property in town, we
learn by the Bdnner, has been attached. Some Of
the directors, II is believed, merely implicated
by being caught in bad company and deceived by
specious representations The Oyer and Terminer
adjourned over to the 18th December, when il is
probable that the trial Of the President at least will
be brought on. II need scarcely be added that the
high character Of the New Jersey judiciary affords
an ample guarantee that justice will be impartialy
administered.
Recent developments show that the Susquehanna
Bank affair at Montrose IL even more criminal II
appears that the bank was revived after its suspcn
sion some years ago by the Messrs. st. John, and
that subsequently passed into the hands Of others
including individuals M far off as Cincinnati
through the management Of f.. A. Thompson, the
Cincinnati lawyer concerned in the negotiations
relative TO the Morris State Bank. The purchase
money was raised, il would seem, by the discount
OF pronssory notes, one Of which, for $50 600 was
signed by Thompson attorney for three other
persons, drawn to his order, and endorsed by him!
Both banks appear to have been secured by the
same parties, with view 10 each, interchange
ably, 10 get large amount ofpaper in circulation
IL Is the general opinion at Montrosc that some
S2OO,OOO of the Susquebanna paper was put in cir
culaton. How far MIR. Norton and the resident
directors of the Morris State Bank are implicated
in the fraudulent intent, remains 10 be seen The
trial will doubtless enable the public 10 discriminate
iairly between the dccevers and the deceived the
dupc and the knave.
Thompson's exculpatory letter from Cincinnati
which we published on Saturday last, and in which
he alleges that he the innocent attorney and
tool of others, is sadly at variance with the
ing, peremptory character of his note published i'm
Nortons expose some weeks ago "All do" was
ms language then, "I expect TO do for the best in
tcrcst OF myself and the credit of the bank; and
when write for money do not expect 10 be told
that cannot have IL. ! can't afford To pay high
salaries To officers and then have them turn round
and tie my hands, 20 that can't make nothing 10
pay them Now, iorsootb, this absolute magiste-
rial "P' affects TO have been a simple attorney