The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-17
Ha,Rr ~ GRAcr Nd, April 9th, is4'
A. J AUSTIN, Cashier
HArRf o. GRAey Nd, July 1. 1850.

u. COLLIER. Cashier.
Mr 7homas resumed-The defence show IA the books.
They full a fraudulent entries according the tes-
tniony q the directors Where cl-- them
but To- the conspiracy Of fraud between the prisoner and
tho-e svindlinz foreign scckhoders The young
seller urged upon the jury the paramount duty of pro-
t.rtng the immunity the extent IL the law
the repetition IN this state IL such Infamous rsnsscton
Henry W. Archer for the defence. pleaded the unfcr
tunAts mismans2cment 81 the Hsvre do Grace Bank
the ~ the present unfortunate position Of the pr
and that II no, necessarily criminal prac-
tcss that the bank exploded Rad specuatons may b.
the this may have been the dupe hers.
~ attempted to be- made the scspegcst Of the real de-
tnr uaui e argued that the confidence Of the prison
- h. innocence from his readiness 20 submits any
Indictment tt the state could frame against him ana
NJ stASe n tn trial when he virtually acquitted
upon ~ original Indictment entitled
ut Nr Archer urg,d upon the jury that the cashier
Ia -rsuenAry authority ~ director and ~ the
tell mt - the other directOr from their leaving
~ q nag rni " the hank in his hands that h. had
ihus dscreionagy power Ia dispose q IT. moneys for
So pNfpos = the bank and that the frequent rpnit.
this charley wood down 20 the last day of the
tatk ~rrr proofs that his transactions IN go,i
ah Thee transactions q Collicrs with wood h. BE-.
fsvtd.Bo believed a. W. established Wy the books-~rre
hsa d trsnsactions they expected the bank 70 ~ on
mmingy, bot they resulted unfortunately, and the
bend tailed The prisoner believe Il frre aud that
your verdict ought 70 sb-ove him al s moral guilt
IN matter
Mr. Constable for the accused did not propose 70 say
much, Tor there but little In the 70 take hold
srd the jury Perhaps, knew much about u he did
inIscf lie should. however. undertake to Illustrate
T.. Law applied TO thi. indictment IL contanded
rg,ut without authority, embezzlemeut BIT
,oler DID account for IT, the books account fOr it,
soy dollar q IL, and contend that II wa
Lft appropriated without authority Nor d. care
low any tharies WOODS there were, the putting ~
money IN the hands Of agent for the bank is
ttg2 ment III II how would the law apply a. Ap-
IlsEste entrusted With the whole funds q tha bank
a. with note 81 s2Doos suffered t. lie over three
after maturity when this Appreciate died insolvpnt
AIpi,gAtt then longer liable for the note Why
da 49, the the bank collect, attempt to col
q III money before the tine of limitation expired
~ ct h- note ~ $1,000 half the capital stock o. the
tL itfslf before any attempt made b. col
ID ca the tth hoyvu,l@r1s46 W. hnd by the books,
Aa ApilegAr pays In JOhvo tn. capital stock 81 the
std the very next thing they do. they give cas-
F HIUIate. - $1,000. ~ h. used IN New York
3tD to ~ uftd In Philadelphia ftr the bank Then
ttht. cot eix thousapd, and another sum ~ three
sLd and come time after three other notes amount
$500, 20 that on the 25th day Of December,
On va Chris,nas job) $40 90 Of the capal stock
40 month before, paid out again 20 Vim
H gate. ~ the agent a the bank in New fofk And
thi ~ md u done By authority ~ the dirt tors.
cGty of the first f2s 900, ard no security TO- the
. #ru - 90 except the guaranty 81 Wm Applegate,
Ntt ttty fcf the New ork stockhotders. which
Nc Tho hrtt red cent lie could not b. held liable
.rt NaD t0 cent q It,
~ scott. on pee he vas a stookholder.
t@otns ~ 18th sides proceed 70 examine the bCol.
tNrf Vh.rhJ
Mt constable resumed-As expected, gentlemen o.
jury hIpl,gste wAs not s,ockholier and not liable
ypdtr - guaranty for the rst cert (Read memo
sndum r,n The books allowing t5Oo each 70 lrs Yse
ara hIpseste OF notes of the bank for circulation,
without pcrons liability first obsrge not correct-
III re 4 nothing In IL. note Of $4,000 there we're
hrse notes covering the S20vOons q ten and two OF