The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-05-24
Local Matters.


On the 10th instant we alluded TO the issue of one
and two dollar bills by the "Farmers' and Mer-
chants Bank, Warrington, d. Co. and the provi
sion made for their redemption at the Potomac
Savings Bank" in this city. Since that time
have received two letters from Lynchburg, Vir-
GINA, signed by Charles W. Statham and Will
liam r. Smithson-the gentlemen whose names ap-
peared on the face of the notes, one as the prcsi
dent, the other the cashier of the new concern
or, in the words of the advertisement, ga regular
individual banking" house These names they say
arc not Fictitious" but "living and response
ble' oncs; and respectfully referred TO sew
eral gentlemen in proof the fact asserted So far,
then, we have elected the information from Lynch
burg, Virginia, which we failed to obtain in this
city, where the bank was located, or purported to
be established. We have also been supplied by
these gentlemen with newspaper notices and refer
ences, that we 'may see that nothing connected
with the bank has been hid in a corner" and that
they care not the men to deceive the public"
They have, one of the letters informs US, "placed
in the hands of the President of the Potomac Saw
ings Bank money enough to redeem all of the notes
issued by US that will likely reach your city for
some time TO come. It is our intention to keep de-
posted in his hands dollar for dollar for every
note to be put in circulation, at least such
as we have to believe will Immediately find
their way to Washington, whether for redemption
or not"
These gentlemen "feel that we have inflicted an
injury" upon them, and exprcss the hope that we
will do them ''the justice to remove it," With
reference to ths, il may be sufficient to remark,
that the notes, well tho bankers, were sfran-
gers in this city, where the institution was said to
be located and it's oficef0A did not reside in our
midst; nor could we, after making diligent search,
discover whether or not such gentlemen as &C. w.
Statham'' and "Wm r. Smithson' were in exist
ence It was not therefore TO be expected that the
community should readily receive the notes, with
out being assured that they were issued by rcspon
sibc individuals. We, however, disclaim any in
tenton of "nflicting an injury" on these gentle
men, and willingly give them the benefit Of their
explanation.
One of the editorial notices with which we have
been furnished (from the "Huginian'') gives us
the reason why the bank was located in Washing
ton, viz: "Virginia legislation excludes the small
notes" of the banks of that State, 'only to admit
those of foreign ones" As ''astute fnanciers,"
Stathnm h Co. "wcre not, therefore, slow to take
advantage of the opening which the Slate offers
them, we'll knowing that their notes will become
readily current throughout tho chief towns and
cities of the Commonwealth" So it appears that
sumed for business purposes, more particularly in
Virginia
WAsHIsoroN NAVY YARD.-The last Congress,
on the day before its close, appropriated about five
hundred and sixty thousand dollars for specified
objects at the several navy yards OF this sum one
hundred thousand dollars are to be expended for
improvements at the navy yard in this city, These
include mill and machinery, completing the
soppcr rolling establishment, ordnance building.
railway in ship house T, raising the brass foundry
and tank shop one story, &c Some Of the work
has already been commenced, and, a conse-
quence, there is much activity among the mechan-
les in that section.
JUVENILE DEPRAvIry.-Four boys, of ages
rying between ten and twelve years, have been
noticed of late pilfering. On Thursday they stole
vegetables in the Centre Market. and afterwards
one of them detected in the act of carrying off
box of cigars. Another entered a cellar and stole
leaden stop-cock, which he sold. book, valued
at s as, was found the person of the smallest
child; it was picked up at bookstore on Pennsyl-
vania avenue; and yesterday morning they
tured to help themselves to straw hats, which
displayed before merchants door. One of them,
who appeared to be more guilty than tho others,
and who had been released on former occasion,
court.
REAL Estate "A lot of ground on NJ street
north, between Sixth and Seventh streets west 81
feet front and over 100 feet deep, sold by Dyer
and Mcguire, on Thursday evening, for eight and
half cents per foot, to DR.. May.
The FALcoS Boar CLuB have commenced their
pleasure excursions for the season. Furnished
with n handsome boat--the red, white, and blue,
flying at the prov, and the stars and stripes at the
stern, the rowers dressed uniformly, and keeping
time with their oars-they sometimes go down the
Potomac az far as Alexandria, and occasionally
peep in at Georgetown. Yesterday afternoon,
frcighted with ladiea, they skinned the river,
The ORPHAN AsyLuMs.-The Carncross Fami-
ly have presented to the two Orphan Asyums of
this city the proceeds Of their concert, on Wednes
day evening, ut Odd Fellows Hall. The sum which
each has received 10 nineteen dollars and twenty
five conts