Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1854-11-02

IA very large amount. which were circulated West
and SOUTH and that the prentended bank had no
existence but upon the face of the paper they
had issued. The matter Was Immediately placed
in the hands Of Mr. Mcclellan, (cerk to the Chief
of Police) who was ~ successful about year
ago IN breaking up the operations known "a the
Farmers and Merchants Bank Of Georgetown
and the Merchants Bank. Anacosta. Mr. Nc
kear associated with him officer Mcpherson,
one Of the Chiefs aids.
The bills are headed Merchants Exchange
Bank, Anacostia District of Columbia. aud
signed by +. f.. Curtis cashier aud II. Dewey
as president and printed endorsement was
across the front Of the bills, Redeemed nj the
Bank Agency, 90 William ST."
From AN affidavit made by Fred. /. Curtis, of
No. l05 Third avenue, IL appeared that between
the Il and the 10th of July, l15i,n person nam
I'D Jones came To him aud said that there was
new bank about 10 start, and that they desired
To have him as cashier. An inquiry was nude ns
10 the salary the persons were willing TO pay, AID
n request nude for day or two for consldcra-
ton. Mr. Curtis, after consulting his then en-
ployer, agreed To take the situation, and went To
No. to William ST, where he was introduced I"
lioldenge Dewey, l.. " esthrook, Alfred liyde'
aud another person whuse name he did not rccol-
the bank. lie stated his business, accepted tho
situation. and was immediately set 10 work to
sign the bills as cashier, which he did 10 the "A
mount of 1000. Also, that all the bills were
made aud signed in the oity OF \. York, and that
there Is such bunk in the District OF Column
bin. The bills were also signed by Dewey as
president, and circulated most extensively IN tho
West.
Mr. Geo g. Jones, of Cincinnati agent for tho
d it,la Rafk mud STATE amuunN de-
posed that lac made IA contract with Mr.. Dewey,
ahs agreed To- purchase S-6,UD worth of stock
of that company at par, with the understanding
that The payment was to be- made i'll the notes OF
the Bank $500 paid. and Mr. Jones
sIgree 4 Ia circulate them IN Arkansas upon the
understanding that when presented they were I"
DE redeemed. and TINT the bills should he quoted
IN Thonrpson's Bank Detector on the same foot
ing as othor country banks. This nitcr-
wards varied 1t stated that he did not
k1ssw whether he could get it inserted there, but
would try, but that an arrangement equally eft
fec tive would be made.
William \. FincHuld, - Wall street, treus u
rer of the Ilnyerstraw Iron and Mining Compa-
NY, dcposed that on the 9Th of September. lsJ4,
be madea contract with Mcssrs. Dewey, West
br ook and Hide, for Sl0,o0o Of the bills $1,000
of the bills were given aud two checks, one for
) j0O aud the other for ~l.5OO. The first check
was presented and pud, the other WIS dated
some days ahead but WIS subsequently, cX-
changed for other bills
Nm. VI. Arnold, of - Wall street cnrrobora-
lad the statement of Mr.. Fncauld,nnd suited that
contract was entered into hv MIR. Fincaad and
pers III who stated lac WIS the counsel of the
lIank and he bills given consisted OF one, two,
and three dollar bills. aud that he paid the bills
IL the workmen employed by the llnyerstruw
Iron Mining Company aud ncrUss the bills were
printed "Rrdecmnble at the Bank agency, 90
Nlllism street" but on prescntmcnt Of the bills
at that address they were not redeemed ,nnd that
ho Ind -gU of the bills which he presented To Mr..
Dewey Tor redemption, but who snid he could
not redeem them then, but would on the follow.
ing .lav, which wa, not done, and thai ho went
several tunes and finally h" got 81 worth redeem
ed That on the molning of the 10Th OF October
he went to tho office of the Chief of Police, Che
having the previous dny been there and madc II
staioment,) when he was met there uni called
aside by Leonard Westbrook who said he would
go with hm to he corner Of Leonard street and
Broadwa he would give him the money due him
on the bills. He went with him, and wien there
he was paid lay Westbrook IN money aud stock
Ia the ,uut of his claim, and that, at IA prior
time, Ia co II, crsntion, Dewey had told Inn that
he had been to Anaco-ta and stuck up sign.
Nm. Knight OF Haverstrnw, dcpos.d thnt
about the psf of Sept amher, lS.pi, lie received
SlOO al the bills IRON the liaNcrstraw Iron Mi
ming Company, for a debt due T." him from them,
aud that he presented the bills at No. 80 William
street when payment was refused, nnd that he
has never been able 10 get the bills redeemed
Information also given that large guam
titv of the bills were about being sent West.
Officer Mcpherson wa dispatched Ia the cs-
tab shmcnt INV illiam II reet to arrest the parties
aud bring 10 the Office oi the chlct "t police all
the parapharnnla OF the Business. On he arrlv-
alof the lie srfhcre he found no one, but brought
on the IRON safe of the bank, which is said
to contain all the issues of the bank i'll their hands
\ warrant was then issued for the arrest of the
parties, and yesterday Leonard Westbrook was
arrested. On heing searched, ga in 81, s2.and
81 bills of the issue OF the bank were found; six
dollars in good money and sundry papers were
also found, and letters which Identity him with
the concern, and $500 check given by Mr. Fin
cauld on the llaverstraw Iron Mining Company.
The possession of the check Is Nplained by the
refusal of the company, on the discovery of the
fraud, to honor the checks. The arrest was for
the Issue of false tokens. Leonard Nestbrook
was then locked up for examination.
NORTH CARoIINA STATE u 1Br AND RAILROAD
SYSTEM, debt of the Sta te of North Caro-
lima amounts to SS,g}O, 900. The revenue from
all sources is estimate at S2tUOo0. As this
sum is not sufficient TO defrav the State expen-
and discharge the annual interest, II scheme
will be proposed to the next Legislature To in
crease the taxes. The late loan OF $500, 900 was
taken Raleigh at 1904 The State is pursuing
its sysem of internal improvements and several
of the railroads in which it is int, rested have
commenced paying dividends The Wilmington
Raleigh railroad, after sixteen years struggle
has been able TO declare a semi-aununI dividend
of per cent. The Raleigh and Castor railroad
has Just declared dividend of 8 per cent for
/