The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-10-29
The Recent Financial Operation.
TO TIE EDITOR OF THE MRALn.

Seeing my name In yesterday mornings issue of your
paper Of the parties taken in and done for by
the Merchants Exchange Bank Anacosta d. c.. from
whichf frcid hanks to the Hon. Mayor Of New York
and the vigsnt police expect to be proeced wish to
make full statement of the facts as far as concerns me
or the corporate body which represent came from
Cincinnati to New York, about month since as agent
with full power to act for the Cincinnati and Little Rock
Slate Company, which Is corporate body with nine d.
rcctors, mostly residents Of Cincinnati and composed of
gentlemen of the first respectaby there. Their object
in sending NC to New York to negotiate the sale of
the balance Of the company's stock, amounting to
ss o00 for cash. 10 continue the business Of workn
th,ir slate quarry m Arkansas.
On my arrival slvertized in the HERALD, stating my
wants. and tfs same day applied to by R. spraguc;
119 Nassau street. attorney and broker who introduced
10 the parties who he said could furnish the money
wanted, and whom he said all right. intro.
ducsd to H. Devsy Esq a. tho president and proprietor
Of the Merchants Exchange Bank, Anacosta, d. c. who
proposed to buy stock at par, and pay in bills Of
the said bank He gave satisfactory reference to
the principa. reference From hir received assurance
that MIR. Dewey truthful and honest man. and that
he always relied upon his word. Being thus satisfied
that Mr. Deweys statements csuld be Implicitly relied
upon, Io2ened negotiations with him, and sold him by
contract the stock os the company to the above amcus
he agreeing to reesm all the money of the said bank
paid for circulation in Arkansas He stated that the
bank ss located At Anacosta c. and that IL would be
bought at the bnsk agency 90 William street. at one per
cent discount Thinking best TO secure our company
in aay event required good security for The re-
denpton OF ae moneys received by company in pay
mont Of stock This WAS finally agreed upon and a
mortgage given upon real estate which was considered
ample security for company. The business was
being closed upon this basis about $50 900 OF the
money delivered for eircuatos in Arkansa and dcpos
ted in the safe OF the bank agency which with its
contents in the hands Of the mayor.
ful investigation viii soon show whether they have
acted in good faith and legally II 10 harm
TO them or any one. II swindle has been intended
have good reason n tie Of company to tender
our thanks to his honor the mayor and osc Of the
lice who have acted IN the matter for their timely inter
ference. have too much faith and confidence in Mr.
Dewey aud bis reference TO believe that any fraud
intended. II they have not proceeded legally in the
premises, with them must rest the responsibility Of the
result.
In tile deposition Of Mr.. Curtis, cashier, a Mr.
Jones Is mentioned engaging him as cashier. AL.
though belonging to the numerous family OF that name,
wish 10 state that do not know him, and that le Is
not the one who subscrbes this article. Respectfully
yours, GEO. @. JONES
Agent for the Cincinnati and Little Rock State Co.
p. S.Since writing the above have Mr. Dewey,
and by mutual consent have cancelled the contract with
said bank until investigation shall prove IL free from al
fraud and its issues worthy Of public confidence which
he assures and viii be done Yours respectfully
G.G. y,