New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-09-04
otocs, "Isea IN Die minutes o. tAc Board, dassd


books :" nod in TIE minutes Of The Board dated
May al, is:3, tho fpno .icg;
Hs~,d rhss ths ssnh sss~vs Il sxsse, sAs csyd
, % S.s - s..a g h.ss re s:s'.. ssps s:'t
aer n e,,si ssser,s agIiar. ?. .saaal' -,
T,.yL gs 10 this time he Canton Company hsd paid
hs bsnl Eve hundi 81 dosn ger snaum, but the bank
bsd bA formally ssumed any Liability 10 the .ftcr.
Afp bAs resoluop was psssed, i~o hundred do'lsrs,
bot tvo. thirds, a. Mr.. Edmonds says of the salary
vss paid 10 The clerk who attended 10 he bussness;
ord Nr. Edmond. appropriated the balsnoe-siI huo-
bred dollar. How far this resolution ius.fed, or the
Board contemplated Ills result, you can Judge a. well
all
NJ. Edrnonds ssssils The President for accepting
various bUstcosbips, ard can. it "engsging 10 the
"ssue busDcss.' But there ID a radi ,al difference.
Sir. Knspp's Iusiessbps involved 10 n~ponsibuity
on the part 81 the Bark, and no labor OF it, CLERKS be
yopo what results from tie accounts " o'hes deposit
orr. In Mr. Edmondss case the Cank has she reepon-
sibilfy s ctrbs do the work and he takes the pay
without warrant or sanction from anybody.
cbrrge him, thirdly, with giving AT various times,
70 The frt teller Lev Issues Of this Bank taking from
the teller Old and mutulaed bi Is foe like amount and
tsuirs those old bills for hi, private purposes, thus
incr.s spg the circulation Of the bank beyond what
the ledg or called for. ...
The ordinary method in bonks OF Issuing new circu-
laiop IT, when the bill. are handed 70 The teller, TO
or, dit The circulation account on the leiger With the
amount ard when the old wo,n-out bIlsge withdrawn
the CT culaion account is debted with that amount
the ledger thus always showing the amount OF the
bills in circulation. Mr.. Einohds sJoptei different
method; when he gave the teller new bills he took
from him old bills Of the same amount, and made no
entries till il suited him TO DC so-somemes NOT tn
more ,hsn year afer the nes bills were Issued i
charge him with surpttousy reissulng Hose Odd with
drawn bills for bis own purposes. To this charge ne
makes no defense in his pamphlet ex ep the denial con
tanned in his letter Of July s and as he subsequently
admitted IL b lore the Board, las WAS informed oy
Mr. Kelly il ,.ssnce of Messrs. Hall, Buliad, Irwin
ana Cheru avoype) il Ia ubnecs ssary for me 10 say
more here than ,ba. the charge Was fully proved
before the Board by the ties imony OF ssr. Cooke,
the first teller and McCu,cheon, tho specie clork.
cbsree him, fou,tbly, With using thefInis OF thu
sBmk without security and without ie,ercn'
To his Mr. Edmonas replies: L deal, Vi myself
"as dio TO other; made TO myself sud .maiiioan
of distar intervals bit Eerer Nithoh tsA anu att
"opafe stcurt'y against loss by you, aud If in anyo
iIese loans was cmi ted 10 charge me VITA the In
ieres them, the fault could easily have been cor
"rcted by charging tony account. whose ousi
refs was 10 % make the loans for the Bank and charge
the INTEREST," The Cashiers. Then, why, ne loaned
Himself money did lie not charge hnself interest
If lie did bot, who could know OF no ono. Tho
hooks show hat be borrowed ~, 800 on November 20
1889, on bic memo, andum check, I'LL January ID,
1853 on which he paid no interest, and gave no secu-
rity whsever. On July 10, | found his cheek tor
IL 500 in the teler's orawer and no security anu Mr.
Nc Cucbeons memoranda show that these memDran-
dun checks were no uncommon occurrences. Now
hear Mr.. Cooke, the lint telst:
" Johs Bvke, Esq ,..,..
sR; Ia to your inquiry @ MI ESmonass p,asnes
in essn n,eIe., on Ssnr bad y n.s %. sss G
loan. held my drawer, Nor d be eyer Psy 'S1
IL my drawer sod coon,-d IanaUy rns Jane
the Day immediately preceding Oor semi snnu,
Moo. ys fo1 Aa.. 81, 1855 s''sH''' L. u ''I'
This dirpoees of the charges made against Mr.. Ed
'mords and bis defense. IL is for you to judge be
tween Or but feel free to say TO you what said to
the Board Of Directors in my letter Of July "a" lie
"is not innocent, gentlemen, but gntty OF eah and
every charge msde by me ON the 18th inst. Since
preferred these charges have discovered other ev
dences of Mr. Edmonds dishonesty, one Of which Is
contained in the transaction with John Alstyne, re-
lated in my former letter. and another IL to be found
in Mr. Nelson RObiDsOn's books which say that no
paid Mr.. Edmopds November 20, 1882, for % days
interest $780, at per cent 1913, no record oil
which ia TO be found on the books of the Bank
To cover bis own disgrace Mr.. Edmouds assails the
President and myself with tissue OF mlsrepresen.a.
tiois in reply TO which have very little 10 say But
assure YOU that have never been more insane Than
am now and believe have not heretofore been con-
sidsrd quarr lone. was boOkkeeper for the house
OF Gideon Lee Co four years, and at the dissolution
of hat frm formed partnership whh CHARLES NJ.
LuIp, E.q, o member Of that hrm, with Mr. Lee
and Mr. Knapp rs special partners. In " the swamp"
was not thought either crazy or qusre'soms ana
Iib.e learned morality which seems not TO SAT- inc
atmosphere of Walsf. for there used - think that
infracons Of the eli bth commandment were not to
be measured by TIE sum total Of dollars, aud that
grea, offenders differed from small only In degree not
in kind.
Pardon these personal references. Throughout these
trar sactons the course Of action have pursued has
been forced upon me, and i am now compelled 10
speah my own praise. But what shall we say TO tho
air of ured innocence assumed by this detected and
admitted pecuistori What TO his lscbrymose wall
ipos o, or his outraged reputation What W the sub
lime assurance With which be ssnounces his intention
TO remain in the Board Of Directors, 10 watch over
your terest and protect your affairs from " ths
IaDds now outstetcl ed to seize them 2 Ali GUS
: eustodict ,psos eustodesf" Who shall guard such
guardians Trusting that may never again be COM
PEELED appear before the public dagreeablea
duty, take my leave Of you. joins BURKE.