New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-08-31

v.
xa1I and ar unsd lie authority Of cashier consider
ing that ny duty 10 he s'ochhoders reaaired saca
sciion on my part. Ihis was sa usurPanoni l was
swse of IL but bsfved that the fscts sustained snd
justified me- and that the Board must also DO 90.
ON Wecnesdsy, lstb, sitter transecting The usual
business the Poard Of Directors sent TO me tor The
charges had made out sgsinss AR. Ed1ends, which
sent them, with bref note q, sr follow T' ,s,
70 ~ nlrc' If ~ ho'asa'e' sa"1 q ''' e"' SsS-
G,srIrn.xln Consequence Of invssas 4;ions male BY
ne vheh eommeOeed about the sta Q,
June -s-I charge Francis W. Ednaenas Cashier Of ''a
int: wh using large of interest from the hr';
Teller this Bank and Of exchange from The Seeood
Teller Of years. and sfProPatins portion Of said
70 bis private ice. ,,.- ,,.s
e. the brett OF TN. nuton tsi been done 70 Nay,
IS5 the sssre. received the Utea and Schenectady
nd "ih ..isIy received frcr the EdstworiA cOmp,ny.
Tss TehsIs. him with giving =, various H1s' e tae
uiEAed bIs for ike amount sad s-uns tnes oa
!l' sor b I,ss @ 'he u
FonrfA charge him with the funds OF ths eaat
without security and without interest ,otrc pr-prr
"Bsirs fully sstisf.d gentlemen, Ia 'abstsniiAe
ne IS. duties Of the tSshsT aad hvs not per
ntted him have .eee. 10 the vault Of ne b.Hk nor % ~.
private property which be has therein Ny reasons tor as
sssuu ption Of power will be Obyious
sesy rssrs, the necessity OF making such disclosures.
rrte rer,emen ser your uorDa, commenced
.ra male he h-Iss Rses more D sS.
OF uns these charges ard hsve therefore kePt copy OF
this communication Tbs desire ,noa e BANDED am %
circulation account hosogshy my nSero o.
cs,iisr be. made our old emission Of bills something
which ought to be made BY this fnstitstion p,ovv
'i2i Noos July Is, le5S
found l morning debit against old emissien OF eis,
and on rerrns 70 The vouchers they not where they
ought be- am 'PpF'Asnv' Aey ssss Sfsp
Shortly after the charges were taken In, the Board
sent TO Know If had anything further 70 communl-
cate, when wrote the IN, m. above, date l2i noon:
desire, however, here to state, that upon apphca
ton to the Bank Department at Albany iouhi 'na'
our circulation account was at that time correct.
Tie Board az Elm cent 10 me, requesting me to make
the charges more definite which declined 20 do, con-
sidering them already sufficiently speehc They tnen
requested the data upon which l Dared the enarses,
which doclI &c to give unlcee could personally be
allowed to explain them The Board then adjourned 10
meet again at clock. After the adjournment had
a crsaon with prominent director, from whom
received the impression that my assumption OF the
authority of the Cashier was not approved 'nen
addressed 10 the Board the following letter.
MECHANICS BANE NEw.YOKK, July IS, lss-SP. NJ
To ne Directors Of he Mehenie' baak Ae York noe "a sea
"CrsTirsrx: AZ your session this morning in the banking
house grave charges against W. tdmonds Csshie5
It % b.nd,d on sent 10 the accused When he shall have
them and pleaded not guilty WI enaraNor 70 suo'sh
tate these charges, at such dine and Place you may &c
ternne. III. ,h..
hard for some tour past the exercise OF tn prudent
which The exgney OF the seemed require and
with view self dizement a. YOU shs az no TO
mote period be convinced assumed powers which In great
On the oacer ps1t in GRADE II does appear that am
e;yeIy ysp Il .ny confederation have explained the cir
to some OF the Board claim tnat IA a. H.ve
ing eye single the Of the stooknodsrs Of thu. IN
,tunob If am no. sustained By ss Board you ~u please
consider my resignation a. hereby rendered p,-urr
Very respectfully, . yOdN p,hnI
Ahout o'clock the President asked me for the data
of nv charges to be laid before the Board. again
declined to give them but handed him the above let.
ter after reading il to him. He advised me not 10 sead
the letter, but said to him, " Mr.. Knapp, have
acted throughout Ibis matter on my own res ponsbd.
"ity. | have sought advice from no one, inside aud
'outsde the Bank, and with the highest respect Tor
"you. | must decline to be guided by you, but must
"pursue my own course, as have hitherto done.
,The next morning the following resolution was
bonded ne:
R,,oIr,d mi. Board sdouin to Friday a. ?. III,
Mr. Kpspp. house and that the Assistant Cashier hr
srp.p,on and present proofs on subject Of charges
made in his eomnuniestion % this morning ar, p,I.
During II day the following reply OF BIT. Eunlons
TO the charges Was handed to me;
b,s.ay,.ss y. ws T,sa KY s ls isa
"GENTLEMEy: / have this evening received copy OF
eha ses made as.nst me in letter signed Jchn Burke A
art cssher ana lose not moments time " replying 10 him
in the fol o~.l nArner;
stated 10 ny pirate use.
- Answer 20 cha &c second;
said ehHs Without the knowledge and sanction Of the Board Of
Directors
deny epry this charge wherein 1t relates to issuing
these tiis for by private purposes
10 reply 70 this Charge admit that few in
the hurry bunes have given the hr't teller my
dum chtel 10 hold for until could turn around and
arrange for the money from Tome other source but my
memory hini instance. Of this KIND nave oen
hi
90 serious catalogue Of charges
Answer TO charge about old eireustion Al,
dsry that have used The old or new circulating bulls
Of the b.Li for nay private purposes
Answer 70 final charge asaon pdf hare soaefed
rcsohai 70 ~ ana aide he truth
This ohsrsr or usinus, contemplate that my t.d
Board merely 10 ssy II IL untrue Ia ever.
VERY re.p'y your OBJ servant, "F. w. EDhONDS"
On the next day the GOTH appeared before the
Board expecting 10 meet Mr.. Edmonds, but much 70
my surprise ne did not appear. On that day and the
3d. laid before the Board such evidence as coasld
cred conclusive in substanating the charges On the
gath Mr. Ednonds appeared before the Board, IN my
"abseree," on bis defense. and cent to the Board
the following letter, supporting the thrd and fourth
charges: -. al, - ,o,s
" t. "a. p,esisesi and DJseo,s Of ne Msclanic.' Bank
"GsTLfnsx AT your yesterday offered but little
orsI evidence Of the charges n.de By me on
The s,h inst against W Edmonds Cashier Of this Baak be
svir b. fully sub.tsnatsd the several charges made
,,s or M wb,eh wu n substance, q. folio ~:
December 49, ss2-To day John A't,ae Ps1d lo.s o.
sI25e-s2C00 vhieh peid IN 81 ~ bills fifst
lie Ter says be has not paid such bills in great while
81 ind gentismen tha' this Slz 40 credited On car BOOKS
18th December 1882 but but tHtUs1 credited thereon
called this morning Mr. A for the check which paid his loan
sud he had eHsan win US on that date he rs,
uenbsred however that W. Edonds, time Ia 1857
proposed be bad Of funds 70 Transfer THIS
~ from The hank himself and looking further into
M books ind the conversation Of Asyne AID I'd
opd nus taken Place October h 1882 for in the mar
Gin Of mes eheokbOok Of that date the following entry
Paid !. ". Eemonas Eatsres on soteO.....''tzt u
Dc. 90. % s7fco.....'.. ~ 10
&l04 so
No interest credited books Of that date and ye!
these bB receivable belonged They were dated 9,
fllOws though entered books until Oeober, 1872
Ia et e.eIs dIAw he latel4edate llne