New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-05

The Albany Ereaing Journal, alludog to a arti-
Gle in " TAompsoa's Bank Note Reporter" opposing
the resppontmeLt Of the present Bank Supesintend-
ent, says:
when, for instance. Mr.. J. Thompson desired
TO take a large State Loan by financial dodge, the
Bank Superintendent failed to entertain tbs PROPOSE
ton. Again, when Mr.. J. Thompson urged the So
pernt ndent to increase the circulation OF the Fern
'ers B1k Of Onondsga, after the soundness OF that
Inst ution became more than doabtfa the Superia-
ttDdent declined
Neither of the acts above alluded to, which Tie
Journal, by implication, commends, is, WHOM the
facts are known all dscredtable Mr.. Thompson,
nor establishes any remarkable ssgacty in the Bank
Superintendent. Indeed, in the first instsacs, the
SpperinendeLt's obstinacy and pique against Mr..
Thompson cost tho State twenty thousand dollars.
The facts, as we understand them, these;
State Loan for the use Of the snals to be sward-
ed on the 22d June last and the certificates To
be issued on the let July Some State Banks having
Governmen Mt Skies deposited in the Bank Depart
ment, which were then being redeemed by the Score.
tary of the Treasury, at 81 cent premium, en-
ployed Mr.. Thompson to bid for the State Loan, in
tending to exchange it for their Government Stock,
and send the latter to Washington for redemption.
Mr.. Thompson was prepared TO bid 10 y cent pro-
MUM for the whole Loan But as the certificates
were not to be issued until LIST July and the 5ecrc-
tary s bid expired on the same day, some financial
dodge was necessary. Mr.. Thompson, therefore,
proposed to the Bank Superintendent, that IL he
should obi ain the award Of the Loan the ED june
the money should be at once deposited to tho credit
of the Canal Board and their certificates should be
received in exchange for the Government Stocks in
the Bank Department The Canal Board was favor
able to this arrangement, and we bseve the Bank
Superintendent had, upon other occasions, all ,wed
such lodges to be made but In this $50 he re-
fused. Mr.. Thompson, as the arrangement could
not be made to obtain the Government Stocks in time.
changed bis bid to a lower figure, and the State Loan
was awarded at average vi about II v cent. pre-
MUM, making loss to the State Of aboat twenty
thousand dollars.
In the case of the Farmers Bank Of Onondags"
the erintende had received mortgages the
tent Of fifty thousand dollars for that Bank, which
then employed Mr. Thompson to purchase and do
posite fifty thousand dollars Of Stocks necessary under
the law to form the securities Of the snk. This wss
done, bat after the Superintendent had issued q
large smount Of circulating notes to the Bank he dis
covered that the mortgages he had himself t.ken
were not good security, and he con,ed issuing notes,
leaving Mr.. Thompson, who was 10 receive the notes
in payment of his stock purchases deficient somofour
thousand dollars of the amount needed for his rsin-
bursement thus throwing the loss upon Mr.. Thomp-
soD which resulted from his want Of care In TAX
ing buyers mortgages. M. Thompson very natural
ly urged the Superintendent to issue the remaining
four thousand dollars, which he declined, whether
rghtfuy or not we viii not undertake to decide but
certainly, 10 censure attach to Mr.. Thompson
for his action in the matter.