New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-08-31
THE MECHANICS BANK DIFFICULTY.
REPLY OF JOHN BURKE, ESQ, TO THE La LET
TER OF =. W. EDMONDs.

REPLY OF JOHN BURKE, ESQ, TO THE La LET
TER OF =. W. EDM0NDs.
To fAk StocsAoldsrs Of ne hoaAasicf Bank;
Ihsd hoped to be spared the necessity OF appearing
before the public in connection with the recent Diff
entities at the Mechanics Bank but the eItraor-
dip.ry pamphlet recently Issued by +. W. Edm onds,
ESD late Cashier Of that Institution leaves me no al
tentative but 10 give history of my action respect
inc the matters therein discussed, which shall en-
deayor 10 do as accurately and briefly e possible.
About the lsih OF June last some circumstances, not
necessary TO detail led me 10 infer that M Edmonds
lad and was using the funds of the Bank for pur
noses not sanctioned by the Board OF Directors, and in
endeavorng TO ascertain how this could be doce ns
covered that considerable sums OF money received oy
the Flint and Second Telers for interest on cal loans
and exchange on out of town checks, &C., were by
item periodically transferred 10 the Cashier aud the
eptri. see BY him the books Of the Bank TO the
crtdt of interest account, appeared 20 me enteiy IN
adequate to accout for these sums. Upon making hs
discovery wrote TO the Cashier on jane y or - let
ter en- extract from which Is as follows
"wlne conn uniestns FRANKLY With yoo, M" well
thar have for ath thought that the items
s 80 ernpis. :. thew have . to say The least, very
objection .he mode Of eoneue ING th msaen VI az
dee Prevail ard have therefore directed the correct eose TO
be adopted. ray wen that there IS mystery sooot
.aortsd IL things d. they have oro motive
N poDeerng his natter may draw wroas inieenoes
en- trcruschDg your preFossive in EHEnt thai 10"
you.
We sTe beth ofieer Of this Bsnk spPointnenis en-
one source a conscientious ds aArge Of M d.
''' Ia ''1 70 s1PAD- SioHN BURKE.
did not then deliver this letter 10 Mr. Ehnonds,
becsrse, on pursuing my investigations, wssgrsiu.
ally ied 10 the conviction that Mr.. Edmonds had not
only misappropriaed the funds Of the Bank, bat had
actually CONVERTED them to his use, aud here.
upon determined TO bring the matter before the board
Of Directors. But shortly sfiek making the charges
against Mr.. E6monCs / delivered the letter 10 hiin
through Mr.. Tweedy ia order tha; be nigh; under
star the motives which had led me ,o this invesga-
ton. Immediately upon the discovery oil tse den-
cheney alluded 10, reported the tact 10 Shepherd
Kpapp Eco, The Prtsiieni Of the Bank, aud 20 Mr..
John Billiard, one OF the Directors aud eon7susd my
investigations.
About July ] was prepared 70 lay me result Of
,hsse invest; aiions bei0re the Bosrd Of Directors but
cid o, DO 90 in consequence o. the absence OF seV,
eral OF the Board J. howevsr OIL that day reqaes'ed
the President 10 inform Mr.. Richard lrvo, one OF the
Directors Of the result &; which bad arrived which
be cid On Tiicsy, Jaly -, called upon Mr.. Robert
Kelly, Director OF the Bank, a, Rhinebeek, aud e1,
plairec 20 him full, the ds,s upon which founded
he cbsnes against the Csshir. On Saturday, Ism.
received from Mr.. Nee utcheon, the sPece clerk OF
the Bank msmoranca made by him &; various ilmes
5rrfg The yes,s 1853 and less which. On examining
ls, peht together with Other evidence sa1shed rne
ttst ne C,sbxT Tad .sut<rec with The SrculsJon Of