New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-13
Netu1lork Dalp Grihm,s
CANADA.
A CANADA BANKER IN TROUBLE

orf-sp1rdeass . fhs N. Z. Irsans-
ToRoNro, Aug. i0-Morotns.
Aycunz maa usred Cumming emsrstsd ssou
Glasgow some years since--peor, very poor. bar
ouirsgeCusy !oysl. lie joined grand msitssf
corp, Of Kingston, bought rspier at auction. wa
promoted to cierAsnip in The Bank Of tppsr
Canada, srd eventually became Cashier or mansge,
of very usee.s branch in his city. where slso u
located The prirciraI ofce. gsmbed heavily. dro,,
beautiful span Of horses, Was a,rested few dsys
,ince for robbery and embezzlipg $50 900 Of tds
Bank funds, and is now under examination.
rirs. he told the Receiver Generals deputy thu.
ou.hody had come in tbe night, cut aPsae oil
elsss in bic Office wnh d!smord, opened the Wa
dow spd the safe, aud stole the Banks money; bat
aLoudon detective who is oyer here looking aztec
an Euglish railway clerk whose accounts wcc,
rather in confused state when he eft for Toronto
showed that the slas, had been cut from the INSIDE
Cummings next bust into tears told hi. Trends tbs,
he bad been led astIay by two scoandrels, one OF
ttem AN told an NJ. F., t. whom he had secretiy
given 81 eco Of the Banks cash and that he had
slso handed over to one Kerby, an attorney here
ard to ore Alfred McGahey. railway contractor
from the States, other $4,000. How much hs
has sduaniered and wasted | cannot learn; had
there been spy real check upon his proceedings by
the Bank which has twenty or thirty more agencies
ard branches scattered al. over Canada. defslcs
ton BY pennies youth, OF 81 ,00c, couldn't hsvs
happened.
The Bank u Upper Canada is the pet political
bank of the Government. and the real treasury VI
the colony All revenue il paid into its offices, asd
Government officials, conren,rr' members Of tn,
Legislature and other favorites Of State, borrow
heavily from its vaults. When speculatinS up0l
railwsy securities, Messrs. Rnlout and Proudfoot.
its chief Cashier aud President, accommodated Mr.
Hincks (then Lord Eigns manager, and the Mayor
of this city. with heavy sums. While write, thia
Bark has lethsps milens Of the public revenue un-
Der its control while its notes received and paid
out by every public accountant in Canads. Its in
duence on elections ard legislation is very great
suppose you never heard before Of branch
Bank IN the same town with the principal office
unless. perhaps, it were in London This Toronto
branch seems t. have been erected solely to give
Cumming a salary, for his dute, consisted in hav-
ing money to pay officers salaries and transact
Government business. which could have been fas
better dore al the principal office Of the Bank itse
lie had 10 power to lend or borrow. 10 take de-
posts or discount bills e. T.. Anderson, our Dep
uty Treasurer. got him the place.
Chief Cashier Ridout, who has acquired great
wealth during thirty-six years of Office in the Baak.
swcre on the 9Th inst that the Bank money lad been
feOniOusy carried off, that he suspected that Moses
| X. Cumming, Jos. T. KeIby and A. A. McGsheJ
| had the cash concealed In their Offices dwellings;
| that Cumming had stated that McGaifey advised
him 10 steal the Bank funds advised him 10 taksh
| large sum--"t0 mske lure honl"- and Lei BIS
securities suffer the loss On this affidavit, the
three persons named were arrested; and an effort
was made by Mr. Gamble. Bank Solicitor 10 hass
| their examinations ard all the evidence prir0tt
but this the magistrates very properly refused
Cumming said be had been induced to lend No
Galley the money by seeing Receiver General Nor.
~ q W m nd nd
notes for his (McGaftey's) use, leaving the sams
thus Endorsed to be filed in by hm and that be
(Cummiug) had trusted McGafey Bank money to
speculate with for their common benz 6t. 1t wsaJ
appear that The story of the robbery OF the safe Il.
admitted to have been falsehoOd invented to cen.
ceal the manager delinquency.
Cumming counsel wished to stop matters here
and give bail for his appearance at the Asszes bus
~ the questions Of embeZzlsment and robbery bad
been rsised the Police Justice decided to 70 o.
Mr. Goldsmith chief Clerk Of the Bank, showed
that Canning bad received deposits Of which h.
had made entries; that be had kept his books
Improperly; THAT the daily balance accoust had
" not IN TWO years been Inspected by ta8 Bank
"ohcers" Had they done their duty, Cumming
4 Co. couldn't have gambled as they did. fear
the general accounts Of Bank aud Government her,
are Just ss loosely looked after.
It's the same in every department. There's M
rral check. A Finance Committee If the Legsla
tive Asst mhy was appointed by the Gorcrnment has.
session t. audit the accounts of seven millions o.
receipts ard about as much Of payments; but tho
Assembly il mere machine in the hands OF tss
Colonial authorities. and never once in the whole
{, ar months did ia Finance Committee meet. Not
Que public account was audited not ono voucher
examined. From l-i- 70 1855, or thereabouts
there never was even a trial balance taken Of the
Provincial Treasures accounts. Nexamined now.
/ have no doubt bet they would be found n ssj
state. But TIE governor, ffcIn Europe probably
desire to keep oil secret.
doubt whether Cumming las given any .ecur
tes, and think il very wrong to ailo~ stranger
such & position. Not naf TIE st0ry vii ever reach
the public ear and "a 10 trial and punishment ae,.
trey are iuprobab!.es
A fellow Of tie name Of Thomas Baines, an agent
for selling Pubic lands. has bern returning false aud
fraudulent accounts for years HIS clefa- one
Shorts. az Alderman here, hs. made good thing
cut Of il. Bs,ts and Short. are also partners in
trade. have euLezzled sd are ~ default, Il AZ.
about $40. 900. aad being ot 'he loya" party.
are merely .eau red 20 gse come small part o. their
means in security not even paying the interest A
criminal orr secnon ;s ;o2.y ont If the question
Last session the Assembly addressed the Governor
asking tina. the Directors Of the Woodstock Raj
way. set Of plunderiug knaves. who had sqtlaa-
de,ed Sl500 900 nearly IL shameful bribery aud pro
hgscy, might be c,imihaily prosecuted All was
busatd up. The ReceyerI ;enersl fNorrson) bel
been their Preside II. also the rotor 0na Hincks who
ia row Governor Of Barbados.
In three ttwashps 10 Huron, Cf 10000 acres
hat the lands have been granted TO uea-residea.s
in ne very teeth a Guc law, which requires five
years cOntilued residence ard Improvement We
base no power e. elcree the Jaw here and feas You
slt1ost &c badly % r Nea York TIE uon- resdeus
sei. at s. SC scye to rea. settlers TIE liberty
e settle, soyeDantng that said settlers shall cGlt
ya.e The eI snd psy Cove nmaut pric.. fvr TIE laid