Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1857-01-29


venting the arrival and departure Of
Railroad trains. The snow at Washing.
ton fell to the depth of Is inches TO two
feet on level. tsfe7 nsi-i'h @"s.
Gramercy and Shawnee Banks.
We published an account last week OF
the failure of these Banks. Here is
some further intelligence in regard 10 the
matter; CDR v s,,eaz seo.ssa
The. assignees of the Shawnee Bank
are Joseph Pool and r. S. Feeder. of At
tlca. The deposi!ors Of that Bank. are
considerably excited about the losses they
are likely to sustain. The depositors in
the Gramercy Bank have Threatened dep
relations on the. building. The Lafsy-
cite Journal. in noticing the matter.
says: There are various reports as to the
amount of deposits at the Gramercy
Bank. They range from FIVE to thirty
thousand dollars. They are generally in
small amounts. and affect parties who
are least able to bear item, In some in.
stances. however, the amount reaches ms
high as thousand dollars, which sum
Mr.. Dell, Of the Union Hotel. we ore
sorry to hear, loses. Some excitement,
exists among the sufferers. and a demon
sualion upon the building was apprehen-
ded yesterday. We trust any intention
of this sort will be immeiiateiy aban.
doned. II could not possibly result in
any good. The .assiguses are reliable
men. and they will undoubtedly make
the assets yield the highest amount pos
sible. They will publish a statement Of
the condition Of the concern as soon as
possible. ns al 54.fET H
The same paper states that some S25. :
600 or $50, 600 of the bonds lifted from
the Auditors Office would be saved. as
they had not been lorna III y transferred al
at the East II the bonds are recovered.
thes will be applied, Of course, in the re-
demption of the notes of the defuucs
Banks. This, with the auditor and his
securities. will NIKE the outstanding cir.
culation Of .iIe Banks com para lively ssfs.
Is we said on Saturday, we would adyi
no one to sacrifice the notes Of the Shaw
nee or Gramercy. They will, eventual
\ ly, we think. be redeemed. .~si tes.
The Journal gives the following ver-
sion of the Wall street stock joobing OPP.
Grafton of the owners OF the 6ramercr.
Had it worked. the scheme would have
been considered sharp transaction. and
its managers shrewd fnanciers. But
the
Best laid schemes O mice and men,
safe Gang aft sgley, ~fpain
] Aud bring US naugEt-but grief and
For promised joy.'' ssslaa !,
The Auditor was overreached by Mr.
WheeIock, and WheeIock's cunning anc
shrewdness failed him in making good
the transaction which he had undertaken
to manage. The journals statement i,
substantially what we have published
before. but as il gives the details of tn,
TRANSACTIONS we copy IL: IA
A short time since the proprietors O
the Gramercy Bank. (Messrs. Nexson an,
wheeIock) IN order to- meet engs ge mem,
consequent upon the purchase Of larg'
amount of stock in the Bedford Brancl
OF the new State Bank. applied TO tn
I Auditor for the use of their bonds for
few days. Offering as security bond 70
their full value. signed by several respon
sible men OF this city. for their safe an,
prompt return. The Auditor, with
; derellclion Of duty which cannot be to-
severely reprehended, consented-aecep
led The proffered security. and gave u
the bonds. These bonds (Which amour
ted to s6S. 000) were taken 10 Louisvil,
: and used as .colIaterals for considerab!
loan,s which was taken to Bedford and de
posted cs "a part, Of the capital stock Q
the new Branch Bank there, required b
law to be paid'in by the 2lst Of Decem
Der ult. As soon as the Bank commence
I business, Mr.. Nexson. the President (sls
President of the Gramercy. and the man
Il sger Of this little bit OF fnancieriEg
u sent quantity of its notes to Loui,
= Vile TO redeem the bonds. in order /.
q restore themsto the Auditor. as agree
y upon. But the holders declined tskin
/, the paper of this new Bank, and refuse
! TO give the bonds up. This circums,onc
with other causes, brought about the or
: sis in the condition OF the Gramercl
y under which It snccumbed. -Indiaaapoi
|. Journal, 8 -. ....s..