The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-08-20

The reader can now compare these amounts
and dates with the amounts and dates oil the
bonds given above, and see for himself how
recklesSly the law has been set at defiance. -
All this Auditor Wright was made aware of,
and Gov. Chase knew, if not at the date of the
deposits, at least when the examination required
by law Of the Treasury by the Auditor was
made, and when the finance committee made
its report And yet it was passed over in 81
lcnce, and hidden from the puhlc-gazo as soon
as possible. The attention of the people was
called away from the public robber and the cor
morant throng around him, who were daily
plunderng the Treasury, and attening off the
peoples substance, nddirected to the ills, fan
cied and real Of bleeding Kansas. Verify, new
er was political stratagem or cunning ruso more
successful!
But we have yet to investigate the character
Of the repositories selected by the fusion ofi-
cias for the safe keeping Of the peoplo's money.
We begin with the Seneca TO- Bank, and in.
cidcntally, Tomb nuss & Co. In the fall Of
1854, the condition Of this institution was ex-
amined by Charles Reemelin, a Commissioner
appointed to examine the condition of the indie
pendent banks Of Ohio. Treasurer Gibson at
that time, was the President Of this bank, and
owned large proportion Of its stock at least
nominally, and doubtless made itconvenient to
be absent when the Comm'r made his exarnina-
ton His absence prevented Alr. Roemelin
from getting any but.the most meagre intorna-
ton. Its capital stock then was $4,000 held
by:
Lewis Bartzell S6s0QO A
Jacob Hotter --
Hugh Welsh,
T. Umstead
II. M. Gibson,
w H. GIBsoN,
G.. r. Hnss, 1900
G. u Johnson, {Cash'r) 5000
4 Gibson took tile Stock Register with him,
and all that the Cashier kncwabontth the holders
| Of the stock was as above. Tho Bank was for
merly owned by Tomb, IEuss Il Cd. and Arnold
I & llliss, and others who sold its f1G3lo}sise
| (Quere: Was this legal)to the above stock
holders. The Cashiersays this sale was arran-
lged between w. H. Gibson and Tomb, IIuss
! & Go. The Gashicrsays, thar the old Bank did
no business after April lst, 1855, but Mr.. Rec
men says: .9Fomb& u Arnold did, for it, and
rather think there was but little difference in
fact Theonly real difference was that as a
bank but SIX per centinerest could be charged
Ewhile as brokers' Office they could charge
more. / found the business of Arnold " Tomb
and Of Tomb Huss y Go. mixed UP with the
bank business inthe same books.''
etPhc capital OF Tomb, Huss & Co., is 12,Q0O,
their deposits SI5S,0 theirdscounts$ 4 40,
900; land both their books and the books d
the bank show that they constantly used from
$2000Ot to S25, 900 Of the banks funds without
4 interest. That Arnold II Tomb also used The
circulation have no doubt and the same iS
most likely true Of Tomb, 1lu3s u Go. The
entire circulation Of all other banks Ia the Stats
I Is redeemed atlcast twicein each year and very
often five times, and cannot be made to beliey,
that Of the circulation Of the Seneca Co. Bank
4 but thirty three per cent has been pTesentct
for redemption IS nonthsp
! So said N1f. Reemelin in 1854 Again b,
says;
You will sea that Tomb, lIugs \ Co. on al
actual capital OF their own Of S 900, maintair
adiscount list Of $l4f, 900, having deposits Il
the amount Of $l5S,000. Taefr oflce9 is tie o5c
| ef Tie Seyseca l0, l}aak think they have
been and are using that banlS,s Office TO som,
purpose"
This Is what Mr. Remelin reported concern
! inc this bank. Thes Cashier, III hs sworn re-
port, says that the amount Of the Banks circu
| lation then was $6Ss0l600.
70 redeem this, they had onhand,
Gold, silver and change, s $3.50.
Paper money, (ncludins lndi-
ana wild cat,) 1870
$4,000.
4 And at the same time owed depositois $26, ,564
Arnold and Tomb had 81 their funds. W thou
interest, $25,598 50
Think Of this plain, honest men Of Ohio
who still cling TO your old predictions for lla
A per money bank withan outstanding circull
ltion of G8,O9Os with bilt $3.50 Of 9oI5 salQs
Iajaa Change altfVRk whuiewith toredccin il, anS
as Mi Rccmelin says So part Of tho specie VIZ
lIbought with the Scneca Co. Bank notes. NJ