The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1857-07-02

sand dollars Of the Banks circulation as BEFORE
making in all, one hundred and fifty thousand
dollars. Very much the same evolutions were
performed in conducting this payment, as were
at the starting of the Bank. Fifteen thousand
dollars remained and the balance was taken
away by Mr.; Smith, together with $4,000 Of
the Banks circulation.
Finally it was concluded to transfer the
whole stock to Bartlett & Smith By so do
ing, the Banks credit would be placed beyond a
doubt.
When the transfer was made, Waggoners
note was in Bank for forty thousand dollars to
cover the two Endorsements on Breslins notes.
This note represented Capital Stock and Bres-
lin agreed to pay it. To do which, Bartlett &
Smith gave two drafts on John Thompson, of N.
Y, for twenty thousand dollars each, one for
thirty and one for sixty days, and on both were
written acceptance waived
Dnring the trouble in the Legislature last
winter when the Charter of the Bank was as
sailed, Thompsons acknowledgment of the pay
ment of both drafts, was received, and exhibit.
ell with grcat effect; and it was sacredly affirm.
ed that tn funds 10 the full amount were really,
aud bonaflely in Thompson's hands A few
days alter, when the Cashiers draft for three
hundred dollars was protested for the want OF
funds in Baltimore, he was asked why he did not
draw on Thompson.
His reply was that he could not draw with
out giving him (rhompson) ten days notice.
Evidently ten days would be sufficient time to
Telegraph to Columbus aud have the funds for
warded in time to met the draft.
The most rhdpromisAs were made both by
Mr.. Smith AMI Mr.. Bresin, that the Bank should
be placed upon sound basis that its capi al
stock should be returned to the Bank, that it
should be made ub,tantial and sound that q
fair, honest and legitimate banking business
IN in frl IA
should be conducted IN manner to give it credit
and stability.
On the contrary, as soon as the Legislature
adjourned, all these promises were forgotten.-
Mr.. Smith remarked, we have go. them now
where we don't care. We can elect our own
officers Not one dollar of the capital has b .en
returned to the Bank. Ac 'ordiug TO tn. Cash
ler's statement, a few weeks since, to the Direc
tors, all the available funds of the Bank, werr
about fifteen hundred dollars coin in Bank. and
SloO in BtItimor', and some discounted paper
Mr. Brtsln, within few weeks past, has tax n
West largl amounts Of Greens borough notes, on
his indiOiduat note, without security of any
kind. Whether h usrs them to pay capital
stock, OF -ome other one of the Wild Cat
Banks, or places them on specie deposit, ol
designs them for disbursement in the schoo
fund, is left for the people of Ohio to judge.
The Charter requires that five directo shall
be residents Of the County Lately there has
been all importation Of two able bodied men
from the Buckeye STATE, but whether they are
to act in the capacity of resident Directors, tc
fulfill the requirements of the charter or tc
serve as body-suard to the Cashier is not clearl,
ascertained.
lew days since the Sheriff of this county
put an attachm mt upon the stock of the Bank
as belonging to Bartlett & Smith.
Fortunately for the public, but unfortunate
for tbs owner, Mr.. Breslin, the Bank has al
ways ben OF such an extremely wild Cat
character, and the fraud has been SO open an,
palpably gross, th"re is very little probability
of their ever getting great amount Of its cur
rency in circulation in this community.
S'ot, l3, 1886. CAROLINE