Holmes County Republican. [volume] (Millersburg, Holmes County, Ohio) 1856-1865, 1857-07-02

thy were to be called capital stock; but
if the Directors presumed to say that the
Memphis notes were not coin, then they
were to be Especial Deposit ~.
The whole matter being satisfactorily
arranged, and Mr.. Smith having faithfully
fulfilled the important mission entrusted to
him by the state Treasurer of Ohio, he left
on the following morning very early, and
so did fifteen thousand notes of the Green's
borough Bank. Mr.. Smith, received back
just as much money rs he had sent out, fif-
teen thousand dollars of which was the
identical coin, had organized bank, and
paid up its coin to the amount of forty thou
sand dollars, had ten thousand dollars of
her notes for circulation, and would have
sIxTY-FIvE THOUSAND more as soon as the
machine could possibly grind them out.
Mr.. Smith claimed that the bank was
Breslin's from the beginning; that he
(Breslin) furnished the funds, and that
Waggoner was 10 have pay for his trouble,
and that he (Smith) acted as Breslin's
agent under his instructions. Breslin was,
therefore, principal in the whole transaction
The organization of the Bank was very
fair index to its future greatness.
In May following, it was thought adsisa-
BILE to pay up the balance-s60, ,OOO-of
the capital stock. 1t was thought by SO
doing, the credit of the Bank migh ght be i'm
proved Accordingly, another draft was
made on the State Treasurer of Ohio
Another note for the same amount ($75,-
OOO) and for the same time Tone year) was
made by Mr.. .Breslin, and Mr.. Waggoner's
Endorsement of the back FIFTEEN THOU
SAND dollars. Breslin received the seven
ty-iYe thousanddollars of the Banks cir
culation as before making in all, one hun
dred and fifty thousand dollart. Very much
the same evolutions were performed in con-
Quoting this payment, ,as were at the starting
of the Bank. Fifteen thousand dollars re-
manned, and the balance was taken away
by Mr.. Smith, together with seventy-fye
thousand dollars of the Banks circulation.
Finally it was concluded to transfer the
whole stock to Bartlett & Smith" By
SO doing, the Banks credit would be placed
beyond doubt. When the transfer was
made, Waggoner's note was in Bank for
FORTY THOUSAND dollars to cover the two
Endorsements on Breslin's notes. The note
represented Capital Stock" and Breslin
agreed 10 pay it. To do which, Bartlett u
Smith gave two drafts on John Tompson,
# New York, for twenty thousand dollars
each, one for thirty and one for sixty days,
and on both were written acceptance
waived" "1ef- E-S q<T .af vf-.
During the trouble in the Legislature
last winter when the Charter of the Bank
was assailed, Thompson's acknowledge
ment of the payment of both drafts, was
received, and exhibited with great effect;
and it was sacredly affirmed that thefunds to |
the full amount were really, and bonafdely
in Thompson's hands. A few days after,
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. ; - ss--aa
His reply was that she could not draw
without giving him (Thompson) ten days
notice." Evidently ten days would be suf-
'icient time to telegraph to Columbus, and
have the funds forwarded in time to meet
the draft. as 9c E.v stgas.7 Re el,fg
The most sacred promises were made, |
both by Mr.. Smith and Mr. Breslin, that |
the Bank should be placed upon a sound
basis; that its capital stock should be re-
turned to the Bank, that it should be made
substantial and sound; that fair, honest
and legitimate banking business should be |
done, and, in word, everything should be |
conducted in manner to give it credit and
stability. ~ 5.s- tasli is-&l y1z-l s.
On the contrary, as soon as the Legisla-
ture adjourned, all these promises were for
cotton. Mr.. Smith remarked. have got
them now where we don't care. We can
elect own officers" Not one dollar of the
capital has been returned to the Bank.
According to the Cashiers statement, a
few weeks since, to the Directors, all the
available funds of the Bank were about |
fifteen hundred dollars coin in Bank, and !
$3.50 in Baltimore, and some discounted |
paper. Mr.. Breslin within few weeks |
past, has taken West a large amount of
greensborough notes, on his INDIVIDUAL,
note, without security ofany kind. Whe-
ther he uses them to pay 3capital stock"
of some other one Of the "Wild Cat Banks,
or places them on de post, or designs the
for disbursement in the school fund, is left
for the people of Ohio to judge. ssz.,ssa
. The Charter requires that give Direc-
Tors shall be residents of the county,
Lately there has been an importation of
two able bodied men from the Buck
eye State, but whether they are to act
in the capacity of resident Directors, 70 full
ell the requirement of the Charter, or to
serve as body-guard to the Cashier, is not
clearly ascertained. -....
A few days since the Sheriff of this coun-
y put IN attachment upon the stock Of
he Bank, as belonging to Bartlett d Smith.
Fortunately for the public, but unfor-
.unate for the owner, Mr.. Breslin, the Bank
las always been ofsuch an extremely .Wild
Cat" character, and the fraud has been 30 {
,pen and palpably gross, there is very little ,
of their ever getting a great ,
.mount of its currency in circulation in ,
his community. CAROLINE.
GREAT MOVEMENT OF EMIaRANrs.-The ,