New-York daily tribune., 1858-12-24
FROM PHIL ADELPHIA.

HuH Our Own CoIresponcen:
PmLADELPHi, Dec. 81, 1875.
TIE trial Of Alhbone and Newnall for conspiracy
H. seifoud the Bank of Pennsylssns terminated
On SATURDAY as Unexpectedly as it hsd oegao' oy :
verdict Of acquitta, the Jury so rendering without
ks,ipc the box. 1t va. 20. the verdict that vas
sDe, Pected, but the sudden termination oi the
ease. The pubic bad very ,ooo discovered, from
the evidence adduced thst Thomas A. Nc@h,ll
vss no, a party to any other conspiracy toau one
In ave the sinking institution. The case hes 10 =
snt,beu. ADio0ne was III resliy the bank He
lad control of cash. clerks and directors of every
tkns inside ard outside of the bark He de-
e~ved. blinded, or dcnlIneered over all OF th-m
HsvhaD "A director and mau Of astonishing bus-
ne,- capacity, pattern Of method and system in
the keeping Of his accounts, dong vast business
sud wealthy man, f,l into the trap Ia common
with all the rest. Relying on the assurances OF
hllhope. he believed the institution to be sound
snc threw into the effort 10 sustain 1t the whole
force of BIS energetic character and his ample
means Of cash aud credit. These efforts involved
larpe moneyed operations with AllibOne and the
bank and the evidence even OF the prosecution
showed most clearly that the whole character of
these transaction had been entirely misunderstood
BY the community. Not a single fact was proved
in any way connecting him with AlibOnes mscOn-
duet or in the least degree resembuga conspiracy.
So far as regarded Newhall, the prosecution broke
down completely But when the witnesses for the
defense came to be heard. the correctness of his
accounts vas clearly established, the uprlGhtncss
Of his conduct made manifest hs efforts Z" sustain
the bank were shown To be almost incredible, hui
his losses by this disinterested service 10 be enOr-
NOUS. On the very day the bank suspended. Mr..
~, tkaf l.A hal. ..t fn
credit, 70 strong ms confidence in Allibope.
In converting this balance into money he suffered
b heavy loss and at the present moment tho BtIk
still owes him 81, 90. Yet every loan he ever OBJ
tanned from it has been paid, and of his trans
actions remain unexplained. When this testimony
came out, the Distrct-Att0ney frankly said that
it was 80 entirely different from what he had been
led 10 believe was the fact, that he could no longer
ask for a conviction and thus abandoned ihe prose-
cuton Newhall being hus shown and admitted
To be wholly innocent, was acquitted on the instant,
ard AbOne necessarily also, as. being indicted Tor
conspiracy, they must stand or fall together. The
two were most improperly connected by the prose-
cution ir, III the beginning.
Newhall being extensively known to business
Hen in New York, ii may be asked by them, as it
h now asked here, why he consented so taInely
10 rest under the cloud of OblOquy which has hung
over him for year past, when it was so readily
within his power 80 set himself right before the
community. But, during all this time he chose Ia
maintain profound silence, unwlsely preterrlng
the tardy exposition OF a jury 10 direct and CIR
cumstantal narrative, 10 whose correctness 1t now
publicly appears our best men could have IN
hestalngly testified. On this point he evidently
committed grave mistake. II is not too
late Tor him, even now, to draw up and publish
such narrative But the verdict which acguits
ham, il no acquittal of Alllbone. AS regards the
latter, the great question still remains unanswered
what has become of the 81, 600, 600 entrusted tn
his keeping Our laws are now found to be lnlaer-
ably deficient in their aptitude for justice in Il
case like this. If the stealing of so much money
was at one time public wonder, il is quite pos
sible greater is 10 come, by seeing that the
thieves, whoever they may be-, are to go unwhipt
Of the law.
Many wears ago, when the ice trade betweenths
country aud England. was just beginning cargo
from the Schuykill River was taken 70 London.
Some of it Was shown to Sydney Smith, who was
large holder OF Pennsylvania bonds, then for The
first time having their interest unpaid. The En-
cljsh considered the State broke, and said all man
ner of ill-naturcd things against Us. The Rev.
sydney was PARTICULAR, bitter Taking a lump of
The Schuylkll ice in bis hand he observed that the
sight did him good-he was glad to see that Penn
sylvania could produce something that was sotrcat.
Ii il well that the reverend Joker Is dead other
WISE having survived the temporary inability OF
the State 70 pay her interest, he might have been
caught with some of our County bonds. In such
All emergency, his wrath would have been ungoyern-
able and Justly 50; for il cannot be denied that re-
md.ation, shameless and base, is now being system
atically practised by some counties IN this State.
They not only me- gect 10 pay their interest but dis
honestly refuse To make single effort TO do so.
Take the County Of Washington as an illustration,
and contrast il with the City OF Philadelphia.
That County subscribed $4,000 TO the stock
of the Hemp6ed Railroad Co., which road Is now
COMPLETED from the Borough of Washington to
Wheeling, and the people are Tedplng all the bene-
fits incident to the improvement. Ihc Stock was
paid for by an issue of bonds, but the Railroad Co
being dishonesty managed, the road was never
finished its whole length, and the County was left
10 pay the interest. The coupons due III May
1857. still remain unpaid: the County Commission
ers refused TO levy such Il tsX-rate for that year As
would pay for them, though especially empowered
to do so: the County Court refused 10 d!rccf the
Commissioners 10 levy such tax, and now, only by
couIulsion of the Supreme Court, the wealthy ana
hourishing County OF Washington shows symptoms
OF being disposed to be honest. 1he injustice
of this delay is aggravated by the fact that this very
$500 900 has all been expended in building the road
through the County and that the latter owes scarcely
any other debt and is fully able to pay Now,
The CITY of Philadelphia subscribed $500 900 to tins
same nempfcld Railroad Company, and issued her
bands therefor Yet she pays the interest on them
a. the day, though not II dollar OF the money has
ks.n .p.bt within her borders. and though the trat-
Gc over the road, instead OF tending this way, all
goes to the Baltimore aud Ohio Railroad. Most un-
Fortunately il seems that the law authorising these
county subscriptions made the bonds legal invest
mcnt for executors, trustees and guardians. There
are numerous instances where such parties have pur-
chased them "a investments, ard have been COM
PEELED "a 90 two years without receiving any return,
with fair prospect OF having TO welt seven years
longer Take the conduct of these repudnting
counties and examine 1t as you may, 1t viii Dc
found the black dishonesty of plckpocket--a
hissing and shame 10 the communities who arc
guilty Of it, County bonds must be looked at only
l. h., peaule