The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-12-21
PRICE TWO CENTS
THE ALLIBONE AND NEWHALL TRIAL.

| After the defence had closed its testimony on Sa
turday, Mr.. Loughead said that on the part of Mr..
\. he had conclusvely explained his connection
with the affairs of the Bank, and the lively interest
he took in sustaining it when it about to fail,
that under this state of affairs cannot press upon
this jury for his conviction. He said it was duty
he owed to the Commonwealth, as well as to Mr..
Newhall, that when the innocence of defendant
had been as clearly established it has been in
this instance that he should ask at the hands OF the
Court and jury their acquittal. That the dcquttal
of Mr.. Newhall would, of course, involve the ac-
quittal of Mr. Allibone. He regretted very much
that there no law in this Commonwealth
by which n case of this kind could be reached, eX-
cept through trial for conspiracy As the case
stood now with its development by the evidence,
he would ask the jury to render verdict OF not
guilty.
Mr. Thayer replied in behalf of his client, and
when he had concluded, Mr.. Wharton made a few
remarks in reference to Mr.. AllibOnc.
Judge Thompson in passing upon the case, said it
was much to be regretted that there was no law
except the common law by which cases of this sort
could be reached; that in England there were
statutes in existence WHICH reached such cases. and
by which any individual could be tried and
punished for offences of this class
He agreed with the District Attorney in instruct
ing the jury to render verdict of not guilty. He
thought the evidence demanded such course, and
that instead of Mr. Newhall endeavoring to ruin the
Bank, he was continually striving to sustain it,
That he used the most lively interest to keep it up
when it was about to sink. The Court then in
llle jury 10 return Nef0lct OF not guilty.
which was accordingly done.
This ended the case, and the friends of the de-
PENDANTS came forward and congratulated them upon
their acquittal.
So overwhelming was the evidence in favor of
Mr.. Newhall that it almost instantly turned the
tide of public opinion, which had been strongly
setting against him. An acquittal was so palpable,
that when his part of the defence was concluded,
the proceedings in the case suspended, and the
jury asked to render verdict. This summary con-
cluslOa placed Mr.. Allibone in position which he
severely felt, as it cut him off from that clear and
full explanation of his part of the which he
felt he could have made.
When the case was concluded there seemed to be
general relief and the spectators who heard the
concluding evidence seemed satisfied with the re-
Galt
The Pennsylvania Enquirer says:
Whatever may be thought of the management of
the "Bank of Pennsylvania" and we have not a
word of apology to offer on that pont-it is but
justice to remark, now that the trial is over that
no charge of fraud was brought against either Of
the defendants and that allegations preferred,
could not be sustained. On the contrary, it was
shown that Mr.. Newhall was a creditor instead of
being debtor to the Bank, and that all his efforts
were directed towards the relief Of the institution
With regard to Mr. Allibone, the fact that he him
self held no less than seventeen hundred shares of
the stock, would seem to be conclusive of the iden-
tty of his interests with those of the Bank and its
downfall therefore, was his pecuniary ruin.