Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1859-09-13
The Weston Bank.

uohcTioT III TcSaTu lo tuc lotts VI thc bahn
of Weston, we would ask in vlndication OF
the citizens of said town, and especially
those connected with said Bank, the publ
cation of the following statement OF facts:
The stockholders of the said bank met IN
the town of Weston on the 10Th day of Feb
ruary, 1859, and elected Board Of Directors,
A. X Cory, of Illinois, being then the
owner of the whole 100000 of stock
subscribed; and on the same day the Board
of Directors met and organized by electing
Charles III. Fuller, President, and George \.
jackson, Cashier; the said Fuller having
announced his intention of becoming cltl-
zen of said town of Weston; and the Board
at the same time passed an order authorizing
Chas. II. Fuller and A. X. Cory, or either of
them, to obtain from the Treasurer OF the
State the circulation notes Of the said bank
to be brought to the bank, in the town OF
Weston.
After which time the Board had no further
meeting until the 18TH of June, 1859, there
being no apparent necessity for any action
on their part, neither specie nor tho notes OF
said bank having been brought to the bank
ing house, and the Directory having. in the
meantime, received frequent assurances from
Fuller and Cory that the necessary pre-
parations were being made 10 get the bank
legally in operation. But on the 18th OF
June, 1852 some Of the Directory learned TO
their astonishment that some of the notes OF
said bank were in circulation in the City of
Baltimore, without the President. {. II. Full
Ter ever having qualified as director, with
out any of the books of said bank having been
H., IN lao
ing in the possession of said bank, and, final.
~, without the knowledge and consent Of the
Directors.
The Board, Immediately upon receiving
said information, held a meeting and passed
resolution declaring tler intention, unless
the law was complied with in all respects at
once, that they would notify the Governor
of the ilegality of the proceedings of said
bank, and proceed ut once to wind the same
up; and on the 10Th of June, two days after,
the statement Of all the facts was submitted
to the Governor and upon said statement
Commissioner was appointed by him to ex-
anime into and report the condition OF Said
bank. All these statements are part OF the
record OF said bank, as is also the report ofthc
Commissioner. from which we make the fol-
lowing extracts:
Il submit the following as the result Of
my investigation, and if | were to say that
there is not now, and never has been any
Bank of Weston at all, and that the notes
purporting to be notes of the Bank of Wes-
ton are Il fraud perpetrated by one Charles
II. Fuller, do not know that | should use
too violent language; Tor it would appear,
and the Cashier tcstities to the fact. that
the notes were not returned tn the bank rs
required by the charter. no entry appear
ing in its books that would 90 to prove that
Il single note was ever issued by the bank,
and that he has reason to believe that Mr..
Charles ii. Fuller took possession OF the
notes for the purpose of getting them into
circulation Of his own accord: and without
the concurrence or even knowledge of n
large majority of the Board; indeed, with
out the knowledge Of any one of them, ex-
cept Mr.. A. X. Cory and Chas. III. Fuller
himself"
Il do not think that the Cashier has been
priyy to these transactions, or is culpablc.
But it seems he has been made the instru-
ment Of designing men"
"'rhe Board have done everything in
their power to correct the evil as you will
see by their action, but Mr.. Fuller had an
advantage which they could not take from
him."
Cyril Fuller and James NJ. Cory, the
near relatives of the said Charles IL. Fuller,
and A. X. Cory, appear by the two certifi-
Gates in the hands of the Cashier to be the
only stockholders. Yet it appears that the
whole issues of the bank were placed in the
hands of Charles H. Fuller and \. X. Cory,
and without the knowledge or consent of the
said bank, by them placed in circulation,
and the proceeds of such circulation appro-
priated TO their own use; or to say the least,
not returned to the bank where it properly
belonged"
Our object, Mr.. Editor, in giving this
statement, is to apprise the community Of
the manner in which the notes oc the Bank
of Weston got into circulation, and to ex-
culpatc both the citizens of the town, and
the resident officers of said bank, from all
knowledge or participation in the fraud
practiccd.
1t will be seen that no citizen of this
State was 4 stockholder--tha the President
elected had not qualified Mr.. G. ii. Full
Ter received the notes of tho bank from the
Treasurer and placed them in circulation,
li'l hltiloul tiit blIcC-
tory, but contrary to law and the written d.
rections of the Board, and that so soon as
these facts became known, the board prompt
" communicated the same TO tho Executive
and took the necessary steps to expose the
fraud.
The notes of the said bank are secured
by State stocks deposited with the Treasu-
rer, and the Directory will continue their
efforts to correct the evil perpetrated upon
the community, by providing for the speedy
sale of said stock and the redemption of the
notes.
By order Of the Board Of Directors
GEO. A. JACKSON, Cash.
As the impression has got abroad that the
notes Of the Bank of Weston must have pass
ed through my hands by being placed in cir
culation, deem it proper to make the follow
ing simple statement OF facts;
On or about the 18th Of May, 1850,
signed the notes intended for the circulation
Of the Bank Of Weston, ut the City Of Rich
mond. They were then in the possession of
the Treasurer of the State and remained
there until the 9th day Of May, 1859, when
they were delivered to Chas. Ii. Fuller, who
has never up IT, the present time delivered at
the Office Of the Bank, or to rue, at any other
place, one single dollar of said circulating
notes GEORGE A. Jackson
August -, 1850.
FEES IL NEW loRK.-The New York Jour