The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-10-20
Nv YORK HERALD THURSDAY OCTOBER 90 l859-TRPLE

Years. Yours WILCOX
The handwriting Of this letter apparently the same as
these In the body OF all the others.
Tic occasion u the letter Of Oct 80, my alarm at
The prospect OF visit from the Bank Commissioners Mr.
Leland told me that he could borrow certificate from
swan; he did borrow IL and seat il up
q Is that genuine certicatef
A. am not aware that called II bogus. Tho facts are
never deposited with Swan Co any SIS OOO although
the purport OF that paper that had In June had
difficulty with Leland in consequence of matters connected
WIN The bank think II WAS in May 1857, TINT they
sent up paper demanding money. thought that coming
it rather strong. wrote them letter. That letter
created difficulty, and to settle the difficulty Warren LIE.
land came TO Hartford to They got money from
the bank in u thousand ways. For instance: Leland
would send up check for aooo having days torun
called time check, like checks placed In other banks
when the check becomes due for collection they
take up and have had the OF the $4,000 for
days. Or, when the time came to take 1t up he would
send up for money to take up, sending another its
place. note of some That was one of tho sources
Of the difficulty wrote TO him about it, he up
Hartford to see me. They did not want get any
difficulty. told him he making q scapegoat for
their SINS told them that they take that trouble
my hands, Twas In trouble standing between the public and
the bank, Whatever fault was found was not with Leland
and Co., but with Samuel $. Jones, If there was
bad paper IN the bank or one issue Of bills or the bank
had assets that were not good was responsible for IT,
There was then plan devised By s. and W. Leland The
conversation at Hartford, Colchester and New York,
and letters written from Now York TO Colchester
There plan invented to got out OF the dtacay.
That plan would probably have gone into operation except
for the panic Of 57 which stopped all operations That
w
be of their furnishing II was arranged in the month of
August that they should furnish q cashier and
! was to get him elected they were TO fur
furnish president and was TO get him elected could.
They were to send up here to reside and act as
president OF the bank because he must be resident Of
this State. Thea all Of the paper that had tempered
WITH or which Simeon Leland and Co. had tempered WITH
any paper that fictitious and worthless, genuine
papers TO which our names were attached was to be
taken and put out of the way and new paper substituted
in It's stead; that was to be done by the
rived and the new cashier, all the old circulation
to be taken up and replaced by new circulation; all
bills that had my name or the name of Buell., were to be
taken up and other bills put in their place; the Cashier
and President then TO sign large quantity OF bills
struck from the plate then in possession and of these
bills the western section Of the United States was to
receive large quantity hey would be bogus for they
would not be entered the books not know that
thore any amount agreed upon was TO be as large
as circumstances would permit.
O. What would become of the Cashier and President OF
the Colchester Bank2 A. The Cashier would abscond and
leave the country they had their cashier selected and the
amount agreed upon that they were to pay him; do not
funds of the bank to s. Leland Co., and they to
put off the money it would be worked OFF in different
places at the time; had close times hard times
panic times and the bank not able to stgger under
the load already had, and the result 1t went into
the hands Of the receivers, Messrs Starkwcather and
others this plan preached TO in August the
of the Cashier and President was not disclosed to me
Mr. Waite proposed to ask the witness this question::
Q. In what manner the issues Of the bank made
there any record of the issues kept; was any officer
Of the bank cognzant, except yourself; were they cu
and arranged for circulation by YOURSELF Mr. Leland
or both and did the Leands take these bills issued Ii
blank and take them away to f up and circulated
The Court adjourned until morrow, having this ques
ton under discussion.
Present appearances indicate crop Of law suits still Il
grow out Of this extraordinary The Justice ha!
been sued for conspiracy the Lands have been sued
the civil COURTS Jones has been sued; the counsel
both sides have been sued several libel suits are
talked Of. The end is not yet