The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-06-20
The Last Wall Street. Anair--statement o
Mr.. EoVvMd Ee.knap.

TO THE EDITOR OF Tue HERALD.
Such 10 the condition Of our laws under the presen
code, that while man charged With crime may demand
an immediate investigation before ms gisrate tho de-
PENDANT in civil action where bail required he be
unable 10 give the ball. deprived Of his liberty without
any examination and without being confronted by his
accuser The press therefore, the only medium Of
redress.
Learning from the Herald that Judge Roosevelt,
bad granted sn orter for my ares. in civil action on
complaint Of the Union Bank, for having presented
fraduently certified checks Of the bark to the TELLER
fearing that longer silence my part may be construed
into an acknowledgment OF this false charge, submit
the following statement OF facts
On the 1st OF December last overdrew my account at
the Union Bank in the usual course Of my business, as
Sas in the constant habit OF doing for years past in
con mon with o,her brokers in the street, fully in.
tending and expecting to make my account good before
three O'Clock by deposit of money to my credit
which rs the usual course OF dealing between banks
and brokers in Wall street in good standing Being
disappointed in the receipt Of the money, could
delivered 10 the cashier $3.50 goo railroad bonds upon
which TO balance my account; they credited with
Of my cheoks drawn that day. for about 3e2 OOo
was certified for me By the pay ing teller. the time
told him was to paw a loan, which true and for
which purpose used, loans amounting in the
oegreg te to that sum- having been day paid 70
she American Exchange Bank with that check
In his statement, made after lapse of six months In
regard TO this transaction, the paying teller Mr. Smith,
alleges conversation with me on the LIST Of Decemper
which ia Truth occurred the day previous.
DC the Both OF November he certified my checks for
about SIS ,0C0, and remarked 70 him that had
loan wbicn was true, as ON That day borrowed ST 900
of the American Exchange Bank but be states this
vesaton as having occurred on the LIST Of December,
which Ia an enure mistake.
-Four months aiterwarosviz, I'd April, 1S6o--at the
request Of H. Arthur, President with honorary
Understanding between in the presence and upon the
suggestion Of Mr. Demng that was not TO be molested
executed to the Bank Of valuable property
ane gave them new obligation.
Inc following is copy thereof, With the receipt Of
H. Arthur, President
dsts due aaa lasts 70 mature been settled
hundred and ninety nine dollars and sixty two which
pay 5 sss
set he Ss S
ss sFs q % sd M ~ sp s;nsp
in ne az one q hs hens Or devsees and ali my right title
hereafter te made q De income Of sad esa.s having
Sse Re Ss p anS being
shall net pass and hereby expressly
nc, been eSecuiea my right my share OF ns
income accrued hereof er to Of said fathers
~ S !; : . s. ss:
mes end and parcel thereon Union
BY ssiS s
Of no o e Or 1ss and every part thereof
Winners my hand and this second day of April 1859
kDwD. BhLKNAP. IT, ST.
missioner for Massachusetts, dated April q 1869
received EDWARD knap an instrument duly executed
therein expreeeed H.. ARTHUR President
new YORK, April 2, 1869.
Had any allegation Of fraud been made against me at
that time the Union Bank would obtained this
assignment but having procured II by kind words and by
working upon the sensibty which every right minded
man feels when unable 70 pay lust dcO and by leading
TO suppose that WAS 10 be left free to quidate my
affairs ard that wa5 to regard them in light OF
friendly CREDITOR they row set IN motion every method
ID their power to de troy their debtor
Knowing before pledged with them the railroad bonds
exactly the nature OF title TO them they have been
pivy 10 suit brought against by the Railroad Com
Jany to recover thsm In which arrested held
to bail in the Of s225 Goethe Sworn value OF the
bonds pow held by the Union Bank.
Next although they hold this large excess Of securities
and In addition the assignment obtained from the
I'd April and although that day they made a new set-
Element, in which they took obligation, merging
all former hRnsa fons, and for which they received
valuable consideration and gave up nothing, they in
violation OF good faith forward and prefer charge Of
fraud against me, to deprive Of my liberty in
creaspg tie ali eady exorbtant bail 10 which held.
have rot been guilty Of any fraud whatever; have
done notbn out Of the usual course Of Wall street Dus
ness, where II is the daily habit Of dealers in stocks TO
draw their checks for all they require without regard
their actual baIal in bank at In moment and then
forwards make deposit TO Offset their checks
Every honest dealer is liable TO the hazards Of business
and to ne disappointed in receiving money where he be-
eved himself sure Of IT, This my case and this is all
OF which am guilty. leave 10 every unprejudiced
mind whether such conduct the part Of powerful
taiS done and was then doing everything in his power
TO secure them is anything but malicious and reven sefu
EDWARD BEIiKNAP.
NEW York, June II, 1859.