Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1859-03-24

Cincinnati Stock as collateral, an evidence
of the transaction, is also herewith surrend
cred. Lest it should be infer red that there
were other transactions between Mr.. Chit
tenden and myself, at the solicitation Of Mr.
Bliss, it is proper that | should say that with
the exception of what is here stated and a
request made by Mr.. Bliss that should re-
t air for time, $4,000 of the circulation, |
believe, of the Woodbury. Bank, Connecti-
cut, of which Mr.. Chittenden was the own
er, paid me by Mr.. Bliss during our settle
ment, there was no business transaction
whatever.
have an unsettled interest in the Cen.
trail Bank of Indiana, the evidence of which
! herewith transmit to the Altorney-Gen-
eral, amounting to about $2l 900. The
parties interested in that bank, as under
stand them to be, were Columbus Delano,
William Sturges, Ozias Bower, Charles I.
Sherman and myself.
had an interest to the amount of FIVE
thousand dollars, in company with Ozias
Bowen, Charles T. Sherman and B. b.
Durfee, in the Delaware County Bank, In
diana. About $4,000 of this interest was
refunded to Inc upon closing the bank; the
ba lance was the pro rata lusS.
For more full explanation of my con-
nection with the "Central Bank" hand
you herewith copy of the articles of asso-
citation; also, the original transfer to me, of
my interest in the bank, from Bowen and
Sherman. Each of the parties to the or
ganiza.ion were interested to the amount of
$4,000. l subsequent ly purchased $4,000
of the interest of Mr.. Sherman, and upon
my interest now amounting to 100000, /
was repaid $4,000 leaving it, as stated above
S2I,OOO
Judge Bowen, as the representative of all
parties interested in the Central Bank, Or
ganized bank at New Corydon, and anoth-
er at Jasper, Indiana. These banks were
started by borrowing stocks, and the use of
such means and credit as the Central Bank
then possessed. No additional capital was
invested by organizing these banks, at least
no cali was made upon me for money in con-
nection with them, and | had no interest
whatever in Indiana, in connection with
Judge Bowen, or the parties named, except
as here stated. Neither Bowen, nor either
Of the parties named as connected with the
Central Bank, are indebted to me personal
ly in any amount; and there is no accounta-
bIiity to me, on their part, except such as
resulted from the connection with the Cen
tral Bank. | never had any business oper-
ations Of any kind with these parties or
either of them, ich resulted in loss, ex-
cept in the instances Of the two banks here
named, and the transactions with Mr..
Sturges, hereafter alluded to. Neither of
the parties named as connected with the
Central, or the other banks in Indiana above
stated, hold assets or evidences of Indebted
anss to M or nihars for my benefit.
During my terms of office, had at vari-
Gus times large amounts of money ON de-
posit in the Marion Bank, every dollar of
which was repaid to me when called for.
l never lost dollar through any invest
ment in the Kanawha (Virginia) Bank.
] transfer, with this statement, the note
of S. Waggoner for Sl2.565.s3, being for
money deposited in his bank in Titfin. Mr..
Waggoner is indebted to me in addition, in
open account, about the Gum OF eight thou
sand dollars, upon which think he is enti-
tied TO credit of about three thousand dol
lars.
The sum of S26.6l 73 is due me from
the Elkharl County Bank, lndiana-the pro-
prietors of which were John G Camp,
Charles L. Johnson and myself. L, is due
to Mr. Johnson to state that he was not,
through any knowledge from me, directly or
indirectly. aware OF my connection with
this bark.
The loss to me. through my Interest in
the Cumberland (Md.) Bank, was about
eight thousand dollars. lost nothing by
the Greensborough Bank. have no in
terest, direct or contingent, in either of
them. have no interest, and never had
any, in any other bank in Maryland; and |
have therefore suffered no losses in that di
rection.
have been advised that it is supposed I
sustained losses through business ,ransac-
tons with w. Mcmillan. This is entirely
erroneous; | never had private business
with that gentleman, except the removal of
the Akron Railroad loan. This over-issue
of the Canal Bank of Cleveland through
McMllan's solicitation, have stated upon
another occasion, which statement | learn,
will reach the public through the report OF
your Commission, and need no. be repeated
here
The extent of my business relations with
Matthew Johnson, of the Commercial Bank
of Toledo, will be fully shown by the books
Of the Treasury Department. No trausac.
tions Of private nature ever took place be-
tween that gentleman and myself.
There is no Indebtedness to me upon the
part of Daniel Beckel, or the Dayton oil
Miami Valley Bank, other than have of.
ficialy stated in my last annual report.
AT the close of my official term, helt
the notes of the Sandusky and Norwalk
Railroad, that the amount. believe, of abou
SIT 500, with J. G. Camp and ]. r. Robin
son, indorsers. The company having be
come insolvent, reorganization and read
justnent of its capital was had and in thu
arrangement provision was made for th'
payment, as understood, in bonds, of the
floating Indebtedness of the company. Tn,
indorsers of the notes having shared serious
ly in the embarrassments of the road il
their charge, their names were OF no value
t learned, to the notes. After an interview
with Mr.. George B. Wright, Receiver,
was induced to accept, believe, $500 Q
D the bonds of :he road, specially provided 10
, the payment Of such claims, and then SUI
, rendered to him my claim against the com
E pany. Of these bonds have only $3.50
e in my possession, which ] now deliver I