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

SO, and, in reply to another question, ais
stated the nature Of Mr.. Reznor's business
Mr.. Gregory then proceeded to say that h
was amazed; that Mr.. Reznor had promises
him (Mr. Gregory to call and state to INT
the true condition of the bank, which ht
(Mr. Gregory supposed was not apprise'
of; thst the bank, without instant aid, mus
60 to protest; that DIR. Reznor had know
ingly and wilfuly deceived me, and that he
(Mr. Gregory felt it his duty to call ant
ascertain il such was not the fact. | wa:
overwhelmed with establishment at these
announcements. Mr.. Gregory remained
during the next day in consultation with mt
as to the best mode of saving the deposit
then had in the bank. Our conference re-
suited in an agreement on my part to visi
Cincinnati on Tuesday following, to thor
eughiy examine the bank, anC to adopt the
best course in my power to prevent loss
remained several davs in Cincinnati upon
this errand. Mr.. Gregory and Mr.. lngold,
shy, both familiar with the bank. prepared
detailed statements of its condition, which
l supposed they fully examined, and sub
mltteG them - my examination, with such
explanations as tn cir intimate acquaintance
with the condition of the bank enabled them
to give. 1t appeared from these statements
that with such aid as would relieve the bank
at once from threatened protest, the assets
were sufficient TO reimburse the State for
the deposit then in It, and such further sum
as might be required to be then advanced
TO protect it.
Presuming that the better information of
those who had been concerned in the bank
as officers and directors, could be relied
upon as to the value of its assets, and that
the step proposed would not endanger The
additional sum required. but save the amount
already in jeopardy, did not hesitate to ad-
vance the means necessary to reli,ve the
bank, which, as | now remember, was about
$4,000. | was informed shortly alter that
the sum thus advanced to save the bank,
nd thereby the States interest, was applied
to the payment of about the same amount
of the banks drafts then about due, upon
which Mr.. Gregory was an lndorser. In
this transaction acted with the most per-
feet good faith. had no motives other
than to secure beyond doubt the amount !
had on deposit. By advancing the additions al
sum, | felt assured, from the representa-
tions made to me of the value of the assets
OF this bank, that all contingency of loss
had been removed. Having now become
SO deeply involved IN the City Bank, I gave
1t much of NY atteution, and occasionally
temporary aid in small amounts, still trust
ing in the fidelity and integrity OF those in
" hose charge it seemed to be for my pro-
lection. In compensation for all nv efforts
and anxiety. found nothing but promises
on one day, and plunder upon every hand
the next.
A change of officers was had in the Bank,
at my request, to improve the condition of
things. with the understanding that nothing
was to be done but to proceed TO settle and
collect the assets and liquidate the Treas
urer's deposit; but the change seemed to
furnish only additional facilities to the
plunderers. The conduct of John P. Re-
znor, in ccnceaHng from me the true CON-
dtion of TIE Bank, and quieting my anxiety
and solicitude in relation thereto, by the
most solemn asseverations Of the entirely
solvent condition of its affairs, was that OF
an unmitigated knave-a character he dis
played, not only in deceiviEg me, but in the
extraordinary, and to me, ever inexplicable
manner in which he succeeded in extricat-
ing himself from his very large indebted
ness to the Bank without paying dollar
and OF which, | understand, but little, il
any, evidence can be found.
/. has been said that | am censurable for
rnnti nning my hnsinpSs with the Bank utter
| suspected its insolvency. admit it, bur
no material loss occurred thereafter; and
every act and movement on my part looked
to the accomplishment of single end-,ha
security and safety Of what was already
endangered. Among other Instances cited
is one that permitted the Collector OF
Canal Tolls to deposit in the Bank q be-
lieve) in 1855. think before this time
had closed my current accounts with the
Bank. Tne deposits tina: year were sent
me in returnable certificates, which, as
believe, were nearly all paid. l had declin.
ed to keep an open account; and in permit
ting tolls to go there, it was in order, if any
Eastern currency were paid, its conversion
would aid in paying the expenses of the
Bank; but the positive understanding was
that the sums thus deposited were not 10 be
used in any manner.
Mr.. Charles T. Sherman, Attorney, a
Mansfield, has collection in my behalf
amounting to 81 100. against Messrs. Rez
nor. received this collection from tn,
Bank as cash. The amount stated in my
last official report; for which | held tn
draft OF the City Bank-the collection a5ov
referred to-the notes of S. Robert, here
with placed within the control of the At
torney General, embrace al and every liza
bility that has emanated, directly or indi
rectly, from my official connection with III
City Bank Of Cincinnati. neve: had an
personal transactiors of any kind with il
In addition to the above statement. des r
explicitly to add, that have not now, an
never had, directly, any speculations or OF
erat'ons with John P. Reznor, or any otht
officer of the City Bank; and that have n
interest in any thing growing out of my o.
fetal connection with the Bank, than thu
herein detailed; and the extent of the liz
bility to me personally or officially, of til
Bank. or John P. Reznor. or any other o
icers of the Bank, growing out of that col
nection, or otherwise, is herein fully state
Among the payments made to me by NJ
Bliss, after entering upon my duties as Tr
asurer, was one consisting OF a certifica
of deposit from w. 3. Chittenden, Banl
er, New York City, for the sum Of S4s,4t
y. II is due TO myself, that | should q,