Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1860-03-16

4 fu wv NthN Cru hfRN lNfRf
Sls, 900 still due. Leavnt & Weston gave
their notes for $2O 600, secured by sec.
ond morigag. Peek thought he could
raise So. COO or $4,000 on these notes.
These shifts were resoricd tn. hoping that
nv July, 1850. lumber would To- manuiac'
,urcd and sold. A. has been seen, this was
no, 10 be-. And as according 20 agree
ment Il each was 10 pay bis proportion Of
money within three months, all claim 10
the ownership was forfeited.
To avoid the dinser ot a foreclosure by
Peck. Lsati,t ani Weston got Peek n chn'
ycy tie whole to Smith aud .lallowcll. IN
trust. and b. took Smith and llallowrlls
NOTES Tor SIS COO. From this time, August
%. Weston, fea,iu and associate. had
placed the Canada property beyond Peek.
control. and were no longer Ia danger oi
f,rfcitur. of their interest. there, accord.
ing 20 their agreement. From the date OF
tbs transaction the fuaneicring OF These
lopciuls became more reckless. Some
$50. 900 or 10000 Of the Treasurer uih-
cial cheeks we're negotiated by I,cav,t with.
IN three months, from September TO Dcccm.
Der. 1852
Ahout iii. time Peek appears 90 have
hesn irving a. arrange % secure W. bond--
men Nv giving them tho Canada property.
but his trust deed 10 Ilallowell and Lay,t
and some other cntanslins transactions,
rrevenicd this. and IL was abandoned. tho
blndsincn looking elsewhere for s1mc sccu'
riiv.
Finally in regard to this costly Canada
timber land speculation. IL APPEARS that
the prom nv i now Owned by Pcck's part.
ncrs IN the purchase, Iravi,,. Hale. Covell.
Weston. Cushing and Smith, though 70 Las
hecn paid for Nv Pocl. llc has allowed
himself to defnud the Stats for the benefit
OF these Spectators.
In regard o. th, loans q Peck's hrnd-'
mcn, 1; appears tia, Mr.. Somes member ct
I Congress FROM the 1T district In Maine.
was one of bis b0ndsmen, and % various
times borrowed Of him $1,000 OF tho
states money. which he slill owes. Mr..
Somc- !. now horelss'ly Insolyoni. and the
sum !. n lead los..
. Neal Dow was borrower. lie snys he
clars,i p,rk. -, shin AZ hc vas elected o.
ufic,. never % loan n dillAr that be could
not rscill m an hour llc borrowed
I $4,000 iu AIg... 1857, vhich vas Promptly
repaid IN lsjs, Dow borrowed like
,um which was rcpeid. aud during the year
Dow frequently endorsed Tor Peck. In
! 1852. Dow borrowed Sll,jOO. with the
understanding that u was the Sa'e'- mon
sy. he gave hl. memorandum checks fur
/ tie amount, and subsequently, received them
all. giving IN W.. endorsement on Pcck's
notes. When the iull amount oi the notes
was up hy endorsement. Dow gave Peek a
PAPER. acknowledging Il Peek took care ct
the notes. he. Dow. would remain foil debit
W i,r the Sll 500.
/ In December. Dow gave Peek = cuarnn'
y " ~ driit e llal.owcll's COR $1,000, Tut,
/ getting uneasy. DE caused Peek e. convey
certain property ~ him. amounting, Peek
supposed. 10 SJDSi, bot Dow sty' to only
5000. but m rrali,v. q subsequently ap-
reared. 20 SjO1j. ~u,gh be- now holds.
Pcck contends that Dow holds property OF
his wiihuut any consideration, willis Dow
CLAIM. t. hold &, as y partial compensation
Gr L.s l1.sss q. bpnd.man. H. claims
that when 10 received the conveyance he
considered the property little enough t. -.
cure im. Tut though Il is nov more Wall
uahlc than be- supposed, he hasa night 70
Il. t. Iroicc, him from his losses as bonds
man.
+ Mcs,, Dow aud Snckp1lc removed
pcck's ale t. the Merchants Bank, and
Mr. g.. n. Shirley removed the documents
which Dow gave Peek, uhlisaiiue himself
g. owe Peek the fol amount referred o.
above II he. Peck. should pay tie Notes ~
dorsad rs Dow. This document Dow nc.
knovltdgss be destroyed. fur be "dil not
want o. b. mixed up in the matter llr
then paid up he nptc- m Which be- wAs rn'
dor. T. auouutiar O. : ~, sos, and early m
February. De- Iaii SGlj. the did renee be-
TWEEN 90. notes and th"s, Dc cudur-si.
The COMMITTEES claim that 500 should 10
lad ~ Mr.. Dow, on BIZ own shOslng.
that being the discount of the notes. BOT
the committee DENY that tie awaits oi the
notes hsy, gone into the Treasury, aud
thus that the payment was IN any sense In
- the Irca.gTy The report says. =" the
loan va. ~ improper aud iUrs 81 one in any
aspect" and that Mr.. Dow therefore Owe,
siill Sll 500. notwithstanding thc barter.
iur 1T notes, Accordingly. Mr.. Dow pad
SIsOj ol the sum. March 81. The hal
aucc be- considers PAID. in1smuch as note
Of 5000 in the Market Bank ca which ho
was "a cnduts,r. i. placed % tie credit OF
tie State. lie i ready 90 pay tie balance
without litigation, IL the Jusiics olILr Sa'
irene Court shall - award. Thus though
Peek loaned e. several OF hi- buni.m"n-
O. Carter. Over, william aud Sewall Chase.
Hanson, Shp,' and Dow-ii Is only With
Somcs and Dow that there J. any difficulty
whatever. and Mr.. Dow will Pay all that
he i legally holden for.
TIE transactions with the NorumhcgH
Bank, are described as very dis,rrdituhle 60
Peek. the cashier OF the Back aud some OF
the directors.
Tie Mechanics Bank. Portland is said
to have committed " indsiensihls and ille-
gal acts. m discountinc negotiable paper
with pcck's name a. Treasurer. The Pres
ident refused On one occasions To discount
check endorsed by Pcck's name, unless
Treasurer Wls added. and he cnu-"d
Peek 10 give an Official check Tor 100,
after hs knew reck 10 be delaul,er. The
committee recommend that this hank DO
,ummatily compelled 10 repay tho su unit,
The Traders Bank OF Bangor. City Bank
~ BiddoioTd. international Bank, Portland,
Manufacturer. and Traders Bank Portland,
State Bank. Augusta. Augusta Bank. Au'
gusia, aud Market Bank, Bangor. are all
blamed moro or les severely for their deal
iuss with the Treasurer, and Tor Initiating
hi. credit. and thus stimulating him ON to
greater misdecd'.
I Geo. " Shirley. VIM. Il. Porter. Wal
ter Brown. and j. Wyman, are said to have
had sharp dealings With FIX ne brokers,
aud the committee recommend that Brown
should he held TO restore S2s32 is. and
Wyman SlG15, obtained when they must
have known that Peck was deiauller.
I The paulk Land, " are % GOO acres 81
timber land. in Somerset and Penohseot
counties. purchased hy leavlit and Weston
I in May, 1852. OF q. l.. Boynton, and dcvd.
ID 90 4 Il. llallnwell. Sl5. 900 was U BE-