The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1860-02-15

AHS DAMN FAILURE AND OkYALCATION III
RHODE lsLAND.-1t was stated yesterday that
the Rhode Island Exchange Bank at Green.
wich had failed, ON account of its cashier pro.
wing to be defaulter. ID. G.. Kenyon 10 said to
be the defaulting officer and has made a full
confession to Mr.. Robbins, the cashier of the
Merchaos' Bank of Providence The Provi-
dence Journal. after stating that Mr. Robbins,
In consequence of certaia rumors, undertook
to examine the condition of the Exchange
Bank, says:
The first evidence of wrong was found in q
discrepancy OF number Of thousands of dol
lars In MS account with the Merchants Bank.
But as soon as an examination of the note &C.
count was made, which disclosed deficiency
oisome 81, ,OOO, cOncealment was no longer pos.
siOle, and he confessed TO Mr.. Robbins that he
was adefaulter. He also confessed that he had
added to the crime of stealing the still greater
trime OF perjury. On the 9th inst, in the re.
turn ne MADE 10 the State Auditor of the con-
dition of the bank, he had sworn that the cir
culation was Sl9,26e, when in fact it was
A,UOO. He also swOre that the deposits were
only $780, when they exceeded The sum of
$i2,UOO. The whole amount of his defalcation
to the bank is about 81, ,OOO. The capitali only
S6O, 900.
The large sum which he has embezzled-
$itS,OO-kenyon alleges has been wholly lost
In stock speculati0ns. HecOmmenced his stock
gambling some years ago, and was at first sue
tions. His losses have been in Erie railroad
and in mining stocks. His dishonesty is the
more surprising. as he has always borne mos {
exselien. eharacter and his style Of living pra-
MIR. George Kenyon well known in Kent coun-
to, is his bOhdsinan to the bank for Sl5,tN0.-
Mr.. Jas. b. Pierce, the president of the Ex-
change Bank, is his bOndsman to the Savings
Bank in the sum of SiU,UUO.
Governor Turner yesterday appointed Shu.
bael Hutchins and Henry Anthony, of this
city, commissioners to make an examination
of the affairs Of the bank. They will at once
report its condition to the Supreme Court,
when an injunction will undoubtedly be is
sued, and receiver be appointed to wind up
its affairs.
RAILROD CONNECTIoN.-The Washington
Star says: Mr.. Parker, the civil engineer, un-
der whose supervision surveys have been
made for the Baltimore and Ohio Railroad
Company OF the various lines proposed for the
better connection OF the Washington termi-
nus of their work with the Virginia railroads
and steamboat lines, has completed his !abors,
and is now in this city with their results,
shown in map Of great value indeed to the
District of Columbia, AS it embraces u mass of
Typographical ana other Information bearing
on the su bject, and yet closely allied to other
subjects of importance to District OF Colum-
bia and Alexandria properly holders.
From an inspection OF this map and the ac-
companying prof1ies, we conclude that to ex-
tend the Baltimore and Ohio Railroad, as pro-
posed by parties in Georgetown, through
their city, crossing the river either on the
aqueduct piers, or at or about the 'Three Sis
ters" rocks, will involve an expense of some
half-million OF dollars, At least. Next that "A
railroad bridge eau be built Immediately
along the South side of the Long Bridge, with
united draws TO serve for both bridges, at Il
cost of less than $IU0,UUU; and next, that the
Baltimore and Ohio Railroad can be extended
across Pennsylvania Avenue, and down or
near First street, to BuZzard's Point, for, per-
haDS. SlJ.tNU. exclusive OF the cost OF q Suita.
BILE wharf there. If the aforementioned plan
be temporarily resorted 10, nearly all the dir
ficulties Of the present navigation from the
foot Of Seventh street will be obviaied and
again, we judge from the map and prof1ies,
that u bra,ch from the proposed railroad to
BuZZards Point can Oe built to the present
wharf OF the Potomac and Aequia Greek Rail-
road Company, SO as at the same time to com.
plete the connection with the Richmond and
Fredericksburg Railroad line, conveniently,
and at no great expense; the road 10 Buzz
Yards Point connecting with the Orange and
Alexandria, or great through Southwestern
line OF travel