Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1860-11-11
THE BOONE COUNTY HANK.

From ihe Indisasp5iis Sentinel, Nov. 81
On the street, yesterday morning, The Boone
county bankers talked long aud loud Of the
wrongs doue them. and they promised 20 pub
lish a counter statement, explaining and in
exeulpation Of the charges contained In our
notice Of the bank Ia the Seniind Of yesterday,
bu. I'D TO q late hour last night we had neither
seen nor heard from them. We guess II they
should undertake to comply with their promise
theT would have a larger contract on hand
than they would be able TO an.
The following persons, according to the
articles Of association filed In the secretary OF
States ofhee. comprise the stockholders Of tae
Boone county bank, viz Wm. Zion, Richard
Dormire, james Combs. Milrov Lane, John NJ.
Hedges, Black 4 Brother, II. Wilson, A.
Spooner, ]. MsLesn, Of Lebanon; John II
Mott, OF New York, and r. r. knight, OF
Weodham, Long Island. Mr.. Spooner, the
president, and Mr.. Mclean, the cashier Of
the bank, filed IA Sfhdsyit that they we're eth
zsns Of Indiana ard residents p Lebanon, but
We believe both Of these parties have had
their local habitalion in the hotels OF this
city. The cashier has been in the habit Of
going to Lebanon on be noon train and return
Ing 10 the evening, and the president has gone
backward and forward as his onsrous Official
dulles demanded. The securities deposited Tor
the redemption Of the notes Issued BY the aud
itor, were SIS, 900 In Virginia bonds, quoted
In New York al s7i, and S27, 1000 Tennessee,
quoted at soc. Tiers were 400 circulating
notes issued upon these securities, equal 10
s~iglty-cne cents upon the dollar FOR the stocks
deposited. Unless the stocks deprseiate be-
low that valuation the securities viii be ample
to redeem an the genuine notes issLei.
The spurious and genuine notes IN e~ireula-
lion are from the sane plate, duplicating the
engrayer, W. L. Ormsby OF New York, IN the
fraud. Both kinds have been examined By a
professional Inspector Of bank note engraving,
and be decided that there could be no doubt
whatever that both kinds Of bills we're from
the same plates. The denominations Of both
the eountsrfeits and the genuine are the sane
ones, tw0's, thTee's, fVe's tens and TWEEN
Ties. The engraver filed on oath that only City
thousand dollars OF these notes bad been strurk
from the Plates, but this affidavit is evidently
false.
Unr bankers Yesterday received remittanees
OF the Boone county bank eurreney, which
they returned t0their correspondents. A New
York man received In Chicago $3.50 al Of
which was spurious. He says that the banks
there received and paid out just sneh notes as
be had, and that the amount in bis posses
giot cane from ore OF them. He reports quite
a quantity in circulation there. Another per-
son was here Yesterday from st. Louis with
5000, al Of which was he spurious currency.
We learn that IS, O0C was RENTED from New
York 10 a banker in Tsrre Haute for ~eireuls-
ton, but be finding out the character Of the
currency, Immediately sent Il back. The
cashier Of the bank paid to a young man who
resides in Boone county, day before yes erdsy,
500 on a check, and the bills were examined
By the president. The young man was going
to Fsyette county, and thinking the notes all
right, promised the tfhcsrs Of the bank to give
them a good cireulation. On his way through
The eityh heard thsTsports In reference to tbs
Institution, and be TO K his currency 10 the au-
difoT's Office fo- inspection II was al pro-
nouheed counterfeit except about s35. The
ofcsrs OF the bank must hsTs certainly known
the good from the bad.
There is no doubt bu. a large amount Of The
fraudulent bills have been put 10 circulation In
various sections OF the country. The fraud
was an admirably devised scheme 10 swindls
the public, and II the credit Of the bank bad
first been established, a large amount Of spu-
rious notes might have been issued, II they had
been prudsn " put out. But he bankers,
either from necessity nF Bad management
we're in too much haste, hence the quick expo
sure + the fraud.