The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-04-28
GOLD OF THE RICHMOND BANKS
A New VersiOn-The Money Loaned 10
the State ard Richmond.

A New VerstOn-The Money Loaned TO
the State and Richmond.
The Richmond Enquirer gives the following
account of the disputed specie claimed by the
Richmond banks:-
The banks did not loan one dollar of this
coin to the Conederacy, but we understand
they did this:-They loaned 100000 to the
State of Virginia, which the State agreed to loan
TO the Subsistence Department of the Confede-
rate States army to be applied specifically
according tn the terms Of the act of Assembly
authorizing the Commonwealth to borrow the
money! to the support of General Lees army.
When the evacuation OF the city took place on
the I'd of April, 1886, the gold loaned to the
State was carried of, along, and in the same car,
with the coin OF the banks in the presence OF
the bank officers. In form, receipt was taken
from an officer in the Subsistence Department,
acknowledging the receipt OF 500, ,OOC, saying it
April, when this officer and the officers of the
banks were at Danville, and the extremity to
which General Lees army was subjected was
seen, an agreement made by which the
officer promised, in case he could not use the
fund for the object for which it was designed by
the State of Virginia and the Coufederacy, he
would return it to the officers OF the banks, to be
applied as credits on the bonds the State had
executed for IT, The whole fund was carried
farther South, and always along with the banks
officers and their funds.
On reaching Washington, in Georgia, after
General Lees surrender, but before General
Johnston's, the fund was formally returned to
the officers Of the banks and their receipt taken
therefor specifying That the amount thus re-
turned ia coin and checks was to be placed as
credits on the bonds of the State given to the
banks. The Confederate officer, by the order OF
General Brecknridge, thus surrendered the fund
to the banks, thereby annulling the loan and
placing the parties in stdtu quo.
The fund thus recovered was held by the
officers OF the banks and treated as the property
of the banks. In the month of May, they at
tempted to bring the whole fund to Richmond
acting under the permission of the United States
military authorities. On the route they were
robbed of $250,OO or $300,000. OF this amount,
Sill 900 was returned by portion OF the rob-
6ers, who said they took it supposing il was
Confederate property, bat learning it was the
property OF the banks, they chose to restore IT..
A part of this fund was consumed in expenses,
leaving about $l00, 900, and that's the fund now
in Washington city, claimed by the banks as
their property.
Upon the Forthcoming statement (Which we
believe to be true), to soy that the Government,
when the facts are fully in evidence, will claim
to hold this coin, is to charge purposed wrong
which we trust may never be committed; and
TO intimate that it will seek to hold the banks
responsible for the sum stolen by the robbers is
TOO preposterous for human credulIty.
The President and Secretary OF the Treasury
have once decided to turn over this fund to the
banks and if law and Justice are to be meted to
the South, we feel assured they will so again
decide when the banks are fully heard upon al
the facts pertinent to their petition.