, 1866-04-06
FINANCIAL AND COMMERCIAL
MONETARY.

TuCnspAF EVENING, April s, 1856.
The cate Of B. II. BADGER, the details Of which
we published yesterday. continues 10 engage the
attention O! financial circles; but today the dte.
cuFeiou seeuas to hinge more On the connection
which 4. Z. Badger & Co. had with the tfanaac-
tons, than with the performances Of B. d. BADGER,
The question comes up-hts 4. c. Badger & Co,
any night 10 keep In their vaults &e5 Gl96 50 which g.
Il. Badger procured from the Second and the Mct-
chnnts' National Bankf, under fa1se Representa-
rion.f nad Mr. B. Il. Badger, instead Of doing
What he did, Rsr7oied an express Or bunk meseen-
ger md ttolen from him rs, 900 in money. and al
le1Narde ueposlted Eaid money In the bank Of A.
T. Badger L to, could the hitter hive retained the
zto1eu money. even though B. 4. BADGER Owed The
bank Of A. g. Badger & Co. that amounts But II
may be eaid that tie casee VIC cite NOT parallel
So frr n D. q. Badger Is concerned, they are
not; but tow Is 1t with A. C. Badger d
Coz They have received from b. q. Badger
{e5,G1260 winch clearly belongs to the Second md
The Merchants Nsr,oDsl Bank1 and 1t rn2ks 20 dt.
ferrnee4 in moral law, whether B. Il. Badger gar
rotcd or deoered those bankers IN order to oht2ia
from them the noney-eo long ~ It was Oh
tained vrongfnuy. We taid yesterday that il WIS
not nece.eary to beliese that A. c. Badger + Co.
were aeeomplices with B. q. Badger N playing the
ptce LITTLE game" but II they rtfuse to give Hp the
money 10 its lawful ownerr, aftes they have fully
aseeained The facte In the case. then they become
- accs.s11cs aler the SCI" At any rate, hnch art
the sentiments freely expressed on the street, and
re question whether a. C. Radger 4 TO. can avc
down the public feeling On this subject, unless
they refund The money 10 thote who clearly ownjt
unlees they do this. there Il every probahinty oi
tie cafe bstne brought before the Clearing
Hoote Association II may be that A. e. Badger
60. can legally hold II, {ard we doubt ereu
thhfl: bu4 apart from Ill 1tgal Obligations. fhese
mnst he moral code observed by merchant, and
bankers, OF everything like confidence viii be 5e-
k,ro5ed. The question Of the banke,a 10 settle IL.
Can they afford to pass over case LIKE this With
ont taking action on 1tf" We think not II cye,v
lite teehnieallty In law te to be taken adyansre Of
By the membczs Of The Clearing uouse Association,
IN their transactions With each other, In order to
mike or txre money, then II bad better dlsband.
There mutt be honorable a. well ~ honest dealing
among business MN and bankers, os everything
Ike e1edia OF confidence Is destroyed. The Clear.
Ing honse must tct the Other commercial aasoa-
atlons m example in this serpec or the MERCHANTS
will have no confidence IN their hankerr.
But it il raid. - # by make such 4 uolse oTer
loss Of only abont 4s,00of'' That IL nothing 70
the point. The Second and The Merrhauts' Na.
ttonal Hanks ui1l not be injured By the lozs which
they *I.sasn. Il vii ousy teanrc she dividend. o.
the stockholders TO very email extent. Bet there
is principle involved IN this case, which makes 1t
attractive, and she Clearing House must retle the
case hefoEc the public. whether OF not It Il right
and proper for one hanker TO proat By The dcccp-
tiont prsetlscd upon smother.
So far a. the CLAIMS Of Jamef Boyd & Nrothe.1
md n Coru1th ase concerned, there is crc7y prob
ability Of - C. Badger g. Co.. pairing then; and tn
our opinion 1t would be nose prottable for them to
raT the two other claims than 10 rtta0 the money.
Since writing The above, We aze informed that B.
4. Badger has been arrested On criminal charge,
IT the tnsianee ol the cashier Of the Merchants
TA$a ~ 0t1$~