Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-05-01
a GRAND DANRe0VVlNOLER.
oloo, 800 Nl0ssAag - ArPeso Or
Bank O0cers and GaOvernmens
Omc1a1ss

On the 25lh instant, great excitement
was crested ~ Selma. Ala, by the announ-
cement that the First National Bank there
was robbed Of 100000 in grecnoaeks.
The Selma Messenger on the 10Th contained
the following;
SELMA. Ala, April 10. 1867.
NEssns EplroRs-rhe severe loss OF one
hundred ami sixty thousand dollars sustain
cd by the FRS, National Bank this aflern
Don, by robbery, prompts me to make this
statement The robbery occurred between
2 nd p. 81, while the cashier, book
keeper and runner Of the bars were absent
at dinner, or on business, the undersisne
iessnsss can attach to any one. no alone 10
the party 10 beer IL.
1tis evident the robbery was committed
from the side door Of the bank, while the
writer Vas engaged at the front counter.
JOHN N. PARKMAN. Pre'fdent.
1920, 900 REWARD
IL will give twenty thoussed donars ie>
ward for the recovery Of the sioo,ooo stolen
from the Frat Ns,issAi Bank to day and
q thai pe,porsios for the amount recovery
"J0dN n PARKMAN, President.
.Ssi0a, April 10. 1857
When heard Of the robbery, Gen. Sway
ne, commandant Of the State, hurried to
Selms, and As the result Of his investisa.
tons, We find the following advertisement
in the Selma papers of the 18th:
"$l 800 REWARD.
For account Of the Treasury Department
. reward Of fifteen hundred doiavs is Offer
cd for the arrest and delivery 10 the military
authorities at any point within this State Of
John l.. Parkmnn, the def .ulting and ABB
sconding Pr-sidens Of the Frat National
Bank OF Selma, Ais.
"for the recovery Of such money or val
liable securities NJ sa,d PArktnan may have
IN his possession { rsher reward will be
paid, proportioned to the amount restored
20 the CIV ssnment
l"wAGER SwAYNE, Mej. Gen."
The .Ssispo Messenger Of the 18th makes
the following Startling revelations:
Gen. Swayns Otrivsd here yesterday
morning. and, aided BY some If the BEST
business mon Of the city. commeoced in>
vestgating the affdars Of the bank - . nee
essasy step 70 securing The government
against loss, and - . meAna VI obtaining .
clue 20 che robbery.
About ten o'clock yesterday morning
the public were dunhfoundsd By the report
which proved but 700 correct, that Mr..
Paskman he'd slHds.l has guard and escaped
IRON the city. This fact gave . new and
painful turn to Speculation, and served -
basia ~ other starting rumoss. In che
Meantime the feet Of the arrest Of W. Q.
smith, United States VA colleceOs, became
known, and still later we learned shss-La
Csoix, Of tAe psvsnus ssssies, wss also o.
der arrest. These gentleman, We believe,
are ohaseed with improperly dsposi,ing
public FINDS in their hands with the bank |;
and their arrest added fuel to the fire Of ex.
element which prevailed every where.
Ill. regard to the bank il appears on int
veatieation, that the bank has suffered
largely IN recent outside srsculations, the
character Of which We did not learn vheth>
or they wore entered upon ny Mr.. Psrkmsn
on his own respoasib lily, or with TIE sane
ton Of the board Of directors. While wsak>
cncd and embarrassed BY these losses, on
the 10 inst, . government dralt fot $50 900
was pressntes and paid. On the Tn another
draft Of the same character oi &76. 100 wss
presented. Mr.. Parkman explained that il
would suit the convenience Of the bank n
have few days time, and yavmont was de.
layed until the l4th, wnpa demand waa
made, accompanied with threat Of protest
Payment was prom sed On the next day anc
that evening tbs robbery was reported. Tn,
next day the bank was taken in charge b,
the tr'.'tsry authorities ae ing under order
irom zen. SSaJne, aal its Offices were pu,
under nrresi, thongh let at largo on parole
yesterday morning Gen. Swaync cnm
down an investigation was commenced, AN,
Mr.. Paskman left the city. We believ,
our 'nioimation Il correct. that the examln
a'i"" has progressed sufficiently to show
that no robbery was committed and that nc
funds not accounted Tor are missing. Tn
cash balance on the books corresponds viii
the money in the safe, or nearly SO.
"Uades the circumstances Mr.. Parkman
Hight from the city Il inexplicsblc, excep
on the idea that, alarmed and ov.rwh, lme,
by the culmiaat,on oi his troubles he tool
that unfortunate method Of reaching Gee
Mo. ryan. now attending court At caoden-
au Idea strengthened by the knowle ~ tha
ne had evnced the greatest anxiety to hav,
the immediate counsel Of that disfinguishe,
lawyer and the fact that Ia took ns far a
Cahahs, ~ least, whore he was last hear
from. the most dire ct route TO Camden
Had he sough, to escape he would not hav
travelled the most public highway in tn
county, out would have sought less fire.
Quenicd roads
Z. S.-Nii'ce writing the above We hav,
learned, CD that the capita, Of the banl
was mover paid in. t2) that the circu, Ito,
was used I" pay Tor the bouds upon whc
1t was oltsined, t3) that the bonds dcpos,
ted 10 secure the Government deposits wer
hofrowcd-iacts, if facts, even more star
Ting ih those With yesterday forme,
the topics Of the street, and from which GU
readers must draw THAR own conclusions
The report elsewhere alluded 70. Of tn
arrest Of Mr.. LaCioix is denied, ard y
rust may prove TO havo been unfountled
Tns bank Note Reporter has the follow
ing "Caution TO Holders OF Sevcn-Thirt,
Notes."
'Ssven thirty treasury notes are convert
ible into five twenty bonds u maturity. an,
not afterwards. The Secretary Of ID,
Treasury. by giving notice that conversions
may be made before maturity. has sakei
away an excuse for claiming . conversios
\ after the nosea mature. The law unde,
which the seven shirtiss.. were issued Left III,
Secretary st liberty to bargain with the Ia
kers of tAe notes. On this point the act o
June ~, 1854, provides that
Any treasury note issued under ths %
thosisy Of this rct nay be mais ccnvsstibl,
at the direction Of the Secretary, into an,
bonds issued under the authority Of thi,
act
By virtue Of THE discretionary power, III,
Secretary issued The sevss-shis.y nese.
With the following condition or bargair
plainly wrtten On The back Of the notes
IA maturity convertible, ., the option O
the holder into binds redeems BILE u Il,
pleasure Of Tie Government at any time Of,
ter five years, and payable twenty year
from the 10Th Of August, 1857, With inies-
est At per cent. per snnum, payable semi.
annually Ia coin.'
This % Ga the August neees ((isst seeies.
The aams is on the back Of the - and al
series. with the time changed to June IL
and Jolly Is. 1853. I. 10 plain that on IN,
very next day after the seven>thir.ies ma
ture the holders loose the right Of conver
sion, and it is now quite evident that III,
Government will pay the notes, not t,mel,
presented i'm money.
PoxivG FrN AT SEWARD AND Hls PrR,
caAsE.-rhe purchase Of the Ru> sian pos
I