The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1875-09-07
Re. ply to Mr.. Samuel LaughIin's Card

The real issue between Mr.. Samuel
J .aughlin and myself is not to be obscur-
ed by multiplicity OF words and the In
PRODUCTION Of collateral mater. But out
of his own mouth, and also the acknowl-
Judgements Of the Leader in yesterdays
editorial, he stands convicted Of wil!ul
Misrepresentation.
After stating that the Glass Company
had compromised, etc, the LsaGey alleg-
ed, land gave Mr.. Samuel Laughlin Ss
authority for its statements), that zone of
the principal stockholders and officers Of
the institution represented to one OF the
banks in this city, Of which he is u direc-
tor, that the concern was in good condi-
ton in order to borrow several thousand,
from them, when he must have
known that such was not
the case So incensed were
the rest of the directors OF the bank at
this operation, which was in direct viola
ton of the oath he had taken to subserye
the interests of the bank, that they re-
questcd his resignation all OF which
was untrue, as appears now from Mr..
Laughlin's own card in which he says:
$50 far as | know, no representations of
any kind were made when the loan was
made and in which he further says that
Il resolution asking my resignation twas
LAID on the table, And "a also appears
from the Leader'S acknowledgment OF
Sunday, that il was misniOrmed and mis-.
let rs to its statements, and goes on to say
I'VE regret exceedingly that We have
been the means Of Incorporating,
to the slightest extent, two gem
tlemcn who have always stood
high in business circles here, bu, our
information was from head quar-
ters." Why then Mr.. Samuel I.aughlIn.s
haste to manufacture public opinion, by
statements he knew to be false at the
time? The inference is irresistible; there
was malice to crafty, and in the accom-
plshmcnt Of it pervrrsion nj the truth
seemed necessary and the truth WAS per.
verified accordingly.
regret having stated thst | was in.
formed that Mr.. Laughlin was the mover
and only supporter ola resolution asking
my resignation, If it be not true; hut
did it upon what seemed undoubted au-
thority. That, however, does not change
the issue particle; the resolution, by
whosocyer offered, did not pas, the
Board, and, therefore, the statement that
it did was untrue.
Mr. Laughiin Is unfortunate in trust
ing 10 his memory, which had before
proved SO trcachcrouS, in further state.
mcnts of the affairs Of the 6 las, Company.
Oar list wears statement did show
loss of 81, 3G2 70, and the second year,
statement profit of 81, iO7 % Tor that
year, not deficit Of $4,000, AS stated in
Mr.. Iaughlin', card, and it was after thi,
statement that the loan was obtained from
the Exchange Bank, when the second
years business had been profitable, and
we we've encouraged t. hope for cOHtiu-
ued prosperity, and justified in that hope
by the fact that all the Pittsburgh facto-
rics had been ont Of fire, in cou,,qucic.
Of the long continued "str:hc' there, and
that labor had been largely reduced, and
declining.
! soicru,v aver. that lever was a
made iu more perfect good
faith t. the bank, aud that there was
nothing in the then condition IF our
affairs to suggest approximations TO any OF
Us, but Just the contrary.
Subsequent mIsfoftunes, such rs con.
tinuous decline in the price Of glass, and
the return of. protested bills, to say
nothing ofthc loss OF pots, compelled Us,
finally to succumb rs heretofore stated:
and for these mi,tortuucs, however, una
voidable, there seem to be those who
would hold me personally accountable,
and even impusn my integrity Con-
scious Of my rcctitudc throughout l am
satisfied to leave the mattrcr with the
public. j. w. PAXTON.
WheeljAG SEPTEMBER 6, 1870