Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1875-09-23

On the contrary, the books show that you
we're debtor to the bank, and in large
amount, at the time of its failure and am
entirely uniformed of your having discharged
your Indebtedness, or any part of it, at any
time since.
I do not agree with you in thinking that |
will serve the public interests by complying
with your request. I have the honor, there
fore, to decline to comply with it. Very re-
spectfully, your obedent servant,
THos. G. DUNN, Receiver.
COLUMBIA, S. c., September Is, 1875.
Hon. r. c. Dunn, Receiver Of the South Caro-
lima Bank and Trust Company:
SIR have the honor to acknowledge the
receipt of your communication of this date,
in which you state that latter careful reflection,
do not recognize your official duty as treas
urer of South Carolina, or your personal right
as creditor of the bank, to make the inves'
tigstion you propose"
You certainly are we'll aware, or should be,
that 1 have not claimed in my communica-
tion any personal right as creditor of the
bank to make an investigation of its condi-
tion, but based the claim distinctly upon my
official relation as Treasurer of South Carroll
ma. The account of the bank with the State
stands in my name as Treasurer of South Car.
olina.
Ihavehad three separate conversations with
you on the subject of the failure of the South
Carolina Bank and Trust Company. In the
first of these, held in your Office on the 9th
instant, you stated to me distinctly that you
deemed it your duty simply to collect the as
sets of the bank and report them to the court.
1 then asked you if you did not intend to
make an investigation into the causes OF the
failure of the bank, and public statement
for the benefit of the creditors. You replied
that you did not intend to make any public
statement, except your report to the court,
which would be simply statement OF the as
sets and liabilities and your collections Of the
assets, but that you intended to make an in'
vestigation into the causes of the failure for
your own private information.
The next conversation was held at the meet
ing of the board of State depositors in the Office
of his excellency the Governor, on the 18th
instant, in which you stated that you had not
fully made up your mind what your duty was
in the premises At that meeting of the
board 1 expressed my opinion Of the causes
of the failure of that bank. stated that
believed that it was either deliberate robbery
of the State or the most criminal folly, and
that I was determined to make an investiga
ton, if possible; and that, if my opinion should
be confirmed by the facts, I should immedi
ately take such legal proceedings as may be
necessary to protect the interests of the State
You stated that you would not permit me tc
make an investigation of the bank, but that
you thought that the board might ask for any
information it wanted and you would furnish
it. At the subsequent meeting Of the board
on the 18th instant, offered a resolution call
ing upon you for certain information. In the
meantime wrote you letter, requesting to
be allowed to investigate the condition of the
bank, to which you have made the reply that
now lies before me- in which you state that
you have larger appreciation of your duties
than seem to entertain. l am very much
pleased to hear it, and congratulate you upon
the expansion of your views on the subject
since our conversation on the 9Th instant
1t is perfectly immaterial to me through
whom the information I desire may come, and
it is only because you manifesteda very eager
desire to give as little information as possible
of what | believed to be the frauds perpetra'
ted against the State, that felt compelled to
make an investigation myself to discover what
I suspected.
You are pleased to refer to a personal &C.
count, that the bank alleges to hold against
me, and inform me that am a debtor, not
a creditor of the bank. You know perfectly
we'll, as said before, that did not ask to
examine into tie condition Of the bank as
personal creditor, but in my official capaci'
ty. Your reference therefore, to my person:
al relations with the bank is gratuitous and
impertinent I will inform you, however
that question the claim of the bank of 800
against me that yo': refer to, but if after in.
vestigation, the claim be established, shall
cheerfully pay it. And now, since you have
been kind enough to remind me of my pri.
vate account with the bank, have heard
from a reliable source that one of your chief
objections to my investigation of the bank is
the fact that you were debtor to the bank
when it suspended, in the sum of $1,000,
borrowed at the time of your election by the
legislature as comptroller-general; for what
purpose 1 leave the public to infer. Nor
have I any information that the loan has
since been paid.
will also inform you that if l we're per-
sonal creditor of the bank, would not re-
quest you to allow me to make an investIga-
ton into its condition, but would Immediate
" place the bank in bankruptcy in the
United States district court. and, by such a
proceeding, would get, independently of you,
the information desired; and l am now Sc.
riously considering whether have the right
to do 80 in my official capacity.
You are also pleased to state that you DO
not think it would serve the public interest
to allow me to make the investigation. That
is matter am perfectly willing to leave to
the public. You are the personal friend of
the president of the bank, and regard him
simply as unfortunate; whereas very large
part of the public, as we'll as mysf, have rea-
son to believe that he has defrauded the State
out of large sums Of money. Under such cir
cumstances I think it would perhaps be better
for both yourself and your friend to allow the
investigation. have the honor to be very
respectfully,
F. CARDozo, Treasurer S. c.
Correspondence of the YorkviIle Enquirer.
LETTER FROM CHESTER.
CHESTER, September 20, 1875.
The prospects favoring the sale of the
rho,ta. oounty bonde aro hriohteninp Our