The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-09-07
A Reply 10 mr.. samuel Laugh
Inns CaFd.


The real issue between Mr.. Samuel
I.aughlin and myseliis not 10 be oblcured
by a multiplicity Of words and the intro
duction Of collateral matter. Bot out Of
his own mouth, and also the acknowledge
ments Of the Lo16er in yesterdays ediiOri'
al, be stands convicted Of Vilful misreP
resentAlion-
Ailer stating that the Glass Company
had compromised, etc, the Lode alleged
iaBd gave Mr., Samuel Laughlin a author'
ity Tor its Ii5iemens), that zone al thi
principal stockholders and officers Of th'
Institution represented to one OF the bsnki
in this city, Of which be il director, tha
the csnoern vas in good condition in or
der 10 borrow several thousands from
them, when be must have known tha
such was not the case. So incensed Eer'
the rest Of the directors Of the bank a
this operation, which vas in direct viola
ton Of the oath be had Iaken to subsery'
the interests OF the bank, that they re
questsi his resignation all Of which
vas untrue, a aPpears nov from Mr.
Laughlin's own card, in which he says
$50 lar as kuoE, no representations o
any kind we're made when the loan va
made, and in Ehich he further says, tina
a resolution asking my resignation, wa
laid on the table, And as also appear
from the LSadErg acknowledgement 0
Sunday, that Il vas misinfOrmed and mis-
led as TO its statements, and goes on to say
I'VE regret exceedingly that We have beef
the means Of incorporating, to h'
slightest extent, two gentlemen who hav'
always stood high in business circles here
but our information vas from head guar
ters.7 Why then Mr.. Samuel laughing
haste to Manufacture pubic opiaiOa, BY state
menls he knew to Be false at the time
The inference is irresistible, there va
malice TO crafty, and in the accomplish
ment Of it a perversion Of the truth seem
ed necessary; and the truth was perverted
accordingly,
regret having stated that was in
formed that Mr.. Laughlin was the mover
and only supporter Of a resolution asking
my resignation, il it be not true but
did il upon What seemed undoubied an
thority. That, however, does not change
the issue a particle the resolution, By
whomsoever offered, did not pass the
Board, and, therefore, the statement thai
it did was untrue.
Mr.. Laughlin is unfortunate in trust
ing TO his memory, which had before
proved so treacherous, in further state
menis Of the affairs Of the Glass Company
Our first years "slalement' did show 4
loss Of 1882 10, and the second years
statement a profit OF s5,407 % for that
year, not a deficit Of $1,000, as stated in
Mr.. Laughlin's card, and it was after this
statement that the loan was obtained from
the Exchange Bank, when the second
years business had been profitable, and
We we're encouraged to hope for contin'
ued prosperity, and justified in that hope
BY the fact that all the Pittsburgh fac
tories had been out Of Gre, in consequence
Of tho long-Continued "strike" there, and
that labor had been largely reduced, and
materials declining.
solemnly aver, that never was
transaction made in more perfect good
faith to the bank, and that there was
nothing in the then condition Of our
affairs to suggest apprehensionS to any
oius, but just the contrary.
Subsequent misiortunes, such "a q con.
tinuous decline in the price Of glass, and
the return Of protested bills, to say moth
ing Of the loss Of pots, compelled Us
finally to succumb, a. heretofore stated
and for these misfortunes, however un'
ayoidable, there seem to be those who
would hold me personally accountable
andeven impugn my integrity. COnsciou,
Of nv Eeciitude throughout am satisfied
to leave the matter with the public.
f. W. PAXTON.
Wheeling, September G, 1875.