The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-03-16
The Last Exposure in Gotham.

! 4
The Last Exposure in Gotham.
The development of the dishonest ad.
miuistration of the Bank of the State of
J, New York Is the latest exposure In the lit
ing of the veil by the hand of time from the
financial scoundrelisms Of New York. The
Tice-president owes the bank $3.50, 600, and
oyer.drafts to the tune Of $4,000 have
been permitted Occurred by patents In At
triton Experimentation Is "Sood").
These, with other irregularities so called,
and the loss of about half the capital OF tue
bsnk. The old story over again. Very
wise economists sag it was looked for, and
that irrepressiole JoKS THOMPSON says that
1t won't "strike disastrously " except those
"who kept their accounts there" Very
sharp in THOMPSON. Financially accurate
but morally little "short." The event is
smother added to the startling exposures of
the un,rustwor.hiness Of man. He errs far
TOO often for public safety, and he errs under
circumstances that are remsrkable. Here isa
bank with a great name and capital Of
capital of all the banks Of Richmond
and in the hands Of great financiers. The
public put faith in it, and, what is worse.
PIT money into it; and it is suddenly dis
covered that the famed officers are stealing,
ard conpiving at the stealing of others.
Although standing in the relation of custo.
dams of the property of the stockholders,
the guardians Of their money and the money
OF the public, they are engaged in using 1t
for their own benefit, and combining with
outsiders TO imperl and plumber that which
they are employed to protect. Morally, the
offence Of the burglar is light in comparison
with tac double crime of thief and traitor.
We have no impression that any disturb
asce beyond slight ripple will follow this
New York explosion. New York explodes
too often to astonish people much at any
burst-up Involving less than bakers dozen
OF millions that may take place there.
This little thieviDg of few hundred thou
sands will be considered with contempt eX-
cept, as THOMPSON says, by those who de-
posted money with the rogues, or, as we
say, by few moraIists who may consider
the event in its bearing on public character.
1, may, indeed, be set down as q small affair.
But let us not forget that it is from this
headquarters of fipancial iufidelity that the
hue-and-cry for g resumption" comes. "Rs-
sumption forthwith, if not sooner" is the
rigid demand o. the community in whose
midst has been perpetrated a greater number
L. 4, q,
and ruin than in all the Union besides.
Has there not been shaving upon colale-
rails that were forced to sale at rates rulnous
to their owners, swndling, cornering."
stock-watering, stock and gold-gambling,
and combinations of two or more to pluck
one or many, and often whole communities?
The cuImination Of huge New York
scheme for plumber has often shaken the
Union financially to its very foundations.
And yet this is the powerful and guilty
community which seeks to broil the nation
on the immedate.resumption" gridron
for crimes that are their own. Behold the
national prosecutor. Is it fitting?
Even now, in the midst of cur troubles,
by a strange concurrence Of national law
with the punderiDg interests of the plum.
derers in New York, we behold the import
ers-as good citizens as any others-com-
PEELED to pay their debts to the Government
In gold and silver, thrown as it were into
the amphitb, atre to fight with the beasts OF
prey to obtain it. This keeps up the gold
premium, and continues that panic amidst
which resumption cannot take place.
And still the cry is pressure, pressure.
There is no trade-no occupaton-peope|
can't pay, and the burglars and the bank
officers 60 on robbing the banks. There
Reeds reform. The present uncertainty is
forcing {" contraction," is Gripping the ma
tional energies and commerce, and spreading
decentralization. There is prostra,ion Of
business and q dependency apparent to all
men,, and these are due to the unwise admin.
istration OF our national affairs. The poor
South has reached the hard pan. Not much
worse can come TO her, but the houriShing
North is now the heavy sufferer, and unless
there be a change soon she must 60 on in
the way Of suffering to degree she little
dreams of.
During this terrible national ordeal the
loudest cry is Resumption" land "suspen.
sion" is amongst the least Of present national
evils. The utterers of this hue-and-cry add
their ribald sneers at the best money the
country ever had. Thus far these ''grad-
grinds" have kept the weight upon the
country, while they have continued to profit
by her distresses. Indeed,
1.-THE thieves have bound the true men,