Evening star. [volume] (Washington, D.C.) 1854-1972, 1876-04-24

had in our bank $3.50 600 currency SKIES aud
other bonds amounting altogether 10 over
sSoO.oOO. To meet the run made upon us we
had TO sell our bonds. The trustees met
every two or three days and authoTi Zei the
executive Officers of the bank, the president
Win his actuary. 10 sell the bonds, SiO0. 600
or so at time. The president went 10 New
YORK. to sell some OF the bonds. and 10 seems
that without any authority whatever Mr..
!Stlckney sent Mr.. Boyle TO Baltimore 10 sell
some OF the bonds This / have only got
from our inspector, Mr.. Sperry. It was hard
10 sell these bonds, because they were OF
thousand dollars denomination. II they had
been slOO bonds we could have sold them
readily. Afterward my father asked me
10 regard 10 loan To Boyle and 1 toll
nun that We mad never made any such loan.
On INQUIRY into II / found that Suckney.
even when we were in such state In
the bank that we had sold every bond
except $500, simply on the pfeteXt that
Boyle had done the bank good service,
loaned him S2l,G0 on which we had no
security. On the strength of that callei
the trustees together for the purpose OF ask
ing Them TO remove Mr.. Stickney from the
trusteeshIp which he acquired under the law
OF 1870. then mentioned the matter and
Mr Leopold contradicted my statement that
Stfckney had loaned the money in tine way
nave mentioned, but he made this extra
orClDaTy statement, that BOYLE had sold
nonas Tor the bank at different times, and
tbat every time he bad retained some OF the
money; so that in the aggregate he owed TIE
oHnK the amount OF S2I 600, aud that then
10 cover the transaction, Stickney took this
note from him, but put it In the shape OF
loan. BOYLE had never rendered auy account
10 the bank of the amount OF bonds that
were put into his hands by Stickney. or
that transaction, however, none of the bank
knowledge.
Q. This note of BoyIe's according TO Mr..
Ieipold's statement, was given by Boy lie 10
the baDk2 A. Yes.
q. And Stickney took security on a house
and lot? A. L believe he afterward got
security on a whole row of unfinished houses
which houses were Incumbered by various
kinds OF liens, and which houses have been
sold since and purchased by Mr.. Stickney.
The bank never realized a dollar out OF that
Sd O00 loan, and never will.
q. Was there not another loan made on
the representation OF Mr.. Alexander r.
Shepherd? A. II appears in The report of
The Commissioners that Mr.. Vandenburgh
OWES a large amount. These loans never
came directly before the board OF trustees
or ut least very few OF them did. The actu-
airy. in reading his report TO the board,
would say: City securities manning the
CLASSY, so much invested Some members of
me city finance committee, including Moses
Kelly, the sinking fund commissioner, were
very earnest in the defence of these securi-
ues' was very much opposed 10 il, as /
wa, was opposed to everything connected with
at my mousse and talking with me one day:
be said that he had never done a wrong
Thing In the bank except letting Vanden-
Iurgh nave large sum OF money one night.
| asked him how much. | think he said
$4,000 That perfectly aStonished me, so
went into' him and questioned him very
closely, thinking that / would have occa-
sion TO recollect IL and use IL. He said that
NandeL burgh came TO him wanting some
money 10 pay of his hands that night. and
that Shepherd said that "Vandenburgh's &C
counts are approved. This was on Satur-
day nlght.) Twill pay You on Monday if you
let him have the money" Stickney said he
would let him have the money, and he did
let him have il. Afterward he went day
after day, to see Mr.. Shepherd, and could
not see him. When he did see him Shep-
herd was more fOrcible than polite, and told
BIN that he was in a d-n hurry TO get that
money. subsequently Shepherd said To him,
Of you do business in that kind OF loose
way you are a ID fool" and that time he
told the truth. This is what Mr. SIickney
says about the matter, and presume he is
10 be believed on that point.