Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1879-03-19

THE MYSTERIOUS S2OOD .NOTE En-
IIiIfED.


PORTLAND. March Is. The Argus will
! publish "Wednesday mornin. Il report of Bank
Examiner litcomb to the Governor, respect
ing the Dexter Savings Bank.
He thanks the bank officers for their cour-
tcsy, and says he has gone over Barron's
books thoroughly from ls77 to his death
finding them in fair condition, with very few
errors.
He discusses the two thousand dollar item
at length, and conclude. Whatever NAV
have been the Dbjcc; of thi- som, hat crook
ed process by which this transaction is rep
resented upon the hooks, the substantial re
sultant fact is that Mr.. Barron did put his
note for $1,000 without any equivalent into
the bank; that it wa Subsequently paid that
the bank las got the money. and that in tie.
end the transaction is correctly represented
upon these booke
Since the foregoing part Of this report was
written nav" seen the statement Of the
trustees. but ind nothing in their account Of
the matter 10 change the opinion have al
ready expressed. They seem persistcntlv to
ignore any connection between thee $1,000
entries and Mr. Barron'S note. But the CON
, ncction is too plain to be- set aside. The fig
. urcs mean this and nothing else They Ger
tainly do not cover up any dcfalcation. If
there was any ,uch before il is there now
These figures do not hide it,
II this view is correct he limitations in
their statement that the bank was made To
appear "32o6o better than its actual stand
ing that this $4,000 was born Of nothing
and is pure fiction; tina, it was a scheme
for bo.tcrins up the condition of the bank
by fictitous! raising the assets; and that al!
his difficulties center around this exact sum
OF $1,000 from July I'd To November 18th.
would seem to be uncallcd for.
II Che bank vas represented $1,000 better
than 1t was before. il was because it was
made 50 by Mr. Barrun's note: if it wa.
"bol.tcrcd up" it was bo-tcred by Mr.. Bar
ron's note. The $1,000 was not "horn Of
nothing but Of this came note lawful na-
rentage, since if it was not born in wcdlocl.
it was afterwards acknowledged and adopted.
would not recommend Mr.. Barron's mode
OF treating this matter upon the books to
youthful aspirants after excellence in book
keeping. do not justify it. Whether it
is in good taste for those who have the none,
in their vaults to criticise too severely the
mode Of its getting there, will not under
take to decide"
lie then gives long statement Of other
and outside transactions. which he sums M
thus
1T will be perceived that the trustees in
their statement have added the S505 halanc.
of safe account with which Mr. Barron la.
already charged himself as treasurer to the
S122. II, the balance Of the days work Feb.
22d, instead Of .uh>trncting it, maknga diff
ference OF sl.0l0 and thereby with the fail
urc to credit him ANYTHING on the u. W y. -"
account making him a detautcrt to the amount
of Sl,2n3. SO. This cannot be correct. He
has already once charged himself rs treasur-
er with this S505, and it cannot be charged
again. Moreover when he did 80, hc created
fund under the designation safe" available
to discharge the very liability he had
created"
he thinks the dedication theory hinged on
this: That the trustees honestly entertained
TIL, error AMI then finding the mystery
about $1,000 moth, started the story
Tie say President bradbury saw 4 bond in
the bank drawer February DIST, which was
evidently the one the trustees refer to as
missing.
Lastly, he finds that on settlement Barron
owned the bank twenty-onc dollars and four
cents, which hi. salary would more than pay
and he thinks the ISOLATION OF the question Il,
to his death must be looked for in other di-
rections than in the state of his accounts.
MAINE NEWN RI TEIEERipIi