The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-09-20
To the Editor Of the Whiq:


In your local column Of sunday last the
following item appears:
AssIGNED.-Nr. Thomas ". boswell SATURDAY.
nace al assgu reEt OF all of hi- property for the
benefit Of his creditors. he was involved In the
recent bank suspension here. The deed mentions
ne me property In the country kauwn Ball
neid-, and his Interests In that corner of Fourth
and Broad streets. II no doubt embraces his hue
stud Of renowned hCrses.r
This Is I gross error, ~ mere reading Of
the deed 0f trust referred 10. made three
years ago. would have shown. But since
your publication has gone 10 the world.
and, doubtless unintontionally, done me
harm, think il due % myself 10 make the
following statement Oi the facts in relation
10 the deed Oi trust referred to bv you,
(Which has nothing whatever 70 do with the
suspension Of the Richmond Banking and
Insurance Company and also of my con-
nectiOn D. a director in that institution.
And first d 20 the deed. Many wears ago.
by reason of having become surety on an
administration bond for an old and valued
friend. had 10 pay about $500. To re-
imburse NE for this loss became entitled
10 receive the rents II some valuli a real
estate on Broad street, in thi, city, in which
this friend had q lie estate. and his chill
dren in reyersion or remainder. One II
the children having died, found it 10 my
interest 10 purchase his share % this real
estate and TO do this and pay the loss
had incurred A. surety, needed $1,000.
This | borrowed from the Richmond
Banking and Insurance Company, and
% secure il most amply. / gave
a deed q trust on the property puT-
chased, together with my farm Bull
field Ia Hanover. although good judges
say the property in Richmond alone Is
r0,- worth The amount * the ioac. It wa
distinctly understood AZ tie time til, deed
was made that l. should not bc put on re-
cord. and this wa, never done until >atur-
lay la,t, under The following circuU-
Stances: A. soon n heard o, the >u-pcn-
sion II the ba~k. which was the greatest
surprise 70 ME, fastened 70 Richmond,
and learning that Mr. Charles +. Whtlock
was the trustee o. il, assets | told him OF
/ fhi. debt. and that was ready 70 pay il Of
at any time Il il would benefit the bank OF
/ IT, dcp0.itors. lie laid he had not been
then able to look into the affairs OF
the bank. but would do %. / then
/ songht my general counsel. and advised
with them a 70 the propriety OF antlci'
pating and paying of at once thi, debt
/ thus secured. which was not yet due: and
/ I was advised 10 do nothing about the mat
ter that dav. bat to call and see then
/ Wednesday the 20th instant, when they
would return % the city. and advise ne
more fully about If. In the mean time Mr
\ Whitlock. doubtless not knowing Of TN
t-rie .r1tu- Il Affairs. and with character
i,-ic business promptne>s, had the dec
rrt on record. and thu, innoceutly Occa
stoned YOUR unfortunate reference u !
ond nv affairs. which. l. before stated. Ia
done me- harm. and caused great deal
entirely unnecessary apprehension I'D tA
mind. II my friends in and outot the state
And now few words D. 20 my connee
ton with the Richmond Banking and In
surlrce Company. seven year ago | r.
moved from Richmond 70 my farm " BuA
ffeld - i'm Hanover. At the time III her
7 Va. . director I'm tie First National m
.I-nion Bank, aud the Richmond Bankln
md Insurance Company, and hAd Dee
.ince they were first Or-anlzed.
Af-.r INV removal from the city. 'lnpI
t.c,r.e I knew would not hc IN po~
ti,n m keen pace with the routine cou.'
- tu.fna-. in the banks and city, l u ke
n. nre.ident, 81 all three Il these in>tlt'
TON. 10 drou nv name from the dlrectoTle
,rli.b request ] intended aud desire
should be treated u resignation.
nre.idsnt Of the First National and mo
R,nks did A. I had requested. ihGln
nat the nre,ident If the Banking dnd Il
= .Trance Company had failed 10 do 30
INV first application, again renewed u y
rraue,t. snd he promised TO have m! Iln
d-dDned ~ before stated, | made the I
0re.ts in both Instances simply ior u
reasons above given. with the fulLe.1 con
' dsrce n All times in the institutions
Ta. mot advised Of, and was not IN conc
tion 10 know Of. the indebtedness ol u
nresident TO the Banking ana lh'ulal
. Tompanv. and no one could have De-
NOR a.toni,hed than | was thai ne o"
- ", cent n the time of the bank : ialiure.
/ have owned from IL foundation ~
. .,in own. dfty shares Of the capiia' 100 a
49,. hank. and a. the best evidence III
I, conld b. given Of my confidence 1T H. ~
y j,norance ,11 Of its true condition, VIII Ia Ia
< t5st have deposited there since Ihe - -
: Anoust last. over 3. 500. on when cuec
cd from time to time a | needed ihohef' ;
the day | learned Of the suspension; !. i
1T |.r rIcerdingly the necessity Whlch
! anssd ma, 70 make this statement, ou,
eaeroed 10 me that the mistaken ana uhi'
: trnate term, Of your notice dehiAhueu !"
D in.tice 10 myself and friends.
y Very respectfully, -. r,.-,,,,,
Richmond, September -, leSZ'