Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1884-08-28

there bad been no checks drawn on the
bank. The language OF the bond Is " for
safe keeping and prompt payment" No
checks had been made, a. we had no use
for the money up 10 that time. Therefore,
not knowing what effect the taking Of two
bonds from the bank would have, whether
one would release the other or not, re-
CURED them to give me bond covering
The whole amount OF the deposit, which,
when received and approved, ordered the
S5o.000 to be sent TO them. and cancelled
the old bond. / am unable to say from
recollection whether the Treasurer returned
the bond to the bank; or, il so, whether
they kept II or whether they DESTROYED IL;
or Wheeler II was mislaid in the Office OF
The Treasurer. My impression IL that IL
| was returned 10 the bank and they destroyed
| It, but OF thai, OF course, have no know
ledge.
Q. DO you remember, Governor, the
amount Of the first bondl
A. do not. know /. was smaller than
the second. perhaps $4,000; / could not
say positively.
Q. Were there more than two bonds ex-
| ecuted?
A. By that bankf
Q. Yes, sir.
A. think not; have no recollection OF
that. There may have been, but OF that |
| have no recollection.
q. The bond now on file In the Trea.u-
rer's Office was dated 2Sth Of December,
| 1882.
a. Qntcrrupting). Well. have no re-
| collection of the exact time.
| Q. (Contiruine.) Was there any bond
| given between that date and the 20.h OF
September, the date OF the first bond men,
| tionedi
A. You mean any bond between the first
bond they gave and this bond?
! z. Yes. sir.
4. expect not. expect that an inter.
val elapsed while they were making up the
bond. and the old bond was retained until
| the new one was sent. There was delay
| in the bond, think, from the absence Of
somebody from town; but I am certain
that no original deposit was made in any
bank without first requiring bond to be
delivered.
q. Do YOU remember whether The bank
rendered any bond which, by reason OF
some informally in its execution, was re.
! iectcd?
A. was going TO say that had q faint
recollection that there was some point Of
! law raised in regard 10 tiat, but keeping
no memoranda of these transactions. lcaY-
| ing that 10 the Treasurcr's office. | have
nothing BIT my memory to trace it up;
/ but there was question OF law raised
whether when there was cumulative bond
! il was best 10 take a bond releasing the old
one, and remember consulting counsel on
that point, and II was thought best 10 sur
render the old bond and tike a new one.
and 80 avoid any question as 10 whether a
cumulative bond carried with it or de-
stroyed bond given before. But whether
the question wGS raised in regard to thi.
bank or some other | cannot say.
BY Colonel Evans: q. As | understand
1t thif is the exact point asked just then,
Was any bond ever rendered by the Plant
ers and Mechanics Il nk prior to the 2Sth
Of December. 1882, which was rejected by
the State authorities "a defecriye in form or
substance, and so was returned and this
bond required TO be giyenT
A. cannot remember. had some such
impression, and tried TO fix my mind upon
il, but could not. Nv cores spondcnce
shows nothing to that effect. | know that
the Bank OF Petersburg sent a bond that
was not sufficient, and returned It.
By Mr.. Anderson q. II there Is any
further statement you would like TO make
! in that connection, please do so.
A. am satisfied that persons could he
found with an accurate recollection on this
subject For instance, Mr.. Taylor, who was
| the first clerk in the TreasuTer's office,
should remember. unless the multitude o,
| such transactions would obliterale il. OF
course there is no one in the Treasurer's
Office now who would remember such
transactions. would like to add that as
far as any knowledge in my possession
would throw any light upon this subject
would be very glad to furnish il.
Q. The committee have ascertained that
there is among the assets Of the Planters
and Mechanics Bank note Of yours, en-
dorsed by a. ". Jones, for S25, 900, secured
also by deposit as collateral OF S50,0OC
first mortgage bonds OF the Southern
Telegraph Company. The expert. Mir
J. Gray hcCandlsh. who has beer
employed in writing up ;Ae books OF til,
, bank. and one OF the trustees Of the bank
Mr.. Gillian. were unable TO ascertain from
the books OF the bank that any interest OF
discount had been paid by you upon thai
transaction prior 10 Nay 10, 1881. The
committee will he very glad to have an,
statement that you may desire TO make ia
regard to that m1tter.
A. ! desire to say that on the terms oi
the original loan on the 9Th January, 1894
q check for 81 $50 on the Planter, Nationa
Bank Of this city in favor Of the First Na
tionaI Bank OF this city, and taking up 4
draft Of that amount from the Planter. and
Mechanics Bank OF Petersburg, was given
and was paid: that this covered the whole
amount OF interest TO that date due: that
have the check and have the draft. and
have the original entry on my cheek-boob
that il was for that purpose. And con
trary to the statement Of the trustee the en-
try is on the books OF the bank, on hi,
statement TO me since he made that state
ment before the committee. In Other
words, he came 10 see me, and after
found the check and draft he went home
and found the entry. After that, up to
March 18th the interest was paid in money
for the next renewal, and from that date "a
when the note becomes due in October
next. | gave my note for $500 for the in
tercst. which the trustees accepted. winch
covers the entire interest due on that trans
action.
IIr. Anderson: II is propertha | should
say that ! have been informed that Nr
Gillian had corrected his original statement
by stating that he had learned through you
that you had paid 1850 OF the interest by
check, as now stated by you. did not hear
his corrected statement, and bad not had
an opportunity TO read it,, ard did moi
know that he had found on further investi
cation tha! the books showed the transac'
ton.
A. wish 10 add, gentlemen, that the
reason no discount was made on that BOtS
at first perhaps may seem necessary 10 b'
explained No dollar Of this $4,000 wont
into the possession OF Mr. Jones or myself
We needed S25,000 in round numbers, NJ
more and no less, TO furnish the contractor
OF thi. Southern Telegraph line, which wa
then building from Danville south, and
under the terms we had to furnish then
S23. eco for each hundred miles and a. thI
coupons were payable IN November, told
Mr.. WHITE II II would be agreeable TO hin
we would take the whole amount OF tho
note and pay him the interest then. and h'
afterwards made the interest up TO the 5tl
OF January, and | settled IT. This money
was for no private purpose, simply tC
furnish the contractors.
Q. The books OF the state Treasurer
show, as stated by him, that a deposit o
go, 900 was made in the Planters and Me
chanics Bank, in Petersburg, upon you
order. on the Sth day OF April last; tia
three DAYS prior TO that date like amount
had been drawn out OF that bank. Th'
committee would be glad 10 have state
ment from you upon that subject.
A. cannot OF course specify the dates
Mr.. Barksdale can do that from hr
books After the commencement OF th'
! hoxry oxnaulitura. anncantsnt tIpon thj