Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1884-08-28

this investigation, but the committee has |
received no evidence of any payment bav-
ing been made upon it. The SD, 900 note |
Of Governor Cameron was originally |
the note of W. f. Cameron and A. w.
Jones, but is recognized by Governor |
Cameron as his debt. II is signili-
cant fact and one which has not beel eN-
planned to the satisfaction of the con- mittee
that the above named persons who were
permitted in the extraordinary manner
stated, to overdraw their accounts and to
receive enormous loans from the bank with
out any security, were read ulster coalition
lists, except Edward Whyte aud he is a
brother Of the readjuster cashier.
". The committee find that the only Sc.
curity which the Commonwealth has now
for the above deposits is II bond of n4cmnl-
ty, executed by the bank, and several sure
ties, on the 18th December 1882. twill be
seen that The State had prior to that time
$4,000 deposited in the bank, of which
500 600 had been deposited as far hack as
the Goth day of September 1852, ard $4,000
December =, 1882. This bond is SO drawn
as to cover moneys already at lis date de-
posted in the bank, though executed after
The deposits We're made.
This by no means satisfies the express
mandate Of the law, which requires that
the Governor shall, before any deposit is
| made, require bond to be executed with
sufficient security in penalty sufficient to
| cover the amount of public money to he
deposited.
The Governor is under the impression
that one or two bonds were executed by
the bank before the deposits were made
| in the bank one OF which, he thinks, was i'll
the penalty Of 600, and that any such
bond was surrendered to the bank at the
time the bond of the 2Sth Of December, 1882,
was accepted and approved by him.
| From the evidence before the committee
We. are not satisfied that the Governors i'm
preston as TO The history of this transaction
is correct; but the committee is at a loss to
decide which is more culpable, to have fail
ed to require a bond Of indemnity before the
deposit of any money Of the State or to have
surrendered or cancelled bond executed
| for money which remained at the time of
| the surrender in the bank, and which now
remains due the Commonwealth, and
which will probably prove loss to the
ex' eat of fifty per cent. or more of the same.
The committee is clearly Of tho opinion
that If such bond existed, and was surren-
dered by the Governor, his action would be
ultra rircs, and that the State still has the
| right of action upon such hOnd or bonds.
The bond now III possession Of the Treas
urer will prove almost wholly unavailable
to the Commonwealth as \ security for the
large amount of public funds upon which
the hank has dcMulted. SO far as the com
mttee has asccrtained from the evidence OF
witnesses most convcrsant with the facts, it
is not likely that more than 80, 600 will
ever be realized upon this bond. divi.
dend of forty or fifty per cent. may he paid
to depositors out Of the assets OF the bank.
The committee have been unable to ascertain
with any certainty what the facts we're as To the
execution surrender of any bond other than that
of the 2Sth of December, 1852, and they deem
thi, Il matter of su cicnt Importance TO Justify
further inquiry upon that subject.
Responding to the fifth inquiry, the committee
have not ascrrtaincd that any person is liable to
criminal prosecution for the fraudulent CONVEX
sim of the states money deposited in the bank ::
| and the committee desires further time for tie
consideration of tho legislation necessary In meet
currrrncics Of This character rs hrcci,d 10y the
-v,h clause of the resolution adopted hv the
House
In conclusion. the committee deems II prcper TO
state that their investigation OF the affairs OF bis
bank demonstrates that it was conducted with,
reckless disregard of the interests and rights OF
the State and of the other dcpositorS o The bank
that its funds seem tn have been placed N the dis
posal of cntcric of political lyGaffTts XcpasG rs
1-I.u.d to consum" the IL security or with mad
= cpuate serurity-;' M in the coudnct OF its
4 affairs its managers present an example Of shame
less prnlgacy, which deserves and should re-
, ccivc he unqualified cOndcmua' ion OF the repre-
! scntativrs of the people.
The committee feel that their duty wonld moi
T. br discharged did they fail to express their earn
!, est Misrepresentation of the dealings of the Chic
[ Executive of the Commonwealth with this bank
f first. in taking bond insufficient in amount fl.
the protection of the State, If his impressions ARE
correct, or if he is mistaken in his i'm arcSsinns IN
> taking no bond for months after the money WAS
deposited and in accepting large favnrs from tn.
bank borrowing large sums upon security ofdouht-
nl or speculative value and hnally when the bank
almost cocrced to close its doors by reason Of the
recklessness and dishonesty which had charactcr-
lied its management. III transferring $1,000
from depository which WAS undoubtedly sol
vent one, upon the solicitation of party associate
and an officer of the bank in order to relieve tn"
, embarrassment
. II. R. POLLARD tChairmanl.
J. c. GIBSON,
| j. S. KELLY,
L. s. CR0CkETT,
L. r NORIIN,
j. B. LEFTWICH
GEORGE f. GRATTAN,
THOMAS 4. CHAPMAN,
T. j.. EVANS
DAVID MEADE,
WILLIAM A. ANDERSON.
The Republican fight at Petersburg.
Both factions of the republican party Of
Petersburg held mass meetings last night
The Brady wing occupied the Academy Of
Music with crowd Of some 800 and elect
ed Brady delegation to Fridays conven-
ton. The chairman and the secretary were
federal officials, and the principal speech
was made by Gen. Stith Boiling, postmas-
ter. The disorders OF Monday nights
/ noel inn were dannunned as q lisnrare La