Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1892-06-24
TO Mr.. II. Il. Spindle.

~ AAAs - -@N ~E---
In orr issue of last week We published
part of an open letter to the public
from II. II. Spindle, one Of the firm Of
Roscnberger, Shirley & Co., in which Mr.
Spindle, with an almost unlimited display
of cheek and gall, attempts to defend bis
course in defrauding bis friends end The
public generally who trustngly put theiT
money in the keeping of himself and his
banking partners.
Ia reply to Mr. Spindle the following
truthful and scathing letter has appeared
in the Wa1renton Iad,r
SIR Your lengthy communication to
the pr5dc IN the last IHdcr affords me an
opportunity to open your eyes and those
of your confederates in the delunct sank
ing concerns, to the knowledge of the
universal opini, held by the public re-
garding you.
Common sense and very small amount
of Judgment, to say nothing OF proper
shame. should have prevented any such
language as you have addressed to your
injured, robbed and indignant country
men.
What was your object in pern'ng this
rambling and utterly useless statement l
cannot comprehend you favor us WIN a
ouantity of platitudes--and 80 called eN-
planations-whichi in no wise touch any
one of the main points OF your position.
WHY have You said in your ith paragraph
that you regarded 1t as bona Idle trans,
action" to-Wit, presume, the sale Of
chat Won are pleased to call yonr interest
in the Bank to young ROst nberger Can
,on snppose we believe this do you
fancy Us idiots enough to believe You ig-
norant that the Bank was irretIievas ~
BANKRUPT at the time you and your friends
made the sale referred to, or that. was n
Won took your portion of the sl2 GOO you
really imagined that c. w. Rosenberge'
bad any means of procuring your mon y
save one-namely, using deposits as they
came into the Bank
No, sir, you knew perfectly well that We
must be. and were robbed of our deposits
in order that you should get your share Oh
the plumber
You refer to "those who refuse to be-
Iieye that failure ana frand ale synony
nous" and inierchangeable terms there
mag be uuthinking men who hold such an
unbnsiness-like opinion, bnt the majority
of men do distinguish between honorable
failure in business, due to losses IN tie
course Of legitimate trading, ard Smash
caused by wildcat speculation, eAtraVa-
can't private expenditure, and the pro
cnring of funds by a bogus sale OF part
ner's interest at an outrageous price IN a
wretched little concern already utterly
fundamentally never had any life, Oh
anv past. present or future In 1t. II you
are honest in saying that yol had once
formed righteous determination TO de-
vote vour life to a sturdy ettJIt to make
fnll reparatior for the losses you have
canned to he public, you cannot have
uuch difficulty in proving your sincerity
Inv acts: for myself, | decline to believe
i'm all verbiage which reads like ouncomDe
but | accept acts to prove honesty ana re-
pentance.
How can you allow yoursefto say IN thu
9Th paragraph "lhey CHE public) will ye
believe that their loss did not innTe t
nv advantage. What. your SI,OU'
squeezed out Of unfortunate depositor
aid not inure to your advantage. Are VI
really such brain,oss fools as to acce9
that nonsense
1t sits very badly upon you or any on,
of your confederacy to speak IN the maud
I'm. whining, Pecksniiian sly L. which run
through YOUR whole effus0n; you pre-
tend TO be a martyr, a misunderstood am
sorely tried Christian, and yet You speal
abont an expialion for mistakes you hay
made The deliberate opinion of the pnb
lie is that what vOu cOolly characterlZ
as mistakes were planned frauds, tha
vonr precious Banking concern was 10
Gated here, not for legitimate and hon
orable business. but in order tat you an
vour associates might obtain footing q
respect and trust, with the fixed deiermi
, nation to drain from US, as soon as oT
portunity offered, large amount OF none
for Your own private purposes, unde
T cover of a tax law, which no douOt 20
had satisfied yourselves would aiiOr
much latitude to dishonest Bankers an
of which You have ayailed yourself in tn
7 fullest manner.
e II may keep you to an accurate con
prehenslon Of your real place IN the .sU
nation of the people. TO inform you, th'
I at Leesburg, on the sudden stoppage
the trial on purely technical ground
there were many threats made whlC
might have resulted in tar and feathe
for YOU five defendants, had not you lie
Leesburg by an early train.
n Further it was ascertained that the Jal
~ had decided upon ten years penal ser'
tude as the fit punishment for you, up'
the merits of the case had they been
. lowed to decide the case This IS the a
j.. ual state OF public feeling in regard
all of you.
II is useless and it Is ill-adyised on 20
( part to try to work mp hystcrlcal syl
e pathy for the families who have been
innocently disgraced by yenr actions, y
should have thought of all of that, al
Il of the consequences as well, before 6
= tering upon a career Of dshonorable de-
ing which has damaged ard distressed I
PC wives and children of hundreds fro
whom you have in the estimation OF eve
y honest man, stolen the savings OF ye'
as under the pre.ence of doing legitlm'