Only one was found insolvent, a bank at Pawtucket on the
Rhode Island line. The cashier, named Tillinghast, had been persuaded
by a man named Marchant, of Rhode Island, to loan money without the
knowledge of the officers of the bank. The loan, at the time of the
discovery, amounted to sixty thousand dollars.
Upon the examination it appeared that there was a slight surplus of
funds over the amount required by the statement. We insisted upon
another examination. The cashier then reduced the balance by the
statement that certain notes sent forward for collection had been
discounted. It was impossible, however, to make the two sides of the
account equal each other. At the end of the second day the cashier
confessed the crime, and transferred his private property to the bank.
Marchant did nothing. He came to the Rhode Island edge of the bridge,
where we had some consultations with him, but without any result
advantageous to the bank.
In 1847 I was a member of a joint committee to investigate the subject
of insanity in the State, and to visit asylums in other States, the
object being the erection of a second hospital for the care and
treatment of the insane. At the time the only asylum under the control
of the State was that at Worcester. There was a second at Somerville
for the treatment of private patients.
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