When was it published?

May 9, 1840 in The Camden Journal

Domestic News May 9, 1840

The Camden Journal

Q: What sub-type of article is it?

Crime, Legal Or Court, Economic

Q: What entities or persons were involved?

B. W. Mallory, Danney, B. W. Green, Cashier

Q: What keywords are associated?

Virginia Bank Fraud, Embezzlement, Acquittal, Bank Negligence, Cashier Error

Camden, Kershaw County, South Carolina

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What is this article about?

B. W. Mallory acquitted of participating in Danney's embezzlement of Bank of Virginia funds. B. W. Green charged with aiding Danney. Cashier's testimony reveals gross negligence, including a $10,000 credit error in 1838 undiscovered until March 1839. Calls for thorough investigation like the Manhattan Bank's.

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Full Text

THE VIRGINIA BANK FRAUD.-B. W. MALLORY, charged with being a participant with Danney, in the embezzlement of the funds of the Bank of Virginia, has been acquitted. From the examination of the Cashier in the case against B. W. Green, also charged with aiding and abetting Danney, we have scarcely ever known, in the management of the most important business, such utter and gross carelessness. The Cashier states among a number of cases, of error "one instance of Ten Thousand Dollars, in which the Bank gave credit to an individual for that amount in the year 1838, and it was not discovered till March 1839." With such acknowledged instances of total negligence, or incapacity for discharging the duties of their office by the managers of this institution, what discoveries might we not expect, if its affairs were subjected to as rigid a scrutiny, as was the Manhattan Bank a short time since. The case demands the most searching investigation.

What sub-type of article is it?

Crime Legal Or Court Economic

What keywords are associated?

Virginia Bank Fraud Embezzlement Acquittal Bank Negligence Cashier Error

What entities or persons were involved?

B. W. Mallory Danney B. W. Green Cashier

Where did it happen?

Virginia

Domestic News Details

Primary Location

Virginia

Key Persons

B. W. Mallory Danney B. W. Green Cashier

Outcome

b. w. mallory acquitted; b. w. green charged; examples of bank errors including $10,000 credit in 1838 discovered march 1839

Event Details

B. W. Mallory charged with participating in Danney's embezzlement of Bank of Virginia funds but acquitted. In case against B. W. Green for aiding Danney, Cashier's examination reveals gross carelessness in bank management, with specific error of crediting $10,000 to an individual in 1838 undiscovered until March 1839. Commentary on negligence and call for rigid scrutiny like Manhattan Bank.