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The Comptroller Of The Currency

The Comptroller Of The Currency image
Parent Issue
Day
8
Month
May
Year
1890
Copyright
Public Domain
OCR Text

Incidents in the lives of prominent persons who have reached high positions aiuong the talented men of the world are generally interesting to all classes of readers. Especially is this the case when the individual in question is a friend and neighbor, an acquaintance, or even the resident of a place not far distant. As Hon. E. S. Lacey has attained a national reputation, the result of indomitable energy and perseverence, we may be exoused for republishing the followingfrom theCharlotle Republicau of April 27, 1877. The item is taken from an extended sketch of the business interests which the writer was then publishing. Probably Mr. L. does not have time now to indulge in so many carefully weighed words with his slow creditors as he did twenty years ago with so much success : Messrs. Musgrave and Lacey were the flrst to establish a banking business ia Charlotte. It was organizad in 1862, and for nine years was carried on as a private bank. It was re organized iu 1871, as the First National Baak of Charlotte, with a capital of S50.00" and a surplus of S'.OOOO, and having Ihe following board of directora: Joseph Mufcgrave. president; E. S. Lacey, oa-hier; A. J. Ivee, vice-president ; E. W. Rarker and Elzey Hnyden. It is worthy of observatlon that not only are these men old residents of the eowty, widelv and favorably known; but their bu-iness records point them out as prudent and carefuL men. Anrt thls truth derives an addi ional point from the fact. tbat in an experier.ce ot fllteen years tbe bank has never lost a dollar on money loaned. However. the disposltion to sceommodate. and the patienceand long-euffering, evinced by tbe officers of the instilution are amusingly eet forlh in the following letter which we are permitted to reproduce from the records of the bank: Jan. 27th. 1870. Mr. : Dear Sie:- It is Bome time since we have found leisure to wrile you. and still longer si nee we have had an opportumty for pleasant social intercourse. but the tianttitory nature of all worldly thlngs, the feeling of gradual decay in our physical systems, the aptnarauce of gray haf rs on our several heads and. above all. a con sclousness that the fragüe nature of the writing paper manufacturea now-a-days is not at all suitert to withstand tbe "shock of aces and the wreek of worlds'' have warned os that we should not allow any consideration to prevent our immediately addressing you with reference to the several evidences ot indebtedness we have the pleasure of holding, bearing your valued autosrapli. At the supgestton of several of the gentlemen who have the honor of being assoclated with you in these mattere, we take the liberty of suggesting that these original and perishable Instruments be destroyed and new ones executed upon some everlasting and im perishable material like the prepared cuticle of some deceased but once anclent r nd venerable "bell wetber," which will place the obligations in a form llkely to endure while time shall lait,- perhaps In the providence ol God, even until final payment takes place. Youra very truly.

Article

Subjects
Old News
Ann Arbor Register