Even high-toned robbery has its vein of romance, and there was something romantic in the early stages of the history of this gigantic robbery. One cold, stormy November night, in the year 1871, my rooms were invaded, and my reveries broken by a man I regarded as an intruder. He threw off his wet coat, put his umbrella in the coal box, and I invited him to take a seat. “I am here,” he said, “on a very important mission.” He was considerably excited, and for some minutes spoke with a tremulous voice and somewhat incoherently. At first I thought he was under the influence of liquor, but I remembered that he was not given to the cup. I begged him to concentrate his thoughts, and tell me in the fewest words possible what he had to say.
“Mr. Adams,” he said, after pausing a moment, “I know you are a true friend of the colored man.”
“Well, never mind that,” said I, “proceed with what you have to say.”
He did proceed, and disclosed to me the most monstrous plot for getting possession of the money deposited in the Freedmen’s Bank, and that by men who had been prominent Republicans and professing Christians. There was something so monstrous, so heartless, and so at variance with the laws which ordinarily govern human actions, as to create a doubt in my mind of the truth of what he said. The name of this gentleman was John R. Elvans, a member of the Examining Committee of the bank, who informed me that he had protested, in the name of honesty and humanity, against the contemplated robbery, and had resigned rather than have it appear that he had countenanced so monstrous a wrong. (Just here I desire to put on record this acknowledgment of Mr. Elvans’ honesty.)
The substance of the plot was that the six millions of hard earnings of the slaves, constituting their lifetime savings, were to be got by the conspirators on worthless securities, such as bogus paving company stock, second mortgage bonds, and stock of the Seneca Sandstone Company, shares of the Young Men’s Christian Association, and other stuff even more worthless. He also insisted, with considerable emphasis, that the Seneca Sandstone Ring had got complete control of the bank’s money.
In reply to a request that Mr. Elvans would give me the names of the men prominent in so dastardly a conspiracy, he gave me those of A. R. Shepherd, Hallett Kilbourn, William S. Huntington, Doctor John L. Kidwell, Lewis Clephane, O. O. Howard, and D. L. Eaton. He also asserted with some vehemence that the officers of the bank, professing Christians and pretended friends of the negroes, were “deepest in the fraud.”
In order to be sure of my ground, and not to be misled, I requested Mr. Elvans to get me a transcript from the books of the bank, of the loans he had asserted had been made on those worthless securities. Two days afterwards he brought me the desired transcript, which is now before me in his own handwriting. The following is an exact copy of it:
1. “$20,000 Seneca Sandstone Quarry Company, at 90 cents, to Dr. John L. Kidwell. Loan, $18,000.”
2. “Loan to M. G. Emery of $25,000, on corporation coupon certificates, par value of $50,000.”
Mr. Emery was mayor of the city at the time, and it is only right to say here that the loan was a legitimate one, and ultimately paid, with interest.