Old man Alvord was an unwilling witness. He could have told the Committee much more than he did of the connection between Stickney and Shepherd, Vandenburgh and Shepherd, John O. Evans, Lewis Clephane, and Hallett Kilbourn. Vandenburgh is a free and easy, good natured, open-handed man, and not naturally dishonest. And yet he was, during the reign of Mr. Shepherd and his Ring, a sample sheep, of which Clephane, Evans, Kilbourn, and Shepherd constituted the flock. He was associated with them in the paving business, and the very large amounts of money he was permitted to draw from the bank from time to time, and while Stickney had almost absolute control of its funds—nearly $200,000—convinces me that there was not only collusion, but that Vandenburgh was used as an instrument by his more designing confederates. These “Vandenburgh loans,” as they are called, are regarded as bad as any made by the bank. That Vandenburgh never could have used so large an amount of money in his own business, the Committee were satisfied. This, too, must be said, that Mr. Beverly Douglas was very decidedly of the opinion that Vandenburgh was “used by the master spirits of the ring to pull their chestnuts out of the fire.” Stickney was responsible for these bad loans. They were made with his consent, perhaps not criminally. I have, however, given enough proof to convince the candid reader that he never should have been employed as an officer of the bank again. THE SADDEST CHAPTER OF ALL. I come now to the saddest and most melancholy chapter of this history of fraud. I refer to the report recently wrung from the commissioners in response to Mr. Muller’s resolution, introduced in Congress February 25th, 1878. This report, (Mis. Doc. 43, House of Representatives, 45th Congress, 2d Session,) is a very remarkable document, and merits to be extensively read and carefully studied. It is a remarkable document, as well for the force in which it illustrates the blighting power of money, the want of heart, soul, and conscience, even the better class of mankind is afflicted with at the present day, and, worst of all, that there is very little difference between the men, who, in 1870, deliberately plotted to rob the bank, and the men, who, in 1878, and under the disguise of law, make themselves and their friends the beneficiaries of what there is left. The following passage is quoted from this remarkable report, to which the names of the three commissioners are attached. It reads like a bit of exquisite satire: “In conclusion, permit us to say that we have no knowledge of any improper use of the funds of the company to which reference is made in the preamble of the resolution of the House of Representatives, except sums required for the payment of petty expenditures and expenses incurred by agents and deducted from their collections.”