The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-01-31
HOUSE OF REPRESENTATIVES,


January %, 1911.
LanSdon CheUes, Esq. the Represen-
fatiye from South Carolina in the place of
Nooer 4naricn Esq. resigned, appeared
was quaiihtd and took his seat.
A communication was read from the &c
cretary Of the Treasury made in conformi-
~ 70 resolution OF the House, requiring in
form alton as 10 the Directors, the Shaiehol-
ders of the United STATES Bank, and the me-
MES deposited in it, as follows;
Treasury Department,
January %, 1871.
Slk-i nave the honor TO transmit a report
prepared IN obedience to tue resolution of the
House of Representatives of the 10th inst.
have the honor to be, very respecttullv cir
Sour ODE dent servant,
ALBERT GALLATIN.
the Secretary OF the Treasury, in obedience to the
yesolnfion 81 fhe House Of Representatives of the
iofh 'nsf 'esPecgalJ submits the Jol!osYing re
port.
The Secretary of thu Treasury is directed,
ny the resolution aforesaid, 10 Law before the
House.
LIST. A listof the Directors ofthe Bank of the II.
3. and Of its several branches
2dly. A statement of the sock held bv e.
Telgners and IN what countries, and of the stock
held by citizens and in what states and terrific
ries
3dy. The amount of specie, according to the
tast retu ms IN The vaults of the Bank, distinguish
1Dg the part which belongs to the bank the por
ton belonging TO individuals, ard to the United
States.
II Is enacted by the 10th provision of the 9Th
section OF the act to incorporate the subscribers
% the Bank OF the United states, that the off,
Ger at the head of the Treasury Department Of
the United States shall ne furnished, from time
TO time. as often he may require, not exceed
ing once week, with statements ofthe amount of
the capital stock ofthe said corporation &ofthe
debts due to the same, of the MONIES deposited
therein +; otthe notes in circulation; and ofthe
cash IN hand ; and shall heve right to inspect
Elcb general accounts in tn books of the bank
as shall relate TO the said statements provided
that Tins shall not be construed TO imply right
Of inspecting he account of any private ndiyidu
al o, individuals with the bank
No OTHER but general statements, such as are
enumerated in that clause of the act, can be re
CURED by he Secretary of the Treasury, or
have been furnished by the Bank. And these
include neither the names Of directors nor the
names or place OF residence of the stockhol
ders.
On the subject of Directors no statement
wsttVer is ever made and in relation to the
CAPITAL stock, its gross amount, and the portion
allowed 10 each bank, are the only particulars
which can be required, or are exhibited in the
state ments transmitted to this Office. II was as.
certaned some years ago from An authentic
source that near three fourths Of the stock n
bout 1900 sbsres) were held by foreigners &.
the iaci, though not officially communicated to
the department, WAS stated in the report respec-
ting the Bank made to the Senate on the Cd dav !
OF VI rcb, 1909 No subsequent or other ,nfor.
IN on has been obtained on that subject and.
" % very few exceptions, the names of the
directors and stockholders, either sbroad or
IN the United States, are unknown to the S,
Cretsry
Tire specie ~ the vaults of the Bank and i,s
branches amounted, according to the last returns
10 5,OOO,5o7 dollars, the vtOle Of ws,ch was.
strictly speaking, the property Of the Bank. and |
1oEs her with the debts due to that BODY con. |
ct eel d the fund from which its own debts. In. !
cludiNg both BaHk notes and deposits, must be- |
paid. The sum deposited by the Treasury into |
th Bank and lis branches amounted. oy the Las,
rtiurD oi the Treasurer, dated Dist instant, and
mark d A. here with Transmitted, In Is O.OOO |
do 80 and tnd deposited in other Blnks. To
S75,i62 dollars, making together the balance in |
Oh treasure on that dag, 2,8O5,462 dollars
The total amount Of deposits by government, bv
oi1e, Bank, nd by individuals into the Bank az
III United States and lis branches appears bv
Tie last received returns 10 BE- 464 no dollavs
AnS tn statements b, 81 aud B3, herewith
Transmitted, and extracted from tlie latest re
ti'ns celved =, ms office from the Bank I'D
rfom the Treasurer, eztsibd general cietv