Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-11-12
III. ~ ffxsNss~--
MAIL ARTICLES.

| 70 offered, 81 asked, no sales.
Al The meeting OF the Stockholders Of
The United States Bank yesterday, the
| report OF the committee was received
WIN deep interest, produced no discus
SION, and was unanimously accepted
ana ordered 10 be published under the
uirec'ion OF The Secretary. The COM
miiiee had previously been equally har-
monlous IN concur, ing IN the report. and
IN the warm and high praises Justly
bestowed upon the President ofihe Bank
] IN that document
LIE thanks OF The meeting were with
Tie same unanlmity voted 10 the COM
mi'iee for the ability, diligence and
| fidelity with which they had performed
their duties; 10 Mr.. KING for the impar-
mai and enlightened manner IN winch he
had presided at The several meetings, and
| 10 Mr.. GALES Ter the faithful and able
discharge OF the duly OF Secretary.
On motion. the chairnlan then adjourn
ed The meeting oCiihont dag.
HE committee of stockholders, who
made The report, was composed gene
| rally OF gentlemen of sterling integrity.
enlightened minds, and unsniIied lem.
iaiion. Only Two or three of !hr diiec-
lsrs were put on il (; and when il is known
that these directors reside az a distance
from ihe parenl bank, have nrver been
concerned IN siOcklobbn., ard are deepIy
Interested III the faithful administration
anh SOLID prosperity si the institution.
'heif selection must be con Siderpd by
candid and sensible men as imdicious and
prudent. Mir. ID ayion, from South Caro-
lima, who represented three or four mill
ions % stock; Mr.. Sears from Boston Who
was The only repre- eniaiive OF the stock
held IN HAT rlctl metropolis, aud MIR Par
sons, from Connecticut, The ONLY repre-
sentative OF The stock held in that stat,
were The sole dir ciors, and OF distant
branches too, in the commitlec. Ii was
MOI. known, moreover, when lIi0y we're
selected, that they were directors. The
circumstance, on the suggestion of Mr..
Drayion was noticed at The Second meet.
ing OF the stockholders; but ii was de-
iermined that IL would be- improper Tor
those gentlemen TO Withdraw from the
committee. Mr.. KING, with an intel
lIgence, Impariiality and dignity that do
mn credit, selected the committee not
only with view 10 their individual char
aclerS, bui 10 HE sections OF country which
ihey represented, TO The interest which
They held IN The stock, and 10 their no
li'l"ai standing with The two great parties
10 winch they belonged. r. Gaz.
he meeting OF the Stockholders Of the
Bank OF HE United States, which has lust
terminated, Was, il will be recoilecIed
convened ~ pursuance of a provision al
the charter, requiring such a convention
once IL every three years. The ONLY duiy
enJoined OF The directors of the bank. AS
connected "iih this meeting, is. tina, can
" exact and particular statement of the
debts which shall HAY remained unpaid
aiIer the expiration OF Tie Origimalcrcdi,.
fora periodo OF treble the tern, at that Gre
on, ana OF the surplus profits" DC. be
iald before the stockholders Unfortunate.
~, Inc board OF directors had morepUri 10
make under the last sentence OF his clause.
Under The hrSi part Oft, a statement was
iald before the Stockholders. Eteya{5,
complying with the requisliion olIhe law.
as lar as The books would allow. l.. was.
however, evident thai this statement.
ihougli literally just, was actually calcu-
iaied TO deceive and nIiSlcad and uag
therefore very properly ordered moi 10 be
printed. single fact will illustrate the
propTieiy OF Withholding it from pubIica-
ton. The loss al Baltimore is sialedjni lie
report at 100000 dollars vet the a.
mount OF protested bills and notes, which
nave been lying over for treble Tie term
OF original credit, is only Jou, Monsand
nolIars whilst al another branch, which
mas been Tree from suspicion of miscou-
uuc', tie amount OF protested bills is
siated al $4,000 The key TO this riddle
is To be found III The mode in which Il g
books OF banks are kept. The Baltimore
heaVy losses, IN the one case, had not
accrued The eight months necessary 10
enliile them TO a place in this statement
and, at The other branch, The amount Of
protested paper was on pledges of local
ana United States stocks, on which Tie
owners were not prepared TO pay the re-
CURED curIdllment of % per cent and
winch though safer than any other debts
due TO The bank, are now lying over. With
regard to amount Of protested bills aud
notes at the parent bank in this city, which
appeared 10 us TO be enormously large,
amounting TO upwards Of 600, 600 dollars, it
was stated ~ explanation by Mr.. CnEvEs,
that the whole amount Of losses al IhemU-
Their bank. as estimated from a source on
whiclIieniire reliance might be placed was
OUly l02, 600 dollars this estimate, he was
himself satisfied was sufficiently large.
The remainder of the debt consists prln-
cipaIIy Of notes sustained by ample pledg-
es OF stock at or about its par valuIjIJ6.
The price Of United States Bank Stock
appears 10 have suffered an immediate,
but not very serious depression, from The
Report Of Tive Committee Of tie Stock.
holders. II fell IN Philadelphia, on Salnr-
day, about four per cent. 81 being offer
ed and refused 0G was asked.
[Nai. Int.
TO THE EDITORS.
Baltimore, Nor. 3, 1919.
Gentlemen In the year 1917, ! advised
you OF tie determination OF the British
AID Portuguese governments to partition
the Spanish Provinces, aud take Cubs,