Alabama state intelligencer., 1831-01-26

i End. By well established custom fnl credit i. given to the reports of Banks, signed by the Presi dents and Cashiers officers acting under the sane | ton of Oaths
 1 resolution of the legislature, ordering such an investigation, would operate as a temporary with | drawa on that credit, and would necessarily weaken pubic confidence in the institution so distrusted Hence would result depreeated currency, and loss of buslness inuries, which the Legislature should not causelessly n1iet, and which the officers of all banks 1 are Tn duty bound to resist. .lfY Your committee cannot close this report without remarking that the memorial againstthe Bank, comes before them in very questionable shape.
 In the first place. the fact that in population so large that of Macon the memoralists are only se- ven Tn number warrants the belief that their com pant had its origin rather in personal pique than in public grievance.
 Secondly. The garbled statement of facts in the memorial characterizes bad cause
 Ihtrdfy. The impossibityof extracting conclusive proof from the many documents submitted, argues sle entire absence of evidence
 Lastly. The unauthorized nomination, by the me- morallsts of committee of investigations three of whom are oftheir own number, evinces disposition Co make themselves aibitefs of the destiny o vau- able public institution, for which they certainly en- tertan no very ardent friendship. To grant all they ask, would be equivalent to making the Bank of Ma con defendant in in which the memoralists would be compliments, witnesses, and lurors-
 
 committee urge the impropriety of establishing d dangerous precedent additional reason for re- Jectlng the prayer of the memoralists.
 Each successive Legislature would be troubled with frivolous complaints of malicious individuals, disposed to annoy, if they could not injure officers Of Banks, whose misfortune it may have been to of fend them. Although banking institutions, should not be permitted to trample on individual rights, nor to set at naught public good, it will not be deni ed that uey also have absolute rights, which slould be respected. So closely are they identified with the general veal tha: injustice to them, Is injury to the public.
 Influenced by these considerations, your commit tee recommend the adoption of the following reso- lution:
 Resotred That the affairs of the Bank of Macon have been conducted, as to entte that Institution to the appreciation of the General Assembly, and the confidence of the public. BANK OF MACON Oct. 6. 1S30 To his Enceliency George R. Gitmer,' Gocernor of Me State Of Georgia
 SIR..I have the honor to hand you the enclosed statement of the affairs of this Bank ii has lost mo- thing since it commenced operation by bad debts. No part of the paper it holds, is considered bad or even doubtful. l am, Sir, &c.
 (Signed) JOHN T. LAMAR, President Banh of Macon 4 General Statement of the situation of the Bank of Mac0n, Get. l, 1850. Dr. To proportion of capital stock paid in, ,$75,0O0
 Bills in circulation, 192,275 Due other Banks, 16,753 AZ Dividends unpaid, Is 50 Undivided profits, 11,670 62 Individual deposites, 4,2s3 66 $29O,232 25 CR. By Banking House, $2,4l0 34 Bills of Exchange discounted, run ming to maturity, l16,579 B Notes discounted, running to maturity 55 5,61O IA
 Cash, viz: Specie, 66,445 42
 Bills of chartered Banks
 of the State of Geor-
 gia and of the United
 States at par, 49, 9,1S7--115,6 ,632 42
 $29O,232 25
 (Signed) JAMES REA, Cashier