Litchfield enquirer., 1834-12-25
From ths National IateLligPncsv Of Friday.
 REPORT OF THE BANK.

REPORT OF THE BANK. AEr. Tyler, in behalf Of the Committee Of Fiaance, yesterday presented Co the Senate Report On tho subject of the Bank Ofthe U"i'ed States. It read at the Clerks table, chiefly by Mir. Tyler, and Occupi ed in the reading, neatly three hours II will be found to be a highly interesting paper.
 Having lisiened to the reading ofthe report, we an tjcDa,e the readers perusa of the whole of by brief sketch of it's contents as they struck ears.
 The Committee of Finance, it will be remembered, were instructed during tine recess for the purpose of examining into the condition OG the Bank. For this purpose they repaired 10 Philadelphia the 18th of September, and proceeded forthwith to perform the duty with which they were charged. !" pursuit ot their object, the EePort says, every facility was a"rd ed to them hy the officers the lnsiilutiOR No hesi! taliOu or reluctance manifested 10 furnish any book or paper which they wished to examine. Every aV- enue Of information was lhrowO wide open to lhemi and there be any defect failure lN the deveIOpe. which the Committee present, 1t must be cODsid cred the fault Of the Committee alone. The inquiries "f the Committee were not prosecuted back further than the year 1920, when the celebrated Report Of Committee made tn the House of RepresenI and acted upon by that bOdv This action by the house seemed preclude reinvesgatiOD of fransHctOns anIe rior that date, and the Committee confined lhem- selves, therefore, the allegations against the agenlens of the Bank which have been subsequently made.
 The first charge into which the Committee inquired that of violations of the charter, and other abuses n the tuition and functions ofthe ErchGnge Com mittee. To this charge they felt i iu he the d"y the Committee 10 pay attention, because iI was for maiy enrolled in the Report of .he Sec. of he Treasu ry, Mir. Fancy, among his reasons for removing the deposites of public moneys from the Bank. Pruceed~ ing thus from high officer of the Government, the Committee considered this charge to demand the fu- est investigation. They examinedi i accordingly, ant took testimony of the Government Directors, as welt as Officers of ihe Bank, ihe rise, rr"gress and operations of this Committee. In the whole matter the Committee discovered any thing hu, Lr cen sure of the government of the Bank concluding, On the contrary, tha; the operations Of the Exchange Committee have been legal, advantageous the Bank, and convenient to the Public.
 The next allegation against the bank which the Committee examined was that of the substitution of Branch drnfts for he notes of the Bank; in regard which charge also the Committee acQui the Bank uf all censnrc.'
 The nex, churge which they examine is that which touches 'he payment of the tree per Ce stock which the comm ice examined with the greatest care, be- cause ot it's having been snlemnly preferred by the President of the United States, in his published ad- dress io h's cabinet on the occasion of his owing his determ'naton to remove the Gepostes, as violation of the charter &c. The Conipi,lee were equally un sucress", in this branch of Their Investigation, de- tecng any violation Uf the charter, derelicon of duty on the part of the Bank.
 Ihe next point investigated by the committee was he safety ofhe pabc money in the Bank and the gc- neral soivency of Ihe institution. h the course of their examination on this p"ini the consnee make the following statement of the actual liabilities and re- sources "f the Bank, which as 1t may be nf IU both our mercantile aud political readers, we have with sone care transcribed a, large:
 LIABILITIES ON NOVEMBER 1s,, 1884.
 
 Deposiie the credit of the Treasury, 429 465 O7 Do Public Offices, 1887, ,l68 6G Private Deposies, 6.74l,752 24 Capital Stock, 5, ,O00, ,000 % 1884, s59,977,lE s7
 RESOURCES. To meet the above the Bank has the following re- l sonrces viz:
 Discounts, 34,667. .e28 24 Mortgages. @, ,59l 29 Domestic Bulls, 1l.Ga6, ,373 07 Foreign Bills 2727,782 II Real Estate, 3,O24, ,738 45 Due from State Banks 427, ,lU2 go Specie, 15,9l0,045 3i Total of resources, sG7, ,e3l,su sG Showing surplus of resources over =. l liabilities of 7,954,3e3 49 By referring 70 the documents il will be seen that last July, the total of the ascerained and estimated losses were set down at $G,005,3l5 7f Vz:
 On banking houses 303 359 S4 On other real estate I5O,82O 94 On suspended debt 1,744,427 13 Desperate debts and losses
 .---6, ,OO5, ,3l: 1T And that ,he surplus funds of the bank provided to cover its losses, are
 Contingent fund io cover losses 5,90l 955 7E ing houses " '' " S ~ o7s,ols 5s U"approprated balance of profit and
 loss account 3,l66. .67O n
  Total amoun, of surplus fund 1O,O44 646 l7 Deduct estimate losses 6,005, 1915 Fl Excess in favor ofthe Bank $4,O39, $50 40 Afer making this very satisfactory statement of the affairs of the Bank, adverng tO the manner in which it's credit had been assailed and by the Government, 100, the largest partner in the Bank, the committee say, that il is in the highest degree questionable wheth- CT any other institution could have wihstOod such systematic assault much less have prospered under it. The result of which, evinced by the above state- men, only shows, the committee say, how deep.rOot- ed was the public confidence in the veDry of the institution, and how high the opinion entertained of the ability with which it's affairs have been adminis- tered.
 The Report next proceeds to take up, and treat at 'arge each Of the other particular points which the conduct ot the Bank has at any time, or from any re- spectahle quarter been impcated-giving ample ies- which the committee had arrived. These points too numerous to be stated in detail from memory bUt we may enumerate the paramount, the iolow- ing:
 The case Ofhe protested French bM of exchange, in which the adopted by the Bank to bring the question before ndicia tribunal, for fair and legal decision. is approved and sustained by the committee, as well as the just right of the Bank tO damages on inc bill in question:
 The allegation against tie Bank of having multip- ed 's Branches for the purpose of influencing public sentiment; showing, from authentic documents, that the Bank had established Branches only where the business Of the community had justified it that in ny oi these cases the influence of the highest public characters had beeR dsregnrded for years where the creation of the Branches had been urged-especally