Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-05-16
(No. 5.)
State of Michigan, Wayne Co. SIS.

Cee<eS
Personally appeared before me, the I'M
dersigned, Bank Commissioner of said
state, Benjamin F. Towne, Of said county
of Wayne, who being duly sworn, on oath
says, that he was one Of the original sub
scribors to the capital stock of the Bank of
Lapeer, and that the books of subscription
to the same were opened some time in DC.
tober last. In the apportionment Of the
said stock, twenty.three shares wero as.
signed TO this deponont, on which he paid
in ten per cent. in specie. Alvin N. Hart
Of Lapecr, was treasurer. Deponent does
not know whether the amount Of ten per
cent was paid in by the other subscribers
or not, though he saw specie paid by some
of them, and heard said Hart say that the
whole amount was so paid in.
Dep nent was present soon after the e.
lection of the first directors of said bank,
and was informed that he was chosen a
director, and attended one meeting Of the
board of directors. AT that meeting a vote
was passed authorizing deponent to sell and
transfer his stock.
Deponent further says, that the ton per
cent above mentioned, paid in oil his CAPT
tai stock, was never Withdrawn by him.
at or about the time the bank went into
operation, deponent let said Hart, who was
then cashier Of said bank, have certificate
Of the Treasurer Of the United States for
one hundred dollars, towards a further in.
stalment, or twenty per cent. on his stock,
which was received by him instead of spe.
Gle. Said Hart observed that he had that
amount left with him TO be paid in specie
to be paid for land, and he would pay the
specie TO the institution, and use the cert.
icnte for the purchase of the land. For the
balance Of the twenty per cent on the stock.
deponent gave his due bill payable to said
Hart on demand in specie. The due bill
has not been taken up. Deponent after
wards advanced 10 the bank specie TO
the amount of five hundred dollars, or
thereabout which was received at Detroit
by Aaron Goodrich and dcponent was
afterwards informed by said Hart or said
Goodrich, or by both, that the same was
paid by llIc said Goodrich TO the sud Hart.
The specie was never Withdrawn by depo-
nent.
Not long after the bank went into opc.
ration, deponcM overheard conversation
between said Har, cashier thereof, and
Aaron Goodrich, one Of the directors, rel.
alive to certificate Of specie deposite.--
Deponent did not understand that il belong.
ed to the Bank of Lapeer: did not see the
certificate, nor learn the amount; but did
understand that it was issued by the Far
mcrs' 81 Mechanics Bank of Detroit. Dc.
ponent never applied 10 said last mention.
ed bank for such certificate, and never ne.
gotiaicd for, nor did no obtain the same.
lie knew nothing Of the certificate until he
heard of il nj Lapecr, in the aforesaid con-
vcrsation. Dcponcnt understood that said
certificate was to be used by the bank Of
Lapecr, but for what purpose he did not
understand, and does not know. The
whole conversation above mentioned, was
not distinctly heard by the deponent, and
he is unable TO state further on the sub
ject. lie had nothing to do with said Ger.
tifcate.
Deponcnt obtained from the Bank Of La.
peer, sometime after il went into operation,
on discounted notes or checks, the sum Of
five thousand one hundred and forty or fif-
ty dollars Of which was paid to the Treasu-
rer of Michigan, at the gequcs; ofsoid Hart.