Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-17
MORNING HERALD.
o. See first page.


of the Manhattan Ddnk, WHICH ho VAS So"AN """~i7
standard nobody unthread. These bank statements
convened in the language of modern finance, are
NOT comprehended at all by persons of mere common
sense All the good old fnancers of Wall street,
such as Henry Remsen, and the men of the last age,
saw "we don't understand these statements-trans-
late them into common sense, and then Wen try =
We have been all hands to furnish this
ransation and accordingly we handed the original
Report put forth BY that great saint, the Rev Da-
vid Hale to the High Bank Commissioner, the very
Devil or Satan hms e-with positive instructions to
translate this document from the language Of finance
into the words of common sense On this duty he
was engaged up TO yesterday morning. till the ring
ing in of the bells for church, when he had just finish
ed it, and then went off to attend DR.. SINNERS
church, for the great Devil does go to church, as
well as the small devils of Wall street The follow
ing is the anslation -
REPoRr or THE EXAMINING COMMITTEE on THE
AFFAIRS OF THE MANHATTAN CoMPANY-RoBE RE-
WHITE, CAsHIER-THE WATCH Doc, SUS-CAsH-
Ter.
The Committee of Investigation on the affairs and
management of this leading locofoco bank and water
company, beg leave respectively to report to the
The cash on hand, in specie and notes amount TO
ST. i3,547 y cents precisely. We did not count il,
account OF the trouble and time but several very
long and shrewd glances cast over IT. satisfies that
il is perfectly right. The specie boxes and kegs
looked very heavy, and the bundles OF notes seemed
quite accurate One ofthe directors has fine nose,
with which he also examined the specie and found it
smeit right, TO tally with ITS looks.
The bills discounted amount to 81 ,040 t02 IL
cents, of which about Siil,O0o are loaned to the
family and connections OF Robert w hlte, under the
clause in the New Testament contained in st. Paus
Epstles, authorsing every Christian to take Of
his own household under the penalty of losing his
own soul. This loan is well secured by Endorsements
and counter Endorsements among each other IN the
family beipp n roO1 lOcOloco One of
the large loans looks TO be to large cotton house in
South street, secured by the of one of the di-
rectors OF the whole amount Of bills only about
s2ji 900 is under protest-some of il may be realized
not. II smells fresh at all events.
The stock loans amount to Sl,l79,797 S6. About
500, 900 of these stocks were loans formerly made,
in 1885 and to the very fourishng house of Taller
& White, who, during the pressure in those years,
very beneyocnty loaned it to the Pearl street mer-
chants at l, 2, 3, 4, and per cent per month, to
keep them from breaking. These operations were
conceived and executed on the most Christian and
benevo principles, and are clearly authorised
der the charter of the company, and the aforesaid
Epistle of Paul. The measure sprung entirely from
the extreme lberality OF Robert White the Cashier,
concurred in by Campbell F. White and countersgn-
ed by " Watch" the Newfoundland dog and SUBJ
cashier now in New Jersey for the benefit of his
health. The company hold these stocks received
through the house of Taller < White, but the house
itself was released at its dissolution, out of pure
gratitude for the many fat operations made by them
in 1886 and 81. Mr. Taller is a most excellent and
worthy man-always obeyed the Cashier TO the let
ter, and has accordingly retired worth Si00000
Young Mr.. White is still on some of the paper con-
nected with his fathers house-but he is also a very
amiabe youth, and must be taken Of, he Is
one of the Manhattan family circle and the only
heir male of the line, the rest being in the female
line, and lovely race the soft south wind
breathed over
OF TIE loan of the Rev. Barabbas Bates, for SlO-
900, that is secured by stock of the Bank Of Ken
lucky, at par-and collateral in stock Of the king
dom of heaven, also at par for twice the amount,
first dividend payable on the death of Barney, and
the stock rembursable on the day Of judgment. We
conceive this be of the best secured loans in
the bank. ..esides, Barney is now in the custom
house, he may make sufficient "pickngs," sc. TO
pay il up.
There is also a stock loan 10 Beekman & Luke, 81
Wall street, one of the most respectable houses in
the stock obbing business IN the street One OF the
partners - blood relation Of the Manhattan family
circle, being connected in the second or third de-
gree of kindred, and thereby coming clearly under
the rule of St Paul, the Holy Apostle. We have
not exam ned infinitely, how much in stock, o other
loans this house has from the bank but the aforesaid
director, with the long nose, having smet at of
the packages, ascertained, beyond the possibility Of
doubt that all was right and well secured and we
consequently report all right with Beekman 4
Luke" This director, in nosing around some Of the
pigeon holes in Of the dark corners, discovered
something that reminded him strongly OF Heckscher,
Cosar Co, Of South street, but putting his nose
closer, he reported that II was well secured by col
lateral security.
policy Of such loans, IL may be necessary TO make
few remarks. IL viii be remembered that, in 1882,
and previous to that year, these United States
in horrible condition. having been nearly swallow
ed up by Philadelp hia monster" Robert White,
our Cashier with his dog, the first to discover
the great danger Of the country, and Immediately Bob
bawled out sswolf'-sswolf'-"d with the mon
ster" and the dog barked "bow-wow-wow '-"bow
WOW, wow" This was the first warning the coun-
try received and led 10 the removal Of the deposes
which equivalent to a removal Of the prevender
on which the monster fed. With these public de-
posites the stock loans of the bank increased
from $500 900, in 1892, to S2SoO,0O0 in Is3b. With
this immense sum, Mr.. Robert White, like true
patriot made money plenty in Wall street, and sti-
mulated all kinds OF operations BY which his whole
family and connections, men, women and children,
have all become rich. He has also become rich
hmself-probaby worth 500, 0oo-and his brother.
Campbell worth another 500. 000-both together
may be put down at SD0OOO, or thercabouts but, as
Robert is bachelor, all his property will go to his
brother descendants who will be the richest loco
foe heircsscs in New York. IL may be objected to
Robert that he ought TO have married. and helped
to people the world with young cashiers Of the right
brand according to the clause in the second chapter
of Genesis. But in excuse, the committee have
oertaised that IL is not his fault. During the last
twenty years he has offered himself to several fair
ladies' One objected to him because he too
old-another because he had too red nose-another
because he was too fond Of Manhattan water He
offered himself in succession to the lovely daugh-
tiers Of of his directors-and danced cotillions,
and waltzed like angel, till they laughed at him
The committee would advise him, however, not to
despair yet. Let him advertise in that widely cir
culating paper, the Herald. for esteem IT sub
ect 81 too great importance 10 this country, to let
such race Of cashiers out as he is. The stock