The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-08-27

promise stability to capital and value to labor.
You will discover bY copy Of the Proceed-
ings Of the stockholders in the Bank Of hen-
lucky, at their annual meeting IN May ASSi,
which accompanies this communication, tnat
they are Of opinion some action Of the Leglsia-
ture is necessary to enable the President ana ~
rectors q that institution to settle and ADJUST
the question of liability ON the part OF the Bank
for the spurious stock issued by the agent OF tle
Bank in Philadelphia. / have been requested
by members of the Committee appointed by the
stockholders specially to invite the attention OF
the present Legislature to this subject.
Information from Major w. S. Waller, now
in philadelphia, who has been employed by the
Bank to separate the genuine from the spurious
stock, authorizes me to express the opinion that
such result will follow the skill and labor
which he has brought to bear upon the subject.
He will not, however, bring his labors to close
before the first of October, and do not see how
the Legislature can act Understandings upon
this subject until, not only the amount OF spu-
rious issue shall be known, but the holders there
of ascertained,
1t was expected by the last Legislature that
steps would have been taken by the proper ex-
ecutiye officer to foreclose, by sale, the mortgage
executed by the Lexington and Ohio Rail Road
Company to tie State, as indemnity for her
endorse. snt upon the bonds of the company to
the amount of one hundred and fifty thousand
dollars, the accruing interest of which the State
has been compelled to pay for the last fifteen
months.
The execution of this duty by the First Audi
tor OF the Treasury, upon whom the law devolv-
ed it, was officially required by soon after the
committee, to whom the subject was referred,
reported that no further legislation was neces-
sary. Why it has not been done, he may be able
satisfactorily to account to the Legislature. He
has net, in the correspondence between us copies
of which l send you, satisfied me that his fall
ure or refusal to advertise the property mort
gagged for sale is consistent with proper dis
charge of his official duties, or in accordance
with the wishes or expectation of the last Lee
gIslature. 1t is for the Representatives of the
people to determine in what mode the State is
to be relieved of this constant and perplexing
demand upon the Treasury of the State
If the law be defective, it should be remedied;
if the defect is alone in the officer, whose duty
it is to execute the law, he should be admonished
to the discharge of the same by the Representa-
tives of the people
The executive duties of the State will, in
few days, pass into the hands of the gentleman
whom the people have recently selected to the
discharge of the high and responsible duties of
Chief Magistrate of Kentucky, and the duties
assigned by The Commissioners of the Sinking
Fund to their Treasurer, WILL in all probability,
be transferred to another. | must, therefore,
solicit as an act of justice to the present incum
bent, and the gentlemen who have acted as COM
missioners of the Sinking Fund for the last four
years, that the Representatives of the people, by
a committee, or in some other mode examine the
books and accounts and vouchers of the Trea
surer of that fund. This is equally due to the
public interest committed to the Legislature and
to those who have heretofore discharged with
fidelity, no doubt, the responsible and laborious
duties of fiscal agents of the government. Ow-
ing to the distance at which some of the MEM
bers ofthe Board reside from the seat of govern
ment, and the nature of their engagements as
Presidents of Banks, il is often difficult to con-
stitute board for the transaction Of business
would respectfully suggest the propriety of adj
ding another member to the Board, whose resi-
dence shall be at or near the seat ofgovernment.
With tender of nv best wishes for your per-
sonal welfare, and willingness to cooperate
with you in the labors which have been devolv.
ed upon you by the constitution, and with the
expression of hope that the same Providence
which has watched over the interest of our com
mon country will smile Spon your efforts to pro
mote her interest.
subscribe myself your fellow-citizen,
C. A. WICKLIFFE.
| On motion of Col. FoRD, committee of 13
members was appointed in the H. r.. to take in
to consideration that part of the Governors mes
sage relating to the passage of law providing
for the election of Electors for President and
Vice President of the United States.
Great efforts have been made by the office
holders to get up E'grand assemblage of the
people' at Columbus, Ohio, on the 9Th instant
The call was advertised a month in the papers
and in handbills. The 7th of August came, and
On tho aven;nor ahouf an off;ca holders ayyived IN