The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-05-25

ed ON ihs Post Note Register but marksd in the
GIN moi issued Ihe Repot ofthe burning, made out
y usual BY the officers, was signed by the Chairman
OF the Committee, and presented 10 the board.
This report included the amount Of Post Notes des-
troyed under the general head OF Parent Notes An
entry OF Il was accordingly made on the journal OF
that day and the hole amount destroyed and carried
TO the credit Of the Of Parent Bank issues ia
the general ledger Sometime about June, 1899 the
clerk who kept that found 10 his surprise that
the balance the wrong side. by which 1t seemed
tina, Parent Bank Notes of the particular demo
minaiion, had been destroyed than had ever been is
sued, and having satisfied himself that there was no
mistake in the calculation, reported the fact. II be.
came necessary balance this false entry by
ponding entry upon the other side which was accord
ingy done on the 9Th Of June lSi0 and the amount
A. We carried the account Of losses chargeabie
TO the contingent fund. &E
Thus, then 70 the amount Of s6l6,64O 10 100, dis
bursed by The officers OF the Bank without account,
since the recharer Is To be added this Of $500,
UD, expended about that very period making ia
all the sum Of 81 .0ls,6i0 Is 100
In regard TO these expenditures the objects Of which
They did not find stated on the books the Committee
addressed the President OF the Bank for information
His in substance that those amounts
which had been expended before the period Of his Pre-
sidency be could not furnish the Committee with any
information; that as 10 800 40 charged in March
and April, lS4O had been disbursed under the d.
reciion OF Committee Of Beard, appointed under
resolution of March ID, ie1Q Similar letters were
then addressed 10 Mr.. Bidde AID Mr. Cowperthwsis.
From Mr.. Bddle answer was received Mr. Cow
perthwaite as has been stated, called on the Chair
man Of the Committee, and informed him that he had
been al the Bank where access 10 the vouchers had
been refused to him. This the chairman wrote upon
small piece Of paper and requested MIR. Cowper-
thwaite to add any thing further he wished; upon
which he wrote that he was willing to furnish the
COMMITTEES any information he was possessed Of This
was not signed by him addressed TO the Commit
tee. The only variance between this statement and
that Of Mr.. Cowperthwaiie H. that he says that he
stated to MI. Lppncou what /" his recoler,i". -"
quesled il might be put down in writing, and short
memorandum was accordingly made" Yet Mr. Cow
perthwaite does not communicate that which il is most
important to know-what it was which he did recol-
lect about these vouchers.
The simple question was and still ls-For what pur-
pose were thes. expended An answer TO this
question has not yet been given from any quarter,
either TO the Committee, TO the stockholders, the
public Were they used for the legitimate and proper
purposes so, why not disclose them.
Is at all credible that after the lapse Of so long
period, the officers in question find difficult
call what We're the objects of these large dlsburse-
ments2 Is it enough Tor Mr. BiddIe again to
trench himself behind the formal report ola Dividend
Committee, which after ALL simply the fact that
there charged to Bonus and Permanent Expenses,
amount OF $3,5lO,694 29-l00, in which was in
cluded part Of these sums Yet this is really the
only authority for the assertion, that with regard To
these disbursements made during his" administration
the whole of them WERE DULY EXAMINED, REPORTED
| UPON BY COMMITTEE AND CONFIRMED BY THE BOARD
BEFORE "HE" LEFT THE BANK2 Even supposing it
50, that fact certainly ought not preclude the
Stockholders from such information requested.
But the fact is that not only that report accord
| ing to the statement ofthe Chairman ofthat Commit
tee, made without any examination ofthe vouchers of
the Permanent Expense account that the sum of
sos, 1913 % paid out while MIR. Bddle President,
was not charged unit, subsequently.
Mr. Biddle complains that the expenditures of this
\ kind made during his administration we've not dis
eliminated from those This successor. The impor
lance Of this his character the object Of The report
did the Committee but ii is here stated
he appears to desire.
The amount charged expended prior
i to March 30 1889 is $359,2il 10
| To this must be added this which
/ though charged at various subsequent
March -, 1889, 6s,3a3 %
And this further sum being money paid,
| the President, cashiers vouchers,
| which was at first charged to Parent
Bank note account, 100000 90