Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-04-24
RANK OF THE UNITED STATES.

The report of he committee appointed by the
stockholders of the Bank Of the United States,
10 investigate fully the affairs and condition OF
that institution, and which was submitted at
meeting on the 9Th April, will excite the atten.
ton Of many persons not Immediately interested
in the value Or proftableness of its stock.
At the meeting in question, SAMUEL BREck
presided. There was, VIC are told by the Inqui.
ler, some confusion and excitement, in conse-
quence Of the production Of two reports-one
by the Committee, and the other by the Directors
Of the Bank-a struggle taking place about the
order in which they should be read. Finally
the stockholders determined on hearing the report
of their own committee: and it was read. The
Inquirer gives the following briefof it:
The report commenced by stating that every
facility had been afforded to the committee by the
officers Of the bank, in furnishing and explain,
ing books-and also by the board Of Directors.
The committee then proceeded 10 verify the as.
sets, &c. of the statement Of December 81, 1910,
and they had found it correct. Theyhad con.
sidered the amount, emitting the bonds for char
ter, and one or two other items, which were
named to the meeting They found 1t difficult
and embarrassing to state probable losses on
stocks--and also TO report on the value of mort.
cages. Passing over the mass OF details OF ac-
tive and suspended debt, the committee stated
that but small proportion were regular mer.
camille Transactions and the report stated that
under this head, AZ individuals and firms owed
upwards Of 100000 each; Is upwards of $780,,
900 each; and Q upwards OF 100000 each.
In another part, it was said that 50 individuals
had loans of more than $4,000 each, and that
four others had loans amounting to $560,000
| The totals OF the amount OF 2lst December
were tken named-and, as we understand, left
result Of $l4, 500, 900, to represent $35, 000,.
| 900 Of capital
The relative states OF the Bank were then
given, for the years 1886, '39 and Al. On loans
| Of 1900, 900, raised in Europe, there was a
loss of more than 81 100000, produced mainly
! by the disadvantageous circumstances under
which those loans we're raised. Mr.. Jaudon re.
ceiyed $1,000 year as Cashier, and when he
was appointed Agent in England, the bank al.
lowed him $4,000, for loss on the sale of his fur.
nilure in this city, and more than $1,000, for the
expense OF himself and family in going to Lon.
don. $4,000 was named in one place as hav.
| ing been paid 10 Barings-$1000 year had
| been paid 10 Mr. Jaudson's brother for his ser.
vices. The sums for foreign agents expenses
up 10 l84l, we understood to have been $l79,
O44 Z; and not to enter into details, we also un.
derstood that the whole sum for foreign Agency
and loan expenses in Europe, from the appoint.
ment Of Mr.. Jaudon in England to the same date,
was $685., 975. The Bank had borrowed more
money in Europe than it hsd of active debt in
America In one year, 1837-the loans had
increased more than $1,000, 000--while the dis.
counts had decreased about S9,000,000.
Several officers of the Bank had engaged in
large operations with money obtained from the
Bank-and large SUNS had been loaned to spec.