, 1841-05-22

their actual worth, which, rather than their
present availability, was that at which the
committee endeavored to arrive. Still thew
have been necessarily guided, in a great
measure, by the price current of the dav.
vi Tile Zeal Estate and Bonds and Mortga.
ges' a very imperfect judgement could be
formed, without inquiries as to title and in.
cumorances, which the committee had not
time to make. Many of the securities are
OF a Character to render il almost imprac1i.
lcahle to form even a reasonable conjecture
OF their value. While, therefore, the Gem
mIttee oespeah Tor this portion oil their Ia.
bors that regard which is due TO an honest eE.
fort, from the best means within their reach.
TO arrive at the truth, they must be permit
ted to qualify 1t with the remark. that it is
necessarily only an approximation, in which
they cannot ask the stockholders to place en-
tire confidence. The ability of the %institu-
Ton to realize any thing like a fair equiva-
lent Tor It's assets, may depend much upon
the course of policy il may in future pursue,
and upon circumst anceS, which no one can
lie expected 10 ~foresee. Tie estimate is
presented however with less reluctance, as
from the details now given, each stakeholder
will be able TO form 4 judgment for himself.
ltmay be proper here Ia remark, that ii
has been thought best by a majority of the
Committee, not TO submit the lists in detail
oi the active and suspended debt. The in.
jury which would resalt to the credit of in.
dIvIduals by such an exposition, might ulti-
mately be detrimental To the interests of the
stockholders. while no benefit OF sufficient
importance To cnunterbalance SUCH mischief,
appeared TO present itself. In regard t.
these two lines, therefore. the Committee
will content themselves with remarking that
but 4 small proportion consists of regular
mercantile discounts. Ga the Active Debt.
December 81, 1910. are loans To several in
cDrpnraied or other companies. Of I.2I1.l93
dollars % cents, including one uf 502222
dollars % cents. To the Philadelphia Whining
ton and Baltimore Rail Road Company
The sum of 74O.O56 dollars 80 cents is on
obligations, having on that day more than
six months TO run, AMI Of this sum 597.O28
dollars ) cents, had more Than twelve months
10 run. The sum of 279.889 dollars Al
cents, i part OF this Line entered as "Brll>
Receivable" being noninally paid on de-
mand. though really composed OF permanent
accommodations, is not included in either Of
these am"unts. Nor is The sum of $4,000
dollars 96 cents, "B is receivable for the safe
of Offices 4 considerable part of it is IN
large amounts, as will sufficiently appear
from the fact that forty eight individuals. firms
and companies. have discounts exceeding 90
600 dollars. each. Of whom 81 have discounts
exceeding $4,000 each. and nine exceeding
S10n mn apeh similar yn,pn,,,, 90
The suspended debt exhibits as the result. ff-
tv-two individuals. firms and companies,
standing charged on the books of that de.
partment with more then 10000 dollars each.
tweuty-nIne with more than $4,000 dollars
each, and eighteen with mork then 100000
each. There are six individuals and firms
whose debts amount to e.314.OO0 dollars,
two of which are over 650.OOO dollars each,
a large amount Of which will be lost; and
four Others, who have loans amounting TO
$4,000 dollars. Eleven Joint Stock Com.
panies are indebted on this list 8O7,58l dol
lars % CENTS, Of which the Philadelphia and
Germantown Rail Road Company is I29,
9O2 dollars rs cents.
The whole result of the valuation, made
by the Committee, may be thus stated in
short:
The Assets Of the Bank, amounting on the
21st dav of Decembe: 1910, according 10
the statement of Committee, to 69.53l,742
dollars 46 cents, have been estimated at
S5I,779,795
From which deduct liabHi
ties 3~6.956,539 63
Leaves tie sum Of S~l4.82O,255 SO
"
to represent the capital of S~35,000,Ooo 90
Less amount of Bank United
States stock on hand 9.471.4O0 90
S%33,528.6OO 90
To this may be added the sum of four or
five hundred thousand dollars, tor that part
of the circulation, amounting on the 2lst
December, I84O, to 9.336,OO dollars 80 cents
which is probably los or destroyed.
The Committee submit also herewith, con
densed general statements of the condition