, 1841-05-29
WHOLE NUMBER, s97.
for $4,000 dollars of the Insurance Bank Of
Columbus. Georgia." ~,

L 80 Tax Hti q VI bIC SAo VI = nc x4ddF
lion Bank Of Baltimore. and the purchase
effected, but as the Bank never went into
operation the advance was but small. There
was taken from Mr.. Joseph Cowperthwait,
on the first of March. 1888, eighiy@nine
shares Of tho Blnk United Stapss. steo. at
E2o collars. the Bank selling the sayss day
1T lI3 dollars. less LfoSe.asspsGd Ga ~
9Th Of January, 1910, there was received
from him IS cash enc hundred and, lhiIty
shares at 100 dollars, the market price Of
that day being 85 dollars IS cents. On The
4lh of March, 1859, Joseph Cowperthwaite,
Thomas Duni4P, and Joseph Cabot, agreed
to purchase of the Bank two thousand shares
of Philadelphia and Reading Rail Road Co.'s
stock, at ioriy-fye dollars per share, on q
credit of two year, and on the 18th Of Feb.
ruary, 1910, the said contract was annulled.
1t IA stated in 4 report of the Exchange
Committee. Of August &c, 1889, and entered
on the Minutes OF the Board. that the Phila-
delphia and Reading Rail Road Company,
had made contract with Mr.. Joseph Cow
perlhwaiie for Il loan Of 100000 in his indi.
vidual capacity, although supposed by the
company 10 have been on account of the
Bank.) to be converted into Stealing Bonds
at a dcl!ars 90 cents per pound sterling. At
the period oi that :ep rri, the sum Of $4,000
dollars Of this loan had been taken up, of
which the Bank WAS then tire holder OF &c.,
600 dollars. nd on 'hai iar, with the assent
OF the Board, assumed the balance unpaid Of
tie contract. Upon The 18ih dtr Of August,
1888. the Bank guaI@r'ocd contract made
ny Mr. Nicholas B.dGie. in lis Individual
capacity. for Tie purchase Of " thousand
five handled Binds # he State Of MiSsis.
sippi. Of tv:" Thousand d, liars each, amount
I'M in the whole to 100000 dollars. The
sIana,uIe "f NJ. Thomas Dunlap. Iien Sc
cOnd asSistan. Cashier, was affixed 10 the
guarantee, on behalf If the Bank, upon the
verbal au'hnrity Of the President. Upon
the 29Dh 81 january, 1889. the link guaran-
recd to L C st lie OF Michi ran, TIE p inc,ual
fnlf!ment of the Morris Canal ami Banking
Company. for the purchase of bonds CT that
State. ln the extent Of 3.l45.C57 dollars so
cents. for 900 900. taken At par, including
interest on the instruments payable every
three months up IN January. IG43. On the
20 h ot April, 1850, tie Bank guaranteed a
contract entered ia'" by Mr.. Thomas Dun
iap in his individual capacity for the pur-
ciiHse Of "ne million Of dollars Of the 'llii.
nuis and Michig n Canal Stock" In regard
10 these TRANSACTIONS, the committee can
find no authority On the minutes Of the
Beard. and have been referred 10 none By
ihe President, upon whoa they called for
Information.
The Committee submit herewith ;Ap1eE-
dix w a stLtamen, OF the Profit ard Loss
acc, IN, Of the Contingent Fuaj, ard IN
abstract Of the ilsses ~char-eatie thereto.
II this las, account. there is charge TN
der date of jane SO, lG4l Of ioo.oOO dol
lars 10 "PIreni Bank notes account; which
has not been explained - the satisfaction OF
the Committee. il mn<t also be mentioned,
that among the expenditures Of tic Bank,
there is entered. 1t :arious dates. concmcnc-
ing Nav. ; 1856, sUnS amounting in 81! TO
6lG,6jO dollars Is Gems, Is paid on the
Receipts nj VI. \. Brdd'e." Of .:AIr. u.
Biidle aud J. Cowperthwaite," and "Casili-
er's Noucher..a AS the committee were
unable Ia obtain satisfactory Information up-
on the subject Of these expenses from the
Books or officers nf The Bank. application
was made by letter 10 Mr.. y. BlddlIe and
Mr.. J. Cow rer;hwaite, from whom 10 reply
has been received.
The Committee have now performed the
ll>h assigned tieil by the StocAnO!GeTs.--
They have erdeavored 10 select from the
mass of materials submitted 10 their exami-
nation. only such is seemed sufficient 10 H.
ius,rate thc general course az the administra-
ii"n "f the Bank. To have gone more into
detail, would hive required more time Than
was allotted To the Committee. and 10 hays
accompanied each particular with full ey.
plantations, would have extended their renor,
beyond all reasonable limits. They have
given the simple facts without comment; hut
enough has been presented, it is believed, tc
enable each stakeholder TO form a Judgment
OF the manner in which the interests com
united by him 10 his trustees and agents, the
directors and officers have been Tauaced.-
I" satisfy mere Idle curiosity, the Committee
had no inclination, and would have gladly
emitted many "f the facts md explanations
they have Gwen. could such 4 course have
been reconcIled to their sen<e o. duty to
those by whom ttcv were appointed.
JOSEPH LIPPINCOTT,
MOSES kEMPSON.
CHARL.ES MASSEY, Jr.
EDWARDC COLES,
RACON