The Madisonian. [volume] (Washington City [D.C.]) 1837-1845, 1841-04-17
aphtIaoeIphta Correspondence.

PHHt.ApsEeHsx, "A pril q l04l. !.
The report of the Stakeholder Committee on the
management of the U. s. Bank is not yet published
Its reading, on Monday, created much excitement
can at present. give you only but few items of its
contents The Bank for the last few years, has con-
fined its accommodations to brokers and capitalists
large broker, of the family of the exPresident has
received, within short time, $4,OO0000, and ex-ofi-
GERS of the Bank have been less literally accom-
modated their sense of gratitude for which is well
manifested by redeeming their obligations in rail road
and State stocks, land lots, Terds bonds, &c. An
ex-oflicer took loan of 100000 of the Reading
Railroad in his private capacity, and the Bank after
wards assumed the responsibility. Throughout the
whole of these transactions the Bank has in all anti
cipated difficulties made itself the sponsor and guar
dian Of certain ex-offcers, who, availng themselves
of its liberalty have thrown upon all their bad debts
and stocks. 100000 remain unaccouned for and
questions to the mode of expenditure of $780, 900
of this addressed to officers have received
answers! The Committee estimate that there is more
than $15 100000 of the original capital left to the
stockholders and that the shares worth about 46
EACH The loans due in Europe in al, AZ, As and
Al amount to $l2 575 30l and the balance due State
Banks in this city and distant is Sc, 1874 22l and to
depostors at the U. S. Bank and agencies 49, 164 1854
A committee was appointed to devise the best means
to pr the interests of the Stockholders relative
to the actual condition of the Bank and to report to-
day.
The history Of the Bank since 1888, exhibits most
cupabe negligence of their trusts the part of the
Directors The conduct of some of the ex-oficers
presents them in light most prejudcia to their cha
racters as men of business and honest men. The re-
port would seem warrant the inference that the pro-
pety of the stockholders has been sacrificed 20 advance
the interests of certain officers and family cliques-
Should these differences be sustained, all denquents
should be forced to dsgorge their unlawful gains In
such case it is to be hoped that squeamsh regard
to private characters externally good will prevent the
execution of the severest penalties Of the law. Can
it be possible that corruption has made such progress
among us
The Governor has again INDUCED his favorte pas
sion in the veto of such small affair bill trans
ferrng the appointment of certain officers in Chester
county from the County Judges to the County Com
missoners. This veto passion Of the Governor seems
to grow with what it feeds on. II is becoming quite
ridiculous The following the rates charged upon
all goods by the Pennsylvania Canal and Rail Road
from Philadelphia to Pittsburg Dry goods $500 per
100 cwt; hardware, l,75 groceries, lao; queens
ware, $50. The Ohio at Pttsburg being now full,
the whole chain of Western navigation is opened.
A large meeting of citizens was held at noon
in the State House yard. Resolutions touching the
death of the lalnented exPresident were passed,
conded by remarks from Jno. Sergeant Jno. X. Kane
and others, of both parties. 1t day of universal
gloom The stores are all closed and scarfs Of Grape
are hung upon the doors of private houses. II