Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1841-05-15
UNITED STATES BANIs

appointed to examine into THE coE1alIioEl ri
this bank, has been some weeks before the
] public. The astounding Developments
made, have been more tllan confirmed by
the abortion of Mr.. Diddle's attempts TO
prove them Incorrect. We slallendeayor
to give, at an early day, q succinctscom-
pendulum Of Mr.. B.'s arguments, which,
taken in connection with the ReaorI. give
fearful warning to the ur,suspectingg hls-
bandlaan, merchant and mechanic, Of the
dangerof putting too great confidence in
banks. Men who, four, or even two years
ago, contendei with brazen lungs for the
integrity and SURPRISING wisdom of Riddles
provisions, are among the loudest 70 con.
donan him to-day. Discerning spirits
thsy Eve speak Of certain editorial llghts),
now assume to themselves unbounded Gre
dill for discovering that which could be no
longer concealed--yiz. that neither banks,
nor bank men are immaculate, and that
the latter have used the former to fleece
the pc pie. Eanh editors should, for de-
cency1s sslke, be more moderate in their
stricturesson Biddle; they should recollect
that ne could never have been thus guilty
had they not voluntarily aided him in gul.
ling the public that though nc may be
the prince Of demons, he is by no mea MS
the only demon, for to all his schs.aes e
fraud and crime they lent a support-base,
cowardly and servile if it was blind,--de-
signing, treacaerous and criminal, il they
knew what they then pretended to know.
They protested then d knowledge Of facts
which established the seundness of the
bank and the honesty Of is officers
Time has proved their professions false ::
were they fools or kaayes lone or the
other they must have been. Are they any
better aow.9-are they more worthy Of our
confidence since they have grown cid in
sin, than when they were young in decep-
ton I
We do not pretend to say that BiddIe is
blamed too much but we maintain that.
he has bad cast upon him too much blame.
The bank editors throughout the Unionde-
serve to share with him a nations curses.
Let them worry and c~astigate their old
master to the full but let not their uage-
nerous foray against him, now that he lies
PROSTATE, alone and unarmed, screen them
from the ~reprobation Of every honest ma
in the country.
The following synopsis Of the Roper. Of
the committee, We copy from Kendali's
E1positor, the original being too lengthy
for our columns. It presents 4 very fair
view of the facts stated in the report. The
comments with which the editor closes his
notice, may appea:, perhaps, too partisan
FOR the Gazette. On that account we were
at first disposed to exclude them ; but re-
collecting nothing in the history of the
bank to disprove the correctness Of the OBJ
servations made, we concluded to publish
them for the sake Of truth, though inclined
to reject them as the offspring of party.
A Committee Of Stockholders has re-
Gently investigated the concerns Of this
Bank, and made partial disclosures Of lis
]rottenness and misman agement. sorne OF
the items of information new given to the
pubic are as follow viz.
The value of the assets of the Bank is
estimated 1t S~5l,779,795 40
lis liabilities at 36,959,533 SO
Learning the capital neck $14, s20,256 Il
TIE capital steck Of the bank actually
sod and %outstandingi is $50, 52e, 500 90
From which deduct IA, 800, 2256 IL
Showing In admitted loss
of S17.7GS. 3f3 go
1LC tDiLItilitlSc StItC and& tiiCii A1IGatis
of arriving at the value Off large portion
If the assets wers very imperfac1, and
that much depends on future management.
From their language we infer, that the ui-
innate loss will be greater than their esti-
naate.
They do not give a list Of debtors, but
state the following particulars: viz.
Seven incorporated companies have loans
to the amount of 3l,2I1,193 20.
or this sum $500, 222 % is owing by
the Philadelphia and Baltimore Rail Road
Company.
The sum of 5740,056 33 is On obIiga.
tons having more than six months 10 run,
OF which 1867 028 O5 has more than twelve
months to run.
Nine individuals, firms, and companies
have loans exceeding 100000 each.
TWenty-nine, more than $4,000 each.
Furty-eight, more than $40, 900 each.
Two individuals or firms owe 1850, 900
each.
Four have loans to the amount of5569,.
900 each. .
ok nave leans 10 LIE amount Oh ap-,oi4t-
600.
Eleven Joint Stock Companies are in.
debted $507, 582 %, of which the Philadel,
phia aud Germantown Rail Road Compa.
ny owe Sl29,902 Is.
The committee show, that BY the bank
statement Of Feb. /, 1886, the institution
had a surplus of ss7,so1 $50 SO, 'from
WHICH" say they, "it will be recolIected, il
was strongly urged upon the stockholders
as the main argument in favor efaeceptine
the charter then offered, that, after making
the most liberal allowance for probable los
ses on the suspended debt and real estate