Mobile daily commercial register and patriot., 1841-11-20
REPORT OF THE COMMISSIONERS

the ,ccks killing the horses oi innocent cIti sens. VETO.
 REPORT OF THE COMMISSIONERS
 AtJ,,,nfed io aaaoiine ue Bauk et nc Staie ef A.
 abama, at Tlseaioosa. To the General Assembly of the State Alabama:
 The unde, signed, having been commissioned by the Governor examine into the condition and operations of the Bank of the State oi Alabama, entered the discharge of that duty the fourteenth day of Sep ,ember last, and closed on the second day OfNoyem- Der, both inclusive.
 The period 10 which our examination has been principally confined, embraces inc operations of the bank for the last twelve mouths beginning when the last commissioners closed ther investigations, unless wlcn in order to test the correctness of several counts, it became necessary go back to the tune when they were first opened.
 The books aud account of this institution for the past year have received close and rigid scrutiny; every item debit has been eNamined the correct of all additions tested, and are grat6ed to he able to that bat error, and that in addi tion, has been discovered We feel therefore, that render but sheer justce to the present officers n hearing tcsti non, the correct manner in which they have seyeray discharged their duties.
 The most troublesome pu1 nl our duty has been the examination of the large amauni of bills and notes that have been in the hands of be attorneys of ihe bank for several years past, yet nuseted Rltha view of ascertanng the actual balance now due thereon. To do this as accurately as WAS in our power, We have taken the receipts given by the different bank $. entries on the dockeis kept by deu. By pusung ihis course, we have beeo enabled 10 form Beary correct estimate nf inc amount of bad and doubtful debts in suit. well ths ainOunt Oi pafIial payments hal have been made ,i cases which vel stand open he books of the ilnk .-y-While upon this branch of anr dnty, cannht Orbear he eN pression of nH apiuion that ln ainy cases put in suit, inc President and Dneeiprs, for many years past have been somewhat remlss in the discharge oi their dluiv We ar i've ut liS conclusion lrOm the .tctt nt c1sp Diir llrtr un, where, jS37 the board ul dirors, after judgment was obtnined. in,erfared and stayed all further proceedings. The eonsequcnceiare, lli these cases were overlooked by tIe board, IS Ma as by their successors in office, and nov ses9p open and unset tied; the parties having hailed themselves of ihc extension law of 1857. This, in part, aee0lnts for inc large due, ans which has been in suit for many years. Probably apart nf this censine should he visited upon the aitorII'y. whose duty II | seems to us should ,aye induced him to remind the 1 directory of ihc situation o the cases in question. The present board. if seems, haze had this subject l under consideration, appears bs reference 10 their minutes on the 29lh of April hast, when tle following resolution was adopted;
 "Resolved, That the board will employ some com I peeni individual, whose duty it shall he to attend io the prosecution of suits, examine records, mortgages liens, &c for ltc satisfying of old and outstanding judgments, &c, in iaypT of the laaki make out and keep complete register ol all fhe bank business in suit with the situation nf each casa Se, and to visit the different counties to ascertain te true condition of the bank debtors, and to take the necessary steps to secure bad and duhiltI debts, and io do all other things necessary 10 secure and protect the interests of tho bank" In conclusion oft- iranrl ofthe subject, we would respectfully suggest the propricty of changing inc present conpensatinn oi bink attora0sN Instead of a stated salary, if they allowed acounssiop on the ,inount collected and paid into bank, sell if no hgher motive, migiit prompt them to he more vigant and uniirng in iie iiiscuafgA of their duties.
 ". have carefully examined tlle mlnde+ of the board for Ihe past year, S which hase sco,.red lha, propositions have becu made by setetai iptgid na. who are argeis indebled Ia iie bunk for rcea nlations Cs1tun, to rny n portion Of im lebl iof which they are in part responsible provided the board would give them euiire fee se and lndk ln the olher parties oH the bills lol The balance tbql ,glhl relriain due few propositions oi this kind have i,.en lcae,tn while others have been rels,led, tle parties having ren.ler, schedule o leir indebted ness wcll';is iieir available means la possess ion oJ lhsse fics, ie board was mcparedG' pldge of their abils o pay; and believe they have Secured llle pnyipepi of iargt anJnntb by pursuing ths cosse lhan could hasr been nbwufd le any olhcr nethld
 In order 10 ascettiu ih, true lest lon h this in- tss..,s-.ss lssntn iic Cashier In prgdpct a te notes and bills nfrsola'ge due To- pad pssS,rsn of tine bank of which Welaade ashednle, Which was carefully added. 1st result of ogr examination K follows; First rte '+
 LIABILITIES OF THR B4Ak
 CAPITAL sroee-C omposd Of the iollowngHems, viz Revenue fund .....: :-...... Slol, Inc 55 'H Three per cent fund ....-..1il,2 ,25l. ss s4tsf iGl6 sec. Township ai, Rqase .'. - = T. 10 W...,,.. ........-...' .'''..'. .3slo CI
 University fund. .......-lss,i- -sss,sss,ss .G,.s.i
 -------- eIs6OOG0 20 Indvlusl Jeposltors. ......,.. ,2las77 22 surplus reyenne 1T. $ .l33sl7 76 Common schoor fund. .225 ss5 G2 Circulation oltsi 'u,dng i0l79es %
 Hrie 4.F .91a,-, -,a ..
 ad-AvAILABLE MEANS OF TIE BANK Amount notes discounted, on
 hand ......--..-.: ,.'' o3a 3a s 1s
 Amount notes ilseonnted---------4 197s9oi 25 Amount bills oi exchange run
 ning to maturity .,..,.... 996 95 Dn. past due and inder protest. 5s,ei9 n 0 Amount bhis of exchange .....-------- GOis57 1T Total amount ordinary notes and bills 2575s5S n Deduct partial payments. l9s, ,3CB O4 Actual amt due on above noies andbiis 2s76sis Gs
 UNSETTLED COTTON CASES. Am't of cash advanced on cot
 on cotton notes i5,esS s7
 9S5, ,I34 co
 Deduct proceeds Of cotton sold. .557,s7l 54 ,r. Recianaiions on ss776a 4e Total amount on and bills .2,7si,7la IA Deduct estimated amount Of bad and
 doubtful debts. .lUoo'ouO po Am,t notes and bills considered good l,754.7ia IA
 SPECIE
 Amount of specie in vault. .. 269 6s
 .-s' gold in, vault. ...... ,O6s 3e
 silver in ielier's hands. .2l2 30
 '' speclein uansittl.. .... iso,S ,S29 O2 sa Total amount of specie. 995Y3e7 49 - Amt notes other banks on hand. 25,090 %
 due by otser banhs .lel 6s5 00
 - s5s,2s5 97 Total amount of available means. .26l2,99s II  Amount of deficit Ss6g,75l f2
 In srder that your honorable body may have at one view statement of tho condition of the Bank and