New-York tribune., 1841-04-13

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actions commenced will be reeoliecied ina, ar
Id rad b,en appointed The Agent OF the Bank 10 Fes'
:; Tondo, About the same time, coPar,neEship "as
TONED between Nh 2lay Humphreys ihen Dlecot ..
,bc T3ank and son OF Mr.. Nicholas biod!e' uhG az. |
- R;GIJ. & Hum2hrevs This house was esiao,feu a.
rnooI and thencetorward acted as agents ior 'e sSe
of the produce shipped to that place, whch
ls,oe nrouor,ion OF the whole amount
In exclamation of these proceedings the
~ =. .bsir Ranor; copv Of Letter dated fhiaoeiP'ia
I ~ os $50 20 the Presden; and Directors oil 'ne
Rsnk from NJ Joseph Cabou, one OF the htii' "
nn,nbrevs and who became Director al me eiec'o ~ -
January 1888. This Letter was leao 20 'ne ,;n,,ss
cember %, 1910, but was not inserted on 'He
arrancemen. continued during the year 1857 50
and $50 the transactions OF which amounted 10 $50
40 q5 The shipments were made prihciPa! - - IT,
& HuDlpnreys paid tor by drafts on Dc an ~ .1'
nhrevs-the funds advanced by the BANK, Gnu ,''e -
remtsd 10 Nr Samuel Jaudon, Agent OF 'he oA"N ~ N''
that there was paid TO Messrs Bevan Il Hum,
, bv tb Bank in Philadelphia during the months OF
March April and May, 1882 the sum o est' TT IT,.
bors,nd dollars and the account thus balanced lh
have reason 10 believe that this sum cosu'eU
mari or perhaps the whole ct the prohS derived fo '
rond series of shipments How, and among whot' Il
WAS distributed they have not been rtoriheu o" "'' ~
,.rms Of the final settlement 10 be advered 10 presently
zach one will be at liberty make his own niefehces'
Tho third and last Accoux amounting 10 80
s,,.,rs on the books "a Bills Lendon, advances =
W. These letters stand for the name OF ; ; " iiuet
of Ne,y-York MessrS. Humphreys y bLdde' 10 whom u
these consrgnmsnts made continued 'ne!f aCcou "
The nam. of Bevan & Humphreys, but without he Nno"
doe o thai firm as appears by Mr. Cabots letter OF Oe-
cenber 2S >40 The resyst OF these last sipien ~ w. d
loss of Sa52 52+ l3. OF this amount the sum o
81 was for excess of payments by MessFs' hump
Riddle 10 the London Agency, beyond the proce o' ~
;,h interest," thereon The parties interested, claimed ana
were lowed deduction for loss Oh 500 ooV oil 9eueIn
FUNDS used in the purchase OF cotton, when at discount
the sum of S3007 80 and also THIS sum- oeIhg paiHt'
Commission 10 Mcsrs Humphreys BIddle on ad' 70
S,aI T,udon Accent 81 O5 ST, making 1891 ,l33 10,
and leaving TO be settled by the parties the sum oil So'
3qO ~. ii,
BEFORE proceeding to state the particulars OF this settle
ment il VIII be proper 10 precede by the remarks o the
c',,;,,se o The Directors bv whom effected They
saw long and difficult negotiation has resul'eu IN tue
settlement of threefourths OF the Balance ana IA aer
ment for the settlement of the remaining tourn' pa;
nrut Of half the amount and the agreement tor
re ne;iher Of them such as the Committee abored 10 oo-
vet the terms better than at one period OF te ne
rotaton they could reasonably have expected ana
unsatisfactory IN themselves are accep'aoe u''o'' '"e r
culsr circumstances OF the case.
The settlement reported 10 the bodiu ou 'i< -ie VI
cember 1910, as follows:
With Mr. Nicholas Biddle for one hall amount
ing with interest -: S9-l'|-o II
, For which there received from h!m IN
pavmsnt THREE Bonds OF the Republic ot
Texas for five thousand dollars each, and an
Orderon General James Hamilton, then IN
Ioadon to deliver o the Cashier, or his order
a Bond OF the Republic of Texas, payable IN
London for flOl26 lbs. i'd, and also nnty
Bonds of the same, for two hundred and My
bounds esch these with interest cue ana
Exchange according 10 calculation Waoe - ~
bv Mr. Samuel Jaudon amount to-. <oI,otc ~
Leaving balance OF. SlI''oi' 20
For the Balance Mr. Bidde agreed deliver TO the Bank
within one month"; Texas Bonds and on the delivery OF me
last mentioned Bonds tho Bonk agreed give him dis
charge from claim upon him for ms share OF the oss on
these operations This contract has been performed me
Committee of the Board say, reference to this settle
ment:-'' Aware that the Texan securities were much
below par in the market, the Commse reluctantly agreed
10 the settlement under the belief that better arrangement
for the Bank could be Cat least amcaby) effected ano
in the hope founded general ntomaon that the Bonds
might distant day. be disposed OF without serious Loss
The Committee also settled with Mr.. Cow
psr,hwae, for one-fourIh OF the loss Sl9',o4| -
For which received in payment, Mr. Cow
per;hwae's share in certain Duupnln Coun-
mo1,%ngr Gvr .,l,eI thereon Of $1,000 10000
i-a,,I rn,t N : d ''''Ds1' 5000
Land in LycomiDg County, Wisconsin and o,
Michigan @o'0''
Boston ns2 and limos Lana 20 9'0'A sl'' 1900
CO@5ns5eiai 26 ba,a ana nd, nan '0a' i'- $500
Planters Bank OF Mississippi, SO shares, par 300
West Fe!ciana Bank 100 shares, par Io'oo'
Germantown and Norristown Rail Road Co. 100
500 shares par -''''O
Oait'asn adiesas nar ano j" "'OO'D'' -'''' 5000
Loan as, Of camden and Woodbury. Rail Road Co 1900
S2l7, 900
:. abonr' 5000
Making altogether sZo5gyg
The Committee state, in reference to their settlement
with Mr. Cowperthwae, that il made the ground
that with tn. exception OF few thousand dollars retained
pay other debts, the agreement comprised all his
naming property
The Committee also settled with 5lr s. VS.
Wilder the remaining one-fourth amounting
one-iourh, amounting with interest SlGl, 1913 80
For the purpose of enabling Mr.. Wilder TO
lie this amounin cash the Bank of the Uni
ted States in New York, loaned him the
sum Of $4,000 on the security OF
l. Real Estate Green Hil Phila
dephia County $4,000
,. Five thousand five hundred acres
of - Iron and " and two furnaces
in Columbia County, Pennsylvania
in operation and producing Rent