Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-01-17

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ol interest made II % i3 %
1t is thus shown, that the interest made each share
Tor the year ISL, is very small fraction under
per- cent.
In examining the affair and condition of the Citizens
Savings Bank, your committee have observed with plea
surc br vr an system which are found in the general
conduct of the instulia Tin officers and managers
seem to hayclecn scrupuluasly lul =, Their various
doplrtnautS-the books accurately X, =. an The
Bank III sound and health, condition The discu."is
seem, IN the general. To have been of small or bills
well endorsed whereby the accommodations of the Bank
have been distributed among large class OF our cit
zens as raccablc and the security to the Bank aug
mcnted, both III the number Of the debtors and their p
runlary responsibility
The depasltors, who from time to time have with
drawn tier depostcs have been all paid with the
puncualltv. and have expressed high satisfaction the
prumpucS with which the officers have answered their
ais. Your committee, It spcciluy invite public attcn
iIan 10 tins bank safe and convenient depository OF
money. There are. doubtless. large of money,
hclt by prudent and discreet persons, in their Golfers
who unwilling to put II out, both because OF the dan
ger Of ms lsency ON the part 81 the borrower. and the
uncertainty oi Seganlng IT, rhen Wapted Both Of these
difficulties be removed IN regard 10 this
lion: The whole fl nd stands bound rs a security to de
ppslturS-han which your committee believe none better
need h. tosIe,. by the most tmld aud cautious
and the prompness with winch every call, for deposit
money, has been heretofore met, lisa sufficient guarantee
that Tie latter difficulty VII not be realized BY dcps
cautious persons have ben the habit Of keeping
uLoHY UnprodHciirc. actnaani posvcbonet is done
Hc,q, and by increasing the general means Of the Bank
its capacity for usefulness 10th public and private, is
rtspIndingly augmented. Your commit. respectfully
sug1r~ that these views need only be considered ID
beaPprroed
Nour cilnmittcc Il. gratlfnd pbceva that the rccra
good conduct and manaG, neni of tins Bank has secure
to ii large and deserved share .; Dubc confidence. In
the present dlsordcred state aou wSoe monetary sys
II Is difficult Tor the must sagacIuus, to say what rev
buttons and changes To take place and how soon!
But. Gfas your cunmitte both believe and hope the pre-
sen, disasters which alc the community are II
pass away and be- succeeded by returning confidence
between and man, and that prosperity which will
surely follow, and if when this desired period shall ar
rive. shall be deemed necessary and wise increase
w our citizens. domestic and independent of foreign
troll he Citizens Saving Bank Gas your committee be
jpyt) wOu present safe sound and convenient nucleus,
around Which, sach IN institution could be successfully
constructed Fit be said that this suggestion is prcma
turc. the answer is that II is mere suggestion.
All which Is respectfully submitted
{. l.. MOSBY,
SAML POlNDEXTER, Jr,
JOHN X. ID. PAYNE,
TIO'S BILLIARD.
JAN ! 1872
The above report is published BY order OF the Board of
Directors III obedience the provisions of the charter
JNO. ROB. MCDANIEL. Presnent.