The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-02-17
S60.624 "a
Makes total

HAdhts lOldi CVViUS4 ~
These last mentioned funds take it for granted were
at the time of he last failure available for payment of
depostes and for redemption Of recurring circulation and
had they been so applied might have prevented the
failure at least on thatday Ofthe "Real Estate men
tioned you give description other than your Sate-
ment Of its value Is that Real Estate in the State of N.
York the same that is said to have been taken as sec
rity for the debt Of Kngnan three years ngol Is the
Real Estate in Portage and Summit counties the same
taken ofhe Henry Nswberry people Of Cuyahoga falls
for their debt in the hands Of attorneys for collection
three years agoP Why have not all these Lands been
soldi lfhey worth the estimate you place ups
on them, surely they would have commanded those
sums one, two, or tn years since Have they been
offered for sae2 Have have not the Directors Of the
Bank held on to these lands for higher prices! Why
have not the directors converted them into available
funds in anticipation of The concerns of the Bank BY the
limitation ofs Charter7 Roal Estate in New York,
Portage and Summit Counties, Ohio, certainly could
not be esteemed available funds for present liabilities
and should have been & by an honest directory would
haze GccH converted into present means at the earliest
moment That land in New York State is it farm or
firmsl or is Town lots Buffalo derendng for its
value upon the possibility fstreching that city suf
ciently to lhem2 Ofthe Bills discounted" were
they Bonds to the Bankl negotiable orno? Were any
part Of these Bills of Exchange on eastern ces1 at
what periods are they becoming duet Please inform
the holders OF Canton paper that they may know the
times when they may probably get their paper cashed2
And when may lhepubllc expect that ol3 632 Sd in
the hands ofaoneys for collection 10 be reazedl you
have called those resources. by you reported. GOOD,
amagine the term good is relative, and that what may
be called good bank resources is should be convert.
bic into cash on MSday thcutau due.
Is such the fact in reference to all these resources
by you rsportedl Iso then surely the real estate might
have been sold before the failure the amount in Altor-
news hands might have been realized. Was any part
of The bills discounted due at opevous to the time of
the failureP If so what pari And pray gentlemen do
you consider, IN banking transactions, paper due
or protested, to be goOds grant that resources that
may lie eventually realized, may be eUcntnaIty good,
but with respectful Differences submit that this kind
of resources cannot by correct bankers be called good
in reierance to present Liabilities! If am not ms,a-
ken such due protestad paper as we'll as claims
IN hands Of attorneys for collection are by correct bank
ers carried to the account of suspended debt Please
inform the pubic what you would consider requ-
site promptnesss and skp' which should be mani
tested by those who oconduct lis he banks) concerns
and is this prompness and skill ''rsquse" to the
conclusion ysu have formed that the 'resourceS' you
have reported are gOodl
NVepIp