The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1843-01-19

sM*x d 49, $3.50 $50 - = - = $3.50
dsrs. nsay hsss dsfsted lssrm sbsia sa.ssi-
.msn il. lhs slefk 81 MS lnsliausion. lhs
'sossd xouid s.s year sl.entan - ne
snnsxtd ssassnsaa, ffom nhieh y aeesd
spfsn gkst. uafwirhsna5seg sks -'~iih.
isold.sg Fl lhs dssidsnd lnJaly lssss hey
hare lpsm Msy.ssss. - @nnssy iss5.
feslsxrd n+lAseresse nrsFiyss per rres.
PES a.nsm. 90 thsis ins<slmenl.
Qasfs .. And hslher aty part Il ssid
iassss hsse bxen caused ~ The E@us der q
me bank b. any Il is asheess. and 81 ~tsi
1 fires aid thrfss have been eemmisled,
and The smosns 80 lsslt
AnswtE This board 10 mi swsrs cfsny
loss. whleh il hss ssslsiped b. lhe dsl.l
leaslen. 90 other Improper eeadsei ~ sny
81 it, clIirefs. The degslession % Z. u
.aFireate. lssmer Cashier II shs Bsanrh
n Raleigh, To- 'sIs:eggs5. 10 secured b.
good and sbiiieiens bead. snd j. nss
considered " part 81 our bad drbi. This
bond 10 nos 10 sui..
Qaere 4. AaJ ~hrshrr sny part 81 siid
Losses have ben esnsed By Iaaas 10 build
Rail Rasds. and lying over wiilieus The
payment bl~ineresi sl.rrron. and has
mech d .aid Interest is .sA0s lying osef
aid smpaits
Answer. This bank has susIsiAed no
I,.ss. ether IL r,iusiraI or interest. By
luans 10 build Rail Roads. nor IRON iaisr
IS, lying assr aunpaId. Neill.ef has Il
any claim % rsinrrsl ~ insrrsH - ms.
iuriiy. sgsiast any Rad Ruad rempany.
The only ilshiI,aiesf OF Rail Kosd CON
psnies 10 This initiation. are. bond II
lhe wilmiuss,n and Raleigh Rail Road
Company endorsed BY The Stale and Gus
in y nuafy nexi. for SIS, 900; note To-
ell. COO due in March next. AID endats'
ed by individuals good fu ,ea times III
amount. and further seearet'ey an ordrl
from the WILMINGTON aud X .lrigh Ri
Road Company. on he Postmaster Gen
ersi. 70 receive their next quarter pay 10
si.e trans porla,isn 81 ilc u. 8. mail. ~hici
! OF itself is equivalent 10 The AMOUNT OF th'
loan; and u The branch u Raleigh. hnnd
IL The Raleigh aud Castor Rail Ros
Company, endorsed by The Stale fnr eli
900. no, yet 81 maturity, and upon whlcl
k.he board II the Principal Bank has N
; reason 10 doubt but that the interest hs
been regularly aud p,omptly paid.
Qaere 8. Whether any par. Of sa'
losses has been caused by permitting 4
. vori,es under pse,enee OF keeping %
counts eth SAID bank. 10 abstract money
4 frum said bank. npan tLelr naked. I
: ias1fIicitnsly secured notes, bills. chsci
ar dsafts, with which 10 shave 10 u
Narlhern cities the promissoTy notes .
f,he. North Carolina merchants. 10 !
thrown into said bank for eollection--ar
the amount losl by The bank BY The "a
Transactions. and The Offices a. which The
hsppenet!
Answer. The bank 10 not sware
any loss i, has sustained upon paper d
"a counted in The manner proPoundrd IN u
= qusre.s 10 the prscaice Of The Prineif
Bank 10 dlscoun, no paper wi'hout 60
and sufficient personal security. i
a. Directors ., the Branches are constiiut
. The sole Judges Of The paper offered
n discoun aud nc any loan has been ma
By any Of the branches upon paper deem
=, insufficien,ly secured a, The ime The 10
atc vas eEl. cited, The directors Of the PiiaciI
Bank have no knowledge Of The cirea
- stance.
II isst all times the ain and sin.ent'
The Presidents and .:BRrcsofs to preser
unsettled Ne ruod name and credit
this lnsti,asien, but apprehend.ng, frt
the tone sfthe resolutions. that some q
- trust. as 10 The proper administration
~ tthe sff,irs OF the tank, may exist 10
10 minds Of par, Of the Senate. The Boz
will give any facility 10 iull nvesi'i
tim. should a,commii.se be. appointed
visit The Principal Bank sndi. Branch
Respectfully. your Obj sers.t.
THOMAS II. WRIGHT, CASH
. Appended 10 The above report, 10
. statement referred 10. which shows Z
The dividends declared from May. Is;
Us. 10 January 1913, arferiod Of a yea
OF average . 4-l5 per cent. per annum. Y
all il more iii N The ordinary annual protl'
rest the flank, bu, lis division has been nee
III SAW in consequence Of The admlssipn
d'- new Stockholders, and the propsie,y.