The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-27
m. cnr-.n.v-Tn. Pl.,nneIa bank.

The Currency-The Plainheia bAnA'
At last we have the report OF the New Jersey
Commissioners on the present condihon Oh 'he
Plainheld Bank, and most amusing aiiair dP
nears 70 he We find this report published at length
in the organ of the Bank-the NeU York Sun-of
Yesterday. preceded by a long article written by
the penny-a-liner and Puffer in the employment of
that concern-M M. Noah This article is as cha
racterisc of its source, as is the odor which an
aounces the presence of certain disgusting little
animal. 1t is filled with the most violent abuse Of
the New Jersey Legisature-the public press
every body and every thing, expressed-we need
hardly say, after having given the name of the au-
thor--in the language of the Five Points," as
will be perceived from the following specimens -
"1mpotent malice" dastardiy enemies"-" bru-
tai calumny"-" malicious ingenuity" wretch''
-"infamsus libels''--" villanous falsehoods'-
"malevolent wretches'-" wolfsh pack" mise
rable prints black mail punder"-" vile"-
shameful piratcal'-and so on, in the true,
peculiar, elegant style of the pennyainer and puff
fer aforesaid, But here is the report
Report Of the Commssionsrs appointed by the Governor q
Bank TO his Ercelency Daniel Hanes Governor Of the
State Of Nev Jersey.
The undersigned commissioners, appointed by your
exceency. under joint resolution OF the Legislative
Council and General Assembly Of the State Of New Jer-
sey to examine into the present condition of the Plain
field Bank also the manner Of disposng Of its stock and
the manner Of its organization, and with power to
anime the officers Of the said Bank oath affirmation
and also other and to report with all convenient
speed report to your Excellency-
That after taking the oath prescribed by your Excel
lency they proceeded to the embraced in
said resolution and examined all the books and papers
relating thereto. They likewise examined on their 70
spective affirmation and oahs the President and Cashier
! OF the said Bank, and majority of its Directors
That they satisfied from such examination that the
or 5 Inc Sy ali The
soners named in the charter pursuant to its
That the whole amount Of the capital stock Of the said
bank for and distributed according to law
the provisions Of the charter and in an Impartial and
bona de manner and that the said hank went into opera
according to the requirements and provisions OF its
That we are fully satisfied that tine said Bank solvent
and that its affairs have been and are judiciousy and
| faithfully managed.
The Commissioners herewith transmit to your Excel
ency statement of the present condition Of the said bank
by which, among other things appears at the present
| circulation Of the bank IS. ......... $4l4H
which Constitutes all the liabilities Of tn: bank 70 meet
which there is.
S RIlis and checks Of :ne IL nav hank: ssss
| All which is respectfully submitted
BENZ WILLIAMSON.
CORNELIUS BOICE,
PLAISrIELp, N. j., March 25th 1874 Commissioners.
This presents very good condition of affairs in
deed for such Bank IN connection with such an
agent, to be found in examination. We trust
that it will always remain in the same condition,
and that the public will take care hereafter to keep
in that condition In this condition il is perfect
ly harmless, but il allowed to get out of that posi-
ton, we do not know what it might be in the
hands OF such financier as he who managed the
Jacksonville Bank. But the report is most anu
| sing The commissioners present the "facts," as
stated to them by the officers of the Bank and GER
tainly the statement is one OF the most singular
ever presented by bank officers and those charac-
tiers we all very well know have tolerably active
| talent for exhibiting curious statements" II
seems that the amount of circulation and deposites
precisely equal to the amount of specie and bills
| and checks of other banks. The amount of iabili-
ties and means to meet them appear to be suitedto
each other with as great degree of mathematical
exactness as a new pair Of boots or new coat are
to the feet and back of the best customer of New
York fashionable bsot-maker or tailor. Indeed
they nicely adjusted to each other as if they
had been "made to order" However il is a very
good condition for this Bank to be in considering
all things, and we trust that it may so remain here
after
Yet, it is amusing to turn back only few weeks
and see the variations through which this singular
and extraordinary bank has passed. In the begin
ming Of January, the Sun published a statement of
the condition of the bank, whose organ it is and
the following is copy of the principal items -
PLAIsriELD BANK-RETURNs MADE TO THE LEG,sLATuRE,
- JAN. LIST, 1874.
Circu'atiou, e97 97e Loaus, S79 265
spcie.' i9042 Deposites, 2l739
| A few weeks afterwards, finding that the bills
were returning, they got up another statement of
which the following were the leading points,
| PLAINrIELD BANH.
.9sseis. liabilities
Bills receyab S7a65 Capital stock $50 900
Real estate, G12l C. rcuation 01 978
over dIritsi' -. -" Il Due depositors 81 $40
| Spece 1t nds, '''''''' Sf6i Profit aGd loss, lo3
| NJ