The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-03-05

Total s. 2o,ol2 t.2s77a5 4ao55y 1888 SIS
In al other dspo:i,cie. sss1ss ss3sa
The amount on deposit in the banks Of these three
cities has increased within the past month";
The total deposits have increased $2os and the de-
posts in all the other banks have decreased $4,000
The transfers during the past month have been an
follows :
To Mechanics Farmers Blk, Albany, NY. $4,000 90
To Bank Of the Metropolis washington. .asI sss 81
To Canal Banking Co New Orleans, La. .ssia43 81
To the Ohio Life Ins. 4 Tr. Co.'s Bk., Gin 10000 90
sS9a,ls7 o.
From State Bank Of New Jersey. Morris . $1,000 90
From Bank of the State Of New York, n " 900 90
from american Exchange Bank, do. 10000 90
From North River Bank do 900 600 90
From Bank fthe Metropolis. Washington 2si,94s 81
From Wisconsin Mar. Fire ins Co. Mw'le 5000 90
From Michigan Insurance Co, Detroit Mich. $4,000 90
s7o7,4s7 o.
Inc transfers from the banks Of this city amount to
$3s2aS 5lwhch have all been transferred to the Canal
and Banking Company Of New Orleans
meeting Of the stockholders Of the United States
Bank was held, in pursuance of adjournment the I'd
inst at Philadelphia, and after the reading Of the minute
the annexed report submitted was accepted
The committee appointed at the meeting of the stock
holders Of the Bank ofthe United States on the 5th dsv
Of January last to ascertain the facts the controversy
between the government Of the United States and the
BANK and the proprety Of memorializng Congress in
thereto and also to report the expenses
Of the institution with the salaries of the trustees and
agents respectively Report, That your committee
vened onsevera occasions attended by ali Of the men,
bers excepting JOS Chandler Esq discharge ofthe
duties that the officers Of the in
sution not including the trustees under the several
trusts as alone responsible to the stockholders and cog
INFANT OF oil the facts set forth in the resolutions your
committee addressed written communications to James
Hooerson, Esq the President Of the bank, requesting
from him such information in the matter would have
and
have enabled the stockholders to understand the true
merits Of the case and guide their future action in tho
premises The several replies Of that gentleman, ap
pended to this report and which your committee desire
may &c received as part thereof to preclude all
beyond the isolated ons that the institution in itself Is
under no expense at present.
From the statements made in the communications from
the president Of the bank appears that the president
and directors have no authority to require from the
trustees any information in relation TO their gng
Of the affairs of the trust or to interfere in any of their
proceedings The effects Of the bank were duly assign
ed and transferred to the trustees the conditions
and for the purposes stated in the deeds trust end
they can only be made accountable to the creditors and
stockholders of the bank for their in due
course Of law.
| The matters in controversy with the government
though nomnally between the government and the
bank are embraced in the assignment made by the bank
to the trustees, and placed fully in their charge
4 -
svely their duty to adopt such measures and pursue
such course, in their judgment shall seem best cal
cuated to secure the rights and protect the interest Of
the bank, either by arrangement or compromise, or in
due course oil law
Two ofhe have submitted accounts to auditors
duly appointed by the court and those accounts are
now on file in the Court Of Common Pleas Phadel-
pha, and are accessible to any Of the sockhoders
creditors, who may be DESTROYS of seeing them.
hv tko
the United States that the Of $s5oo per annum
allowed in the shape Of salaries to trustees alone viz
p" that the commissions charged by allowed to the
three trustees designated in the indenture of assign
msnt OF June ], lsal shall not exceed per cen,um
upon the amount collected, amount to more than
two thousand dollars in any year to each trustee
and that there shall be included to be charged by and
allowed to- the three assgnees first mentioned in the
indenture of assignment of September 1884, tho an
nual sum Of fifteen hundred dollars each and to be
charged by and allowed to- the sssgnees last men,
toned in the said ndenture Of assignment Of September
4th 1884, respectively the annual Of four thousand
dollars EACH amounting to the Of eighty thou
sand hve hundred dollars thereabouts since the date
and acceptance Of said Assignments exclusive Of what
has been allowed to clerks and solicitors
In confederation Of these and other facts II was re
solved that the board Of directors instructed to apply
to the trustees to ascertain the number and salaries of
persons appointed or employed Dy tho trustees reSpec
lively and whether the continuance OF so many per-
sons at such high salaries necessary essential to
the interests Of the institution and whether the annual
amount Of salaries cannot be reduced and that said
committee be authorized by the stockholders respect
fully to call upon the trustees and request from them an
exhibit showing the different securities held by this
bank, in detail the domestic indebtedness with parcu.
lars, banks, &c.
was also resolved-tha the president and directors
Of the United States Bank be requested to report to
the stockholders, at their next meeting to be held
agreeable to adjournment on
The present condition Of the bank and the progress of
June T. and September and Z, lsAl.
Have the post notes held by the banks Of the city and
county OF Philadelphia been paid of and dschsrged7
II so. what balance has been re-conveyed to the U.
states Bank
The trust of June T. 1884, to pay deposits and notes.
When may dividend be expected from that trust 7
The assignments and trust made September 4 and l.
s to pay judgments heretofore obtained and creditors
in Europe,Whst payments and settlements have been
made by the trustees7
There appears to be the part of the
stockholders Of the United States Bank to investigate
the affairs Of the institution. Statements have for seve
raj years past, been made the first Monday in Janu
ary exhibiting the condition Of the bank on that day.
and showing the progress &C. made during the previ.
year but for some reason not known the stock
holders, statement has been made this year and
those interested have been left completely in the dark
to the progress made in arranging and qudatng the
indebtedness Of the The course adopted at tho
recent meeting Of the stockholders will develope some
facts that will enable the public and those now hold