The New York herald., 1846-03-05


From Merchants Bank do 7Iaaa 81
From North River Bank, do. 800 600 90
From Clinton Bank, Columbus, Ohio 600 90
From Wisconsin Mar. Fire Ins Co.. Milwke 30 600 90
FROM ichisan insurance Co.. Detroit, Mich. 600 90
s7o74s7 o.
The transfers from the banks of this city amount to
$3sla4s (which 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 on the ID
inst at Philadelphia and after the reading the minute
the annexed report submitted which accepted
The committee appointed at the meeting Of the stock
holders OF the Bank ofthe United States the 5h day
Of January last ascertain the fscs Of the
bank and the propriety Of memoriasins Consress in
reference thereto and also to report the
Q. tne institution with the salaries of the trustees and
vened onseveral occasions attended By a Of the men,
ssIs excepting Jos Chandler Esq in discharge ofhe
station not including the trustees under the several
trusts as alone responsible to the and cog
committee addressed written communications to James
Kooerson, Esq, the President Of the bank requesting
furnished the basis Of fall and satisfactory report and
have enabled the stockhoders to the true
merits Of the case, and guide their future action the
premises The several replies Of that gentleman, ap
pended to this report and which your committee desire
may te received part thereof seem to preclude all
beyond the isolated one that the Institution IN Itself
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 authority to require from the
trustees any information in relation to their managing
OF the affairs of the trust to interfere in any of their
proceedings The effects of the bank were dvy assign.
ed and transferred to the trustees on the conditions
and for the purposes stated in the deeds Of trust and
they can only be made accountable to the creditors
stockholders Of the bank for their management in due
course of law.
The matters in controversy with the government,
though nominally between the government and the
bank are embraced in the assignment made by the bank
to the trustees and are placed fully in their charge
a. any of the assets Of the bank h therefore, exclu
svey their duty to adopt such measures and pursue
such course, in their judgment shall seem best cal
cuated to the rights and protect the interest Of
the bank, either BY arrangement or compromise or in
due course ot law.
Two of the trusts have submitted accounts to auditors
duly appointed by the court, and those accounts are
now on file in the Court Of Common Pleas in Philade
pha, and are accessible to any Of the or
creditors, who may be desirous of seeing them
appears, by the various assignments of the Bank
the United States that the Of $lsoO per annum 10
allowed in the shape of salaries to trustees alone viz
that the commissions charged by allowed to the
three trustees designated in the indenture Of assign.
mont Of June ls4l shall not exceed one per cen,um
upon the amount collected, amount to more than
two thousand dollars in any year each trustee -
and that there shall be included to be charged by and
allowed to- the three assgnees 6rst mentioned in the
indenture of assignment of September a. lsaI tho an
nual sum of fifteen hundred dollars each and TO be
charged by and allowed to- the two assgnees last men.
toned in the said ndenture of assignment September
4th ls4l respectively the annual Of four thousand
dollars each, amounting to the Of eighty four thou
sand five hundred dollars thereabou since the date
and acceptance Of said assignments exclusive of what
has been allowed to clerks and solicitors.
In consideration Of these and other facts II was re-
solved that the board Of directors be instructed to apply
to the trustees to ascertain the number and salaries of
persons appointed employed by the trustees respec
lively and whether the continuance OF many per.
sons at such high salaries is necessary essential to
the interests Of the institution and whether the annual
amount Of salaries cannot be reduced and that said
committee be authorised 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 particu
lars, banks, &c.
also resolved-hat the president and directors
of the United States Bank be requested to report to
the stockholdsrs at their next meeting, to be held
agreeable to adjournment, on
The present condition Of the bank and the progress of
the trustees Of the four assignments, viz-Of May L.
II
Have the post notes held BY the banks Of the city and
county Of Philadelphia been paid Of and discharged
II so; what balance has been re-conveysd to the U.
states Bank 2
The trust of June T. 1884, to pay deposits and notes,
When may dividend be expected from that trust
The assignments and trust made September 4 and Z,
ls4 pay judgments heretofore obtained and creditors
in Europe-Whst payments and settlements have been
made by the trustees7
There appears to be determination the part Of the
stockholders Of the United States Bank investigate
the affairs Of the institution Statements have for sevs.
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, no statement has been made this year. and
those interested have been left completely in the dark
to the progre" made in arranging and qudatng the
indebtedness Of the The adopted at the
recent meeting Of the tockholders will deveope some
facts that will enable the public, and those now hold
ing the stock Of the bank, to to conclusion