New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-02-19

Total Assets .S2ll.7s5 67I

lOlA As5tt5 O.. f~Afifl' vi
The Committee report that the books Of the Bank
were loosely kept That they did not show that the
speee belonged TO the Bank and the remark true
of the Bank Notes The notes discounted by the Agent
in New.York we're all discounted by Moses y. Beach
& sons There was no entry on the books respecting
them With regard to the item Of 500 900 deposited
in other Banks the Committee by means salts
fed Of It's correctness The President knew nothing OF
II There was no evidence on the books that the Bank
had the deposit Of 81 500 in the NJ and NJ Bank al lren
ton The remainder Of the assets were found regularly
entered ON the books amounting to sA547 20. There
are among the bills discounted sly notes called the VIII
ams and Ormison notes, amounting 10 slOoOOO drawn
by one or the other of the two persons Just named ana
endorsed by Of the two persons and guaranteed by
Moses Y Beach sons They are payable win inter
est and dated some considerable time ago ne cashier
.,aes that they were given by the Agent at New iork
security for the sum OF siooOog before ree,isa %
The Cashier also produced stocks OF different kinds
worth he said at cash valuation, 10000, which were
also given a. collateral security for the same sum oil
100000. The manner OF declaring and dsposng oil the
dividends as described In the evidence the Committee
pronounce absurd In a few days amer the Bank was
organized Moses Beach was pat 10 possession oil ouf
ntths OF the capital. The Comnatee found the BANK
under the charge OF several Directors elected in May
1876 although the charter requires the election to be
held in April Not OF them was bona tds stock.
holder The book Of minutes contains the record OF
only fourteen meetings since sept 81 1913 and OF only
four since Sept II, lsi5 The Presidents testimony
shows that be knew very little OF the business The
Cashier resides IN New fork. Inc Assistant 'BhfI
has the whole charge OF the business The testimony OF
the Cashier the In which the assets OF the
Bank are ascertained differs from the testimony on this
nont of all the other persons He states that sometimes
The notes left by the NewYork Agent security are in
cuded in the assets and sometimes the notes discounted
by him The stock is divided by the charter into 200
shares Moses V Beach has 1895 shares and nineteen
other persons 10 shares making mistake OF shares
The receipts on the Housatonic Railroad for Jan
usry ls47 were-For freight s26s o5 30
Passengers and ms- .-.-.---..----.----- l5,eoo "
Total ACKNOWLEDGEMENTS stO'ooo -
Same month last year $50 "
Increase -slEHSo Of
II will be seen that very large proportion OF the
earnings of this Road for freight The freight re-
ccipts were larger than the entire receipts OF Jan
usry, 1916.
The Brokers Board Of Philadelphia have apPro-
prated $500 for the relief Of Ireland.
The Philadelphia Ledger says
There has been some trouble with the officers and
ckholders Of the Bank OF Commerce. Two or three
meetings have been held and disposition has been
manifested that the President should resign Al an Ad
iourned meeting there exhibit of assets, and,
without counting $4,000 or $4,000 Of suspended debt
the value of the shares was adJudged 70 be Us per
share Committee was appointed 70 make exaInins
ton and 10 report to stockholders. The Banks new
charter, with individual liability. goes into operation
next Fall
Ii appears that Pennsylvania failed to pay all
the interest due on the first inst the public debt
large portion was psid-twothirds Of IL however in
paper below par. On Monday, the Governor sent 8
message to the Legislature recommending that loan
be msde to supply money TO the Treasury to pay the
interes, which not paid