The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1848-08-08
BANKING IN NEW YORK.

<<{llldl Odtlh ~ AkOiii tuO fAtboftJ /
Afas The sflidavitis certainly q
rich document:
The CANAL BANK. The Com
missioners appointed by the Con-
trollerto examine into the affairs Of
this institution have not yet COM
pIeted their Investigation On Fri
day and Saturday, the teller Of the |
bank was examined under oath in
thepresence Of the Attorney Gene
raj.
On Saturday, we hear, an appli-
cation in the nature Of a creditors
bill was filed by Julius Rhodes,
Esq, Of this city, praying for an in
junction, and that ex-chancellor
Walworth be appointed receiver Of
the assets Of the bank. The Attor-
ney General appeared on behalf Of
the State to oppose the appoint
ment Of such receiver, and alter
hearing him the Judge granted the
injunction, but referred the designa-
ton of receiver to Judge Harris.
before whom the parties met this
morning. The following affidavit
Of the examiners was presented by
Attorney General Jordan, and IS,
we understand, a substitute under
the new practice for bill in chan
Gerry:
State Of NeD York; City and c'y
Of Albany, to acit::
Andrew White and Thomas Nc
Mullen, being duly sworn, say that
on the llth day Of July instant, they
were appointed by the Hon Millard
Fillmore, Controller Of the State Of
New York, special agents to exam
inc the affairs OF the President, Dl-
rectors of the Company ofthe Can
al Bank Of Albany. That in pur-
suance Of that appointment they
proceeded to the said examination
and have been diligently engaged
therein on the said Ilth, 18th, 18th
and 18th days ofsaid month Of Ju-
ly. That they have been as yet un-
able to make out a statement from
the complicated, confused, and ex-
tended nature Of said affairs, and in
some considerable degree from the
want Of diligence in one of the for
mer clerks Of said bank, who prof
fered and undertook to balance the
books SO as to show the amounts
due to and from the bank, and en-
tered upon said undertaking, buthe
proceeded in the same in very tar
dy and unsatisfactory manner.
That although deponents have
been unable to make out q full
statement of the affairs Of said bank
they have proceeded sufficiently far
to enable them to say, and they do
depose and say, that from the books
papers, affairs and vouchers of the
bank, and from testimony given be-
fore them by the teller Of said bank,
ii appears that the bills of said bank
in circulation unredeemed and un-
paid amount to S $4,000, and
Theodore Olcott, late Cashier Of
said bank, hasinformed deponents,t
and they believe it tobe true, that
said bank is indebted to individuals
for deposites above $4,000, and
10 the State Of New York about
$4,000. That theyfound in said
bank the sum of $l,lO2 or therea-
bout in coin, and in good current
bank bills, NOT cxoooding ten or fit
teen dollars, beside some worthless
or almost worthless U. s. Bank bills
of the nominal amount of $2lO.-
The above constitutes all the assets
Of said bank except their real es-
tate and stocks and debts due them,
the amount Of which deponents for
the reason above mentioned, are
unable 10 state.
Deponents further say that from
the testimony Of the late teller Of
said bank, taken before them, and
the late cashier, and from their gem
eral observations and the aspect Of
- ~ X 4 a.lt \ n