The true Democrat., 1855-11-20
LETTER NO. II. Nvn-ru, n.
EXECUTIVE UFFICE, Little Rock, 4rh.., Oct, 23rl, 1855.


 SIR:-By the records of the Chanccry Court of Pulaski county it appears that in the case ot the State of Arkansas against the Trustees and officers of the Real Estate Bank, decree was rendered by that court on the 2Oth day of April, 1853, dlvesting said Trustees and officers of the assets of that institution; and that the Chancellor on that day, appointed you Receiver m the case, and for your services, including such clerk hire as may be necessary, decreed that you should be entitled to receive tn. sum ot three thousand five hundred dollars per an mum, and have the use of the banking house and premises of the Real Estate Bank, in the city of Little Rock. And on the 2Oth day of April, 1855, the following order was made by said court: '' It Is further ordered that the said Receiver shall cause the abstracts named in the answers ot the Trustees not already completed to be made out as speedily practicable, and the expense thereof to be paid out of the trust fund, and the same to become part of the answers of said trustees and other defendants to the bill of complaint''
 From the records it appears that the abstracts specihed III the answers, and which by said or der of the court, the Receiver was required to have made out, are as follows, to wit:
 "1. List of all bonds, bills and notes turned over to Trustees under deed of assignment with columns to show how much paid on each and when, how, and to whom under each note all renewal notes should follow.
 7. Abstract of all moneys received from debtors, by whom, and when.
 5. Abstract of all moneys received by attor- ney, and how disposed of
 4. Abstract of all lands bought under de- crees of foreclosure and price bid in each case.
 4 bctr, of .o1-o c., I l. at how much
 6. Abstract of all lands bought under exc. cuton.
 :. Abstract of suits brought on notes, etc.. at law
 : 8. Abstract of judgments at law
 3. Abstract of suits for foreclosure.
 10. Abstract of decrees for foreclosure
 II. Abstract of bad debts
 l2. Abstract of debts lost by limitation.
 Is. Abstract of suits for money against the Trustees.
 IA. Abstract of la,d sold by Trustees.
 l5. Abstract of moneys received and paid out by cashier and secretary
 16. Abstract of debt of each trustee. and of attorney.
 IT,. Abstract of moneys received of debtors and for property, by each trustee, and how dis posed of.
 IS. Abstract of cash and expense account
 19. Abstract of notes, bonds, bills, etc.. now on hand.
 20. List of all bonds and mortgages.
 2l. Abstract of bonds received. of whom and how
 P. Abstract of bonds sold or disposed of
 B. Abstract of bonds exchanged with State Bank.
 A. Abstract of all compensation paid to off, cers and agents"
 The foregoing are the twenty-four abstracts which, by the order of the court, you as Recei- yer were to have made out as speedily as practicable, and the expense thereof to be paid out of the trust fund, and the same to become part of the answers of said trustees and oth. CT defendants to the bill of complant.'
 As these abstracts, when made out by you, are to become part of the answers of the de- fendantS Tn the suit, and as the accountants ap- pointed by the Governor under the act of 18th January, lo55, are required by said law "to act under the direction of the Governor. the lawyers prosecuting said suit, or the court. or the judge thereof in vacation, in investiga- ting the books, accounts and all other matters connected with the said suit, and Me accounts and ansacers cf aH parties, sOho are or shall De n,aae defendants in said suat,"-you will be pleased to advlse me whether you have had all of the ab. stracts made out, and if you have not had all of them prepared, would thank you to inform me which of them you have ready for the in- Vestlgatlon of the accountants, and when vou Will nave the whole Of them completed. so that may Know how to instruct the accountants in order that the objects of the law may be carried out
 The law specially enjoins upon the Governor to have the suit against the trustees and offcers of the Real Estate Bank prosecuted The de- fendants have alledged that they cannot fully answer the bill of complaint without the ab. stracts referred to, and the suit has been delay- ed for the want of them.
 No one, except the Receiver of the bank has authority to have these abstracts, which are to be- come part of the answers of the defendants, made out. The Chancery Court gave that au- thority to the Receiver on the 2Oth day of April, 1855, and provided in the order, that the expense of having said abstracts made out, should be paid out of the trust fund, and also that they should be made out "as speedily as