Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-02-18

The Committee find that for the last six years
the Bank has made average profit or dividend of
81 per cent, aud for the last six months about I2
per cent.
ATHENS BRANCH.
The Committee find heavy suspended debt Of
$4,000 in this Branch-much the larger portion
Of which created between the wears 1912 and
lS45 since which time, according to the report of
the Commissioners, the Bank has been doing a fair
business. They find, from said report, 10 violation
OF its charter by extending accommodations TO Di,
rectors or otherwise. The nett profits are about
IL per cent. The capital stock Is 1927, IA ~.
BRANCH AT COLUMBIA.
According to the report of Commissioners for
this Branch, they also show a suspended debt Of
S25 9S7 TO- which has accrued since 1913. The
Commissioners report, that for the last few years
the Bank has been doing well. No report of divi
dends The nett profits set apart, under the act Of
1854, 20 cover suspended debt The amount of
capital stock employed by this Branch is 1854, q.
l63 90 No violation of the provisions of the
charter by loans extended to Directors, or other
wise.
BRANCH AT SOMERVILLE.
The Commissioners of this Branch report the
same in a healthy condition. Have a capital OF
1927, 900. Have made an average Of per cent.
nett profit. The Commissioners report, that the
salary OF the Cashier has been increased 5000; that
OF First Clerk 5000; Second Clerk 500 The Di
rectors say they forced, from necessity, to
adopt this coune, in order procure suitable off
GERS; aui pledge themselves to reimburse the same
# the State is not satisfied The Commissioners
also report that there has been no violation Cf It's
charter.
BRANCH AT TRENTON.
The Commissioners of this Branch report that
there has been no violation Of charter. Large de-
pO-tors have, in some instances over checked for
a short time; oil Of which balances were speedily
settled Ia some instances, this was done by Bank
books not being posted Capital employed, S2I2,
OOS; aud declared an average dividend of pr
cent.
BRANCH AT SPARTA
The Commissioners report this Branch as being
in a healthy condition. No violation of the charter
Trey nave employed capital stock, S2l ., $50 "A
Their average dividends 81 per cent. The
Commissioners report discrepancy in the expense
accouIH, as the stands on the books Of the
Bank, when compared with the Vouchers differ
eHce OF S46l 80 against the BANK
BRANCH AT GAINESVILLE.
The Commissioners report tits Branch as doing
fair business No Director having received Ac-
commodAtous for more than two thousand dollars
except one case which exceeded that sum about
one huud red dollars, and which was paid to the
Bank A. soon rs attention directed to the same
The Commissioners recommend the increase OF the
salaries OF the Cashier and Clerk; the former to
81 500. the latter TO 81 600 They also recon
mend that the principal Bauk and Branches be put
in liquidation.
The amount Of capital employed by this Branch
- S2l2 ASP IS. Average nett profit Of this
Branch since lSi5, up TO July, 1855, is near 6s
per cent
The Committee would respectfully refer to the
repOrts made by Gamu. issiouers Cpr Notbsr Rank
and Branches. The Rogersve aud ShrlbyviHe
Branches yet 10 be heard from All Of which is
respectfully submitted
WIN r. STOKES,
Chairman OF Committee Of the Senate
N. ID. DAVE
Chairman Of Committee OF House Of Reps.
Feb. I, 1856.