The true Democrat., 1857-05-19


 next two years, the sum of S178,628 75, al must entirely from the class of debts denom mated solvent. "The amount that will vel pc collected" said Mir. Ross, under date of Oc 'ooer lst, loo2, "wlll not exceed S200,OOO"
 MT. Crutchheld, who succeeded Mir. Ross. as 1lhanclal receiver, said in his report of Dec 10th, l0o4 " the amount of debts collected by my predecessor since his last report to the G. neral Assembly of the 1st of October. 1852 and up to the time of his death. amounted tc $82O5O 12
 This sum, if deducted from the amount of debts estimated by him aS solvent, would leave oi solvent debts uncoilected at the time of hi, death, the aggregate sum of $ll7949 88.
 bit -t $ highly probable that I considerable pofloA oi tile above sum 50 co!,ectsd by bi,n VAS collected from the amount classed by him as H"uutI"I,' one third of which he estimat- ed would he collected. If 50 the amou,l ol sollr't ..ebls remaiiug uucoIlected al the time o' h' dea }, would De Increased in a propor. tloh"te rat'o know there w,.s slnal! portion oi the amount 50 collected bv him from debf, ne 4eemei Iusoveni."
 H. the short time Mr. Crutclfeld was in of. nee ne collected $25, ,32G 79, ard Mr. Fa-an. I.' successor, las, according to his report of Ocl' Isi, Iooo, collected S5O643 64. These sums a!ied to tie amount collected by Mr. hosa between October the 1sJ, 1852, and the daA oi As aelh in Au5Hs,, 1854, will make d 'OV3' "' 9I"o,o-O D. Deduct this from the amount MT. boss supposed could be recovered "-u $i-,J'5 4o fcman yet G. be coi.ectel
 nat "mou"t will ultimately be realized tIom the deOtS, due to the bank Is necessarily ' matter ol conjecture. Mr. Crutchf4Id stat.s "a 0 tIn r1Gl,av-
 1892, to August 1851, was trom debtnr, whom Mr. Ross casscd with the ilso!yeut As ,,ns- have imlGoyea since Mr. Ross male lis as,i. mate, "e may venture to hope that a ltroar amount than le supposed may be collected troln the debtors whom he chased as doubtful and ilaolHeut.
 On the other hand, unless prompt and pro- per measures be taken, the amount may be less MT. John Ii. Crease who was the cashier of the PHhclpal bank from the time it commenced operation tili the act of liquidation was Ua,srd ana who was alter that tiiuahcal receiver toI more tA1n two years, Was sometime since re- qheNjed Dy the Governor 10 make an cyamina- tIot oi the book, and accounts. Undertake ot Octooer iat, l0o6 he made report that he found every thi"5 n confusion. His subseuueut jn- VeaL1dtluus have shown that the confusion k even greater than he then supposed: and b;s statement of the condition of the books a, d areomt~ is confirmed b, 3lr. Fl-.a., ta. G,.al,~ clal receiver, auI by Af. WoOIuArl. ai, incl i.-ei5t aes stdat.
 here ia no difficulty in ascenauing tho lia- b.I3es of the bauk Thcv unou.te4 n, tD. 1st oi October liat, aecorIius io thc frarcr,l rec@TrrS report, to the sum Of Sl 42O4S3 33 thN beMItn. total then due ou act9al.t,fS S.,t. b'iuS issued for the benefit oE horrl,r.rs f,.,,, tIe o.te uu.l and Interest ou the ..tna.- A-]Aot taiS taerc IS an apparent offset of 12l6- 6I1 litt uei < the amouutol Heal Is ale Bank o'h E, coupons, Hi.d uole~ now jhc property ol the State Bank. But this am luntm must l.. col leetrI from the Real Estate Da, k before it C.,. b. made avilA'.e la rtieemi Z the bon Is i,- su"l for tue benefit of the State Baak.
 ep'nlenty of these H,al Estate Eaa1 "h-- "l~, ~. tle mrlh, th, $ a.e l}S K i.os- Se-s ."n jtr I-t ~ October la56, c,i ,tal or s;!Ij 33 m ~pece, 4id ot uute, :tai l..I, '. .s- e'!".r''i w"ca Ar. Fa-au suuo>-I oa}y 5'ot UJ uI be c35i.ctci All jr, real .a,r.,t.. Is gone, the sam. hagns been, a.cao!u.g ", :, rePrt made in lSiJ, sold and >arr..ir.I 1. oDs-| reatleh of ts rth,e"
 \ < to ua naiai tult la.- laar-boa-n. elf.. neuet wli lut bs lost on tue S.ttr. I.-to' b. Hoi na that due meats will ha la<rrt t5 rrcveit the I.''. owned by and pledged t,t4e Ee.>~.,- : tate 51-. 3-ia- sacrificed lu ul. maauer.
 : 'i4 IS t.'e result oi .l experiment in bluk- VIZ, or Wnlgh every boIy uaa to g,in and uo Soo"< "a7 w i"''a. 5acn ~tlar..nl oi plan by which ta people Were t. Drrs7.areI irom 1le j'''H "i iiN@NoA. Al tfe 'eu,to} tweu- ty years We AEd 1t leayesthe State with ,l,bt ei neni1 million aud a halt, and that aunu. ally Increasing by cremen;, of ioter.,t, with nothng fo ply tI.s iebt bu. certain obu ltoa, ot t"t < '. Eshte Bauk, which may or m.y nota. mHcivP.oye avahJlr Aud ai.a a nl IS oi lotes al4 D.I- d-eounteI, amour i,.y. iu- de"4 i'. the Aggregate to upvar .5 of one Inl- 'oH, but oi which t is supposed as the ac- counts sand ' present, only staA. portion will Ue collected.
 BENJAMIN C. T0TrEN,
 Ch1rman v he Cn4l. ot He puH Qf he Senate
 l.. D. HILL,