Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-08-03


Ths Memphis papers Of thu slst att consn the following re-
port Of the committee appointed BY meeting Of ctzsas Of Mem
phs 70 investigate de condition Of the Citizens Rank:
Iae committee appointed at public meeting Of the citizens Of
Memphis to inquire into the management snd condition Of ne
to make the following report. - -'9
vile the Goth Of March, 1852 and he booEs To-
opened on the 22d March, 1853, and stock subscribed ~ G
n. e AlloWay subscribed for 1000 shares Fovell A. Adams
su5crhed for LOCO shares; and TIE Bank osanr b lc
ing the following Directors, viz n. 3. Ac7sv W A To
A. Lewis J. H. Watkins John Shelby It does NOT area S
the minutes that any business vas transacted Nashville In
December, 1853, the Bank 70 Memphis n Alio
way having transferred bis stock FolWs Adams and Fol
we'll q adams . ". " Folwsl December 10, 1853, W. NJ
FolWe transferred his stock s. p Walker, ID 10 this time
no evidence Of M for payment Of stock appears upon tie books
unless ne following copy Of receipt which appears
Rsosgf-Recevei Of n E. Afovav Caierof the Ci,,sr.
Bank Of Nashville and Memphis twenty thousand dollars
(SOOOl In gold the being the amount Of the rgt and
second nstaments paid into said Bank conformity with the
(sIgned] w.M FouwrLl,
NASHVILLE, December 10 ls53
The following transfers show who have been the principal own
ers of the Bankf from this period to the present time:
February Is 1854 P walker transferred to D. uer 80
February Is, 1851, s. P Walker transferred to h. L. Nc
July j, 1854 s P Walker transferred to w. A. Jones' 90
August ls, 1855, S. P Walker transferred Lane, 100
Ap G. 1855 B. B. Turner tanrrsd to 8 p Waior s
April 10, 1855, r Lane transferred to P. Walker 100
June 30, 1855, W. A. Jones transferred 10 g. P Walker 100
January 90 1858, s. P. Walker transferred to D. Turner
and W. A. Jones sail his stock 900
April g. 1855 W H. Carroll transferred to D. B. Turner and
"a Jones, 90
july 18s-D B. Turner enters his protest against the val.
idity Of the two last mentioned transfers Of stock.
The Committee not find the withdrawal Of W. NJ Fol-
we'll, that there than "a Gro paid caBta
stock, viz S5O00 by s. P Walker, $4,000 by D. B. Turner
and S2UO0 by W. A. JONES' Ga the transfer Jones and
Turner'S interest in the Bank 70 s. p Walker Jones and Turner
withdrew their amount paid in ard Subsequently Walker with
drew bis.
We find that dur,ig management Of the Bank By S P
he n0fa4 orT al
posted representative capital stock Of the Bank viz
s. P. Walker note, $4,000; ditto $4,000; Marsh Walker
Sc 900; ditto, S3UOO; I. NJ Barnett $1,000; s. P Walker,
S50OO S. P Walkers uuacceped bills $4,000 which no s
and bills withdrawn by Walker his transfer Bank
and JONES' January 90 1858. The Committee are fur.
Their Of the opinion that Of the time the date Of its
organization Memphis to the day closed its DOORS
ried on its operations without any actual capital
The minutes show that the last meeting of the Directors
held January 7, 1850
The following exhibit shows entire liability and assets the
bank
STATEMENT OF THE PRESENT CONDITION OF THE
CITIZENS BANK OF MEMPHIS.
LIABILITIES.
To whole amount Bank Notes engraved, s1OO65O6 %
Less amount on hand, TO wits
Citizens Bank Notes partially signed,
but never circulated, Sll4,IJ8 90
Citizens Bank notes unsigned in orgi
nal packages, 10000 90
Citizens Bank Notes, 45l, 26g 90
Citizens Bank Notes redeemed and in
the hands Of agents at Knoxville,
per last report, 1924 90
-s 71l6s3 90