The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-24


Deduct This the good and there
mains an unmgaed capital Of slcss 49, besides what ess
70 prof, and loss from ss
Ofhis ss9 o. payment of pre-.
oy charged to THAT @ i sasn for % &
contingent expenses OF the bank which leaves but
allowance for expenses other than salaries
The report further states tia. Ae bank entitled to
large amounts have been overawn by directors and others
person oyerdrew amount sisooo-ha, interest
paid 90 these oIsrd,s, although some q them Were 70,
milar without interest
which be was member a, different times was stated $500 ss
hat s % s Tss York; @ & Sns s
The also bought bond FOR one Of his family dr.w
bank for several months.
If c San the conn The books ss, and s
balances beng only proved one hundred and times
In order ascertain The which have involved the
sG G ssns ns Ism Mr. IL H n %
cd President In that and Nj. X Burri cashier In s
II. officers Of The bank or directors were or are governed y
purchasing post notes q hs North american Is, and Bank
month bills Of the United Bank al 1--WE per cent
9 naa 9e r s ia een p
sdent Early IN his administration realized large profits 70 hc
within tse legitimate province 81 banking the funds the
stances menaneS rssui"a ernnae The eomn,ee
fgtssr say that the funds q the bank were used BY
s ocs paper foT the sans a. Other place. Than Is counter
could agree upon his paper would
apon ne bank books and Discount q sr dedac,
put the remainder in drsrer Devoted receipts Of small
lated he was COUNTED and .r.,d 4, pron and o..
Thu. the books of The hank would no, show what Of AZ
eean.eni s,psn.ss DID any oesr o. he bank Know
s,pens paid from the funi. q bank o. which no entry
memorandum msde among them an item Of ~ 2O for
sas s sc.. the sa % pay The a' %s.a
instead cfrn,eng the he books would sometimes
would be put hc pocketbook Kept The vault put
se prom ana p y Tha ssa .ense e ,ra h
charge ~ tho President ese put money a. and only
count wss kept q he Inoney n h- pccccrs had ne
Presdsnl any msnoranda 81 The amour, contained This
change interest that the books Of the bank should
o. putting exchange AMI legal
The same drawer aod taking RON time 70 time different
beeirom, and eedlng profit and loss renders the
committee Impossible ten from wha, The money
s s1 Jan me i so s prom ana Joss from me drawer
The President he'd loaned lansnso sums 70 Henry Dwigs
the knowledge The deetnrs These oans wer
much Fir Dwight owed he bank At any one time
IN ~ ib,se loans = nwg ne books show only per cent
sea-oos his vaui entries q. bonds exchanged
h ~ sss ios a. s r s s What e., @
loaned for circulation and the sooo u cent h.
81 rcr cont some'es " per cent, generally
In the year Isf Dwight harred him $4,000 which
the show the irsi Transaction III. bank
hal with him The bank heid obligation for this money
and security whatsoever j. ndcated The presen, thinks
the bank held some security he has recollection 90
june 81 ZIG o. IN several notes which appear
Ing book, June 20 Between the 9h day Of sept Dec
O. the Presides, loaned Dwight $4,000 drafts drawn by
different Western individuals which endorsed By Drs
and taken without being offered - the directors THIS
the President states 10 circulation Dwight
year his with the had Isi
which 81 go loaned wthou, interest During the
year Dwight borrowed without any paper represent H.
$4,000 OF which charged ~ him cash. of witch
the directors had knowledge Of and why thev loaned
the committee canno, ascertain Sofa known interest
was paid oh these loans.
In an Dwight Obtained from bank on discount aud other
wise three millions The committee deny that The drec
tors authorized loans 70 BE- made 70 Dwight without
paper a. represent them
The committee further and that the bank has purchased
largely Of railroad bonds aud there still charged to bills
bonds the Of GIL lE apparently the
properly q the bank In which the President the bank
has interest but carrying them for other parties The
mode ~ carrying them 10 osn money n the
ing them, without note evidence OF indebtedness and
nothing the hooks showed that they owned By the
bank until the paid when bills receivable would be
credited with the bonds and Ia some instances the interest
the loaned properly entered The President also
used the hank funds 70 purchase bonds himself
charging them 10 s receivable and when sold crednr bills
receivable by them Instances Of the kind given and
with exception entry made for interest money
rzed slch Of the funds, they shown
knowleige Of the transactions, except certain Of them for
whom bonds carried
Upon the who report exhibits the Affairs OF the bank IN
ahopeeerly MIXED condfsnn. Before the meeting
rSed decided by stock vote, TO appoint Board
~ Directors, and committee was appointed 70 make nomns
tiops therefor