, 1866-05-13
THE MERCHANTS UNION
BANK. i;
An Tmmtnsc Sw1udle BROUGHT to
Light.

WAsnrsoros, Nay le.-John Bali. Bank Exam
In !. h1s made report to Freeman Clark, Como.
tEoilcr Of ihe currency, IN which he rays On ia
animation Of ihs Nauorsi BsnE Of Bs1,tmore e cIi1
Mari .od. then betnX made, indicated that The MOI
enants Bank Of Washington, b. e., lad been. or
w:a liktly 70 b., loser BY The failure OF Raync i
IN early examination into The aIslrs OF that bauE
necessary. Wnereupon h.d Tho honor to receive
yeps inslIos'oos @ 70 proceed With the examination
Affc1 completing the examination In Dal,inoee.
tbe Fenaio1nE Investigations In that crythrcw light
upon ne adatss Of the Merchants Bank. Among
Bank to The amount Of fIs50W wrre pledged as 4
colIatelal. Of which no record II found here
ln coropltanec With such Instructions an examl-
!th OF Mar, Instant: and ia still progressing. The
drst step laken In the examination "a. 10 eause
statement 70 be PREPARED from The books Of the
sources; A condensed COPY Of such statement !.
t7rwlth enclosed, marked appendix" Smut
ta1'cousty with 1oe preparation Of such statement,
n:de.. md carefu! rtrurny Of The accounts Of
tofheF hanks and individuals commenced, With q
''v.sw 70 seIiaeation, or otherwise, Of r1eh
that lasgc diseepanc,es ''' occuT s', IL
the acen1nts oi CONC Of the creatorz, a. well a.
debtor. ~ ite bank as eho~E On the book. oE ,he
ce1ved from the fnd creditors and debtorr within
the lsst three Gays On the other. As examples Of
intte dl6enane1e* i may Be stated that these Il
4 Co., aFsaown oy their s'aternenf Of sceoau. re-
ssiren On The 1gth lns'.. and difference II about
s2eo9@ II the credit u the Unio4 EasE
spess asns. Il meos. s,o!es p:u Sy sro g. r.
hat Inc adtuttrnent Of there discrepancies uusl Be
insde 9slots certain knowledge Of the amount Of
are .evcsa1 Of The mott important liabilities which
nre liked and defined, and Upon these / shall nrr,
sid to pake detailed report. +. MT iia@bii- @
tta,ld'ne. This Il Is falo1s: Amount Of ctrcu-
lntfnc ro'es received from ths Compl1olier Of lie
cnzrcEey t1sn ooe KISS untilsled notes found Ii thc
ihe f1easurer of ,hs United ' seaea seaaa' fa S1
meet this Liability the following bonds-6*e,
tnttr IL geld for six on'hs ending On the Isl Of
May inst. amounting to 1900 This. counting
,ne Se3q. ara q s9eIE PR sn not at the
" outstanding circulation without milking auy
Allowance for notes likely 10 be deslfoved.
1;cnt 1e,s i sun ~ y 1nane'',onsaly fully satl
q .1aao,s e met We ;he .b,,ss.p sspspeii 81
The bank. The next and most important habi1i;y
ottne hank Il It's indebtedness 10 lie Goveinnent
md agents Of The Government Tue folloT1nr i. a
statement. IN detat Of said Indebtedness IL taken
from the books OF The hank and belleye 10 be cor
siSS.;e:1 i1sss. e '' G'' ~ Rsp's9s9'; tsa eptS's
o. dts695t1pE officers and agents as
follows: Lieut.. Col. Hodge, Fayruaster. fss mi:
2. Cooley. comuiasionet Of indIau Afistrr.
{2?.tSQ2s; Maj. Thum1s Ii. Gardner. PEymn.tcr.
S5,oshs2 1hos. J. Hobbs, Disturbing Clcff Of tbc
1'fra*n1y Department. fe5.200: Lieut. Col E. Z.
pauldtug, Paymasser. 500 10; Llea. Cog, j. D.
Potter. rayraste1. sil.S5757; H. 4. Risley. auner.
17seqdep5 aSd speei:. ARsnt. istas 81; Big. Den
ter. Fa}nas,sE, x$7a7l; Elijah SELLS, SD
pe'fnict dent ct lndlan Afialrs, xa,O6a a93 ::
aa'or J. =. 3ewar, Faymastet. al cents;
Mayor D. Taylor. Postmaster, $3UD: Wfuncbarn
Tr1.ei 1Anot. 1886 70; Z. u. Uiu1YtSad. Posi- Of
6ee Dcpas ment, $27al5.T. Total <TGaala57,
Intre Is 1T Tie hands OF the Treasurer OF The
united satef, for The especial purpose Of meeting
The Liabilities OF this bank to The 1orernpcpE
$tltOo IN 80 notes nnd $4,000 IN 1910 houds'
an ounlfng to El00, ,tT0. To show 10 some e1lenf
htw this large Item Of The andeb,ednees
Sas ereaiei, de,m Z my duly 10 repor, 10
yea ecr'a1n facts derived from swurn +'atemcnta a.
foiowe W.: On the 20lh OF Aprii, ult several ID
tezvtcwa md consulta11ons we're held By, or be-
tween Interested pestorH aud others, ihe object Of
which WINS 10 arrange tor The transier or funds 10
the National Banks. ma by the Bank OF Bayue &,
Co. Tor the aSowcd ruTp0-e Of SAVING Bsyne &
GO. rom suspension, and thus saving the 'hapk,
II IL end TO barc been fally explafned and well
rndesttood By the persons present at three inter.
yteWe, that uulets Gayne 4 60. could eccure from
S11ht0 10 3s5o, ,0U ~ithou, delay, They must faiI
and th.k this aure would involve the failure Of he