, 1866-05-14
THE MERCHANTS UNION
BANK.
An 1nnenAe SsvIudte Brought to
LfrhfA

WAsu1scros, May ts,-John bull, Bank Exam
iutr. has made report to freeman claEk, Comp
troller Of ahe Currency, in which be sAys On tue
animation of thc Sationni Bank Il FL Bslinose @ u ei1,
MarSl land then betug usde, indicated that The Acs
cnauis' Hans Of >Waahlpgton, D. G. had been or
CO, II Bsltlmofe, to IN extent which would III msko n
tn eaz1y examination tuso the at1alrs Of Ihat bsnk
necess%{. Whezeupon had she hooor to fec=lse
Of fa!d bank q, tho earliest practicable moment.
Amer corptcstng the examination IN Baltimore,
the remaining inre't,ga!ions in that ei.yhfew Ighi
othcr thtt r.. ce1'tned checss OF the Msrrhants:
Bank 70 ,he smount Of BIZ 600 were pledged az =
collateral, Of which no record Is found here
In compliance Nth aueh Instructions IN c1amt-
nation Of said bank WAS commeucedsou Monday, the
7,h OF Mar, tns,anr. and ls s.lu progressing The
fist ttep 1aken in The examlnauon wa. 10 cause
statement to be preDared from the books of the
bank, showing thu amount Of li4olhes nnd OF re-
sources. 4 condensed copy Of such statement Il
herewith enclosed, marked Appendix" SlmnI.
a. a auoa d aasa sae sssI ~.
made. and careful ssrntiny Of the accoun:s Of
other banks and individuals commenced. .wiib 9
ibaf large diserepanc,cs = '' occur 'A N
the accounts Of rome Of .hc creditors, a: well AZ
hank On one sdc, and the statement Of accounts re-
ce1yed 1rom the ea'd creditors and debtors silhin
the last three dast on the other. Ad exaupits OF
diaeTrnee Of about SID do audebseaae.s Of Lame
i Co., a. shown By their statement oi accoun. re-
eelyca On ,hc 1gth ins..: and didesrnce AZ aeout
seesss espe Il eseas, ssss psn & s.e.oE s e,
hat tic adjustment Of there d1>crepancies must b
liabilities and resources can s. obtained. There
are .eyeral oi the mo-. important liabilities which
are h1ed and defined, and upon these shall pro-
t{{C@ Gf the hank or It's Circulating notes oat.
standing. This II a. T,llows: Amount of c,rcu.
lsttnv NOES Iec:lvcd from the comptroller Of .he
bank stNO; amount Of cltcnlsrng NOTES outstapd-
,pg SlT.sto 1hsre, is ID the hands Of
he, he 1sg;s5 S;. s,x Of ,,a The Uai,sd snes
S2c0.0o0. On tneae hopus there Is one accrneti
iuttr.st i1 rola for six mon'hs edin the LIST Of
Nay Inst. amoantint ,o te;oa1: Ihie. counting
marker value gives teC0 600, win which to redeem
the outstanding circulation without making my
'f = 1ofos ns9 tS 'e uy :
c1ent for the purpose With a surplus
Of ~, $50 available to meet the llabtl!tles Of
Of ihe bank Is It's indeb ednese 10 Ike Governnea.
of tie United Stats, nut the dt~burstng otic-s~
md ncen!s OF ,he tovclnnenr. The following Is
from she books Of ihs hank and believed 10 !: Ao cor
sec: To NE eresit Of The Treasurer Of lns United
s,a1ss. <59l %; ,e fo5 p. Rost 1ce 1ep.stmss!
ioIoss: Lieut.. Col, Hodge, Paymasfef, $4,000;
J.: !, Cooley. Gommi.sioner Of ludfan Affairs,
TX, ,GG1 So; Maj. Thomas Il. Gardner, payma .tet,
So,a1b s. Thos j. Hobbs. Disturbing L,cis Of The
I1ea ury Department, saisuG: Lieut.. Col. e. T.
fauldinc, Paym1eteE, 900 S51 7G; Lent Col. j. u,
Potter. Payuaster, I'll, ,s57.i7; A. R[slcy. super
lpten.tnt aud spcCai Agent, L5i2 Sc; Br7r ten.
U. l. Robinson, ts::0 70; Col. ". o. Rochcs-
Ter, faymast,r. s3s.Tl; Elijah Sells, su.
pe,tnsct dent oj 1ndian Afalra, s5,66a95;
MaJor J. s.. s'ewan, Psyma-iel. 81 csa1s;
Ne]or u. Taylor. Postmaster, Il, Oul; Winueba.,
1rust Lanos, Sa,3iG 10; i. d. Olms1ead, Post Oi.
lce Depar meu,, *aasl5.T. TslAl $7a23la.5;
there {. in the hands OF the Ttca- urcr Of Tho
United statc', for The cspeea1 purpose Of mcctln.
the liabilities o! this bank 10 the TO ;ernueu,,
$o0, cD0 In 20 Hotcs anu $l0,0G0 n 10-iU boads,
Amounting 10 S1G0, co., To show to sons extepI
how this large item OF the 1nacbtedne:s
to the Government and discussing ;oilces-
Mnt created. / deem 1t my duty 10 report 10
You ctt1afu facts dedsed ffum sworn s'1tcmcnts a.
fouwe, VIZ: On the e0tn Of April, lt several To-
ieIs1cwx and censuliatsons neze held by or be-
tWccu interested pctsocs and others, 1ne object Of
which was TO arrance ios tho transfer Of funds 10
The National Banks, anu blythe hank OF Dayne s.
Co.. tor the avowed pnrpo.e OF snvln.. Dayne 4
20. from suspension, an1 thus saving The honk.
1t IS tns1 To have oren fully explained and well
pndeTtt0Ol hy The pertoD< prc-rpI at theae inter
yiewe, that nnless Da5ne 4 Co. could eecure from
El50,tU0 to f2so, ,0G0 ~ilhou. delay, they must RI,
and that this iai!uze would Involve III. failure Of TIC
Hank.