The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1866-05-14

MASHINGToN, May 12.-John Bull,
Bank Examiner, has made a report to
rency, in which he says: On the S0th
day of April ultimo, / informed you
that the examination of the National
Bank of Baltimore City, Maryland,
then being made, indicated that the
Merchants Bank of Washington, ID. c.,
had been, OF was likely 70 be. loser
by the use of Bayne d Co., of Balti-
more to an extent which would make
an early examination in that bank
necessary, whereupon had the honor
to receive your instructions 10 proceed
with the examination of said bank at
the earliest practicable moment. After
ompleting the examination in Balti-
more the remaining investigation in
that city throws light upon the affairs
of the Merchants Bank. Among other
things, certified checks of the Mer-
chants Bank to the amount of 1850
were pledged as collateral, OF which
no record is found here. In compli-
ance with such instructions an exam
nation of said bank was commenced
on Monday the 18th of May and is still
progressing. The first step taken in the
examination was to cause a statement
to be prepared from the books of the
bank, showing the amount of liabilities
and of resources. A condensed copy of
such statement is herewith included,
with the preparation of such statement
an examination of assets found in the
bank was made and a careful scrutiny
of the accounts of other banks and in
diViduals were commenced with view
to the verification or otherwise of such
statement already made. 1t is
made manifest that large dis
crepancies are in the accounts
of some of the creditors as we'll
as the debtors to the bank, as is shown
in the books of the bank on one side,
and the statement of accounts received
from the said creditors and debtors
within tile last three days on the other
1t may be stated that there is a differ
ence of about $2O0, 900 Indebtedness of
Bayne 81 Co.. as shown by their state
ment of accounts received on the 10th
inst, and difference of about $4,000
in the credit of the Union Bank of
Maryland is stated by the respective
banks. II becomes plain therefore that
an adjustment of these discrepancies
must be made before a certain knowl-
edge ofthe amount of liabilities and re-
sources can be obtained. There are
several oil the most important liza bilities
which are fixed and defined, and on
these shall proceed to make detailed
report. The first liability of the bank
is for its circulating notes outstanding.
This is as follows: Amount of circu-
lating notes received from the comp
troller of the currency, $3.50, 200; less
mutilated notes found in bank, 100;
amount of circulating notes outstand-
ing, SI79, $40. There is in the hands of
the Treasurer of the United States to
meet this liability the following bonds:
5-2O's, 500, 900; on these bonds there Is
due accrued interest in gold for six
months, ending on the LIST of May,
amounting to six thousand dollars,
IL III
at their par and not at their marketval-
ne gives S2O6, 900 with which to. redeem
the outstanding circulation without
making any allowance for notes likely
TO be discharged, this sum is unques-
tionably fully sufficient for the pur-
pose, with a surplus S26, l9l availableto
meet the liabilities of the bank. The
next and most important liability of the
bank, is its Indebtedness to the Govern
ment Of the United States and TO the
discussing officers and agents of the
Government. The following is the
statement in detail of said Indebtedness
as taken from the books of the bank and
the Treasurer of the United States,
IS, 703, 1879, for Post Office Department,
81 ,535, total 81 $50, 500. To the credit of
discussing officers and agents as fol-
lows: Lieutenant Colonel Hody, pay
master, SS5, 900, d. N. Cooley, Commits
Sioner OF Indian analrS, S2,9o9,O3 NH
tor Thomas n. Gardner, paymaster,
$685., 6s2, Thos j. Hobbs, disbursing
clerk OF the Treasury Department,
g, $40, 900, Colonel +. E. Pauiding, pay
master, $500, s5l, 760, Lieutenant Colonel
j. d. Potter, paymaster, 81 ,lS5. 707, H. a.
RisIey, superintendent and special
agent, s., 456, 23O, Brigadier General II.
l.. Robinson, 1000, Colonel w. B.
Rochester, paymaster, SS7,S71, Elijah
LiIIis, superintendent of Indian affairs,
S5O6, 1895, Major j. s. Stewart, 'paymas-
ter, Sic. Major D. Taylor, paymaster,