Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-03-01
BANK OF
Report Of MF. Wa'ers to the
House ON Friday.
The Bond Account.

DR.. Speaker: The committee sp
pointed under House resolution No. 22G
having transferred to me the duty of ex-
smining the bond sccoUnt OF the State
Bank, I herewith tender the following
report:
In pursuance Of an set passed February
q, 1854, entitled IAN act to authorize
the investing Of certain moneys il State
bonds" certain bonds belonging to the
School Fund were deposited in the STATE
Bank, receipts for which, specifying the
numbers Of said bonds, are on file in the
Comptroller's Office,
And l find numbers corresponding in
the bank TO tie amount Of...---.-....-S4 $50 90
On S2l.l00. OF which the trustee Of the
bank has funded the interest that a.
1855, amounting $500 $500 90
Making the amount Of said Scnool
Fund7 in the bsnE~--.~-,~-~.-s2syO5O 90
On all OF which. except 500 IN c-pit0l
bonds posed due and not drawing
interest, Mr.. Watson has collected
the interest nom January, 1856, in
10 and including January, 1863, in
rash. 4.gi4 %
Which the law be are referred 10 requires to
be distributed as other school funds, bat which
is Included m the cash assets Of the bank.
BANK BOND ACCOUNT.
The books Off bank show thatthe
principal bank owned bonds 10 the
amount 343 70
MI watson reports Jast he received
Win the assets Ct the bank, in
JOG coo co
Oiwhich 81. bonds OF $50 each, we're capitol
po1u-, without interest, and cue In 1855, and
Celed.
Not beiog able to md any receipts for the
bones delivered to Mr.. Watson with the assets
on the b1nE, I accept This report as TO the
amount received by him.
Ne I-pors having invested in bonds
lie reports having invested in cash. 81 Is
Amount paid for tonds~s 1878 80
which 1 presume purchased fny
: IN n1A "a
To wEIch asd IUo, received vita as "
-. -. 10000 90
Making total amount on hand. in
size so IN
On which since January. isfG %on, o''OOO u
treasurer MS been compelled 10 paw
1ssl lJi interest,". -.... q zen IN
regortsd Nv ~ SSr IOSnSo ool IN mo igages as
As before shown The bank bood ac-
To which add PrSceeds Of coupons A. ''i %
$1,000 90
Bonds on han, s2Il,3s8 IS
nank as reIort-d by Mr..
Less interest claimed On can't
IOt 6 cn0
Less school Fu4d bonds. zSOSI
Less ~ capitol, $253, past due
-,.. 7.259
Taken from $4,000 leaves sexual IS
Sels in 500 -nO M
Showing actual deficit in bonds OF
pfluelpal Dahk.----..---. 1855 rs
most earnestly recommend tina these bonds
be Transferred 10 The Comptroller, who sbaTi
cancel those belong ng to tue bank aud iSsne
the bank a certificate Of Indebtedness Tor tbs
amount so cancelea. The bank is also Que the
school fund bona acount, as per the books oi
Lus auR-~----..s--- .----.---...- .-.s IA 6o2 81
Adced TO tue
4a.732 81
To which aud cash interest collected
and lis accumulatiOns-.-.. ............-. 500 o.
And we have in the bank of School
t4f,h5Z ~
The bank hes claims on the State Treasure
for some s155,eS7 y, which acc1ued while the
bank was mig aling through the Southern
Confederacy bat rs trat is a Confederate debt
there is cone s7,9j2,SiS OF Confederate funds
with which 20 Offset said account.
All OF which Is respectfully subaaitted
w. L WATERS.