National Republican. (Washington City (D.C.)) 1872-1888, 1874-03-21
THE FIRST NATIONALBANK.


% reporto8 - IL Hoa4o Monday Doxk. =
rhs report states that ths principal stock
holders at Tie tine Of the failure ofths bank were
nsmbsss d ~ arm q Jay Cooke 4 Ca Dur
ing ~ existence the bank has bsea = dspoeitory
Of pablo Daasys, and largely employed ct the
time - nnaucialagsas e ths 0ossruDsnt II
has sctsd . sooh n the eouversien Of The severn
,nl.y IL. no N tnnamS various SeveFAmsns
- = e..e.len w ~ ~ : ". synos
: q sove 4r semt ~ trannesiom nave
S SoI - stS.. =, sse - H.sats ny
~ - 1870 .HS.s., - = =. ~, ~. ~
,. - ~ -. 81 q y -. HAs - Hno..~
80 ~. E.,SS.ss - =. 49, - -. ~
c'm... s1fSs.t ~ e ~ ~
- - ~. " ~
e y. 49, 49, - = -. eAs s'1E
'-''s@S - IA ~ " - - I
GREAT hsnieen 49, Ano s1oLDcr b.
ny the omssn o. tns penk 70 establish an1eefry
out proper system iof the manaSenent Of ITS
oetaiis' NO sdeqn1s ehseks WeEs estaohsned 10
INSURE eofreesnees ana eccuraey. NO record -
iound OF sny cash settlement having poem msds
into the gensrai cash aecounr out vas Kept sepa-
rateiy. Ths5 ROCKS q ,tAis sesovAt were simply
Memoranda r 20 z gl.ffSus y -EFtA .
Az the time ofthe ALLURE the aceumulasion OF
surrsney not rsmistsd for end NOT entered ON ths
general ooohs OF the Dank amounted 70 nearly
ssa0oeos This snount has since bean entered and
comes In IT'S proper place IN the balance snset.
} Tnere dinerencs between the osisnee snee.
prepared ~ tne oommitIee snA tns .s.sse m J.
sctuany SHOWN ~ tne BOOKS on the Astn o. Ssp
semoer iast IN TINS muthated currency sccoun. o. d
1900. a tnorouSn e3amnsuon sno"s 'na' '"'s
denoas cannot % accounted iof.
THE LARGE IHDRsrIDHEss
Of the bank to the Government exceeding the
amount Of securities deposited has been specially
inquired into, and arose - follows: As desig-
mated depository this bank isaasd It's certificates
In favor Of the United States Treasurer for frac-
tionai currency, to Do foruarded 70 tne banks VINO
In the natural course Of business said eertin-
Gates would not be large, and the balances In bank
would be kept down to proper amount by trans
fer orders made n soon - the reports Of tho bank
when received at the Treasury could DO exam
med. August n 1878, the balance to the credit
Of the Treasurer on the books Of the bank, and
reported TO him, was el3a 1oS4s. During the fol-
lowing week certificates were issued by the bank
and cashed eby the Treasurer amounting to
el13, 100, running tho balsnce on the o0th August
TO $zsl sss.4s. During the following week csrtiA-
Gates were issued to the amountof t4o,62A making
. total Of en-, 3s23. Transfer orders were paid
to the amount Of e1AA00o. leaving the balance on
September at ~, ss2S.
From the Sth to the 18th Of Septsmber, inclu-
sive, certificates were issued to the amount Of
els, 400. making total Of $sa2. 5s2; and on the
18th Of September transfer order was paid for
eessoo@ leaving balance on the lStn OF eS','S&4o.
IN. so ~. 49, - ~. -
y $3.50. 49, ~. . D.,.us-,s.
~ $3.50 49, r.-s.. - 80 -
.n.. LIZ. ste "s "e.s ,'I- r.Na. ~. IN sns
=, ~ ~ ~,. =. ~. ,...ss.s ~ -.
DenA sn.. osoH - -aueou " sno
Vni.e1 49, ~ A... ~. - '..n
~".."". " ~ ''''' W 1eP'''' VIZ '"'
Ai'~s1isi' ;aig i. sI
HOW JAZZ COOKE AND co. OBTAINED aovHRHAESr
Au. ~:
me comm..se nno 'nst inc mannst .nrouSh
wnich Jay ooo.s 70. "ere permn.eo 70 .nus
oo.ain ron tne oossfnmen' WA. mi8n. DO
eaneo semPol.ry losa Oh = arg smouns Q,
Money On INC si"Plo 'noofso"on. VI .no 1Hss
Nsuonsi oanA wss quo 70 isn'y IN FORMER
treasury fesuiA.,0ns, !" wnon tney 'oon sovsn-
..ee N sseps :" s,. y ,.e.. .ss io,
senes. lmmedla.ely .I.ei inc nnure 9. tne oank
.as p.ssen. =. NV y ~ nc ~
u,e s.st,, .niCus. s..ea ~ - Dosa eA.Caou ~
ov..A ~. S"u HIP'o =. nv see1y ~
m wi, .ne uose,n@us "ouu 70 - s.sS .lom ,oss !.
~. Inc oo1m.'ee nss' e.n'u tne on..aose, =.
.ae sa.las.. .I. VI s., ..u ~. 0oasns
tnss euy uono'euoy WI ~ 'u! n.o' ,-Un .aosnoi
tss i've Tho Sser.tsry e,sdit for hi, nromntnsss
in this matter. In speaking OF the management
and T--5a 49, 49,
canaan a, ,.uupr a, rprn.xr
N,.. - s....-,.,...
tAs eonmes unu ma y" Sepss~o 10 .neis
"e,e xoS,seSre y. P.s,ue pepsi, aostiy W.,
ana s.Hss''S m osmaau no'es.m.Nms soes' "
si.o, inesS ueinanu noss. Ns,ss .SSa,., "
a.t,o... .o.ns vns ~ I'LL, mS Ss ss g.. :.
eanou PAss S ...s.. IT, hsar T.. ~.
years N ON saape ~ ..Y. - Jam = u
Jlns so%e :. 20 s e.s..y =
eanes1. Mnlcn ~ - 80 -. ~,
ee ... - 49, -. AZ 80 49, - o..
s'ence . saM .o1ls = s.s.a
el..seu ~ Pto.s ~ - 800 -. - 1.'
ING sIa.emons " snese 70. -. ..s ees y
aee%s sa ~ ~ 49, M. ~. IT, ,",.s -
tse ~. - - .s,s , - -. n.'.,,.s. =, a.
-'O1 ~. ~ ~. 800 49,. - ~. r.,a ~,
,"s.." ~ ~ i. ,,ni,ns Iosn. - one .snsh ~
-. . .sn,.., ~ = - - ' y Wv N,'' $3.50 y
- M "~..,.,. -. -oo,n ..,.,., =, ~. -,
Inc ptosl'Ias =. .ns szs'n .oo.ioa ol 'ns cur
s., ~. u. D,s.s ~ ~. ~. ss.' , ~.
N ,s..e. au1 .sl" T..Ssms =, ~,s ~
S S.aH - ss-.S..s.'.s 49, -. 80
~ - ~ 1890, $500. -.
SYS.s = ~ =. 80, 49, 1890. = 80
~ - " ~. -. = f'P''-
-. =. -. =, = -. ; y. ~
TAT cooH. lt q COS 't iH DEF IS =
On the 18th Of September, and ,ths date Of its
Ailufs' LAY oooks Oo. were indeoted 70 the
1saH " ~. sa% =. Ss. - .0couns
:. = w.s p.s.sc .,,.."~ 80 ~ 80 p.rs ~
80. n 49," ,,..s,s.s, - - 49, - - -
10y =. = =.
- - ...s,.X -. ~. 49, = -. !. ~. 80 ..
80. Is..s., isss Of 10 IN .a liz