, 1874-03-21
THE COOKIES WASHINGTON BANK.
Sotcfaf Dispatch 10 7he Chicago 7rto,i,e. -.

Special Dfspatch 10 Tie Chicago Tribune. -.
THE INVESTIGATING CoMM1rrEE.
WASHINGTON, D. Q. March 20.-Alcssrs. Mcr-
riam, Of Now York. Tarwoll, Of Illinois, and
Durham, OF Kontuoky. tho b-Committeo Of tho
Houso Banking and Currency Committee to i'll
yostigate tho First National (IIonry D. Cookes)
Bank Of this city, submitted thor report to Tho
full Committee totlay. They find TINT tho officers
OF tho bank hayc boon guilty Of tho
9REATEsT 1nnEauIAn1rlEs,
that there ia no Inv TO punish them, and tl,oy
recommend legislation that will coyor such oasoy
III tho future. Tho report shows that ~ a
United Statos depository, tho bank mado yory
'eree Profits. It wan also AGENCY through,
which banks throughout tl4i untry exchanged
mutlatcu for now cArronoy =. t tho time Of tho
failure Of tho bauk thotG vas s25o. 900 of
this mutilntod currency: In, hand. . Tho
togular books Of tito bnuAS tainod no entrfoa
going to show tho conditioE this class Of do
positB. Thoy had what f.: called mutiIntod
currency department. ReEt:s: and distinct from
all tho othor business of = bank, tho accounts
OF which were kept, 1t =: ms, only III potty
memorandum .boo1ts in a less way, 80 tint it
was extremely difficult to ~, artain how ,nucl1 Of
this currency was On hand at any one time. Asa
result OF thta, tho Comm ittoo report TINT some
VIZ wv " 4AAthhLGi Gt4i uGEubatHA Will LHQ
bunk oan not DO accounted for. They soy:
!. An examination OF all tho accounts, witt, q
Wow to accounting IN Bome plausible way for this
deficiency, met with no SUCCESS We aro n. n
loas to accouns for II. but present tho fact and
attompt no explanation" Aat
ANOTHER POINT,
tho sub.C Committee say:
TIE LARGE INDEBTEDNESS TO TIE GOVERNMENT
over nna above the amount OF security, de,os-
itod Inns boen o1amluod. The manner in which
this occurred ia M follows: As n designated
depository tho First National Bank iss,ied its
States for fractional c,llrouoy, to be forwarded
to different banks in tho country desiring
It, and which mado their orders through
thom In tho natural course Of bust
the balance in bank would be kept down to the
proper amount by tranEfor orders, as soou as tho
weekly roporla or trnnBfer reports Of tho banlls
received at tho Treasury Department could be
examined on tho 9th Of August, 1873. The
balance 10 the credit Of tho Treasurer on tho
books Of tho bank reported to him wero
$l33,1os. During tho following week certificates
wore iBsned by the bank and cashod by tho
Treasurer amounting to sl18, ,760, running tho
M balance on Aug. 90 to si251 ,e5s. In tho mean-
following wook certiloates .wero issued to tho
amount Of a405, ,204. Tile transfer orders
were 292, ,3S2-paid to tho amount Of 3145, ,O00-
leaving balance Of 3147.as2. From tho 9Th to
n fHH
as',o n Il he arnnt ~ sia IN nd m t Ha
nf Scntominr sSgo 10 ordore 1voro no;i
for xix non ~ tbe sorf;acatea ;.snai nnr;1p p, ~
ioat roo @ 1vo,n 1a;d tr Iractina .o
ronev IN In i.s,,od !" 1a,t Gn,to 1 ~ ~ ph;l
don;s A. IN lima tst tn;s ~ 49, n INV
wnr1ad m Tia asroncth ~ ia cart;HcaIo -
tho 7Sirat Natinnai nonI +he+ na,f. 49, nisoo,. -
;ndahta1 ~ H." T,oaa,,nr ~ ,h":I1r;tad aDtoS
Tor a s,,n, Inrocr thnn tho an,onut IN ~ ''"''s
T.fE ernnn1r1rs IN nrroa,p
with tha Trean,1rnr, T1o ,rnnor wav von1d aoey,
to hayc beon to reoniro Tia link IT, f"rnia', c11.
renoy in liou Of it's certificates. ~ '>>. ''''' 'N
Wa f}ntl that lila manner throuo, v,3o, 1ov
Cooke l. Go, wore r,ormittei to Ii NJ o,, au rom
tic Government wtnt might be- called tamnoe
rarv loau of a Inrre amonnt of monev m tho
pimplo indorsomont on casl, certifoates of tia
First National Bauk at Washineton waH due to
the laxity in former Trona,,ry regulations of
which they took adyantnro in an NJ.
tempt to bolator up tLoir falling fortunes,
Tmme1fainlv affair tia fn;l,ro ~ +1,o LnnL
took effective stepe ind moRslros tiIrourL wf,icl
to obtain full and ample guarantee BY which
!AE n uo4E!HMEaT WILL he SECURED FROM LOSS
m