The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1876-12-21
$1Go,71S 30
$270,155 so



ltltS. SlUS, fO9 II
The bills receivable are in every IN
stance well secured by either good en-
dorsements or by real estate securities.
Most of this class of paper has already
matured and can, with out little delay
ana tritiing expense, be collected.
There is large mass of claims of this
character which, being of doubtful
value, the committee have rejected.
The personal property consists of
stocks, warrants, land certificates,
bank safes, and Office property of va
rious description. The stocks, even
those selling on the market at pre-
MUM, are valued only at the cash as
sessments paid in, and are regarded as
among the best in our market. TIE
safes and other office property are
rarely valued at more than one-half OF
their cost price and are usually in a
condition of good repair.
The oycrdrawn accounts are in every
instance regarded as collectable.
The rural real estate consists in the
aggregate of 1919, 6SS acres of land, and
has been valued with respect either to
the selling price of contiguous tracts
of the same character, or with respect
to the selling price of portions of the
same body of land, or yet further upon
reliable information obtained from
land men personally acquainted with
the land in question. In other words,
we have sought to classify and value
the land at fair market price, at
neither less nor more than it is worth.
II addition, we will remark, that most
Of the land appears to have been loca-
ted or bought with much discrimlna-
ton and with view of rally and
profitable sales.
The city real estate consists of the
bank building of c. r. Johns Is Co.
and the lot upon which the same is
situated together with the GXturcs at
Tackled to the hack, nj. OF which have
been valued a. $3J 600 this price -
log Slj 600 less thau the COS, PFC. OF
iAe same,
Also, lots Is and ID. iig.qon 3, and
lot No, -, dIUeioa 2 OF the city Of
Austin, Texas, in al sixty two ang
ave-tweltths acres, valued at Si2, 900
= : - se'v 5s--esf rs oi foul-diths o.
ice5 ? arG 6, u bisck 69,,'Tr7esAi. l24 os
hy i3s feet, eo.aer OF Pecan II eet
aud EIss AvcEu-, improved, va
ued "a, f5Q0H, ana two-Juilds Of 'ols
So, 81 and 81, 5lsi5ir- o. e..- ~ Ans
,lp, Texas, 10 ali s acres, valued at
$40 goo
The committee deem t an act Of
iustics TO the firu ri r. Johns &
Co. to give it as the sn nion that the
immediate cause iudLo.ng the sUspen-
sion of the corporation OF c. Il. Johns
& Co. was the unusual and continuous
run of depositors upon the bank dur
ing the four months preceding their
failure, for 1t appears from a careful
examination of the books that the ex-
cess of money drawn over money de-
posted during the month of September
was SIG, $50; during the month of Oc-
tober was SG743; during the month of |
November was So 0O0; during the
month of December, eight DAYS, was
SIC, ais; total excess S65. 5Si.
1t also further appears, from care
full examination OF the books of the |
bank, that on the eighth day of De- |
cember, A. d. 1876, Mr.. c. r. Johns |
was indebted to the bank but $40. 05,
Mr.. Everett was indebted but $a4. so !
and Mr.. W. Won Rosenberg was an &C
tual creditor of the bank 70 the amount /
a $6Sa.
The committee made this investiga- |
ton st the special instance aud request {
OF the members % the firm OF {. r. /
Johns y Co., and submit 1t with their /
report as an evide3ce aud assurance to I
the creditors that their money has not |
been expended in the personal Injuries
Of the members Of ne firm of c. X. 1
Johns S Co.
The committee. N the further dis
charge Of their trust, beg leave TO sug-
gest the following as a rude outline of
their idea OF the best measures to be
adopted ana pursued by the creditors
II c. r. Joans & Co., With The end in
new OF prompt aud full payment of
avery dollar due and owing 10 thems
!. We recommend thc creditors as
! body 70 sbssain from hssty ami pre-
,ipitaie litigation, whieh cannot b1s
.nune 70 the injury Of sil parties cen
,erned-
: To seoepE she sssignnest made
. A. !. Peeier, Esq, fortAe benefit Of
u the creditors.
s. To have The chairznaE o. the
nesting Of the ears appoint
,ommiltee Of ihvas gentlemen. wh9
hall be chooses visa esQeclal regard -
he1r fkdess lof The nt,ie .nd wh3
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