The Russellville Democrat., 1876-06-08

 from the piaa, locality and work- raaaship, is one of she besi baild- ings in the staie." but ie aisa says that the dei,ss dae to the bgaaeh eouId not be collected, aiat il xsaId take all her eastern funds to pay her quota Of the in- teresf due in 1s8I, 0n the bonds, and all her specie to pay the in- terest due in IS4z. @Itis as clear to ne as monday, that the banks of Afkzasas cannot do anything in the way Of g general banking business, for the next five years to come, only to keep A strict watch oyer debts due to them, keep their bills receivable renew ed, and the interest paid On our state bonds at maturity. If sliIs is not done, our credit is lost a. a state and we cannot recover it again in fifty years to come. Il strikes me with great force that the only way to obtain this object is to call in the branches and con ccntrate all the business to some one point under the management of 2 strict directory"
 Messrs. David Walker. one Of the present associate justices of the supreme court, and F. C. Byrd were the commissioners appointed to examine the branch ai Fayette- vile. In their report dated June z0th, lsll, they say: Having as ccuained as far as practicable the amount Of gold and silver, bills and notes of this and other banks, the notes and bills discounted and on hand, and other credits, tie next and far most difficult part Of duty was to ascertain what amount of cash should have been in baLk-the manner in which 1t has been conductsd-its profits to the state, ifany, and the several subjects of special in- gtruction. We regret to inform you that oar investigation of this branch of our trust has been rendered difficult and uncer- tain for want of the books, alleged to have been stolen from the bank q few days before our examina- tion commenced; all of which have been found and are still leg ible, except that which contained the cash transactions of the bank, the exchanges and other impOr- tant entries. This book, when found, had all the pages contain ing entries cut out, and thereby precluded the possibility of an accurate investigation within the limits of service contemplated by our commission. For the pur- pose of obtaining as full inforrna- ton as practicable, we addressed the cashier, Propounding to him such intcrrogatorics as we con ceived most important. We were particularly anxious to ascertain the amount of specie in banks, constituting the actual capital at the time of the suspension-the amount of deposits in specie at that time or since-the amount of exchange sold by the bank, be fore, at and after the suspenslon- and the terms upon which it was sold, and directed our inquiries on those points to the cashier, and regret that the means have not been furnished of reporting accurately on those subjects, the minutes of the directory do not furnish evidence, nor are we ena- bled to ascertain that any account of the cash, bills or notes dis counted, has ever been made from the organization of the bank, un- til within the last ten days. The cashier, in his answer to a call ma C on him, to explain the cause of diminution of specie in the bank after suspension, says that at the time of the second re- port to the general board, and ever since that time, he has re-
 ported larger amount of specie than there was actually Tn the
 bank at the time, but did not state what should have. been the true amount. He alleged that he acted under the authority of the