The New York herald., 1876-09-23

the Examining Committee three trustcesl c,ch $500
per nnnum, and The special Examining ,onu,s'uo ILL.,
Mcssrs Fem and Sharot were voted $500 each addi,
tona per year for their services as examiners IN 800
and part OF 1854 March Q, 1855 Mr. Fem offered the
Resolved that the salaries Of the officers and employs v'
ne be AZ follows President 500 seeoe,ay'
$500; Mr. Newman. 1900; Mr. J. l., fenn Jr, ssol
April la, Benefits salary raised to 49, 600 ana
so on through along Iogue OF appropriations whcn
are more particularly set forth IN the report
On October 10, 1870 Mr. Joslyn appeared beiore the
Board OF Trustees and made the proposition TO sell 10
the bank 100000 OF Chattanooga and Alabama ha'.
road Company bonds at par. Messrs Conkin and
Gregory later stated that the bonds considered
superintendent OF the Bank Department at Albany,
however, we'll the Attorney General gave writ
be made yet at q special meeting OF the Board oil
Trustees. November 80 Mr. Fem moved the purchase
OF $780, 900 OF these bods and IL was carried. App-
cation was successfully made to the Court Tor an IN
junction restraining the Board oil trustees from con-
summating the transaction. The sums drawn by the
from 1868 to 1915 inclusive amount to the
enormous figure OF Sl63 1877 and 10 this should DO
added over 5000 spent Tor refreshments"
Exhibit OF sundry securities. such as town OF
Morrsana bonds. city OF YOnkers consolidated bonds,
Wallabout Bay Improvement bonds, city oi Oswego
bonds, Guy oil Buffalo bonds, city OF Rochester bonas
costing tho bank S592 $50 and present market value
o about S623 100 showing handsome gain, exclusive
OF the interest due September II is greatly TO be
regretted that all the investments had not been equally
Juucious
cost tho bank $50647 O5 aud show loss to the nsti
tuiion nearly can DO calculated. of O455 S6
Tncir prospective value depends largely upon the ac
ton OF tho Stale legislature and consequently are
liable to great nuctuat,ons 1t Is therefore uncertain
whether the present prices will be maintained. The
bonds of the State OF South Carolina cost the bank
$50 $50, and be sold Today for about 81 800, but
II the interest from July l, 1S7l to September 1876
Is computed 1884, sos OS the loss To tnc deposors Is
$l5,3lS 0s Out OF the par value 5000. sl4l 900
are on-undabIe bonas, which are quoted at from
10 two cents the dollar.
BONDS OF NORTH CAROLINA.
These cost tue bank $40, $50, the market value is
SIS S4S the interest due from October l. 1868, 10 Sep
tcmber 1876, $50 27S 37-a loss Of $l0l, $50 81.
The bonds OF tue State OF Alabama the bank
sl57 7O0 the accrued interest amounts to S3I956 S.
making loss OF $l02 656 ST. Colonel Lawlor the
Funding Agent of the State is my authority for stating
that the bonds worthless and should be treated
atoal loss, and have gwen his therefor in
full In the detailed report
In Exhibit the par value of the bonds ond mort
cages gwen at $3.50 450 and tho appraised value at
S;42 600 Exhibit OF the report shows that tho real
estate by the hank cost $l33 1856 9S, and that
the probable loss in realization about $43 900.
Mcssrs O. W. Josyn * Co.'s transactions with tho
bank show a total loss. The firm have gone through
bankruptcy freed from their debts, mud their 'asscts
III the hands OF the assgnces consist ot about $500
money u 10. OF Old books OF accounts and largo but
worthless claims against different persons and firms
arising OF gold spcculations on "Black Friday,
1863
The following summary shows the liabilities by com
par.son between the par and appraised valucs:-