The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1893-10-27
THE EXPERTS REPORT.
Complete Showing Of Affairs
of Hamilton, Job T. Co.
Advisory Committee Meet and
Adopt the Report of
w. T. Branch.

The long-looked-fOr and much
desired report Of the expert, who
for five weeks has been investigat-
ing the affairs of the Job bank is at
last before the public. It was sub
mitted to the advisory committee
at meeting held in the bank par
lors at 8 o'clock last night. The
members present were J. M. Bloss,
chairman, P. M. Zierolf, Punderson
Avery, John Priest, and Assignee
Bryson. The other member of the
committee, William S. Ladd, of
Portland, was notified but did not
attend. The fullstext of the report
is given below. The total expenses
of the experts services during the
investigation was $3.50. Mr.. Branch
left for Portland Saturday morning
WHAT BRANCH SAID. --
Mr.. Branch the expert was seen
at the bank this morning and made
the following statement to the
GAZETTE ! representative: "There
was no crooked work, neither
was there any money slowed or
hidden away. My investigations
have been%Ssearching and no item of
fraud couldihave escaped my notice.
Therej weres,s't perhaps unwise in
vestments; but there was no evil
dent intention tic. do wrong. The
two brothers evidently had i'm
plicit confidence in each other and
frequently made no note of trans
actions, which made their business
methods appear loose. In making
up the report I have held no COM
munication or conversation with
any persons interested in the bank,
and the report is made up wholly
from my findings and is a correct
and impartial showing of the banks
affairs.
Mr.. Branch, the expert, was at
one time city auditor. of Portland
and came to Corvallis on the recon-
mendation of the First National
bank of that city. In response to
the question:: 'sDo you think that
in the event another expert was to
make an examination of the bank
records the findings would be diff
ferent than those you make public
to-day?" he replied, do not see
how there could possibly be any
difference"
"a THE REPORT.
P. AVERY, SAdvisory Com.
P. M. z1rnoLF, ~
J. P. PRIEST. -a,a.r. ~ i
In the matter of the Assignment of
Messrs. Hamilton, Job & Co.
GENTLEMEN: 5 -dt g7a3' . II
In accordance with my appoint
ment by you and at your request.
I have examined the books and ac-
counts of the banking house of
Messrs. Hamilton, Job & Co.,for a
period of seven years past, with a
view to determine as to the correct
ness of the accounts, the character
of the investments, with view to
the knowledge of the same and such
information as might be of bene-
fit to the creditors Of said banking
house as represented by your COM
mittee. I therefore beg leave to re-
port, that, accepting the original
entries as correct, I find the clerical
informally correct, there being but
few errors, and those found making
no material difference in the result.
But I find vast amount of work
wanting in that detail and explana-
ton needful to fair and satisfac-
tory understanding of the same in
its examination. I have sought to
exercise a judicious and careful in
depreciation of the intent of the
parties in interest in the business.
I find that no trial balance of the
general ledger has been had at any
time and an effort to balance ac-
counts was made daily by comput-
ing the amounts received and
amounts disbursed, and any. dis
crepancies we're settled daily by
charging the difference to "long
and: short" account, which account
the close of business June 9th, 1893,