thousand m's for composition, and seventy-five cents per token for press work, which prices were allowed and paid by the legislature. That at the special session of the same legislature held in June, the same prices were charged and allowed; that at the adjourned session of the same legislature held in November, to revise the statutes, the same prices were charged and allowed; that the resolution in pursuance of which he printed the Revised Statutes, was adopted by the same legislature, which, at its three sessions, paid him the said current prices; that when it was first proposed to have the Statutes executed in six months, he went to members and urged them not to require the work to be published in so short a time, as it would cost great extra expense to this deponent; that the legislature, nevertheless, required them to be done in that time; and that the necessary consequence to this deponent was, that the Revised Statutes cost him at least ten per cent more, for printing, than any other work which he has ever done for the state. And the deponent further says, that he has also made a careful calculation with the foreman of the bindery of J. S. & S. A. Bagg, who superintended the binding of the statutes, with a view to ascertain their exact cost; and that the cost of stock used and the wages of labor employed in binding that work, are as near as can be ascertained, as follows: For stock, including binder's boards, sheep for covers, paste board for wrappers, muslin for loose backs, leather for raised bands, calico for head bands, acid for washing leather, waste paper for outside sheets, morocco and gold leaf for title, glue, paste, thread, and twine, and charcoal for furnace, not less than thirty cents per volume, For labor, including pressing sheets, and folding and tying up same, for toring, gathering and collecting, pressing and sawing, forwarding, cutting out leather, and finishing, with the superintendence of the whole by the foreman, not less than fifty-seven cents per volume, Making the whole cost of stock and labor for the Revised Statutes, not less than eighty-seven cents per volume, 30 57 87 Without calculating the expense of going to New York to purchase, the cartage of the stock from the wharf, the expenses of binders from New York, expressly for the job, the boxing up of the signatures after folding, to preserve from injury and for easy removal in case of fire, the insurance on the stock until it was manufactured, the expense of the delivery of the books at the Secretary's office, in the capitol, and other necessary inciden tal expenses, which must be considered before the profit of the work can be ascertained. JOHN S. BAGG. Sworn and subscribed before me, this 20th day of March, 1839. GEO. E. HAND, Notary Public, Wayne County, Mich. NOTE.-The above statement by Mr. Bagg, of the cost of stock for the Revised Statutes, was made from the examination of the bills of the cost of the same in New York, the actual expense of transportation and ten per cent discount for difference in exchange. The following statement of Mr. Volume, was made from the bills of the cost of the stock in New York, without calculating the transportation and difference in exchange. Zadock Volume, foreman in the book-bindery of J. S. & S. A. Bagg, being duly sworn, doth depose and say, that the following is a true and correct statement of the cost of stock used in binding the Revised Statutes of the state of Michigan, as near as the same can be ascertained, viz: For binder's boards, (per 100 copies,) Sheep for covers, Morocco for titles, Paste board for wrappers, Muslin for loose backs, Leather for raised bands, Calico for head bands, Paste, glue, thread and twine, Acid for washing leather, $3 33 4 14 28 5 1 50 0 50 O 1 18 0 25 0 25 0 3 00 0 Gold leaf for titles, Waste paper, (7,000 outside sheets,) 21 4 44 0 1 00 0 45 0 $26 52 3 And the said deponent further says, that the following is a true and correct statement of the cost of labor employed and paid for, in binding the Revised Statutes, after the sheets came pressed from the printing office, as near as can be ascertained, viz: For folding, tying up, &c., (per 1,000 copies,) gathering and collating, Carried forward, $6 00 4.00 And the deponent further says, that in addition to the above cost of labor employed upon the statutes, his own service as foreman, and the time of one boy, about the bindery, are to be taken into consideration, and that the following is a true and correct calculation of the same, as near as can be ascertained, viz : Three-fourths of foreman's time, Feb. 1, 1838, to April 1, 1839, $15 per week, (per 100 copies,) One boy's labor about the bindery, three-fourths of 8 months, $116 00, $11 12 me. 172 $12 84 ZADOCK VOLUME. Sworn and subscribed this 16th day of March, 1839, before GEO. E. HAND, Not. Pub., Wayne Co., Mich. Silas A. Bagg, of the firm of J. S. & S. A. Bagg, booksellers, book-binders and stationers, in the city of Detroit, being duly sworn, deposes and says, that he has made a careful calculation with his partner in business, of the cost of the paper used in the Revised Statutes, Session Laws, Journals and other work, the charges for which are now before the legislature, and that the cost of the same at the wharf in this city, including purchase money, boxing and cartage of paper at the mill, charges of transportation, insurance in transitu, and difference of exchanges, is as follows: Paper for the Revised Statutes, per ream, $5 45 do do Session Laws, Journals, &c., 4 95 And the deponent further says, that the customary charges of the said prices of J. S. & S. A. Bagg for binding current work for individuals, like the Session Laws of 1838, are 50 cents per volume, and for work like the House and Senate Journals and Documents, 75 per volume, and for work similar to the Revised Statutes, from $1 25 to $1 50 per volume. SILAS A. BAGG. Sworn to and subscribed, this 18th March, one thousand eight hundred and thirty-nine, before me. GEO. E. HAND, Not. Pub., Wayne Co., Mich. (No. 4.) Statement of the cost of paper for the Revised Statutes, Session Laws, Journals, &c. First cost of 810 reams of paper for the Revised Stat utes, at $4 00 per ream, $3,240 00 First cost of 279 reams for Laws, Journals and other work in bill, at $3 62 per ream, 1,012 37 Aggregate first cost of 1,089 reams, $4,252 37 Boxing and cartage, 20 reams to a box, 54 boxes at $1 37 per box, 74 22 Insurance on same from New York to Detroit, at one and a half per cent prenium, 64 89 Cost of transportation of same at $9 68 per box, Add for discount or loss of exchange in Michigan money, 20 per cent, 522 81 996 14 Cost of paper at the office, $5,910 43 Insurance of one and a half per cent on half in office until delivered, 44 32 Interest on cost of paper as above (9 months) at 7 per cent, Making actual cost of the paper, April 1, 1839, with out including expenses to New York to purchase, postage, &c., 312 62 6,267 37 Deducting the above from the amount charged in bill, 6,326 70 Leaves, to bear expenses to New York to purchase, pay postage, &c., $59 33 (No. 43.) Report of the Committee appointed to investigate the affairs of the Bank of Ypsilanti. The select committee appointed to examine into the affairs and condition of the Bank of Ypsilanti, beg leave to report; That as soon as the business of the House would permit after their appointment, your committee proceeded to Ypsilanti for the purpose of examining the books and papers of the said bank. They were there two days. They took some testimony, and have since been engaged in taking statements of individuals who reside in this city, or who have been so connected with the bank, as to be able to throw light on the very mysterious and daring frauds that have been committed upon the public in the failure of that institution. Your committee, in examining the books minutely, could find nothing in the least, to implicate Mr. Tredwell, the late president of the bank, in the fraudulent transactions that caused its suspension. Mr. Tredwell and his friends, took the controlling interest of the stock of the bank at its commencement, and so held it till the 27th of September last. On that day, nearly all of the stock was transferred by Tredwell and others, to Theodore Romeyn, of this city, who had previously made arrangements for its purchase, with the expectation of connecting it with the Central bank of New York, at Utica, It is understood by the committee, that Mr. Romeyn made the arrangement to purchase with Mr. Stevens, and others of Buffalo, partners and friends of Mr. Tredwell, who felt himself bound upon a sufficient guarantee that the institution was going into good hands, to accede to their wishes, and ratify the contract. In this matter, as well as in the management of the bank generally, while he was executive officer, your committee have no hesitation in saying, that Mr. Tredwell manifested a due regard for the public interests, and is in no way blameable for the present prostrate condition and ruin of the bank. One of the conditions of sale was, that certain discounted paper of the bank should be given to Mr. Tredwell, as payment for the stock. It was so paid, and upon the resignation of Mr. Tredwell, as president, a new board of directors, with Mr. Romeyn as president, was appointed, who immediately passed upon and discounted certain other paper to the amount of nearly or quite one hundred thousand dollars, which was said to be good, and your committee believed was so. Since that day, Mr. Tredwell has |