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And decided in the negative-ayes 23.

The question was next put on the resolution offered by Mr. Trimble,to issue a scire facias, and also decided in the negative-ayes 28,

The resolutions offered by Mr. Spencer, and also referred to this committee, were withdrawn by him;

and

Seminole war, not yet ended. The committee of the sage of the president as relates to the Seminole war, senate, to whom was referred so much of the meshave made a report in decided reprehension of the acts of the commanding general.

Nothing else of immediate importance, has been transacted in congress since our last.

CHRONICLE.

General Jackson. We shall record a particular account of the honors showered upon this illustrious chief in his late tour-their history belongs to the na tion. The general has been every where received and at New York, especially so. with the highest respect that could be paid to him; Baltimore this day, and the two brigades are very He is expected in handsomely ordered to be in readiness to receive him, Mr. Spencer proposed various amendments, intendWashington's birth day-The 22nd inst. was honored to render the provisions of the bill more effec-ed in all our principal cities by military parades, satual; all of which were agreed to. lutes of artillery, displays of the national flag; and by balls, parties and suppers, &c.

The committee took up the bill reported by the bank committee, to enforce the act of incorporation, by prohibiting the pretended distribution of shares for the purpose of undue influence in the election of directors.

Mr. Bassett moved then two amendments, the first, substantially, to compel the bank to redeem all its notes with specie, at whatever branch they might be presented for payment. The object of the second amendment was to prohibit any director of the bank, while acting as such, from dealing in the stock of the bank, Both propositions were negatived by very large majorities; and

The committee of the whole then rose, and reported their proceedings to the house, and

The house adjourned.

On Thursday the house agreed to the vote of the committee of the whole, for disagreeing to Mr. Johnson's resolution to repeal the charter of the bank, by yeas and nays-as follows.

For concurring in the disagreement-Messrs. Abbott, Adams, Anderson, Ky. Bateman, Bayley, Brecher, Bennett, Bloomfield, Boss, Bryan, Butler, Lou. Campbell Clagett, Cobb, Colston, Com stock, Crafts, Cruger, Cushman, Darlington. Davidson, Earle, Er vin, S. C. Fisher, Folger. Fuller, Gage, Gilbert, Hale, Herkimer, Hitchcock, Holmes Hopkinson, Hubbard, Hunter Huntingdon, Jones, Kinsey. Kirtland, Lawyer, Lewis, Lin, Little, Livermore, Lowndes, M'Lane, Del. W. Maclay, W. P. Maclay, M'Coy, Ma gon, Mass. Mason, R. I. Mercer, Middleton, Mills. Sam. Moore, Morton, Moseley, Murray, Jer. Nelson, H. Nelson, New, Newton, Orr, Owen, Parrott, Pawling, Peter, Pitkin, Pleasants, Poindexter, Porter. Quarles, Reed, Md. Reid, Geo. Rhea, Rice, Rich, Ringgold, Robertson, Rogers, Ruggles, Sampson, Savage, Sawyer, Scudder, Sergeant, Settle, Shaw, Sherwood, Silsbee, Simkins, Slocumb, S. Smith, Bal. Smith, Alexander Smyth, J. S. Smith, Southard, Speed, Spencer,Storrs, Strother, Stuart, Md. Tallmadge, Tarr, Taylor, Terrell, Terry, Tompkins, Townsend, Tucker, S. C. Tyler, Upham, Walker, N. C. Wallace, Wendover. Whiteside, Whitman, Wilkin, Williams, Con. Williams, N. C. Wilson, Pen. -121.

Maryland. The legislature adjourned on Saturday last, after passing about two hundred laws.

The pirates, Williams, Rog, Peterson and Frederick, convicted at Boston of piracy and murder on board the schooner Plattsburg, of Baltimore, 18th inst. The first was a native of the state of New were executed on Boston neck on Thursday, the York, the second of Minorca, in Spain, the third of Denmark, and the fourth of Sweden. Their conduct in prison is said to have been exemplary, and they met their fate with firmness.

Public lands. A bill that is considered very important, has passed the senate, to refuse future credit on sales of public lands. Government appears to have been driven to this necessity by the frequent, and sometimes very unreasonable, demands for deferment of payment.

valuable land, in Putnam county, one of the thickly Mr. John Jacob Astor claims 51,162 acres of very settled districts in the state of New York. It appears that this property was sold as forfeited to the state by the attainder against a certain Roger Morris and his wife, and disposed of to various persons, from 1782 to 1785-but the records shew the sale of only 38,486 acres, 24 perches, and for the sum of $59,784 37. Morris and wife, it is said, had only a fe estate in the property; the former is dead, and his relict is 86 years of age; the claim of the heirs has been Against concurrence. Messrs. Allen, Ms. Austin, Baldwin, Ball, pointed by the state have made a report on the subrelinquished to Mr. Astor. The commissioners apBarbour, Va Barber, Ohio, Bassett, Blount, Boden, Burwell, Desha, Garnett. Hall, of N. C. Harrison, Hendricks, Herrick, Hogg,ject--they contended that if the claim was substanHostetter, Johnson, Va. M'Lean, Ill. Mercband, Robert Moore, tiated, Mr, A, would be bound to pay for all imT. M. Nelson, Patterson, Pegram, Pindall, Seybert, Trimble, provements, but his counsel dissented from this opinion-Mr. Astor agreed to take three hundred thou sand dollars for his claim. The committee conclude with saying that Mr. Astor "manifested a liberal disposition to aid and facilitate their inquiries."

Walker, Ken. Williams, N. Y.-30.

Mr, Trimble's resolution to order a scire facias, next came up. The nays on concurring with the committee of the whole, in its disagreement to this resolution, were as follows:

Messrs. Austin, Ball, Barbour, Vir. Barber, Ohio, Basset, Blount, Boden, Burwell. Butler, Lou. Campbell, Desha, Ervin, S. C. Floyd, Hall, N. C. Harrison, Hendricks, Herrick, Hitchcock, Hogg, Hostetter, Johnson, Va. M'Lean, Ill. Marchand, Marr, Robert Moore, T. M. Nelson, Patterson, Pegram, Pindall, Rhea, Rogers, Spred. Spencer. Tarr, Trimble, Tyler, Walker, Ken. Williams, N. Y. Williams, N. C.-39.

So the resolution was rejected, all the rest of the members present (116) voting in the affirmative.

Some time was spent in amending the bill to regulate voting, &c. It was made much stronger than originally reported, and finally ordered to a third reading, by yeas and nays-98 to 38.

A bill making appropriations for the public buildings, was next considered, and ordered for a third reading.

spot bearing W, by S. per compass, 10 leagues from Some very fine cod-fish were lately caught at a cape Henry.

Memorial of George Williams.

To the honorable the house of representatives of the
RECEIVED AND READ, FEB. 15, 1819.
United States.

The memorial of George Williams respectfully the documents reported by the committee of your sets forth; that having this day obtained a copy of house appointed to examine into the proceedings of the bank of the United States, he deems it pro

Nor

per to submit to the house of representatives some as a director of its concerns. He did not understand explanation relative to his conduct as a government that his appointment implied any restraint on his ac director, which has been the subject of animadver- customed commercial dealing, or that, in clothing sion in the report of the committee. The imputa. himself with the office of a. director, he thereby tions charged against your memorialist are three- abandoned his profession, or lost the character of a fold-First: that he subscribed eleven hundred and merchant. His purchases were made openly in the seventy two shares of stock in as many names, as market, and his engagements relative to them fairly their attorney, for the purpose of unduly influenc-entered into and honorably fulfilled. ing the election of directors. Second-That he Your committee have appeared to suppose that was concerned in the purchase of one thousand sundry measures were adopted by the board of dishares for the account of Mr. Jones, on which a con- rectors, which, having had the effect to raise the siderable profit was realized by that gentleman, in price of the stock, were entered into for the purwhich the committee seem to suppose there was pose of giving an artificial and temporary enhance. some unfairness. And third-that your memorial- ment to those prices. The measures alluded to are ist, while a government director, had been deeply principly the resolutions to pay dividends in Engconcerned in the purchase of stock, and in the mak-land; to loan to subscribers to enable them to pay ing and purchase of contracts for the delivery of the second instalment; to loan on stock at par: and stock. With regard to the first allegation, he ob- subsequently, to loan on stock at one hundred and tained names and subscribed one share each on twenty five dollars per share, with requiring an adthem, for the sole object of securing a considerable ditional name. Your memorialist was not a director amount of this stock, entertaining a very favorable at the time the two first of these resolutions were opinion of the institution--but in so doing he had not passed, and not residing at Philadelphia, and consethe remotest view to influence the election, not be- quently seldom being present at the sittings of the ing even a candidate for the office of director him- board, he was absent when the two last of those self. He procured also, eight hundred shares to be measures were adopted, so that he had no individual subscribed for him in different names, in ten and participation in any of those proceedings. twenty shares each, in Lexington and Cincinnati, does he recollect ever to have advised or assented with the same object. The whole of the cleven to the payment of the dividends on delinquent hundred and seventy two shares were voted singly stock. He will, however, take this occasion to ob at the first election, the transfer books not being at serve, that he entertains a thorough conviction that that time opened, and every share taken in single all those measures were entered into in perfect mmes as then voted, whether held by the real pro-good faith, and with no sinister or interested views prietor or by proxy. The shares above referred to, on the part of the board of directors; and he does not were subsequently consolidated, and were never, af- doubt, that, if he had had a vote at all on any of those ter the first election, voted as if held in single resolutions, they would have received his full apnames. They were not voted on by the memorialist, probation, whatever may now be thought of their but by the agents of the Baltimore stockholders, in wisdom or policy. common with other shares held there; and although In conclusion, your memorialists begs leave briefthese stockholders held one fourth of the votes, ly to notice the remarks made by the committee while those of New York held only one-twelfth upon his examination before them. He stated to thereof, it is decisive evidence that no undue influ- the committee his perfect readiness to answer all ence was attempted to be exercised, in behalf of the enquiries which regarded his conduct as a public Baltimore interest, since only two directors were director, and even to disclose to them the particuelected into the first board from Baltimore, and a lars of all his contracts and concerns of every nature, like number from New York. In noticing the se- relative to his purchase of stock, for their satisfaccand charge, your memorialist avers that there is tion-but, understanding that the statements furnot the slightest foundation for imputing, either topished, and the result contained would be printed himself or to Mr. Jones, the late president, any un-and published, he declined exhibiting for public infair or improper motives in that transaction. But spection his private transactions, they having not the be forbears to go into a statement of its particular least connexion with his proceedings or character as circumstances, inasmuch as that gentleman has pre-a director of the bank. And, your memorialist acsented documents in his justification to your house, knowledges that he made no explanations before the establishing, as he trusts exclusively, its innocent committee in extenuation or vindication of his conand honorable character. duct, as it appears by the report he had the op

his conduct required either apology, extenuation or vindication. During the two years he served his government as a director, he endeavored to fulfil the duties of his honorable appointment to the best of his judgment and abilities. He arrogates in his behalf no praise for manifesting either-but he claims confidently the merit of having, at all times and on all occasions, discharged those duties with

In reference to the third allegation, your memoria-portunity given him to do, both because he did not list acknowledges that, having believed that the then understand, to the best of his present recollecbank of the United States, being chartered by con- tion, that he was expected or invited to make exgress, would receive the countenance and be invi-planations for such an object; and, moreover, because gorated by the fostering protection of the govern- he did not conceive, nor does he now conceive, that ment, that it possessed great advantages, which in its progress would be continually developing, and becoming daily more evident-and that it would be prosperous and productive, beyond any other monied institution in the country, he early made large investments in its stock, both by original subscription and by purchase: that almost all he ever obtained he continues now to hold; that in so doing he had not the most distant idea he was acting inconsistent-perfect integrity and uprightness. ly with his duty as a public director, or that he transgressed the bounds, which his obligations in that situation imposed upon his conduct. Nor did he imagine that, in proportion as he increased his interest in the institution, he thereby diminished His fidelity to it, or became the less qualified to act

Your memorialist, forbearing to invoke in his fa.. vor that share of reputation which his fellow-citizens have heretofore accorded to him, and which has been hitherto unimpeached, relies with entire confidence on the justice and impartiality of your hono rable house to acquit him in his character of a pub

lic director, (in which character alone he has any | Subscriptions were also made by other persons for his use, chiefly

Fight to ask to be heard) of all unworthy and dishonorable imputations, where no evidence appears to condemn him, and to believe his motives to be correct and pure, where his actions cannot be shewn to be either criminal or even blamable,

GEORGE WILLIAMS.

Baltimore, February 10, 1819.

Bank Documents.

CONCLUDED FROM VOL. XV, PAGE 473.

Mr. Cadwallader Evans, jr.

6th question. He does not know of any, excepting that which bas been transferred to the cashier in security of discounted notes. 8th. He paid the whole of it in specie upon one hundred shares, originally subscribed, and thinks he gave about 8 or 10 per cent.; he paid it on 200 shares afterwards purchased, from money de posited in the bank of the United States.

11th and 12th. In November or December, 1816, he purchased 200 shares, at 14 dollars advance; in the latter part of August, 1817, he purchased 10 or 12 shares more, at 48 dollars per share, and sold the 10 or 12 shares in a week or two after They were purchased, at 152 dollars, he thinks: he thinks he does not know of any other director having bought or sold, except from general report, 15th. About the middle of August, 1817, he made a contract, through Biddle, Wharton and Brothers, with J. C. Smith, for the sale of 200 shares, payable and deliverable in six mouths, at 145 dollars per share, with interest, the purchaser to receive the dividend; a note was taken, and at the time agreed upon the stock was paid for and transferred. He does not know of any other director having made any contract for the purchase or sale of stock

15th. He knows nothing but from general rumor.

Mr. Robert Ralston-his examination.

6th question. He does not know of any being so held, except. ing that he has 50 shares in his own name, in trust for Josiah Roberts, of London, and 167 shares in trust for his children. 8th. He paid the whole sum, 10,000 dollars on 1000 shares, in coin; specie was at five per cent.

in Baltimore and in Philadelphia, for upwards of six thousand shares. The stock so subscribed, both by himself and his agents, was divided from 2 to 20 shares to a name. The motives for using so many nanies was to secure the stuck, and to obtain an influ elice at the election of directors. He was anxious to have the institution well managed in which he held so large an interest. He also procured, through Mr. Girard's subscription, 2000 shares. He purchased immediately thereafter, 8000 shares, at an advance of 4 dollars, and about 9000 at subsequent periods, from 10 to 17 dollars advance. Those cases where the shares were so divided, he subscribed as attorney for the individuals whose names had been used, and those shares really belonged to him, and were princi pally voted upon by him at the first election, or to others who were interested with him; soon after the first election was over, they were transferred by the individuals whose names were used, to him and to his order. He thinks the commissioners at Philadelphia must have known that the shares upon which he voted as attorney, belonged to him.

sold to his knowledge. He has known Mr. John Savage to buy 11th and 12th. A number of the directors have purchased and occasionally, and sell a few shares. Mr. S. bought 1000 shares at 152 dollars, in the last of August, 1817, which he yet owns. Nathaniel Prime has purchased; he has no actual knowledge of N. Prime's having seld on his account, he believes he has. John he had purchased a quantity of stock at 150 dollars, which he Goddard has bought and sold. He understood Mr. Jones to say now holds, but Mr. Smith does not recollect the amount; he be lieves Mr. John Donnel has neither bought or sold stock, but holds what he originally subscribed for, about 4000 shares; he has known Mr. George Williams to purchase a considerable amount of stock, but has never known him to sell any; Mr. John Bolton was concerned with him in a purchase of shares at from 150 to 155 dollars per share; he does not recollect the amount, but thinks at least 1000 shares; he has himself made many purchases and sales of stock, but cannot state the amount.

13th and 14th. He knows several directors to have contracted to receive stock, but none to deliver it, except bimself, who has contracted to do both.

About the 20 August, 1817, Mr. Jones was interested in a pur chase of a contract for stock, which was made by a broker, Mr. Neven, in Philadelphia, on account of D. A. Smith; the whole contract was 3000 shares, of which, Mr. Jones had 1000 shares, Mr. Savage had 1000 shares, and Mr. Jonathan Smith had 10.0 shares, at 135 dollars per share; they were delivered in about 10

11th and 12th. He does not know of any; he has himself pur-days, and the contract was fulfilled by the payment of the differ chased, in April, 1817, one hundred shares, at 81 3-4, subject to the last instalment being then paid.

13th and 14th. He does not know of any director having made any such contract.

15th. He does not know of any.

ence, to the amount of 40,000 dols. or thereabouts. There was a cou tract made by Mr. George Williams and himself, with the Com mercial Bank in Philadelphia, for the benefit of Mr. William Jones, he thinks, for 1000 shares; the contract was fulfilled by the delivery of the stock, which was sold, and the profit given to Mr. Jones at the making of the contract, of his being interested, but previous to its maturity, such an intimation was given. The profit on those 1000 shares, was paid Mr. Jones in money; he thinks the profit was about 15,000 dollars. If the concern had been a losing one, it was the determination of Mr. Williams and himself, not to apprise Mr. Jones of it. He has made distinct contracts on his own account, with the Commercial Bank in Philadelphia, for the purchase of stock, one for 1000 shares, and one for 1700. Mr. Williams made a number of contracts, for the purchase of shares, but made none for the sale of shares, to his God-knowledge, Testimony of Clerks in the bank.-Jonathan Patterson, first

Mr. Thomas Leiper-his examination. 6th question. He knows of none. At the time of the subscription, he took 100 shares, ten shares in his own name and the residue in other names. It was generally divided in small parcels by the subscribers. They divided in this way to affect the election. They are now all consolidated in his own name. He was one of the commissioners for taking subscriptions.

8th. He cannot give an answer to this question.

11th and 12th. He has heard Mr. Savage say he had bought and sold, and that if he sold now he would be a loser. Mr. dard told him he had sold; he knows of no other director, except from general rumor; he has himself never bought or sold.

Mr. Coulter-his examination.

13th and 14th. He has no personal knowledge on the subject. 15th. He knows nothing respecting such purchasers, if any; but has no doubt there has been a great deal of that business done. 6th question. He answers in the negative; the stock subscribed by him was divided, as was generally the case, to affect the first election; but he has since consolidated.

He paid the two first instalments in coin and funded debt. He does not knew at what rate specie was then sold, as he imported his coin. About July, 1817, he sold coin for the India trade at 20 per cent advance. He paid the coin part of the third instalinent also in coin.

11th and 12th. About ten days ago, he sold 140 shares, at 112 dollars, and this is the only sale he has ever made; he has made ao purchases He knows nothing of any other purchases or

sales, except from common report.

13th and 14th. He answers in the negative. 15th. He answers in the negative.

The deposition of D. A. Smith.

Baltimore, Dec. 30th, 1818. Dennis A. Smith's examination. 6th. He knows of a great variety of stock having been held in trust; a number of shares have been hypothecated in England and to individuals, for the purpose of obtaining loans; he knows

of no other.

8th. I paid the second instalment on 39,000 shares, and paid the specie proportion of 10 dollars per share in coin, and in draughts on Boston, which were equal to coin. The funded debt proporon I also paid as directed by the charter. I obtained no discount from the bank of the United States, or its branches, to enable me to meet the payment of my second instalment; but I was an advocate for the measure adopted by the board to aid the stuckhold Es in making that payment, by discounting notes at short perials, payable in specie. The specie and draughts on Boston, cost me from 4 to 6 per cent in Philadelphia. The exchange between Baltimore and Philadelphia, at that period, was about 4 per cent. 9th. He subscribed in his own name, and as attorney for sundry persons, but for his sole account, for 3100 shares at Baltimore.

Teller.

'He was first teller on the 28th August, 1818, but was absent from the baik; he has generally paid out the paper of this bank, and never paid out the branch notes when supplied with their own, and when they were paid out, they were in notes of small denominations, tens and fives principally: but they never as mounted to any considerable sum. Soon after his return to the bank, which was two or three weeks after the 28th, the notes of the branches were received from travellers; he has exchanged small sums with persons who stated they had received the branch notes from the bank, before the resolution was passed.

Caleb P. Idding-third general head, third question. Twenty-eighth August last, he was second teller, (receiving tel. er he knew of the resolution immediately on its being passed, (about 1 o'clock) but understood it was not to take effect on that day; he never paid out any other than the notes of the bank, except in cases of necessity; he on that day received all cranch notes that were offered; since the 29th, he bas received the notes of branches only in payment of duties to the government, except in very few instances, a small note would be received to save a pro test, but never as a favor to individuals, and generally on his own responsibility; he acted as first teller on the 28th August, and for about two weeks after, and no notes of the branches were received from travellers, during the time when he so acted as first teller; the only notes of branches which were paid out immediately before the 28th Angust, were those of small denominations, and never amounted to any considerable sum.

Jacob Clarkson.

He was discount clerk from the organization of the bank till Mr. Burtis succeeded him; he kept the offering book from M to Z, and the account of notes discounted on pledged stock; and he kept the offering of notes on pledged stock, there never was any note discounted on pledged stock, without their being payable to the cashier, unless in the case of discounts above the par value, when an endorser was required for the excess; Joseph T. Clements was associated with him in the discount department. In the case of notes offered for renewal of those which had been dis counted on pledged stock, and which fell due on intermediate days between discount days, the discount has been made by the

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11th and 12th. He has no precise information on the subject~ upon which he could rely.

13th, 14th and 15th. He does not know of any such transaetions.

president and cashier, without being communicated to the board. and before a meeting of the board, it was considered a matter of course, thus to renew them; he does not know of any authority having been given by the board to the president and cashier, to discount any notes, to the amount of 500,000 dols. or to any other 1st. There was no specific fund appropriated; it was a matter amount; and he does not know of the president and cashier hav- of course here, to discount en pledged stock, and ther the dis ing discounted any original note, (not a renewal) except as it ap-counts were made by the president and cashier of this office, pears from the books, that notes have been discounted, without under a verbal authority given by the board of directors of this baving the letter a annexed to them; all the notes marked a, in office. the discount book, were done at the board, those not marked, 2d. He believes they were all paid without renewal, excepting were entered by his generally, and as discounted by order of the in two instances, in these, notes were renewed to the amouut of cashier: be mentions the discounts of

S. Gratz and brothers, for

August 9th, M. Ball

Savage and Dugan

Calhoun and Matthews

August 18th, M'Euen, Hale and Davidson,

Dockeray Smith

August 29th, George Rundle

John Bolton

As being original discounts.

dolls. 10,000

6,500

17,500

40,000

140,000

22,000

17,500

243,400

He has no knowledge of the president and cashier, or either of them, having discounted notes, or made loans which are not entered in the books.

5410 61 cents.

3d. Those notes were generally renewed and continued so up to this time.

4th. He believes it was generally known.
5th. He refers to the cashier for information.
6th. He refers to the cashier for information.

James W. M'Culloh-his examination.

Oth. He knows of 4000 shares held by Richard M. Johnson, as assignee of James Prentiss, of Kentucky. He knows that a large amount of stock is held in England and in New York upon hy. pothecations, for the purpose of obtaining loans; he knows of no other; that some was held by the bank of the United States and its offices.

Henry J. Hutchins-second general head, fifth question. 8th. He paid the whole of the specie part of the second instalFrom the organization of the bank, until the 28th October, 1817, ment on the shares held by him, in coin, and by draughts on Bosbe has bad charge of the business, of receiving the instalments on ton, which commanded coin, and for which he paid the same the capital stock. He attended only to receive the funded debt, price as for coin: be paid eight and ten per cent. in Baltimore part of the 2d instalment; the coin part was received by Mr. Id-for specie and draughts. About a month before the resolution dags, the 2d teller; he has no knowledge himself of the 2d instal was adopted, authorizing discounts to facilitate the payment of west being paid by the proceeds of discounted notes, and did not the second instalment, specie, he understood, was at 25 per cent. know from what source the funds were drawn. When more than in Baltimore. the coin part was received instead of the fanded debt, it was by a 9th. He thinks he subscribed for none in his own name; he check or ticket passing from the 20 telier to the witness; these in-subscribed for 2000 shares jointly with his brother, as attorneys for statices were very few before the 23d January; after the 23d Jan- about 2000 persons, and 1000 shares jointly with Smith and Bucha uary, large amounts of the stock were paid by a credit in the se- nan, as attorney for 1000 persons; those shares actually belonged cold teller's book, and witness looked in that book for evidence of to himself and brother, and Smith and Buchanan; they voted upon sit; the payments of funded debt after the 23d were few, com- those shares by virtue of the power given by the individuals pared to the amount of the payments which had been previously whose names were uses; those shares were consolidated prior to made. the first dividend, and after the second election. He thinks all the stock subscribed at this place, was consolidated after the se cond election, and prior to the first dividend.

Witnesses out of the bank.

Questions to witnesses out of the bank. 1st. Do you know what kind of notes were paid out of this bank on the 28th August, 1818, and immediately preceding that time? If so, state whether there were any notes payable at the branches. Do you know whether the bank of the United States re-thinks both these sales were at about 140 to 150 dollars. ceived the notes of its branches after the 28th August, especially those which had been paid out of the bank?

11th and 12th. Mr. John Goddard has informed him that he has sold some stock, how much he is ignorant; he thinks it was in 1817 Mr. Bolton sold stock in the close of the year 1817; he

3d. Can you refer us to any person who can give information on the above subject?

Examination of Witnesses out of the Bank. James S. Smith, jun. an officer in the bank of North America, says in answer to the ist. question. That a short time before the period alluded to and frequently in the course of business, he received branch notes from the bank of the United States, but not to large amount; he received some of 100 dollars, and some of 20 dollars, but they were most frequently of small denominations-the 100 dollar notes were frequently mingled with the other notes of the bank, 2. The bank always received back from him, the branch notes which he had there received. Those branch notes which had been received at the bank of North America, on the 28th August, were received by the bank of the United States the next day but were afterwards refused. He understands that all the banks in Philadelphia were treated in the same manner. He knows of do instance of a refusal on the next bank day, to receive of banks the branch notes so on hand. But he saw the officers refuse to receive them at the counter, of individuals; but he does not know whether those individuals received them of the bank or Bot. I do not know and never heard of any instance of brauch sutes being refused to be received of an individual, who had previously received them of the bank of the United States.

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Questions to the President and Cashier of the Baltimore branch. Ist. Has any fund been appropriated by the board of directors, over which you preside, to the disposal of the president and cashier to be leaned by them on pledged stock, or otherwise? If so, has any authority for that purpose been given by the parent board? ad. What was the amount of discounts on pledged stock, prior to the 2d March, 1817, and were the notes then discounted, paid at the time they fell due?

Were those notes discounted on pledged stock, after the 25th day of July, 1817, paid at the time they &l_due?

4b. Was it known in Baltimore previously to February, 1817, that the payment of the specie part of the second instalment, would be facilitated by making discounts to the stockholders of that amount?

Manuel Eyre sold some early in 1817. Chandler Price inform edim he had sold some early in the year 1817. Mr. Girard has sold large portions of stock, previous to the second instalment, and some time previous to the third instalinent; 3000 shares to Dennis A. Smith, and Smith and Buchanan and George Williams; chase of 1000 shares was made by D. A. Smith, George Williams, and 1000 shares to John Savage, through Newman, a broker. A purand the Commercial Bank at Philadelphia; it was the intention of Smith and Buchanan, receivable of Win. W. Smith, a broker, those gentlemen, if the stock rose, to present them to Mr. William Jones, without whose knowledge the purchase had been made; Mr. D. A. Smith, contrary to the intention of the gentlemen concerned with him, and as they thought, prematurely, after the stock had risen a few dollars, mentioned the transaction to Mr. his own; he thinks that Mr. Jones received the assignment of the Jones, who accepted the purchase, and considered the stock as contract and sold it without having the stock transferred to him; he sold it at a profit of about 15.000 dollars as Mr. M'Culloh recoli eis. He understood from Mr. Jones, that he purchased 1000 shares, which he has recently been informed are still held by Mr. Jones; he bought them at about the same price or a little higher than he sold the contract for. He knows of no other instance in which Mr. Jones was interested.

first mentioned in his answer, that he had purchased stock; to Mr Goddard has also informed Mr. M'Culloh, prior to the sales what amount he is ignorant: Mr. Bohlen has also purchased stock; Dennis A. Smith has often informed him of purchases am! sales collect the particulars; Mr. George Williams has often made large that he had made frequently and extensively, but he cannot repurchases, and has made small sales, once or twice, but is ignorant of the particulars; Mr. John Savage has occasionally made sales of a few shares, but has purchased a considerable amount, some times at high prices, which be still holds; Mr. George Williams, Smith and Buchanan, and himself, have made considerable purchases, in which they were jointly interested; and they still hold the stock thus purchased, with the exception of about 4000 shares that have been sold; which were recently sold at the rate of front 125 to 127 dollars per share; these purchases were made at three periods, but chiefly of one person; and, excepting those of the first period, without any prospect of gain. These purchases were made of this person with a desire to serve him, and to secure the payment of large debts due to this institution.

13th and 14th. He knows that Dennis A. Smith has made large contracts for the purchase of stock; but has made very few, and to a small amount, for the sales of shares. Those contracts were

5th Have draughts on other offices been sold at this office for pre-made during the year 1817, and generally in a few month's time.

mium?

6th. When did you receive information of the parent board having adopted the resolution of the 28th Angust, 1818, refusing receive the notes of the branches? what kind of notes did you pay out of this office, immediately preceding that time?

7th. How were the balances against you at New York and Bos tom reduced, in February and March?

James A. Buchanan, president &c. answers

th. He does not know of any,

8th. He paid the whole of the specie part of the second ment in coin.

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WASHINGTON.

Examination of George Graham, esq. who became president office at Washington, in the month of July or August, 181′ is so at this time.

made generally by the president and cashier, under verbal autho-fused. He is the officer to who'n such applications would rity of the board, given generally, and not in reference to particu- ought to be made. lar instances; that they were made to every stockholder that ap plied, until this offee was instructed not to increase its loans; under the same authority, the president and cashier have generally purchased bills and draughts on those places, when it was desirable to remit, and chiefly on easteru cities; in order to reduce the balances against this office, they purchased bilis at sight, and from sight to sixty days; he thinks they would averag about thirty days; the aggregate amount has been very considerable, and with very few exceptions, and to trifling amounts, they have been paid at maturity, and in those excepted cases, the draughts have been paid on their return, and there is none lying over. Occasionally for the purposes of security, the president and cashier have, with the approbation of one or more of the directors, discounted to prevent loss to the office.

3d. The amount discounted in that manner for the specie part of the second instalment was 138,320 dollars; and 12,200 dollars, was discounted in anticipation of the third instalment; all these notes were paid without renewals except in two instauces, to the amount of about 5,400 dollars.

3d. Some have been paid, but supposes two thirds of them in amount, remain now on renewal,

Sixth answer to sixth question to directors: There is pledged to the cashier in security for notes discounted; he of no other, excepting about 200 shares held by col. Botaf trust for Mr. Cutts.

8th. He held no shares at the time.

11th and 12th. He has no direct or positive knowledge such sale or purchases.

13th, 14th and 15th. He has no knowledge of any transact

that sort

Answer to same questions put to the president and cashier

timore.

1st. He has no knowledge of any such appropriations, or loans having been made by the president and cashier.

2d. This office was not in operation until the 8th March 3d. The notes on stock have generally been renewed whe requested, and have always been curtailed in the same pr tion with other notes, whenever a curtail was directed eiti the parent board or the directors of this office. 4th. He cannot say positively whether it was known in

4th. The directors and officers of the office, endeavored by conversation to mak it known, to the stockholders and believes it was very generally nown to thefstockholders and to the public, by the 28th of D ember, and for a month before it had been geington or not, but presumes that it became known by Febr nerally spoken of, and was anticipated.

1817.

5th. Draughts to a small amount have been sold at a prem but refers to Mr. Smith, the cashier, for the amount of sales the rates. Bills of exchange have been purchased to a con amount by the cashier, without being submitted to the of directors. or to Mr. Graham; and he has no positive know

5th. From September to November, in the year 1818, draughts on the bank of the United States to an amount, of about 80,000 dollars, have been sold to applicants at this office under the dire tions of the parent board, at an agregate rate of about one hait per cent. Draughts on other offices, to the amount of about 17,000 dollars have been sold at the rate of from one to two pero then cent. under the same directions. Since November, he has ceased 6th. He was absent at the time, and does not know. This office entirely to give checks to individuals on other offices, and has regenerally paid out its own notes, and never those of the other fused repeated applications for draughts at a premium. The pa offices, unless required. Very few notes of other offices have been rent board will not allow the offices to draw on each other. received at this.

Richard Smith, esq. cashier of the office at Washington. Answer to 6th question to directors. He does not recollect of any other than what is pledged to the cashier, in security for notes

8th He paid the specie part of the second instalment early in March, ither in coin or in the notes of banks paying specie, which were deemed equivalent to coin; specie he thinks, was then at par in Washington.

6th. He thinks, on the 1st of September, 1818, previous to that time, this office had indiscriminately received the notes of the pa rent bank and of all the offices, and had indiscriminately issued them. About 10,000 dollars had been alledged to have been re-discounted. ceived of the notes of the other offices by individuals, and were re ceived by those individuals again at this office, there has been no instance within his knowledge of an application to receive the notes of the other offices, gileged to have been paid out by this office, having been refused. And when applications have been made by travellers for the notes of other offices, or for the redemp tion of the notes of any other office at this, they have been uni formly accommodat 1. Mr. Larentric, the first teller, was the officer who paid out notes at the time alluded to.

11th and 12th. He knows that D. A. Smith purchased to a large amount, but does not recollect the particulars. He understood that a company of gentlemen in Baltimore, purchased of the bank of Columbia about 3000 shares, in May. 1817, and that bank being indebted to this office paid it by a draught, on the pa rent bank at Philadelphia, of 237,250 dollars, which draught he supposed bad been obtained for the shares sold; he knows of no other sales or purchase of stock.

7th. The reduction of the New York balance, was effected by the sale of foreign bills of exchange by individuals of Baltimore, to the parent bank, by whom a check was given on New York for 1,007,600 dollars; these were the same bills that were obtained on a pledge of stock, to Messrs. Baring and Brothers, in England, for a loan made by them; occasionally treasury warrants où New York, were received from the office at Washington, in payment of the balances due from it to this office, and the reduction was furor in August, 1817, authorized the cashier to discount any uote ther effected by commercial draughts sent to New York for collec tion.

From the commencement of this office to this time, it has made remittances of specie to the amount of about two millions, sent to the parent bank tor the purpose of being remitted to Boston, and New York, for which this office obtained credit at the parent bank, but not at those offices. In consequence of the redemption by the governmit of the 11 millions of debt, all the public money in this office, amounting to about a million and a half, was in July, 1817, transferred to the parent bank. The reduction at Boston, has been effected generally by the remittances of commercial bills. The treasury account has frequently been overdrawn at this office from 100,000 to 200,000 dollars.

The parent bank has credit for about 1,000,000 of notes sent to this office as money, and the account with it, includes every thing in which the office and bank have any concern.

The reduction of the debt to the parent bank, in November last, was effected by draughts on those offices which were indebted to this office, and upon which this office had been prohibited giving checks to the community, until further orders.

John Lewis Larentrie, was first teller of this office on the first of September last, and has been so from the commencement of the institution; it is, and has been his business to pay out money and notes from this office; as fast as they were issued, they were immediately remitted. This office has never had a sufficient supply of its own notes. Previous to the 1st September, 1818, this office indiscriminately received and paid out notes of the bank and its offices. After that period, and after they were apprised of the resolution of the parent board, this office did not pay out any notes of the bank at Philadelphia or of any of its offices, unless when they were asked for, except in one or two instances, one of 500 dollars, and the others of 20 or 50 doilars, which were entire

ly accidental, and which were immediately received again on application for that purpose. The Union bank had received more than 7,000 dollars, which had been remitted to Barr, Kuse, and Welch, and by them deposited in that bank previous to its being notified that such notes would not be received at this office, and although those notes were not paid out at this office, yet on appli cation for that purpose, those notes to that amount were received after the 1st September. He does not recollect any other instance o an application to this office, to receive back the notes of the other offices which it had previously paid out, and he is confident that if any such application has been made, it has never been re

13th. 14th and 15th. He knows nothing on the subject. Answers to questions put to the president and cashier at Baltimore 1st. There has been no particular fund appropriated for that purpose; but the directors of this office, in the latter part of July

that might be offered, between discount days, on the stock of the bank, or on funded debt: he loaned very little under that authority; he thinks not exceeding 10,000 dollars.

2d. This office did not make any discounts until the 8th March, 3d. They have generally been renewed, and always when required by the discounter: whenever curtailments were directed they fell equally upon those notes with the others.

4th. It was not known in Washington only from general rumor.

5th. Draughts have been sold to the amount of 320,495 41; the rates on Philadelphia, commenced at one per cent. but in less than a mouth, they were sold at 1-2 per cent. Draughts on Charleston, Savannah, and New Orleans, have been uniformly at 2 per cent. on New York they have varied from one, to one and a half per cent, the draughts were sold by him, to whosoever applied, and under authority from the directors of this offier, autho rized by the parent board to do so. He has purchased domestic bills of exchange payable at sight, and some on short time, not exceeding five days sight, but not to a large amount. All those which had long time exceeding five days, were discounted by the board. The purchases made by him, were not under special authority from the board, but were made for the accommodation of the individuals offering them.

6th. It was received probably the 31st, of August, as it was laid before the board of directors, on the 1st September. The prac tice was, to pay out only the notes of this office, but those of other offices night accidentally be issued; he recollects but one instance, in which any person applied to this office, to receive bank notes of other offices paid out before that time; that was a very trifling amount, and not being convinced of the fact, they were not received.

Statement of Branch and Post "Notes originally issued, payable at each office of Discount and Deposit" of the Bank of the United States.

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