Newspaper Page Text
9
ltaa »it» »|*cftity \n .training of the Wns
h*<? by Mi- itpwf.n-rt, to tht* Mociunir-V ftititk u.-
fa Kerr, »v-n, fit the Wqnnt tf Mr ' letters rijcejrai arc ol the «ksori-plion first moneys collected wore to be placed iti
„ ■ ~ HUntioTicd I do nut.lralt all the answers, Bank of, Alexandria, r<> the credit 0 r .I* 1
I am Cashier i.l i.e Batik uf the ...clstip i, t n mwi of ilu-: ittu-r-.areoff.u'.hakindthat Treasurer ol the United .State* *jv
oils, if) this City, ftnd have been »> for ten ^j ici . c uie prucoedunts for the answer re- debts were to be collected by (gradual i
years past.. It was one ol the banks in qujjtfed. stalinen’.s, excepting the stock debts, Whi^u
which public deposits were made previous Question by Mr Forsyth, When calls arc
to the cxistance of the United States Bank. mat j c u ,, on t |, c Secretary of th
When the Batik of the United States went - ‘ ... .
xccptmg the stock debts, Which
were to be applied, in IheTn st place, to t|, e
lor papers, docs the direction
to operation, the Bank ol the metropolis through your hands ?
pec! the United States about 55DO.OOO, ^ Yefc, it usual
ic Treasury j payment of the deposites and issues then
usually pass due from the bank; and, .in the second
place, to make up .my deficiency thtfniiokt
be due to the United States. SclVetl.ii^
has keen made v.-Mi the Sank of titc tf.'- S Atexsnur
by Mi'cvawfintt, to the Mi-ctunicn'«tiuk o - p, assign luiit property-atitl'dcbis to. seen re
AI. *ab(trWwri'-o that Hank whs in dWTicnl'y. I jhevtiems to secure the debt due from tab
Rcce.np»nl*l Mr Sarnlei-soti, in kw Visit jdtHe Sc- Hjnk of-Coluftlhia totta B mk of the U.
»iteUrV, wien lie obtained ihe second lour, ami . » . 1T c ij» a*,ii.%i* *>1*
represented tile injurious c.i.ibcq iei.cts of prr states, and to the U. S. 1 at e ole
Butting that Dank to ftil 1 re-'.i.. .uni, itue tuii- thu above amount ol ©318 351 87, cxccp
ly, the notes of that Burnout of the liniula of tiro ting the sum of 830,000, above specified,
ker.- und others. Mr Cruwlbrd heeitted liiisutisli ti, y government received a credit on the . ,¥ "
cd St the second application so soon after the loan . ^ e k as C . S K. igig 0 r l6SO., ,n “
olST.ow III applied to njilb* my opinion of J!!® Use hS*?vtrf Columbia paid M* 6 . U,c bulled Slates await s'ju.uuo, * Yes, it usually does. (The direct! >n I be due to the United States. . ScMS
the solvency nfthe 1 .<nk, and •.vheuiei the loan * The above sum credited as ca8 |jJ w * u ch w.is dt awn for by the former in one | 8 genetallv endorsed on" the bank ) In ' of the debts due to the bank were artnexM
WouldI ensue .t to reoeem its paper 1 «PJ? specie. 11 c above sum, ctedited os casn, chcck hwl come into the hunk S(i ,„ e frwcaiiSfislt his been sent immediate- to the agreement. ' " ex{i
Seated the circumstances ol the Hank as being w ,\s suffered to remain m the bank *r«ft i„ .„,,i nri , s °me it weausesn ms uceu sent tmmeaiate iu nit i^iicn tn>.
safe,(to the extent of its debt?, but that its Stock . hnM | mc to the present. - This, as I under- | J '‘posttesol individuals only, und not , y ,, y ,hcbecrctary to the person having Very shortly after this applicdtlott Wu
holder. ting in u-.-i) tin.ugh l tUbled the suffl. STafliittVSS of an agreement! b >’ oan ‘ , 1 »*rc Is « gif* 1 . 1 * “°« « U ! c charge of the papers- made by the Secretary of the Treasury
cienoy of the loan wcnubla it to i-edeem its pa ’ Treasury This deposito whs the 10 1,18 cr . w ^ t of United States, in q A/r /„• *r 0 which of the Clerks go prepared a deed of assignment for the pur
asssais fcte, $ -SIX- d Sttk* # sa»Stesn?SSSi && f r“ c “ i,cts o[ ,he Pub ar^ssas .“iaFr tM
the granting of i t»r* loin to bcnifii. in it, ■nallv, the the trouble of collection. I do not know k .. , I ■ ' h j lick Moneys? . arttl it atle various elTorts, In the course of
comim miai mtertstb of Alexandria, and Mrt’.raw. , h£ll uny ,| me was specified for the continu Stales B mk would not receive a ca-h, and They remain with me, unless where the fail of that year, to get it 6xecurtd bj
ford seq iles ec n. the wW.rs «.f Mr. v.nderson, , ... l)S i,l The Secretary of t ie ^. uch >xv . crc ‘^ CCIVi; . 11 I'X the Bank of the they contain inquires fur directions concer the Board of Directors of the Franklin
nnee oith® dCpositc. . Y . Metropolis, and receipted for to the Irens- l>inK the kinds of moneys to be received, B-Hk, but without effect; objection?3
urcr ol the United States, as cash, lhe nod the place of deposite, in which case difficulties, of one sort or other, were can.,
notes were on specie paying banks; we re- they an- considered as pertaining to the stantly made, and an indisposition to dL
cctvcd them as cash ; and considered the duty of Mr Dickins ' cute the assignment was, I thought, man"
accommodation to the government quite Q by Mr {look VVher and by whom were iffidted on the part of tiie board. I hadun.*
equal lu any benefit received uy the bank, ttinmnipe of #h« vniuminnuu Hnnim^nt* dcrsiood that the h»»ri imm, ^_•
cq lies
•lu.a in.iviv tl.d ion.i id tii^.is t il V.'IM of Utu East -.7---, 1
cr Han\s, in siimn of 2. 1, vn-W4,0 •) eft ih. Treasury itas pi cssed Uic bank vet y much
Question Ay j)fr /iiiie trth' wiieu a general de. for the amount;more.I think, than hu ought
pnsi e is made in yvur Hank, without any thing to have done, considering the' trouble and
nemg sai l on either aide, is the amount demimh- cx „ense to which the bank was out. *
ble in caslir * D KURTZ.
.i nner. Always—except when plate, or notes;
-Of distant Ranks are-left far sate-keepi :g, to be ! utitphsmtv
delivered to oftler J. L MsKKNKA, 1 S I ATBIIEN I Z.
mm.» Ma ^
Mr huwttf'ds, > pp
I was Cashier of the Franklin B mk of
157
1822
June 2!)
July 18
o
Dtn.iel Kurtz, eworri, at the request of Mr.
Edwards •. . :
I am cashier o! the Bank of Columbia,
ftr.d have been for, more than two years.
Since I nave been. Cashier, the bank has
been indebted to the U. States, in all, about
8300.000 The bank was appointed agent
for the Treasury, to collect certain uncur
rent money; the Whole, amount above men-
ti. ned, did not, however, consist of. such
cr Jlftcdons, there were some balances, about
840,000, left from former transactions with
the Treasury The sum I have mentioned,
was owing by the bank wh< n I become
Nov 21
1821
Oct M
Deo 2
Alexandi in, !iom May, 1316, to June, 1819; j lu> gr
when I left that bank it was indebted to the Aug 18
U. States, I think in the sum of 848,000 2$
I'cannot certainly tell when it hecainc ih- 8e P l
debleed,'but believe it was in 1818 or 1819.. u
It become indebted, as I understood, in gj
consequence of an application by our Di
rectors to the Secretary of the Treasury
for n loan; there were, I believe, three such
applications; at thy fiist we received 8lB,-
000, the second SI8|0oo, and at the third
8U.000; the money was advanced to the
bank to relieve it from its embarrassments!
1 feel vtry certaiii as to ^ aggregato 8
mount of48,000, bui am no® so sure as to
the amount ot the different sums obtained
M each application norrftspcciing the time
when they were obtained. My impression
is, that the loans were all obtained within
the cuurse of about six months. 1 cannot
fttate whether int-..-rcst was or was not to he
Allowed upon them. I have no farther
knowledge of the transaction than that 1
received the warrants from the. Treasury,
ml pased the amount to the credit of-V.e
J. Slates. I now recollect that I was, in
one instance, requested hy the Directors to
write a Ictur Ur the Secretary, requesing
» deposite in our bank, which I did accor
ding y, but I do not remember at what
time, nor whether it was before or after the
first loan. WM RHODES.
JPo drstt Ne 933
J Norris
W Well
draft No 165
16i
161
. 16
16
■ank orv.ncen’.
its Cash
draft No 161
1096
1237
” 1379
cash account
*!. to new acc’n |2' T 8,361 *7
II. 9132
1,636
8 ISO
J-,600
130
23,350
1,200
558 36
l,bl2
5.000
5 000
238,36} 87
176.763 99
37
would receive the nhtes, and cretlit them engaged in superintending that business, lhat ‘he assignment wonid have bees
as cash; which we agreed to do. Then a Mr Elkins, a M«-Philips, and a M. Wash- promptly executed ; but the death ofd, es e
mouht ofdcpoatte. as t spotted to the Irens- ington, were employed, and Mr Laub, an Rontlemen. and of my brother, Wm T
ttry the 1st day of January, or the present ,. xtrH cu . l ki in lhc office> Swann, who had acted as the President of
year, was about S60i°00. Neither specie Question by Mr, Cook. Was any part 0 f ^ ,e Bank, produced,1 am inclined to think,
nor United States notea, to any constt ora- . tho‘<,otTespondence taken away from the the delays which attended the final comply
hie amount, were included in the above department to be copied ? t^on df this business. After making tnf
deposites. j A I was told by Mr. Richards, who had cffol ts «et this paper executed, I
A L, L. A. tv I -.I k 11. I the 'argost portion of the letters from the requested to send it to the Secretary of the
Jonah Thomfuon «ro-n, at the request of Mr EiU banks to copy, that he took them with him ^ 'eaaury; and I accordingly did so, .and I
' l in Connecticut, I also understood from bel ‘ evc lhat “ correspondence took place
. « n • hot Itlm n U• m «„,l U.... L . . .1 *. .
I am Pn-sident of tiie B ntknf Alexandria,
M
18!8
DectS
30
1819
.Ian 11
April 30
Ut
iy dr«ft Hank U S
tlci"
do
do
13,640
10,000
17,744
May 17
Juty 13
1820
Aup 2
1821
Aug 3
V D Stewart’s dei
; . .nk Wilmiiitrin-
h tlrandywinc
nncl ty Tica.dra<!s
Trea draft on Chi',
licuthe
do do
Dank U States
Special deposite
and ba r been since March 1st, 1819.
The B .nk never np; lied to the Secretary
of the Treasury for a loan, but hovo always
hud the deposites from (he. Custom Housu.
7v S ] On the 9th ol January, there was an appli | She files ol the nffict*.
163 58838 culiup, and understood to bo the wit.li ol he Question by Mr Cook. At what time
Secretary of the Treasury, that the Bank of u«t» ‘ opying commem c i
Alexandria would assume and pay the sun. A. 1 thmk about the first of last July.
of forty six thousnud doHai8 to the govern- n ’-- 1 "* - ■ ■ J - 7 ‘
rnent. The Bank of Alexandria gave cred
it to the g .vernment for the amotint,*nd
the Mechanics* Biok agreed to secure lt
by notes and real estate. The Jlink pays
the drafts of the government when called
upon. It has a deposite of more than 8139.
000 The Bank ol Alexandria has never
applied to the Treasurer for any indulgence,
to my knowledge.
.JONAH THOMPSON
Elkins, that he took some of those as- between him and the bank upon the subject
.,1 I.;.., kS., I„.1 -... -i'i of lh(* rlrpH * it It/.tQ hPllll'tw./l
signed him, to his lodgings Those given of ,he deed l il WJS retutoed.to me about
to both thesej'entletnen wore letters from l he month of May, 1822, and was finally
banks to the Department; those given to c * u ctfted by the Board of Directors of the
jt:.c extra clerks wcm records taken from ' some jime aftei-waids,. the precise
penotl I do not now recollect’ At the time
By bal. of-pecisl deposite J
do of cash account (.78,35187
238,361871
1283,3618~|-45 9913^
176,763 99
Z Special deposite,evidences at the
Trc.,suiy, 123,102 59
W do do Bank of Columbia 53,66140
176,763 99
In addition to (lie balance, a- stated in the ac
count current, there it due to the United States,
on the hooks of the office of l’ay and Uepoai e,
on sundry account* about 830,000.
STATEMENT Y.
: Bcllemont Bank of St. CUirsville,
cashier, apd has remained about the same i , ,
ever since When the U States Bank Hff
went into operation, th< B k of C .lumbia German Bank of Wooster? ^
0" ed the Government Horn 830.000 to Muskingum Hank, g-uiesville,
860,000—a part of which wa-. drawn tor by Centre Bank, Pennsylvania,
tbo Treasury, say about 815,000. The Tarraers and Mechanics’ Bank, Greencastle,
Wttnre has not been drawn for, and re
minus d cash debt to the U States. Farmers Mechanics and* Manufacturers’ Bank,
I do not know precisely what arrange- Chillicothe,
ment was made with the bank respecting Farmers’ Bank, Canton,
the collection of uncurrent notes, bull have Bank trf Mount Pleasant,
onderetood that so much of those notes as Lebanon Miami Bank in Ohio,
the bank could collect and turn into current Farmers and Mechanic*’ Bank, Pittsburg,
moniy, might remain in the bank on de- Huntingdon Bank,
posue, but I rannot state for how long a Virginia Saline Bimk,
'timy. A bun- 8200.000 worth of uncurrent Cumberland bank of Alleghany,
Doles have been thu-, converted, and cred- •’’“chants’ Bank, Alexandria,
litil. as cash, to 'he Ti e’supy, pari of the
residue has been drawn out by the Secre- Farmers and Mechanics’Bank, New Salem,
tovy otthe 1 reasury, and part remains now Owl Creek Bank,
in t ie bank. These uncurrent n itei were SVefitern Bank of Virginia, Parkersburg,
a part of those .reported as uncollectible by ? ank
rs v**
fr-in the bank at an order of the Trcasu- Ohio Company, "
ty- Commercial Bank Lake Erie,
Question. What is the amount of notes Bar k of Beaver,
de-' tree fur collection, and what were the Ba . n kofChillicothe,
da*-: of delivery, and speptfy on what
Ba ks
Answer. The amount of notes- delivered
£-.r r. i/lcction was 8545.991,37, as appears
by : siatemen, now delivered, marked Z- „ . . . M .
in which also the dates of the orders for the junko? ste»btnvnip 1CS Bank *
delivery of the notes to the bank will appear. Indiana Manufacturing Company
The notes were actually received between Bank ofWtsi Uuion,
th - months of Dec. 1818, and August, 1819. Banks in Delaware,
The banks whose notes were so received, Banks in Virginia,
jttr- so numeroqs, that it has been impossi j
Bible for me at this time to make out the! STATEMENT Ti.
Iist< A statement of a number of them is' Elkton Bank of Maryland
hewever, contained in a paper now deliver- ! Alexandria Society, Granville
ed, marked Y, [ Owl Creek Bank
Q What werer the amounts d Ihesrf’
n0 V J «o«« b . y ^ Cbar, l t? Parmer*’Bank of New Salem
A. 8238,361 8,, as also appears by the Bank of Green Caatle
paper Oiarkcd Z Como ereial Bank of Lake Erie
Q. What was the amount of uncurrent' vir R' ni * Siuine Bank
did
Edna-tl iwim at the requeit of Mr Et hoards,
I am Chief Clerk in the Office of the Secre.
tary of the Treasury. I have Heard of a
letter mentioned by Mr Edwards as having
been written by Mr Stephenson, Receive!
of Public Moneys at E< wardsville to the
Secretary of the Treasury—I first heard ol
it very lately—I believe the firs intimation
I had concerning i; was derived from Mr
Edwards’s memorial to Congress.
Alleghany Bank, Bedford,
North Western Bank, Pennsylvania,
Farmers and Mechanics’ Bank, Cincinnati
Bank of Washington, Pennsylvania,
Westmoreland Bank, Pennsylvania,
Miami Exporting Company,
-i ... .. . ^
Botes drawn out of the bank by the Treasu
*y?
A. 8125,102 50, as appears by a stute-
fnei>t now delivered, and maraed JC
O’. What is the amouni of such uncur-
♦cut. notes now on hand, and where are they
fodged?
A. 853 661 40r—lodged, principally at
ffie several places contained in a statement
flbw delivered; and marked W.
A What is the total amount of the dent
jfb-w ritic from the Buyk of Columbia to the
^P;-Scafcs#
0 About! ^372,OOOVofWhich 8318,361
tff is c^sfr and includes about 83o,ooo start
dt«g to the credit of the treasurer, on sun
dry accounts, and tS'o remaining balance of
<063,661 4<J iS'special deposite.; f;
Q, What probability is-there-uf’ the U,
Sta'r's reebverig thia dehtP
A. tn my opinion the security*given for
t fi- debt is amply »ufficient, apd I believi-/ •
fliat the whole will be recovered. Tlx-!
iavJi owes in all about 8800 000, and the
ponfinaf apipunt fit its assets is more than •
>JtaU of dollars. An agreement
Bank of Somerset nud Worcester
Merchants’ Bank, Alexandria
Urbana Banking Company
Juniatta Bank ot Pennsylvania
Huntingdon Hank
Bank uf Muskingum
Do
Do
Lebanon Miami, Exporting company*. 9;575 66
Bank of Washington, Pa. . 7,508 34
Question by Mr Cook. Did you ever see,
in the Treasury Departure* t, previously t
Mr Edwards's memorial, and letter or no
tice in any of the puhlic papers, concerning
Mr Edwards's having withdrawn from the
Directorship of the Bank at Edwardsvjlle ?
A Never.
Question by Mr Cook. Does the corres
pondence between the Secretary of the
Treasury, and the banks which are depos
itories uf the public moneys, ^ass through
your hands ?
A. Yes When the Secretary is in town
henpens the mail himself, writes on the
different bundles such direction As will de
signate what is to be done with each, so
that they may respectively bo acted on;
they are then sent out to me, and I dUtrab-
ute them amongst the Clerk*.
Q Have you read the report of-he Treas
ury, made to Congress on the 22d day ol
the president year;
A. Yes, I have.
Q. Did the Secretary consult you in ma
king out that report ?
A No.
Q Did he say any thing to you in refer
ence tc that report before it was made ?
A No.
Q Do you, or do you not, know that the
letter from Mr Stephenson, referred to by
Mr Edwards, has since been found in the
Treasury Department ?
A No I do not know any such thing.
Q Have you heard that that letter has
been found j
A. Never.
Q. Do you remember whether the Se
cretary of the Treasury received’ the St
Louis Enquirer in 1919.
A.I do not recollect. I haveseen that
paper several ti< es in the Department.
19 865 2* Papers are frequently sent to the Secretary,
B,4 64 oo whlch he has not subscribed for, and after
198 00' 8 few Humbcrs are Bent and no subscription
11,344 00 obtained, they are sent no longer.
l’,835 00 Q When, accordi g to $*our best recol
595 00 lection, did your first see that paper in the
^ Department?
A. I do not recollect
10.121 00
1 375 00
3^217 oo Q Do you think it was several years
jfoo 00 pu»»
3,200 00 A I have seen it within two years.
2 oo? m Qu« 8tion by Mr Forsyth. Does all the
7 30 00 correspondence of the Secretary of
to’"*,'™ theTreasurv nass through vour hantk 7
29.741' oo the Treasury pass through your hands ?
V. Yea
Question by Mr Forsyth. In order to
distribute the different paperB sent out to
too ,/jQ {ft '— wm*. svr
. Evidences of debt in these .casesdeli- erect'd 7°u‘>7 the Secretary, ts it not necessary
in possession of the Treasury, August, 1*420. that 7 0U # b°uld read them ?
A. To read them all would occupy more
STATEMENT W.
Cumberland Itnnk of Alleghany
Bank of Wilmington and Brandywine
Farmers and Mechanic! Bank,Pittsburg
Urban* Ha iking Company
Bedford Hank « Pennsylvania
German B nk of Woosi er
Union Bank of Peiinsylv’ania
Sundry bark notes, am,mg which are
Kentucky In Co. 8797, Marietta,
Susquehanna Ttbdiog Co. 81,-
‘(K Suaq. Bridge Co $796, und
- i time than I can spare; but on merely opin-
1,876 61 * n £ fhent* I can immediately perceive
mm AM/* fi.il |La,I AW* fwAM* knttl.n A a. IT !
Question by Mr. Look. At what time was
it finished ?
a was executed none of u-», I believe, were
aware that tho character of the bank had
expired The impression generally wm,
that a power had been reserved to it, in
common with the other banks of the Uii-1
A. A few days before the report wont' lrict > t0 w' ntl U P ils affairs, and the tints
into Congress; it occupied soma days to B‘ vcl, was, I think, fi e years; but so it
at-rdngo so great a number of copies, of: was * u P on looking at the liny, the Franklin I
letters, but as soon as that was done, and Ba !* k . was ombted* and fts charter at u I
the report made out, the whole was sent
in, l understood that the arrangement in
tended was, that eueh letter should, be fol
lowed by the answer to it, but I bad no
hand in t' e business, from the commence
metu to the end of it.
EDWARD JONES
Clement Smith, sworn at the request of
Mr Edwards
I am President of the Farmers and Me
chanics' Bank of Georgetown, and have
been for about four years. The bank has
not been, in that time, indebted to the U
ited States, nor is there a credit now on
the books to the United States.
C. SMITH.
Overton Carr, sworn, at the request of
Mr. Edwards.
I am Cashier, of the Patriotic Bank, and
have been since its establishment in 181 \
The Bank had one deposite from the
Treasury ol 810,000, on the 13th of Sep
tember, 1819 It- was made at my request,
in consequen-ie « f the pressure then axis-
ting in the concerns of the bank. It con
*Uu-d ot a draft .in Salem, Massachusetts,
f r gSOOO, Portsmouth 82 00, Bristol
8100 » Petersburg!* 82000 On the 11th
end, before the depd of assignment wu
finally executed. ^ •
When this information was obtained, I
was requested to turn my attention "‘again i
to the original agreement, add to acc wheth-
er the United States would be able to re
cover their mottoys upon that paper-upon
considering that paper, R. seemed ft roe
that the notes which had been negotiM
in-the bank while it was incorporated nd
endorsed in blank, might be ap -lied to the 1
use of the United Sta-cs, and I accordingly
obtained possession ol those notes; and fill*
ed up the endorsmtnts pay ble to the Uni,
tc.d States, anti brought suits at law upon I
those notes ir. bi'halfnf.tho United States, |
whbh suits are still mostly depending.
'As to the stock notes, no measures have I
yet been taken upon them, nor did the |
agree- ent with the bank authorize any
steps to he yet taken, but when it may bs
necessary to resort to them, it seemed to
me that a Court of Chancery would co n-
E e! the paymerit ol them and give to the
Inited States tho same relief as if the at-
signments t.ad lieen regularly made.
If the United States should be able te
enforce the payment of these stock nates,
I should entertain no doubt but that the
1-ebuary, 1820, this loan was repaid by a | money due to the United States may bft
deposite m the United States Branch Bank obtained—but otherwise, aconsidcrablc loss
in this City. Intelest of six per cent, oh t would be sustained.
.be deposite, and a loss was sustained of! THOS SWANN
t ,J pt-r cent, in converting these funds into j
cash, which was done thiough the agency Dovid English, sworn, the request of Mr Ei>
of brokers. The banks drawn on were T wards
I am Cashier of the U tion Bank of
specie-paying banks, and their notes, cur- ~ „
rent in their own states, respectively.— Georgetown, and have been since its insli*
The loss arose merely from the rate of ex l utio'n In 1809. That bank received ne
change Tho Bank has never, before or * t: August, 1819, from the Trias*
since, been indebted to the United States. U, J’’ °* 8‘ 2 ?* 000 * TJt€ bank was unde?
OVERTON CARR. some fears on the subject <1 the resump-
regue.l of
Un‘ilcd Simm"°l‘l"'\ a r", a l‘"' MsHm:inSte u" J
United States in tills City, and have been States Bank onts branches. No other da*
since its institution. posito has since bee • made by the Treas -J
Question by Mr. Cook In what man in the Union Bank, to my knowledge. No
rH W RM H^tT! e K L 8M 7^ made b - y interest wa, paid on tbe above loan.
Col. Btddick in that bank, and how was it D PMffLNrt
criditcd to the United States ? ' L.NGLISH.
A. To the best, of my recollection, it Thomas Dungan, sworn, at the request of Mr &h
was entered to the credit of the United S’ wards.
part as cash and part as special deposite» I am a Clerk in the Office of the Sec**
perhaps 285, entered as special deposito on tar I ’l' r ®asury, and have been altoul
paper of the Franklin Bank of Alexandria, ci S ht >' car »* 0
the residue entered as cash. I have no Queat'on. Have you heard of a letter
memorandum with me to refer to', but bre- 8ald Mr Edwards to have been written
sume the alreve to be the transaction refer. b y Mr Ste phe«ison, Receiver of Public Mo-
red to in the question. neys at F.dwurdsviile, to the Treasury} i»
H SMITH. ,8 ‘ 9 ' ’
„ . Answer. Not until lately, when it ha*
7Vlama« Swann sworn at the request, of been mentioned in the public papers. 11
n u,™ ard ,* ...... . never heard of it until alter Mr Edwards’* |
* !. ea8 i. to 8la ^ e . at w |? a f time the trans- Memorial-was communicated to Congresi.
Q. Was it alter that memorial was pre*
7,376 (jo whether they are from banks or Receivers
1,311 00 of public Moneys, or what is their general
loro cb: ' ra ® ter
00 Q uc3lion by Mr Forsyth. Who marks
.9,758 00
^T'2 counterfeits uf various banks 3,880 22
53,601 40
Evidences of debt in possession of the ban V
the fiidorsenients-on these letters ?
A If they reqtiire an immediate answer,
I usually draw the answfer, and in that case
1 endorse them thyself $ but, if they do not
require immediate attention, or do tiot need-
st y imswer at all, I hand them over to a
young it-ati who assists me, and he makes
the eiodoreemnt. Xhs.grcire part of the
A^vnnfb-ia^tn"ilip*IJ^ an ^^* n Bank of »» nan aiicr uiai memorial was pio-
Alexandna to the United States was made, sented to Congress that you first heard the
for he purpose of securing certain loans subject spoken of?
Hrr. e rr!Bt'.nr b p y « t r e n Tre . a !t Ury ’. aU thfl c A ’ 1 have answered that queslton,
circt mstanccs connected with such trans Q Have you heard any thing of that'
6 \ t wno aimU. i.L - letter’s having been found in the Treasury
th^uJitld s.nSl f t0 ,u 8 n® Attorney of Department since that memorial was pr»*
the United States for the District of Col- sented to Congress ?
urnbta, by the Secretary of the Treasury, A I havenot.
irrpp. Un,mer ’ r fail °i 88, » Q- Do you know whether the St. Louis
b«nr. r,r/Kr aereem ® ntw >hhad Enquirer was received at that Department
been vtitered into between the Socretary in 1819, •
ol the Treasury and the Franklin Bank ot A. I do not know.'
aSKSKTSS* Q< about Q Did y° u 8ee the Report of the se-
UnS Stetl. “tv Frankl,n Bank t0 ^e cretary of the Treasury, of the 23d of March
to have been entZ!*,? fS reemcnt . a PP eared of the present year,'previous to its commit*.
Aumist 1831 nnJFfh ‘” t0 on the 23d >of nication |j6‘ Congress, or didI you know flgf
selves to ti-ursfcr In w Ba u J^ ouad l hem ' thing of- the subject br its contents beforeS*
S ^ Crawlord ’ and was communicated >
lh»t nnV , h n^? Ce ’ al the debt8 due 1° A * IWnpt SCO or copy any part ofthe
drnrrlmfon^nfnrxd** , rca , C8tale of every Report beforo it went pottgress. I had on*
, ^ B ln 6 i° the bank, and all ly, a general knowledge ofits contents, surii
Sf 0{ M * every body, else hid, from the ca.l ta
allv s , |ih<..-fih«n nl .^ f 8t .° C ^ them sever- which itwas an answer. My business in
was to^be dhtoosnJ^nr 9 .s rea, , C8 ? ate ,hts office did not’Itad.rtie tu any
l ,oa - d t ofon the most advarita knowledge of that Repqr;. , ••• > ■ "
‘ ‘ ‘ * jT ;‘”'!■ ’ THOMAS DUNGAN,
geous terms, and the whole amount of ihe
..