Of the notes discounted which were examined especially by your committee, there were sixty-five over $1,000 and under $2,000, twenty-two of $2,000, and but thirteen of $5,000, being the largest amount found in the line of discounts. Your committee were able to ascertain the amount of notes and bills discounted for each county in the bank District here exhibited. (See exhibit B. on next page.) A Statement of the Amount of Notes and Bills Discounted for Residents of the respective Counties in the Principal DATE. Bank District during each Quarter. SUMNER. SMITH. JACKSON. 52,088 32 93,705 09 34,087 35 34,138 30 40,468 28 do bills, 2,375 15,970 39105,990 60 27,232 03 32,990 26 11,781 20 857 1,100 11,300 43,700 69 45,673 01 10,919 60, 4,576 37 2,000 2,730 1,300 1839,--April 1, to July 1, 34,327 95 150,005 43 20,774 73 45,182 36 25,027 20 3,250 525 do bills, 6,000 79,248 98 421 25 3,000 8,000 1839,-July 1, to October 1, 59,556 06 136,312 63 43,901 81 55,572 50 68,138 85 18,232 75 7,900 do bills, 1839, Thursday, Dec. 19, Total Notes, 204,637 89629,453 17167,464 20218,655 89 196,412 24 (See EXHIBIT B. continued on next page:) 48,030 59,779 52 19,923 37 (EXHIBIT C.) BANK OF TENNESSEE, Nashville, Jan. 11, 1840. 10.} ROBERT C. FOSTER, Dear Sir:--The number of notes and bills discounted for each county in the Principal Bank District to the 1st. of Jan. 1840, is as follows: Williamson, Davidson, Sumner, Rutherford, Wilson, Smith, Overton, Jackson, De Kalb, Fentress, Other counties, not in the district. 478 1,197 380 380 570 105 121 42 52 13 389 3,727 notes and bills, HENRY EWING, Cash'r. Your committee also ascertained to their great satisfaction, particularly in relation to notes discounted, that equal and impartial justice had been extended, and what, in the opinion of your committee, is unusual and unprece dented, the discount accommodations have been afforded less to the commer. cial and more to the mechanical, manufacturing and agricultural interests, and in such sums as to distribute the money to furnish relief without giving the means of speculation. Your committee formed the opinion, so far as their own knowledge extended and the information communicated enabled them to judge, that the pecuniary responsibility of the makers and endorsers. of the notes and bills justify the conclusion that the several liabilities will be met and discharged with less probable loss than such extended pecuniary transactions are incident to. Your committee are of opinion, on the part of the Directory, that the utmost liberality and impartiality has been afforded and exercised in the discharge of the duties devolving upon them as agents of the State, and so far as discovering any mal-practices in the management of the institution, they have discovered the utmost good faith and friendship, demanding more the approval than disapproval of the representatives of the people. ROB'T C. FOSTER, N. FAIN, of the House of Representatives (APPENDIX B.) BANK OF TENNESSEE, NASHVILLE,) October 30th, 1839. To the General Assembly of the State of Tennessee: In answer to your resolution of the 29th instant, requiring me to report "to the House of Representatives the different officers of the mother Bank and Branches and the amount of each of their salaries," I have the honor to transmit you the subjoined list of the officers of the Principal Bank and their salaries per annum respectively. William Nichol, President, Henry Ewing, Cashier, Edward G. Steel, assistant Cashier, David Read, Teller, Frank Williams, General Ledger Clerk," Alexander Cunningham, Individual Ledger Clerk, Francis G. Roche, Collection Clerk, Henry L. Norvell, Discount Clerk,' Solon Lindsley, Credit Books, Letters, &c., $3,000 3,000 2,000 1,800 1,200 1,000 1,000 1,000 1,000 On this subject the Principal Bank has no control over the Branches, and I have not in my possession the information required in relation to them. I have several days since caused to be forwarded to each Branch a copy of a similar resolution from the Senate, requesting the information to be forwarded to me immediately-so soon as received it will be forthwith communicated to your honorobie body. Which is respectfully submitted, W. NICHOL, President. |