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(Exhibit A.-Continued.) Capital Stock, State Bonds,
410.000 School Fund,
47,310 51 Ocoee,
222,258 75 Surplus Revenue
-1,007,172 38 The State of Tennessee,
43 Treasurer of Tennessee,
121,763 83 Superintendent of Public Instruction,
6,202 96 Sinking or Contingent Fund,
132,255 34 Branch at Sommerville,
8,320 44 Due to other Banks,
48,157 S6 Exchange account,
28,672 09 Discounts received,
17,747 11 Interest account,
2,934 13 Damages,
1,063 90 Profit and Loss,
61,736 99 Circulation,
115,737 in Post Notes,
32 1,357 SI Individual Depositors,
1,780,535 99 HENRY EWING, Cashier,
, Nashville, Jan. 1, 1840.
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 sound 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.
(Sec exhibit B. on next page)
A Statement of the Amount of Notes and Bills Discounted for Residents of the respective Counties in the Principal
Bank District during each Quarter.
SUMNER. SMITII. JACKSON.
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 06136,312 63 43,901 81 55,872 50 68,138 85 18,232 75 7,900 do bills,
13,589 91 82,815 50 9,877 63
9,877 63 7,300 13,500
204,637 89629,453 17167,464 20218,655 S9 196,412 24 59,779 52 19,923 37
55,349 78356,695 59 25,173 89 12,300 48,030 1,300
(See EXHIBIT B. continued on next page:)
Nashville, Jan. II, 1840.
ROBERT C. Foster,
Dear Sir:--The number of notes and bills discounted for each county in the Principal Bank District to the Ist. of Jan. 1840, is as follows: Williamson,
389 not in the district.
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 ex. tended, and what, in the opinion of your committee, is unusual and unprecedented, 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 commitee 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 noies 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
October 30th, 1839.
In answer to your resolution of the 29th instant, requiring me to report "to the House of Representatives the different officers of the nothe 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,
$3,000 Henry Ewing, Cashier,
3,000 Edward G. Steel, assistant Cashier,
2,000 David Read, Teller,
1,800 Frank Williams, General Ledger Clerk,'
1,200 Alexander Cunningham, Individual Ledger Clerk,
1,000 Francis G. Roche, Collection Clerk,
1,000 Henry L. Norvell, Discount Clerk,
1,000 Solon Lindsley, Credi: Books, Letters, &c.,
1,000 On this subject the Principal Bank has no control over the Branches, and I have not in ruy 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 honoroble body. Which is respectfully submitted,
W. NICHOL, President.