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272 APPENDIX TO THE CONGRESSIONAL RECORD. nmarketin consequenco of proposed railroads, and who had settled thereon prior .o wvithdraiwal, shall be entited to pre-emption, at the ordinary minimunm. to the u/rlc c,ul.ivated by tlem : Provided, They shall provoe p their rightsby landl Hs,tld ulnd Hnuc niles ai l regulatiiins as may bo prescribed by the Secretary of the Interior tiidl )pyfi"r tlio sa:nit Ibfor tlh day that may be fixed by tie PIresidnt's proclama- tion loe tihe r,storahtion of said lands to market. (United Statoe Statutes atLargo, ei'.) volunm 10,p)go[ This act clearly justifies the inference made therefrom by Mr. Cushing. If I am right in concluding that no right vests in the railroad coinpaiiics till the line of the road is definitely fixed, and that the lads cain be granted, sold, and pre-cmpted unntil withdrawn from mnrket, enougig hiats been establlished to justify imy declaration now muiado that no vested right on the part of the railroads interferes with tie relief proposed by sections 1 and 2 of the bill under consideration. Section 1 provides that when lands have not been withdrawn from market, or after restoration to market, entries or settlements made in good faith are confirmed. Section 2 provides that when at the time of the withdrawal lands . Iwer held by valid existing homestead or pre-emption claimants, and afterward abandoned and rc-entered by other claimants, such entries shall be deemed valid. Sect ion :3provides for entries made in good faith where the grantees woer in defamult in the performance of the conditions of the grant. SuchIentries are declared valid. It scarcely requires an argument to show that a person who is to receive property on the p1erformance of conditions has no vested right in the property till the conditions are performed. These grants are almost all nuade to the States, and for a purpose, namely, to aid in blilding railroads. The State is a trustee. The acts of Congress contemplate regrants to railroad corporations, and upon such conditions as shall insure the faithful performance of the trust. Hence a failure to perform conditions which by their very nature must be conditions precedent -loaves the grantee of the State without any right to the land, and heonc no vested right interferes with the performanuce of the noble act of justice and humanity proposed by this bill. 1 call attention to the fact that this bill only seeks to confirm the title of settlers in good faith under the circumstances above set forth. . I wish, Mr. Speaker, I had time and ability to amplify and paint in a!l its beautiful and touching colors all that is impliedin those sweet words, "Good faith." The good faith here spoken of is faith in the l,bst and most beneficent government-a government founded upon the very basis of the protection of the sacred rights of the people. All our glory as a nation, sir, has boon achieved by upholding and sustaining the rights of the people. All our shame, if we have ever suillobred any, has been from forgetting or failing to protect the rights of the people. The only discord that has ever marred the sweet soiunds of the grand anthem.of liberty which has been sounding over t;his land since 1776 has been the groans of individual men, our I,rotlhrs, whoso sacred rights were forgotten or denied. Our rapit progress, our wonderful intellectual and material grovwth, our free discussioms, our ready accord, as a rulo, of the least right to the huumblest citizen, hlave led our people to a faith in this Goverunmont which reaches sublimity, and nothing is needed to prove this grand faith except to point to that grand rally at the nation's call in 1861. Sir, it was with such a faith, so begotten, that the rough and honest yeomion of the West, with their famiilics, went upon your public lands to build their hlumble lomoes. There they have dwelt for many years, and at each setting sun laid their weary bodies down to rest in their homely cottages with a confidence iu their Government only excelled by their conidenco in tleir God, to whom they looked for protection while they slept and light with the returning day. So it was with these bra,vo-hearted, trusting people for five ong years-no doubts, no lack of faith; but each returning day brought buoyant hope and bright prospects for the future. At last the day comes for tie reception of the title, which shall make the little spot, now so dear by all the hallowed associations of time and toil, the family home in perpotuity. Then for the first time the settlor learns that a princely, soulless corporation claims his home, and he is liable to be driven out at any time. Mr. Speaker, if we could be present at the time when the honest settler, returning to his cabin with the light of hope dimmed in his eyes, gathers his family around him and with faltering lips tells his dear wife and loving children what he fears, and could hear how they cling to the thought 'that the United States will protect them, conscious as they are of the good faith of all their acts, we might then better realize thin in any other way what a glorious privilege the people esteem their citizenship to be; and it might teach us how terrible a crime we would commit if by any act of ours the people wore brought to lessen their estimation of this citizenship. Sir, in view of scones like this, which are real and not painted, as every western man can testify, the cry of vested rights coming from the railroad companies strikes my oar like the hoarse croaking of thl raven or the cry of the jackal of the desert. With others be the task of looking out and protecting these protouded vested rights of grasping corporations. It will be my pride and boast, sir, if at the end of my legislative career, be it long or short, I shall be able to say that no word or act or vote of mine over impaired or limited the vested iights of the people. Freedman's Savings-Bank. SPEECH OF HON. F. G. BROMBERG, OF ALABAMA, IN THE HOUSE OF REPRESENTATIVES, May 14, 1874. ThoTionso having under consideration the bill (H. R.No.3265) amending the char. ter of the Freedman's Savings and Trust CompanyMr. BROMBERG said: Mr. SPEAKER: I shall pursue a very different policy from that of the gentleman from Kentucky [Mr. DUntra 1] in the manner in which I shall lay this question before the House. The gentleman from Kentucky has'confined himself to glittering generalities and vague statements. I intend to lay before the House the official reports which have boon denied to the House and the country by the committee ; which have boon smothered or attempted to be smothered by that committee; and I will show to the House that every statement made by the gentleman from Kentucky is controverted by the official figures of the examiners; and first, I will send to the Clerk's desk to be read a resolution which was introduced by myself and adopted by the Houso. Mr. MERRIAM. Not adopted, but referred to the committee. Mr. BROMBERG. Very well; referred to the committee. The House can see how far the committee has complied with the intention of the House. The Clerk read as follows: Resolved, That the Committee on Banking and Currency be, and is hereby, in. structed.to inquire into the management and condition of the National Freedmnan's Savings and Trust Company; anm.whether said company has violated its charter, and to report, by bill or otherwise, such measures as shall best protect the interests of the class for whom said bank was chartered. Mr. BROMBERG. That resolution was introduced on the 3d of February. The Freedman's Savings and Trust Company was organized, as stated by the gentleman from Kentucky, in 1865. Inthe fall of that year agents of the company came down to the city of Mobile for the purpose of establishing a branch. I was the only white citizen of Mobile who gave them any countenance. I lent the aid of my name to their advisory board, to give it character before our peopleit may seem egotism for me to say it--a name respected and honored for nearly forty years in South Alabama as a synonym for integrity. Ever since I have stood by that bank. Why? Because it met a need of the South, because the act passed by the Congress established a board of trustees, comprising some of the most honored names in this country, who seemed to me a guarantee that the professions of the incorporators would be faithfully made good, and that the institution would be worthy of my support. In addition to that, I found in the charter a clause which seemed to completely protect depositors and place them beyond the reach of individual frailty or corruption by restricting rigidly the investment of every dollar of deposits to United States securities; not a dollar was authorized to be invested in any other way. This was the law until 1870. In that year there was passed through this body an amendment to the charter, an amendment which came not from the Committee on Banking and Currency, but from the Committee on the District of Columbia of this House, although the provision was designed to affect the whole country, inasmuch as the bank had then branches in half of the States of the Union. That amendment allowed investments in other sccurities than those of the United States. It reads as follows: That the fifth section of the act entitled "An act to incorporate the Freedman's Savings and Trust Company," approved March 3, 1865, be, and the same is hereby, amended by adding thereto at the end thereof the words following: "And to tlh extent of one-half in bonds or notes secured by mortgage on real estate in double the value of the loan; and the corporation is also authorized hereby to hold and improve the real estate now owned by it in the city of Washinton, to wit, the west hlilf of lot No. 3, all of lots 4, 5. 6, 7, and the south half of lot No. 8, in square No. 221, as laid ont and recorded in the original plats or plan of said city: Provided, That said corporation shall not use the principal of any deposits made with it for the purpose of such improvement." This was the only additional authority given with regard to the form of investments. I saw no danger in this amendment, if honestly executed, because I knew nothing at the time of the circumstances of its passage. I continued my countenance to the bank, giving it all the assistance in my power. Last September, during the panic, when the institution suspended payment as other banks did, and an injured depositor resorted to legal proceedings, obtained an attachment, put the sheriff in possession of the branch at Mobile, and locked it up for more than one day, I was one of the two sureties to procure its release from the hands of the officers of the law, that it might go forward in1 its work, and did my best to stay the panic among the colored people. I think that after this record no man can-stand upon this floor and charge me with being unfriendly to the institution. This institution, however, goes out before the country mnder a charter which does not provide a single particle of machinery for making public its accounts. It has gone on enticing from the laboring man of the South his hard-earned pittance and his last cent of savings, and yet denied him any scrutiny into its affairs. I therefore offered in this House the resolution which, upon my motion, was referred to a committee I thought would act fully upon it, so that if there were APPENDIX TO THE CONGRESSIONAL RECORD. facts would be laid any wrong in the man,agement of the bank, thohave a right to know by it before the country and the people who the purpose of the tlieni. That committee has deliberately nullified object of the the resolution, and smothered the evidence which it was resolution to elicit. more Air. MERRIAM. I do not want to interrupt the gentleman say that this Conthan a moment; but he should do us the justice tolast an put to year gress authorized the Comptroller of the Currency examiner into that bank, which was done. Mr. BROMBERG. And the result was embodied in public docushowments which ought to have gone broadcast through the country, inig that this company was improperly managed andin bad condition. Ilowever, I knew nothing of that at the time I introduced the resolution, (February 3.) That was called forth by facts whichl incidentally cause to my knowledge. I lheard, indirectly, that at Montgomery every as dollar of the deposits, instead of Ibeing forwarded to Washington, was done at Mobile, had been used upon the spot in worthless or insecure investment ; the examiner of the bank hias since confirmed that information, and admits in his official report that there is a loss there of over $5,000. Inasmuch as every dollar that was deposited at Mobile was rigidly sent to Washington upon the demand of the authorities here, because, as they said, the law commanded it, it was with astonishment that I heard that in Montgomery the practice had been exactly opposite. As soon as I reached hero last fall I consulted with the gentleman representing the district in which Montgomery lies as to the proper means to remedy the wrongs if any had been com- ia mitted. Finally it was agreed not to push an investigation by a select committee, but rather to let a standing committee examine the matter, lest we might create a panic and possibly do damage to innocent parties. For myself, I thought that possibly at Montgomery there had been nothing worse than a little favoritism. The cashier at that nlace had been a paymaster in the Freedman's Bureau. The president hero was a former member of the American Missionary Association; and it seemed probable that on account of past relations there had possibly been a little leeway in the management of affairs allowed by the one to the other. Therefore, as the result has shown, with misplaced kindness, instead of pushing for a select committee, I referred the resolution of inquiry to one of our standipg committees, the Committee on Banking and Currency. Knowing that the majority of that committee represented the party which has made colored men special objects of protection, I thought that class would find full protection at their hands. My confidence was misplaced. I will proceed now, Mr. Speaker, as promised, to the testimony, and first simply call attention to the fact that I tried to get that testimony printed, but was met by opposition so intemperate in its zeal as to be more fitting to a paid attorney of some powerful criminal, caught in the meshes of the law, than a Representative standing here in behalf of the people of the United States. I will first call into court the examiner, Mr. Meigs, and ask the Clerk to read the report made by him on the general condition of this Freedman's Bank. Before, however, the Clerk roads, I will say that that report of the examiner unmistakably aims to give a favorable coloring to the conduct of the officers of the banks, and to smooth over their illegal proceedings. He is clearly a friendly witndss and although he may not have intentionally suppressed facts, yet his assertions and conclusions are culpably inaccurate, and founded on imperfect data. I will state to the gentleman from Kentucky, [Mr. DURHAM,] in denial of the statement made by him, that so far from having gone over and examining the branches, the examiner, when he made his report, did not have a single report of a branch before him, except those of Now York, Baltimore, Richmond, Norfolk, and Washington, twentynine having been as yet not heard from. In addition to the bad and doubtful debts, amounmting to two hundred and seventeen thousand and odd dollars admitted by him there are reported by the sub-examiners of the branches $300,000 of bad and doubtful debts which Mr. Mcigs knew nothing of, and nevertheless makes an official report intended to have the effect of an exhibit of all the facts in the case. I now ask the Clerk to read the report, and for order in the House that members may hear it. It is an important document, and, carefully studied, shows that this bank is absolutely insolvent. It damns while struggling to save its managers. The report is as follows; 273 Resources. Liabilities. Cash, loans, and investments, as per schedule herewith. $3,27, 510 .............. Loss badanddoubtful debts............................ 106,500 .............. Amount lduodepositors ............................... .......... ;3,298,569 21 For checks outstanding........................................ 31,0 oi t14 Cash borrowed upon collateral .................................... , 300 00 Total ........................................... 3,121,010 3,338,896 15 Showing a deficiency of 8217,886.15, or in other words, the depositors are secured to the extent of about ninty-threo ceonts on the dollar. Tho causes which have ledl to this doeflciency appear to be as follows 1. The large expenses attendant upon the erection and maintenance of branches which have been established upon the basis of a business beyond what has resulted in the way of deposits received at said branches. 2. lHopes arising from the authority originally given to the cashiers of the branches to makoe loan:s and to enter into mercantile transactions foreign to tihe business of a legitimate savings-bank. Tilis authority was.withdrawn some two years since, and no loans are now made except under tieo sanction of tlhe trustees of the lomo office. 3. The effort to follow the example of other savings-banks, who were not liable to such heavy expenses in allowing I per cent. interest on deposits, has induced the managers, in the hope of realizing largo rates of interest, to make loans looking more to profit than to safety of the principal suun. I consider this practice of allowing high rates of interest upon savings deposits as wholly and entirely wrong, as attention is thereby diverted from tihe safety of the deposits, which should be the governing motive in handling the savings of the poor. 4. Sacrifices made to raise money during the late panic and shrinkage in investments. There is discrepancy in the amount due depositors as between lho deposit ledgers and tho general ledger of about $40,000; but from a careful examination of these ledgers I am inclined to the opinion that this is merely the result of carelessness in carrying accounts forward and in opening duplicate accounts, and as the general ledger amount is made up from the aggregate amount of the daily receipts and disbursements, I incline to the opinion that the general ledger is the-most 'likely to be correct. I find it to be tlihe opinion of the officers that there is an amount of deposits which is not likely ever to bo claimed of from $100,000 to $200,000, and measures are being taken to get a clear idea of what amount is so situated, as thissis a very material question in getting at the liabilities of the institution. I would respectfully request that the managers boe required to adhere snore strictly, in the future, to therequirements of the act of incorporation, and particularly to sections 3 and 5, which refer to the manner of making and character of investments, which will result in greater security to the depositors. after ,January 1, 1874. The by-laws were so amended in Juno, 1873, as to read "' such interest only shall bhe allowed to depositors in the future as shall be warranted by the profits of tho institution," and notico given to the depositors. If tlhdoposit ors will exercise reasonable forbearance for six to twelve montlhs under this regulation, it will give the institution time to recuperate from the misfortunes of the past, and add largely to the safety of the depositors. I would suggest that all of the unprotitablo branches be closed up as soon as possible in order to reduce expenses, and in fact measures are now in progress to this end. In conclusion, I beg to repeat the recommendations contained in my last report.,* and to ask the fostering care and forbearance of Congress for an institution that has done and may continue to do great good to the freedmen, in inducing habits of care of their earnings. industry and frugality in tihe All of which is respectfully submitted. CHARLES A. MEIGS, .NationalBainklXxamrn4,. Joit J3.KNox, Oomptroller of the Currency. WAsmInoTON, D. C., February14, 1874. DEAR Sin: A careful examination of the TWashington branch of the Freedman's Savings and Trust Company has developed' the following results: The amount due depositors at this branch on the morning of the 29th Jmanuary, 1874, 384,009 00 as per the general ledger, was ...................................... My trial balance of the deposit ledgers shows the amount $450, 753 97 ...................................... duo depositors to boe 20,859 29 Less overdrafts ............................................ 420, 894 68 Excess of balances over general ledger................................ 45,795 68 The above discrepancy I believe to be entirely theresult of gross carelessness In the keeping of the ledgers. Many of the accounts are undoubtedly duplicated, havy. ing been transferred to other ledgers without being closed out in the original' account. Thus, in taking off balances, two or more accounts would appear tobe open, and one depositor would be represented by two or threo balances on the balancesheet. There has been an entire omission to secure the correctness of debit and credit entries by checking off with the respective books when posting. And I find that deposits and drafts have been made by dealers, and the amounts not posted to their accounts in the ledgers until several months afterward, and the errors only discovered on the presentation of pass-books. Under such a system it is impossible to prove the books, save by checking back all the entries to the opening of the WAIBHINGTOs, D. C., March 10, 1874. branch or calling in the pass-books. Either would be a labor of months, but one Sm: In aecordance with your instructions, I have just completed an examination or the otlher.should be done. In some instances debits have beon poIteAds credits, of the affairs of the Froedman's Savings and Trust Company, Washington City, and credits as debits. With the assistance of the clerk who was deonted mostcoten and respectfully report as follows: petent to discover and reject duplicated accounts, I very carefully revised the The figures are of Janary 24, 1874. Referring to my report upon this Institution balance-shoot, and was thus enabled to reduce the difference sheet about $7,000. of February 5,1873, I would remark that I find no material change in the general There appear to be nearly six thousand accounts, running through eleven ledgers, character of the loans and investments, as the financial disturbances.of theo past and no ordinary memory could pick out more than a few of the duplicates. The year have resulted in a reduction of the deposits and other liabilities of more than overdrafts were mostly temporary, excepting some old ones, dating back for several 1,100,000, andas a natural consequence the work of the year has been mainly in the years. Mr. Stickney says that the actual loss upon the overdrafts will not exceeood dhirection of liquidating liabilities and but few now loans have been made. 95 000 The panic which has just passed over thie land has had much to do with this large would repeat most emphatically my suggestions of last year, that all the so. reduction of deposits, and has occasioned sacrifices and losses in the effort to sus- counts transferred from the old ledgers and properly indexed, which, with a tain the institution under such an extraordinary drain upon its resources. At a proper be system of checking the ledger entries, rigidly enforced, and trial balances late day of the recent panic they availed themselves of the usual custom of savingsbanks to demanid sixty days' notice previous to payment of any considerable sum, and all such notices have been either paid in full or the notice withdrawn. * Report of the Comptroller of the Currency upon the condition of the savings. The resources and liabilities of the institution, as shown by the records, are as banks of the District of Columbia, Senate Miscellanoous Document No. 88, Fortyfollows: second Congress, third session. f IS A 274 APPENDIX TO THE CONGRESSIONAL RECORD. NEW YOIK, March 4, 1874. t taken off at least quarterly, would enablo them to steor clear of such discrepancies in the future and make a less discreditable shllowing. I cannot find any improvement, so far as the branch book-keeping is concerned, the result showing a differcnce in balances twice that of one year ago. I append a stateinnt of the condition of the branch on the morning of January 29. The item "J'rlnhipal offico" stands to the credit of tlhe branch on the books of that office. Also a tateeouunt of tho cash on hand, same date, which appears to be over $27.55. Very respectfully, yours, A. M. SCRIBA, Assistant Bank Examiner. CHArnL. 8A. MReIGs,Esq., NationalBank Examiner, Washington, D. U. Statement. Resources. Principal office*...................................... Cash........................ .............. To depositors................................... Total........................................... Liabilities. 31,066 58 ........... ........ 23,032 42 .......... ........ ............ 8384.099 00 ... 384,0099 00 Resources. Liabilities. i , - Cash in American Exchange National Bank, New York.. $12, 084 05 Legal-tenders and national-bank bills and fractional currency in tills. ...................................... 4, 646 25 Gold coin and notes..................................... 1, 048 00 Silver................................................... 296 70 Total cash .......-----------... . ..... ..-- ..... Checks on country banks and short sight-drafts received from other branches and deposited in American Exchange National Bank for collection .................. Ditto, with out-of.town agents.................... .... Loan on bonds and mortgages on improved property in Orange, New Jersey, valued at $6,000 or more.......... Loan on $500 railroad bond.............................. $500 first-mortgage bond, Chesapeake and Ohio Railroad, at sixty cents ........................................ Amount due depositors .............................................. Total ............................................... 18, 075 00 6,764 50 2,674 84 3,000 00 275 00 $3-22,'31626 300 00 322,316 i• 31,089 34 384,099 00 Of the amount due depositors about $50,000 is what may he called business de. posits, and the balance savings deposits. Number of open accounts,on books, 3,555. Statement of cash on handl. About three-fourths of the depositors are colored people. 3, 559, 298 0 $13, 217 00 Amount deposited since 1866.................... ................. Loeal.tindor notes................................................... .......-..........-................. 3,236, 981 76 Gold certilicates....................................................... 300 00 Amount drawn out...-...107 00 Total annual expense for 1873, (rent $2,000) ......................... Gold coin........................................... ................... 12,721 00 Silver ................................................................ 41 95 The habit of this branch, as as all the others, has been to remit all surplus 12 84 deposits beyond a working cashwell Nickelsa........:....................................................... balance to the parent bank, Washington, and the Fractional ourriency................................................... 70 80 loans on hand were authorized there. Checks on other banks ................................................. 6, 540 09 A steady diminution of their deposits has been going on for some time past in Cash itimlls, consisting of tomporary loans, cheeks against salaries,and this as well as at many other branches, and Manager Harris manifests consideras. iteniIH cihar to ed to xpnsaccount ............................... 2, 764 29 blo anxiety as to the working of things at the parent office. All good, Mr. Sticknoy says, oxcept note of P. M. Brown, dated CHARLES A. MEIGS, July 1, 1873, for.............................................. $300 00 National Bank Examiner. And two small loans, $10 each................................ 20 00 -- 320 00 BALTIMORE. WASHINGTON CITY, February18, 1874. The business of this branch appears to be confined entirely to the receipt of doposits, the payment of drafts against the same, and the remittance to the parent 23,032 42 institution at Washington of all sums deposited over and above aworking balance of cash of $5,000 to $10,000. total amount duo depositors this day appears to be............... $303, 716 27 Amount ofAlexandria, deposit8 atVirginia.................................................. the variousbranches of the li'edm,an's Savings and The Total cash on hand... ............................................. 4,488 22 1'rust Company. Atlanta, Geogia.................................................... Amount loaned on good security............................ .... 1, 43 61 Augusta, Georgia.......... ..................................... $21, 584 The total number of open accounts is 3, 500, and the great majority of the depos. Baltimoro, Maryland ............................. 28,404 itors are colored people. Beaufoi't, South Carolina.............. ...................... 96, 88'2 Current expenses about $4,700 in all. Charleston, South Carolina.......................................... 303,947 The books and accounts are well and clearly kept, and the last trial balance of Columbns, Mlississippi............... ........................... 65, 592 liabilities show a discrepancy of fourteen dollars only. Columbin, Tennessee................................................ 255,345 The banking-house owned by the bank consists of a plain three-story brick build. Iuintsvillo, Alabama................................................. 18,857 ing, No. 80 West Baltimore street, and I should think worth considerably more than Jacksoiivillo, Floridta... .................. .......................... 19,823 the cost ($106,00) at which it appears on the books of the bank. ILexiigton, Kentucky....................................'............. 35, 903 The deposits are mainly of a savings character, and the receipts and disburse. Little Rlock, Arkansas................................................. 22, 022 monts vary from $500 to $2,000 per day each way. Louisville, KIentucky ................................................. 34,993 CHARLES A. MEIGS, Lynchburgh, Virginia ....... ........ ............................ 17,728 National Bank Examiner. 3acon, Georgian....................................................... $137,094 Mumphis, Tennosoeo.................................................. 19,967 Mobile, Alabama.................................................... NORFOLK, VIRGINIA, February24, 1874. 54,342 ontgomoy, Alabama .............................................. 96,755 The only business transacted at this branch consists of receiving deposits and Natthlioz, Mississippi................................................. 95,144 making payments upon the same, and remitting to the parent bank all moneys on Nashvillo, Tennesseeo............................... ............ 29, 743 hand over and above a cash balance of $5,000 to $8,000, retained to meet drafts. Now rne, North Carolina ........................................... 22,195 The cashier's assistant has been sick for some time, and the books are only writNow Orleans, Louisiana................................... ......... 78,525 ten up to February 1, 1874. Now York, New York............................................... 40,621 $128,637 08 ......... due depositors.................................... Amount Norfolk, Virginia.................................................. 240,000 7,738 97 ............................ hlIiledol pia, Pennsylvania ....................................... 344, 071 Amount of cash on hand........... 2,577 accounts ........................................... Number of open Rlaloigh,TNorth Carolina..................................................... 126,337 Expenses, say $2,810 per annum in all. Riclniond, Virginia.............................................. 84,657 CHARLES A. MEIGS, Savannah, Georgia... ...................... ......... 26, 703 NationalBank Examiner. Sihreveport, Lousiana..... .... ... ........................... 166, 000 Saint Louis, Missouri .................................................. 153,425 Tallahassee, Florida........ ... ...................... 30,312 SAINT LouIS, MISSoURn,March 13, 1874-9 a. m. Vicksburgh, Mississippi.............................................58,397 Washington, District of Columbia................................ 40,207 Wilmington, North Carolina.......................................... Resources. Liabilities. 104,348 384, 789 45,223 $...... $100 00 ........... United States bonds and securities ........ 3, 299, 201 Due from other banks ................. 496 15 .......----................ 2,347 90 ........... Furniture and fixtures.................................. Mr. BROMBERG. The examiner hopes that Congress will extend Expense account-......------............................ 187 90 .......... 13 75 ............ ....... .. its fostering care to this bank. He is unmistakably a friendly wit- Cash items............-.............. 2,542 00 ............ banks................................ of national Bills ness. Now I ask the House to mark the date of that report. It is . 107 23 ........... Fractional currency .................................. March 10. 157 05 ,........... Specie................... ............................. Mr. MERRIAM. What year 58,613 66 .......... Loans to principal office............................... 58,613 66 Individual deposits.................................................. Mr. BROMBERG. March 10, 1874. 6,071 98 -............................-...............-...... Sundry resources Accompanying Cash over in comparison with general ledger.................... ......... 23,059 97 27 55 that report, as furnished by the Comptroller of the Curroncy, are certain schedules. I hold iu my hand copies of twentytwo official reports made by the various national-bank examiners of the different branches, every one of them, with four exceptions, of later dates than that under which the chief examiner writes, March 10, 1874. I present herewith to the House the reports by the sub-examiners: *There is a discrepancy hero. The principal office has $872.58 less to credit of the branch. The explanation is that the difference is previous shortthe cash, not yet charged to profit and loss. Total................................................. 64,685 64 64,685 64 W. D. W. BARNARD. VIRGInIA, February21, 1874. RICuIHMND, The business of this branch is confined to the receipt of deposits, payments on the same, and the remittance to the parent bank of all moneys on hand over and above a moderate working balance of cash to meet the daily demands of depositors. 168, 331 00 ................... Amount on deposit at this date ................... 800 17 Amount of cash on hand............................................. APPENDIX TO THE CONGRESSIONAL RECORD. Number of open accounts of depositors is 3,850; amount of overdrafts is $51.15, mostly considered good. Thileforce employed consists of$1,00 ...... Cashier, (wlliteo man,) salary................................... 500 ........................... Clerk, (colored,) salary.................. 500 .................................... Rent of banking-houso.......... amount average the and people, colored are depositors the of ma,jority The great dub each depositor is less than forty-five dollars. CHRLES . IGS, NationalBank Examiner. M•zMPHIS TENNESSEE, March 26, 1874-9 a. m. Total..........- ................................ ............ Principal office, Washington, District of Columbia........ Memphis branch ................... ..................... Current expenses ........................................ Bills of other national banks, fractional currency, &o .... Exchango................................... Liabilities. Individual deposits .............................. Overdrafts Liabilities. , 023 58 ........... 11,880 74 .......... 1,100 00 ......... 3,744 08 ............ 3, 20 15 ........... .......... 31 08 ....... 20,748 47 21,679 55 21,679 5.5 Of overdrafts$904.60 is by arrangromnts and is secured. Cashier holds himself ..... ..... responsible for the remainder which is on those accounts. The testing of individual ledger came out within $15 of tho general ledger on amount duo depositors. THOMAS WILLIAMS. Examiner. $55,723 51 12,211 48 17, 698 55 5,308 00 17 28 10,155 97 385 45 2,381 00 286 06 229 07 WILMINGTON, NOITHrCAoIOUNA, March 13, 1874-9 a. m. $4, 91i8 91 105,254 58 222 88 110,396 37 110,396 37 This is one of the few branches of the Freedman's Savings and Trust Company where the cashier is allowed to loan the deposits on such securities as he deems safe. Hoehas loaned to E. R. Knight, of Forest City, Saint Francis County, Arkansas, a large land-holder, $38,257.09, and holds as collateral: First, 100 M staves at New Orleans, held by the cashier of their branch there and worth $100 per M, or $10 per ,000at forced sale; second, a mortgage on Knight's homestead at Forest City worth he estimates $30,000, mortgage $10,000; third, two trust deeds for $10.000 anmd5,000 and fourth, notes which I listed, amounting to $14,436.07; total, $49,436.09. le assures me the sureties are ample. Another loan of 810,000 to W. L. Marsh, secured by two trust deeds on property estimated at $14,000. He t.hinks$10,000 could be realized if payment were pressed. Hoeholds besides good laud notes amounting to $5,150 as further collateral on Marsh's loan of $10,000. The remainder of the $55,573 loaned is in sums from $2,000 secured by trust deeds, down to $25, with various collaterals, and he assures me every dollar is good. Tieo .12,211.48 of overdrafts are also loans on collateral, except a, few small ones allowed on the credit of the drawer, all, lie says, good, except $841.41, which was abstracted by a dishonest colored clerk, some one or two years ago or more. Of this the principal office is cognizant. THOMAS WILLIAMS, Examiner. LOUISVILLE, KENTUCKY, March 9, 1874-5 p. m. Resources. fMarch 31, 1874-4 p. m. Resources. Total .............................................. Resources. ..... Notes and bills discounted ..................... -.................................... Overdrafts Principal office, Washington, District of Columbia....... Due from branches of same.............................. Duo from other national banks........................... Cirrent expenses from commencement here............. Checks and other cash items ............................ Bills of other national banks........................... Fractional currency, including nickels................... ----................................. Coin .........----............. ............... Exchange................ -.... Individual deposits ........................... ............................. Cash over.........---- Lrrri.T. ROCK, ArKANSAS, 275 Resources. 110,396 37 bank.................................. $33, 087 Duo from parent Expense account ................................... 944 9, Cash ........... .................................. 2,176 Overdrafts ........................................ . 2, 850 Short ..................................... 23 Duo depositors.......................................... ....... Echaugoeaccount ..................................... ........... Total ................................... Liabilities. 51 .......... 8...... ... 11.......... 40 ............ 77 ............ $49, 594 68 871 03 50,466 01 50,466 61G This branch was organized in October, 1868, and now has 2,542 accounts with de. positors, five of the largest amounting to $8.791. Thoe system of book-keeping is very loose. Much mor so underthe administration of the former cashier than the present oneo. Mr. John A. Smyth, the present cashier, entered upon his duties December 19, 1872, and no balance of the books was taken at that time, although some of the accounts were overdrawn, the largest one being the account of the retiring cashier, and that account now stands overdrawn $2,016.99, and is included in "overdrafts, $2,850.40." The cashier informed mo that he attempted at one time to balance the books, but they varied two or three thousand dollars, and lie had not found it. and since that time had made no attempt. I took oilf a trial balanco and found $2,923.77 short. This branch has made no loans, and owns no real estate. The ad. visory committee number nineteen, and as the branch makes no loans, but solids tie money to the parent bank as fast as it is deposited, there is really nothing for them to do. The last minute on the records was in May, 1873, and was in refor. once to a change of office. J. A. TALMADGE, National Bank Examiner. Liabilities. CArLmLESToN, Sourrr CAROLINA, March 16, 1874-9 a. m. Theprincipalofflceat Washington, DistrictofColumbia.. $119, 552 2,186 Duo from Citizens'Bank .............................. 12,882 Current xpenses..................................... Checks and other cash items...................................... 2,571 Bills of other national banks........................... 70 Fractional currency.................................... 530 Coin............................................... Profit and loss...................................................... Individual deposits.................................................. Total.............................................. 85 ............. 88 .......... 74 .......... 00 ............ 07 .......... 99 ............ $878 30 . 136, 996 68 137,874 98 137,874 98 The system adopted by the home institution is simple, and it is easy with proper care to keep balances straight. Commenced examination by making a full list of depositors, amounting to $138,697.90, being $1,701.22 more than the general ledger balance shows. Of these, $3,973.47 have stood over five years without change. They are fifty-eight in number, and the cashier has little or no knowledge of the parties. The home office do not allow of any loans being made hero, nor do they leave the funds here beyond about the amount reported at this time, so that wlhen depositors draw their cash (except in small sums) they are paid by draft on the home ollice or one of its branches. THOMAS WILLIAMS, Examiner. LEXINGTON, Resources. Liabilities. Due from parent bank ............................... $231, 210 35 .......... Expense account................................., 7........ 3 22 ....... Cash .................................. ................ 9,31 17........ Due to depositors................................................... 23,168 516 Exchange..................................................... ...... 3,336 18 Total .............................................. 256,504 74 256,504 74 This branch was organized in December, 1865, and now hlas 5,295 depositors. The books of this branch balanced within cightyo.ight dollars, after making al. lowance for an error which existed previous to Mr. Ritter's administration, and Is regularly entered on the records of the branch by tlhe inspector for tile parent bank; amount, $3,700. This branch Ilavo made no loans. Tle pIarent bank owns the banking office, and it is valued at $6,000, but could not be sold for that sum at present. All the branches are required to send to tlhe homo bank dally statements. The amount and its expenses and exchange are the totals since the branchos were first organized. J. A. TALMADGE, National Bank Examiner. KENTUCKY, March 12,1874-9 a. m. BEAUFOIRT, SOUTHCAROLINA, March 21, 1874-9 a. m. Liabilities. Principal office, Washington, DistrictofResources. Columbia....... $27,790 49 Due from other banks.................................. 65 67 IResources. Liabilities. Duo from State banks .................................. 4,079 59 Current expenses...................................... 4,184 30 Bills of other national banks ........................... 1, 609 00 •26,166 61.......... ................................. Fractional currency.................................. 99Loans......... 56 3,603 24 ............ Coin...................... ......................... 170Cash .... ....... 28 on hand........................................... 2,368 98 ............ Bank............................... Exchange.... Duo from Charleston ............................................. 10,963 10 ......... Individual deposits........................... .................... Profit and loss........................................... .. 11 4,29411 4,294 ....... .................. Overdrafts............................ 14,249 12.......... account........................................ Total .............................................. $126 34,998 41 Expense 80 77,216 79 ................... 34, 872 48 Due to depositors......................... 15,485 28 Exchange account................................. 71,638 34 34, 998 89 Duo parent bank ........................................ 2,065 25 ........... Short................................................... I cannot say as much of his success in banking, although I have no doubt of his integrit. I find he cannot make his individual deposit ledger agree with his genoral ledger by $1,305.84; it is so much short, and I thinkit must be that this sum is entered on the pass-books of depositors while it has not been placed to their individual accounts. I think a sharp hint from the Comptroller that his individual ledger should be made to prove by the general ledger would do him good. THOMAS WILLIAMS, Examiner. 164,340 41 Total................................... Loans on real estate............................................... Loans on collateral............................................. Beaufort County, South Carolina, scrip, par.......................... Total..................................... ....... ... ... 164,340 41 58,402 :11it 37,000 00 30,764 48 126,160 01 APPENDIX. TO THE CONGRESSIONAL RECORD. 276 The loans I have divided into classes as they are all overdue: .............................. LAans considered good ............ .......................................... Second class ........ ................................ 'Third class ................. ............ 'Taxes paid on real estato .......................... ........... lBeaufort County scrip, par.................... AuoUSTA, GEORGIA, April 3, 1874-9 Resources. a. m. $22, 70 48, 968 23,382 3 30,764 59 31 95 28 48 ....126,166 61 .... . .....-Total.................................... T am unable to arrive at au;, market value of the real estate on which money has cashier. present by the made statements upon is based hecn loaned, but schedule Profit and loss account, debtor, 810,963.10, and overdrafts, $4,924.11, wore mado by the former cashier Mr. Scovel, and the company have sued on his bond of $6,000, and trial set for (ith of April. The amount $2,065.25 "short" has been accumulating since the branch first One account atarted. There are twelve hundred depositors with this branch.deposited by sol called "doserters'-account" hasa creditof 811,504.58, which is money diors and has never been oalled for. The parent bank own the building occupied by this branch, and it Is valued at about $6,000. J. A. TALMADGE, NationalBank Examiner. MAcoN, GOl.OImA, April 10, 1874-3 p.m. Resourccs. )Liabilitis. Ovordrafts.......................................... I'arent bank.......................................... Dno from city bank.................................. $43 38 ........... Expense account...................................... 42,812 32 ........... ...................... Exchango account............. 187 98 ............ .................... National curreny.............. 8, 799 43 ............ Fractional currenoy...............................-50 36 ............ Coin................................................... 613 00 .......... .. .............- 154 14 ......... hooks do not balance ............ Duo dpositors......................................... 182 00 ............ 72 ............ Total .................................... ......... $52,837 33 52, 837 33 ''ltroare 1,54!)accounts. The last triil balance of lodger varied eighteen dollars. branch. 52,837 33 No loans made at this J. A. TALMADGE, National Bank BExaminer. SAVANNAH, GEOROIA, March 24, 1874-9 a. m. Resources. Liabilities. 133,100 49.......... ............................ Duo from parent bank .... Exponsea............................................... 20,373 49 .......... $15, 696 09 uo depositors .... ................................................... 651 16 Exchange ........................................................... 3,873 27 ...... .......................... Cash............................ 157,347,25 Total ............................................. 157, 347 25 Thls branch was organized in January, 186i, and now numbers 4,244 depositors, Mr. Isaac W. llrinekcrholl; cashior, and h has hlold the ollico from the time the branch first started. Ho keeps no general lodger, but the depositors' ledger is in very good order, and balances within $22.27. No loans are mado at this branch. The building this bank occuples is not owned, but routed at an annual rent of $1,200. This branch lhas a clear record from the start. J. A. TALMADGE, NationalBank Examiner. ATLANTA, Liabi ilities.19 Duo from parent bank.................................. $89,632 ... Gold............................. .... . 82 09 National Bank of Augusta............ ............... 175 75 ... Cash............................................. 4,689 66 ... Expense account...............-.. .... ......... 12,056 13.. Profit and loss....... ................................ 19 07 Sundry errorsin cash .................................... 81 99 Amount du depositors........................................... .......... Exchange ............................... ................... 1 Total-............................................... 432 92 109,036 88 60306 109, 036 88 The books of this branch are well kept and in good order. The bank owns no real estate, but rent a banking office. This branch has made no loans. Number of depositors, 3,373; the two largest depositors are treasurors of Aiken County, South Carolina, $10,209.98 and 65,400; those aro the only ones over $2,000; all money sent to Washingtpn for investment. The branch was organized in March, 1860. t. A. TALMADGE, NationalBank Examiner. JACKSONVILLE, FLonRDA, March 28, 1874-9 a. m. Resources. Liabilities. Loans................................................... $91, 824 34 Overdrafts................ ........................... 37,067 50 Collecting .................--..... .................. 487 00 Profit and loss......................................... 920 72 Expense ............... 16, 841 22 ............ ................. Casho .....................--...-....................... 11,429 87 Duo depositors.......................................... Exchango .............. ............................ Duo parent bank.......................................... 860,399 41 30,970 44 Total............................................... 158,570 65 67, 200 60 158,570 65 Loans are overdue, butinterest is paid regularly on $13,066.00. Loans on real estate................. ......................... $13,032 IS Single-name paper..................... ............. ........ 38,278 06 Largest loan to any one party................................... 21,343 46 This loan was made to Allen & Farrar, and their affairs are in the hands of a receiver and the bank have got judgment against him and have allowed the receiver to overdraw his account $34,567.98, and try and work out the indebtedness by running the saw-mill, and on this account allowed the overdraft. Loans considered good.............................................. $18,878 63 County and State scrip, market value ................................ 3, 73 43 Interest on loans.................................................. 2,699 39 Second-class paper.................................................... 23,472 62 Third-class paper.......................... .......................... 43,882 66 92,606 72 These loans weremade by the former cashior. The present caslier, Mr. J. W. Swain, informs me that he considers none of this worthless at the present time, but it will be a long time before it is all paid, and it is on his statements I have made this classification. The books of this branch are kept in a very loose way, and it took nearly all day to got a balance. This bank kept a general ledger at one time, but it has not been posted since September 1, 1873, and the cash-bool is not written up since the 13th of this month. The bank keeps some merchant accounts and pays no interest on them, The amount of non-interest deposits is about $5,000. 'Ther are oighteen hundred and fifty depositors with this branch. The parent bank own the building occupied by this branch, which is valued at $40,000. They have a fine office-vault and safe, and the building also contains two stores and largo hall and six offices, which are rented. J. A. TALMADGE, NationalBank Examtinr. GnonUIA, April 8,1874-9 a. m. Resources. Liabilities. Ovordrafts.............................................. $161 70 ........... lDuo from parent hank ................................. 11, 084 87 ........... )Duofrom national banks................................. 200 00............ Exponao account.................... .................. 9, 2:18 47 .......... Itms............................. ........ 5,883 21 ........... Natlonal curroncy....................................... 035 00 .......... Fractional currency..................................... 86 79 ........... Coin............ .............................. 270 49 ........... Errors in cash............................................. 28 82 ... ..... Short........ ............................... 1939 7 ............ A mount unedepositors........................................ 28,885 53 Exchang............................................... ............ 63 40 Total................................................ 2),548 93 Statement of the Mobile branch of the F.'eedman's Saving8 and Triut Comnpany. MmOILE,ALABAMA, April 25, 1874-4 p. m. Resources. Liabilities. Cash, currency......................................... $10,192 135 Cash, gold................................................. Expenses....................................... 19, 890 Parntbank............................................ 61,143 Duo depositors................................................. Exchange......................................................... Total ................................................ 14.. 24 ----75 ......-57 ... ---89,212 62 2,149 08 . 1,31 70 91,361 70 1, 548 93 Cash items, $5,883.21, are memoranda loft by Philip Cory, the former cashier. Overdrafts, $161.90, considered not good. lhort, $1,939.(7, reported by Philip Cory as stolen February, 1873. I ebruary, , 1874, Philip Cory was arrestod as adefaulter. This work (calling in the books) Is not finished as yet, and full amount of defalcation by Cory Is not known. The amoiuutnat present is $8,000. This branch has niule some loans and all the papers rolating to them sent to the parent bank, ain no record of them appears upon any look of the bank. All the loans woro muadl without the advico or consont of the advisory committee, so I am informed; and no record of thel mntiugs of the coiinmittoo are to be found. Thie branch ownuo real estate, but rent an oflico at a monthly rent of twenty dollars. Philip Cory gave a bond in the sum of ,0;000. I. A. iTA.LMADGrE, NationalBank Examiner. Number of depositors 2,650. No depositor to an amount of over $2,000. Amount duo white persons, $1,000. No loans made at this office and no collection business done. Moetings of advisory committee not well attended. The cashier, C. A. Woodward, was removed April 16, 1874, on account of having taken funds to the amount of $3,375, which he claims as services rendered the Froodmon's Bureau. This amount Woodward charged to the parent-bank account on exchange account. The parent bank would not allow the claim, and removed the cashier: and 'the parent-bank inspector, Mr .A. MSperry, is in charge of the office. The Freedman's Savings and Trust Company have commenced suit on Mr. Woodward's bonds of $10,000 for the recovery of the money. The office now occupied by this branch is the old Bank of Mobile building, and they pay at the rate of $1,000 a year rent. ,Tho books appear in fair shape. Present buriness small. J. A. TALMADGE, Nrational Bank Examiner. APPENDIX TO THE CONGRESSIONAL RECORD. _ __ MoNrOOMaHY, ALABAMA, April 15, 1874. Sin: In accordance with your instructions, I have this day made an examination of the Froedman's Savings and Trust branch of tAe affairs of the Montgomery Comniay, Bfontgomory, Alabama. It appears that Mr. E. Beecher, the cashier, of the advisory board of the parent consent or advice the without inatl some loans this ollice, the probable loss on hich will bo about $5,000 or more. Tli result of contransaction is that the Freedman's'Savings and Trust Company enterod into a Freedman's the whereby 1874, of February, 23d the on Co. tract with E. Boochor & branch and transSavings and Trust Company agree to close their Montgomery for their Ibusiness and assets at this branch to E. Beecher & Co., E. Boeechor & and Co. to carry on the business and assume tlhe amount duo to the parent bank depositors, and gave thte Freedman's Savings and Trust Company a bond of $60,000 and Savings Freedman's The contract. the of part their of for tile fulfillment Trust Company are now liable to the depositors at this branch to the amount of $10810.24, and E. Beeioo r & Co. now owe the parent bank $28,380.79. STie statement of the branch at the time of transfer to E. Beecher & Co. is as follows: Resources. Amount duo depositors................................. Amount due parent bank.................................. --....-...................-----------Exchango-......--........................ ]xl\pciso accountt......... ... Cash, including loans .............---..............--Total.......--...--------............................ . 3, 489 98 47,863 00 51,852 98 Statement of the Iluctsville branch of the Freedntan's Savings and Trust Company. HUNTSVILLE, ALABAMA, April, 23, 1874--1 p. m. Principal oflice, Washington, District of Columbia....... $25, 058 1,579 ])no from State banks and bankers ..................... 5,26 Current expenses ................................................. 437 Bills of national banks................................... 15 .............. Fractional currency........................ 428 ..................... Coin................--.. ................... Excha.ngo....................... depositors ................................................ )Duo The individual-deposit lodger shows more duo depositors tlan tlhe genoera ledger shows reported to thoe principal 2,034 office by............................................ 1 Cash shaort................................................ Liabilities. 71 ........... 20 ............ 83 ............ 00 ............ 50.......... 16 ........... $520 05 34, 061 85 56 .......... 95 . 35,481 91 35,481 91 Cashier Robinson seems to bo a clever follow, and is much more astonished at the result of listing the balance due depositors than I was, notwithstanding he read them off to mo himself. lie says the inspectors from the principal office never list them, nor' require him to do it. The following morning, as I was about taking leave, Robinson came to the hotel and called my attention to the sum of $239.98 paid depositors yesterday that should have beeoondeducted from amount duo depositors. After I loft, when reflecting how it should be that these branches are all in the same kind of discrepancy, I called to mind no one of them had shown me any ac. count for interest credited and paid on deposits, and I doubt whether the account is kept, as there is no such item printed on their blanks. The very next visit to one of those branches I will look after this item. THOMAS WILLIAMS, Examiner. NASIiVILLE, TENNELs EE, April 8, 1874. Resources. Liabilities. Overdrafts.......................................... $31 55 Excliange in balance to debtor................ ......... 182 1 Principal oflice at Washington, District of Columbia...... 02, 755 87 Amount oxponso........................................ 12,247 20 Bills.... .......................................... 1, 328 88 Individual ledger deposit list in excess of what is shown and reported from general ledger....................... 859 94 Sliortcash, ary says, was shown up to the last inspection from principal olice................................... 21 20 Individual deposits................................................... 77,020 80 The principal oftice mado a poor investment hero at Nashville in a building. Cary says it and lot cost $27,000. loe estimates that tlh' receive $1,250 rent, besides their banking-office room. This is a very semall income on the rent. 'LHOMAS VWILLIAMS, £xamniner. The House will see that the reports from those branches which bear most heavily upon the status of the bank, those at which the grossest irregularities and most dishonest proceedings have been practiced, wore not before Mr. Meigs whl n Ito wrote his statetment; and yet, withont them, he has hlad the assurance to infortm the Comptroller that the bad and doubtful debts of the Freedman's Bank woro only $106,500, and that the bank was within seven cents on the dollar of solvency. The reporte of eleven branches, including Now Orleans and Vicksburgh, are not yet oven in the hands of t to Comptroller of thoCurrency, and those from Mobile, Tuscumbia, Huntsville, and Montgomery, and Nashville and Columbia, Tennessee, have come in so reLiabilities. cently that they still lie upon the table of the Speaker. It is clear, therefore, that to arrive at any well-founded conclusions $29, 048 39 respecting the bank we must examine the oflicial figurcs and sched19, 509 62 ules for ourselves. So much for the examiner's sins of omission, 4,254 97 whose exact amounlt I shall discuss somewhat liter. I shall now proceed to show further inaccuracies upon the part of the examiner, and these will be sinsof commission. I hold copies of two clledules fur51, 852 98 hished by him as a part of his report, and which I lay before the House. When depositors present their books at the bank for deposit or draft E. Beechor & Co. tako up the I rcedman's Savings and Trust Company's book and issue their own instead, if the depositor will agreo to the transfer. E. Beecher & Co. have two years fron the 1st of January, 1874, to make those payments or transfers, and if any amonuts remain due by the Freedman's Savings and Trust Company to depositors at tho expiration of the two years, E. Boecher & Co. agree, to pay the amount to tlmeFrecdman's Savings and Trust Company, and the depositors must look to the parent office for it. J. A. TALMADGE, National Bank Examiner. Resources. 277 .......... ............ ............ ............ .. ..... ............ $77, 20 8 77, 020 80 Cashier Cary is a quiet, clever colored man. Ho, like most whom I have met in these branches, fails of the necessary care to prove up his books and keep his two ledgers inbalance. Ho is long on his deposits and short on his cash. Of the latter, hesays the inspector who last visited him from the principal office found it so; but I have not learned from him or others, that the inspector had taken pains to list and prove up thoir ledger, or required them to do so. The system adopted by tle principal ollice in daily reports of all deposits, drafts, and checks is good, and if faithfully carried out, and proved monthly, would be advisable. Schedule of loans of the Freedman's Savinmgs and Trust Company; Washington City, January26, 1874, on real estate. Henry Wells, June 3, 1870, on square No. 597; interest paid to August 22, 1872..................................................... ... 00 J. S. Ioward, May 20, 1870, on sub-lot 35, square 309, improved ; interest paid to November 26, 1873....................................... 050 00 Thomas L. IHumo. December 21, 1869, on east ono-half of lot 2, square 408, improved: interest paid to May 1, 1873... ....................... 8,000 00 General R. Williams, January 3, 1870, on lot 6, square 500; interest paid to July 1, 1872.................................................... 6,500 00 R. P. Dodge, January 24, 1870, on Georgetown property, Congress street, "Huntington cus ;" interest pai to January 24, 172............. .. 13,78& 50 L. F. Borland, Juno 6,1870, on lot 52, square 511, improved; interest paid to December 2, 1873 ................. .......................... 1, 475 00 Georgo Savage, Juno 7, 1870, on lot 1, square 348, improved; interest paid to December 7, 1873................................................... 0,000 00 D. B. Nichols, June 8, 1870, on lot 12, square 773, improved; interest paid to March 11, 1873............................................... 25000 Joseph Casey, June 11, 1870, on lots 1 to 17, Hall & Evans' subdivision Meridian Hill; part interest paid to August, 1871 ................... 3,130 00 Robert Clarkson, Juno 15, 1870, lot 14, square 481, improved; interest paid to December 8. 1873 ................................................... 2, 500 00 Charles Dyson, June 14, 1870, lot 25, square 870 ........................ 39( 74 C. Cammack, jr., Juno 23, 1870, lot 3, square 224; interest paid to Juno 22. 1873 ...................... ...................................... 1,500 00 intorosf Benjamnin C. Wright, Juno 24, 1870, lot 21, square 510, inmproved; paid to December 1. 1873 ............................ ... ........ 1,500 00 S.P. Brown & Son, Juno 27, 1870, lots 7, 8, 10, 53, 48, 49, 41, 74, 60,61,60, 67, 73, 21, 22, 75, at Mount l'leasant; interest paid to June 21, 1872 .... 10,000 00 Martin iBuell, June 28, 1870, lots 3, 4, 5, square 572, improved; interest paid to Juno 24, 1873..................................... 3,000 00 C.. . Alexander, Juno 30,1870, farm on Bladensburgh turnpike, opposite Mount Olivet cemetery, improved; interest paid to December 20, 1873. ,500 00 William Porter, June 30, 1870, lot 6,section 3, Barry farm fund; interest paid to June 30, 1873 ............................................ 200 00 J. Johnson, July 1, 1870, lot 22, square 126, improved; interest paid to December 30, 1873................................................. 268 80 Samuel Fudge, July 1, 1870, west half of lot 20, square 158; interest paid to December 22 1873 .................................................. 300 00 W. V. Raploy, July 5, 1870, house and lot, G street, near Twenty-first street, square 203, west side Fourteenth street, east side Fifteenth street, containing 51 lots; lots 9, 10, squaro 79; interest paid to July 5, 1873............................................ ............... 10,000 00 Thomas Blagdon, heirs, July 5, 1870, lot 22, square 523, lot 21, square 533, improved, 5 four-story brick houses; interest paid toJanuary 2,1874, on Indiana avenue, south side, between Third and Fourth streets west... 25, 000 00 David Millor, July 7, 1870, farm 60 acres, in Washington County, Mary. land; interest paid to January 5,1874 ................................. 2,500 00 M. Gately, July 9, 1870, lots 10, 11, square 785, improved; interest paid to January 5,1874................................................. 800 00 Levi Prince, July 11, 1870, part lot 6, square 920, improved; interest paid to January 11, 1874............................................. . 300 00 C. Adams, August 4, 1870, lot 35, square 545, improved; interest paid to August 16,1873, (balance) .......................................... 30 00 I. Lancaster, August 9,1870; lot 10, square 558, improved; interest paid to August m,1873.. ............................................. 400 00 S. Bach, September 10, 1870, lot 77, square 180, improved; interest paid to September 9,1873 ...... .................................... 1,200 00 C. S. Ford, September 13, 1870, lot 7, square 763, improved; interest paid 3,000 00 ......................................... to September 9, 1873 .... C. M. Barnard, September 13, 1870. lots 7,10, and 19, square 369, improved; intercat paid to September 16.1873 .................................... 500 00 Joseph L. Savage, September 22, 1870, lots 115, 110, Bentloy & Iawkins's 5, 375 00 addition, Georgetown; interest paid to Juno 24, 1874................. 50 00o James Cooper, September 24, 1870, part lots 74 and 75, old Georgetown... John II.Mason, October 1, 1870, lot 12, square 140, improved; interest 250 00 paid to September 21, 1873............................................ McGill & Witlhrow, October 5, 1870, lot 2, square 321, improved; interest 8,418 25 paid to Septomber 30,1873........................................... W. . Toldd, r., (trustee,) October 5, 1870, lot 14, square 309, improved; interest paidto October 4, 1871......................................... 165 05 William J. M3'rta"h, October 0, 1870, east half lot 7, square D, improved 3 ..... 1,200 00 interest paid to December 20, 1872.............................. D. C. Forney, October 30, 1870, lot 92, in Gilbert's sub. of part of equaro 3,750 00 375, improved; interest pmid to October 14. 1872...................... R. B. Mohun, October 20, 1870, lot , Daley's senI. of lots 1, 2, 3, and 4, square 215, improved; interest paid to October 30, 1873................ 1,316 71 Thomas W. Chase, October 29, 1870, part lot 1, square 335, improved; in3,000 00 terest paid to October 25, 1873.................................. Williami F. Crane, Octo,er 31, 1870, lot 9, squaro 398, improved; interest 3,250 00 paid to April 30, 72................................................ $2,000 278 APPENDIX.TO THE CONGRESSIONAL RECORD. Nelson Hall, March 28, 1871, south three-quarters of lot 36, square 69; in. James C. Kennedy, November 1,1870, west 25 feet of lots 1 and 18, square terest to March 28, 1873 ............................................ 0, 000 0 0 $175 09 .. 1.. 200, Improved; interest paidto November 1,1873.............. .J. IIinds, March 30, 1871, west half of lot 5, reservation A, improved; Noah L. JlefTris, November 4, 1870, lot 14, square 199; interest paid to interest to September 27, 1873, balance....... ... 566 02 .......... .. . ....... 287 00 A pril 1 l 3 ........................................ Thomas L. Hume,March 30,1871, parts lots 168,169,174, and 175 in Beatty November 10, 1870, lot 40, square 302; interest paid to Joln T. Jlalley, & Hawkins' addition to Georgetown, improved; interest to Soptemiber 250 00 ......... ...... November 10, 1873 ................. 28, 1873........... .. ....... ................. ....... .............. .. 10,000 00 J. 11. A. Shurreimani November 11,1870, lulf lot 24, square 728, improved 1, 200 00 W. 1. Iowlow, March 30, 1871, part lot 13, square 818, improved; inter........................ to July 21,1872 ........... interest paild est to March 29, 1873.......................--....-................ 800 00 F. Frazier, November 14, 1870, lot 13, square 331; interest paid to Noveim35 00 George M. Lanckton, April 3, 1871, part of D. J. Fenwick's farm called bir 11, 1873, (balnce)..................................... ....... "Youngsboro'," rear of Mount Olivet cometery; interest to April 1, Itlchard Waters, November 15, 1870, part lot 24, square 528; interest paid 1873................................... 125 00 . 7,000 00 to November 12, 1873 ............................................. Sarah L. Parkhurst, April 3, 1871, part lot 2, square 210, improved; interA. ..Parry, November 18,1870, part lot 2, square 82, improved; interest Sest to April 3, 1873............. 71 46 ................... 1,300 00 paid to Novomuber 11, 1873 ............................................. Lemueil Bursley, April 4, 1871, west part of lot 2, square 818, improved; A. ilouldin Noveinbr 18, 1870, part lot 11. square 516, improved; interest interest paid to April 1, 1874 ......................................... 1,000 00 ... ..................... 85 00 paid to November 14, 1873 ... RobertKopp, April 4, 1871, north quarter lot 29, squaro 140, improved; J. 0. Logan, November 19,1870, lot 22, square 974, improved; interest paid interest to September 25,1873............... 1,000 00 ....................... 750 00 to September 27,1873.............................................. H. I. Nichols, April 5, 1871, part lot 5, square 370, improved; interest to R. T. Martin, November 10, 1870, lots 7 and 16,square 65, improved; in. Jannuary 1, 1874..................................................... 150 00 600 00 torest paid to November 10, 1873................................... James T. Sothron, April 5, 1871, lot 33, square 107, improved; interest to T. Roesle & Son, November 22, 1870, chattel mortgage on furniture and October 4, 1873 balance .............................................. 200 00 fixtures in the Arlington Hous e: interest paid to November 24, 1872.. 28,000 00 Analostan Boat Club, April 5, 1871, property G street wharf, improved; F. P, Stanton, November22,1870, lot 21 cast half of lot 20, square 688; 200 interest to October 5, 1873 ........................................ 40000 acres In Montgomery County, Maryland; interest paid to November M. M. Rohrer, April' , 1871, lot 154, square 623, improved; interest to 00 4,500 30 1873............................................................... October 5, 1873............... .................................. 3,000 00 II. R. Searle, November 28, 1870, lots 5. 0, 7, 8, 9, and 10, square 308, im. proved; interest paid to November 23, 173........................... 3,700 00 William Harris, April 7, 1871, part of lot 44, square 69, improved; inter. est to September 30, 1873 .................. ..................... .... 140 00 A. Dullos, December , 1870, lots P and Q, square 273;interest, paid to 150 00 John Harris, April 7, 1871, southl quarter of lot 37, north-half of lot 38, February 10, 1873 (balance)................................................ square 69;interest to September 30, 1873........................... 166 17 L. W. RosH,December 1, 1870, improved property in Baltimore; interest Isaac Baxley, April 7, 1871, lot 23, square 69, improved; interest to Sep....... to May 30,1871, (paid)............................................. tomnboer20, 1871 ........................................................ 220 00 .K . Allen, December7,1870, lot 67, 68,69,71, and72, squaro274, improved; 2,500 00 John Jackson, April 7,1871, north threo-quarters of lot 37, square 69, imInterest to May 30,1871.................................................... proved : interest to March 31, 1873, balance ......................... 179 17 John WI.Rogers, Decombor 16,1870, lot 20, square 307, imuproved; interest 800 00 William Kennedy, April 7, 1871; part lot 12, lot 13, squa 395 intere est ....................... to December 6,1873 ..................... paid to October 6,1873 ... ....................................... 600 00 A. M. Hunmphries, December 17, 1870, lot 2, square 396; interest to June 200 00 Elizabeth Prouss, April 7, 1871, lot 35, square 435, iproved; interest to 17 1873 ................................................................ October 8,1873, balance................................ ............. 1,070 00 M. . Brown, December 20,1870, part of a tract of land called the "Rock Bovorly Horton, April 8, 1871, lot 62, square 182; interest to October 6, of Dumbarton" or "Pretty Prospeoot" improved; interest to Jnnu 19, 1873, balanco ...................................... ........ ...... 21,000 00 70 00 . . ... .................................... 1873 ... Isaac Dorsoy, April 8, 1871, east half of lot 8, square 514; interest to OcJohn W. Bailey, December 21, 1870, lot 49.square 182, improved; interest tober 8, 1873, balance .................................................. 600 00 69947 ................................................ to June 3, 1873........ C. W. Havonner, April 10, 1871; lot D, square 133, improved; interest to M. L. & W. G. Crawford, Decomber 24,1870, lots 5, 6, 7, and 8, Deal's addiApril 8, 1872 .......................... ... ............. 1,000 00 . 1,00 00 tion to Georgetown; interest to June 12, 1872 ......................... C. W. Havonner, April 10, 1871, lot 13, square 131, improved; interest to L. Dean, Detomber 20, 1870, part lot 16, square 551, Improved; interest to April 7, 1872 .......................................................... 875 00 ..... .. .......... 1,200 00 Juno30, 1873.................................... Robert I. Fleming, January 6, 1871,east half lot23, square 209, improved. 8, 010 00 C. W. Havonner, April 10, 1871, lot A, square 133, improved; interest to April 7, 1872 ................................................. 1,200 00 W. Cogglns and others, ,Jannary 7, 1871, deed of trust notes on and in Norfolk and 'ortsmouth, Virginia; interest to Decmber 22,1873...... 1, 300 00 Eliza I. Fulton, April 11, 1871, lot 8, square 334, improved; interest to October 11,1873, balance............... ............................ 250 00 W. E.Moreland, January 12, 171, one hundred acres, "The Vale;" inter1, 500 00 C. IV. Havenner, April 17, 1871, part of square 90, improved; interest to ......................... est to Decomber 7, 1873................ April 13, 1873 ......................................................... 1,200 00 W. E. Davildgo, January 16, 1871, lots 5, 0, 7, 11, 18, and 19, "Metropolis View;" interest to January 10, 1874.................................. 4,000 00 C. W. lHavonner, April 17, 1871, part of square 90, improved ; .interest to April 13, 1873 ................................. ............. 1,200 00 S. L. Loomis January 18, 1871, lots B and C, square 85, lots 21 and 22, square 107, lots 16,17, and 10, square 652; interest to April 16,1873.... 1,000 00 C. W. Havonner, April 17, 1871, part of square 90, improved; interest1 paid to April 14,1872.............................................. 1,200 00 interest 309, improved; Samuel Jackson, January 21, 1871, part of square 550 00 Charles H. Burgess, April 18, 1871, west half lot 3, square 174; interest to ................... to January 21, 1874 ....................... October 11, 1873 ................................. ..... ......... 300 00 William Vordray, January 24, 1871, lot 9, square 478; interest to July 21, 200 00 0. O. Howard, vice-president, H. D. Cooke, treasurer, April 18, 1871; ................................... 1873............. lots 34, and part lot 5, square 407, improved; Young Men's Christian Thomas Brown, February 3, 1871, part lot 13, square 214; interest to AuAssociation; interest to October12,1873,10,654 square feet of laud, im700 00 ........... gust 5, 1873......................................... proved.... ................................................. 3,300 00 Charles Dyson, February 6, 1871, oast 14 foot of lot 21, square 870, im500 00 Jacob D. Hutton, April 22, 1871, lot 8, square 467; interest to October 19, proved; interest to August 4, 1873................................. 1873......... ................................... ................... 2,650 00 Marshall Brown, February 7, 1871, part lot 2, square 300, improved; in600 00 Josephine Stewart, April 21, 1871, east part lot 5, square 992, improved; terest to August 4,1872.......................................... interest to October 21, 1873, balance.................................. 100 00 H. G. Treat, F•ebruary 8,1871, parts lots 19 and 20, square 250; interest to 1,000 00 H.N..Barlow, April 22, 1871, 15 shares $100 each, Potomao mills; interAugust 10, 1873........................................................ est to October 24, 1873.......................................... 1,700 00 JolhnN. Tooke, February 8,1871, lot T, square 464, improved; interest to 5,600 00 Caroline Kaiser, April 22, 1871, north half lot 14, lot 13, square 347, imFebruary 10, 1872 ..................................................... proved; interest to October 17,1873........... ................... 12,000 00 Jorome Brown, jr., February 10, 1871, lots 5, 6, 7, 8, 9, and 10, square 368, 2,500 00 R. V. Harrison, April 24, 1871, part lot 19, square 553, improved; interest improved; interest to August 8, 1873 ................................. to April 24,1873, balance ..................................... .. 565 00 W. D. C. Murdock, February 10, 1871, partlot 3, square 90, improved; no 1, 000 00 George H.Phillips, April 25,1871, lot2, square 117; interestto October25, payment interest.................................................... 1873........ .... ................................................. 150 00 Charles H. Ioldon, February 16, 1871, lots A, B, and C, Scovil's subdivision of lot 23, square 725, improved; interest to January 17,1872.... 6, 091 44 Walter Evans, April 25, 1871, part lot 12, square 877, improved; interest paid to October 24, 1873 .............................................. 1,750 00 Charles H. Holden, February 17, 1871, same property, (paid) ................... Joseph Casey, April 26, 1871, lots 519, 22, 23, 24, in Hull & Elvans's sub. ..... Charles H. Holden, February 17, 1871, same property, (paid) ............ 2,700 00 division of Meridian Hill; interest to October 21, 1873............. WV. P. Drew, February 18, 1871, indorsement of O.0. Howard; interest 400 00 Martha E. Borland, April 28, 1871, lot 51, square 511, improved; interest to April l, 1871...................................................... 500 00 to October 26, 1873, balance.......................................... John Waters, February 21, 1871, south half of lot 28, lot 29, square 69, im250 00 Hannah Kaiser, April 28,1871, lot 12, square 480; interest to October 28, ........................... proved; interest to ebruary 8,1872 .... 1873 ..................................................... 400 00 James W. Day, February 24, 1871, parts of lots 5 and 6,square 214; in100 00 E. T. Power, May 1, 1871, east part lot 11, square 819, improved; interest torest to February 24,1874 ......................................... 1,200 00 to November 1, 1873, balance........................................ Joseph Molntosh, February 28,1871, lots 50, 51, 52, 53, section 8, Barry farm, improved; interest to August 25, 1873 ......................... 265 00 Dennis Burns, May 2, 1871, part lot 1, square 4; lot 15, square 1; interest ..... 2,000 00 L. J. Bryant, March 3, 1871, lots 6il and 63, square 134; interest to Septo April 24, 1873:............................................... tember 3, 1873... ............................................... 400 00 U. H. Hutchins, May 2, 1871, tract of land called Fortune, Washington ................. 2,350 00 H. Harrod, March 6, 1871, lot 26, square 1001, improved; interest to County; interest to October 27, 1873............... March 0, 1873, balanco ................................................ 75 00 0. W. Havenner & Co., May 2, 1871, lots 31 and 32, square 571; no inter2,053 51 ...... .... est collected, balance.........-................... J. R. Baddy, March 8, 1871, lot 37, Barry farm; interest to September 8, 1873, balance.............. .................................... 30 00 Frank W. Pratt, trustee, May 3, 1871, lot L, square 313; interest to Octo4,500 00 .. ....... Harriot Lacy, March 11, 1871, part of lot 1, in square 71; interest to Sep. ber 28, 1873.............................. ............... tember 11 1873...... ........................................ 300 00 William J. Cooke, May 3,1871,lot 6,'square761, improved; interest paid to 4,500 00 ......................................... April29, 1872......... James H. iarris,March 13, 1871, Ialoigh, North Carolina, south half lot 21 andonelot adjoining, improved; interestto September 1,1873........ 1, 500 00 Robert A. Phillips, May 5, 1871, lots 12 and part of lot 14, square 439, im1, 000 00 proved; interest paid to November 3, 1873........................ Georgo Walker, March 14, 1871, part lot 6, square 525, improved; interest to September 11, 1873.................................. 500 00 Henson Davis, May 5, 1871, part lot 19, square 540, improved; interest to 00 00 ....................... April 22, 1871............................. John L. Ashley, March 20, 1871, oasthalf lot 3, squaro 174; interest to September 10,1873, balance....... .............................. 270 00 James Freeman, May 6,1871, lot 4, section 2, Barry farm; interest paid to 50 00 . ................ ................. Duelany heirs, March 21, 1871, lots 37 and 38, square 389, improved; inNovember 6,1873..._... terest to September 21, 1873..... ............................. 1,000 00 John Williams, May 6,1871, lots 3, 4, and 5, square 1085; interest paid to 250 00 John Holland, March 21,1871, parts lots 78 and 70, Mount PleasantPlains, May 5,1873........................................................ improved; interest to September 23, 1873........................... 800 00 George W. Goodall, May 8, 1871, lot 23 and part lot 30, square 327, and Thoinma Donoho,March 24,1871, lot 91, Mount Pleasant Plains, improved; part lot 6, square 492, improved; interest paid to November 6, 1873, bal.. .. 3,700 00 ............. interest to September 23, 1873............................................. 700 00 ance.................................... 27,1871, lots A and F, square 567, improved; interest John KRane, aMarch Samuel W. Jones, May 9, 1871, part lot.2, square 813; interest paid to No100 00 ...................... to January 16, 1874 ............... .................... .............................. 600 00 vember 4 1873, balanco. John Morril, March 27, 1871, lot 38, square 616;interest paid to SeptemWilliam Bavon, May 9, 1871, lot 1, square 529, improved; interest paid to . 2,800 00 ber 25,1873, balance.................................................. 70 00 May 4 1873................................................... Isaiah Stowart, March 28, 1871, part lot 7, square 332, improved; interest John B. eoith, May 12, 1871, lot 3, square 566, improved; interest paid to 250 00 -........ to Septomber 22, 1873.................................... .... .............. ......... 1,150 00 May 12, 1872......................... Tamues Dent, March 28, 1871, lot 34, and north half of lot 35, square69, imI. M. Johnson, May 12, 1871, south part lot 12, equare 403, improved; in22,000 00 ---.. -proved; interest to March 28,1870............................... 400 00 terest paid to May 9, 1873---...........--------------- APPENDIX TO THE CONGRESSIONAL RECORD. H. T. Taggart, G. B. Vaughan, trustees, May 13, 1871, lots 1, 2, 3, 4 and 5, square north of square334, improved; interest paid to Novomubor9, 1873. $1, 500 00 George Willis, May 13, 1871, lots 5 and 18, square 65, improved; interest 300 00 ..................... paii to November 4,1873 ..................... 500 00 John McDermot, May 13, 1871, lot 14, square 33, improved........-..... Mrs. Frances A. Johnson, May 17, 1871, lot 66, section 8, Barry farm, 180 00 ..................... balance 1873, 27, impnrovod; interest paid to April Emelino Sherriff, May 18, 1871, part lot 9, square 470, improved; interest 500 00 paid to November 16, 1873........................................... Joseph Williams, May 19, 1871, lot 67, Mount Pleasant Plains, improved; 1,500 00 interest paid to November11,1873................................... Mary A. Clements, May 20, 1871, lot V, square 492, improved; interest 900 00 ...naid toNovember 20, 1873 .-..............................Albert Gleason, May 20, 1871, lot 14, square 421, lot 15, square 364, im2,995 C .. proved; interest paid to November 20, 1873, balance.............. Addelino E. Lathrop, May 22, 1871, lot 33, square 395, improved; ,interest 600 00 ....... .......... .. id to May 5, 1873........--...--------.......---Sa'llio A. Ergood, May 24, 1871, lot A, square 336, improved; interest paid 640 00 to November 22, 1873, balance ......................................... C. C. Caruthors, May 24, 1871, lot 1, block 2, John A. Smith's farm, improved; interest paid to November 18,1873............................ 1,000 00 Luther E. Sleigh, May24, 1871, lots 14, 15, and part lot 1, section 1 Barry farm, improved; interest paid to November 25, 1873.................. 1, 000 00 William H. Pope, May 26, 1871, part lot 3, square 481, improved; interest 1,500 00 ..... .. paid to May 24, 1873.................................... William H. Powell, May 27, 1871, part lot 12, square 557, improved; inter960 00 ..... est paid to November 22, 1873, balance......................... C. W. Havenner, June 1,1871, part of square 90, improved; interest paid 200 00 ................................. -1, to May 31, 1872..............--.-.. C. H. Holden, June 1, 1871, part lot 5, square 763, improved; interestpaid 2,500 00 to December 1, 1871..................... ............................. Henry Moore, June 1, 1871, lot R, square 211, improved; interest paid to 3,000 00 December 1, 1873...................................................... John W. Van Hook, June 8, 1871, 9j acres in Uniontown, interest paid to 6,000 00 .................. November 13, 1871............................... ... John F. Lee, June 8, 1871, lot 59, Holmead's addition to Georgetown, im700 00 proved; interest paid to Juno 7, 1873.................................. Silas L LLoomis, June 8, 1871, lots C, D, E, F, S, and T, square 874, im6, 000 00 proved; interest paid to June 8, 1873.................................. Samuel Strong, June 10, 1871, part square 726, improved; interest paid 2,000 00 to December 10, 1872.................................................. Wallace St. C. Redman, June 14, 1871. lot 51, square 364, improved; in2,000 00 terest paid to December 14. 1873, balance .......................... Joseph Daniels, June 19, 1871, land called "June Last Shift," land called 8,000 00 "Barnaby," 200 acres in all; interest paid to December 17,1873....... Joseph Beasley, June 19, 1871, east half lot 2, square 459, improved; 7, 000 00 .................... interest paid to December 16, 1873............ Maria A. Lawler, June 20, 1871, parts lots 76, 77, Mount Pleasant, im800 00 proved; interest paid ti December 9, 1873............................. D. J. O'Connell, August 18, 1871, lot 25, square 338, lot 20, square 465, improved; no interest collected......................................... 4,600 00 Elzabeth Barrett, June 22, 1871, west part lot 20, square 728, improved; 1,500 00 interest paid to December 20, 1873...................................... Joseph H. Jackson, June 24, 1871, parts lots 34, 35, square 99, improved; interest paid to December 23, 1873.................................... 1,125 00 Susan K. Johnson, June 12, 1871, lot B, square 427; no interest collected; 280 00 balance..................-.......-........................ ............. Honry Himber, June 20, 1871, lots 16, 17, square 70, improved; interest 1, 600 00 ...................... ............ paid to December 30, 1872...... Margaret A. Giles, July 3,1871, lot 9, Holmead's addition to Georgetown, 450 00 improved; interest paid to December 29, 1873........................ Siblv Baker, July 6, 1871, part lot 23, square 1047, improved; interest 500 00 paid to January 5, 1874................................................ John W. Diggs, July 6, 1871, land in Holmead's addition to Georgetown 217 75 improved; interest paid to January 6, 1874, balance ................ Helen MB.B Upson, deed of trustnotes, improved property; interest paid 79 36 to December 29, 1873, balance....................................... Laura Barnard, July 7, 1871, deed of trust notes, interest paid to July 2, 556 36 1873, balance.......................................................... Saris Sewell, July 8, 1871, land in Holmead's addition to Georgetown, improved; interest paid to January 0, 1873............................. 500 00 H. MoIntyre, treasurer, July 8, 1871, part lot 2, square 556, improved; 500 00 interest paid to December 1, 1873..................................... James Plant, July 8, 1871, lot 4, square 968; interest paid to December 307 50 30, 1873, balance...................................................... Joseph A. Simms, July 12, 1871, lot 6, square 309, improved; interest paid . . 700 00 to July 12.1874, balance.................................... William Johnson, July 17, 1871, lot 40 and 41, square 180, improved; interest paid to July 13, 1873......................................... 1,500 00 William Johnson, July 17 1871, west half of lot 4, block 20, Howard University division of Effingham place, improved; interest paid to July 15,1873........................ .......... ............................. 200 00 E. W. W. Griffin, July 18, 1871, part of lot 12, square 373, (paid) ................. Barthol Oertley, July 19, 1871, land on Rock Creek, West street, Georgetown, improved; interest paid to January 6, 1874, balance............. 700 00 Ann C. Thomas, July 21, 1871, lot 15, square 58, interest paid to January 21, 1874, balance...................................................... 255 00 Frederick Strausberger, July25,1871, lot F, square903, improved; interest paid to July 24 18720-...-...... - -----................... -.... 3,500 00 3 Samuel Ford, July 27, 1871, lot C, square725, improved; interest paid to July 17,1873 ........... ........... .... .. 3,500 00 William P. Wood, July 28, 1871, lots 1, 3, 4, reservation D, improved; interest paid to July 27, 1873........... .............................. 5,000 00 Albert A. Ash, July 28,1871, part of lot 1, square 163, improved; interest paid to July 27, 1873, balance........ .................... 270 00 Juan Boyle, August 1, 1871, lot 3, square 634; interest paid to July 26, 1873 .................................................................. 2, 500 00 John J. Calvert, August 2, 1871, lots 29, 30, square 236, improved; interest paid to August 4, 1873, balance............ ......................... 439 60 Thomas J. Staly, August 2, 1871, lot 39, square 511, improved; interest paid to August1, 1873......... . .............................. 1,600 00 Lawrence A. Tuell, August 4,1871, lot 37, square 878, improved; interest 1,000 00 _ aid to August 1,1873 ............................................ W. A. Ballard, August 5, 1875, lot E, square 694, improved; interestpaid to December 16, 1873. ........ .............. ............... 2, 000 00 W. A. Ballard, August 5,1871, lot H, square 694, improved ; interest paid toJanuary 2,1374, (paid)................................................. George Mattingly, August 7, 1871, lot 4, south half lot 5, square 406, improved; interest paidto August 7, 1873............-----.. ..~.---... 15,000 00 William Babbington, August 8, 1871, 10 acres, called " Long Meadow;" interest paid to August 5, 1873... ........................ ......... 4,000 00 Sandy Bruce, jr., August 8, 1871, part lot 20, square 624, improved; interest paid to August 7, 1873.......................................... 350 00 279 C. H. Holden, August 10, 1871, part lots 12 and 13, square 734, improved; interest paid to August 8, 1873... ..................... ........... $1,500 00 Alfred Barry, August 10, 1871, part lot 13, square 819, improved; interest paid to August 10, 1873.............. 750 00 Joll Barry, August 17, 1871, part lot 5, square 512, improved; interest paid to August 21,1812................................... ....... 1,500 00 Eliza Tyrrell, August 17, 1871, part of lot 16, square, 620; interest paid to A ugust 12, 1873..................................................... 150 00 John B.S'tepbenson, August 17, 1871, property in Uniontown, improved; interest paid to November 11, 1873..................................... 1,000 00 Gurdon Snowden and others, August 18, 1871, whole of square 273; in. terest paid to January 20, 1874........ .. 5,000 00. Stutford & King, August 19, 1871, part of lot 16, square 551, improved; interest paid to August 17, 1873, balance-....-.. ......... ........... 6600 00 Thomas L. Berry, August 18,1871, part of lot 15, square 70; interest paid to February 4, 1873, balance .......................................... 81 55 Ralph Taylor, August 21, 1871, lot 23, square 163, improved; interest paid to August 18, 1873..................................................... 200 00 J. '1'. I. Hall, August 21, 1871, two acres, northwest of intersection of WVashingtonand ocekville turnpike; Hock Creek church bonds; interest paid to August 21, 1873............................................ 1,500 00 Henry Wells, August -2, 1871, lot 6, square 599, and part of lot 4, square 593; interest paid to February 15, 1873 ............................... 500 00 Benjamin F. Jacobs, August 22, 1871, lot K, square 620, improved; interest paid to August 17, 1873..... ...................................... 400 00 Jeremiah Sweeney, August 24, 1871, lot 39, section 3, Barry farm; inter60 00 est paid to August 24, 1873...... ..................................... William H. Hunter, August 21. 1871, part of lots 19 and 20, square 582, improved; interest paid to February 24, 1874 .......................... 600 00 William R. Arnold, August 24, 1871, lot 1, section 1, Barry farm, im550 00 proved; interest paid to August 24, 1873............................... Alexander Stewart. August 26,1871, lot 9, section 1, Barry farm; interest 83 00 paid to August 26, 1873; alance....................................... Ann E. Boyle and others, August 24, 1871, part of lots 19 andO2, square 79, improved; interest paid to July 27,1873............................ (i,687 50 Walford & Shilberg, August 30, 1871, lot 37, square 435, improved; interest paid to August 30, 1873.........................................-... 4, 000 00 Hugh McGinnis, Septemberi, 1871, part of lot 3, square 449l,inproved; in4,500 00 ...... terest paid to Septemberl, 1873 ................................ Joseph Brooks, September 13, 1871, part of lot 4, section 1, Barry farm ; 250 00 interest paid to September 16, 1873..................................... Mary A. Grady, guardiun, September 13, 1871, part of lot 3, square 580, 350 00 improved; interest paid to September 12, 1872......................... Daniel Sheehan, September 15, 1871, part of lot 4, square 784, improved; 600 00 interest paid to September 6, 1872...................................... Samuel Grilliu, September20,1871, part of lot 17, squaro309, improved; in207 75 terest paid toSeptember 19, 1873, balance............................... Daniel Malone, September 20, 1871, lot 4, square 773; interest paid to 300 00 September 18, 1873 .................................................... B. Milburn, September 23, 1871, part of lot 14, square D; lot 15, square 530, improved; interest paid to September 16,1873, balanco........... 3, 000 00 Littleton W. Curtis, September 29, 1871, part of lot 13, square 620; in500 00 terest paid to September29, 1873 ...................................... William Becket, Septomber 30, 1871, lot 12, square 183; interest paid to 500 00 September 27, 1872 ................................................. Leonidas Scott, October 4, 1871, part of lot 24, square 728, improved; in1, 000 00 ..... ........- ....... terest paid to October 4, 1872.............. Hiram F. Trimble, October 4, 1871, lot 34, square 140; interest paid to 1,200 00 October 3, 1873 .................................................... Helen M. B. Upson, October 4, 1871, note secured by deed of trust, 1,200 00 balance ............................................................... Samuel Scott, October 9, 1871, lot 8, square 132; interest paid to October 90 00 ....... ...... ...... . 9, 1873, balance ......................... Benjamin F. Gilbert, October 9, 1871, lots 8, 9,10, 12,13, 14, and 15, square 778, improved; interest paid to January 9, 1874, balance.............. 3, 200 90 W. B. Shaw, October 11,1871; lot 56, Carpenter's subdivision of grounds 500 00 Columbian College, improved; interest paid to October 14,1873, balance. Laura Barnard, October 4, 1871, notes secured by deed of trust.......... 1, 400 00 Charity A. Marshall, October 14. 1871, parts lots 12 and 13, square 818; 100 00 ................. interest paid to August 12, 1873, balance .......... William Williams, October 14,1871, lot B, square 725 improved; interest .... 3,500 00 -....... ... paid to October 10. 1873........................... Francis F. Lee, October 16, 1871, parts lots 183 and 185, Boale's addition 3, 650 00 to Georgetown, improved ; interest paid to April 12,1873 ............. Wm. G. Finney, October 17, 1871, lifeinsurance policy, $2,000, in Now England Mutual; interest paid to February 24, 1872 ....................... Henry Matthews, October 19, 1871, lot 3, section 5, Barry farm; interest 100 00 paid to October 16, 1873........................... .................. Elizabeth Preuss, October 19,1871, deeds of trust; interest paid to 300 00 . April 18,1873...................... ............................. Caroline Kaiser, October 25, 1871, north half lot 14, square 347, im400 00 proved; interest paid to October25, 1873............................ John F. King, October 27, 1871, part lot F, square 559; interest paid to 225 00 ... April 14, 1873................... ................................ John Straiinng, October 31, 1871, part lot 7, square 403; interest paid to 1,200 00 .. .. ................... October 31, 1873................ .. Fifteenth-streetPresbyterian church, November 4, 1871, lot 9, square 218, improved; interest paid to October 31, 1873........................... 10, 000 00 Nelson Barry. November 8, 1871, lot 2, section 1, Barry farm; interest 100 00 paid to November 7, 1873............................................. John C. Wright, November 11, 1871, part square 309, improved; interest 250 00 paid to October 28,1873, balance ...................................... Henry Hopp, November 18, 1871, deed of trust; interest paid to February, .. ....... ...- ..............23, 1873...................................... Philp & Solomon, November 18 1871, block 13, and lots 1, 2, 3, 4, 5, 6, 12, 13, 14, 15, and 16, in block 21, Meridlan Hill; interestpaid to November .. 6,00000 21, 1873 .......................................................... ...... A. . . Voss, November 22, 1871, notes on deed of trust ................. 366, 66, square 1872, lot 11, October paid 25, 1871, Nqvember O. Bowie, F. ---- ...... improved; interest paid to May 16,1872.............--.---------Joln W. Wright, December 2, 1871, part of lot 7, square 315; interest 4,500 00 paid to June 1, 1873....- .........-..-.........---------.-- -----------F. C. Stringer, December 2, 1871, deed of trust note; paid January 5, ---.---........ --------...............-. 1874. .................Washington Club, J. G. Barrett, president, December 2, 1871, on clubhouse, New York avenue, between Fourteenth and Fifteenth streets, 28,500 00 insured; interest paid to June 1, 1873................................. Henry Harper, December 13, 1871, lot 36, section 3, Barry farmi; interest 60 00 .......................... ......... balance 1873, 13, December to paid William Chunning, December 13, 1871, lot 9, section 3, Barry farm; inter50 00 est paid to June 13, 1873.....................................r....... Adeline Thomas, December 14, 1871, southwest half of lot 40, Pleasant 100 00 Plains; interest paid to December 1.4,1873 ............................ 280 APPENDIX TO THE CONGRESSIONAL RECORD. John Barton, February 21,1872, lot 34, square 336; interestpaid to August Charles Butler, Decemlber 14, 1871, lot 30, section 31, Barry farm; interest 8, 1873 ............................ .............................. $100 00 ... $175 00 paidto I)ecember 13, 1873 ............................................. Robert Johnson, February 23, 1872, lot 13, square 336; interest paid to Ann E. Boyle annd others, December 14, 1871, parts of lots 19 and 20, AdFgust 21,1873................. .650 6,000 00 00 square 79,improved ; interest paid to July 27, 1872 ................... Thomas J. Staloy, February 24, 1872, lot 39, square 511; interest paid to Peter Williiamnson, Decomber21,1871, lot3 and parts of lots I and 2, section August 24, 1873, balance ............----............--.................... 200 00 640 00 7, Ilarryfann, Improvel; Intercst paid to )ecember 20,1873............ W. Wall, February 27, 1872, west parts of lots 3 and 9, squaro 379, imGeoro Lee Deeeocomer22, 1871, partof lot37, square 209, improved; interest proved; interest paid to August 26, 1873............................... 10, 000 0 70 00 ......... ......... ......... .. to ocomlaer 22,1873 ........ John S. Brown, February 27, 1872, south half of lots 4 and 5, Pleasant Margaret Illtzoll, Decoember29, 1871, lots 1, 2,3, 4, and 5, square 630; interPlains, improved; interest paid to August 23, 1873................... 2, 000 00 3,000 00 -. 28, 1872...................................est paid to June Leonidas Scott, February 28, 1872, lot 7, and south half of lot 8, square Collins Cnruor,Janunry 2. 1872, partof lot 121, Beoalo's addition to George759; interest paid to August 27,1873................................... 1,000 00 300 00 town ; Interest paid to Docnmbor 21, 1873............................... George W. Smith, February 25, 1872, east part of lot 6, square 717, imJ. Edgar Lug, January 3, 1872, lots 56, 57, 58, 59, 60, 61, and 62, square 1,000 00 3,000 00 proved; interest paid to August 28, 1873 ............................... :11l; Interest paid to January 8, 1873.............................-....---. imEdmund 624, B. Coolidge, February 29, 1872, lot 4, apd parts of lots 2, 3, and 9, square and 20, lots 19 of 1872, parts 3, January Bruce, Alexander 5 00 square 325; interest paid to August 20, 1873........................ proved; interest paid to January 2, 1874,balanco ...................... 1, 400 00 Robert Lewis, March 1, 1872, lot 30, section 2, Barry farm; interest paid JBurrell Nixon, January 4, 4 1872, part of lot 20, square 110, improved; inter. to September 1, 1873 ......... 840 00 ........................... est paid to December2 ,1873, balancco................................ 100 00 Simon J. Groot, March 3,1872, lot 23, square 373, improved; interest paid Louisa Waimhington, January 5, 1872, part of lot 23, square 126, Im3,000 00 to September 2, 1873 ................................................... 244 50 proved; Interest paid to JanuaryS, 1874, balance...................... James T. Pike, March 6, 1872, part of lots 7 and 8, square 724, improved; Joln It. Ergood, January 12, 1872, lot 21, square 335; interest paid to July interest paid to September 2, 1872................................... 325 00 .. ..--. ....................... . ,11, 1873 .......... 5, 000 00 James T. Pike, March 6,1872, part of lot 8, square 724, improved; interest Randolph Lobrigor, January 13,1872, part of lot 3, square791, improved i; paid to March 2, 1873............................................... 3,000 00 interest paid to July 12, 1872 ..........................-............... 4,000 00 James Reynolds, March 7, 1872, part of lot 2, square 477; interest paid to A. Woodward, ,Jr., Januiary 15, 1872, part of lots 11 and 12, square 743, Soptember 7, 1872..................................................... 00 5,000 00 100 ........................ Improvedi; Interest paid to Novonmber 14, 187:; R. S. Parks, March 11, 1872, lot 19, square 623; interest paid to September Samuel G. Iluºteor January 16, 1872, lot 80 and part of lot 81, square 132; 6 1873 .............................................................. . ... interest paidl to ,July15, 1872, (paid) .................................. 1, 800 00 J. L. Kernand, March 12, 1872, lot 17, and part of lot 16, square 86; inCharles Sypliax, January 16, 1872, part of lot 56, square 196; interest terest paid to March 10, 1873......................................... 200 00 paid to JIlv 15, 1873.............................................................. 1,100 00 Mary Nolan, March 12, 1872, part of lot 6, square 945, improved; interest Jomn Weobb, JZanuary 16, 1872, lot 20, square 471; interest paid to July 4, paid to September11, 1873................ 150 00 ............. 1873.................................. ......................... 700 00 James Carter, March 13, 1872, lot 55, square 465, improved; interest paid C. P. Culver, guardian, January 18, 1872, part of lot 5, square 352; inter. to September 13, 1873, balance ......................................... 50 00 600 00 est paid to July 14, 1874........................................... Louisa Washington, March 15, 1872, part of lot 23, square. 126, improved; Ilager lRandall, January 18, 1872, part of lot 7, square 419, improved; ininterest paid to September 15, 1873..................................... 250 00 terest paid to October 31, 1873 ........................................ 250 00 John Thomas Leo, March 15, 1872, lot C, Bealo's addition, to George. Edmlundl Height, January 19, 1872, lot 13, section 2, Barry farm; inter. town ; also part of lot 5, square 324, improved; interest paid to Septem. 38 00 est paid to January 19, 1874, balanco.................................. bor 12, 1873 ............... ................................... James T. Pike, January 19, 1872, lot 25, squaro 312, improved; interest 2,000 00 pailto July 20, 1873................................................... 3,500 00 Eliza B. Ingle, March 15, 1872, lots 14 and 15, part of tract called Granby, improved; no interest collected .................................... W. II. Tucker and Charles R. Sherman, Jannrr;ry 20, 1872, lot F, square 600 00 694, nmproved ; Interest paid to January 19, '873....................... 1,950 00 W. Robinson, March 16, 1872, part of lot 31, square 556, interest paid to September 15, 1873, balance............................................. Sarahn A. Lander, January 19, 1872, lot 2, sqnuaro north of square 242, im715 00 Richard L. Berry, 1,300 00 March 16, 1872, lot 1, section 2, Barry farm, improved; proved; interest paid to Jan;;ary 18, 1874-.............................. interest paid to September 16, 1873................................... Juan A. 'lizzinl, January 22, 1872, lots 7 and 8, in a tract called Greovalo; 200 00 2,500 00 Wesley Fry March 18, 1872, lot 27, section 8, Barry farm, improved; in. interest paid to September 1,1873 ...................................... terest paid to September 18, 1873...................................... Juan "W. I unter and others, January 22, 1872, lot 11 and part of lot 12, 150 00 14,000 00 Thomas Lowe, Marclh 18,1872, part of lot 4, square 752, improved ; interest square 118, improved ; interest paid to January 18, 1874............... paid to September 9, 1873 ............................................. Wiflliam Rutilerford, January 22, 1872, part of lot 9, squaro 290; interest 550 03 1,000 00 Georgo Savage, March 19, 1872, lot 85, square 623, improved; interest paid paid ) to January 13, 1874............................................... to oSeptembr 6, 1873................................................... 4,000 00 Willihuam E. Brooks, January 23,1872, part of lot 2, square 525, improved; 123 00 Caroline A. Sherman, March 20, 1872, lot 20; square 79, improved; no in. Interest paid to July 23, 1873, balance ................................ terest paid......................................................... 0. Alfred Ilall, January 24, 1872, lots 30, 31, 32,33, 34, 35,36, square 97; 3,500 00 interest paid to January 21, 1874 ....................................... 1, 425 75 D. C. Forney, March 21, 1872, lot 92, square 375; interest paid to Soptember20, 1873 ............................................................ William If. Wheeler, January 27,1872, parts lots 11 and 12, square 199, im1,00 00 proved ; interest paid to January 26, 1874, balance ..................... 400 00 Addison Smith, March 21 1872, lot 25, section 7, Barry farm; interest paid George W. Duvall, January 31, 1872, part tract of landl called "Chichesto September 21, 1873, balance ....................................... 57 25 ter, WasWhiugton Coºuty, improved; interest paid to July 1, 1873..... 9,140 12 H. J. Williams, March 22, 1872, lot 8, square 209; interest paid to Septom. Charles 1V.Kill, January 31. 1872. lots 15, 16,uand17, square 971, improved ; oer22, 1873, balanc.................................................. . 5, 0 interest paid to January 30, 1873 .................................. 2, 400 00 Cntharino Folk, March 23, 1872, loton square 275, improved; interest paid iunes II. I'ayn;o, January 31, 1872, lot 36,squnar 158, improved ;interest to September 7, 1873 ......... .................................... 350 00 paid to Janiuary 24, 1874............................................... 585 00 MariyAnn Davis, March 25, 1872, wcstpart of lot22, square 514, improved; James S. Lonsby, February 1, 1872, square northl of square 697; interest interest paid to September 16, 1873 ................................... 1,200 00 puil to January 31i 1874....... ................................ 3,000 00 HaInson BIrooks, March 28, 1872, partlot21, square 538, improved; interest W. W. PIunplhrey, FIbruary 10, 1872, part square 366, improved; inter. paid to September 25, 1873, balance ................................... 443 75 est paid to July 24, 1873 ..................................... ::......... 3,000 00 William Obold, March 29, 1872, lots G and J, square 916, improved; inIV. It. Murphiy, February 2, 1873, part lot 32, PleasantPlains, improved; terest paid to September 28, 1873...................................... 410 00 interest paid to July 27, 1873.......................................... 1,756 00 Amauda B. French, April 4, 1872, lot 6, square 182, improved............ 600 00 James Carter, February 2, 1872, part lot 9, square 81; interest paid to W. B. McPherson, March 30,1872, lots 14 and 15, square 65; interest paid August 4, 1873....... ................................................ 269 00 to September 30, 1873, balanc ......................................... 75 00 William J. Crooko, February 3, 1872, part tract land called "Rawlings Jatno Scott, April 1, 1872, lot 21, square 616; interest paid to Soptember 28, Reost," Montgomery County, Maryland, 56 acres; interest paid toJuly 1873 ................... ...... ............................... 250 00 22, 1873............................................................... 2,700 00 Thomas Lewis, April 1,1872, part of lot 16, square 374, improved; interest Perry Goodiln, February 5, 1872, part lot 19, square 197; interest paid to paid to September 1, 1873 ............................................ 10,000 00 August 5, 1873, balance ................................................ 80 00 Benjamin Sunning, April 3, 1872, partof lot 3, in a tract of land known as James W. Terrell, February 6, 1872, part of lot 2, square 317; interest Padworth; interest paid to October 5, 1873............................' 3,000 00 paid to August 1, 1873............................................... 500 00 Samuel G. Jones, April 4, 1872, lot 60, section 8, Barry farm; intorestpaid Juan Boyle. February 6,1872, 38 acres in Montgomery County, Maryland, part of lawlings Rest;no interest collected .................................. Francis F. Brown, April 5,1872, lot 7, square 319, improved.............. 100 00 Juan Boylo, February 6, 1872, lot 6, square 761; interest paid to August Lowis M. Smith, April 6, 1872, lot 69, square 180, improved; interest paid 1. 187 ........ ................... ................................... to October 3, 1873....................................... ..... 1,060 00 Charles Leuman, jr., Fobruary 6, 1872, lot M, square 446; interest paid to Lafayette Jeffries, April 6, 1872, parts of lots 20 and 21, square 569, imAugust 1, 1873 ........................................................ 2,0000 proved; interest paid to April 6, 1873.................................. 600 00 Emma Jolnson, February 7, 1872, lot 35, square 140; interest paid to AuAnn Cook, April 8,1872, lot 14, square 198; interest paid to October 8, gust 7, 1873, balance ............. ... ............................. 65 00 1873 ................ ............................... ...... 300 00 Ellen Levl, February 7, 1872, lot 1, square 265, interest paid to August 0, Jane S. Douglass, April 9,1872, lot 3, square 567; interestpaid to October 1873...........................--.......................... -200 00 8, 1873............... ........................................ 300 00 Timothy O'Sullivan, February 8, 1872, part of lot 43, squaifc 448, imRobort A. Phillips, April 11, 1872, lots 12 and 5; partlot 14, square 4391 proved; Interest paid to February 1,1873..-........................... 350 00 interest paid to October 10, 1873 ....................................... 900 00 Jane E. Wellch, February 9, 1872, lots 1 and 2, square 1000; interest paid Walter Evans, April 11, 1872, lot 12, square 877, improved; interest paid to July 23, 1873, balance............................................... 96 97 to October 2, 1873.............. ....................................... 1,750 00 F. W. Osborn, February 10, 1872, 93 acres, Escambina County, -Florida, James Gleason, April 12, 1872, lot 2, square 616, improved; interest paid known as Oakilcld, improved; interest paid to February 6, 1873 ...... 2,500 00 to October 9, 1873, balanc ............................................. 350 00 Edward E. Thomas, February 10,1872, east part of lot 20, square 77; iuLewis Marshall, April 12, 1872, part of square 12, Georgetown; interest terest paid to February 9, 1873 .................................... ......... 2,000 00 630 00 paid to Octobor 12, 1873.............................. William A. Wells. February 10, 1872, lot 14, square 823; interest paid to Peter Fanner, April 18, 1872, lot 17, section 6; interest paid to April 18, Ault 10, 1873,'balance .............................................. 165 40 1873................................................................... 150 00 J. C. Sims and J. T. H. Hall, February 10, 1872, lots 162 and 163, square. Harvey V. Catlin, April 20, 1872, lot 30, square .623, improved; interest 365, improved; interest paid to August 8, 1873............ ........ 2,405 00 paid to April 20, 1873.................................................. 3,000 00 Willis Hlorndon, February13,1872, cast part of lot 4, square 154; interest Isaac J. PIrindoll, April 22, 1872, lot 10, section 2, Barry farm; interest paid to January 16, 1874, balance..... ................................. 90 00 100 00 paid to April 22, 1873 .................................................. William Alexander, February 15,1872, north half of lot 5, section 1, Barry Sarah C. Follanzbeo, April 23,1872, lot 42, and part lot 44, square 571, imfamn;; interest paid to July 3,1873, balance............................ 53 75 proved.; interest paid to October 20, 1873 .............................. 1,375 00 William U. Leoo,Feobruary 15,1872, lot B in Boalo's addition to George. Otto Korsuch, April 23, 1872, part of lot 11, square 377, improved; inter. town, improved; interest paid to Octobeor 21, 1873..................1,000 00 3,100 00 est paid to April 23, 1873.............................................. Noah ltobinson, February 17, 1872, lot 25,square 309; interest paid to James H. A. Sohurremanu, April17,1872; part lot 24, square 728, improved; February 15,1873...................................................... 500 00 interest paid to Octqober 24, 1872....................................... 1,400 00 Irwin B. Wright, February 17, 1872, south half of lot 3, square 429, interW. R. Arnold, April 29, 1872, lot 6, section 9, Barry farm; interest paid est paid to February 14, 1873........................................... 5000 00 065 00 to October27, 1873, balance............................................ Elizaboth Mead, Fobruary 17, 1872, lots 1, 33, and 34, square 468, improved; Ephraim Burnett, April 27, 1872, lot 24, section 9, Barry farm; interest no interest collected ................................................... 721 00 2,20000 paid to October 27, 1873, balance ....................................... Timothy Costollo, Febrnary 1872, West Sixteenth street, part of lot 14, James H. A. Schuroman, April 17, 1872, part lot 24, square 728, improved; square 624, improved; interest paid to August 19, 1873................. 1,000 00 200 OC interest paid to April 24,1873............................;............. APPENDIX TO THE CONGRESSIONAL RECORD.., _ __ 281 Augustus Jordan, July 13, 1872, lot 160, square 623, improved; interest Nashville Branch Colored Agricultural and Mechanical Association, paid to December 25,1873.............................................. $4,200 00 March 2, 1872, seven acres in Davidson County, Tennessee, improved; $4,000 00 Anderson Richardson, July 13,1872, lot 27, section 9, Barry farm; interest interest paid to Augst 3, 1873 ..................................... 70 75 paid to December 5 1873. balance...................................... paid interest improved; 016, Jane Soott April 30, 1872, partlot 21, square Gorham P. Hopkins uly 16, 1872, part lot2, square 315, improved; Inter........ to October 26, 1873, balance ............................ est paid to Decmber 13, 1873, banc................................. 3,000 00 to paid interest improved; 816, 2, square lot 1872, Richard Collin, May 1, 700 00 Douglass Institute, Baltimore Maryland, July 17, 1872, property on Lox. ...................... November 1,1873 ... ington and Gay streets. Baltimore; interest paid to January 12, 1874.. 10, 000 00 Ella Piatt, May 4,1872, lot A, square 169, improved; interestpaid to Octo000 00 PoterLowery, July 17,1872, two lote in Davidson Comity and thre parcels "-....-. -....... ................ berl 1873........--in Rutherford County, Tennessee; intereit paid to November 7, 1873.. 3,000 00 May 4, 1872, lot 7, square 582; interest paid to November 3, John 700 00 John Skinning, July 17 1872, lot 35, square 989, improved; interest paid ................................................. 1873........ to January 17,1874, balance......................................... 480 00 paid interest Justin Granby, May 3, 1872, lot 19,section 6, Barry farm; 00 Walter Evans, July 18,1872, part of lot 10, square 867, improved; interest 1.................. 100 ................. to November 3,1872 paid to January 3,1874....... .................................... 2,500 00 October to paid interest 791; square 3, lot part 1872, 3, May C. A. Lomore, 1,200 00 George Martin, July 18, 1872, part of lot 6, square 525; interest paid to ........................................... 29,1873.......... January 12, 1874, balance.............................................. 600 00 John Straining, May 9, 187, part lot 7, square 403; interest paid to No500 00' Eliza S. VanWyck, July 18, 1872, lot A, square 127, lot 17, square 165, imvember 7,1873........----------------........................................... proved; interest paid to January 3, 1874, balance..................... 8,709 00 Thomas Commodore, May 16, 1872, lot 16, section 1, Barry farm; interest 100 00 Thomas Bang, July 19, 1872, lot 93, Mount Pleasant, improved; interest naid to November 10, 1873...........................:............. paid to July 18,1873....................... ............... 1,250 00 Michael McCormick, May 17, 1872, west half of lot 3, square 870, ima. 4, 000 00 John G. Waters, July 19, 1872, lot 23, square 620, improved; interest paid proved; interest paid to November 16, 1873 ........................... to January 18, 1874..................................... ............ 4,000 00 interest improved; 117, 28, square lot of part 1872, Jonn Burns, May 18, 300 00 Clarence Compton, July 19, 1872, lot 14, section 9, Barry farm; interest paid to November 17, 1872........ .................................. 100 00 paid to July 9, 1873.................................................... H. H. McPherson, May 20, 1872, lot F, square 427; interest paid to April 225 00 Stephen Glasscoo, July 20, 1872, property on McEldery street, near Gist 29, 1873, balance ............................................... 400 00 street, Baltimore; interest paid to February 24, 1873.................. E. C. Weaver, May 25, 1872, lot 6, square 333; interest paid to November 142 00 John James, July 22, 1872, lot 24, section 8, Barry farm; interest paid to . --............................. -....... .. 1, 1873.........----................ ... ..... 1000 July 20, 1873...... ............ Samuel R. Bond, May 20, 1872, part of square 366; interest paid to May 1,300 00 John T. McAnaloy, July 22, 1872, lots 1 and 2, square 716, improved; in. 18, 1873, balance..................................................... torost paid to January 18, 1874, balance.... ......................... 500 00 improved; 106, square lot 18, half of James L. Thomas, May 20,1872, west 450 00 1,300 00 Ben M. Plumb June 22, 1872, lot 15, square 870; no interestpaid......... interest paid to October 15, 1873.................................... George Page, July 23, 1872, west part lot 4, square 158; interest paid to William 0 Donnol, May 2, 1872, east half of lots 11 and 12, square 563, 120 00 January 23, 1874, balance................................. improved; interest paid to November 18, 1873, balance................. 1, 500 00 Mary C. Young, July 24, 1872, lota 36, 37, 38, 39, and 40, section 8, Barry John Seiler. May 25, 1872,'Iota 17 and 18, block 16, Howard University farm, improved; no interest paid..................................... 5,000 00 500 00 division of Barry farm; interest paid to November 25, 1873............ Rolert S. Kearnoy, July 24, 1872, forty acros in Arlington County, VirWilliam Holmead, May 25, 1872, lot 1, in Pleasant Plains; interest paid ginia; interest paid to January22, 1874................................ 1, 800 00 1,600 00 .......................... to November 2, 1873, balance ........ John Wilkes, July 24, 1872, lot "28,29, 30,31, 3, 33, 34,35, 36, 37, and 38, in John H. McCutehen, May 25,1872, lot 37, Plredkelar's addition to Georgesquare 634; interest paid to March 16, 1873 ........... ........... 10,000 00 750 00 town; interest paid to November 25, 1873 ........................... John Bacho, July 26,1872, north quarter of lot 40, Mount Pleasaut Plains; W. M. Pumphroy, May 25, 1872; part of lots 30, 31, and 32, square 366; 300 00 interest paid to January 24, 1874 .................................... 2,353 47 interest paid to March 23, 1873, balance................................ George H. Williams, July 26, 1872, block 2, Meridian Hill; interest paid. Walter Stewart, May 28, 1873, part of lot 16, square 15, improved; inter15,000 00 January 26, 1872.................................................. to 750 00 ..................................... 28, 1873 est paid to November Thornton Taylor, July 26, 1872, part of lot 30, square 140, improved; inL. F.Randolph, May 31, 1872, part of lot 13, square 307, improved; deed 530 00 terest paid to January 26, 1874; balance........................... 175 00 ....................................... trust notes, balance....... W. W. Vaungu, July 29, 1872, lot6, square 836; deed trust note ; balance 176 00 II. H. Parmentor, May 31, 1872, parts of lots 12 and 13, square 307, im125 00 Mary Ann Coylo and others, July 30, 1872, west half of lot 4, square 348, .................... proved; deed trust notes, balance............. improved; interest paid to January 26, 1874.......................... 25,000 90 interest improved; 180, 78, square lot 1, 1872, Sharrington Bacho, June . 1,500 00 Evan Lyons, July 31, 1873, sixty-live acres near Boundary street, portions paid to May 31, 1873......................................... of four tracts, called Pretty Prospect, Itock of Dumbarton, lealo's lot, Elizabeth Blue, June 4, 1872, lot 5, section 3, Barry farm; interest paid and Widow's Mite, now known as "Lyons mill-seat," improved; no in100 00 ................................ to May 27,1873... terest paid........ ............................ ... 37,952 50 Joseph 'aber Johnson, June 6, 1873, partof lot 12, square 372, improved; 3,550 00 Edward Gallini, July 31, 1872, lot 20, section 7, Barry farm; interest paid interest paid to December 5, 1873.... ............................. 75 00 to May 30, 1874, balance............................................ Richard Jones, June 6 1872, lot 31, section 8, Barry farm; interest to 65 00 Thomas Barton, August 5, 1872, lot 29, section 2, Barry farm; interest November 24,1873, balance......................................... 175 00 paid to May 27,1873................................................ Masy Costello, Juno6, 1872, part of lot 19, square 564, improved; interest 400 00 Elizabeth A. Smith, August 5, 1872, lot 9, section 8, Barry farm ; interest paid to December 1, 1873................................... 100 00 paid to August 16, 1873........................................... B. M. Barker, June 7, 1872, six and a half acres near Brightwood, im2, 85 80 J.V. W. Vandenburgh, August 6, 1872, lot 16, square 732; interest paid to proved; interest paid to December 1, 1873........................... .................... ................. 5,000 00 August 2, 1873................ John F. Stewart, June 7,1872, lot 79, section 8, Barry farm; interest paid 50 00 Edwin King, August 8, 1872, lot 2, block 7, Meridian Hill; interest paid ............. ...... to December 7, 1873, balance............. ....... to August 7, 1873................................................... W. 0. Dennison and T. N. Whitney, Juno 8, 1872, lot 30, Metropolis View; 761 91 George F. Adams, August 9, 1872, part of square 583, improved; interest interest paid to December 8, 1873, balance......................... paid to August 7, 1873 ............................................... 500 00 Alice A. M. Plant, Jun 8, 1872, part of lot 5, square 378, improved; in600 00 Henry .' Lacy, August 12, 1872, lot 33 and part of lot 15, square 197, im terest paid to December 7, 1873....................................... 500 00 proved; interest paid to August 12,1873............................... William and Albert Barnes, June 10, 1872, lot 32, square 867; improved, 685 00 B. Mackall, August 12, 1872, lot 7, square 252, Improved; interest paid ...... balanc ................................................ 5,000 00 to August 10, 1873...................................................... ....................... Phoebo W. Ross; June 10, 1872, (paid)............ Daniel Genau, August 12,1872, lot B, square 578, also lot 371, MountPleasStephen Hartbricht, June 12, 1872, part of lot 12, square 449; interest 571 74 700 00 ant; interest paid to November 5, 1873, balance........................ paid toDecember 7,1873, balance.................................. Henry H. Tilghman, August 13, 1872, part of lot 9, square 401; improved, C. C. Nelson, June 14, 1873, lot 18, square 366; interest paid to November 00 00 interest paid to December 10, 1873................................. . 2,00000 15, 1873 .......................................... James Webster and others, August 13, 1872, Odd-fellows' Hall, AlexanW. W. Goddard, June 14, 1872, part of lot 20, square 157, improved; in. 1,000 00 dria, Virginia, improved; interest paid to August 8, 1873.............. 1,200 00 terest paid to December 10, 1873 ...................................... Nathaniel S. Wright, August 16, 1872, four acres in Alexandria, Virginia, Allen C. Beaman, June 14, 1872, east half of lot 10, square 876, improved; 1,500 00 improved; interest paid to August 14, 1873............................ interest paid to December 11, 1873 .............................. 2, 500 00 Bernard Waters, June 14 1872, east part of lot 19, square 870, improved; Robert A. Phillips, August 17, 1872, part of lot 9, square 497, improved; 1,000 00 interest paid to December 14, 1873, balance........................... 200 00 interest paid to August 15, 1873..................................... William Hewlett, August 20, 1872, lot 171, Mount Pleasant; no interest John W. Moyer, June 15, 1872, part of lot 7, square 516; interest paid to 300 00 ........................................ paid...................... December 15, 1873............................................... 450 00 Thornton Hodge, August 22. 1872, lot 23, block 18, Howard University; James H. Magraudy, Juno 19,1872, lot 59, square 182, improved; interest 280 00 paid to December 18, 1871.... interest paid to August 20, 1873................................... .............................. 500 00 Joln Vandenburgh, Juno 26,1872, lot 1, square 123; interest paid to De. J. B. Osgood, August 23, 1872, parts of lots 13 and 14, squaro 762; inter, 000 00 cembor 24,1873................................................ ....... 6,000 00 est paid to February 23, 1873.......................................... Margaret Frithian, June 28, 1872, part of tract called "Forest," Prince Ralph H. Darby August 23, 1872, lots 717 and 333 inclusive, in Union2,000 00 George's County, Maryland, improved; interest paid to December 25, town, improved; interest paid to August 23, 1873.................... 1873...... ................................................. 1,500 00 Alonzo J. Dunning, August23, 1872, forty.six acres, Fairfax County, VirThompson B. Caldwell, June 26, 1872 lot 20, square 208; part of lot 2, ...... 2,000 00 ginia, improved; interest paid to August 22,1873............. square 959, improved; interest paid to December 21, 1873, balance .... 920 00 John Bacho, August 26, 1872, part of lot 40, Mount Pleasant; interest . 15 00 Charles H. Fischbaugh, June 28, 1872, east part of lots 1 and 31, square paid to August 22, 1873, balance....... ..................... 358; interest paid to December28, 1873................................ 800 00 B. F. Englin, August 2, 1872, part of lot 110, Bealo's additionto George150 00 Smith Tuyman, June 22,1872, part of lot 1, square 8; interest paid to town; interest paid to August 22, 1873................................ Jun 27, 1873, balance ............................................. 21 50 John Johnson, of Bryant, August 27, 1872, lot 7,. square 516; interest 1,000 00 ....... Susan Collins, June 29, 1872, west half of lot 28,square 878; interest paid paid to November 15, 1873............................ to December 29, 1872... ......................................... 500 00 William Muirhead, August 23, 1872, lots 35 and 36, square 740; interest 1,500 00 Robert Gilmer, June 2, 1872, easthalf lot 42, square 24; interest paid to paid to August 22, 1873................................................ October 24, 1873; balance ............................................ 62 00 E. L. Schmidt, August 30, 1872, part of lot 8, square 757, part of lot 25, ClomnSmith, July 2, 1872, lot 71, section 8, Barry farm; interest paid to block 18, John A. Smith farm, improved; interest paid to August 24, 850 00 January 21874; balance................ ................... ........................................ .. 100 00 1873, balance.. Samuel F. Suit July 2, 1872, four hundred and fifty acres, Prince Georgo's A. Woodward, jr., August 31, 1872, part of lots 11 and 12, square 743; in400 00 County, Maryland, called the "Home Place ;" interest paid to Docem. .................. ...... 30, 1873......... to August terest paid ber 20,1873................... .................................. 24,000 00 Clarence Compton, September 2,1872, lot 4, section 9, Barry farm; interJohn C. Ricks, July 5, 1872, lot 35, square 336 improved; interest paid to ........................... ......... est paid to September 2, 1873... January 5, 1874 balance........................................... 340 00 William H. Gray, September 3, 1872, lot 53, square 140, improved; interGriffin S. Reed Jly 6, 1872, lot 9, square 309, improved; interest paid to 500 00 .... est paid to August 28, 1873 .................................. December 26, 1873, balance....................................... 880 00 William T. Benqamin, September 5, 1872, lot 27, section 7, Barry farm; Randolph Lobsin, July 8, 1872, part lots 2 and 3, square 791, improved; 200 00 interest paid to September 5, 1873.................................... no interest paid.............................. ... .......... . 1,550 00 Vestry Rock Creek church, September 5,1872, church land called "Glebe," Edwin King, Juy 9, 1872, lot 2, block 17, Meridian Hill; interest paid to 3,000 00 interest paid to September 2, 1873.............---...-............. January 9, 1874...... .............................. ............ 500 00 Ann Wallan, September 6, 1872, part of lots 11 and 12, square 289; InterPhilip W'allak, July 10 1872, lot 6 square 573; trust note, balance...... 500 00 est paidto September 6,1873.........................-............... 1,000 00 Henry Jefferson, July 13, 1872, lot P, square 152; interest paid to July 12 Joseph Williams, September 6, 1872, lot 67, Mount Pleasant; interest 1873......................-...................................... 350 00 175 00 paid to August 16, 1873............................................... diles, 282 APPENDIX- TO THE CONGRESSIONAL RECORD. __ George F. Adams. September 7, 1872, part of square 583; interest paid $250 00 .......-..........-.... 1873 .. ................... tlASep)l;inlir 6i, L;erc!,lict Milblrn, November 8, 1872, part of lots 1 and 2, square 518, improved, and real-estate notesi'or$;1),000; interest paid to December 1,1873, 3,296 44 .... . ....... . l .c..... ... . . ............ .. ............ bal ala Clirles UIvson, S;ptmolscr 10, 1870, lots 22 and 24, square 870; interest 874 20 -............ ...............-...... paid to S'eptenmber 7, 1873, balanco Trustees Fifth Baptist chutrch, September 10, 1872, lots 26, 27, and 28, 7, 000 00 sqitre 277, lnmprovet; lteOrest plaid to Au gust 30, 187t .............-'i'rnitees .l"ifth Baptist chulrclh, Mhlay22,1873, lots 26, 27, andt 28,square277, 4, 000 00 .-........................ lmprl d; interest paid to November 21, 187:1 6 Giorigo Matltingly, September 10, 1872, lot 7, sqinare7 0, improved; interestl, ipid to Fel ruary 9,1873...................................... ..... 15, 000 00 WV.M. I'nophirey, September 10, 1872, lot 31, square 508, improved; inter. 650 00 cutpaid to December 2, 1873 ........................................... 800 00 I,llzalbeth Barrett, September 10, 1872; interest lpaid to July 2, 1873...... 1'. I.. Grccn, September 11, 1872, lot 9, Pleasant Plains, improved; inter750 00 cist paid to September 4, 1873 ......................................... P. Llimsdein, September 12. 1872, parts of lots 159 and 167, Beale's Ilachel addition to Georgetown, improved; interest paid to Soptombor 15, 1873, 1,920 00 la a c ........................................................... C. Ilobinson, Septmunber 18, 1872, improved property, Alexandria, Virginia; interest paid toSoptel,»tber 12,187: ...... .........................-....-hliry C(.YO,II;i, Soptember 1, 1872, part of lot 2, squaro 971, 120 by 77 feet; 5,000 00 ....... ...... . ...... . ... ............. no interest pal II. Isabella a itehell, September19, 1872, nineteen acres called "'Girls'Por toln. " Svcenth street, improved ; interest paid to September 14,1873... 3, 000 00 Willli:un I .Stevenson, Sepltimber 19, 1872, lot 309 Vermont avenuo; iin272 00 terest paidto M3lrch19, 187, alance ................................ CIIIrles Villamns, Sleptember 20,1872, lots 14 and 15, square 99; interest 500 00 .....-........ ...... ................ . paidto SeptUember 18, 1873,8 Johni It. Lewis, September 20, 1872, part of lot 8, square 737, improved; 1,100 00 iitcrcm-t paid It JiamInry 17, 1874 ......- ...........-........-...... George 1II.Stowell, September 22,1872, lot 25, square 420; interest paid to 4,000 00 S,pteumber 19, 1873. ...............................................-.. l.IIangIan, September 21, 1874, lot 17, square 86; interest paid to IsIabel 1,000 00 .... ............................ January 3, 1874,balanco ......... Il. Cobirn, September 25, 1872, lot 2, square 527; interest paid to CGeirge ---1,150 00 ............................ ....... ... August 30, 1873 .... ... John Kneating, September 27, 1872, parts of lots 23 and 24, square 616; in300 00 terest pnid to March 25, 1873.............................-.......... 1872, part of lot 23, square 126; interest John P.C'ltlor, September 29, 150 00 .. .............. ....... paid to September 25, 1873 ............ Aaron l'indll, October 1, 1872, lot 16, square 336; interest paid to Octo300 00 er 25, 1873:............................................................ llarian Goodall, October 1, 1872, lots 295 and 296, Uniontown, improved; 1 000 00 lintresi, paid to September 24, 1873:.. ................................ David W. Brown, October 7, 1872, lots 9 and 10, square 192; interestpaid 1,800 00 .. to September 30, 1873...... ....................... Edlward Swann, October 7, 1872, west half of lot 15, square 490; interest 5,000 00 mpidto September 24, 1873............................................. IT. Keller, October 8, 1872, lots 11 and 12, square 616, improved; interest 700 00 paid to October 5, 1873 ................................................ John;Gately, October 9, 1872, part of lot 9, square 419, improved; inter. 1, 000 00 est paid to October 8, 1873........................................... Henry Gwin, October 9, 1872, lot 16, section 2, Barry farm; interest paid 75 00 to October, 1873, balancc .............................................. Jamns IHarper, October 10, 1872, lot 35, section 3, Barry farm; interest 95 27 pald to O tober9, 1873................................................ Thomas Craig, October 10, 1872, lot 38, section 4, Barry farm; interest 58 37 paid to October 7, 1873................................................. Samiuel llenson, October 10, 1872, lot 55, section 8, Barry farm; interest - --.... October 7, 1873 1873.-........................................................ - Octobcr 49 76 Samuel P. Gaines, loan on lots in Barry farm; interest paid to October 1873 ............................... ...... ........... .... ......... 59 51 William Nolson, loan on lots in Barry farm; interest paid to October, 1873.............................................................. 56 70 50 84 Henry Nobo, loan on lots in Barry farm; interest paid to October, 1873.. Thomias P. Diggs, loan on lot in Barry farm; interest paid to October, 1871 .......------------------------------------------------------89 70 Dennis Ruden, loan on lots in Barry farn; interest paid to October, 1873. 540 00 Georgo Davis, loan on lots in Barry farm; interest paid to October, 1873. 35 00 -HarriotMagruder, loan on lots in Barry farm; interest paid to October, 1873 ----------------.............. .......... 104 00 Mack McKonzic, loan on lots in Barry farm; interest paid to October, 1873 ... ....................... 150 40 Amos 11ill, October 11, 1873, lot 9, section 2, Barry farm; interest paid to October 7, 187 ..................................................... 150 00 JaImes P. McElfros,, October 14,1872, lots 61 and 62, square 827, improved; interest paid to October 2, 1873-....-....... . ..................... 600 00 Eliza Morodith, October 17, 1872, lot 10, square 558, improved; interest paid to October 1-,1873...................... .......................... 800 00 John Lane, October 17, 1872, parts lots 128 and 129, Boatty, (subdivision,) Georgetown, improved; no interest paid ............................ 2,500 00 John Patchl October 18, 1872, trust-deed notes, improved property; interest paid to October 21, 1873, balanco .......................... 870 00 Willey Evans, October 23, 1872, lot 6, square 337; interest paid to April 17, 1873........................ ....................................... 200 00 Ellen Dorsoy, October 23, 1872, lot 8, square 553; interest paid to October 21, 1873.............................................................. . 275 00 M. . Emvans, October 23, 1872, lot 20, section 2, Barry farm; interest paid to October 7, 1873 .... . .. . .................. 100 00 James T. Pike, Octobon 23,1872, parts lots 4 and 8, square 871, improved; no interest paid ................................ ..................... 2, 000 00 Jolm A. Green, October 24, 1872, lot 19, section 8, Barry farm; interest paid to October 23, 1873, balance...................................... 100 00 IHorace J. Gray, October 24, 1872, lot 1, block 6, Meridian Hill, also adjoining lot, improved ; trust-dced notes.......................... 2,500 00 P. and A. Page, Octobor 24, 1872, lot 2, square 182; interest paid to Octoer 22, 1873. .......... .............................. 300 00 Henry I). Payton, October 26, 1872, lot A, squaro 68, improved; interest paidto October 23, 1873.......................................... 550 00 Albert Gaines, October 26, 1872, partof lot 12, squaro70, trust-deed note. 1,367 92 Addison Triplet, one city lot, interest paid to October 23, 1873; balance... 80 00 Henry Brown, one city lot, interest paid to October 23, 1873, balance.... 80 00 Joseph B. Williamson, October 28, 1872, lot 22, square 342, improved; in. tereat paid to October 28,1873, balance .................. ..... 900 00 Howard University, October 2, 1872, property known as college reservation, 20 acres; also propertykunown as the P'ark, 1 acres; also lots 7, 8, 9, mid part of 6, square 640; also wholoof squaro 1054; also lotsl, 2,3, 4, square 1055, improved; iutorost paid to October 22, 1873............... 75,000 00 J. N. Dickson, October :10,1872, lot 60, square 180,improved; interest paid to October 30,1873.............................................. 1,000 00 J. and M. Dant, October 30, 1872, lot 15, square 820, improved; interest paid to October 28,1873............................................ 600 00 Griflbu S. Reed, November 1, 1872, lot 40, square 336, improved; interest paid to October 29, 1873 ............................................. 1, 500 00 J. Sweeny, Barry farm, interest paid to November 2, 1873, balance....... 36 30 Joseph Middloton, November 2, 1872, lot A, square 791; interest paid to November 2, 1873..................... ---............ ...... 530 30 Christiana Hines, November 2, 1872, west half lot 2, square 105; interest paid to October 30,1873............................. .... ....... 1, Q000 Jolhn 11. McOhesney, November 5, 1872, part of mill seat at Brightwood;' interest paid to October 30, 1873................. .......... 1, 000 00 Clara 1B. lall, November 5, 1872, lot 20, block 17, Meridian Hill, interest paid to November 5, 1873............. .............................. 350 00 Thomas Payne, November 5, 1872, lot 14, square 198, improved; interest paid to November 5, 1873.......................................... 300 00 Lewis Rooster, November 5, 1872, lot 12, square 620; interest paid to November 1, 1873, balance .................................... .... 200 00 F. & S. Brooks, November 5, 1872. south 100 foot of lot 43, square 69, is. proved; interestpaid to November 6, 1873................. ....... 400 00 Emily H. Reed, November 7, 1872, lot 4, square 814; interest paid to Novembor 6, 1873......................................................... 500 00 Soth A. Terry, November 8, 1872, lot 6, square 511, improved; interest paid to April 30,1872................. ............ .................... 1,500 00 Robert A. McMurray, November 14, 1872, lot 36, square 571, improved; Sintorest paid to February 23, 1874 .................................. 2,000 00 R. A. McMurray, November 1b, 1872, lot 37, square 511; interest paid to August 23,1873.................... ................................. 2,500 00 Lawson 1W. Brooks, November 16,1872, improved propertyin Alexandria, Virginia; interest paid to November 13, 1873........................ 300 00 Mauprav Green, November 21, 1872, south half of lot9, square 635; interest paid to November 21, 1873, balance.o................ ........... 212 50 Annotta Jordan, November 23, 1872, lots 7, 8, block 16, EflinghamPlace, Howard University reservation, improved; no interest paid.......... 9,000 00 Catharino Snyder, November 23, 1872, lot 100, Mount Pleasant; interest paid toNovember 15,1873........ ..................................... William H. Gray, November 27, 1872, lot 53, square 140; interest paid to May 26. 1873....................................................... 500 00 Eliza Holliday, on Barry farm; no interest paid to November 27, 1873, balance............................................................... 72 25 John H. Bond, lot 11, square 86; interest paid toNovember 25, 1873, balanc ............................................................. 110 00 Maurico J. Young, December 3, 1872, property in Georgetown; interest paid to November 27,1873... ..................................... 750 00 Mary Taylor, December 10, 1872, west part lot 6, square 512; interest paid to iovember 26, 1373.................. ........................ 240 00 Benjamin N. Weeds, December 14, 1872, lots 3, 4, 5, square 951; interest paid to December 17, 1873........ ................................ 1,500 00 Robert M. Douglas, December 17, 1872, Douglas plantation, Rockinginglam County, North Carolina; interest paid to October 12, 1873...... 3,500 00 Frank Quarles, December 21, 1872, property in Fulton County, Florida; no interest paid....... ............................... ... 1, 000 00 Virginia Williams and Thomas W. Cardoze, January3, 1873, 2,000trustdeed notes on property in Vicksburgh, Mississippi.................... 2,000 00 John A. Gray, January 4, 1873, lot 17, square 199; no interest paid....... 5,000 00 W. M. Pumphroy, January 10, 1873, trust-deed notes, improved property, .... ....... 1,186 40 balance.... ................................................. Jackson Parker, January 21, 1873, interest paid to September 21. 1873... 6,257 00 Joseph Casey, January 24, 1873, lots 7 to 12, block 8, lots 27 and 30, block 6, lots 1, 2, 3, block 20, Meridian Hill, interestliaid toNovember11, 1873. 1,810 65 Benjamin Lannum, January 24,187:, lots F. G, U, andV, lots 2,3, in square 638, improved; interest paid to June 1, 1873......................... 1,100 00 Sophia Holmes, January 30, 1873, lot 25, square 338, trust-deed notes.... 2, 620 00 Simon J. Groot, February 4, 1873, lot 23, square 373, improved; interest 900 00 paid to September 2, 1873............................................. Saint John's chapel, Norfolk, Virginia, February 10, 1873, on the church property, interest paid to September 27, 1873........................ 2,500 00 Frank Quarles, February 19, 1873, property in Atlanta, Georgia; interest . 1,000 00 ..... ... ....................... paid to May 11, 1873..... Silas L. Loomis, trustee, February 27, 1873, lots 16, 17, and 19, square 652; ............ 2, 400 00 ................. interest paid to April 16 1873.... 520 00 William J. Sterling, March 31, 1873, deed trust note.................... George P. Goff, April2, 1873, deed trust note; interest paid to October 1, 2,500 00 ...... ... ............. ..... 1873....... William II. Gray, April 4, 1873, lot 53, square 140; interest paid to Octo00 00 ............................ ........... bor 4, 1873.......... 575 00 Lucy Ann Reed, April 9, 1873, deed trust notes........................ Gcgo W. Mason, jr., April8,1873, New Berno, North Carolina, deed trust 1,210 58 notes.................................................................. Joseph Panaloy, April 18, 1873, deed trust note; interest paid to January 100 00 24,1874, balanc................................................ Benjamin H. Warren, real-estate notes; interest paid to October 21,1873. 1,359 35 Thomas Ewing, jr., April23, 1873, tractof land near Topeka Kansas; indorsed real-estate notes, due March, 1874 and 1875, bySS. C.omeroy.... 5,890 78 Patsey Smallwood, April 24,1873, lot K, square 183; interest paid to Octo100 00 ... ...... ... ber 21, 1873 .................................... 100 00 J. P. Woodland, April 30, 1873, property in Georgetown................ J. W. Babe and J. A. Rice, May 6, 1873, part lot 21, square 516........ 2,400 00 E. E. Schmidt, May 6,1873, part lot 2, square 821; interest paid to October 200 00 ............................................. 26,1873...... James A. Somers, March 8,1873, west one-third oflot 23, east 26 feet of lot 22, square 568; interest paid to November 6, 1873, (paid).............. 3,000 00 William McGuire, May 19, 1873, lot 1, square 421; interest paid to Octo3,300 00 ...... ...... ber 25, 1873................................... William F. Slater, Juno 7, 1873, lot A, square 331; interest paid toDecem380 00 ........................................ ber 3,1873..................... Mary A. Shanahan, June 9, 1873, deed trust note; interest paid to Decem1,350 00 ....... ................... .. ber9, 1873.............. A. C. Bradley, Juno 16, 1873, part lot 4, square 377, improved............ 17,000 00 James M. Latta, trustee, Juno 23, 1873, real-estate note, due 1875........ 3, 500 00 Alexander Sutherland, Juno 23, 1873, part of square 309, improved; in. 200 00 terest paid to December 20,1873.............................. A. Laugdon, July 11, 1873, real-estate notes, due 1874,1875,1876,1877,1878, 25,500 00 and 1879; interest paid to December 1, 1873 ............................ 500 00 D. W. Bram, July 14,1873, real-estate note, due February 9, 1875......... A. C. Brannan, July 14, 1873, lot 2, square 57, and lots 48 and 49, square 1,175 00 179; interest pid December 9, 1873, balance........................ 986 09 Albert Gaines, July 15, 1873, real-estate notes, due 1875............... John E. Kendall, July 18, 1873, lots 16 and 17, square 900................ 2,162 50 George Pimper, July 18, 1873, lots 140 and 141, Beale's addition to George555 54 ........................... town ............. Hiram Pitts, July 19, 1873, lots 702 and 703, Uniontown, due 1875......... 3,000 00 Saint Luke's Methodist church, Norfolk, July 23, 1872, church and land; 1,000 00 interest to November 30, 1873.......................................... APPENDIX TO THE CONGRESSIONAL RECORD. $200 00 Jane Rollins, July 18, 1873, lot 11, square 132, lot 14, square 247.......... 166 66 D. A. Straker, July 26, 1873, part of lot 17, block 7, Eflingham Place..... 200 00 Elizabeth Neil, August 2, 1873, lot 1, squaro 198.......................... 000 00 1, note... 1875, duo 120. square 3, and 2 lota Daniel L. Eaton, April 19, 1867, . M. Hall, August 6, 1873, Girl's Industrial Home. real-estate notes, due 8,658 00 .............-........................ July 9, 1874.... 200 00 Soplia Stewart, August 8, 1873, lot A, suare 68......................... 1,500 00 Jacob Frank, August 12, 1873, lot 38, square 180, improved.............. 175 00 Amistead Walker, August 15, 1873, lot 16, block 16, Effingham Place.... 100 00 Cornelius Jenkins, lana, Fulton County, Georgia...................... 318 00 I. H. Thomely, Atlanta, Georgia...................................... 200 00 Smith Woodward, Atlanta, Georgia..................................... 500 00 t. S. Egleston, August 15, 1873, lots in Atlanta, Georgia................ 100 00 Georgia............................. Atlanta, in land on Jones, Jerry 749 00 J. A. Wood, on land in Atlanta, Georgia................................ 115 75 A. Dela Matta, on land in Atlanta, Georgia ........................... to interest 733; square 14, lot part 1873, 16, August George G. Cornish. 3,000 00 .................... September 29, 1873......................... Mrs. M. J. Hunt, August 16, 1873, real-estate note..................... 1,000 00 180 00 James Johnson, August 16, 1873, lot 13, section 3, Barry farm........... Mrs. M. J. unt August 20, 1873, real-estate notes, due 1875, 1876...... 2, 000 00 700 00 improved.... 558; 8, square lot part 21, 1873, August Foley, Bartholomew 300 00 J-aies D. Burke, August 28, 1873, real-estate note...................... Thomas M. Healey. August 28, 1873, dwelling, Vermont avenue, near H. 700 00 2, street; insured $5,000.................................................. 250 00 ........ ........ Oliver L. White, August 30, 1873, deed..-.......... . John Patch, September 5, 1873, dwelling No. 1525 Tenth street; insured ...... .....-. ............... .. .... 2.00000 $4,000 ................... ------..... ... . 2.000 $4.060.----.---·----r--.--..--------------William H. Phillip, September 6,1873, dwelling S. W. corner Soventeenth 9,000 00 and K streets; insured $5,000 ......................................... 100 00 Charles Russell, September 18, 1873, lot 28, squaro 468.................... G. H. Aslchenbach, September 9, 1873, lot 52, square 296; interest to De750 00 ...................... ........... comber 1, 1873... ....... 250 00 Margaret A. Randall, real-estate note................................... 500 00 Joseph T. Johnson, September 15, 1873, part lot 12, square 372.......... Samuel Strong, September 15, 1873. south part of lot 34, square 732...... 1,2607 00 C. H. Underwood, November 1, 1873, real-estate notes, improved prop1, 100 00 ........---...-----..........-- ..--.. --:.... . ert'v J. E. Zug, November 6, 1873, real.estate notes........................... 1,370 70 600 00 notes..................... real-estate 10, 1873, November B. Bloss, John 250 00 George Angerman, November 10, 1873, real-estate notes................. 150 01 J .W. Barber, November 10, 1873, real-estate notes....................... 475 00 J. H. O'Connel. November 10, 1873, real-estate notes..................... 450 00 Charles B. Beall, November 10, 1873, real-estate notes.................... 1, 170 00 Mary J. Warner, November 10, 1873, real-estate notes ................... 600 00 Aaron Johns, November 10, 1873, real-estate notes....................... 300 00 H. G. Jacobs. November 10, 1873, real-estate notes........................ 150 00 F. B. Loftus, November 10, 1873, real-estate notes ..................... George R. Price, November 10,1873, lotC, square725; improved real-estate 4,250 00 --.. -----notes ..........--------------------------900 00 W. M. Pumphrey, November 13, 1873, lot 18, square 334; improved....... 900 00 William Pumphrey, November 13, 1873, lot -, square 334, improved..... Samuel E. Smoot, November 14, 1873, real-estate notes................... 2,6(10 00 1,700 00 Robert H. Ward, November 14, 1873, real-estate notes ................... 1,900 00 George T. Arms, November 18,1873, real-estate notes ..................... Saint James's Parish, December 4, 1873, lots 1, 2, 3, 4, and 5, square 915.. 1,166 60 MairiaIHlunter, December 17, 1873, lot 9, squar'234............ ........ 1,250 00 Jos. D. Harris, December 22, 1873, part of lot 37, Mount Pleasant, im-. .... .. 1,000 00 ..... ............ proved...................... ........ . 1, 000 00 George H. Simonds, January 7, 1874, real-estate note...... .............. Robert I. Fleming, January 12, 1874, old loan, one hundred thirty shares Young Men's Christian Association remodeled, $3,250 par; approved bills against Trustees Colored Schools, $22,011.92; real-estate notes, 26,000 00 $4,055.. -- ------.. --....--..----................................ Robert I. Fleming, January 12, 1874, old loan, part of lots 96 and 97, 2,000 00 Mount Pleasant..................... ........--- ....................... Robert I. Fleming, January 12, 1874, old loan, dwelling corner Massachusetts aveuue and Fourteenth street, insured for $10,000............ 20,000 00 1,475 00 Ortway Nichols, January 7, 1874, real-estate notes ....................... John B. Claggett, January 20, 1874, lot A, 108 acres, Washington County, Claggett farm, on Washington and Rockvillo turnpike................ 5, 500 00 350 00 Clement Morgan, January 20, 1874, real-estate notes..................... Charles R. Douglass, January 26, 1874, deed trust....................... 1,800 00 Ann E. Boyle and others, August 24, 1871, lots 1 and 2, square 634....... 8, 000 00 Malvina Folsom, January 29, 1872, west half lot 28, square 878; no in500 00 ............. terest paid ... ......................................... Amelia Talbot, October 22, 1872, lot 31, west half lot 32, square 158; in. ....... . 600 00 terest paid to September 18, 1873 .......... ............... James M. Latta, trustee, January 30, 1873, real-estate notes $3,500; inter3,500 00 est paid to Juno 1,1873................................................ J. B. sawyer, June 30, 1870, lot 4, square 196; interest paid to December 30,1873.......... .............. ................ ....... 500 00 Loan at Lexington, Kentucky, branch, November 3, 1871, on improved 4,600 00 property, value, $10,000........................ ....................... E. R. Knight, at Memphis branch, May 6, 1872, on Arkansas scrip; inter1,700 00 ........................ est paid to April 8,1873 .................. Dallas-street church at Baltimore, April 9,1873, on church property...... 2, 500 00 R. Sobsiquo, January 7. 1874, on lot 3, square 791........................ 1, 300 00 D. A. Conolly, January 13, 1874, on lot 4, square 575...................... 2, 000 00 RECAPITULATION. Total amount of loans on real estate................................. 1, 468, 976 55 Add................................................................. 4, 250 00 1, 473,226 55 CHARLES A. MEIGS, National Bank Examiner. JANUARY 24, 1874. SUNDRY. Schedule of loans on sundry securities made by the .Freedman'sSavings and Trust Company. Thomas M. Plowman, his note indorsed S. P. Brown & Son, due October 9, 1870, protested and contested...............'........................ $1,500 00 Horatio Nator Augustl8,1870, on$3,0001ife-insurancopolicyin Now England Mutual Life Insurance Company; interestto July, 1871.......... 250 00 A. B. Mullott, August 31, 1870, loanon one hundred shares Morris Mining Company, Colorado, $100 each; interest to November 1, 1871........... 1,400 00 E. R. night, October 11, 1871, balance of loan $600 on Arkansas State scrip, Memphis loan.................................................. 300 00 C. W. Havenner & Co., March 24, 1871, balance loan $1,200 on real-estate notes $1,105; interestpaidto July 31, 1871........................... 400 00 Lewis Bryant, July 14, 1871............................................. 192 00 283 C. W. Havenner & Co., March 27,1871, onrealestatenotes$3,050; interest paid to July 31, 1871.................................................... $1,500 00 Daniel Welch, his note indorsed D. L. Eaton, duo April 28, 1871; protested............ ....... ........... ...................... 230 40 J.~T. Spicor. May 2, 1871, chattel note on furniture St. James Hotel; no interest paid............................................. 2,735 10 C.. W.Iavenner & Co., May 6,1871, on rcal-estat.o notes; interest to July 800 00 1, 1871........ ....................................................... Arthur Flvnn, balance note $150, duo July 15, 1871, on real-estate notes.. 89 04 Frank Leigg, May 20, 1871, balance loan $500 on $1,000 Virginia State bond, bond sold and this balance outstanding........................ 125 13 Joseph B. Stowart, loan March 14, 1871, on $5,000 Union Pacific Railroad bonds in hands of H. G. Pant; bonds in suit as to ownership......... 3,250 00 J. & W. Vandonburgh, June 13, 1871, balance of $5,000 on claim for work Washington Aqueduct............................................. 1,51 50 C. W. Hanvonner & Co., July 25, 1871, real-estate notes................... 700 00 Central Branch Union Pacilic Railroad Company, balance of their note. $175,000, of August 17, 1871, scoured by contracts of sale of portions of the Kickapoo reserve lands, Kansas, (lands are sold on one to ten years' credit, about 100,000 acres,) bond of A. S. Barnes, lk Mt.Pomeroy, and E. H. Nichols; interest paid to December 12, 1872, last payment on account May 19, 1873, $7,500............................................ 74, 000 01 Daniel Welch & Co., September 14, 1871, balance of loan, $250, on deed trust note; interest paid to December 27, 1873......................... 182 93 Mlichnal Green, September 19. 1871, bond to trustees Barry farm, lot 15; interest paid to September 29, 1873..................................... 100 00 Charles F. Peck and W. E. Chaudler, balance of $1,100, September 20, 1871, on theirnoto indorsed William L. HInnlington; interest paid to October 25, 1871, last payment February 29, 1872.--- ................... ....... 979 50 C. W. Hayden, September 29, 1871, balance of $3,500 on real-estato notes $3,833.33; interest paid to March 29, 187............................. 713 66 Charles N. Thomas, October 9, 1871, on bond of theHoward University for sale of lot 1, block 22... ....................... ............... 350 00 Maria J. Stoddard, October 23, 1871, for noto indorsed G. W. Sticknoy, one year; no interest aid......................... ............... 1,000 00 Mrs. Serena McCarthy, Novomber 11, 1871, note indorsed by Robert II. Barker .. ..................... ............................... ...... 25 00 George W. Dyer, December 19, 1871, $550; Juno 17, 1872, $350;October 9, 1872, $1,000; on $2,000 Philadelphia city stock; interest paid to Novembe r 23, 1873 ................................. 1,900 00 Alexander W. Randall, December 29, 1871, balance of loan $1,212.02; his note, no security ........ .................................... 800 00 John L. Kidwell, December 21, 1871, balance of $2,000 on $2,000 real-estate notes; interest paid to December 21, 1873 ............................ 1,800 00 John Spicer, note, December 23, 1871, no security; no interest paid...... 300 00 S. S. Stearns, January 13, 1872, on real-cstato notes; interest to February 19, 1873............ ................................................... 1,000 00 John W. Wright, January 23, 1872. (paid;) note M. Myers $1,1:63 and claim against United States for rent of building corner of Eighth and G streets; no interest paid........ ................................... Hallet Kilbourn and John O. Evans, January 2, 1872, on $75,000 secondmortgage bonds Maryland Mining and Manufacturing Comp!any...... 50,000 00 S. S. Stearns, February 6, 1872, balance loan $100 on real-estato notes; interest to August 7, 1873-..................... ...................... 69 0.1 John S. Cook, assumed by Edward S. Fowler, February 7, 1872, on real. estate notes, balance of $13,000; interest paid to February 9, 1874..... 8,96495 Wlhitfield Jackson, February 15, 1872, balance of $237 on $250 United States five-twenty bonds ........................................... 183 34 Robert I. Fleming, March 7, 1872, on $5,000 in real-estate notes; interest to March 10, 1873............. ........... ......... ........ 4, 000 00 J. M. Brown, March 20, 1872, on $4,000 stock Detroit CarLoan Company, one hundred and sixty shares; interest paid to July 15,1873.......... 3, 500 00 Eugene S. Calvert, Mach 28, 1872, on real-estato notes, $19,331; no interest paid ............ .... ............ ..... . _.... .. 8,250 00 James C. Kennedy, March 29,1872, on $20,000 Maryland Mining and Manufacturing Company's bonds, on demand ;no interest paid.............. 12, 000 00 D. M. Davis and R. M. Ballocl, April 5, 1872, balance $2,000 on $1,800 stock Fitchburgh Railroad Company; interest to January 8, 1873...... 471 28 F. 11. Gassaway, March 30, 1872, balance $3,300 loan on $7,000 stock of American Seal Lock Company, on $5,000 stock of Metropolis Paving Company; no interest paid .......................................... 1,289 50 Johln W. Vaundenburgh, April 6, 1872, balance $600 note................ 117 80 William R. Hooper, April 10, 1872, three life-insurance policies for $6,500; interest paid to October 30.1873........................................ 900 00 Henry Brown, April 19, 1872, on $600rcal-estate notes; interest paid to August 25, 1872 .................................................. 600 00 P. M. B. Young, April 27, 1872, on real-estato notes, $(i,11; interest paid to August 21, 1873........................................ .. ...... 5,000 00 Mary F. Jacobs, May 1, 1872, note indorsed by C. A. Fleetwood.......... 50 00 W. W. White, May 11, 1872, balance -$100on bond of lot 13, Barry farm; interest paid to November 11, 187:................................... 250 00 L. L. Crounso, May 10, 1872, on real-estate noto, $4,500; interest paid to December 16, 1873...... ...................................... 1,800 00 John A. Gray, treasurer Fifteenth-street church, May 29, 1872, note in. dorsed by 1t. I. Fleming; interest paid to September 28, 1872........ 2,917 00 P. I. Croney, Juno 5, 1872, balanco $050 on $5,000 life-insuranco policy; interest paid to November 13, 1873................................. 250 00 Caroline A. Sherman, Juno 22, 1872, balance $2,000 on twenty-two shares East Capitol Building Association; three shares First Corporation Building Association; four shares Count River Railroad Company.... 1, 475 00 F. Burlinganm, July 10, 1872, note indorsed J. B. Sawyer, (paid)............... Holtzclaw & Bruff, July 13, 1872, balanco $3,000 on forty shares Capitol Hill Building Association on $2,000 real-estate notes.................. 918 31 D. C. Morrison, jr., July 25, 1872, balance $1,200, real-estate notes, $1,000; interest paid to April 25, 1873 .......................................... 500 00 N. J. Hillman, August 1, 1872, balance $1,250 on real-estate notes; 'nter. cstpaid to August 6,1873............................................. 120 00 Edward Johnson, August 9, 1872, on $700 stock Young Men's Cluistian Association; interest paid to July 12, 1873 ............................ 550 00 Franklin Shernan, August 22, 1872, on Clesapeakeo and Ohio Railroad bonds, $1,000; interest paid to February 1, 1873...................... 900 00 B. H. Warner, August 27, 1872, fivehundred real-estate notes; interest paid to December 12, 1873............................................. 300 00 B. R. Plumloy August 31, 1872, Bond lot 10, Smith's farm; balance $120; interest paid to January 28, 1874 ...................................... 53 00 Norman & Middleton, August 31, 1872, certificates board of publicworks; no interest paid ....... .. ............................... 1,400 00 Daniel A. Connelly, September 3,1872, balance $5,000, and gold balance; no security ......................................................... 743 09 Benjamin D. Whitney September9,1872, balanceS2,100; $3,500 real.estate notes; interest paid to September 12,1873 .......................... 4, 000 00 C. W. Havenner & Co., September 11, 1872, $1,500 real-estate notes; no interest paid ...................................................... 900 00 284 APPENDIX TO THE CONGRESSIONAL RECORD. F. W. Brooks, April 18, 1873, on $10,000 stock International Steamship Company; no interest paid, value 10 per cent., $1,250 for one hundrel and twenty-flve shares ................. .................... $5, 000 00 Plato P. Lee, April 19, 1873, on 324 certified bill against District of Colmbia; no interest paid..................................... ..... . 100 00 G. P. Hopkins, April 23, 1873, on $3,000 Northern PacifloRailroad bonds; interest to January23, 1874................ .................. 2,500 00 James T. Pike, April 30, 1873, on $5,000 note James Pike, proatesed; $2,000 real.estate notes; balance, $6,500; no interest paid.............. 6,170 00 R. A. Marsh, May 1, 1873, on $350 approved bill against board of health; interest August 3 1873............................................. 300 00 Robert S. Hatcher, May 5, 1873, on salary order; balance.............. 357 00 S. J. Draper, May 7,1873, balance $300 on seven shares Franklin Co-oper. ative Building Company; interestAugust, 1873...................... 150 00 James T. Benedict, May 7, 1873, on $2,000 real-estate notes; no interest paid.....................- ...--- -..-...--. ......-------------.... 2,000 00 Frederick Douglass, jr., May 22,1873, on $246 approved bills against city government; no interest paid....................................... 220 00 Charles N. Thomas, June 2, 1873, balance $140 on $150 certificates, C. R. Douglass, treasurer; interest December 15, 1873..................... 100 00 R. H. Marsh, Juno 3, 1873, order on board of health for $118.50; intrestr August 3, 1873...........................................-........ 100 00 Lewis I. Douglass, June 9, 1873, on $171 approved bill city government; no interest paid............. ................................ 160 00 James R1.Green, Juno 9, 1873, balance $900 on 9000real-estate notes; intorest to December 9, 1873............................................ 440 28 Frederick Douglass, jr., Juno 16, 1873, on $104 approved bill against Dis. trict of Columbia; no interest paid ................................. 150 00 Frederick Douglass, jr., Juno 30, 1873, on $315 approved bill against tor. ritorial government; no interest paid ............................... 280 00 John W. Carson, July 6, 1873, on $1,000 lifo-insuranco policy, National Life Insurance Company of the United States; interest paid to January 6, 1874....... .............................................. 300 00 Frederick Douglass, jr.. July 7, 1873, on $194, approved bills against ter. ritorial council; no interest paid..............-................... 175 00 Boughton & Moore, July 11, 1873, on $6,480, real-estate notes; no interest paid............................................. 4,000 00 Charles B. Bailoy, treasurer, July 15, 1873, on $12,500 stock of Young Men's Christian Association, balance $3,800 .................. ..... 3,200 00 Perry II. Carson, July 15, 1873, real-estate note.-...................... 550 00 H. J. White, treasurer, July 18, 1872, on $3,000 of First Congregational Society bonds; interest paid to October 21, 1873 ..................... 1, 471 51 Thomas I. Talbot, July 23, 1873, on $5,000, real-estate notes............ 1,500 00 W. J. Dochstador, July 28, 1873. on $100 United States fivo-twenties.... 100 00 George W. Dwyer, August 9, 1873, on $4,661, real-estate notes, interest paid to January 20, 1874, balanco $1,500........................... 1,386 82 G. G. Cornish, August 16, 1873, on $1,100 real-estate notes; interest paid to January 22, 1874.............. ................................. 500 00 George Simms; August 18, 1873, on $350, city 8 per cent. certificates...... 280 00 White Brothers, paid August 22, 1873, on $3,650, stock of Columbia Railroad Company; interest paid to January 31, 1874, balance $700........ 330 00 S. A. Safford, jr., treasurer, September 4, 1873, on $500, stock of Capital Publishing Company .................................................. 250 00 W. Bowen, September 13,1873, on $2,428, bill against District of Columbia for work...... ...................................... . 1, 630 92 Walker Lewis, September 24, 1873, on $300 United States five-twenty bond....................................................... 202 31 J. 51. Brown, October 9,1873, on $533 of certificates of board of public works ......................................... .............. :. 200 00 H. R. Hurburd, October 28, 1873, on $2,300 note of W. W. Motcalf, due 2, 000 00 October, 1875; interest paid to January 21, 1874 ....................... Michael Nash, November 17, 1873; balance $120 on twenty-six shares of the Fireman's Insurance Company, Washington ...................... 40 00 Henrietta Wilbur, Decomber 1, 1873, on $300 of stock of the Columbia 100 00 ....... Railroad Company............................... H. C. Ross, December 5, 1873, on 100 city 8 per cent. bonds; interest paid 500.............. 00 to February 5, 1874 ................................ W. J. Purman, December 20, 1873, on $10,000 of Florida 7 per cent. bonds. 3, 025 00 William Russell December 13, 1873, on two shares of the Franklin Co. 150 00 operative Building Association; interest paid to January 15,1874...... Daniel Breed, December 22, 1873, on $200 United States sixes of 1881 .... 200 00 Martha Mackall, December 24, 1873, on $100 United States five-twenty bonds... ..................................................... 100 00 Henry R. Searle, December 27, 1873, on certificates of one-sixth of propTotal loans to Vandenburgh............................................180,008 58 erty of Washington Building Block Company................... 923 00 Not yet credited loan account: ....... Steelford & King, July 3, 1872; paid September 12, 1872; note......... Loss per Intorest coupon collected ........................... $50, 781 00 ............ Newman & Middloton, July 8, 1872; duo August 6, 1872....... Less per $39,658 8 per cent. bonds sold......................... 30,225 75 Newman & Middleton, July 24, 1872; duo August 15, 1872, on certificates --35, 03 75 500 00 of tho board of public works....................................... Newman & Middleton, July 27, 1872, due August 29, 1872, certificate Total loans outstanding........... .................................... 144,164 83 1,710 00 ........................ board of public works.......... Secured byNewman & Middleton, August 3, 1872, duo September 5, 1872; cortifil District of Columbia, 8 per oont. bonds.............................. 95,250 00 100 00 catoboard of public works............................................ Auditor'scertificates........................ .... .......... 61, 262 94 J. I. Stevens, August 30, 1872, due September 30, 1872; in pay vouchers 100 00 ....... .45 00 J. D. Hutton, August31, 1872, in pay vouchers, balanc............. Faco values ......................... .. ....... .... ... 156, 512 94 L. Deano, September 6, 1872, balance due November 9,1872, on $500 Saint Accepted Magrudor, treasurer, add............ ................... 6, 500 00 ......... 124 00 Louis and Denver City Railroad bond.................... 70 00 Lewis Bryant, September 13, 1872, duo July 11,1873 notes.............. Total.... ............................................... 163,012 94 G. I. Newman, September26,1872, demand noto, indorsed G. D. Johnson ' 40 00 F. II. Gassaway, December 18, 1872, on $2,000 stock American Seal Lock 500 00 Noewman & Middloton, September 30,1872, duo October 31,1872, note.... Company $2,000 Capital Publishing Company; interest paid to March A. P. Fardon, October 11, 1872, due November 14, 1872, note............ 15, 1873; $2,230 real-estate not11......... ........................ 2,250 00 David Hill, October 14,1872, balance duo January 17,1873; note indorsed Rudulf Labsquo, December 21, 1872, on real-estate notes; paid, no inter. ...... ... ....................................... O. S. B. W all ....... est paid ............. ...................................... ........ Newman & Middleton, October 20,1872, demand cortiflcate board of public James B. Carter, Decomber 3111872, on real-estato notes$1,000; no interest ........... ...... 500 00 . ................................. works...... palid ................................... ..... ... .......... 1,100 00 A. W. Ballard, October 29, 1872, duo November 30, 1872, in pay vouchers. 45 00 J. A. Crosby, January 2. 1873, on $1, 000 Northern Pacillo Railroad bond; 100 00 J. T. Wormloy, October 31, 1872, duo December 23, 1872, note............ balance $758; interest paid to October 31,1870........................ 600 00 Williams & Bocket, November 2, 1872, domand note.............. ........ 1F.. . Gassaway, January 30, 1873, no security; interost paid to March Ignatius Bond, November 14,1872, duo January 15, 1873, note.................. 23, 1873.................... .... ............ ......................... ,845 66 L. Timborlake, November 14,1872, duo December 15,1872, in pay vouchers 25 00 James B. Carter, February 11, 1873........................... ......... 350 00 Sophia Holmes, November 16, 1872, duo Decomber 3, 1872, note.......... 20 00 James B. Carter, on $100 real-estato note; no interest paid ............. 172 1 Thomas N. Chase, November 16, 1872. duo December 3, 1872, note............... Robert A. Phillips, February 18, 1873, on $1,024 real-ostates notes; no inh 100 00 Addison Clayton, November 19, 1872, duo December 2, 1872, note........ terest paiid........................... ....................... 650 00 J. G. Martin, November 30, 1872, duo December 26, 1872, note........... 230 00 J. V. W. Vandenburgh, February 25, 1873, on $3,000 stock Second Nar• 30 00 A. Pannoll, November 23, 1872, demand note........................... tional Bank; no intorest aid ........................................ 2 500 00 Evelyn D. Shaw, November 25,1872, duo January 28, 1873, note................. C. W. ITavonnor & Co., February 27, 1873, on $1,500 real-estat notes; nd 184 00 A. Pannell, November 27, 1872, demand note ......................... interest id .......................................... . 1, 250 00 J. W. Hayden, president, November 29, 1872, due January 31, 1873, note, Hallett Kilbourn March 1. 1873, on note National Junction Raliroad Com1,500 00 ................................ Seneca Freestono Company ..... pay, $2,950 and interest, I. Kilbourn, president, past due; no interest 300 00 Nowman & Middloton, November 30, 1872, demand note................ pa -......... ......... ............. ............ .. 3,000 00 W. B. Mooro, November 30, 1872, due December 4,1872, note indorsed by P. W. Brooks April 18,1873, on $2,500 stock International Steamship and Horace Boughton, (paid)......... ...... ............. ........ Ratiroad Supply Company; no interest paid ......................... 73 40 500 00 K. V. Jennings, December 2, 1872, duo December 31,1872, in pay vouchers J, W. Vandenbnrgh, September 2t, 1872, certified bill for work on Vir$1, 000 03 gioia avenue, $4,250; no Interest paid ................................. J. . iH.I all, Septenmer 21, 1872, approved bill for county work, $3,000; 500 00 no interest paid..................... ................................. 175 00 RI.M. Iall, September 23, 1872, on real-estate notes, $200; no interest paid John W. Wright, ioptombor 21, 1872, on real-estate note, $5,000; no in00 000 ... terest paid .2.............. J. V. W. Vandenbulrgh, September 25, 1872, certificato board of public 600 00 ......... ............ works; no interest paid .............. John W. Wright, August 2, 1872, on $5,000 real-estate note; no interest 1, 000 . ........................ ........... paid ...................... U. Blnmenberg, October 3, 1872, on real-estato note; interest paid to Oc. ....................... tober 0, 1873................ John A. Prescott, October 0, 1872, balance of $1,135, note indorsed It 635 00 .... I. Fleming; interest paid to October 9, 1873 ................... Mlildleton & Newman, October 12, 1872, certificate board of publio 400 00 ................... .... works; no interest paid.... A. D. Newbold, October 10, 1872, on $100 United States five-twenty bond; 100 00 ........................................... no intercat paid .... J. T. Wormloy, October 21,1*72, balance $500, approved bill $558.40, medi326 33 cine for poor; interest paid to January 2(, 1873........................ C. If. Holden, October 25, 1872, on real-estate notes $4,100; no interest 2,209 47 ............................................... paid ........ J.. V. W. Vandenburgh, October 20, 1872, 2,550 certificates of the board of . 2550 00 "... •npublic works; no interest paid ................................. Ad dison Clayton, October 20, 1872, approved bill $982, trustees colored 500 00 ..... .. schools ...............................-..... 600 00 G. G. Cornish, October 30, 1872, 700 real-estato note; no interest paid... ir. T. White, treasurer, Novem ber 2, 1872, balance 83,500 on 3,450 First Con2, 960 02 .rogational Society bonds; interest paid to May 1, 1873............... S.C. Loomis, November 4, 1872, on real-estate notes; interest paid to No. 1, 364 88 ..... ............................ vember 4, 1873 ... J. V. W. Vandcnburgh, November 9, 1872, on 2,550 certificates of tho board of public works; no interest paid; indorsed D. L. Eaton....... 2,500 00 WT.C. Tilden, November 12,1872, on $200 United States five-twenty bond; 200 00 ............... no interest paid............................. S. C. Pomeroy, November 21, 1872, demman.............................. 3,000 00 S. C. I'omoroy, April20, 1873, $6,000 on real-estate notes; no interest paid.. 3, 000 00 A. Pannell, November 23 1873, approved bill, work on Fort Whippleo, 309'24 $300.24; no interest paid ......................................... IH. McLindon, Novembor 23, 1872; balanco $500 on $1,000 stock Young 200 00 Men's Christian Asscitiian on ; interest paid May 15, 1873............. A. Pannell, November 20, 1873; approved bill $116.66, Fort Whipplo; no 110 66 ............................................... interest paid ... J. V. W. Vandenburgh, December 5, 1872; balanco 80,465, certificates 2, 726 20 board public works; no interest paid ................................ 168 00 A. Pannell, December 10, 1872.................................... 72 00 A. Pannell, $200; approved bill, work on Fort Whipple ; no interest paid 84 75 A. 'Pannell December 14, 1872, $200, on $84.75.......................... J. V. W. V1andenburgh, treasurer AbbottPaving Company, December 1, 8,210 82 .................................................... 1872 ... 1,000 00 J. V. W. Vandonburgh, January 24, 1873............................... 2, 000 00 J. V. W. Vandenburgh, February 8, 1873 ............................... J. V. TW.Vandenburgh, February 21, 1873 ............................. 1, 200 00 35, 107 56 J. V. W. Vaudenburgh, February 20, 1873 .......................... ,42 08 J. V. W. Vandonburgh, February 20, 1873 ............................... J. V. W. Vandenburgh, April 21, 1873 ................................. 1,300 00 T. V. WY.Vandenburgh, April 28, 1873 ........ ..................... 1,000 00 J. V. VY.Vaindenburgh, May 10, 1873 ................................ 1,500 00 .T. V. W Vanudeonburgh, May 21,1873.................................... 1,200 00 J. V. W. Vandoaburgh, Juno 1, 1873.................................... 4,000 00 J. V. IW. Vandenburgh, November 13, 1873.............................. 1.00 00 J. V. W. Vandenburgh, December 10, 1872............................. 2,700 00 J. V. W. Vandenburgl, January 25, 1873............................... 1,500 00 J. V. W. Vaudenburlh, July 13, 1873.................................. 1, 500 00 J. V. W. Vandenburlh, July 10, 1873................ ......... ... 6,000 00 J. V. WV.Vandenburgh, July 16, 1873, accepted by J. A. AMagruder, treasurer................................................... ....... 4,487 05 J. V. . Vandenburgh, August 5, 15873................................. 1,000 00 .T. V. W. Vandonburgl, August 15, 1873................................. 3, 000 00 J. V. W. Vandoeburgl , Septomber 13, 1873........................... 3,623 48 J. V. W. Vandounburgh, September 13, 1873, accepted by J. A. Magruder, treasurer.......................................................... 6,0 00 APPENDIX TO THE CONGRESSIONAL RECORD. A. annell, December 10, 1872, demand note............................. Newman & Middleton, December 16, 1872, duo January 23, 1873, note indorsed by R. W. Tompkins ......................................... A. Pancnll, December 18, 1872, demand notes..................... Thomas W. Chase, December 18, 1872, duo December 31, 1872, note...... W. T. Parkr, December 21, 1872, duo January 31, 1872, note............ J. F. Wormloy, January 11, 1873, due January 29, 1873. note............. S.S. Stevens, January 18, 1873, due February 20, 1873, on real-estate ......................... .......................... notes..-Nowrnan & Middleton, January 29, 1873, demand certificates of board of .......................................... pnblic works.... Williams & Becket, January 31, 1873, demand note.................... Sophia Hohnes, January 31,1873, demand note................... I. T. White treasurer, February 3, 1873, dub May 4, 1873; note ex........ tended, H. R. Searlo................................ nlony Lacoy, February 4, 1873, duo April 16,1873, note indorsed C. . --------------Clark ............---------.---.. I. K. Moore February 13, 1873, duo March 7, 1873, note............. Daniel Welch, February 13, 1873, duo March 17, 1873, note.............. James E. Dexter, February 21, 1873, duo March 17, 1873, note indorsed G. W. Balloch, balance of $500 ... ............................. James T. Pike, February 20, 1873, duo February 14, 1873, note........ E. J. Calvert, February 24, 1873, demand note........................ N. Dillard February 24, 1873, on demand note, (paid).................... A. R.Fowler, February 24, 1873, on demand note........................ Charles D. Sloan, February 26, 1873, duo March 31, 1873, on pay voucher David Miller, February 28, 1873, duo March 15, 1873, on school voucher.. Charles Il. Douglass, February 28, 1873, demand on school voucher...... J. R. Johnson, March 1, 1873, demand note indorsed by D. L. Eaton, paid .................... ..-.......... February 3, 1874.......... W. B. Moro, March 1, 1873, demand note indorsed by J. G. Bigelow...... Horace Boughton, March 1, 1873, duo April 25, 1873, note indorsed by ..................................E. A. Kinney ............. William Ellis, March 3, 1873, due May 6, 1873, note...................... Henry Lacy, March 8, 1873, duo May 16, 1873, note indorsed by H. A. .......................................... Kloflor........ D. Miller, March 19, 1873, on school-pay voucher..................... G. II. Newman, March 18, 1873, duo April 1, 1873, note................ S. P. Brown & Son, March 19, 1873, duo June 19, 1873, note indorsed by George H. Plant..................................................... Georgo W. Van Hook, March 25, 1873, duo December 22, 1873, note...... J. W. Bishop, March 25, 1873, duo December 10, 1873, note .............. Low. Alden, April 3,1873, duo May 15, 1873, on pay voucher ............ W. I . H. Bates, balance $40, April 3, 1873, pay vouchers................ A. R.Fowler, April 17, 1873, duo Juno 21, 1873, note ................... George H. Newman, April 22, 1873, demand note........................ A. R. Fowler, April 23, 1873, due May 22, 1873, note................. .................. J. Smolinsky, April 28, 1873, duo July 18, 1873 ... Note indorsed G. W. Sticknoy, balance $400............................ Robert Hutton, April 29, 1873, duo May 29,1873, note ................... Mary L. Smith, May 5, 1873, duo May 31, 1873, on pay vouchers.......... Mary T. Benjamin, May 5, 1873, on school voucher....................... Alexander Saury, May 5, 1873, duo October 26,1873, note ............... Nowman & Middleton, May 8, 1873, domandnoto.....--.... .... ..... 0. O.Howard, May 10, 1873, due August 11, 1873, note .................. A. R. Fowler, May 17, 1873, due May 30, 1873, note ..................... B. Frazier; May 19, 1873, due Juno 9, 1873, note ........................ Newman & Middloton, June 14, 1873, demand certificate board of public ...... ............................ works..... W. F. Williams, June 16, 1873, due July 15, 1873, on pay voucher........ Nowman & Middleton, June 28, 1873, demand certificate board of publio works........................................ ..... .. ...... George Burgess, January 3, 1873, demand, on real-estate notes.......... J. T.wormloy, July 7, 1873, demand noto.............................. E. C. Ingersoll, July 8, 1873, due September 28, 1873, note indorsed J. W. .................. .......... Wright ...................... Addison Clayton, July 10, 1873, due August 12, 1873, note indorsed John ........................................... T. Johnson........... Porry Carson, July 10, 1873, due August 11, 1873, note................ Daniel Welch, July 10, 1873, demand..................................... Newman & Middleton, July 14, 1873, demand certificate board of public works............................ . John E. Clarko, July 15, 1873, demand note.............................. Boughton & Morse, July 21, 1873, due January 16, 1874, note........... John 0. Evans, July 26, 1873, due September27,1873, on accountof James A. Magruder, treasurer....... ............................... H. T.White, treasurer, August 4, 1873, duo October 4, 1873, note........ J. R.Elliot, August 6, 1873, due September 4, 1873, note................. T.J. Latham, August 6,1873, due November 5,1873, noteindorsedSamuol S. Smoot........................................................ J.W. Wright, August 8, 1873, due October 10, 1873, note by real estate... Nowman & Middleton, August 18, 1873, demand certificate, board of public works....... Smolinski & Lyle, August 20, 1873, due November 1 873, certificate board of public works............................................. J. II. Richardson, August 21, 1873, duo October 20, 1873, note indorsed R. W. Tompkins........ ................................ John E. Clarke, August25, 1873, demand not........................... Zachary Taylor, August 25, 1873, duo September 28, 1873, note indorsed NoahRobinson........................................... Newman & Middloton. August 25, 1873, due October 25, 1873, certificate board of public works................................... ......... George Burgess, August 30, 1873, duo October 2, 1873, real-estate notes Newman & Middloton, August 30, 1873, duo October 3, 1873, cortificate board of public works.......................................... Thomas Lucas, August 30,1873, duo November 1,1873, noteindorsed John E. Cox................................................................ J. E. Lacy, September 1, 1873, duo December 1, 1873, note............. M. A. McCulloch, September 2,1873, duo September 30, 1873, pay vouchers K. F. Kuno, September 2,1873, due Soptemer 30, 1873, on pay vouchers.. I. Townsend, September 2, 1873, due September 30, 1873, on pay vouchers J. H. Richardson, September 4, 1873, due November 11, 1873, note........ Johnl. Brooks, September 4,1873, due September 30, 1873, on pay vouchers Jackson & Brummagin, September 5, 1873, duo October 7, 1873, of board of public works................................................... J. Jackson, September 8, 1873, due October 11, 1873 ..................... Nowman & Middloton, September 8, 1873, due November 8, 1873, board of public works.... ................................. ... N. Dillard, September 9, 1873, demand of board publie of works....-..-.. .R. Haight, Septomber 12, 1873, demand. -......................... W. Bown, September 12, 1873, demand note.......................... George Simms, September 15, 1873, duo October 16, 1873, note............ George Burgess, September 15,1873, doe October 18, 1873, note........... 285 Herman Middleton, September 15, 1873, demand.............................. 200 00 Joseph A. Wilson, September 15, 1873, demand note indorsed Thomas W. Chaseo .......... ..................................... 700 00 Moscs Orr, September 16, 1873, due November 18, 1873, note indorsed Joseph Brooks .................................. 120 00 ....................... 65 00 Boughton & Moore, October2, 1873, due December 31, 1873, note indorsed W . J. Cooke... ........................... ................... 50 00 225 00 Georgo W. Dyer, October 9, 1873, due December 10, 1873, note.......... 500 00 400 00 H. C. Johannes, October 10, 1873, due January 8, 1874, note indorsed W. .................................................. J. Cooke 50 00 100 00 Noah Dillan, Octobor 14, 1873, duo November 20, 1873, note............. 40 00 230 00 R. W. Waters, October 14, 1873, duo November 20, 1873, note............ 150 00 20 00 G. II. Nowman, October 24, 1873, duo November 20, 1873, note......... 25 00 George Burgess, October 30, 1873, duo Novetber 22, 1873, note indorsed .................................... 362 50 B. H. Warner....... 150 00 Charles R. Douglass, October 31, 1873, due January 2, 1874, note........ 270 00 20 00 R. Lobsigor, November 1, 1873, duo November 9, 1873, note.............. 30000 30 00 J. W. Smith, November 1, 1873, duo February 1, 1874; note indorsed D. 50 00 S. Patterson....................................................... 100 00 C. E. Cross, November 1, 1873, duo November 30,1873, on pay vouchers.. 41 )0 400 00 II. E. ulger, November 1, 1873, due November 30, 1873, note............ 45 00 110 00 Thomas H. Willey, November 8, 1873, due December 8, 1873, note in300 00 dorsed Joseph illoy....................................... 40 00 William H. West, November, 8, 1873, duo December 15,1873, note indorsed 20 00 A. R. Fowler......... .............................................. 178 00 120 00 Smolinski & Lyle, November 10, 1873, due December 11, 1873, note and 75 00 sower bond................................... 1,478 47 50 00 W. H. Gunnison, November 11, 1873, duo May 10, 1874, note. ......... 800 00 L. 0. Bowls, November 14, 1873, duo November 30, 1873, on pay vouchers 42 40 300 00 E. H. Stanton, November15, 1873, duo Fobruary 15,1674, on pay vouchers 60 67 John A. Gray, November 18, 1873, duo December 2, 1873, note indorsed W. J. Cooko................................... ................ 82 50 Edward M. Cauby, November 20, 1873, duo December 22. 1873, note...... 200 00 15 00 J. F. Iartigan, 1ovember 22, 1873, due December 24, 1873, note indorsed J. F. Pike............................................................ 50 00 20 00 E. C. Brannon, November 20, 1873, duo February 27, 1874, note indorsed 75 00 G. W. Balloch................................................... 100 00 100 00 A. Wright, November 28, 1873, duo December 31, 1873, on pay vouchers.. 28 00 Luke C. Dillon, December 1, 1874, due February 1, 1374, noto indorsed 125 00 H. S. Wyman........................................................ 93 :13 144 12 M. A. Baker, December 2, 1873, duo December 31, 1873, on pay vouchers 5000 400 00 A. E. Upham, December 2, 1873, due December 31, 1873, on pay vouchers 50 00 James T. Pike, December2, 1873, duoDocember 31,1873, on pay vouchers 75 00 10 00 Georgo H. Newman, December 2, 1873, demand note ................ 100 00 184 00 Charles 1. Douglass, December 3, 1873, duo December 15, 1873, on pay 50 00 vouchers......................................................... 30 00 120 00 M. B. Cushman, balance December 3, 1873, duoJanuary 3, 1874, note .... 20 00 271 55 Keith Smith, December 5, 1873, due January 15, 1874, note indorsed W. E. Mathews.. ............................................. 28 00 Thomas I. Gardner, December 6, 1873, duo February 3, 1874, note in. dorsed George Burgess ............................................ 15 00 50 00 Susan Sommes, December 10, 1873, demand note indorsed Juan Boylo & 500 27 Co.................. .... ............................. 400 00 100 00 C. S. Schermorhorn, December 9, 1873, duo March 9, 1874, note .......... 700 00 800 00 Thomas Gilk, December 9, 1873, due March 9, 1874, note indorsed E. S. 301 00 Laug ......................................... .... .................. 80 00 8550 Joseph Brooks, December 16, 1873, duo February 14,1874, note .......... 100 00 J. W. Douglass, December 18, 1873, duo January, February, March 8, 800 00 1874, notes... .............................................. 300 00 5000 S. J. Carson, December 20, 1873, duo January 31, 1874, pay voucher..... 15 00 J. H. Weirick, December 22,1873, duo March 22, 1874, note.............. 150 00 000 00 M. I. Sikken, December 26, 1873, duo January 31, 1874, pay voucher.... 58 12 2, 000 30 Robert Hatton, December 26, 1873, duo January 29, 1874................. 2 00 20 00 B. H. Warner, December 27, 1873, duo February 22, 1874, notes.......... 250 00 B. B. Warner, December 23, 1873, duo February 23, 1874, notes......... 250 00 400 00 R. M. Hall, December 29, due February 25, 1874, note indorsed D. P. lolloway......................................... 1,701 00 5000 W. C. huppert, December 31, due January 31, 1874, pay voucher........ 3;1 80 25 00 Edward S. Jones, January 3, 1874, due January 31, 1874, pay vonehers .. 90 00 30 00 R. A. Hall, December 31, duo March 4, 1874, note indorsed J. M. Brown.. 100 00 W. A. Widney, January 3, duo February6, 1874, note indorserd E. S. Jones 1,151 00 500 00 Charles R. Douglass, January 5, due January 18, 1874, note indorsed W. 184 09 E. Mathews .......................................................... 49 00 300 00 L. L. Cronpse, January 6, due February 10, 1844 ....................... 203 :18 L. L. Crounse, January 6, due April 10, 1874 .......................... 263 38 9, 000 00 Charles White, January 6, duo January 14, 1874, note indorsed W. J. 280 00 Cooke............................................................ 225 00 100 00 A. Y. Leech, January 6, due January 22,1874, note indorsed W. J. Cooke. 50 00 E. F M. Faohtz, January 6, duo March 3, 1874, note indorsed W. J. Cooke.................................. .............. .. ....... 1,800 00 224 00 1, 800 00 Emma Arthur, January 6, duo January 21, 1874, pay voucher ........... 60 00 Maggie Ouram, January 6, duo January 31, 1874, pay voucher........... 50 00 30000 J. T. Corliu, January 6, 1874, duo February 4, 1874, noto indorsed T. A. Conrad............... ................................... 50000 1,000 00 George W. Smith, January 6, 1874, duo March 5, 1874, note indorsed W. E. M athews .......................................................... 88 75 200 00 500(0 William E. Mathows, January 7, 1874, duo January 21, 1874, note........ 25 00 150 00 Sallio Harrison, on pay vouchor, duo January 31, 1874.................. 70 00 F. W. Moffat, on pay voucher, duo January 14, 1874...................... 35 00 25 00 A. C. Adamson, T. H.Marston, February 11, 1874....................... 35 00 W. Waller, A. McIntosh, February 11, 1874............................ 500 00 F. W. Moffat, February15,1874.......................................... 300 00 1,000 00 Albert McIntosh, G. Brooks, W. Chase, February 11, 1874............... 370 00 F. H. Williams, L. Scott, March 10, 1874 ............................... 475 00 700 00 SW. J. Cooke, March 17, 1874 ........................................... 1,413 85 Robert J. Fleming, March 12, 1874...................................... 35 00 ............. I, 000 00 M. Haynes, pay voucher, February 15, 1874.......... 140 00 300 00 SJ. A. Gray, George Tyler February 17, 1874........................... 90 00 50 00 SE.L. Lambie, T. L. Lamb, February 17, 1874........................... 55 00 55 00 SJ. W. Cole, W. E. Augusta, February 17, 1874 ...................... 55 00 75 00 SJoseph Wyman, H. S.Wyman, February 3,1874........................ 40 00 128 01) Mary S. Smith, pay voucher, January 31, 1874..... ............... 66 66 20 01 Arthur Simmons, February 17, 1874 ..... .......................... Arthur Simmons, March 17, 1874 ...................................... 60 067 G7 6600 550 00 A rthur Simmons, April 17, 1874 ........................................ 29 11 60 0 ) Joseph Brooks, February 16, 1874....................................... 00 O0 10 00 John H. Simpson, pay voucher, February 15,1874...................... 500 00 Joseph W. Brooks, T. W. Chase, April 0, 1874......................... 486 08 1,117 53 William E. Mathews, paid, due, February 4, 1874 ....-............... 394 00211 0(0 Brooks, Chase &Co., April, 1874................... ............. 52 00 30 0(0 W. H. Milstoad, W.. Cooke, March 21,1874........................... 200 00 150 0(0 W. J. Purman, 1,000 Florida sixes, February 20, 1874..................... 500 00 200 0(0 George T. Langley, C. A. Langley, April 24, 1874-........................ $481 25 800 00 297 68 APPENDIX TO THE CONGRESSIONAL RECORD. 286 $50 CO Thomas TW.Chase, February 23, 1874.......-............................ (CtlfrtrdAnich, Jainuary 4, 1872, on real-estate notes..................... 3,000 00 500 00 I .1I. Warn-r, fMarclh 13, 1872, real-estate notes .......................... 227 79 works...... ,publlic Newman .& Millietona, Ji,ly 8, 87, certificate board Vashl. T. Hllum, Novembur 5, 1872, note, 500 Capital publishing company ....... being printed. The debts at the branches reported estimated to be bad and doubtful by the examiners. are $302,669.05. Out of the total amount of $373,621.64, there are claimed as good and first-class debts only $42,571.80. We have now the following data, furnished by the 200 00 various examiners, from which to deduce the report that should have 600 00 been made by Mr. Meigs. Total resources, $3,227,510; bad and doubt200 00 520 00 ful debts admitted by Meigs in his report, $106,500; bad and doubtful 400 00 debts at the branches according to the sub-reports, $302,669.05; add 200 00 claim of C. A. Woodward, cashier, at Mobile, Alabama, $3,375. 3, 000 00 These give a total of $412,544.05 of bad and doubtful debts, making 3,000 00 1,602 37 the net resources $2,814,965.95. The liabilities, according to the ex- Lock Company, (worthless).................................... 3,600 00 $218,000, but of $523,930.20, out of the three millions of reported re- stocik.... . ...... ... .... .. .....- .. . ...--. .. It. Cr(bi, January 2, 1873, on $1,000 Northern Pacific Railroad bond. W. A. Fitll'llll, February 18, 187:3,real estate ..................--....--.. WV.N. J. Sterling, March 31, 1873, real-estate notes .................... ..................... F. S. Lamson, April 12, 1873, note Indorsed ....... 31. . White, treasurer, July 8, 1873, on Congregational church boid.... J. V. W..Vandenburgh, July 26, 1873, certificate board of public works.. i......... George Taylor, January 12, 1874, note ildorsed It. J. F1leming .--.--- -Sundry smnall notes, balances of note'duo.................. aminer, are $3,338,896.15; the deduction is a deficiency, not of W. S. Iauntington, F,eruary 21, 1872, on seventy shares American Seal RICALrr'ULATION. Total amount of loans on sundry securities..............................535,160 56 CHARILES A. MEIGS, NationalBank Examiner. ,ANUARY24, 1874. On.o iu a schedule of loans on "sundry securities" made by the Frcedman's Savingsaud Trust Company, covering twenty-seven pages of legal cap. Another is a schedule of loans by the Freedman's Savings and Trust Company, Washington, January 26, 1874, purporting to bo made on "real" property, and covering fifty-nine pages of legal cap. Inthatlistof "real-estate securities,"amountingto$1,473,226.55, le has classed as real estate the following, (I hope the House will mark his inaccurate classification:) "Sundry" securities listed as "real estate" by the examiner. T. Roesslo & Son, November 22, 1870, page 6, real-estate schedule; $28, 000 00 chattel mortgage on furniture and fixtures in the Arlington house. WV.P. Drew, received reot of 0. O. Howard, 'February18, 1871, page 9, real-estate schedule....................................---- ......... Elizabeth Barrett, September 10,1872, page 46....................... Mrs. M. J. Ifunt, notes, August 20, 1873, page 56.................... Mrs. M. J. Imt, notes, August 16, 1873, page 56.................... James D. Burke, notes, August 28, 1873, page 56.......--.............. C. If. Underwood, notes, November 1, 1873, page 57 ................ 400 00 800 00 1,000 00 2,000 00 300 00 J. E. Zl g,. notes, November 10, 1873, page 57........................ John B. Bloss, notes, November 10, 1873, page 57.................... 1, 100 00 1,370 70 600 00 J. W. Barker, notes, November 10, 1873. pago 57 ..................... 150 00 Georgo Angoimann, snotes, November 10, 1873, page 57 .............. J. 11. 0. Carnml, notes, Novemiber 10, 1873, page 57 .................. Charles B. Beall, notes, November 10, 1873, page 57..... ......... 250 00 475 00 450 00 Mary J. Warnor, notes, November 10, 1873, page 57.................. 1,170 00 Samuel E. Smoot, notes, Novomber 14, 1873, page 5S................. 2, 600 00 Georgo T. Armes notes, November 18, 1873, page 58................. George H. Simonds, notes, December 22, 1873, page 58............... 1,900 00 1, 000 00 Aaron Jones, notes, November 10, 1873, pago 57...................... It. G. Jacobs, notes, November 10, 1873, page 57 ..................... F. D. Lofttus, notes, November 10, 1873, page 57 ..................... Itobert IT.West, notes, November 14, 1873, page 58.................. Robert T. Fleming, sundry, January 12, 1874, page 58................ Clement Morgan, notes, January 20, 1874, page 59................... James M. Lattn, trustees' notes, $3,500, January30,1873, page 59 .... I. R. ICight, Memphis branch, Arkansas scrip, May 6, 1872, page 59. Total" sundries" listed as "real,"............................. These subtracted from total "real," as given by Moigs ........... Leaves total "real securities"....................................... 600 00 300 00 150 00 1,700 00 26, 000 00 350 00 3,500 00 1,700 00 77, 866 70 1, 473,226 55 1,389,269 41 These "sundry securities," which are admitted to be totally illegal, without a shadow of law to warrant them, amount by the statement of the examiner to $535,560.56. If the House desires closer acquaintance with the character of some of those loans, let the members peruse the list which was presented in the earliar part of the arguiment. The total loans, for instance, to Vandonburgh, one of the prominent contractors for District improvements, whose name is well known to those acquainted with District affairs, are $144 164.83. The collaterals in this ease consist of District of Columbia 8 per cent. bonds, $95,250, face value; auditor's certificates $61,262.94, face value; and acceptances of Magruder, the treasurer, $6,500; total, $163,012.94. Now, if we take the figures given by Inspector Meigs, and these schedules of real investments and sundries, we have this total: for real estate, as given by him, $1,473,226.55; loans erroneously entered "sundries," $77,866.70; real total, $1,395,359.85. The total sundries given by Moeigs are $535,560.56, less American Seal Lock Company's stock, $1,289.50. Moigs's total of sundries in illegal securities, then, is $534 271.06. Add to that what hlie erroneously classes as real estate, $77,866.70, and we have as the amount of illegal assets hold by that bauk $612,137.76, out of a total of assets of but a little over $3,000,000. And now come the errors of omission to which I call the attention of the House. Moigs makes in his report a deficiency of $217,866.15, having before him but four reports of branches. I recall to the attention of the House the reports of the branch examiners before set forth. There will be found in them the following statements. At Memphis, Tennessee, discounts and overdrafts $67,931.99. At Little Rook, Arkansas, overdrafts, $1,022.58. At Wilmington, North Carolina, there are reported short and overdrafts $5,774.17. At Beaufort, South Carolina, short loans and overdrafts, $141,423.82. I call especial attentionto'tho character of the transactions at this point. At Atlanta, Georgia, overdrafts, $161.90. At Jacksonville, Florida, loans and overdrafts, $128,891.84. At Montgomery, Alabama, $28,380.79. At Nlashvillo, Tennessee, $3,155. Total at twenty-two branches, loans, short, and overdrafts, $373,621.64, not included in Meigs's statement of loans furnished to this House, but included in the reports of the branch examiners which have been sent in from time to time by the Comptroller of the Currency, which I sought to have printed, but which members pf the Committee on Banking and Currency prevented from sources. But the bad debts as given by the examiners are only $106,500. I ask the House to look for a moment at this list of sundry securities and see how near the truth he came. I find, to begin with, on page 2 a loan of $3,250 to Joseph B. Stewart, loaned March 14, 1871 on $5,000 Union Pacific bonds in the hands of H. G. Fant; bonds in suit as to ownership. I find on the same page $74,000.91 to the Central Branch of the Union Pacific Railway, balance of their note of $175,000 of August 17, 1871, secured by contract for sale of portion of the Kickapoo reserve lands, Kansas. Bonds of A. S. Barner, R. M. Pomeroy, and E. H. Nichols, interest paid to December 12, 1872, last payment on account May 19, 1873, $7,500; lands sold on one to ten years' credit, about one hundred thousand acres. On page 3 I lind §50,000 to Hallett Kilbourn and John O. Evans, January 2, 1872, on $75,000 second-mortgage bonds of Maryland Mining and Manufactiuing Company, that I am told are not worth a cent at this date. Here are two items alone of $124,000. And yet the examiner comes in hero with his statement that the amount is $106,500. I find further, on the next page, James C. Kennedy, March 29,1872, .on $20,000 Maryland Mining and Manufacturing Company's bonds on demand, no interest paid, $12,000. I find on page 4 $1,289.50 loaned on $7,000 stock of American Seal Lock Company, a corporation which has no existence at all, and on $5,000 Metropolis Paving Company, also defunct. I find on page 10, F. W. Brooks, April 18, 1873, $5,500 loaned on $12,500 stock of International Steamship and Railroad Supply Company, no interest paid and not worth a cent. Page 7, $3,000 to S. C. Pomoroy on demand. Page 10, March 1, 1873, "$3,000 to Iallett Kilbourn, on note National Junction Railroad Company, $2,950 and interest, H. Kilbourn, president, past due, no interest paid," and other similar items. So far from Meigs being correct in his estimate of $106,000 for bad loans in Washington, he should have made the amount at least $165,540.41 by his own reports. The account therefore.is: Total resources, (examiner's figures)................................ $3, 227, 510 00 Bad and doubtful debts at Washington.................. $165, 040 41 Bad and doubtful debts at branches..................... 302,669 05 3,375 00 Claim of C. A. Woodward, cashier at Mobile, Alabama.. Total bad and doubtful........................................ 471,084 46 2,756,425 5 Leaving net resources........................................... Liabilities, examiner's report................... ................... 3, 338,896 15 582,470 61 Deficiency ..................................................... Or one dollar out of six. But in arriving at the present condition of the bank, account must be had of the resources not wholly bad, but totally unavailable to meet emergencies: UNAVAILABLE. Arlin"ton Iouse furniture, page 6, real-estate schedule............... $28, 00 00 1,500 00 Rock Creek Church bonds, page 23, real-estate schedule.............. .. Fifteenth street Baptist Church, page 26, real-estate schedule-......... 10, 000 00 3, 000 00 Vestry Rock Creek Church, page 46, real-estate schedule.............. 7,000 00 Trustees Fifth Baptist Church, page 46, real-estate schedule........... 75,000 00 Howard University, page., real-estate schedule. ...................... 130 shares Young Men lsristian Association, approved bills against colored-school trustees, Yd 4,055 real-estate notes, page 58, real-estate 26,000 00 schedule............................................................ .................... 150,500 00 .................. ... Total ................ To this must be added the difference between the total loan to Vandenburgh, contractor, of $147,164.83 and the present value of $166,012.94 collaterals, estimating District of Columbia 8 per cent. bonds at eighty cents and public-work certificates at 331 per cent. Making a total of 197,877 59 "unavailable" to-day of........................................ SUMMARIIY. Not resources, as previously stated................................. Unavailable........................................... 2,756,425 54 197,877 59 Available........................................................ Liabilities........................................................ 2,558,547 95 3,338,896 15 Deficiency............................ 780,348 20 Or nearly 25 per cent. In arriving at the above result, no account has been taken of such investments reported by Examiner Meigs, appearing on the books in Washington, as for instance: F. W. Osborn, Florida, page31, real-estate schedule.................... $2,500 00 Nashville Branch Colored Agricultural Mechanical Association, Tennes........................ ..... 4,000 00 see, page 37............................ Samuel Suit, Prince George's County, Maryland, page41............... 24,000 OG. 10,000 OQ DoglassInstitute, Baltimore, Maryland, page 41........... ......... Odd-Fellows' Hall, Alexandria, Virginia, page 44 .................... ],00000O 1... APPENDIX TO THE CONGRESSIONAL RECORD. I St. John's Chapel, Alexandria, Virginia, pag.e 52....................... Gcorgo. W. Mason, Now Berne, North Carolina, page 53................. Tholmas Ewing, jr., Topeka, Kansas, page 53............................ E.r.Knight, Meou his. Arkansas scrip, page 59....................... Frank Qartles,'ulton County, Florida ............................... Total...............................--------.....-------------..............------- 2.500 1,250 5,890 1, 700 1, 000 00 58 78 00 00 53,1 30 Nor has there been opportunity to examine the appraisements upon which loans have been made, many of which a cursory examination of the descriptions shows to have been excessive and far beyond the market value; This excess ought to have been taken into account by the committee in making an exhibit of the actual present condition of the company, and is alluded to to show how far the estimated unavailable and doficieucy-$780,348.20-must fall short of the actual amounts. [Here the hammer fell.] Having disposed of the questions involving the accuracy of the examiuner's estimate of the present condition of the bank, I pass to that of the bank in the matters of cash and United States securities, and will show a deficiency in those items from the amounts required by the law to be held of more than $1,200,000. March 10, 1874. Meigs's total real securities, (my correction)........ Meigo's total sundry securities, (my correction).... 389, 269 $1, 618,228 41 20 2, 007, 497 61 Real estate. Value of branch banking-houses........... Ieal estate. Value of Washington banking-house....... $165, 374 38 313, 218 206 478,592 64 Total securities and real estate.................................. Loans, short and overdraft, at twonty-one branches, not included in examiner's statement............................................---. 2, 486, 090 25 Total loans, short andoverdraft, andreal estate counted as assets. 2, 859, 711 89 373, 621 64 Total assets of bank examiner's report................:.............. 3,227,510 307, 798 Total cash, parent office and branches, and United States securities.. Eleven branches to be hoard from. Cash on hand at various branches, as per statemcnts of the examiners. $23, 032 Washington, District of Columbia, February 14, 1874 ................. 18.075 New York, Now York, March 4, 1874 ............................ 4, 488 Baltimore, Maryland, February 18, 1874............................... 800 Richmond, Virginia, February 21, 1874................................ 7,738 Norfolk, Virginia, February 24, 1874................................... 2,940 Saint Louis, lMissouri, March 13, 1874.................................. 3,281 Memphis, Tennessee, March 20, 1874................................. 3, 252 Louisville, Kentucky, March 9, 1874................................... 1,878 Lexington, Kentucky, March12, 1874 ................................. 3,926 Little Rock, Arkansas, March 31, 1874 ................................. 2,176 Wilhuington, North Carolina. March 13, 74........................... 9,531 Charleston, South Carolina, March 16, 1874............................ 3, 603 Beaufort, South Carolina, March 21, 1874............................. 949 Macon, Georgia, April 10, 1874 ......................................... 3, 873 Savannah, Georgia, March 24, 1874.................................... 4,689 Augusta. Georgia, April 3, 1874 ..................................... 1,012 Atlanta. Georgia, April 8, 1874 ....................................... 11,429 Jacksonville, Florida, March 18, 1874................................ 10,327 Mobile, Alabama, April 25, 1874....................................... Montgomery, Alabama, February 23, 1874, (closed)................... 880 Huntsvillo, Alabama, April 23, 1874................................... 1,328 Nashville, Tennessee, April 8, 1874.................................... Total ......................................... 00 11 42 00 22 17 07 03 58 58 84 15 11 17 24 14 27 66 28 87 38 66 88 119,214 65 Twelve branches to hear from, including New Orleans , Alexandria, Virginia; Columbus, Mississippi; Columbia, Tennessee; 1Lynchburgh, Virginia; Natchez, Mississippi; New Borne, North Carolina; Philadelphia; Raleigh, North Carolina; Shreveport, Louisiana; Tallahassee, Florida; Vicksburgh, Mississippi. These twelve at date of examiner's report had deposits amounting to $650, 423 00 Outof a totalof ................................................ 3,299,201 00 If cash were held by them in thie same proportion as in the other twenty-two, thie amount would be, (estimated) .................... Which added to reported in twenty-two cases ...................... , 273 00 119, 214 605 Would give total cash at branches ............................... Subtract this amount from........................................ 148, 487 65 367, 798 11 And there remains, as the maximum possible, of United States securities and cash held by the parent bank .......................... According to the law there should be.............................. 219,310 46 1,669,448 07 These flagrant violations of law were made with deliberation and in the face of the warnings of the watchful Comptroller of the Currency. . On the 23d of February, 1873, (Senate Miscellaneous Document No. 88, Forty-second Congress, third session, page 2,) in his report, that officer uses the following decided language: From this statement it will be seen that the total amount of deposits at that date was $4,008,042.34. The bills payable were 8460,000. Thie bank holds $718,050 of United States bonds, a portion of which have been pledged as collateral security for its bills payable. The bank also holds Washington City securities and claims against the board of public works amounting to $54,175.63. Its loans upon real estate, chiefly in the city of Washington, amount to $1,794,478.05. Loans have also been made upon vouchers of the board of public works amounting to $189,000; upon chattel mortgage, $37,000; and upon other collateral and personal security to 2 6 the amount of $ 50, 53.40. The security for loans upon real estate is generally estimated to be good for the amount of the loan; but a large portion of these loans have been made upon security not equal to twice the value of the loan, as required bylaw. It is claimed that the loans upon vouchers of the board of public works, upon chattel morteage, and upon personal security are authorized by section 6 of the act albove quotes. Many of the securities upon which these loans are made are be- _ _ 287 lioved to be worth the amount of the loan. ThI value of other securities Is not known, and other additional loans seem to have been made upon the security of promissory notes rather than upon the collateral security held by the bank. Only a small portion of these investments can be considered "available " for the purpose of raisingmoney in the market to meet the unexpected calls of depositors, and it is believed that it w>s not the intention of the actof incorporation to authorizo investments of this character. The ollicersaud trustees of thoiustitution lhave violated the act under which it was organized by establishing branches in tlhe diflerent cities of the Union, by purchasing real estate and erecting buildinus. by loaning monoey upon real estate of less than one.half of the value of the lo;in. by loaning 'nouoy upon collateral security not ihumediately available for the payment of de sosits, and by borrowing money. The rate'of interest offered to depositors for some time past has been 6 per cent., and it is believed that the undesirable loans hold by the bank have been made, to a largo extent, from tihe desire of tihe trustees to invest as speedily as possible the funds of depositors at lhigh rates of interest. Section 6 of the act under which the bank was organized should be amended so as to prevent investments beiii made except upon securities of well.knownmarketablo values. The branches of tlie bank, if they are to be continued, should also be authorized by act of Congress, and t lie rate of interest to he offered to depositors should also oelinmitedby law, and t lio bank required to accumulate a surplus to provide againstfuture losses. The act under whicih thoinstitution was organized was evidently drawn without eulticient consideration, present law reand it is suggested that a new organization act bhepassed and tihe pealed. With proper legislation and necessary restrictions the banik would lie able to correct the mistakes already made, to retrieve its present and prospective losses, and be enabled to continue a business of great usefulness to the class of de. positors for whose benefit the institution was organized. Examiner Meigs, in his report February 5, 1873, which forms part of the document, (page 9,) says: The question of the improvement of their lands in Washington City seems to be clearly a violation of their charter, and is submit ted without further commuent. The funds of the institution are loaned in sumns of fifty to fifty thousand dollars, and these loans are widely spread as to location and d'iversilicd as to elinmctr-. The majority of the security for the loans upon real estate is located in the District of Columbia. Many of the loans are of a character that should not appear upon the records of a savings-bank, and will finally result in somenloss to the institution; but the probable amount of such ultinmato loss it is very difficult to determine at this timeo. A more full inquiry as to values in certain cases is now hiprocess, the result of which will bhecommunicated in duo course. The executive officers are, in my opinion, men of the most undoubted integrity of character, devoted to the best iunterests of the institution, working for snmll contpensations, and have educated themselves to the practical knowledge of the business of a savings-bank to a degree that promises a prosperous future for the institution. I would respectfully suggest the repeal of all the present laws under which savings-banks of the District of Columbia are now doing business, and which admit by inference, if not directly, of such wide departures from tilheline of safety in the pursuit of undue profit in the use of the sacred funds conunitted to their charge as ave passed ulnder mv observation in my present examination of all tile savingsbanks of the city of Washington. Notwithstanding such decided official warnings, these officers of "undoubted integrity of character," who had " enucated themselves to the practical knowledge of the business of a savings-bank <o a degree that promises a prosperous future for the institution," "in tlhe use of the sacred funds committed to their charge," deliberately con- tinled in a policy publicly branded as illegal lland dangerous. Of the total loans to Vandenburgh, the contractor, amounting to $184,989.62, $92,127.21 were made after the date of the above report, February 5,1873, and of the list of twenty-seven pages of loans on" sundry securities," eighteen pages, or two-thirds, are of that class made after the same date. I leave to men who believe in strict adherence to law and safety in the management of a " sacredt trust," involving the scanty earnings of tlhe classes wiho toil with their hands for daily bread, and to all meon who think thiat faith should he kept, oven with a poor negro, in the promises made to him to induce him to put his savings into others' keeping for use, how far the managers of this bank deserve the apologies made for them by the gentlem.an in charge of the bill. So far as security to depositors is concerned, the bill provides for nothing that was not already fully covered by the old laws, except the single clause limiting the amoutnt of any one loan to $10,000. The section copiedfromnl the national-bank act elaborating vengeance for the petty clerk or branch cashier does not guard against the real danlittle fishes. ger to the depositor. As usual, the not is spread only for tlhe The insolvent condition of tlo bank to-day is the result not of pilferings and embezzlements by potty clerks, but of investments and management of funds made in the teeth of the present law, by gentlemen higher up in the scalethan thecommittee'sbill reaches. There is in the now bill not an additional safeguard against a willful violation of law. There is no machinery for punishing itf; there is no provision, as in the case of national banks, enabling the sworn officer of the Government on behalf of the people to stop in and protect tlhe interests of the people; there is no contrivance by which depositors can ever attain knowledge of the condition of affairs of the bank. The Comptroller may examine and report; but he has no power to act, and his reports are never to see the light. And, finally, when the affairs of the concern are clearly desperate, instead of placing tlheum, as in the case of other banks called into life by acts of Congress, in the hands of the Comptroller of the Currency, the representative of the power of the people, they are given without check or restraint for final disposition to the very men who have already been proved false to their trusts, and already have squandered a half a million of poor men's savings upon "rings" and "favorites." Verily, the kindness of the friends of the managers of this bank for the poor negro is akin to that for the wolf as against the lamb. I desired to make an argument against the constitutionality of tlhe clauses recognizing and legalizing branches, but I have only time to indicate it. 288 APPENDIX TO THE CONGRESSIONAL RECORD. ___~ It 1hs been clearly decided in McCulloch vs. State of Maryland (4 Whoaton) that the United States has no general power to charter a corporation, but can charter one only so far as it is a means toward executing one of the declared powers of the Constitution and subserves some purpose of the Government. This decision is in accordance with the reasonings of the leader of the federalists, Mr. Hamiltoim that of Judge Story in his Commentaries, and has been adhered to in all subsequent decisions. This bank is a charitable institution, snbserving no purpose of any expressed power of the Government, and having no relationship to the national-banksystem. So much of the net, therefore, legalizing operations outside of the District, within the limits of sovereign States, is clearly beyond the pale of the Constitution, and void. I can only express my surprise that a prominent member of the party, professing jealousy of State rights almost as a religion, should have consented to assume the responsibility for mich attempts upon State rights as is made in this bill. In conclusion, I maintain that this bank cannot be propped up by any legislation. It is an edifice with crumbling walls and undermined foundations. A prolongation of its existence is not kindness but cruelty to the present depositors and the colored people in general. The longer the day of its dissolution is put off the larger will be the number buried under its ruins when the inevitable crash shall comni. The fact that, since the resolution of inquiry introduced by me, and referred by the House, at my request, to the Committee on Banking and Currency, a groat change has been made in the personnel of the officers of this bank, only appeals more strongly to my sympathy and makos me redouble my efforts. Theso new men, inexperienced in matters of finance, knowing nothing of and unknown to the moneyed world, have been put in charge of a ship, with timbers eaten through by worms, and canvas rotten with the mildew. In the first rough sea their craft will go down, bearing with it their roputations and the precious froight, the "sacred fund," of the poor people of the South. I await with calmness and confidence the judgment of that day to decide between myself and the supporters of this bill, as to who was the true friend of the colored man. national industries, and to this great end the two sections should be brought as near together commercially as possible. The granaries of the West and the markets of the East must be made accessible each to the other. Mr. Speaker, this country is yet in its youth; has hardly attained its manhood, and now in my judgment is the time and the occasion to provide for its proper development and full age. Then in its wet day it will take no harm, panics will be unknown, and the cry for more currency never uttered. Sir, I fear the people, especially those of New England and the At- lantic Stateshavenot yet stopped toconsiderthisgreatquestion. They do not seem to realize its importance or the magnitude of the benefits which must result from its favorable solution. The West has for many years been talking, working, and holding conventions in the interest of cheap transportation, while the East has been comparatively unmoved. I say the West is awake, and so she is; and yet thus far this session all she has offered on this floor is the so-called McCrary bill. To me this is but an apology. Its relief is too weak, too doubtful, and too short-lived; and if here I should probably have voted for the bill, because if, as its friends believe, it is to be a benefit to the producers of the West it must be of value to the people of the East. If it will reduce freight charges from the West to the Atlantic, it must do the same from Vermont to her markets. But that it is to answer the demands of the country I do not believe. That it is to be the groat panacea for all the troubles and complaints of the farmers of the West it seems to me cannot be true, and for these reasons: First. The board of commissioners created by the bill must be a political board, and you at once bring the railroads and producers into a war with each other on the question of "who shall control the appointing power. Second. If the railroads are not allowed by the board of commissioners what they believe to be reasonable rates, or are allowed more than the shippers think reasonable, appeals will be taken to the courts, and we have the whole matter tied up in litigation by suits' at law, bills in equity, and injunctions for years. This will occur first in one State and then in another, and before the questions can be settled 'and the law brought into full power it will have lost its force and will fail in its purpose. Third. The natural tendency will be, as I have said, to bring on a Cheap Transportation. SPEECH OF HON. GEO. W. HENDEE, OF VERMONT, IN THE HOUSE OF REPRESENTATIVES, May 19, 1874. The House, as in Committoo of the Whole, having undor consideration the President's annual message-Mr. HENDEE said: Mr. SPEAKEin: Very much has been said during this session by eminent gentlemen upon this floor on the question of cheap transportation, but it scoms to me that the subject has not yet been exhausted or boon considered in its most important relations. And it is not my present purpose to discuss the question so fully as its importance warrants, but I shall do so at some future time, when the subject is before us in a more definite form. To my mind the proposition which has brought out so many able, earnest, and instructive, speechcs, is not the one which can bring that substantial and permanent relief now demanded by the producing and other commercial interests of the country. I believe we should be very cautious about embarking in any project which can bring about only temporary and partial aid. Our country is broad and possesses unlimited wealth. Our Governmuent is substantial; the people are intelligent, united,and liberal, and as their representatives they cannot afford to have nor do they expect us to take narrow views or adopt insnfficient and doubtful measures upon subjects of such national importance. This great question settled as it should be is settled for all time. No half-way measures that shall be adopted by us can or will satisfy the people, and such moans must fall far short of mooting the demands of the producers of the West and the consumors and manufacturing interests of the East. The consumer must have his breadstuffs at reasonable prices, and the producer must in order to continue his work receive ample profits. Our country is a live, progressive country. It is not vigorous and healthy to-day and dead or dangerously diseased to-morrow. Enterprise has no stand-still, but is continually moving and demanding more room. The great West does not one year produce a war as to which party shall control the appointing power, and the contest will not stop there, but will go back into the elections of Legislatures, judges, and other officers of the law, and while this is going on the law will furnish no relief. And such strifes rfully boliove would be injurious to the best interests of the railroads, and to the producers as well, and put off too long the day of permanent cheap transportation. Again, suppose the McCrarybill, if it should become alaw, did furnish all the relief its friends have promised, still it will come far short of the requirements of this growing country. And why ? It is admitted that the railroads are transporting the productions of the West and the merchandise of the East between the great distributing points, Chicago and Saint Louis and the Atlantic, at nearly as low rates as they can afford to; and yet it cost to ship a bushel of wheat from Chicago to Boston by rail in 1873 about forty cents and at this price there is but little profit to the producer, and this of course.is the cause of his complaint. Now, sir, the McCrary bill will not remedy this, because no commission would compel the railroads to carry freight at less than cost or without a profit. If they did it would kill the railroads, and when you do this you ruin the producer. In my judgment neither can exist without the other. Abuses should be corrected, monopolies broken up, combinations and unjust discriminations prevented, and differences adjusted; and to this end the McCrary bill may have some utility if it can be justly executed. But the question is, will it cheapen transportation where most needed, between competing cities in the West and the Atlantic9 I think not. But it may be said the bill will regulate railroad freights between Chicago and points West and South, and between Saint Louis and points West, and between local points in different States that do not have the benefit of healthy competition; and this I think should be the extent of the claim of its friends. But, sir, the producers of the West cannot afford to wait until their war growing out of this bill, if it should become a law, is ended. They should seek another remedy with all consistent speed. And what is that remedy f I answer, one or more great wa4er-routes from the Mississippi to the Atlantic. On the 16th of December, 1872, the Senate of the United States adopted the following preamble and resolution: Whereas the productions of our country have increased much moro rapidly than the moans of transportation, and the growth of population and products will in the near future demand additional facilities and cheaper ones to reach tide-water; and whereas in his recent message the President of the United States invites the attention of Congress to the fact that "it will bo called upon at its present session to consider various enterprises for the more certain and cheaper transportation of the constantly increasing westernandsouthern products to the Atlantic sea-board," and further says "the subject is one that will force itself upon the leislative from its manufactories, and furnish her with her groceries and luxu- branch of the Government sooner or later, and I suggest therefore that immeitle and just to gain all available information to insure ries from its markets, and each with profit to itself. Legitimate diato steps be taken * * I would therefore suggosteithor acommitteo or a commission wealth and not poverty should be the result of these sectional yet legislation; to be authorized to consider this whole question. and to report to Congress at some given amount of cereals and the next year a less quantity, but since settlements commenced in that land of harvests productions have annually increased, and must for all time to come. At the same time the demauds of the oastern consumer and those of foreign countries will still exist, and will increase in proportion. The West must feed the East from'its fields, and the East in turn must clothe the West