lieve that that was the best way to close up the bank. This opinion was adopted on mature deliberation.

About sixty dollars in specie belonging to the bank was delivered to said Fraser as assignee.

On or about the fourth day of August instant, said Bank of Saline issued post notes of five thousand dollars each, to the amount of twenty thousand dollars, for the purpose of negotiating a loan to that amount. These notes were payable at the Phoenix bank in the city of New York, in one year from date, with interest, and were endorsed by individuals in Michigan, and were sent to Lyman A. Spalding of Lockport, in the state of New York, but they have been sent for, and it is expected they will soon be returned. Nothing was ever received by the bank for them. They were not endorsed by a Bank Commissioner. They were received by Lewis Godard at the bank of Saline for the purpose above stated.

Some four months since, the bank sent to Lyman A. Spalding, bills of the Bank of Saline amounting to fifteen or twenty thousand dollars, which were in sealed packages, and were to remain sealed, as collateral security for certain drafts which were to be made by the bank on said Spalding, for the purpose of redeeming bills of the bank. Drafts to the amount of about ten thousand dollars were made by said bank in accordance with such arrangement, but deponent does not know whether any thing has been paid on them by him or not. Deponent does not know whether the bills last above mentioned were entered on the proper books exhibiting the amount of issues of said bank or not, nor does he know whether the same were exhibited in any manner as issued, on examination of the affairs of the bank by a Bank Commissioner.

Deponent believes that there is no charge or other evidence of debt against Lyman A. Spalding on the books or among the papers of said bank.

At the time of said assignment, there was in the hands of Lewis Godard for exchange purposes, seventeen thousand dollars in bills of the said Bank of Saline. Deponent believes that the amount is now secured by endorsed notes. Deponent does not recollect whether this amount was entered among the circulation of the bank or not, nor does he remember whether any charge was made to said Godard of the same on book. This advance was made to Mr. Godard by votes of the directors in December last, according to deponent's best recollection.

On the day of the assignment aforesaid, by vote of the directors, said Lewis Godard was permitted to take from the bank five thousand dollars in bills of the River Raisin and Lake Erie Railroad company, and to substitute for the same his own paper with good endorsers for the amount, payable in four months, with interest. S. FINCH. Subscribed and sworn to before me this 31st Aug. A. D. 1838. A. FELCH, Bank Commissioner.

(No. 5.)

Lapeer Bank-Affidavit of Cashier.

BANK OF LAPEER,

March 13th, 1838.

}

The capital stock of this bank is fifty thousand dollars. The books of subscription were opened on the 19th day of October, A. D. 1837. At that time the whole amount was subscribed, and on distribution of the stock, the ten per cent on the several shares was paid in specie. Some of the subscribers did not pay in their full amount, but others overpaid, so that the ten per cent on the whole stock was paid in. This was paid in as the property of the bank, but a part was withdrawn by the subscribers and paid back to them. The bank went into operation on the 6th or 8th of December last, previous to which time the full amount of thirty per cent on the capital stock was paid in ; a part of the amount was in gold and silver, but the greater part of it was in specie certificates, issued by the Farmers' and Mechanics' bank, at Detroit. There was but one specie certificate, and the amount was applied on different subscriptions of stock. The certificate was obtained, and brought forward by Aaron Goodrich. This certificate was in the bank several weeks, and was finally withdrawn and taken away by said Goodrich. The amount of the certificate was fifteen thousand dollars. There was at the time the bank went into operation, I think, less than one thousand dollars. The certificate was taken away by Goodrich on or about the 12th or 31st day of January. No entry of the certificate on the books of the bank now exhibited, was made; but on a small book the amount of checks drawn by said Goodrich was made and entered, but I cannot say that any entry of the certificate was then made by me. That book was handed over to the present cashier, D. S. Cady, and I have not seen it since Mr. Cady left Lapeer. I think no entry was made on the books, and no paper or draft received from said Goodrich when he received the certificate of deposite. Said Goodrich also, at different times, received on his own individual check the bills of the bank to the amount of forty thousand dollars, or thereabouts, for which nothing had been received by the bank when I resigned as cashier. He had, however, a small bill for services, &c., against the bank, amounting to a sum less than a thousand dollars, as I should think. Said Goodrich was a director, and took the bills for the purpose of exchange. While cashier, I bought some gold and silver, which went into the bank-the amount was small, cannot say how much.

I was cashier from the commencement of operations until the twelfth day of February last, and Mr. D. S. Cady was appointed cashier. Mr. Norman Davison was appointed president when it

went into operation, and sold his stock and resigned on the first day of February last. Mr. J. T. Benedict is now president.

The issues of the bank while I was cashier, amounted to sixtyfour or sixty-five thousand dollars, including bills in the hands of Aaron Goodrich and H. H. Brown & Co.,of Detroit, for exchange. The amount of discounted paper was twenty or twenty one thousand dollars. None of the issues were destroyed.

After the thirty per cent was paid in, there was an understanding that the stockholders might draw out on their own checks to the amount of their capital paid in, in the bills of the bank. Many of them did so and I was afterwards directed by the directors to obtain for the advance to them their notes with endorsers. I obtained notes covering the amount of such advances, with security. These notes are a part of the discounted paper above mentioned.

I left with H. H. Brown & Co. twenty-five hundred dollars, for which I was to draw upon him, payable in country funds. While checking, I drew for three hundred and seventy-five dollars, which was paid. I do not know of their paying any thing more towards it. I have drawn several drafts since, none of which, so far as I have been advised, are yet paid. At the time I left the bank as cashier, there were remaining in the bank, in sheets, bills of the bank signed by Mr. Davison as president, and myself as cashier, to the amount of about ten thousand dollars, or thereabout, according to my best recollection. Most of them were not filled, other than by signing.

There were in the bank, returned from circulation, when I left the institution, about eight or nine hundred dollars in bills of the bank. At the time I left the institution, the resources of the bank were as follows, as near as I can now ascertain, viz:

$64,219 77

The liabilities of the bank were as follows, as near as I can now

The papers, books, notes, &c. belonging to the bank, were all transferred by me to the present cashier.

A. V. HART.

Subscribed and sworn to before me, this 13th day of March, A. FELCH, Bank Commissioner.

A. D. 1838.

(No. 6.)

Affidavit of Teller, and List of Subscribers and Stockholders.

Personally appeared before the undersigned, a Bank Commissioneg of said state, Hiram B. Lyman, who being duly sworn, on oath says, that he is teller in the Bank of Lapeer, to which station he was appointed on the eighth day of the present month, at which time, he entered on the duties of his office,-J. T. Benedict was the president, and Dennis S. Cady, cashier. On the day of my appointment as teller, the president and cashier both left Lapeer, intending to go, as I understood from their conversation, to Jackson county, for the purpose of obtaining funds with which to redeem the bills of this bank, expecting as they said, to return to Lapeer on the 13th or 14th instant. The bank was left in my charge.

I do not find the original book of subscription to the stock of the bank. The anexed is a true list of the stockholders, and amount held, as well as transfers, as exhibited by the stock ledger. There is no other book of stock account in the bank, and no list posted up. The cashier and president, and also myself, are directors; the others, I do not know, and there is no book in the bank exhibiting it. There is no book showing any statement of the affairs and condition of the bank.

It seems from the books, that on the twentieth day of December last, notes of the Bank of Lapeer issued to the amount of twenty-two thousand dollars. No other issues appear by the books, to have been made. The books shew the capital stock to have been paid in to the amount of fifteen thousand dollars, in specie. This amount appears to have been on hand on the second of January, and by the daily entry, to have remained in bank until January eighteenth. On the evening of that day it is stated in the books, as

On the evening of the 17th January,

$14,560 59

12,177 59

After which no entry of specie on hand is made. The specie now on hand, and which was here when I came into the bank, amounts to twelve hundred and one dollars and seventy-seven

1,200 09

1,200 09

cents. The following is a list, with the amount of bills discounted, as appears by the books, to wit:

No. 1. Dec. 12, 1837, B. B. Hutchinson, A. A. Dwight and A. Hubbard, 90 days, due 12-15 March, amount, $500 00; interest, $6 81; proceeds, $493 19.

No. 2. Dec. 28, 1837, B. F. Towne, A. N. Hart, and F. Pettis, 90 days, 28-31 March, amount, $1,000; interest, $16 68; proceeds, $993 32.

No. 3. Jan. 3, 1838, O. B. Hart, Dr. Stebbins & Caleb Carpenter, 90 days, 3-6 April, amount, 3,003; interest, $53 56; proceeds, $2,949 44.

No. 4. Jan. 11, 1838, A. N. Hart, secured by mortgage, 90 days,

11-14 April, amount, $3,195; interest, $56 98; proceeds, $3,138 12.

No. 5. Jan. 11, 1838, Noah H. Hart. N. Patridge & S. Wheeler, 90 days, 11-14 April, amount, $3,500; interest, $62 82; proceeds, $3,437 38.

No. 6. Jan. 11, 1838, S. D. McKeen, G. T. Ball, 90 days, 11-14

April, amount, $2,750; interest, $49 05; proceeds, $2,700 95. No. 7. R. Brownson, H. B. Lynn, & N. H. Hart, 90 days, 11-14 April, amount, 3,195; interest, $56 98; proceeds, $3,138 01. No. 8. Jan. 11, 1838, George T. Ball, S. D. McKeen, 90 days, 11-14 April, amount, $3,750; interest, $66 88; proceeds, $3,683 12.

The above are the discounts that appear by the books. All the discounted paper above specified, is in the bank, except the two first above mentioned. I do not know where those notes are; have never seen them.

There is no entry upon the books of any thing in the hands of H. H. Brown & Co., nor to Aaron Goodrich, except the bank stock shares, in the annexed list. I have exhibited to the commissioners this day, all the books, papers and effects which were in the bank when I came in, and all which are in my charge as teller.

I did not know when the president and cashier left, that any bills of the bank had been issued, with their signatures. No such issues appear by the books of the bank. I have, however, seen and have redeemed a ten dollar bill, of this bank, under their signa

tures.

At the time the cashier left, he gave me thirty dollars, in the bills of the Farmers' bank of Sandstone, for exchange. I have redeemed fifteen dollars of the bills of this bank-the remaining fifteen I have now in the bank.

I have no means of knowing the amount actually in circulation, except as above stated. There are no notes of the bank redeemed, and now on hand, excepting the fifteen dollars above men