could conveniently obtain it. This deponent gave them a note of hand payable to the Exchange bank in specie, in thirty days from date, for the thirty per cent instalment on his shares, which note was afterwards, and since the individuals above mentioned left Shiawassee, given up to this deponent by Mr. Lemuel Brown. This deponent gave security, agreeably to law, to the amount of two thousand dollars, by mortgage on real estate. Deponent at the time, supposed that the first thirty per cent was actually paid in by the above mentioned individuals in specie, but has since examined the safe and premises used by the bank, and now believes that no part of the capital stock thereof was ever actually so paid in.

Deponent further says, that he was chosen a director of said institution at the first meeting of the stockholders. No oath was administered to this deponent as director, nor have any official bonds been given or any oath been administered, to the knowledge of deponent, to any officer, agent or servant of the bank.

This deponent met only once with the directors, and believes that no other regular meeting was held. The affairs of the bank were managed almost exclusively by A. Morehouse, president, and G. W. Clark, cashier, together with the other individuals above mentioned. This deponent knew very little of the transaction, and believes that the same is true as to the other directors and stockholders who reside in this county.

Deponent further says, that the individuals above named have all left the county of Shiawassee. That he was present when the affairs, property and books of the bank were exhibited to A. Felch, one of the Bank Commissioners of said state of Michigan, on the nineteenth instant; that all the books, property, papers and effects of said institution were then exhibited, so far as this deponent knows and as he verily believes.

Deponent further says, that he was informed by said Clark, that he, Clark, intended to become a resident of said county of Shiawassee, and that he so considered himself. Said Morehouse, also, was to remain here as a resident while he was continued president of the bank.

HOSEA BAKER.

Subscribed and sworn to, this 21st day of March, A. D. eighteen hundred and thirty-eight.

A. FELCH,

Bank Commissioner, State of Michigan.

Lemuel Brown, being duly sworn, on oath says, that he was one of the original subscribers to the capital stock of the Exchange Bank at Shiawassee; that said bank went into operation on or about the third day of February last; that he paid nothing at that time or before towards his stock; and that no specie was paid in or possessed by the bank, to his knowledge; that he was, however, informed by John Pierson, the treasurer, that they had the amount of specie required by law, for the benefit of the institution, and would not require any from the stockholders in this county at that time. No specie was paid in by any stockholder, to this deponent's knowledge, but notes payable to the bank in specie were given by five individual stockholders, residing in this county, for the thirty per cent on the stock, which notes, after the president and cashier left the county of Shiawassee, came into the hands of this deponent and were given up to the respective signers thereof. They were signed by the following persons, viz: Hosea Baker, Aaron Swan, John B. Clark, John Smedly and M. Foster, all payable in thirty days from date, and were given at the time the institution was organized. No such note was required of or given by deponent.

The principal actors in getting up and carrying on the institution were D. Root, John l'ierson, Simpson Buck, George W. Clark, A. Morehouse, Lemuel Crawford and Stephen B. Gay, all of whom reside out of the county of Shiawassee.

Deponent was chosen a director, but never took the oath of office, and has no knowledge that any of the directors or other of ficers of the bank ever took an official oath, or gave bonds.

Deponent met once with the directors, and believes that was the only meeting regularly held by the board. At that meeting, A. Morehouse was chosen president and George W. Clark cashier. The business was principally conducted by them, and this deponent knows very little of the transactions of the institution.

At the first (and only) meeting of the directors above mentioned, notes of the bank were produced, and as soon as the president and cashier were chosen, they proceeded to execute and sign the same. This deponent cannot state the amount signed, but each of the individuals above mentioned took a portion of the bills so signed. This was done without consulting the directors or stockholders who resided in this county, and the apportioning the same among themselves, was after they had left the room.. This deponent happened to return to the office at the time of the apportion.

ment on business, as the room was at that time used by him as a postoffice. Deponent does not know what entries were made in the books, or paper taken for the same. No bills were taken by any resident stockholder or director.

Deponent further says, that the individuals above named have all left the county of Shiawassee. That he saw said Morehouse, Clark, Pierson and Gay at Shiawassee about two weeks since, the last time they were at that place. That he obtained the key of the safe containing the books, papers and property of said bank from said Pierson, at Ann Arbor, between one and two weeks since, and still retains the same.

That all the books, papers, property and effects belonging to said bank were exhibited to A. Felch, one of the Bank Commissioners of said state, on the 19th inst., excepting the notes given up to the stockholders, as above mentioned. That he does not know the amount of notes of said bank put into circulation, and has no means of ascertaining the true situation of said institution, other than as above stated, and as exhibited by the books and papers aforesaid.

L. BROWN.

Sworn and subscribed to this 21st day of March, A. D. eighteen hundred and thirty-eight.

A. FELCH.

Bank Commissioner.

(No. 10.)

Affidavit of Wm. S. Stevens, relative to the Farmers' and Mechanics' Bank of Pontiac.

Detroit, March 24, 1838. William S. Stevens, president of the Clinton Canal bank at Pontiac, being duly sworn according to law, deposes and saysthat the specie counted in said bank by Alpheus Felch, Esq. the Bank Commissioner, was the bona fide property of the said bank. That of this sum the amount of twelve thousand was, after the examination aforesaid, loaned to the Farmers' and Mechanics' bank at Pontiac, at the urgent solicitation of G. W. Williams, cashier of said bank, who borrowed the sum for exhibition to the Commissioners. That the key of the inner banking room was, in the hurry and embarrassment of multiplied engagements, inadvertently taken away by him, he being hurried away by a pressing engagement, and not for any purpose of deceiving the said Bank Commissioner in regard to the bank of which he is president. That he is a stockholder in the Bank of Oakland, and he has been

well informed, and believes that a large proportion of the specie exhibited to the Commissioner by the said bank as the property of said bank was the property of the United States, deposited in said bank by Charles C. Hascall, the receiver of public moneys at Flint River, and has, since its examination by the Commissioner, been withdrawn from said bank by said receiver.

Sworn and subscribed before the undersigned Bank Commissioner, this 24th day of March, 1838.

K. PRITCHETTE,

Bank Commissioner.

(No. 11.)

Clinton Canal Bank and Farmers' and Mechanics' Bank of Pontiac.-Affidavit of D. H. Parker.

David H. Parker, being duly sworn on oath, says, that he was at Pontiac, in the county of Oakland, on the day when the Clinton canal bank was examined by A. Felch, one of the Bank Commissioners of the said state, on or about the ninth day of March last. That on the day of said examination, B. C. Whittemore, teller of the Farmers' and Mechanics' bank of Pontiac, applied to William S. Stevens, president of the Clinton canal bank, to lend him specie from the Clinton canal bank for the purpose of exhibiting the same as the specie of the Farmers' and Mechanics' bank, on the examination of that institution by the Bank Commissioner, which examination was expected the next morning. Said Whittemore remarked that unless he (Stevens) lent them the specie, they would be ruined, or words to that effect. This application was on the evening after the examination of the Clinton canal bank had taken place.

William S. Stevens left Pontiac for Detroit about eleven or twelve o'clock on the same night, and requested deponent to see to the specie which was to be transferred from the Clinton canal bank for the above mentioned purpose to the Farmers' and Mechanics' bank of Pontiac, and to have the same returned. After said Stevens left Pontiac, and between twelve and two o'clock of the same night, deponent assisted in removing twelve thousand dollars in specie, from the vaults of said Clinton canal bank to the said Farmers' and Mechanics' bank. This specie was removed by deponent and H. H. Dunkley, and was received at the Farmers' and Mechanics' bank by said Whittemore, the teller thereof. It remained in the last mentioned bank during the next day, which

deponent thinks was the tenth day of the month, and on the next evening was removed again to the vaults of the Clinton canal bank. George W. Williams, the cashier of the Farmers' and Mechanics' bank, was present when the specie was taken from said bank to be returned to the Clinton canal bank.

Deponent understood from all parties, that the specie above mentioned was the property of the Clinton canal bank. About the time the specie was taken away, said Williams said that they would not have had to borrow this specie if they could have had their own specie in; that it was out in two other institutions, but he did not name them. Deponent learnt from said Williams that the specie was exhibited to the Bank Commissioners while in the Farmers' and Mechanics' bank, as above mentioned, on their examination of the last mentioned institution.

DAVID H. PARKER. Subscribed and sworn to before me, this second day of April, A. D. 1838.

A. FELCH,

Bank Commissioner of said State.

Affidavit of R. J. S. Page, in relation to the Farmers' Bank of

Genesee.

Grand Blanc, March 15, 1838.

R. J. S. Page, being duly sworn according to law, deposes and says, that he is the cashier of the Farmers' bank of Genesee, lo cated in the village of Flint, in the county of Genesee--that he was appointed cashier on the 4th day of January, in the place of R. M. Morrison. The bank went into operation a few days previous to his appointment--that the bonds and mortgages had been approved; the president and directors were appointed. Horace R. Jerome was president. The notice filed in the Secretary of State's office and published, named the location of said bank as at the Flint Rapids, a place about six miles distant, the intended place of residence of the president. That the bank never went into operation at that place, but all its business was transacted at the Flint village. The capital stock was one hundred thousand dollars. The amount of fifteen hundred dollars or thereabouts, principally in silver, was in the bank at the time he took charge of the business as cashier. This sum he sent to Detroit at the request of Delos Davis, one of the stockholders, to meet a specie certificate of that amount, from the City bank of Detroit, which had been sent to him by the said Davis. The certificate was for the redemption of the notes of the bank that he does not know whether the thirty per cent required by law previous to the bank