^ptJSO. Farmers' and Mechanics' bank, Jacob
Vreeland's check accepted, 600 00
Total, $3,988 00
DETROIT CITY BANK,
Exhibited on examination, the following specie certificates^
which had been received by John Truax, treasurer of the bank,
as specie paid in on instalments of capital stock, to wit :
1837.
Nov. 15. One spepie certificate from Michigan
state banH, signed Thos. O. Hill, in
favor of Cullen Brown, 91,000 00
Dec. 18. One specie certificate from Bank of Mi-
chigan, sUmed by A. H. Sibley, in
&vor of £. Brooks, for 4,000 00
Nov; 15. One specie certificate from Thos. C.
Sheldon, to the credit of A. T. Mc-
Carried forward*
Digitized by VjOOQ IC
US
H(nr» D00U1IBNT&
BitKigbC fbrwsitiy 9
RejDoUs, ibr f 14)00» and to the en»>
dit of the president and directors of
Detroit city bank for $1,000, 2fifm M
(This last certificate was endorsed as
satisfactory bvE. N. Bri(km.)
Dec. 92. One specie oertincate from Thos. C.
SheldoQt in favor of the president
and directors cf the Detroit dty
bank, for 92,000, <" beii^ at my of-
fice in Kalaiiiaaod,^ for " f%00» 00
Feb. 5. One specie eertificate from Thoa. CL
Sheldon, subject to the order of F.
». . H. Harris, cashier of the Detroit
dty bank, for 11,673 86
#20,673 86
FARMERS' BANK OF OAKLAND,
Exhibited on examination, May 10, 1838, the following specie
certificates, to wit :
1857.
Dec 29, One from Farmers* and Mechanics* bank,
Pontiac, signed G. W. Williams,
cashier, for $10,000, deposite by
Sherman Stevens, payable to the
order of the cashier of the Fiirmersf
bank of Oaklakid. #10,000 00
1838.
Jim. 30. One from the Michigan insurance com-
pany, Detroit, signed **H. H. Brown,
secretary,* deposited by Alfted Wil-
liams to the credit of the Farmers'
bank of Oakland, for 15,000 00
#25,000 00
BANK OF OAKLAND,
May IL Exhibited on examination» a receipt for
specie given by R. F. Sti^ne, castner
(k the Genesee county bank, f(»r spe-
cie borrowed by him to the amount
of #4,679 64
This specie was sworn to as the property of the bank, and al
a subsequent examination, ten days afterwards, had been re-
turned.
Digitized by VjOOQ IC
HDITS& DOOUMBNTK #W
OAKLAND COUNTY nANK^Ohartered.
iTbe foHowii^ appears to have been the materials which were
used io putting this bank into operation, to wit :
A specie certificate isstied by the Bank of Pontiac
for $10,000 00
$5,000 of specie borrowed from the Clinton cahai
bank and paid in thrice to create a credit of 15,000 00
CLINTON CANAL BANK.
Tbia bank was put into operation by means of aj^Moim pruici-
pally borrowed in Detroit*
FARMERS' BANK OP GENESEE-
Tbia bftftk was put in operation by stock no^ and Ufsd the
foliowifiig specie certificates, in making statements,
One from Farmers' and Mechanics' bank of Detroit,
signed by John A. Welles, for $15,000 00
One from BaiJL of Oakland, signed by Daniel Le Roy,
for 10,000 00
One firom Clinton canal bank, signed by William S.
Stevens, 10^000 00
One from Farmers' and Mechanics' bank of Detroity
signed by John A. Welles, for 5,000 00
This bank had also in Detrdt city bank, a certifi-
cate of deposite for 1,500 00
$85,500 00
The specie certificates from John A. Welles, with
ten thousand dollars in specie carried from De-
troit, by Rufus Browuy jr^ and Delos Davis, ob-
tained :tf tke.Fkirmers' and Mechanics' bank, on
the check of Rufus Brown, jr^ made the basis of
the report to the legislature in reply to the inter-
rogatories addressed by them to the banks, and
were returned iigain to the Farmers' and Mecha-
nics's bank in the coum of a few days^ by the
EXCHANGE BANK OF SHIAWASSEE,
Was put in operation by the ibUowing specie certificates, to
wit:
One from Farmers' bank of Qenesee, for tl^OOO 00
One from do do do for 112,000 00
One purporting to have been firom the New Haven
baiik^ for tCooOt buthaviflg batBiold» wif leUiriH
edasafcMTgery.
Digitized by VjOOQ IC
•14 HOUaB INXJ^BIBNTa
BANK OF KENSINGTON,
Appean to have beep put in operatioD principally by the libe-
ral use of stock notes, and specie ohecks.
BANK OF LAPEER.
Was put into operation by a specie certificate from
tbe Farmers' and Mechanics' bank) Detroit, for tlS^CKX) 00
WAYNE COUNTY BANK.*
One from H. H. Brown & Co^ «* to the credit of the
Wayne county bank," for - 915,000 00
One from H. H. Brown & Ca, ^ to the credit of tbe
Wayne county bank," for 15»000 00
These certificates were " subject to the order of the cashier
tbereoC" signed by H. H. Brown & Co.t and were^ obtained by
the president, J. D. Davis, through C. H. AfCiure, cashier of the
Bank of Clinton*
SAGINAW CITY BANK,
Put in operation by a loan of specie from the Bank of
Clinton, of . tlO^OOO 00
Also a loan from the Farmers' and Mechanics' bank
at Detroit, of 5^000 00
On the withdrawal of the specie, its place was sup-
plied by stock notes of the directors for 910,864
62-100. The bank also holds a certificate signed
by Mackie, Oakley & Jamison, for specie depo-
sited in New York,«pa]rable on demand, for the
sum of tlS^OOO 00
On this certificate $1,'3^61 has been drawn for and
paid.
FARMERS' AND MECHANICS' BANK OP PONTIAC,
Borrowed specie and exhibited, it to the Commission-
ers as capital stock, to the amount of 912,000 00
JACKSON COUNTY BANK,
Held a specie certificate from H. H. Brown & Co.,^
for 910,000 00
FARMERS^ BANK OP SANDBTON^E.
This bank had a credit on its books of a certificate of specie
deposite, but it was withdrawn. The bank and amount are not
known.
The b^nk was put in operation by a loan of specie from the
Bank of Clinton.
*Thu baddi WM p«t iBioopentkm byttheeki IbrapeeiednwnoD Mie^^
by the itookholdenf bat never preeented, aeknowledsed or paid.
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BaU»SDOCin£BNT& Ud
BANK OF BR£ST.
This bank had si specie check, Fafmers* and Me-
chanics* bank, Detroit, (accepted,) for 91)146 00
An individual specie check, for 2,000 00
Specie to the aniount of #7,497, was received in gold from
Lewis Grodard, the day previous to examination* and subsequent-
ly withdrawn on a discounted note for #7,500.
BANK OP SALINEL
This bank had a specie certificate from the Far-
mers' and Mechanics' bank at Detroit, dated Dec.
2d, 1837, in favor of Doctor D. O. Hoyt, signed
bv John A. Welles, cashier, tfnd endorsed paya-
ble to the order of W. Curnett, cashier, for #15,000 00
This certificate was left a dfiy or two after the bank went into
operation, and the amount of specie taken out ;. cashier supposed
it was taken, in part at least, to Coldwattr.
BANK OP LENAWEE,
Immediately after the oreanization of this bank, on or about the
30th day of December, 18^, the sum of #30,000 which was paid
in on the capital stock of, wasr refunded and the promissory note
ofone of the stockholders, Edward Bissell, residing in the state of
Ohio, at Toledo^ with eodorsers* was taken for the said amouxit
of#30,000.
BANK OP ALLEGAN.
This bank was put in operation by a specie certificate from
H. H. Brown, to the antount of #20,000, obtained by the presi-
dent, A. L. Ely, from C. H. M'Clure^ cashier of the Bank df
Clinton.
BANK OP ST. JOSEPH.
This bank had a specie certificate from T. C. Shel-
don, for #19,000 00
BANK OP MARSHALL.
This bank had specie certificates as follows, to wit :
One from T. C Sheldon, for #10,000 00
One itooi Michigan state bank for 7,500 00
BANK OP COLDWATER,
Had specie certificate, the amount and by whom issued not
known.
Digitized by
Googk
6I# HOUSBDOCinyOIIITEL
BANK OF CLINTON.
This bank bad a receipt ql C ILM'Clurerdaled JqIt 31, 1898,
for 87^500 in gold. Tnis i^okl was takeo to Detroit by the snid
M'Ckure and delivered to Lewis Godard, who gave hii receiptor
the same.
BANK OP GOODRICH,
Had a specie certificate for 815,00i), bpt it was not exhibited
among its assets. The 30 per cent, was paid in, one half in spe-
cie, the other half in bills of the banks of Jacksonburgt Manches*
ter, Washtenaw and Lapeer ; as many of Lapeer as any other.
Bank Directors, &4u
BANK OF KENSINGTON.
March 22» 1838.
Henry Fiske, President) Frederid^ Hutchinson, Cashier.
Henry Fiske, B. P. Hutchinson,
A. A. Dwight, E. P. Cooke,
A. M. Brown, C. L. Crouse,
N. F. Butterfield, S. p. Dix.
F. Hutchinson,
BANK OP OAKLAND.
Jt^xrA 9, 1888.
Daniel LeRoy, President, J. 1^. Bowman, Teller.
G. O. Whittemore Cashier.
Directors.
Daniel LeRoy, G. O. Whittemore,
O. Chamberlin, Francis Darrow,
A. H. Peck, A. Bagley,
L. W. Mann, O. a HasoaU.
R. LeRoy,
t^^'-^'i'-^
BANK OF GIBRALTAR.
Janucary I, 1838.
Joshua Howard, President, Joseph C. Ringwalt, Cashier.
Directors.
Joshua Howard, Henry B* Lathrop,
Digitized by VjOOQ IC
HOUSB DOOVAIBNT&
•17
Nvtbahiel T. LuddttI,
Eldredge Morse,
Griffith H. Jones.
Enoch Jotm%
BeDJfiinin Porter^
Alanson Sheeley,
Theodore Romeyn,
FARMERS' BANK OF OAKLAND.
March 19, 1886.
James B. Simonson, Presidentt 6. H. Broadhead, Cashier.
Directors.
Jona Chares,. David Hubbard,
David Chase, John W. Hunter,
S. C Rose, 6. Broadhead,
John F. Keyes, James B. Simonsott.
E. Vandewenter,
LENAWEE COUNTY BANK*
February 29, 18S8.
W. Spalding, President, Daniel P. Heman, Cashier.
P. E. Whiting,
Directors.
L. T. Thayer,
G. B. Harris,
G. E. Pomeroyi
y. Spalding.
L. C. Daniels,
R. Robinson,
J. Field,
J. G. Loomis,
Daniel Pitnamt
BANK OF BREST.
H. S. Piatt,. President, George H. Tf-acy, Cashier.
Directors.]
T. Whelpley,
John Pierson.
James B. Fairman,
George H. Tracy.
H. S. Piatt,
Lewis Godard,
W. W. Ptenti<Je,
Abel Godard,
M. L. Collins,
WAYNE COUNTY BANK.
March 8, 1838.
J. D. Davis, President, Benj. F. Hall, Cashier.
Dire<^ors.
Cullen Brown, G Harrington,
C. L. Bristol, . A. Y. Murray,
C. TenEyck, E. WoodruflJ
T. Lyon, J. D. Davis.
H. a" Noyes,
76
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«tS HOUSE DOCCJMENTS.
EXCHANGE BANK OF SHU\^ASSEE.
FOtuary 28, 1898.
A. Morehouse, President* G. vV. Clark, Cashier.
Directors.
John Pearson, A. Morehouse,
L. Brown, Aaron Swain,
H. Baker, J. Castle,
G. W. Clark, H. Row.
FARMERS' & MECHANICS* BANK OF PONTIAC.
March 10, 1838.
Schuyler Hodges, President, 6. W. Williams, Cashier.
B. C. Whittenoore, Teller.
Directors.
G. W. Williami^ William Phelps,
Schuyler Hodges, M. LaMont Bagg,
Janies A. Weeks. Horace C. Thur^r,
JACKSON COUNTY BANK.
Februartf 19, 1888.
Paul B. Riiu|, President, Porter G. Hughes, Cashier.
Charles H. Van Doren, Teller.
Directors,
A. F. Fitch, Allen Bennett,
William Ford, Phineas Farrand,
Jira Payne, Pfeiul B. Rimr,
Walter Burlington, Porter G. Hughes. ,
Ira C. Backus,
FARMERS' BANK OP SANDSTONR
March, 1838.
L. U. Smith, President, H. N. Baldwin, Cashier.
A. Clark, Clerk.
Directors.
H. N. Baldwin, S. F. Hooper,
Giles BloomGeld, A. F. Fitch,
Gould Butler, P. B. Ring,
L. D. Smith, P. Farrand.
A. Clark,
BANK OF LAPEER.
Norman Davidson, President, (until Feb. 1, 1888.)
T. J. Benedict, President
Alvin N. Hart, Cashien (until 12th Feb. 1888.)
». T. Cady, Cashier.
Digitized by VjOOQ IC
HOUSB DOCUMBNTB. •!»
Norman Daricbont Silas D. McKeetit
AaroD Goodrich, Benjamin F. Town,
Alvin N. Hart Oliver B. Hart
FARMERS* BANK OF SHARON.
Ruel Ambrose, President Allen Baldwin, Cashier.
Diredon.
Ruel Ambrose, Almond R, Fitq^erakl,
Nathaniel Ambrose, S. R. Draper,
B. Miller, William A. Crocker,
David Fitzgerald, . Samuel Brown.
Calvin Thompson, ^ '
MERCHANTS' BANK OF CENTERVILLE,
Thomas W. Langley, President
Dhredors.
Adams Wakeman, James Van Buren,
Wm. S. Stevens, P. Riley Tull,
Thos. W. Laqgley, W. B. Brown,
Daniel Hogan, Wm. F. Mosely.
Amos C. Hubbard,
BANK OF GOODRICH.
Enos Goodrich, President Aaron Goodrich, Cashier.
Directors.
Moses Groodrich,
Enos Groodrich,
John Vantine,
Charles Vantine,
Levi W. Goodrich.
SAGINAW CITY BANK-
Norman Little, President, Nelson Smith, Cashier.
Direciars.
Charles L. Richman, E. S Williams^
Wm. L. P. Little, Nelson Smith.
T. L. Howe,
BANK OP SALINE.
S. Finch, President, W. Curnutt, Cashier.
Directors.
S. Finch, Thomas Wood,
A« Grodard, Parsons,
J. S. Ware, D. D. Wallace.
O. Howe,
Digitized by VjOOQ IC
9»
HOUSE DCX;UMBNTSi
FARMERS' BANK OF SHARON.
Ruel Ambrose, President, Allen Baldwin, Cashier.
Directors.
R. Ambrose, AmasaGillet,
A. H. Burdicb^ Isaac Godfroy. '
Fr. A. GiUett,
BANK OF ALLEGAN.
Henry H. Clarke, Cashier.
StbcKholders.
N. Abbott,
J. L. Shearer,
* Joseph Fish,
' L. Wtoslow,
, Benjamiti Eagerv
Wm. FinnT^
Alex. L. Hiff
Alex. L. Ely
Elisha D. Ely,
Jacob B. Baily,
Harvey J. CUrkv
David B. Stout,
L. Lyons,
Henry H. Booth,
BANK OF UTICA.
Jacob Summers, President, John James, Cashitr.
G. C. Leech, •*
Pdyne K. Leech, jr.,
John Jatms,
D. W. Philips,
Ephraim Calkins,
A. G. Flnden,
G. Hanscom,
E. Endres,
J. S. Fletcher,
G. C. Leech,
J. Lister,
Sheldon Owee,
Stockholders.
C. S^ Madison,
A. Keemfy,
S. Ladd,
A. B. Adams,
Wro- A. Davis,
O. Sheldon,
0. Steevens,
L. D. Owen,
A. Bond,
J* Summers.
BANK OF MANCHESTER.
Stockholders.
George Howe, President,
Barnabas Case,
Marvin Howard,
Oliver KeU(M|g^
Nicholas Bicker,
Jdtm A. Sloat,
James H. Fellows,
Danl. A. Mills,
John Wain,
Lewis Dodge,
Andrew G. Irwin, Cadifer.
Thos. J. Faxen,
D. Witlson,
A. Hughes,
George Howe,
C.M.D.Bull,
Emanuel Chase,
W. D. Clark,
James Perrin^
C. C. Cotton,
Digitized by VjOOQ IC
HOUSE DOCVfilSNTB.
inn
Josiah R. Stout,
R. L. Fellow%
John Weltz,
Axitbooy Fouoher«
Thomas Morgan,
Wm.S. Carr,
John Miller,
Caleb Clark,
DaiQd & 6ilbttt»
Albert Howe,,
Lorenzo Higgios»
W* T. Alderman,
Alanson Case,
S. & J. H. Fargo,
M. D. Higgins.
CLINTQN. CANAL BANK.
March 9, 1838.
Wm. S. Stevens, President, A. Trcadway, Cashier,
David Paddock, President, W. Vl. Davis, Cashier.
Stockholders.
J. E. Beers,
D. H. Parker,
W. A. Nelson,
A. B» Newcombj
S. C. Munson,
Charles Hubbeli,
W. S. Stevens,
W. H. Adanw,
Wm. Phelps.
Stockholders.
/fine 39, 1898.
David Paddock,
J. M. Coonley,
G. W. Wisner,
P. Van Every,
E. B. Comslock,
E. F. Cook,
Isaac Paddock.
Beni P. Wixoro,
Andrew C. Walker,
Warren Messenger,
P. J. Perrin,
J. M. Coonly,
^itrael Powers,
Hezekiah B. Smith,
N. J. Daniels,
E. F. Cook,
B. B. Comstock,
A. B. Neweomb,
Samuel Power,
Tobias Love,
W. S. Stevens,
Alfred Judson,
H. B. Smith,
N. J. Daniels,
A. C. Walker,
FARMERS' BANK OF GENESEE.
December 80, 18S7.
H. R4 Jerome, President, R. M. Morrison, Cashier.
Directors.
H. R. Jerome,
T. J. Drake,
R. M. Morrison,
Lyman Stow,
E. R. Evnng,
A. Miller,
Curtis Bellows,
W.Davis,
Simpson Buck.
Digitized by VjOOQ IC
OSS HOUSE DOCUMBNTa
Januarif 4, 1888.
R J. S. Page was appointed cashier.
Thos. J. Drake, Lyman Stow, R. M. Morrison traasfened
their stock vacated their seats as directors, and
R. J. S. Page, Benj. Bowers, Levi Gilkey, were appointed di-
rectors in their stead.
AFFIDAVITS.
(No. 1.)
Oakland CoutUy Jffankr^AffidavU of Seth Beach.
StATB of MiCTaOAN, I
' Oakland County. ) "*
Seth Beachy of said county, maketh oath and saith, that be was
one of the original stockholders of the Oakland county bank, and
was elected treasurer, and subsequently cashier of said bink ; and
the deponent further saith, that he was familiar with the proceed-
ings of the stockholders of said bank at the time cf the opening of
the books of subscription to the capital stock of said institution ;
and that so far as his knowledge extends; an opportunity was af-
forded every person who was so disposed to suoscribe to ihe capi-
tal stock of said bank ; and the deponent further saitfi, that upon
the final distribution of the said stock, each and every person re-
ceived their proper proportion.
The deponent fuither said, that on the 27th day cf March last
past, while actii^ as cashier, fifteen thousand dotlan in specie,
was actually paid in, pursuant to the said charter; and that thcare
being no banking house belonging to the Oakland county lnnk»
the money was directed to be placed in the hands of William S.
Stevens, for safe keeping, who gave a receipt therefor to said
bank, and held the same subject to the order of the proper officers
of said bank ; and the deponent funher saith, that the said books
of subscription were opened by him, and continued open for and
during the period prescribed by the charter.
S. BEACH.
Sworn and subscribed before me, this 24th day of August,
eighteen hvindred and thirty-eight
CLARK BEARDSLEY.
Justice of tim Peace.
Digitized by VjOOQ IC
HOUSE DOCUMENTS. 6W
(No. 2.)
Affidavit of W. S. Stevens.
Statb of Michigan, ) ^^
County of Wayr^. )
WiHiam S. Stevens, beii^ duly sworn, on oath says, that oo
the twentv-seventh day of February, A. D. 1888, he purchased
of O. D. llichardson, William Draper and Seth Beach, of Pon^
tiac, all, or nearly all, of the shares of stock in the Oakland county
bank, for which he paid a bonus of ten thousand dollars. In this
purchase the stock was taken by him, as if nothing had been paid
upon the same* The bank had not then been put into operation.
William Draper was the president, and Seth Beach, cashier of
the institution.
On the twenty-seventh day of March, A* D. 1888, deponent
borrowed «!! the specie which was at that time in the CHntoo
canal bank, and directed his hired man to take it down to a room
prepared for the Oakland county bank. Deponent does not re*
coHect the amount, but thinks it was five or six thousand dollars.
Tt»s specie was taken to the bank, was counted by Mr. Beach,
as cashier* and credited on the books as paid in on the stock of the
bank. After being thus counted, the same was taken immedi-
ately back to the Clinton canal bank, and again sent to the Oat*
land county bank, to be aoain counted and credited as before.
This was repeated until the wh )le amount so counted and ere*
dited nnade the sum of fifteen thousand dollars. After this was
done^ deponent, at the request of said Beach, gave a receipt for
the amount (•15>000,) to the Oakland county bank. This depo<
nent does not know that any other specie was ever paid in tosaki
bank ; the amount above mentioned was never returned to it
This payment was made to secure the charter merely, and was
not intended to remain in the bank as a bona fide payment of
stock. At this time, deponent had no interest in the Clinton ca-
nal bank, but borrowed the specie as above stated, of the presi*
dent and cashier ot said bank, for the express purpose above
mentiobed.
Deponent further says, that some time in the early part of
April last* he sold and transferred five hundred shares of stock
"wnich he had in said Oakland county bank, to Mason ConversOt
and one thousand shares to M. R Sherwood. Said Converse
vras to pay deponent three thousand dollars for the same. For
this, he gave a draft on the bank of Brest, endorsed by Lewis
Godard, which, however, was dishonored. By these sales the
stock was to be taken as it then existed, nothing having been paid
on the same, and said Sherwood and Converse were to pay in
upon the same their proportion of twenty thousand dollars, (be-
ii^ in all #15*000,) in specie. Sud Converse proposed afler-
Digitized by VjOOQ IC
6t4 HOUSE DOGUMfiNTa
wards to put in for his share jnsteoii of specie, five thousand dol-
lars of bills of the Bank of Coldwater, but this deponent refused
to receive the same. Nothing was paid by said Converse, but he
soon afterwards assigned his stocii to Messrs. Brooks and Mo>
Reynolds. The proportion which was to hare been paid in by
said Sherwood, to wit ; #10,000, was paid by a certificate of spe-
cie deposite, issued by the Bank of Pontiac. This certificate was
credited to said Sherwood, on the books of the bank, but in fact,
never went into the bank, and was taken away by said Sberwoodt
or some of his friends, to Buffalo.
While said Converse and Sherwood held a muority of said
stock, as above mentioned, Gea N. Keeny, of Buflblo, was eleo<
ted president, and William Korta, also of Buffiilo, was chosen
cashier. The bills of the bank were obtained from the engraver
about this time, and notes to the amount of eight thousand four
hundred dollars were signed by said Kortz and Keeney, and vfere
taken to BoflSdo by them. A receipt was left for them, in bank.
Deponent was afterwards informed, that of thia amount, five
thousand four hundred dollars were afterwards obtained frooi
them, and returned to the bank. During the tinoe whra said
Converse and Sherwood owned a majority of the bank, theva
was no specie or other available assets belonging to the inatitu*
Some time in June last, deponent sold the remaining portion ef
the stock owned by him in said bank, to Edward Brooks and An-
drew T^ McReynolds, of Detroit They were to pay him for the
same, the amount paid by this deponent therefor, but have aayet
Cid noth'mg. They virere also to take the same as it then was,
owing that nothing had in fact ever been paid in on the same.
The sara was broken open by deponent, to show said Brooks and
McReynolds, the actual stuation of the bank, and deponent ea^
pressly told them, that not a cent had been paid in on the stock,
and that said bank had never issued a dollar, excepting the amount
above mentioned, which was taken away by said Sbarwood. Thia
amount in the hands of said Sherwood, was taken without the
knowledge or consent of this deponent.
On the day of said last mentioned sale and transfer of stock, de-
ponent resigned as director in said bank, and knows nothing of its
transactions since that time.
Deponent further says, that after he bad purchased the atock
above mantioned, he was informed that the requisitions of the
eiiartar of said bank had not been complied with in the original
subsoription to the stock tbereoC ioaamuch as the requisite aoUce
of the time and place of opening the books of subscription bad
ftot been given.^ Deponent gave notice of the ftet lo those to
whom he sold said stock, and told them that the same mi^t de-
feat all interest under the charter, and also gave tbam copies of %
Digitized by VjOOQ IC
HOUSE DOCUMfiNTii. 62i
cofrtMlpoiidtfnce between the cashier, (Seth Beaeh,) and M/ J.
Ricoh, Esq., dien the Bank ComnrHssioner.
W, S. STEVENS.
Subsoribed dnd sworn to, this eleventh day of Febf uary, A. D.
IS99.
A. FELCH.
Btmk Crnnmisskmer.
AffidaoU €f Orrin Parsons, a DHvdtat df the Baiik df Saline. .
Statb of MicthioAv, )
CoMntSfi^ WaskUnaWf )
Orrio Panona, of said county, beitw My sworn, on oatb am
that he is a director of the Bank of Saline, and haa been in that
capacity for about saven months ; that he attended a meeting ci
the board of directors at the banking-house in Saline, on the six-
teenth day of August, instant^ according to deponent's best recol-
lection. Deponent was sent for to attend said meeting. The
following directors attended said meeting, namely : Abel Godard^
Silas Finchi Daniel D. Wallace, Orriti Howe, and thia deponent
Said Godaid infornOed the board, at the meeting, that an injuoo*
tion had been made out against the Bank of west, and that he
feared there would be an injunction apiainst the Bank of Salioe.
Deponent does not recollect that he said an injunctioii was aerfed,
but suppoaed there waa one out against the Brest bank, and sop^
pesed there would be one against the Bank of Saline. He aaul,
moreover, that the Bank of Brest had made an assignment of dl
its effects previous to the service of the writ of injunction upon
it, and be advised the board of dir^tors of the Bank of SaKne to
do the same ; but said that the board, must^neverthel^te, do at
they thoi^t' best in regard to it. Said Godard further stated,
that he thought the bank would have to wind up its concerns, and
that it was ^st to do so by making an assignment of all i(a pro-
perty and efiects for the benefit of its creditors ; that it was bet-
ter to have it ^o into the hands of an assignee than of a receivers
After consultation, the board passed a resolution td assigki, for the
benefit of creditors, all the property and effects of the bank tb
Alexander D. Fraser, Esq., of the city of Detroit.
The assignment was written previously, and lay on the table
when deponent went into the room where the mcfeting was held.
Deponent does not know when or by whom it was prepared.
The nanae t>f Mr. Fraser, as assignee, was suggested tnr Mr.
Grodard, who stated that he was the assignee of V^ Bank of'^Brest,-