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![handle is hein.usccsset/usconset49621 and id is 1 raw text is:
£92]
REPORT
Of the Demmittee appointed on the 301A of1ottember, 1ate, to apect
the booAs and examine into the proceedings ofthe BanA ofthe Unit.
ed State, to report thereon, and to report whether the provisions
of its chpirter have been violated or not.
JANUARY 16, 1819.
Read, and committed to the Committee of the whole on the state of the Vaion.
The Committee appointed to inspect the books, and to examine into the proceed-
ings of the Bank of the United States, with directions to report thereon, and to
report whether the provisions of its charter have been violated or not, respectfully
REPORt:
That under the leave granted by the House, the Committee repaired to Philadelphia,
and there personally inspected the books of the bank; and as a further means of examin-
ing its proceedings, they interrogated on oath, the president, the cashier, all the direc-
tors of the bank, whose attendance could be obtained, and several of its clerks and offi.
cers. Examinations also have been made at the offices at Baltimore, at Richmond, and
at the City of Washington, in order to obtain specific information upon certain subjects
on which the books of the parent bank were necessarily deficient. From these Inquiries.
conducted with great labor, and the committee trust with great care, they have collected
Stmass of information which they now submit to the House, and which will be referred to in
the course of this report. This information consists of tables, statements, and extracts
made by the committee from the books of the bank, or by them compared with those
books and verifed; and of the testimony of witnesses, and of letters from the president
of the instituton.
The committee are aware, that from these sources of information, various import-
a-t inferences may be drawn, and upon them the most interesting opinions may be pre-
dicated. It has been their intention however, to go no farther than was retuired by the
resolution of the House, to avoid speculative opinions upon general subjects, and to con-
fne themselves to what they deemed practical objects of inquiry, which they settled
among themselves, previous to entering upon the investigation.
These objects seemed to divide themselves into two classes; those which related to
the general management of the bank and the conduct of its officers; and those which
were connected with the question of a violation of its charter.
As to the general management of the concerns of the institution, among the points
of inquiry which appeared to be most immediately interesting, were those which selated
to the refusal of the bank and its offices to pay its notes in specie, at any other place than
that where they were made payable, and to the practice of selling draughts on each
other.](ViewImageLocal?handle=hein.usccsset/usconset49621&div=1&collection=&method=preview&ext=.png&size=3)