APPENDIX.

REPORT

OF THE COMMITTEE ON BANKS.

The committee on Banks, to whom was referred the message of His Excellency with the returns of the several banking institutions in this State, have instructed me to report the following abstract thereof. By an act approved July 5th, 1837, the several banks are required to make their returns within six days following the first Monday of June. No return has been received from the Concord Bank. The return from the Connecticut River Bank was received the eighth day of June, being one day after the expiration of the time required by law, and the return from the Lancaster Bank was not received until the tenth day of June, being three days after the expiration of the legal period allowed for that purpose. Your committee are not aware, however, that the public have suffered any injury thereby.

JAMES H. KELSEY, for the Committee.

Abstract of returns of the Banks in the State of New Hamp

Bank of Lebanon,

100,000 00

7,087 00

1,325 00

120,360 14

shire, showing their condition the first Monday of June, 1840.

!

*Returns do not show whether included in second column or not.

a Including $2,000 deposited in Boston.

b Including $30,449 old emisssion.

c Including checks on other banks.

d Exclusive of other liabilities amounting to $145,738 60, payable to July, 1842. e Including $4,068 77 due Suffolk Bank.

f Exclusive of $7,046 19, on which directors with others are liable.

REPORT

OF THE BANK COMMISSIONERS,

IN RELATION TO

THE CONCORD BANK.

To the Hon. Senate,

and House of Representatives,

On the 18th day of May last, I directed the Hon. James Clark and Jotham Lawrence, Esq., two of the Bank Commissioners of this State, to proceed forthwith and make full investigation of the affairs of the Concord Bank, and if they deemed the same unsafe, or hazardous to the public interest, to adopt such measures in relation thereto, as is by law required.

I herewith inclose their joint report and accompanying papers. JOHN PAGE.

Executive Department, June 6, 1840.

To His Excellency John Page Governor of the State of New Hampshire.

In obedience to the directions of your Excellency, requiring the undersigned Bank Commissioners of said State to proceed forthwith to make an examination into the affairs of the Concord Bank in said State, and report the condition of the same, especially as it regards their available funds, and all their liabilities and the actual condition of said Bank, and if upon an investigation of the affairs of said Bank, you deem the same unsafe or hazardous to the public interest, you will proceed to adopt such legal measures as are required in the premises by the laws of this State. The undersigned Bank Commissioners submit the following report, that the same may by your Excellency be transmitted to the Legislature of this State.

On the 25th day of May, A. D. 1840, we met at the Banking House of said Concord Bank, and proceeded to an examination of

the books and the available funds and liabilities of said Bank, the officers of said Bank affording us every facility to aid in the investigation.

On an examination of the records of the stockholders, and a copy of their acts of incorporation it appears, that the .act to incorporate sundry persons by the name of the President, Directors and Company of the Concord Bank, with a capital to consist of a sum not less than fifty nor more than two hundred thousand dollars, was passed and approved on the 18th day of June, A. D. 1806, for the term of twenty years,. that the stockholders organized on the 1st day of October of the same year, and divided their capital stock into one thousand shares; and on the 30th day of the same month chose the first board of Directors, and voted an assessment of fifty dollars on each share, and on the 5th day of September, A. D. 1808, a further assessment of ten dollars on each share, making a capital of sixty thousand dollars.

By this charter the stockholders in their private capacities were jointly and severally liable to the holder of any bill or bills issued by said corporation for the payment thereof.

On the 22d day of December, A. D. 1824, this charter was extended for the term of twenty years from and after the first day of July, A. D. 1826, and by this extension the capital stock was increased to the sum of not less than one hundred thousand nor more than two hundred thousand dollars, and the section in the original charter making the stockholders liable in their private capacities was repealed. The act granting an extension of their charter was accepted on the 5th day of September, A. D. 1825. On the third day of July, 1826, an assessment of twenty dollars on each share was made to increase their capital stock, and on the 7th day of September, 1827, a further assessment of twenty dollars for the same purpose, thereby increasing the capital stock to one hundred thousand dollars, which appears to have been all paid in.

At a meeting of the stockholders duly notified and held on the 4th day of August, A. D. 1837, the Corporation voted to accept the act relating to Banks and Banking.

There does not appear on their records, that there has been any investigation or examination of the standing and condition of said Bank or the funds and liabilities thereof from the 2d day of March, A. D. 1812, to the present time.

The Commissioners have also examined the Directors discount book, being a record of the proceedings of the board of Directors and discounts made, and other doings of said board, and no set