Doc. 50. Examination of John Andrews-March 31. Question by Mr. Cambreleng. What office do you hold in the bank? Question by Mr. Cambreleng. Have you the charge of the discount and exchange book; and do you attend on the board when in session? Answer. Yes. Question by Mr. Cambreleng. Have you any knowledge of the discount of J. W. Webb and M. M. Noah's note, on 9th August, 1831, at 6 months, for $20,000? Answer. I have no particular recollection of this note; but, from the appearance of the book, I should suppose it came before the board. Question by Mr. Cambreleng. When a note is submitted to the board and discounted, what mark do they affix to it? Answer. All notes that are put on the books on the day previous, are regularly passed by the board, and, if discounted, are marked A. Those that come in on the morning of the discount day, are sent in to the board without being put on the books, and are not, of course, marked on the books when discounted. Question by Mr. Cambreleng. Have you any knowledge of the discount of a note drawn by M. M. Noah and J. W. Webb, and discounted for 1. Watson Webb & Co., on 16th December, 1831, dated 13th December, at 6 months, for $15,000? Answer. I have not, but suppose, from the style of the entry on the book, it must have been done after the meeting of the board. Question. Have you any knowledge of the discounting, on the 2d Jane ary last, of ten notes drawn by M. M. Noah and J. Watson Webb, amour ing, altogether, to $17,975, and payable in April and October, of the yeas 1832, 3, 4, 5, 6? Answer. They appear from the books to have been discounted by the Exchange Committee. Question by Mr. Cambreleng. Were those notes discounted for J. Wɛ son Webb? Answer. It would appear so from the books. Question by Mr. Cambreleng. Was there in the possession of the bas any other than the personal security of J. Watson Webb and M. M. No for the notes referred to, amounting, altogether, to $52,975? Answer. I do not recollect any other. Question by Mr. Cambreleng. Is it your duty to take charge of all t seeurities lodged in the bank? Answer. It is. Re-examination of John Andrews. Question by Mr. Cambreleng. State to the committee at what time, > by whom the following notes were withdrawn from the bank: M. M. No and James Watson Webb's note, payable to, and endorsed by James W.son Webb & Co., dated 13th December, 1831, at 6 months, for $15,00 Ten notes drawn by M. M. Noah, and endorsed by James Watson We amounting in the aggregate to $17,975, and payable in the months of Ar and October, 1832, 3, 4, 5, 6? Answer. The note of $15,000 was paid in this way: 6,000 were paid on the 13th instant, and the balance on the 15th instant. These payments were made by a draft received at this bank, from our office at New York, in favor of James Watson Webb, endorsed to Mr. Biddle's order, for $600: and another on the 15th, of the same character, for $8,800, (a deduction being made for interest on the unexpired time.) These two drafts paid the note. Question by Mr. Cambreleng. Was either of the notes offered by J. W. Webb, on the 9th August, and 16th December, 1831, and the 2d January, and 10th February, 1832, ever regularly entered on the discount book of the bank, as notes are usually entered, on the day previous to the meeting of the board? Answer. No: I believe they were not. They were not, because they were brought in afterwards. Question by Mr. Cambreleng. What is the usual term to which discounts are limited? Answer. There is no general rule as to time. It depends on circumAt this time, the usual limit is four months. stances. Doc. 51. OFFICE OF BANK UNITED STATES, Washington, May 9, 1832. SIR: In answer to your verbal inquiry, I have the honor to, state that the advances made during the present session of Congress, in anticipation of the appropriations, are as follows, viz. For the pay and contingent expenses of the two Houses of Congress, For ditto 66 ditto ditto of the State Department, ditto of the Treasury, ditto of the War and Indian Departments ditto of the Post Office, $155,885 35 24,166 57 74,579 29 88,353 82 29,294 84 8,682 1,325 2,812 50 7,050 ditto of the Attorney General's office, ditto of Commissioner of Public Buildings, I am, sir, respectfully, RD. SMITH, Cashier. Hon. JOHN Q. ADAMS, House of Representatives. Doc. 52-No. 1. OFFICE BANK UNITED STATES, SIR: I have received your letter of this date, stating that the committee of the House of Representatives, appointed to examine the books and proceedings of the Bank of the United States, had adopted resolutions, calling on the branch to furnish the committee with the names and amounts of payments to members of Congress, in anticipation of their pay as members, before the passage of the general appropriation bill; and the amount of money due the United States, and on deposite in the bank, after deducting the sums thus advanced to those to whom the United States are indebted; and, for this information, the president of the bank referred the committee to the Branch Bank at Washington. I have now the honor to enclose a statement, showing the advances to the members of the House of Representatives, and regret that it is not in my power to give similar information with respect to the advances made to the individual members of the Senate. The checks of the Secretary of the Senate have been given up to him on the settlement of his bank book, and I have no means of giving the information, except by reference to the book. The aggregate amount paid to the Senators, is $14,635 60. I also enclose a statement, giving the information required under the second resolution. I am, sir, with much respect, The Hou. JOHN Q. ADAMS, RD. SMITH, Cashier. House of Representatives. |