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Original 1893 U.S. Senate Report titled Report of the Senate Committee on Failed National Banks, ordered printed February 11, 1893. Includes extensive testimony, correspondence, official reports, and evidence relating to the investigations of the Maverick National Bank, Keystone National Bank, Spring Garden National Bank, bank examiners, banking regulations, and late nineteenth-century banking failures. Original period binding with gilt spine lettering. A substantial primary-source reference for historians, researchers, and collectors of banking history and U.S. government publications.
TABLE OF CONTENTS
REPORT
* Resolution
* Membership of the committee
* Methods of the inquiry
* Failures since the beginning of the system
* Causes of failures of Keystone, Spring Garden, and Maverick banks
* Unfaithfulness of bank examiners
* Bank Examiner Wm. P. Drew
* Assistant Bank Examiner William Trenholm
* Alfred B. Nettleton and Nelson F. Evans
* Bank Examiner James W. Magruder
* Examiner Magruder’s loans from the Maverick Bank
* Examiner Magruder’s speculation in “sugars”
* The Keystone Bank’s history
* The Spring Garden Bank’s history
* The Maverick Bank’s history
* Irving A. Evans & Co.
* Irving A. Evans’ failure and suicide
* The Maverick Bank’s failure
* Excessive loans to Potter, French, and Dana
* Outcome of the Maverick Bank failure
* Dummy signers of notes for Potter, French, and Dana
* False returns of the Maverick Bank, and criminal proceedings
* Facsimiles of erasures in returns of directors’ liabilities
* Facsimiles of erasures in reports of excessive loans
* Asa P. Potter’s closed trunk
* The functions of the Boston Clearing-House Association
* An alleged defect in the bank law
* Excessive loans to officers and stockholders and unfaithful bank examiners the cause of bank failures
* General conclusion
* System sound if excessive overloans to bank-owners can be stopped
* Synopsis of bill reported by the committee
* Views of Senators Dixon and Peffer
* Bill reported by committee, full text
* Correspondence relative to Mr. Asa P. Potter’s closed trunk
TESTIMONY
* Resolution
* Testimony of Charles J. Stoddard
* Maverick Bank reports
* Bank Examiner J. W. Magruder’s reports
* Correspondence between Comptroller Lacey and Maverick Bank
* Receiver’s first report, etc., of Maverick Bank
* List of stockholders of Maverick Bank
* Overdrafts at time of suspension of J. W. Magruder and A. P. Potter
* Correspondence concerning condition of bank
* Correspondence showing authority to compromise debts
* Copy of receiver’s report, March 31, 1892
* Loss to bank through Potter, French, and Dana
* Statement of Hon. E. S. Lacey, Comptroller of the Currency
* Letter of B. F. Fisher, showing A. B. Nettleton’s indebtedness to Spring Garden Bank
