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 1 2 3 
 
 1 
 
 3:t 
 
'■? 
 
 THE LATE 
 
 PRETENDED BANK 
 
 OF 
 
 w^^:am»<0iiirA3>ik^ 
 
 ^:'f 
 
 ^^:% 
 
^ 
 
STATEMEJVT 
 
 I- 
 
 OF THE AFFAIRS OF THE LATE 
 
 AT KINGSTON. 
 
 
 CONTAINING 
 
 REPORTS 
 
 OF TBB COMUXISSXOIVE^S 
 
 -.^POINTED BY SEVERAL ACTS OF THE PROVINCIAL PARLIAMENT TO 
 SETTLE THE AFFAIRS OF THE SAID INSTITUTION: 
 
 TOGtTHER WITH 
 
 Certain other Accompanying Documents, 
 
 REFERRED TO IN THE REPORT; 
 
 BEINO 
 
 LISTS OF THE ST0CK-II0LDRR«, CREDITORS, DEBTORS. 
 
 &C. &.C. &c. 
 
 » 
 
 REPRINTED BY ORDER OF THE HOUSE OF ASSEMBLY, 
 
 i 
 
 Mi 
 
 YORK : 
 
 jjnUNTUD Br WILLIAM I.VON MACKENZIE, AT THE OniCi; 0> TUB COtOXIAL ABVOCAlli; 
 
 1827. 
 
 ■ • ' . ' • o 
 
9WW, 
 
 890438 
 
 io His 
 
 Lieutei 
 ing H 
 
 TH 
 
 the Prov 
 
 *' missioi 
 
 "of the ] 
 
 " ston k 
 
 in confer 
 
 having ei 
 
 their firsi 
 
 and othei 
 
 they coul 
 
 difficulty, 
 
 tors, sucli 
 
 formed t\ 
 
 considere 
 
 Upper Cz 
 
 Theyg 
 
 to afford j 
 
 bank, and 
 
 ing and di 
 
 The CO 
 
 great imj 
 
 amount h{ 
 
 mentofth 
 
 view of th 
 
 by the lat 
 
 demand m 
 
 appeared 
 
 ^should not 
 
 ted by the 
 
 were rece 
 
 A 5 
 
REPORTS 
 
 OF THE COMMISSIONERS, 
 
 IN WHOM WERE VESTED THE AFFAIRS OF THE 
 
 At Kingston; 
 
 WITH ACCOMPANYING DOCUMENTS, 
 
 io Hts Excellency SIR PEREGRINE MAITLAND, K. C. B. 
 
 Lteutemnt-Governor of Upper-Canada, and Major-Gcneral command 
 tng Hts Mujesti/s forces therein, Sfc. Sfc. 
 
 THE Commissioners appointed by un act of the last session o! 
 the Provmcial Parliament, entitled " An Act vesting in certain Com- 
 '' missioners therein named, all the stock, debts, bonds, and property 
 **ofthe pretended Bank of Upper Canada lately established at King- 
 " ston for the benefit of the creditors of that institution," beg leave, 
 in conformity with the provisions, to report to your Excellency, that 
 havmg entered on the discharge of the important trust vested in them, 
 their first object was to procure the books, papers, bonds, notes 
 and other securities of the late establishment, by which means alone 
 they could be enabled to ascertain the state of its funds. After much 
 difficulty, they did obtain from the officer employed by the ' »fe direc- 
 tors, such property as had been committed to his charge ; La having 
 formed their establishment, they proceeded in the course which .they 
 considered best suited, to settle the affairs of the pretended Bank of 
 Upper Canada. 
 
 They gave immediate notices relative to their appointment, in order 
 to afford inforniation to such persons as had demands against the said 
 bank, and publickly named a day in each week for the purpose of hear- 
 ing and determining such claims as might be brought before them. 
 
 The commissioners had not made much progress before a subject of 
 great importance occurred to them.—Cortificates to a considerable 
 amount had been issued, some of which were soon presented for pay- 
 ment of the debts due to the pretended bank. While upon a general 
 view of the subject, it might seem just that an acknowledgment of debt 
 by the late institution should be admitted as a fair Kset-off against a 
 demand made by the commissioners, vet on mature consideration, it 
 i^PPC^jed to them that if the whole amount due to the pretended bunk 
 should not be realized, a proportion only of the debts could I>e liquida- 
 ted by the means in their power ; consequently those certificates which 
 were received in payment would be redeemed in full, while such as 
 
 i 
 
 i.li 
 
 A 5 
 
d 
 
 wore not so prt'sentod would only be paid in part, thus placing spe*- 
 culaiors ill q t^iliiatioii to obtain the full amount ibr that wliicli tho lair 
 creditor would oidy receive in audi proportion us might be divided on 
 recovery. 
 
 Under the impression, therefore, that large sumamijiht be lost to the 
 Jate inslitutioii for want of noiices, and other causes uliich they could 
 not control, the commisHioners deemed it most prudent to refuse cer- 
 tiliculcH in payment until further information respecting the intention 
 ol the IiO<ji.sla(nre should confirm or chanjje their decision. 
 
 Another point also arose with respect to the collection of debts in 
 full, or only to (he amount of stock held by the debtor. The manifest 
 hardship (jf obligint? stock-holders to pay an amount which was pla- 
 ced at their credit in the books of the association, did not escape the 
 commissioners; but considering the safety of (he public to have been 
 thechiefobject of (he Lejfislature. they did not hesitate to demand all 
 the sums due indiscrimin;aely. leaving it to time and circumstances to 
 jirovo whiit would remain to be shared by (he s(ock-holders. 
 
 As the discovery of the pcMsons whoarp said to have abstracted the 
 money from the late pretended bank seemed n principal point to be as- 
 cer(a ned, it was extremely desirable to institute an immediate inves- 
 ti:2,Ttion to elucidate this important fact; but before carrying it into 
 execution, it became necessary to know that such defalcation did real- 
 ly exist. This was a work of much time and labor, and long delayed 
 t'le sorutiny. The commissioners have, however, at length been ena- 
 bled to get through an examination of all tlie persons holding trust in 
 the late institntio.i, anti the result has proved that such carelessness, 
 animosity, and wuit of sysiein prevailed in the conduct of the parties, 
 as must d'fv t'le most rigid investigation to fix upon the culprit without 
 a'direct HJcnsntiun. 
 
 The ["'•esident oi the association neglected altogether to examine in' 
 to the s'Hte of its funds and aecoimts, and was occasior)ally absent for 
 sevc'd mo'ths at a lime. — The cashier was grossly inaccurate, pas- 
 si g not(!S without the approbation of th" Board, making false entries, 
 and payii'Ef out nion '^ without ch irging the sums in the books. 
 
 'I lie telbr. coesi(leri"g himself under the complete control of the 
 c:isl)ier, acquiesced in the negligence and deceit he practised, and by 
 his own want of attention, co itributed (o the derangement of the af- 
 fairs oi th" Mistituiion. while the directors, placing the most unwarrant- 
 able co!ifid»'nce i-i the cashier, suffered his statements to pass their 
 board wi:h')u' duo e amination. at one time overlooking that the books 
 were b-lnneed by an entry of a large sum. said to be " by error," with- 
 out inq'>iri.ig into the tmtnre of the error; at another time, allowing 
 not"s of great amount to be discounted by the cashier, without any 
 o'her names than the drawers, contrary to the express rules of the in- 
 stitution. Thus, where all wns disorder, the commissioners cannot 
 po°-?! hv pom? out to what particular instances of ncglitieiicu the total 
 failure shoidd be attribn'ed, nor whether the abstraction took place 
 beiorc or after the suspicion of the president. 
 
 Acrori 
 
 translerr 
 
 omoinUiii 
 
 shillings, 
 
 day ot D 
 
 eightoeni 
 
 under tli< 
 
 The sii 
 
 ount to t 
 
 received 
 
 ven poun 
 
 pounds, V 
 
 to this arr 
 
 been rec 
 
 much moi 
 
 arisen, an 
 
 Their ^ 
 
 easy a mi 
 
 existing c 
 
 accept rer 
 
 of coHecti 
 
 and were I 
 
 an effect, 
 
 plated. '1 
 
 that there 
 
 ment. Tl 
 
 reports an 
 
 base as th^ 
 
 to mislead 
 
 ot protecti 
 
 There v 
 
 the opernti 
 
 act vesting 
 
 tended ban 
 
 ed periods 
 
 mediate cli 
 
 dition whio 
 
 ceeding ei£ 
 
 ^omraissioi 
 
 full recover 
 
 iiatnral rer 
 
 from the no 
 
 cessary fon 
 
 dent to witl 
 
 not therefor 
 
 oHega! pre 
 
 sionera are 
 
cin^ ape" 
 I th«> lair 
 vided oil 
 
 jat to tlic 
 ey cuuld 
 fuse cer* 
 iiituiitiou 
 
 debts in 
 inanirest 
 was pla- 
 cape <lie 
 ave been 
 niaiid all 
 ;ance!i to 
 
 icted the 
 to be ui^- 
 te inves- 
 T it into 
 did real- 
 [dela^'cd 
 een ena- 
 ; trust iu 
 iessness, 
 } parties, 
 t without 
 
 imine in^ 
 bsent for 
 'ate. pas- 
 3 entries. 
 ). 
 
 ol of the 
 I, and by 
 )!' the at- 
 warrant- 
 >aas their 
 he books 
 ir," with- 
 aiiowing 
 hout any 
 of the iu- 
 's cannot 
 the total 
 ok placQ 
 
 Acrordinff to the statement iubmitted by the ofiic.r of the bmk r.u 
 tran«.erru.K .ts property to the commissior.orH, bill, o th . i„s,' iUMmn*' 
 o.nountn.g to 6ve thousand, two hun.ircd and <br ty h w o J 1 S^^^ 
 .hdhngj 7iad been redeemed and destroye.l betwee h > w ! l " 
 day ot December, one thousand ei^h. hundred and iwentv-tvo h, I 1^ 
 e.ghtoenth <lay of April, one thousand eight hundred amUr^ivLe; 
 under the supornitendance of the directors i^tniy-tlnee, 
 
 The sums [or which the commissiouers have issued certiticito. ^.n 
 
 an effect, whrch, as it could not be justified was not !! nil ? ' 
 p at.l The ready accommodation oCd induced m ny t "co'nc r; 
 
 irnt Th-'^'r. ^"'" "^P^"''- •" '^'' Commissioners To^ ice pay 
 n>^nt. Ihis delusion was ncreised bv evil n.inJ^.t ^^J P^ 
 
 reports „„,. a„„„y,„„„» pubiica,ion« we^ "1"^ , ^,"^.'1,!:, "'' 
 base a» th.r would have- been c»„te,„p.able. bad tbey , orco,' »^n^d 
 to raislend the ignorant, and prevent their trdv esthna rnVthl '^™ 
 01 protectton g ven by the Le'gi,|„,„r„ ,„ a„ J^u'd pubhc '^'"'«' 
 
 There was also another eaii which tended irre-.Vlv V„ .~k 
 the operations of the Commissi t„r " Previon' fa hLl .^ "7T 
 r' ,"7^"^, '" i''""' """" P"-"' for SH liZihe aBaK^'of'.he „r * 
 ld"oeM„d""^ ""' •"'■"J'"''^ "'■ "•"' '^»t»''li»hme, * I ad K ven e„e^, ,r 
 
 -- !«=,«! prot^crs, in consequence of this circumstflnno tK« r« • 
 
 «ouer« are also unable to declare »heU.er ry^ha^^'iL'lhe'rt.' 
 
ubsolutoly necessary to onforcft compliance with its just provisions. 
 Th<7, however, (eel thomHcivcs called upon most reMpcctlully to state 
 the obsrrvations which liavc resulted Irom their progress. They arc 
 iinprcbscd with the conviction that every doubt as to the construction 
 of the law must prove in a groat degree tatal to its due elfcct. The 
 prculiar ciicumsiances which n«)t only cause to man} persons the im- 
 mediate loss of large capital embarked in the speculation, but also 
 require (rom them what they conceive a second payment of it, render 
 many of them most willing to adopt any legal expedient of avoiding it. 
 The remedy, therefore, cannot be eflcctual which is of doubtful oper- 
 ation, and admits a possibility of evasion. 
 
 At the commencement of the late establishment, and the appoint- 
 ment of ^niith Bartlet as cashier, u bond was given by Benjamin 
 Whitney and Patrick Smyth, to secure the d«ie performance of his 
 duty in that orticc. By one of the last acts of the Directors that bond 
 was in part cancelled, and Benjamin Whitney alone released from its 
 penalties. A doubt has arisen whether by law it is restored to its full 
 validity in the hands of the Commissioners ; and if not, whether the 
 release docs not extend to both parties. 
 
 It has been urged that the provision in the first section, which inva- 
 lidates all transfers, ^'c. made by certain persons therein named, in 
 contemplation of the failure of said bank, contains so much obscurity 
 in the phrase " notwithstanding a further day may be given for the 
 payment thereof," as to render it liable to a construction wholly dif- 
 ferent from what the Commissioners conceive to have been the true 
 intentof the Legislature. 
 
 It may be also matter for consideration how far it would be proper 
 release the Commissioners from their charge of cancelled bills, which 
 they are not at present authorised to destroy. In consideratioii of the 
 liability which still attaches to persons concerned in the late institu- 
 tion, it might, in justice to them, he deemed fit to direct, that from 
 time to time such quantity of the bills of the pretended bank of Upper- 
 Canada as may have been redeemed by the Commissioners shall be 
 destroyed in presence of one or more of the late Directors, after such 
 manner as will best conduce to the satisfaction of all parties. 
 
 Having thus iurnished such material information as came within the 
 knowledge of the Commissioners, in performing the arduous duty as- 
 signed to them, they trust every difliculty will be removed which can 
 impede their progress, while they sincerely hope that the firial result 
 will not disappoint the just expectations which induced the Legisla- 
 ture to extend its relief to the public creditors of the pretended bank 
 
 of Upper-Canada. All which is most respectfully submittted. 
 
 ^^ C GEORGE H. MARKLAND. 
 
 Signed < JOHN KIRBY. 
 
 ( JOHN MACAULAY 
 
 Kingston, Nov. H, 182.3. 
 (True Copy.) 
 
 (Signed) G. HILLIER. 
 
^ 
 
 rovisions. 
 \y to state 
 They arc 
 iHtruction 
 ct. The 
 IS (he iin- 
 but also 
 it, render 
 voiding it. 
 Iful opcr- 
 
 ) apnoint- 
 Bcnjainiii 
 nee of his 
 that bond 
 J i'rom its 
 to its full 
 ether the 
 
 lich inva- 
 lamed, in 
 obscurity 
 
 en for the 
 holly dif- 
 ; the true 
 
 >e proper 
 lis, which 
 lion of the 
 te institu* 
 that from 
 of Upper. 
 s shall be 
 ifler such 
 
 (vithin the 
 5 duty as- 
 chich can 
 rial result 
 ) Legisla- 
 ided bank 
 littted. 
 LLAND. 
 
 APPENDIX B 
 
 •.7o M ; ExceUfncy SIR rEREGRl\H MAITLA.YD, KtMl Cod, 
 mundtr of tlu Most ILmorahle Mihtarxj Order of the Bath, Lieute,*. 
 ant Governor of the Province of Up,,er Canada, and Major Generak 
 Commanding fits MojP8ly\i Forces therein, &c &c. 
 
 THE Commissioners appointed by an act of tho Provincial Parlia* 
 ment, entitled, " An Act vesting in certain Coramissionorw therein 
 named all the Stock, Debts, Bonds, and other prop^^rty of the Pre 
 tended Bank of Upper Ca.inda, lately established at Kingston, forthcj 
 teneht of the Creditors of that Institution/' 
 Most respectfully state, 
 That observing how hopeless was every endeavonr to settle the af- 
 Jairs of the unfortunate institution confided to their caro, without the 
 adoption of compulsory measures, they determined, aller presenting 
 the first report, again to resort to legal aid ; aware, however, of their 
 habhiity to another fiiilurp,«nd of the great expenses attendant upon 
 such a result, if the whole of the detauiters were at once prosecuted, 
 they thought it advisable to act with much cirt irngpection, and accor- 
 dmgly selected the bonds of two principal debtors only, for the pur- 
 pose of ascertaining the correct course of legal procedure to be foU 
 lowetl on subsequent occasions. 
 
 A learned solicitor was employed to institute actions in these two 
 cases, and it was expected that a decision in rospect to both would be 
 obtained at the court which was to hold its sittings at York in the 
 month of March. If this decision should bo favourable, ample time 
 It was conceived, would thus bo given to put ir. a train for collection 
 the notes of those unwilling debtors, who would not pay except on 
 constraint, and whose numbers have unhappily proved to be too great 
 If, on the other hand, the attempt should miscarry, it was thought that 
 little comparative expense would be incurred, and that the experi- 
 ence acquired by the solicitor, ir. the mode of conducting the legal bu- 
 siness of the bank, would at least ensure full success to future efforts. 
 In pursuance of his instructions, the solicitor lost no time in com^ 
 mencing the actions, and having joined issue with the adverse counsel, 
 be req[uested the Board, by letter dated on the 13th of March, to sup- 
 jply him with a variety of evidence, which he conceived essential to 
 his support, and with which it was necessary he should be provided 
 before the 25th dav of the same mnnfh lVr»tivi»hati»ni4;n™. ♦»,., hjf^*« 
 space allowod for the preparation of so much important testimonifc 
 
10 
 
 Und some other difficulties which will be advcrtod to. the Ronrl were 
 enabled to dispatch their clerk with every witi.e«s and (iocua.cul that 
 was required, in L'ood season; and they accordingly obtai.ied verdicts 
 for the lull sumcbn.ned in each case, subject, however to the deter- 
 mination of the higher court upon ten points reserved by the coHnsel 
 for the delVnlants. This result beini? inconclusive, created a delay 
 of a few weeks, as the regular term for hearing the arguments on the 
 rcser^'. d points did not cotne on till the close of the month ot April ; 
 wh- n that period arrived, two points only were discussed, one main- 
 taiiiin^ that the art constituting the Board was a private and not a pub- 
 lie c" as the soli(;iior of the Commissioners had stated to it be ; the 
 other (hit the statute was unconsiituliond.and consequently void:-- 
 h6ib points wpie fully nnd elaborately argued by the counsel on each 
 si'le, but jndgmet.t was postponed, and the Board was thus ett on the 
 closing of the term somewhat perplexed with regard to the course 
 thev should pursue. No measures could saf< ly be taken against those 
 who neglected >r refused p;.yment of their promissory notes whde the 
 issue of the suits, instituted by way of experiu.ent, remained it; sus- 
 pense, because a fr.ilrre in those cases would not oily render all o- 
 lh°r actions, conducted on the same principles, abortive, but would 
 obviously entail on the institution a serious waste of funds. It there- 
 fore seemed incun b^it on the Board to remain inactive, and quietly 
 await the approach of the July term. At this period the consideration 
 of the reserved points was resumed by the Judges, and on the iHlh <l;iy 
 ofthat month, the Board received from thesolicitor the unpleasant in- 
 telligence, that judgment had at length been given m iavor ot the de- 
 fendants— The court, it appears, regarded the statute as a private 
 bill which should have been set forth as such in the pleadinijs; and 
 having thus decided one point against the Board they thought it unne- 
 cessary to examine or pro ounce upon the other nme points, reserved 
 by the coujisel for the adverse parties. , , . ,• i 
 
 To be thus foiled in their second att mpt to recover the debts ot the 
 institution by legal means, was a source of real regret to the Boar(!-a 
 regret in no trivial degree enhanced by the unlooked for delay which 
 had occurred in obtaining the determination of the court; and which, 
 besides the deterioration it caused in the aggregate value of the debts, 
 left no time to renew the suits at the court that sat at Kingston m the 
 irionth of Sept-mber. If the bench had been prepared to make ^ tie- 
 cision in April, the Commissioners would, in the event of that decision 
 toroving unpropitibus, have once more recurred to the law, and risked 
 ' a third failure at home, where they could have had ready access to all 
 the necessarv evidence, and have thus avoided theexpense which had 
 been incurred in sending proof to York on the late occasion. In the 
 actual state of things, the Commissioners could not, safely or prudent- 
 ly, commence new actions !tv lurh.. nuiv'Hij 'tv.*^ — j .,.._.._.. i. _ 
 bv a formidable array of nine points of law remaining undecided, ,but 
 they found themselves entirely without iueai»s ibr discharging tfee cost^ 
 
Tl 
 
 ^T(^ were 
 lie; it that 
 
 verdicts 
 le tletfT- 
 :> coHiisel 
 
 a delay 
 ts on the 
 of April ; 
 >ne maiii- 
 jotapuh- 
 l be ; the 
 y void :— 
 I on each 
 eft on the 
 le course 
 itiNt thoBS 
 while the 
 •d in 8U8- 
 der hII o- 
 wt would 
 
 It there- 
 id quietly 
 siderution 
 1 I'.Mhday 
 east<nt in- 
 of the de- 
 a private 
 iniis ; and 
 It it uniie- 
 , reserved 
 
 ?bt8 of the 
 ' Boar<!-a 
 lay which 
 md which, 
 the debts, 
 iton in the 
 lake 9 de- 
 it decision 
 md risked 
 cess to all 
 which had 
 n. In the 
 r prudeiit- 
 M)nfroutpd 
 ;ided, <biit 
 
 Incidental to legal procpedingg. The effects of the Bank afforded 
 then no resource.-, and they saw, that if they persevered in their 
 m-^nsures. they would be obliged to make further advances from their 
 
 private funds. ^ , i, * 
 
 That it would hr^ve been indiscreet in the members of the Board 
 aftt^r so mruivdisippointinenta, and amid existing difficulties, to as- 
 fiu ne additio'iial pecuniary responsibilities, will plainly appear on ud* 
 verting to circumstances which it la now requisite to notice. 
 
 At a very early pf^riod the Board discovered that einbarrasmenti 
 would befit in d"fravinii thf necessary expanses of their office, such 
 as the salary of the Clerk, the rent of the ofhce. and various Contin- 
 gent ch ir'ies. becuise they had resolved on no account to decline 
 receivin;,' the notes of the 'Bank in satisf iction of debts, and tliey 
 were wefl iwire. that so long as «hose notes remained in circulation 
 and at a discouat. piymehts would be tendered in no other description 
 of money. T'.ioy hal nevertheless prepared themselves to encounter 
 tern-) »r Vrv dilficulti ■» of thi-^ n itme, fu'ly relying 0,1 the speedy col- 
 lection of the debt< of the Tan'^ nd coiiceivini,^ that in proportion 
 as ihe notes were redeemed, pi> ..ents if) current m©;iey would be 
 m 'd" in su.lfici.-iit su as to iio'-t the e p'Miditure of the olhce. It le 
 needless to remark that these expt^ctulions were far from being re- 
 alized. ... 1 -.1 • e 
 Theinauspicio'is termination of the suits inslilnted with a view ot 
 marking ou' th > prop-r mo leoi" legal procedure in the year 182J, not 
 oily bl isted all >nch hopes, but had amon^ many ill effects, that, ot 
 rendering debtors i.ulifllbieiit with respect to the settlement ot their 
 notes. It i!so produc nl certain other cons'^quences which were not 
 a-iticipat-d by the Ko .rd as in a ly case possible.— 'Jwing to an error 
 alle«^'>d to have l)een ro nnitlrd by the respectable Solicitor they fmd 
 employed, th- oppos' .gCoun^el whose claim on the effects of the lii- 
 stiiutioa was very ob ious hni ig also su"ceod"d m establishing a 
 claim upon the private eifecls of the Comnissioners, obtained judg- 
 ment aminst them iulividu dly and in their private capacities lor the 
 amount ofthe costs in defending each action; and before the meir^berB 
 of the Board were at all aware of their teing thus personally 1ml) e, 
 executions directed against them, were placed in the hands of tlie 
 Sheriff. Involved in this singular dilemma they satisfied, from their 
 private funds, the demands, so enforced agai. st them, amounting in all 
 to the sum of seventy-one pounds three shillings and one penny. 
 
 A hope v^as entertained that the Legislature in revising the r.tatute 
 during its last Session, would have considered the necessity of pro- 
 vi<lingmeansf.>r carrying its enactments into effect, for tliough tfie 
 Commissioners in their report of that time purposely abstained from 
 any observation on the subject, they yet conceived that the very sma 1 
 amount of current money stated to have been received, would itselt 
 have arrested notice and suggested the expediency of immediately 
 #uppljing in isumc way pr other the funds wanted lor defraying the 
 
UOftVoulftble expenses of* the Board. Ft Is however to be lamented 
 that, instead ol any such provision being made as is here represent- 
 ed to have been requisite, the new law, even withdrew the discretion- 
 ary power hitherto possessed, of insisting on the payment of at least 
 a proportion of each debt in current money; a power, it is to be ob- 
 seived, which bad not, and perhaps never would have been exercised. 
 The same law forbade them to refuse the notes of the Bank and com- 
 inandfcd »he acceptance of certificates in redemption of debts; thus 
 leaving the Board totally without resources, and hnposing on them 
 the burthen of providing as they might, for the expenses of their 
 oflicp. 
 
 In this extraordinary situation it naturaUy became a subject of de- 
 liberation, so soon as the new law was published, whetber the Board 
 sfiould close their office and wholTy discontinue their procecdino-s, or 
 make advances from their private funds, on the presumption that 
 Parliament justly appreciating (h<! measure, would at its nevt Session 
 remedy the defect of the Statute by a vote of instant reimbursement. 
 The latter alternative having been adopted, the Board made arrange- 
 ments for paying the arrears of salary due the Clerk, and satisfying 
 various claims for rent and incidental charges ; they also defrayed' the 
 expense of sending the witnesses to York in March, which, owing 
 to the bad state of the roads at that time amounted nearly to eighty 
 pounds, and they have since disbursed other sums on behalf of the 
 Commission. The Statement herewith submitted will shew the a- 
 mnunt of cash actually advanced by the Members of the Board in 
 their private capacities, together with several accounts, for service* 
 rendered still outstanding, for the discharge of which the efTects of" 
 the Bank have furnished no means, and \chich the ComraissionerB 
 have not individually found it convenient to satisfy. 
 
 The former description of claims amount to four hundred and for. 
 ly-fbur pounds seven shillings and nine prince, the latter to three 
 
 hundred and seventy-seven pounds two shillings and eleven pence 
 
 It now rests with the Legislature to act, in regard to both, as its wis-- 
 dom and sense of justice may determine. 
 
 From the facts already detailed, it will be sufficiently clear, tliat 
 the Commissioners have made little progress in accomplishing the 
 purposes of iheir appointment. The niceties of legal distinctions^ 
 and the subtleties of pleadings have created obstacles which the 
 Board from its inexperience in such matters, certainly did not appre- 
 Iiend, and which have hitherto proved invincible notwithstanding the 
 attempts made to surmount them by securing the aid of learned Gen- 
 tlenien of experience and high professional character. 
 
 Smce the opening of their office the Commissioners have granted 
 mne certificates for claims against the late institution, amounting to 
 seven hundred and seventy eight pounds seventeen shillines, of which, 
 jour lor the sum of throe liundred nnd titty-five pounds sixteen shiU 
 l.iags and ten pence have beon redeemed, leaying tive in circulation for: 
 
 'a balance 
 —One hu 
 of Bank 
 pounds el 
 sumoftw 
 celled, lei 
 ficates, foi 
 shilling ai 
 
 Theini 
 one pount 
 
 Subseq 
 enactmeni 
 and decla 
 the Bank 
 Institution 
 mity to th( 
 four hunt 
 
 f)ence ; ol 
 ings was 
 Bank of ( 
 fects of tl 
 the Comm 
 The bal 
 four shillir 
 led by tho 
 Notwith 
 amount of 
 This amou 
 tent, to be 
 teen sbillii 
 The clai 
 the Stock 
 pounds ter 
 ihe sum of 
 twelve shi 
 mands the 
 book debts 
 eighteen pi 
 Should t 
 and eighty 
 up from th( 
 mong the i 
 pounds, fot 
 of collectic 
 Should tl 
 five thousar 
 a halfpcnijv 
 
18 
 
 'a balance of Toor hunclred and twenty-three pounds and two pente'. 
 — One hundred and thirty certificates have been issned in redemptioa: 
 of Rank notes, amounting to six thousand four hundred and lifiy-one 
 pounds eleven shillings and five pence, of which number, five for the 
 sum of two huf)dred and forty-two pounds ten Bhilhngs, have been can- 
 celled, leaving still in circulation one hundred and twenty-five certi- 
 ficates, for the sum of six thousand two hundrfed and nine pounds one 
 shilling and five pence. 
 
 The interest allowed on redeemed certificates, amounts to forty. • 
 one pounds nine shillings and five pence. 
 
 Subsequently to the nineteenth day of October last, when by the 
 enactment of the Session, the Commissioners were bound to make 
 and declare a dividend of the money collected, the Board burned all 
 the Bank notes that had been rpdeemed, some of the directors of the 
 Institution were present and assisted on the occasion.in >!ue confor- 
 mity to the Law. The notos destroyed amounted to eleven thousand 
 four hundred and eighty-ei^ht pounds nineteen shillings and three 
 
 fjence; of this sum one thousand and forty one pounds fifteen shil- 
 ings was redeemed by the Directors, but not surrendered by the 
 Bank of Canada, m whose possession it had remaii.ed until the ef- 
 fects of the late Institution had been placed under the controul of 
 the Commissioners. 
 
 The balance of ten thousand four hundred and forty seven pounds 
 four shillings and three pence, shows the net amount of notes cancel- 
 led by the Board in the course of their transactions. 
 
 Notwithstanding certain provisions of the late enactment, a large 
 amount of Bank notes is still held by the creditors of the institution. 
 This amount so far as it can be ascertained, appears in its utmost ex- 
 tent, to be seven thousand five hundred and thirty-eight pounds fif 
 teen shillings. 
 
 The claims which exist against the institution (including those of 
 the Stockholders, for eleven thousand one hundred and thirty-six 
 pounds ten shillings, the amount of their capital stock paid in,) reach 
 ihe sum of twenty-six thousand siv hundred and ninety-eight pounds 
 twelve shillings and three pence half penny. To meet these de- 
 mands the Board have io their possession, promissory notes, bonds, 
 book 4cbts, &c. amounting to eighteen thousand seven hundred and 
 eighteen pounds seven shillings. 
 
 Should the deficiency, amounting to seven thousand nine hundred 
 and eighty pounds five shillings and three pence halfpenny, be made 
 up from the stock paid in, there would be a surplus to be divided a- 
 mong the Stockholders, of three thousand one hundred and fifty-sis 
 pounds, four shillings and eight pence halfpenny, (less the expense 
 «f collection.) 
 
 Should the Cashier and his sureties ha requirpd to pay the sum of 
 five thousand eight hundred and eighty four pounds three shillings and 
 a halfpenny, stated as Iheamoy of the deficiency by the examinmg- 
 
14 
 
 •#omrmt*ee of Storkholtlors, nml oonsidpretl by the Legislature as au 
 •bstraction from the funds of the Institution, the balance of cnpital to 
 be refunded the SlockhoUlers would, without takin;; interest into 
 calculation, be nine thousand and forty pounds four shiilinps and 
 eight pence halfpenny — occasioning a loss of two thousand and nine- 
 ty-six pounds five shillings & three penc '■ halfpenny only.--In this rase 
 also, deductions must be made for the expenses of collection and set- 
 tlement. 
 
 Should it however, be deter^Tiincd thit the cashier and his sureties 
 are to beheld responsible for the whole snm which appnirs d»'fici<-nt 
 in the means of extinguishing the claims against tho Institution, and 
 which according to the general statement, snl^mitted with this Uo- 
 port, amounts to seven thousand nine hundred and eighty ponntl- five 
 ahjllings and three pence halfpenny, the Stockhol*lers wonld in that 
 case lose no part of their capital, except the proportion that mouUI be 
 -consumed in adjnstins; the atHiirs of the Rank. 
 
 The Board, in making these remarks, do not fiiid thcmsolves requi- 
 red to give any opinion with respect to the amount for which the cisli- 
 ier should be considered bound. Indeed, it might perhaps be no ea- 
 sy task to declare the precise amount for which a CidI sljould be made 
 on him and his sureties u;itll ("urh'^r progress was made in investiga- 
 ting and settling the afiiiirs of the I istitnlion. 
 
 It would however, he CNceedingly unjust, that he should bo com- 
 pelled 'o answer for any losses which may have occurred in the tiniis- 
 -actions of the Bank, or wliich may have originated in a f uify sys- 
 tem of Book keeping, unless the mism wiageinent can be distinctly 
 -tSxed on him ; at ttie same time, it is equally clear. th;!t wherever in- 
 «tan«e3of negligence cr.n be adduced in the co iduct of so important 
 -an officer as the cashier, entrusted with the general snpeiinteudance 
 of the concerns of the Binkand the safe keeping of its funds, the 
 Sjockliolders in all sucli cases have an u:idoui)ted claim on luni tor 
 ■me injury whicli such miscon Inct may have occasioned their interest*. 
 With respect to the several balances just stated, it is to be ol^ser- 
 ved that they are made under the most favourable 'ie\^ that can be 
 lakenof the affairs of the Bank ; for in computing them it has been 
 assumed that all the claims of the Institution will ultimately prove 
 good nnd bo recovered. The Commissioners however, cannot con- 
 ceal that this view of circumstances is unhappily fallacious. They 
 not only consider many of th" debts worthless and desperate, but are 
 €ven apprehensive, that after uU the capital Stock paid in, has been 
 ilcvofed to the purpose, many claims upon the Bank will still remain 
 unsatisfied, such th'jy conceive it proper to declare is the impressioti 
 made on their minds' after an .ittentive examination of the books and 
 p' lAVS of the Institution ; an impression which it would be gratifying 
 hereafter to find erroneous. 
 
 The various documents accomnanviner thi« report will serve to il- 
 luntrate the furegoing statements as well as the trfinbactionjs o,f tlie 
 
 
 6ommi8« 
 have in tl 
 of the B^ 
 quired or 
 
 Having 
 ty to the 
 mission t 
 posed. 
 
 The at 
 the Bank 
 its ailiirs 
 attending 
 such a stj 
 Board to 
 ing to ret 
 to assigti. 
 
 Twoy 
 «ousumet 
 and whic 
 a pure se 
 is with d( 
 and laboi 
 or as the 
 persons ii 
 nissioner 
 Atl< 
 
 Kini 
 
iture (19 au 
 capital to 
 erost into 
 illiiign and 
 and nine- 
 n this rase 
 oil at»d set- 
 is giirefi<*b 
 "sd»"ficieiit 
 iitio'i, and 
 h tfiis I'o- 
 poiintl-' five 
 Diild in that 
 Lt would be 
 
 dvos requi- 
 h the cisii- 
 ^ bo no c:i- 
 Id bo made 
 
 I invcsliga- 
 
 ild bo cora- 
 
 II t!u' trniis- 
 fulty sys- 
 
 •0 distiiiftly 
 liorever i;j- 
 > impuriaiit 
 intoudanoe 
 V liinds, the 
 on bun tor 
 ir intorf'sta, 
 o 1)0 obspr- 
 thatcan be 
 it has been 
 Jtely prove. 
 cannot con- 
 ous. They 
 ale, but are 
 in, has been 
 still remain 
 impression 
 books and 
 »e gratifying 
 
 serve to il- 
 lionjs of tfi.e 
 
 ^ommiBsioners pjrnerally, and will furninh all the (nrormation tfiey 
 have i{i their power to communicate rewpccling the prei^ent conditioti 
 of the Bank, they are not aware that any further exphmation is re- 
 quired or can be given. 
 
 Having tbu^ exhibited an account of their proceedinsj in conformi- 
 ty to the Statute, the Board in concluding, respectfully entreat per- 
 mission to resign their trust to the Legislature, by whom it was im- 
 posed. ' 
 
 The absolute failure of all their endeavours to culloct the debts of 
 the Bank, the very i emote prospect of any satisfictory settlement of 
 its all.iirs, the entire absence of mer.nd for defraying the expenses 
 attending such settlement, and the many aniioyances incidental to 
 such a slate of things, these considerations all unite in impelling th» 
 Board to solicit exoneration — other reasons, it is true, exist for wish- 
 ing to retire from the couimissiori which it does not appear necessarj 
 to assign. 
 
 Two y^ars of earnest appKcation and unceasing solicitudes vainly 
 •onsumed in the discharge of a duty, alike unpleasant and thankless, 
 and which was not merely unsought, but reluctantly undertaken froin 
 a pure sense of respect for the high authority that enjoir>ed it, do. it 
 is with deference conceived, constitute as great a sacrifice of time 
 and labour as under all the circumstances it is convenient to tnake, 
 or as the Legislature and the country can reasonably require from 
 persons in no wise connected with the Institution, except as Com- 
 loissioners. 
 
 All which is humbly submitted. 
 
 (Signed) 
 
 Kingstoth Qth January, 1826. 
 
 JOHN KTRBY, ■ 
 JOHN MACAULAX 
 
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 S '^^ -» c, S '^. ^ 
 
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ttt 
 
 dlnlfment of Cnsh a'lranrti:! hy the Jlnnbrrg nf (he Ihard. tn (heir prwoUt 
 <a >acilt's,fn fiay ent of !ie expenses of the Oj/irc </ Ihe tionrii /or 
 st'tiiiig the uf.iirt of the PiclemUd Hank of Vppir Cohm>hi. 
 
 
 1 '»', I'liil iivimlliin; ex|i>Mi'*es of eieht poraorts unit to York as witn :»• 
 • f". iiihe H'lii* d:ti'f»l Burtlett nnd D.iMoii, 
 r." i liir*! I'f 2 »vn!>iiiis from Kinif^tcin to '.fllvillc, 
 P.'1'l hiri' Iff '.' 'Ii'inlis from B«llville lo York, and from Iherice 
 It irk In Kmu«ton, 
 n Pnlil Ml. Shoiitr VI 'I,enii iimount of »>Kcrution<t dir^(;t«»il i«t».iinnt 
 Ih" ^.ioil!i .ml cliiitti'U iif thi'. cotinii^-ionerit for cost* of 3 iiiit* 
 27 I' lirl T I omkiiH f>r |>riiiliii); iiml Hdveilisiiig, 
 
 29 I' li I ff'nl of an Odce for one yew, 
 P.iid lltij{li C. I lioiiiisoii for ndvertifting ill tlie Upper Can iJu Ilo- 
 
 rrdd, 
 Piiicl (lip Clt>rk l>:ilf»iir« ot lii* s il;irv. 
 F li.'l lhi> Clerk his ■irconnt of co'iling;*"nriflf, 
 , f'.iil one vt-itr'* int<^iest on d loiniof oA'jOU obt;»ineJ from the bank 
 ol lliipor ' iinidii, 
 Piii I John Kirhv for Stationary, 
 P.iid J. Macanl ly for «li>. 
 July 28 I'itid the f'li»rk a qiurtcr'^ "alarv to ?">tli inst. 
 Oct. 3 1 P.iid the Clerk i q>i irier's nalary to 25th inst. 
 
 Paid Mr. SJiRrilT .Vl'Loan, expciition ig.uii'it the cood'* and chattels 
 of the meinbcrii of the Board for cost* of tuit against Thomas 
 D-ilton, 
 Dec. 'i\ Paid .laniiiii NickalU liis account for nervices as clerk on transfer 
 of the I^ank j'fft^cts, opomur hooks. 4*0. Sfc. 
 
 30 Pud the Cli-rk hi* nnlarv f)' .iqn fler ondiiiuj on 2jth proximo, 
 P.ii! n(B . rent fur 3 quarter* to 29lh proximo, 
 Paid for post.igos, 
 
 £ 4U 7 
 Jf. B. 'iiterest ha.s not been incliidec! in the forewoinir statement from 
 tho date ef each advance, though it is obviou^ily due. 
 
 Kingston, 30th December , 1824. 
 
 E. UllQUHART, Clerk. 
 
 •ii <) t'l 
 
 3 
 
 30 
 
 i^ J 
 
 9 Id II 
 
 39 
 
 G 15 «l 
 
 77 17 I i 
 
 S 17 lOJ 
 
 IB I 
 
 I 9 2 
 
 7 4 6 
 
 .11 .5 
 
 ■■^l i 
 
 18 3 
 
 12 
 
 10 
 
 
 
 31 
 
 6 
 
 
 
 tl 
 
 U 
 
 
 
 
 
 5 
 
 n 
 
 KlNGSTO.y, '2d April, 1824. 
 
 £5 
 
 F^pceived from the Board for settling the aflf.iirs of the pretended 
 Bank of Upper Can.vli, lately pslahlished at Kini;ston, the sum of Five Poiiads, Curren- 
 cy, io full for the hire of two tt- iniii, with a driver to each, to convey seven perauus 
 from Kingston to bellville, having signed duplicate receipts. 
 
 JOHN A. M. ROSS. 
 
 KLYGSTOIV, ^d April, 182 J. 
 £ .3.1 ! ' 1 n 
 
 Keceived from the Board for settling the affiirs of the pretended 
 
 Bank of Upper Canada lately established at Kingston, the sum of fhirly-three Pobn* 
 
if 
 
 .m^ven •thillinjj* nn I T-n-pence, C irrwncv. in full fir *hf hire of two t«nm<. with h dri^ 
 T'»i I,) "''i, t'» •'in'»ycmii' |»'»P« ) i-i iVo II iJ 'llvilt • 111 V'.'t, (I I If III . I ■ iCi' i».iCi4 lf» 
 JKii^filou, <((JJ lor *!«jiuii*o* un. HTod wiiil* .let linoil ill Ymk. 
 
 H<iviu^i«i,{iiuil (lii|ilic iti' ri>ri'i|.|4. 
 
 IIIO^IVS >fc:i,SOV. # 
 
 N. R. — Til "'» po'inil* plev^n •hillin** imd ton-peno' in th" wn'iiri rHioipi, wn |>iiiil 
 Ity lilt) citirk, .Hid iii>:.iiUti>l in lii* acount of UMvclliiiiox •" •• • in > I'lM i; in jC It .1 *>4 
 
 i:. iJiui iiAur, cit'ik. 
 
 [COI'Y] 
 
 n«(pive(l. Kins«ton, 17ih April, iR2t, of John Mirmiliy. l-«q. thf ^nna 
 of Fifiy-lhre ' Pkhi !< m I Oil" P'^'inv, infill illhiM't- ex f(Ml o s i;; iii*t itiP Itoin'i lile 
 G Mirge . It'rnliiii T M irldin t. John Kirhy, in I ili>> <i.ii<l Jinn Al i i'il.i\ . in fivnr of L wit 
 Oiy. Willi iin I) il'iiii. iiiiil \Vi|liiiii itivirl Sn'h. •i.mhj t'n) c mI* n riiii'i* l>v ii'MQ 
 bt'oii:{ht. lis (-. >in.ni'>fiiniiHr>t lo tlut pretcnJud bank uf Upper CHii;id:i iig'iiust llic»>iid Day, 
 U.iltua mid Smith. 
 
 F..i'wis Dnv'-* Kxpcntion, iJ 17 IS 1 
 
 Wm iJilioirs diito. IS y 8 
 
 Siuilb'* ditto, lii 1 s 4 
 
 £ ri3 I 
 fSinnp.r JOHN M L::\\, Sherl^ Af >). 
 Certified to li»- :i tni.' ropv. 
 
 E. lI.tClJUAllT, Clerk to the Boird. 
 
 KrSGSTO.V, llth April, l??4. 
 ;6 9 1« 11. 
 
 Rpcoived frnm the Board f>r "tptilmstlip lirair-' of thf' prplcnd* 
 
 ed Rink (if UppiT Citnala, l.ilidy <?st.ii>li.sli''d at K n,r?»i<>ii. in iImm I'nnim-e. ilir -nin 
 of nin'» pounds I'isliti-ijti ■iliilliii::^ mid tdnven p<'ii ci curri'iicv, in full i>\\ tlie piy- 
 menl of tl)e Hccount* uttnclied li -nMo. 
 
 Having reigned duplicnto rcci'i|it«. 
 
 TllO.MAS TOMPKINS. 
 •Account attached to original. 
 
 Tlie Board for sPttlini; tlio aif i'in of ilr- prctf^ndol TVmk of Upper 
 Cuiiaila, Intoly cs fiMishod ril KiiijijHto'i, in (his Pnivinco, 
 
 I'o f p hlslatr ol the Jii'i' iMUT'irr He c'f ■•'•', '^'■. 
 
 For the reii! <d" a "hop fir an nifi'^t; fnitn lli.' JO April, 1823, I f' • 
 
 i'otli April, I8i4, being ono joar at j^Jti u 
 
 Kiiiiftton, 'Jfith Apri', 1R24. 
 Keceivkd 1' VVI N: 
 
 JOHN KIRBY, Exerulor. 
 
 
 £36 
 tended Baiii( 
 
 KIJVGSTOy. April , 18M. 
 
 Heceivpd f'-,m (hp Roard for settling the alfiirs of tho pre- 
 ic- Canada, , , 'v pstahli'^hfid at Kiiiii^ton. in this Provincp, ihe 
 
 f Ihe 
 
 sum of thirty six pcinds, cnrrpncy. ia ''ill for ihp rent of a ship, the property nf the 
 laic Lawrence llerchmer. occupiyd by the ahoy.- nampd Board, as an office fom 
 one year. Having ^iijnpd •I'lidi'-atp rrr'JT.ts. 
 
 JOHN KKIBY, Execulon 
 
t8 
 
 — Rorfivc.1 from fie Ho,tr.l i.,, '^tiling the ntFiiirt of tli« pre 
 
 wmli.,1 n..nk ui lJ|.ppr C.i.iiidi. I.iely f.i..Oii»iie.l rti Ki.iK»i,)(i, m ti.is l'i.,» iuc!, ii,e 
 • wni ul itix poiiui. lin.'.ri »i.ilhi.;;^, tmrein,>, in lull lor adveitwinB ""lice ol ike 
 ■letlnnj ul itio Lojiil, rtuttviil ui nuifo. \,v.. liliv 'hid weikx. 
 
 lliiviiig »i(iiicu (lu|ilicuiu HeciMplii. 
 
 u . . 11 t;. iuoAidox. 
 
 rer iccuunt atLiclied to oiiginul. 
 
 The Bou-' for snftliMif (he nfTnirH of \he prrtorulfd Ri>iik of Lpper 
 
 Cuimda, lntv\y eslahlislird til Kiipstoii, in iIih Province, 
 ^ 7" /v/i/v r / I rt/i'li(f/, Dr. 
 
 To oneyoHi'* «i.l.iiy, Irom the .:(.lli .\|Mil, ldJ3, lo 2jtli A|iiil, 18..; I Jt;!..'-) 
 
 fr, "■' 
 
 Py r:)«h iiT'<iv>.l fiom llif tircLMidpfl Rink of I'. Cannda, £17 2 Oj 
 By cudli ruc«iv«d from tlio L.^-.rJ of Coii:initjioner», £ll 17 | n 
 
 Kingston. 2fiili April, (8.' . 
 
 i:. LliQlJiJART, Chri. 
 
 JC 1 ""i O. 
 
 A'/.VG.STOT. 2!V/* ./?/.,//, lfi24. 
 
 Rrroived from Mic Roird for Pcttlir.tr the iiffiir.! of {In pr»tp«. 
 
 di-d b.ink <'f Tpo^r C.iiiud., Iin.lv e.(il)li-licd .it Kinv'^ion. in this ri<,viiici-, tli« lol- 
 
 louiii? -iiin» .f rnohov, vi/ — X 17 J ( A fioin the I'liiid- of the |)ri>lcnde,l P.,,nk of I p. 
 
 p. r ran.id:., Mfi.l ,il-otlie siiiii of £77 17 Mi. fro n the priv.ii.. funds of the conimw- 
 
 ■ «oiierii. Ill lull fdi one yeur'i 8.ii,try, .is per a<;count hereto att.iched 
 
 Jf47 2 f«i. 
 
 £77 7 I*. 
 
 II:iving signed diiplicnto n cnipts. 
 E. URQUIIMIT, Clerk to the Board. 
 
 
 The Boar! for «ot(Iing tho nflHiirs of the pretended Rnnk of Uppei 
 
 Cuimda, lately estnblislied .it Kinerslon. in this Province, 
 V'o Ell ir (I'd f,f/i/i.or>', Dr. 
 
 To pail' for n > cords wood for o/Tice at lOs. each, 
 
 To paid fir s iwiii' do. 
 
 To paid di«roiint to Rank of Caniulii, 
 
 To paid postage accoiiri,, 
 
 f5y cash in full from the Board of Commissioners, 
 
 Kingston, 26th April, 1824. 
 
 £10 
 
 6 
 
 1.5 4 
 
 16 OJ 
 
 £> 17 104 
 
 £2 17 lOi 
 
 E. URQUIIART, Clerk. 
 
Si4 
 
 „j ,, 104 '^/^'^ GKORGK, '20lh Apn'l, 1824. 
 
 •* 1" Rerciveil from the Bo.ird for sctUmg tht- aflairs ol Hie prften_ 
 
 Jert Bank of I rprr Caiimla, l.telv f.labli.hf .1 at Kingston, in this Fiovince. lK« .un. of 
 f^o pou,.W .ovlmoeu -hilling, and t. upenc. half-pennj', bein,; in ( 11 lor coni.ngenc.e. 
 .um'lied th« oUicft of iLe above I oar.l, nx per account bereiinlo allached. 
 " ll;Mii)£r «ignp<l (lnpliriile receipts, 
 
 t:. UHUIjHART, clerk to the BoanL 
 
 Preten<lcd Bank of Upper Cannda, 
 
 1 o Jiii.n hir'iy, 
 
 Dr. 
 
 April '.28, To one diistiiis brunh, 
 
 oiie I'.apcr icil ink powiier, 
 May 2, Cash for oflice tape, 
 
 Jany 5, To on*" papt^r ink powder, 
 
 April 30, half re:un of roolscap paper, 36i!. 
 
 £0 9. 6 
 
 1 3 
 
 (1 8 
 
 1 .■} 
 
 17 fi 
 
 £1 it 5 
 
 King^'ton. SOili April ISM. 
 
 KEcKiVf.P I'a, MtNT [.>r Tolin Kirby. 
 
 JACOB llEKi HMKR. 
 
 ^^'^ hlNnSToy. -'^th Afiril, 18 4 
 
 . Received from the Board f)r m tdiiu the affair of ih^i pr.-fen- 
 
 ed B..t.lv of i;,'l>er C.iir.ula. l.t^-lv e-t,.l.li*l.e.i at Kin..ston, n. this rroviiice, the ^^•.n of 
 n,.p.-i.nd nine s.uiIin-» and lw«-pence, currrn'-.v, ii. full for tlu- pa>m^nl oi the ac- 
 
 £1 n 2. 
 
 OIH' I 
 
 ci.iint attached iiercio 
 
 Having sisneii duplicate rcC^Mpt-, 
 
 JOHN KIKI.Y, 
 
 The Commissioners for setllini; ihe anairs of the late pretended 
 
 Bank uf Upper Cannila, 
 
 I O Jo' 1)1 J\t<tf:,l 
 
 18.3 — M'l'l 11 
 
 2tJ 
 
 May 
 
 102t 
 
 June 
 July 
 Nov. 
 I)c. 
 -leb. 
 
 March 
 
 6 
 4 
 IG 
 2U 
 13 
 12 
 14 
 \) 
 19 
 
 'I'o 1 lilmiiv look, 
 
 To 1 <lo do 
 
 To 1 Ke.ttn foolscap paper, 45s. 
 
 ■| o l(-0 quills 
 
 To 4 sticks Scaling WaX, 'Jd. 
 
 'J'o 1 box Waf( rs 
 
 'I'o I i'ewler Inkstand, 
 
 To 1 do do 
 
 To -4 yds. Green Baijie, 3s. 
 
 To 2 vds. do. 
 
 To i doz. bl.irk Lead Pencils, 
 
 To 3 sticks Scaling Wax, !)d. 
 To paid Morley bis aci ount, 
 To 1 quire Foolscap paper. 
 To 1 quire Foolscap paper, 
 1 o Cash paid for a copy new Law, 
 'I'o 1 quire Foolscap paper, 
 i o 4 quires do do at 2s. 
 
 Kingston, 2Hth April. l-i.'4. 
 Rfckivkd Tavment,— J. 
 
 uUiy &^ Co. Dr. 
 
 
 \2 6 
 
 
 It! ^' 
 
 
 2 5 
 
 
 090 
 
 
 3 
 
 ■ 
 
 1 S 
 
 
 2 
 
 
 2 6 
 
 
 076 
 
 
 6 
 
 
 X) 3 9 
 
 
 1' 3 
 
 
 Oil 9 
 
 
 2 6 
 
 
 2 6 
 
 
 6 3 
 
 
 2 
 
 
 8 
 
 4 C 
 
 MACAULAY «<fc Co. 
 
, 1824. 
 Ilie (Hftcn- 
 I. the funi of 
 ontingencief 
 
 Jioard- 
 
 Dr 
 
 
 
 •e 6 
 
 
 
 1 3 
 
 
 
 (1 8 
 
 
 
 1 3 
 
 
 
 17 fi 
 
 HMKR. 
 
 /, 18.4 
 
 Uin |>rrren- 
 B, thfi >uin of 
 nl of llic ac- 
 
 I-, 
 llil.Y. 
 
 pretended 
 
 'o. Dr. 
 
 \2 6 
 
 U It! I'l 
 
 2 5 
 
 090 
 
 (» 3 
 
 1 S 
 
 2 
 
 2 6 
 
 7 « 
 
 6 
 
 X) 3 <) 
 
 i' s 
 
 on 9 
 
 026 
 
 2 6 
 
 6 3 
 
 2 
 
 8 
 
 k» 
 
 £7 4 a 
 
 VY &. Co. 
 
 i5 
 
 ATVO.STO.V. 29//J J»nn7, 19?4. 
 £7 4 6. 
 
 BerpivpH. from the Board for Bettlini; the iiffiiirs of the prt-lcncled 
 
 Bank of U|i().'r Canii'lii, lat. ly » ihli-hed iit Kii)gst,)n, in iIhm province, the .sum ol se- 
 Tiii (joiiii Is. f)tn shillings and sixptnce, currency, in full for the payment of the ac- 
 couut altHched hereto. 
 
 Having signed duplicate receipts, 
 
 JOHN M.'VCALLAY cV Co, 
 
 ;e3l 5 0. 
 
 KI.YGSTO/^, 2&h July, 1824. 
 
 Reroivpd from the Hoard forscttli-ig 'he nffiirs of the pretended 
 
 Bank of {][>_):■: Cmudi. iIim su'o ■>( thirty-one |>ouiid> fm: shijliii};--, rurrencv, in f I'l 
 for a t) i.irior'n *.il»ry due me as clerk to llie .^aid Boanl, from the 26th April to the 
 25th July, mstiun. 
 
 Horinx siirned duplicale receipts, 
 EDWARD ViH^UllAiiT, Hierkuf the Board. 
 
 jt-.TI 5 0. 
 
 KIXGSrOX, 3Ut October, 1824. 
 
 Rpcpived fr'>m the Bo^^d for settlinii the affairs of ilie pretended 
 f'ank of L'piier Tanad, I. ih-? -un -f liiirty-one pounds live shillinsi-', curionrv, in UAl 
 fi>i I q'lartiM-'.-! salary due me as cl. rk to the said Board, from the 26tti July to the ^5ih 
 Octuijei, iorilunl. 
 
 Havins^ si ned duplicate receipts. 
 EDVVAKD UKQLIJAKT, Lterk to the Duard. 
 
 .€18 3 0, 
 
 (COPY.) 
 
 Received, Kingston. 2d M;iy, '8C!4. of .Tohn Maraulay. Esq the 
 glim of eighteen pounds three slnllinns, heing in full of .m ex>ciiiinn asaio'^'t the hon- 
 ourable GeorL'e H Markland, John Kirhy ind .lohn iVJaeaulay, Esquires comini>.-i n- 
 er!< and tnislee.s, comp'i'inir Ihn Hoard foi setllin:; the affair- of the pretendid Bank of 
 Upper Canada, estahlished at Kingston, for the costs in the suits by them commenced 
 against Thomas Dalton. 
 
 rSi-ned) JOHN McLEAN , Sheriff Mid . Dist. 
 
 Certified to he a true copy. 
 E. UnnuHAKr, Clerk to lln Board. 
 
 h'lNGSrOK Decemh>-r. 1821. 
 
 Tlie Commissioners for settlinaj the aff irs of th ' pretended Ba; k of 
 
 Upper Citiiada. 
 1 o J '>/>€.' Nirfafh'., Jun^r. /)'••. 
 
 For servi.'Hs pe,i nn d a- el -r.< 1.. uie ..-oard 011 ii> uri foiuia 'O , corres- 
 ponding with Mr. Stanton on the subject of givini; up the bouks and 
 papers of 'h • late B ink to the Board, entering its niinnles, (fee. nn- 
 si'tingMr Urquhart. the present clerk, to open the books, nnd vari- 
 ous aitsndances at r.iher timea ...£12 10 
 
 D 
 
CorUfipil to bo a true ropy, 
 E URftUHAM, Clerk. 
 
 KlNGSl^.y, 30(ft December, IS "I, 
 
 £"^ 
 
 L Roreive.l from thfi Bo«r.l for .rttlinit iho n(r..ii- of the pretcn-l^d 
 -. . ^ ., ri 11 ii.r r, MUhi'il lit KinMstoM. in yh\< inovmi-i', the sum ot 
 
 ., ,L0 ..ia'Boara, from .l,« M,h Oc.„i..r .„ >h,. « \-';, ;'«-•• . 
 
 ^ E. UUQUHAlir, Clerk. 
 
 KljyGSTOS, 20th December, 18:4, 
 
 ^'^ 1!L- P..c.ivP.l from the Ronrd for set.lin-r the .flfmrs of the pre'en-leJ 
 Ban. of Upper Cann.U tSe s....f ;wentv-..ve. P-t^^'r^i!;.'? H;'!.. '^ ol 
 
 ary, ltis25. //„v/ni' siVmr/ duplicate receipts. 
 
 JOHN KIRBY, Executor. 
 
 Statprnpntofncco-intsfor services rendered the Eo:ird for so tiling 
 r allairs ot ihe pretended Bank of Upper Cat.ada, winch re- 
 main unpaid. 
 
 Cl'othersiirs account for a.lv.-rtisinK in the Weekly Register, 
 Jameo McFHrlane's account as printer an.l notary P'lbhr, 
 Hen y J BonltonV account of c«-t. in tlu. .„.t aga.u.t I homaj D .Iton. 
 Tlenrv J. Br.«Uon-s account of cost, .n ti.e .u.t :«i«""\S Ba leU, 
 AliHn McLean* .rronnt of co-ts .n 1.0.,;-- a..,n.t S. Bartlett, T. Dal- 
 too, W, B. Smith, Lewis Day. & William Dalton, &c. &c. 
 
 4 1 
 
 
 33 a 
 32 19 
 
 7 
 
 
 2 
 8 
 
 296 9 5 
 
 377 2 It 
 
 Kingston, 8th January. ■i^^S. 
 
 E, UUQUHART, a^rfc 
 
 rcoPY.) 
 
 YORK, Z&ih October, 1(123. 
 
 (l.:.i Bank of Upi.er Canada, 31 lines 28 weeks, 
 NoTcmber, I To postage with order to didcontinue, 
 
 9 
 
 4 1 
 f 
 
 J 1 r 
 
 Certified to bo a true copy. 
 
 B, URQUHAUi", W«**. 
 
I, Jhn'r. 
 
 pretcii(I''d 
 the surn nf 
 Qc, as clerk 
 
 Clerk. 
 
 1824. 
 
 • preieiulpJ 
 all fn- lie 
 
 IT 
 
 • The Board for settlitig- tli«" affairs of tlir prp'niflod Brink of Upper 
 Canadu latel_y established iit Kiuj^btoii, 
 
 To James JMcFnrlane, Dr» 
 
 y 
 •i 
 
 th R 8 I 
 
 t;i Jam- f 
 
 
 ceutor. 
 
 
 r sottlitig 
 vhich re- 
 
 
 4 1 7 
 
 
 33 2 3 
 32 19 8 
 
 
 296 9 5 
 
 
 3r7 2 It 
 
 
 , Clerk.- 
 
 
 ', 1823. 
 
 
 k 
 
 f, Dr. 
 
 9 
 
 
 \ 
 
 4 1 
 » 
 
 
 « 
 
 4 1 r 
 
 
 ISiS-June - 
 
 9 
 
 19 
 
 21 
 
 .July 31 
 
 -August 2 
 
 18 
 
 September 10 
 
 13 
 
 29 
 
 November 15 
 December 2J 
 
 T.. pioi ■iiiir (iroiiiis-or* nolodr.'.wn by lloiiry Tliorjif 
 
 ill fitvor (if npiijamiii FairfnM for 20/. 
 To protestinc proiui^^ory note driiwii liy FrHiicis Knyiu's 
 
 in fitviir of ArchidHld Uiclimond fur 104/ 
 To protrslini: promi-sory note <lrnwii by Theodore 
 
 Brof koti in fiivor of David Kn^'li-li for 10/. 
 To protes'in'i proniissory notP drfivvn by Andrew Austin 
 
 in favor of Benjamin' Olcott for 431. lOs. 
 To pii'ti-s-ii'i'i promi^soi V note dr-iun by Simeon Morrcll 
 
 in favor of Hcnjim'n Olcott for 30/. 
 To protcstiim i>rorais-<ory note drawn by John Brewer 
 
 m favor of John Harkes for 19/. 7s. 2d. 
 To protpsting promis?ory note drawn by Orange Haye.s 
 
 in f vor of Haldfin & 'Moore for 25/. 
 To proieslinfj promissory note drawn by Etienne Petrie 
 
 in favor of Archibald Kichmonil for 25/. 
 To prot'Stini? promissory note drawn by Archibald Mc- 
 
 Doncll in favor of Pat. .<^m>'tb for 4"/. 
 To proieslin^ promissory note' drawn by David Perry 
 
 in favor of i\. Periy for 10/. 
 To prot 'stine; promissory notP drawn l)y Elij di Beech in 
 
 favor of Micajah Purdy for .'J9/. 4s. 7id. 
 fo protesting promissory note drawn by George Smith 
 
 in f ivor of the commissioner* for settling the affairs 
 
 of the pretended Bank 4 Upper Canada C"/. 3s. Od. 
 To protestinfi promissory note drawn by Archibald Mc- 
 
 Dnnell in favor of John McLean for 30/. 
 To piotestin? promissory n')tc diawn by John E\critt, 
 
 Jan. in favor of John Everitt, Sen. tor 78/. 6«. 9d. 
 
 To inserting notice to holders of cerlificati?, &c. in the 
 
 Knurston I'hronicle, 51 lines, 
 To continumg do 2 weeks at Id. per line, 
 
 1, 
 
 A true copy 
 
 Currer.;/, £ 
 
 E. URQUHART, 
 
 12 6 
 
 li 6 
 
 12 C 
 
 12 G 
 
 12 6 
 
 12 6 
 
 12 6 
 
 12 6 
 
 12 6 
 
 1 6 
 
 12 G 
 
 12 6 
 
 12 6 
 
 12 6 
 
 8 15 
 
 17 
 
 8 6 
 
 - I. I ■ .^.-1. up 
 
 10 
 
 Clerk, 
 
28 
 
 (COPY ) 
 
 The Board, fcc. 
 
 vs. 
 
 Dalton. 
 
 If. a. Michaelmas Term, 5th Geo : 4:1ft. 
 COSTS. 
 JSIichnelmas \tk Geo: Mh. 
 
 Instructions to pro-eciite 2 *. iittonHin? for writ, 2s. Gd. 
 
 I HiH for wit 3s. fee on writ. .")■* rouy Is. 
 
 Isotice OB copy So 6d. attending Slientf as. 6d. postage Is. 6d. 
 
 Hilary Term, Aih & Hh Geo: A'h. 
 
 >(tr>n(1injt to senrch for return 2s. 6d. attending Sheriflf 2s 6d. 
 
 Piiwini Afiiittvit of i<ervi(e, '>». sweiirine Is. 
 
 Atteniliiis to tile R.-turn, 2s. Cd. paid Is. postage of return paid 
 
 Is. 6d. 
 Attend to search for appearance. 2s. Pd. 
 Dr-iwins: D.cl.iration , i foi 5s. fid. 2 copie- Ss. 6d. 
 Aticndins to tile declariitiin 2s Cd. paid 6d. Attending to serve 
 
 ci>p_v 2s (d. 
 Demand of plea ropy and servicf, ^f. fid. 
 Attending court when motiuii made for time to plead^ 
 Term Fee, 
 
 Drawing copy of bo d (^ver having been demanded,) 6 fol. 6a. 
 
 copy ;^s. attending to deliver «imi«\ s. (J. 
 Attindina to ex mtine ple.i? filed wilh c pies, 
 Instructions t.ir rtpliciitino to ple.ts, 
 Drawing repliralion and demu/er, 4. fol, 4 r< pies, 49. 
 Aitcndinu to tile replication, 2s. Od. paid fid. Attending to 
 
 servo co\t\ 2s 6d. 
 Dr.'wiiiu as iiinment (if breaches 5 fol. 
 Ei sjrossinsi tlie paper liDok 31 fol 
 
 Atlendin£ fur r le tn return 2 . Od paid Is. fee on rule, 58. 
 A'tendme to deli\»T paper l>ooii, 
 Notice nfd'ial, 
 Eiiiros>'ii)i; r'-cord 34 f d. 
 Ati'-ndinu to p.t«« and fee f)«. paid 5s, 6d. 
 Eni'^ring prociedinifs on Roll, 32 fol. 
 Attending to file Hnll, 
 
 Iristnictions foi brief ,')s.Drawin!r same "0 fol. ."Os. 
 Copy for coiitjsel 15*. alteiidins; him therevvitit 2s. 6d, 
 Fee to Co nsel ,md altt^ndina, 
 F<c to s'TOTid r'i)iinsel, 
 Atendiugio euter cdusei 2a. Od. assize fee, 6s. 8d. 
 
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 Ennt^^r Term. 5'k Geo. 4tk. 
 In«trnrtions tn arsne poims roservei), 
 
 DiMwinu briff 9 » fol. OOs. Copy 4ji.. Attending counic!, 2s. 6d. 
 AlteniHpir Court to arnne points resorved, 
 Fee m» argument, ..'33 4d. 'Jerm fee 5s. 
 
 Tmiihj Tern, ^th Geo. 4 th. 
 Attpnrline court to move lor .lud^mcnt 
 
 Fee OH Motion 11'*. ««!. Httending court when Judgment given 
 2s. (id, I crni fee ia. 
 
 -Atleni^ine for a «<nbpocna2«. 6d. paid 2s. 6d. fee 5s. Altendine 
 Four subpapnii tickets. 
 
 
 
 3 
 
 
 
 6 
 
 17 
 
 6 
 
 
 
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 8 
 
 4 
 
 28 
 
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 29 I. 
 
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 Clerk of Asfizp. 20<>. Sheriff for vervicoZs. 
 Distringas js. .lury lis. crier 4t. 
 
 Certified to be a true coj>y. 
 
 6d. 
 
 £ 
 
 30 
 
 15 8 
 
 
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 33 
 
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 E. URQUHART. CUrk. 
 
 The Board, &c. 
 vs. 
 Bartlett. 
 
 B. R. Michaelmas Term. 
 
 ) COSTS. 
 
 Midaehnait 4th Geo. Ath. 
 In-tr)ction« to prT^ecite 20s. Atfending lor writ, 28. Cd. 
 raid for writ, 3s. fee on »vrit, 6s. ropy, Is. 
 Notice on cop>, 38. 6d. Attendmg Sheriff 28. 6d. postage Is. 6d. 
 
 Hilary, 4 th and 5th Gen. Ath. 
 Attending to s<!arch for rpturn. 2^. 6d. attendinjjj'heriff, '2t. 6d. 
 Drawing aHidavit of service, and attending to swear, .Js. paid Is. 
 Altendingto tile return, 2s. 6(1. paid Is. postage of return. Is. 6d. 
 Attending to search for appearance, 
 Dnwing declaration, II fol. 1 l,s. 2 copies, lis. 
 Attending to tile declaration. 28. bd. paid Cd. Attending to serve copy 
 2«. fid. "^ 
 
 Demand of plea, copy, and service. 
 
 Attending court when motion made for time to plead, 
 
 Term lee, 
 
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 OfawingcoHy of bonds. 10 fol. (oyer having becB demanded,) 108, 
 
 AltemliS lo'deliver copy 2^ 6.1. attending to search for i)lea 38. 6d. 
 
 Aueiiding to ex,imine pleas filed with copies, 
 
 Instructions for replication to ple«s, 
 
 Drawing demurrer and replies, 18 fo'. 
 
 2 copies. 1 8s. iUtend. to file demurrer, in. 9d. paid 6«U 
 
 Alipniling to serve copy. 
 
 Drawing a^'signraent of breaches \6 fol. 
 
 Eiierossin? the paper book 7G fol. „ , . „ aj 
 
 Atten.ling to deliver, 2s. 6d. Attending for rule to return 2«. 64 
 
 Paid for rule Is. fee thereon, Ss. 
 
 Nolue of trial, 
 
 Ei^rossing the Record 78 fol. 
 
 AUeiiding to p tss and fee, 5s. paid 5s. 6d, 
 
 Entering pr.icee.lings on roll 76 fo'* 
 
 Attendiiifffile roll. 
 
 ItistrtK liono for brief Sj.. drawing same 40 f«l. 404, 
 
 Copy f r < ounscl 2 s. attending counsel 2s. (3d. 
 
 Fee to coiiuxel and attending, 
 
 Fee to hvc >nd council. 
 
 Drawing iwo notices to produce a pamphlet and topi«Sj 
 
 Attending court 6s. 8d. Attending to enter cause 2s. Od- 
 
 Attending frr siibpanas 2s. 5d. paid for 2 subpaenas 5*. 
 Fee thereon, 10s. aitendiog Sheriff 28. 6d. 
 
 {iix ticket^-. 
 
 C?tprk of Assize, 
 ShjTiffSs fid. .listringas 6^ 
 .lory 1 js. Crier 7^, 
 
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 €ertifiei to be » true copy. 
 
 H. URQUHART, Cleri. 
 
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 IT. £7eir*- 
 
 a I 
 
 (COPY.) 
 
 The Commissioners for settling the ofTnirs of the pretended Bank 
 
 of Upper Canada, 
 
 To Allan JlJcfjcan, Drs. 
 
 hia~\ym\ 12 
 
 10 
 
 6 
 
 2 
 
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 3 
 
 2 
 
 
 
 12 
 
 1 
 
 4 
 
 12 
 
 1 
 
 4 
 
 12 
 
 1 
 
 4 
 
 12 
 
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 4 
 
 2 
 
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 2 
 
 
 
 
 
 To rt Gen«iriil Re iuner, 
 
 To Sundry altend;inrps and opinions on the du'iject 
 
 ofuhtnining the pnpcrs oftliclato Bnnk, 
 To this ^tim charged by the Solicitor Genentl for no 
 
 opinion on the Law, 
 Co costs of -nil, M.irki.ind et. nl. vs. narllot, 
 Co costs of suit, iMarkliind ct. nl. vs Thomas Dallon, 
 To do do vs. W. B. Smjth, 
 To do do vs. Lewis Day, 
 To do do vs. \\m. Drilton, 
 To Drawing Assignment of Dalton s Bond, 
 To do do Bartlet's 
 To the following counsel fees to Mr. Jonas Jones, in 
 
 the cause of Thomas D.dlon, 
 To do do W. B. Smyth, 
 To do do VV. Dalton, 
 To do do Lewis Day, 
 Instructions tosiie as per list transmitted to me hy the 
 Tank commissioners, and retainers, being 181 
 Suits, 
 To notices to the persons included in suits, 
 To costs ofT. S. VVhiiaker, 
 
 To altendinc: commissioners on several occasions, and 
 instructions in the suits instituted at York, a- 
 gainbt }3artielt and Tnllonj 
 
 The charge which composes the sura of £ St, and jC 32 12 6, the actions were no^ 
 Conijuued, in consoquence of the suits tried at York, aud many points reserved, not de"- 
 ilded on, prevented the foregoing actions being continued. »;^ 
 
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 10 
 
 
 
 3 
 
 10 
 
 
 
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 10 
 
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 Certified to bo u true copy, 
 
 K. URQUHART,CIetfc" 
 
82. . . . 
 
 List of persons holding Stock in the pretcmlcd Bank of Upper 
 
 Canada. 
 
 cl - 
 
 a> —. 
 
 J 
 
 i 
 
 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
 8 
 
 9 
 l(J 
 11 
 12 
 13 
 11 
 16 
 10 
 
 i; 
 18 
 19 
 
 20 
 
 2i 
 
 22 
 13 
 24 
 25 
 26 
 27 
 28 
 ^\) 
 30 
 31 
 32 
 33 
 34 
 35 
 31) 
 37 
 38 
 
 sr^ 
 
 40 
 41 
 4'J 
 43 
 44 
 45 
 
 NAMCS. 
 
 \tistiii Aiidrc'v, 
 Vrnolil I hnm<s, 
 V<hci Al"x iii'Icr, 
 \im«troi)i; J.iinf>«, 
 Ximtron^ [C. W. 
 \rni<>ur & Slipddoii, 
 Biilfoiir John M. 
 i'JiUtlett Smith, 
 liell John, 
 
 ■iirker Abrim, 
 
 ■ rinvii D.ine^ 
 Crown Peter C. 
 Hliinchiin! KpluMim, 
 Renson Jarn^s. 
 Hivntiiin I') irns, 
 Bcuch tlij ih, 
 l>oullon II. J. 
 Rrorkrtt I headore, 
 Bryunt J.inies, 
 Bowermin I.Tael, 
 Blewer John, 
 Cliifo John G. 
 Colemon riii>ni;is, 
 Chisholm Wilham, 
 Ciimming, John 
 Corry, John 
 Coleman. Robpit, 
 Colter, J.imp* 
 Cummines, Benjamin, 
 Coy H^.ff.d, 
 Coleman, KichiirU 
 
 Davy, Peter 
 
 Denyke, Andrew, 
 
 Dongal. James 
 
 Dalton, Thomas 
 
 D^lton, William 
 
 Day, Lewii 
 
 Dnima.'e, Elias, 
 
 r'",vans& Atkinson, 
 
 Edirar. David 
 
 F.veiitt. John Junr. 
 
 F.n!ili«h, David 
 
 Ferifuson, J. W. 
 
 Forward, '.''Ol P. 
 
 -» c 
 
 >*i ■- 
 
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 5' 
 
 as 
 
 3^ 
 
 3* 
 
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 — s) 
 
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 250 
 
 so 
 
 10 
 
 S.'.d 
 
 80 
 
 5 
 
 1?-. 
 
 40 
 
 I'J 
 
 300 
 
 9(i 
 
 5 
 
 120 
 
 40 
 
 h 
 
 Vlh 
 
 40 
 
 10 
 
 2 
 
 80 
 
 93 
 
 2450 
 
 7C4 
 
 J 
 
 m 
 
 16 
 
 i. 
 
 125 
 
 40 
 
 10 
 
 2;.o 
 
 80 
 
 2 
 
 50 
 
 i6 
 
 5 
 
 125 
 
 40 
 
 5 
 
 12 
 
 40 
 
 5 
 
 12,-. 
 
 40 
 
 1 3 
 
 375 
 
 120 
 
 27 
 
 (-7 
 
 216 
 
 5 
 
 1 '-. 
 
 40 
 
 2 
 
 50 
 
 Iti 
 
 5 
 
 125 
 
 40 
 
 \.> 
 
 2:.0 
 
 80 
 
 3 
 
 73 
 
 24 
 
 5 
 
 125 
 
 40 
 
 ^ 
 
 12. 
 
 40 
 
 20 
 
 500 
 
 lao 
 
 3 
 
 75 
 
 24 
 
 10 
 
 250 
 
 80 
 
 6 
 
 J 50 
 
 48 
 
 6 
 
 125 
 
 40 
 
 3 
 
 75 
 
 24 
 
 3 
 
 75 
 
 24 
 
 6 
 
 125 
 
 40 
 
 6 
 
 126 
 
 40 
 
 5 
 
 125 
 
 40 
 
 91 
 
 2276 
 
 728 
 
 a 1 
 
 137.-. 
 
 440 
 
 15 
 
 375 
 
 120 
 
 4 
 
 100 
 
 32 
 
 10 
 
 250 
 
 80 
 
 .*> 
 
 125 
 
 40 
 
 ;0 
 
 250 
 
 80 
 
 3 
 
 7^ 
 
 24 
 
 10 
 
 25(. 
 
 80 
 
 6 
 
 12-1 
 
 40 
 
 2 
 
 .50 
 
 16 
 
 nEJlAKKS. 
 
 Lemg 3 J per ceut od each. 
 
 o 
 
 4G 
 
 47 
 
 48 
 
 49 
 
 50 
 
 51 
 
 52 
 
 5.3 
 
 64 
 
 65 
 
 56 
 
 57 
 
 59 
 60 
 Ci 
 62 
 63 
 64 
 6y 
 SG 
 
 67 
 
 68 
 
 69 
 
 70 
 
 71 
 
 72 
 
 73 
 
 74 
 
 7o 
 
 76 
 
 77 
 
 78 
 
 80 
 
 81 
 
 82 
 
 S3 
 
 84 
 
 85 
 
 86 
 
 87 
 
 88 
 
 89 
 
 90 
 
 91 
 
 92 
 
 P3 
 
33 
 
 Ui 
 
 STc 
 
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 47 
 
 48 
 
 49 
 
 50 
 
 51 
 
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 53 
 
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 56 
 
 57 
 
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 60 
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 63 
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 16 
 67 
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 69 
 
 70 
 
 71 
 
 72 
 
 73 
 
 74 
 
 7j 
 
 76 
 
 77 
 
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 79 
 
 80 
 
 81 
 
 82 
 
 83 
 
 84 
 
 85 
 
 86 
 
 87 
 
 88 
 
 89 
 
 90 
 
 91 
 
 92 
 
 m 
 
 NAMES. 
 
 Ferguson, John 
 Kitz (iibbon, James 
 IFiirlpy, DaniRl 
 (j'liilderslieve, Henry 
 Gardner, James 
 Grant, John 
 Ur.il) tni, Henry 
 Hermans, J. L. 
 
 Hagerman, Danie! 
 Hawley, Sheldon 
 
 Hawley, Davis, 
 
 Hagerman, C. A. 
 
 Hynes, John 
 
 Hayes, Orange 
 
 Harvey, Theophiliis, 
 
 Johnston, Stephen & Co 
 
 Johns, Solomon 
 
 Johnson, John 
 
 King, John 
 
 Lasher, Henry 
 
 Lamb, W. B. 
 
 Lake, John 
 
 McKenzie, Collin 
 
 iMcLeod, Neil 
 
 McDowal, Robert 
 
 McLean, Jo!in 
 
 Moore, John 
 
 Miles, Stephen 
 
 Murney, Henry 
 
 Vlorriil, Simoon 
 
 Moore & Holden, 
 
 iVIisani, John T. De 
 McDonell, Archibald 
 Aliligan, John 
 Madden, John 
 Meighan, Robert 
 Madden, Thomas 
 McGregor, Hii2;h 
 Murphy, Thomas 
 
 >lcott, Benjamin 
 Perry, Ebenezer 
 Povi^lcy, James 
 Payne, W. R. 
 Perry, Daniel 
 Palmer, Noble 
 Perry, Robert 
 Perry, David 
 Purdy, Micajah, Juo. 
 
 e 
 
 
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 S 
 
 ?* o 
 
 D 
 
 <j\ -~, 
 
 SU 
 
 3) _ 
 
 01 
 
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 g 
 
 ^? 
 
 3* 
 
 10 
 10 
 15 
 10 
 
 5 
 
 5 
 10 
 15 
 10 
 
 5 
 
 1 
 20 
 10 
 
 5 
 
 4 
 
 60 
 
 2.')0 
 
 250 
 
 375 
 
 2.-0 
 
 l-'6 
 
 125 
 
 260 
 
 375 
 
 250 
 
 12. 
 
 25 
 
 600 
 
 250 
 
 125 
 
 100 
 
 1250 
 
 125 I 
 
 4 
 
 loo 
 
 10 
 
 260 
 
 5 
 
 126 
 
 25 
 
 625 
 
 o 
 
 60 
 
 6 
 
 160 
 
 4 
 
 1000 
 
 4 
 
 100 
 
 26 
 
 625 
 
 !0 
 
 250 
 
 lO 
 
 260 
 
 •^fi 
 
 500 
 
 5 
 
 126 
 
 5 
 
 105 
 
 lo 
 
 250 
 
 10 
 
 950 
 
 3 
 
 75 
 
 2 
 
 50 
 
 30 
 
 750 
 
 1 
 
 55 
 
 lo 
 
 250 
 
 5 
 
 125 
 
 5 
 
 125 
 
 4 
 
 100 
 
 3 
 
 75 
 
 5 
 
 125 
 
 7 
 
 175 
 
 25 
 
 625 
 
 5 
 
 :25 
 
 2 
 
 50 
 
 10 
 
 350 
 
 J=9 
 •< o 
 
 _ r> 
 
 REMARKS. 
 
 80 
 80 
 120 
 80 
 40 
 40 
 80 
 120 
 80 
 40 
 8 
 160 
 80 
 40 
 32 
 400 
 35 
 32 
 80 
 40 
 200 
 16 
 48 
 320 
 32 
 200 
 80 
 80 
 160 
 40 
 40 
 80 
 80 
 24 
 16 
 240 
 8 
 80 
 40 
 40 
 .12 
 ?i 
 40 
 56 
 200 
 40 
 16 
 80 
 
 being • J per cent on eactr. 
 
 10 
 
 2fl prar cent tnly, 
 .3, pjr cent Oil eacljt. 
 
'I 
 
 ",1 
 
 34 
 
 h 
 
 NAMKS. 
 
 94 iPetrie, Eliennc 
 
 9& 
 
 96 
 67 
 
 Vi' 
 
 99 
 
 100 
 
 lui 
 
 102 
 10.1 
 104 
 105 
 lOfi 
 1 7 
 108 
 109 
 110 
 111 
 112 
 
 li.-J 
 
 114 
 
 115 
 116 
 1 'i 
 1 " 
 110 
 l-'O 
 12' 
 1?2 
 13 
 14 
 12J 
 
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 ■-< 
 
 
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 fi) 
 
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 1 
 
 
 s 
 
 atten, Andrew 
 Kichtnond, Archibald 
 Kicde, " ary Ann 
 Kildigor, NicholiU 
 ll.itter, John 
 {icbmond, David 
 llaynes, Fnincis 
 Richurdson, Robert 
 -Smyth, Amey Anne 
 ■^tuart, George O'Kill 
 •Smyth, Piitrick 
 .Stoughton, John 
 Spencer, John 
 Stennett, William 
 Smyth, W. B. 
 Small John 
 Spillsbiiry, F. B. 
 St.inton, B borl 
 Shepard, Kbpnezer 
 Scintlobiiry, John 
 Thomson, Hugh C. 
 Thorp. Henry 
 Thompsion, Joseph 
 Vincent, John 
 
 Jnderhill. Thomas 
 WhitH'iy, Benjamin 
 Whitaker.Tlio*.S.4-Co 
 Wilson, James 
 VVanl, Elijah 
 vVrtrd. Thomas 
 
 WataoD, J. 
 
 20 
 
 5 
 
 31 
 
 6 
 
 6 
 
 5 
 
 2 
 
 10 
 
 "iO 
 
 4 
 
 10 
 
 10 
 
 lO 
 
 6 
 
 16 
 
 
 
 IZ 
 
 3 
 
 5 
 
 10 
 
 20 
 
 5 
 
 6 
 
 .s 
 
 4 
 
 6 
 
 60 
 
 40 
 
 7 
 2 
 2 
 
 500 
 lib 
 
 77.7 
 125 
 123 
 125 
 60 
 •250 
 600 
 lOO 
 250 
 25 ' 
 250 
 126 
 
 375 
 2^)0 
 SOO 
 
 7^ 
 
 125 
 
 260 
 
 ,500 
 
 1 .'5 
 
 126 
 
 12a 
 
 100 
 
 150 
 
 l6i'0 
 
 1000 
 
 '75 
 
 60 
 
 60 
 
 26 
 
 X J4»26 
 
 S.2. 
 
 160 
 
 40 
 
 24B 
 
 40 
 
 40 
 
 40 
 
 16 
 
 80 
 
 ]60 
 
 32 
 
 80 
 
 80 
 
 •0 
 
 40 
 
 l20 
 
 «0 
 
 96 
 
 24 
 
 40 
 
 80 
 
 160 
 
 40 
 
 40 
 
 40 
 
 32 
 
 48 
 
 4«0 
 
 3.0 
 
 5G 
 
 1<3 
 
 16 
 
 8 
 
 II 136 10 
 
 Ae«oar 
 
 REMARKS. 
 
 •Jiine 
 
 RECAPITULATION. 
 
 125 Stockholders. 
 
 1393 shares subscribed for at £25 each, making the nommal sum of ^34,8?S. 
 On 1388 >harps 32 p( r cent has actually been paid in, and on 5 shares 26 per 
 cent (iitlv, owking togethtr ;eil,136 10 actually paid in. 
 
 KinijstoH, bth Januarv. 18 '5. 
 
 t. UKQUHaRT, Cltrh 
 
35 
 
 •June 
 
 f je34,8?i. 
 larcs m per 
 
 Clerks 
 
 Ac«omit «r billg 
 
 Date. 
 
 3 
 
 i:' 
 
 6 
 7 
 
 8 
 9 
 10 
 1, 
 12 
 3 
 14 
 15 
 IG 
 17 
 -0 
 2l 
 22 
 2,3 
 J 4 
 25 
 2G 
 •27 
 28 
 21) 
 30 
 .31 
 32 
 33 
 34 
 35 
 36 
 37 
 30 
 59 
 40 
 41 
 42 
 43 
 44 
 45 
 46 
 47 
 4» 
 47 
 50 
 
 of tho prctcnde<l Bank of Uppor 
 hy certificates. 
 
 TO WHOM GKANTKD. 
 
 1. 
 1. 
 
 14 
 1 
 
 jy 
 
 21 
 26 
 
 2y 
 
 30 
 
 9 
 
 10 
 
 13 
 
 17 
 
 lb 
 
 25 
 2« 
 27 
 
 2f! 
 
 sol 
 
 o. . IVliiikMnd, 
 D,ivi(J Haitkii), 
 
 Do. 
 J. Harris, 
 r>Hvid Kiinkiu, 
 
 Do. 
 A. M'I.eod, 
 H. Griffin, 
 
 C. ruic«ll. 
 R. ^1. Long, 
 MGill and Company, 
 ^ Brook.*, 
 
 ('. Bowniin, 
 J. Siin|iMijn, 
 J. C. Bird, 
 
 D. Fislier. 
 H. Colrm.in, 
 J. Mitchell, 
 VV. Camphpll, 
 John .M Kenzifl, 
 William iJrisroll, 
 Jonas Abbott, 
 Alexander Prine;1(>, 
 I'rinslf »nd Jlacaulay, 
 J I'. Biwers, 
 
 B. M. Long. 
 
 D iTJd J{ankin, 
 
 J. Carey, 
 
 Claikand Street, 
 
 L. Vaughiin, 
 
 H. Wood, 
 
 John M'Kcnzie, 
 
 David Bankin, 
 
 K. M. Long, 
 
 Forsyth, Richardson & Co 
 
 Grorgp Tisdale, 
 
 O. Bobbin*, 
 
 Gporgo Btouse, 
 
 J. ' . VVilliaHjg, 
 
 D. Smart, 
 
 Wm. Dalton, 
 
 A. Shaw. 
 
 A Ferguson, i 
 
 S. & W. Spragg, 
 
 S. Srriptore, 
 
 J. -M'Kenzie, 
 
 Jonas Jones, 
 
 J. S. ftlarwin, 
 
 Carried forward, 
 
 Canada redeemed 
 
 Amount 
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 8 
 10 
 
 51 
 
 52 
 53 
 54 
 55 
 
 
 12 
 
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 57 
 
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 59 
 60 
 
 
 31 
 
 61 
 
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 11 
 
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 64 
 
 
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 21 
 
 67 
 
 
 25 
 
 68 
 
 
 27 
 
 60 
 
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 5 
 
 70 
 
 
 11 
 
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 12 
 
 72 
 
 Oct 
 
 2 
 
 73 
 
 Nov. 
 
 4 
 
 74 
 
 
 24 
 
 75 
 
 may 
 
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 76 
 77 
 78 
 79 
 80 
 
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 24 
 
 81 
 
 D«c. 
 
 29 
 
 82 
 83 
 
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 9 
 
 83 
 
 
 12 
 
 86 
 
 
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 87 
 
 
 20 
 
 88 
 89 
 
 
 27 
 
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 March 
 
 6 
 
 91 
 
 
 8 
 
 92 
 
 
 17 
 
 93 
 94 
 95 
 96 
 
 
 18 
 
 07 
 98 
 
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 99 
 100 
 101 
 
 
 14 
 
 102 
 
 J. B. Mncuuluy, 
 I). Chisholme, 
 Jonti^ Abbolt, 
 V. (Jliidsford, 
 II. Norton, 
 F. Collins, 
 (}. N. Si-ytnour, 
 A llookiT. 
 J W. Little, 
 K. Villus, 
 J. McKenzie, 
 a, Brouse, 
 Mcdill, and Dowie, 
 J. McCutchon, 
 Thomas McCormick, 
 .1 I looker, 
 J O'Doniivan, 
 I). Sutherland, 
 J. Porteous, 
 D. Thompson, 
 A Webster, 
 C. Jonrs, 
 iMoUon & Son», 
 C. Ueado, 
 David Kiinkiii, 
 James diordon, 
 George Brouse, 
 J. 1'. Bowers, 
 
 F. VValfib, 
 
 A O'Connor, 
 David Rankin, 
 W. F. Gates, 
 J. Dunn, 
 A. M'Lean, 
 James Woods, 
 Wm. Clans, 
 A. M'Pherson, 
 II. Johnson, 
 
 A. M'Lean, 
 John Yi'wng, 
 Job Loder, 
 
 J. Applegarth, 
 H. G. Fcrsjth, 
 Francs Baby, 
 
 G. Silbort, 
 
 B. Mooney, 
 
 A, & W. Morris, 
 R M'Kenny, 
 J. Dunham, 
 D. Smart, 
 D. Rankin, 
 D. M'DonfcU, 
 
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 ttl U1I(J(II 1(11 VVIlIU, jg 
 
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 '1'. MiirklunJ, 
 
 J. VViiJiiimi, 
 
 J. I'il/gibbun, 
 
 T. 'roriiinre, 
 
 Willi, ini Cliitholme, 
 
 Hugh C. riioiiiM)!), 
 
 Ilfiljje A; LviiMti, 
 
 Nii'holiiit Anicv, 
 
 I'. II. Iliiinillon, 
 
 JHinex \\o()il», 
 
 J.imes Cooper, 
 
 Win, Diiscoll, 
 
 Jonas Jones, 
 
 J. R, Robin on, 
 
 L. Vanghati, " 
 
 \. M'Lenn, 
 
 W. F. tiirtes, 
 
 Ji»iui C»rey, 
 
 H. D. Sewtll, 
 
 J. H Aiiiinis, 
 
 J. 1\. Armstrong, 
 
 J. lluD^cl, 
 
 A. Bigelow, 
 
 'i liomHS DicksoB, 
 7'iiomiis Dirkjon, 
 James Gordon. 
 
 ToTAr fsSVEli, 
 
 DEDUCT, 
 
 C iincelled and 74, 73, 70, 77, & 78, itisued 
 
 in lieu, 
 Ucdot'ined IJ. Johnston's, 
 
 do. H. Norton's, 
 
 do. D. Cbisholme's, 
 
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 In circuliition, : 
 
 Kingston, 8th Jannarv, 1825. 
 
 E, UhQUH.4RT, Clerk. 
 
 A 
 
3d 
 
 Certificates issued sundry persons on account of claims against the 
 pretended Bank of" Upper Canada. 
 
 Date. 
 
 Num- 
 bered 
 
 TO WHOM ISSUED. 
 
 Amount Curry. 
 
 1623— May 7 
 
 23 
 
 J"ly 11 
 
 1824— Jan. M 
 
 May 5 
 
 June 1 
 
 11 
 Oct. 9 
 
 19 
 1 
 2 
 3 
 4 
 5 
 6 
 7 
 
 1 
 
 18 
 
 2 
 
 3 
 
 Williiitn Duthie, 
 Thomas Har(, 
 Nicholas Raditfcr, 
 George Stevens, 
 Charles Nevis, 
 James FitKGibbon, 
 Jerry Whitehead, 
 John Spencer, 
 Juiiu Crooks, 
 
 Total Isswed jC 
 
 DEDUCT. 
 
 N. Ratliger's redeetiied, 
 VVm. Dulhie"i do. 
 George Stevens' do. 
 Charles Nevis s do. 
 
 Total redeemed, £ 
 
 Balance in circulation, £ 
 
 103 
 IU2 
 
 4 
 
 2.30 
 
 17 
 
 16 
 
 11 
 11 t 
 
 17 
 
 8 
 f) 
 7 
 
 ti 
 
 5 
 
 13 
 
 8 
 6 
 
 6 
 5 
 6 
 6 
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 7 8 
 
 '7 
 
 
 
 1825— May h 
 July 23 
 Sfpt. 17 
 Oct. 18 
 
 4 
 
 l-'3 
 
 230 
 
 17 
 
 10 
 8 
 6 
 
 9 
 
 10 
 
 (3 
 
 
 355 
 
 
 
 ,0 
 
 « 
 
 42t 
 
 2 
 
 Kingston, 8th January, 189r). 
 
 E. UuC^UHART, Clerk. 
 
 Debts dtie sundry persons on book accounts by the pretended 
 
 Bank of Upper Canada. 
 
 NAMES OF CREDI ORS. 
 
 AMOUNT. 
 
 Armstrong, Jack 
 
 1 
 
 
 
 Ai^her, Alexander 
 
 7 
 
 10 
 
 
 Armour and Sheldon 
 
 7 
 
 10 
 
 
 Arnold, Thomas 
 
 74 
 
 17 
 
 5 
 
 Austin, Andrew, 
 
 3 
 
 10 
 
 
 Brayley, James 
 
 2 
 
 
 
 Brown, Daniel 
 
 150 
 
 9 
 
 11 
 
 Barker, Abraham 
 
 11 
 
 
 
 Bryant, James, 
 
 oO 
 
 16 
 
 3 
 
 Ciimming, John 
 
 10 
 
 3 
 
 
 Cotter, Jamee 
 
 9 
 
 
 
 (Carried forward, £ 
 
 318 
 
 16 
 
 7 
 
ainst the 
 
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 i 
 
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 17 
 
 3 
 
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 5 
 
 10 
 
 
 9 
 
 11 
 
 16 
 
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 3 
 
 
 99 
 
 Coleman, Richard 
 Coylo, Michiiel 
 C'limminc; Heiijainin, 
 Clu(e John G, 
 Day, Lewis 
 D'jitnage, Kliaa 
 D;i»y, Peter 
 Denyke, Antirevr 
 English, David 
 Frtlick, Christopher 
 Gardener, James 
 Graham, William 
 Hart, J«hn 
 Haw ley, Sheldon 
 Haulny, Davis 
 Haynes, John 
 J'lhnston, Stephen 
 Lasher, Henry 
 Meifrhan, Kobert 
 Madden lohn 
 M'Kenzie, Collin 
 M'Dowall, Kobert 
 Murphy, Thomas 
 PowJey, James 
 Perry, D. 
 Petrie, Etienn* 
 Pringlc, John 
 Richardson, Hobert 
 Kichmt.nd, Archibald 
 Stennett, W'iHiaji 
 Salmon, (leorge 
 Shepherd, Ebenezer 
 Spillsbury, T B. 
 Scintlebury, John 
 Smith, W. B. 
 Sinclair, Akjcander 
 Smith, Geiirge 
 Stanton, Robert 
 Taylor, Samuel 
 VValmouth, Williaia 
 Whitney, Bcnjamia 
 Watson, John 
 
 Ward, Tbomafr 
 
 rougiit forward, £ 
 
 
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 10 
 
 
 
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 74 
 
 
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 1 
 
 16 
 16 
 
 74 
 6 
 
 £ 
 
 1388 
 
 6 
 
 «i 
 
 
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 1391 
 
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 16 
 
 7. 
 
 t!jDg*ton, 8th January, 1825. 
 
 E. UUQLHART, CA./^. 
 
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44 
 
 Debts due the pretended bank of Upper Canada by sundry 
 
 sons on book accounts. 
 
 pee- 
 
 i _ ! _ L. I. 
 
 NAMKS OF PERSONS. 
 
 Amount currency. 
 
 REMARKS. 
 
 Boiilton, G. S. 
 Billfoiir, J. M. 
 Benson, James 
 Bartlet, Smith 
 Branch, Bnak U. S. 
 C»rey, John 
 Campbell, Duncao 
 Dalton, Thomas 
 Evans and Atkinson, 
 Fpijjuson, John 
 Graham, Henry 
 Graves, George, 
 King. John 
 Wi«ani. J. T. De 
 WDonell, Archibald 
 M Lean, John 
 Madden, Thonnas 
 M'Donell, Archibald, 
 iM'Lcod Alexander 
 JM'CIt'neirhen, George 
 "'Hn:ihan, Anthony 
 Olcott, Benjamin 
 Bayne, W. R. 
 Ross, William 
 Badiger. Nicholas 
 Reid, MaryAno 
 Stewart, William Estate 
 Stoughton, William 
 Scott, William 
 Whitakei, Thomaa 
 
 
 
 6 
 
 6i 
 
 26 
 
 4 5 2 
 1 
 
 4389 
 35 17 
 
 5 
 29 lo 
 
 3476 2i 
 iT9 17 
 16 8 
 726 12 10 
 140 
 109 2 6 
 25 
 4 13 9 
 3 
 
 Balance ot bond 
 
 Balance ot bond- 
 
 8 6 
 
 
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 2 
 
 16 
 1 
 1 
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 2 
 7 
 
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 12 10 
 
 9 9 
 
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 37 8 
 
 2 13 
 
 26 
 
 267 11 
 
 8i 
 
 3 
 
 
 
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 6 
 
 
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 2 
 
 £ I ' 9596 13 
 
 Kingston, 8th January, 1825 
 ... ^- URQUflART, r/er/t, 
 
 Debts due the pretended bank of Upper Canada transferred to the 
 ^ Doard by K. Coleman, late agent at York. 
 
 DEBTORS' NAMES AMOUNT^ whose hx.os .x ..ks.«. 
 
 James litzgibbbon 
 
 BcT. Sampson 
 
 Thomas Dalton 
 
 W. George Hepburne 
 
 ISf} 
 
 i36 9 5 
 
 100 
 
 ?6 
 
 £ 3ri6 7 6 
 Kingston, tth Junuary, 1835 
 
 H. J. Boulton's, Esq. 
 S. W ashburn's Esq. 
 The Board's 
 S. Washburn's Esq. 
 
 1 wo notes of hnnd.' 
 Return'd bill ofexcb. 
 A note of hand. 
 Returned draft 
 
 E. URQUHART, Clerk. 
 
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 lowhotn^vaa referrod the report of the commissionrrs nnpointcc^ 
 
 under th» provincinl statute 4th Goo. IV. chnp J'Jd, for Lcttlinir 
 
 the aftairs ot the pretended Bank of Upper Cana(hi and also the 
 
 petition ot John Cumming, Esq. and others, prating that they may 
 
 ho rehevcd from the restriction imposed npon Iheni l)y the suiil 
 
 atatntoin respect to the alienation of their real estafnhave eon- 
 
 Buiered (he matters referred to them and agreed to tJie lbIlowin<r 
 
 report ; — ^^ 
 
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 of that pushed la.t sc.s.wn m ;.memh„enf. an.l havini; pern.e.l the report of the con 
 
 n,.s..oner. cannot but eipres^ their regret that .iuce the l.-n.h.tnre leemu.l i, expe 
 
 .Lent o .ntcrfere, the.r .nterp.ition .houM have provcJ. hirhcrto. so very i Uec'S 
 
 Notw.thsranHmg the measures of the commissioner., .letaiied in their pr./en a .1 
 
 in hn.r prece.hng report, lhocre,htors are to this moment wholly un.-al..fie,I an the 
 
 only ohject wh.ch the legish.t*e could have had in vio.r ,em .ins unaccomplished So 
 
 luV!h.rlV *'^ '.'* *"°'^^T°"' ''^ concerned, ,vhom it was the desire of the le- 
 gislature to protect, .ns to l.ttje purpose to examine whether the obstacles comnh. n- 
 
 flu ^, \^r'"'":?""''''''''''''"'''"S their proceedinijs were really insurmoun- 
 table arid vvhcther.n the execUt.on ofthose powers commitle.l to them, they pursue I 
 always the most judicious courie. ^ P'lrsueu 
 
 The great error, in the opiiion of the committee, seems to have been in the nartir 
 alar mode ofiuterferenccadopfcd by the legislature, and although it is probable that 
 most. It not all, of thodifficuitie, which undoubtedly »vcre left in the way of the com 
 miss.oners, might, if foreseen h.ve been effectually renjoved ; the committee are of o- 
 pmion that a system more simpfc might have been adopted which would have affoided 
 a speedier and more certain indemnity to the public, with less chance of injury to the 
 stockholders or directors of the Jistitution. ^ 
 
 To the last consideration the 'tommitlee would not willingly appear (o attach too 
 much consequence bccasue they arc sensible that the slockholderr, when they crea 
 ted an institution in direct violation of a positive statute are fully answerable for all tho 
 bad consequences to the pablic.jhoughthey may have arisen entirely from the mi-con^ 
 duct of directors who must have been chosen by themselves, and with respect to the 
 directors, the same reasoning apj)lies with additional force. On the other hand how- 
 ever, as security to the public ^v^smosl probably the only motive for leeiilativo inter 
 terence the committee conceiva thit course was to be preferred which' was likelv to 
 attain that object with the least |.jury to ihe association, because the indirect penalty 
 which, under any law of this kirtl, would fall upon the stockholders and directors, must 
 fall unequally and might very probably be most injurious to those who had the least 
 share in producing the mischief, and who would nevertheless be least willing to en 
 deavour uaproperly to evade th| consequences. 
 
 It appears to the committee, tjat instead of taking out of the hands of the association 
 the management of their affairs, t would have been more prudent and every way less 
 objecnonahle to have enabled tHem to compel the payment of debts contracted with 
 them and to have made it theirjinterest to settle with their creditors with the leist 
 possible delay— taking care to pjrovide an ultimate recourse upon the property of the 
 stockholders for making good fiy deficiency. i r j 
 
 These results could, in the obinion of the committee, have been best accomplished 
 by an act containing the provisiins of the bill which they now beg leave to report— 
 and which they are aware, would have been liable to much le-s exception had it beei» 
 adopted before interference in Jinother manner had been attempted. I he committee 
 have not hiiled to consider the objections which may be urged bv the stockholders a- 
 gainst putting matters on this fodting at so late a period, but at the same time, they ar« 
 ssnsib.s thatths lesislntufe haujiio other object in view but (he protection of the pub. 
 
 
 ■M 
 
1: 
 
 4K 
 
 lio, anH that if they hnve hithrrto fuled in oxlcndins nilief, tlie pflrsoiid creating llui 
 ilIe^M! institution h;ivo, neither in the rn tnnM;f,:n«nt of it, nor by tlieir oindncl Hince it< 
 fiiilure, ost.ibli-'hed iinj cl.iim to a co^iderntinn that shonid now interfere with the 
 public inter' sf 
 
 Thf: coDDmit'tee rojret much to (iiid bow lieavy an expense ban been incurred by the 
 commissioners in tbodi«rb,irs;e of a vcr> Hrduou" und disigreo^tble duty imposed on 
 them by the lofiislature foiwliicbt.n rpinnner-lion whit -ver wa* provided: tbev have 
 exnmined the iifxounis wbicb sb'MV tli it the sum of £411 7 9 tin« boen artiiu'lly dis- 
 bi)r'<ed by the cnniini*>.ioi!er4 from "bcir private means, and thai for jf377 2 It they 
 are -till mondly. if not legidly, •'eiponsildo : 
 
 T'lepropiiety of tikini; tins claim of the commissioneM into immediate consideration 
 need not be enforced by ih • 'KnimittL'e. , 
 
 .\ CAMV. 
 
 JOHN- STR\CUA,\, On the pnrt of ihelenUat'ivr coin.cil 
 JO!IM M. ':<)BINSOX, cAoirmtin, c#/nffl»</ee house of' assembly 
 WILLI A -I MORULA I HJ * h 
 
 DWir:) JONES, I 
 
 /mnt tommittee room, ]\ih Jpril, IH25. ) 
 
 FINIS/ 
 
 
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If creating tiu! 
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 iciirred by the 
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 77 2 II the^ 
 
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