REPORT OF THE PRESIDENT OF THE BRANCH BANK AT MOBILE
{"character_count": 2342, "word_count": 399, "ccnet_language_score": [0.9657999873161316], "ccnet_perplexity": [813.4000244140625], "fasttext_language": ["en"]}


 To he Hon. Speater q the House o Representation of Alabama:

 SIR; Under prescribed duty, herewith proceed to communicate To you, and through you to the gene ral assembly, report touching the operations of the Branch of the Bank of the State of iabama at Mo bile, to which l beg leave to append condensed statement of it's debts due and running 10 maturity, made up to the 18th October, 1Sll.

 For more detailed statement 1 would refer to the report of the cashier, from which every particular connected with the operations of this branch be ascertained

 l am not aware of any items in the state of the Bank that require particular explanation, unless they be ihe two showing an inc. eased circulation, and considerable amount ol protested exchange. These can be accounted for and explained in the following manner:

 The present board of directors, when they entered upon the discharge of their duties, were desrous of pursuing of polio, which would, by easy de- gree, have reduced the circulation oi the Bank and with view to the resumption of specie payments at the earliest practicable period were disposed to cir cunlscrbe discounts upon accommodation paper, and to confine it's operations principally short business paper, and to purchasing domestic and foreign ex- change. But 1t soon discovered that this res trictye policy would work great distress to the peo- pie, and be the means of Subjectng large amount of property to breed sale, and consequent sacrfces.- The condition of the country prepared for sudden contraction. The directors therefore relax ed the policy first intended to be adopted, and modated 1t to the exigenees the times and in thIs way the present ability of the bank debtors to pay was duly consulted, and the acquisitions of the board shaped to meet it.

 It is possible much more of the suspen led debt could have been collected by suit and the sale of pro- perty under executions. While this course might have enabled me to make more favorable report of the condition of tine bank, yet the fact canno e dis gused, this policy would have produced great dis tress, and brought many to immediate hauiS uplcy, who, by longer indulgence could work out of ieit, and ultimately save their property; an those who have permitted themselves to be sue,; have no just ground for complaint. The directory. in ordering