COMMISSIONERS REPORT.

PLANTERS AND MERCHANTS BANK OF MOBILE To the Senate and H. use Qf Rcprese'1atiUe4 9 the

 tSfaIs of Aiqbdhla.
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PLANTERS AND MERCHANTS BANK OF MOBILE

 To the Senate and Hguse ef Representatives ef he

 lSfate of Aiabamd

 The undersigned Commissioners appointed ny HIS Excelency the Governor to examine into the conui- ion of the Planters and Merchants Bank of Mobile, beg leave report that they entered on the discharge of their duties the 18th day of Octaher last, and continued their examination to the 2oth when It was competed

 The statement hereto appended was found to con- tain concise and account of all the assets and liabilities of the bank.

 The assets that are immediately available fall short of the liabilities ofa similar characters but the large of notes and bills maturing m the course of d few weeks, and which are considered good be- yond question: amply sufficient to enable the bank to meet all it's engagements. During the past year a large amount of suspended and doubtful paper has been converted into real estate, which yields hand some to the bank.

 In the management of the. institution It appears that the Directors have gone far to facilitate the business of the community proper regard 10 their higher obligations would warrant. Their individual accounts are light, aud their transactions appear to have been confined within the limits oi the charter. The officers of the institution were prompt Tn fur- nishlng every facility to the examination. JAMES SANFORD. l JOHN K. COLLINS, VIM. TAYLOR. |