The undersigned members of the Committee to which was refered the Joint Resolution of both branches of the Legislature, submit the following report to the Senate
In obedience to the joint resolution of both branches of the General Assembly, the undersigned proceeded to examine into the condition of the State Bank of Illinois, and into such charges preferred against the Bank, as they deemed of sufficient importance, in their bearing upon the interests of the community, to claim the time and attention of the undersigned
As a reason for not going more minutely into an examination of the condition and conduct of the several branches of this institution, the undersigned would state, that time has not been afforded them to visit the several branches, and their information, therefore, relative to the branches, is derived, in part, from witnesses called before and examined by the undersigned, but mainly from the statements under oath of the President and Cashier of the Parent Bank.
It will be recollected, that, during the session of 1836-7, a joint select committee was appointed by the Legislature of Illinois, to examine into the condition of the State Bank, with a view of ascertaining, among other things, whether said said [sic] institution would constitute a safe depository for the funds of the State.
On the 18th. day of February 1837, that committee submitted a report to the House of Representatives, and about the same time a report was also submitted to the Senate, which reports occupied most of the ground, from the organization of the Bank in 1835 to the then present time.
The undersigned deemed it an act of inutility, not to say of supererogation, to re-investigate and re-examine the same charges, examined and reported upon by the former committee: and have therefore directed their attention more particularly to the actings and doings of the Bank since February 1837.