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New Haven, New Haven County, Connecticut
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Special committee of Messrs. Prior, Seeley, and Stearns investigates City Bank of New Haven, submits $639.99 in expenses plus $93.55 contingent, criticized as excessive; House reduces pay from $5 to $3 per day and amends resolution to replace Prior with Chauncey F. Cleveland on general committee, paid by banks at $2 per day.
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Mr. Prior, 33 days at $5, $166 00
Expenses, 59 08
$224 08
Mr. Seeley, 41 days, at $5, $205 00
Expenses, 46 05
$251 05
Mr. Stearns, 23 days at $5, $115 00
Expenses, 49 36
$164 86
$639 99
The above, however, is not their whole bill. We find among the contingent expenses of the House the sum of $93 55 placed to the account of Messrs. Prior, Seeley, and Stearns.
Most modest guardians of the public expenditures! This is out-banking the banks! Truly, if the Banks are each to cost the State as much as this annually, in the way of overhauling and investigation, the sooner they are deprived of their charters the better. The Bank Committee however reported that these faithful public servants should be allowed only four dollars a day, and the House further reduced it to three dollars. A resolution passed the House, appointing Mr. Prior one of the general committee to examine the Banks for the coming year. The Senate returned the resolution amended, by erasing the name of Mr. Prior, and substituting Chauncey F. Cleveland, in which amendment the House concurred without opposition. This committee are to receive two dollars each per day, for their watch-care, which, (as the act says,) is to be paid by the Banks—though upon what principle of equity they are required to pay it, is more than we can divine.—Hart. Courier.
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New Haven
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Special committee submits high expense bill for investigating City Bank, criticized and reduced by legislature; Prior replaced by Cleveland on general committee paid by banks.