Synopses & Reviews
Synopsis
Excerpt from Report of the Military Board: Of Kentucky, Made to the General Assembly, September 10, 1861
To enable the Commissioners to carry into effect the object of the law, their earliest attention was directed to the procurement of means, by way of loans from the banks of issue in this State, and they therefore appointed committees, composed of members of the com mission, to confer with the banks' and ascertain Whether loans could be obtained at such times as the funds might be wanting, on the terms and for the objects indicated in the law, which resulted in but very limited success; and as the Commissioners were restricted in their negotiations for loans to the banks of issue in this State, no appli cations have been made elsewhere.
The Northern Bank, Farmers' Bank, Bank of Kentucky, and Bank of Louisville, in reply to applications made them for loans, state, that they decline for the present, and assign their reasons for such declension.
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