Morning at the Office. Weather exceedingly warm and for the season a little unusual. I went down this morning and attended a meeting of the Stockholders of the State Bank in order to satisfy my-50self in regard to the condition of the Company.1 Much excitement has been produced in the Community by the omission of this Bank to make any Dividend this Season. The losses of the Bank have been very heavy and a Committee was raised in order to inquire into them and produce the result which they did. The losses have been considerable and owing to the state of the times, not unattended however with some negligence on the part of the Directors. To punish this negligence an attempt was made to remove the present Board of Directors and elect an entirely new Set. I did not very well see the expediency of such a measure, as it seemed to me hazardous to bring an entirly new set into the management of a Capital so large as this, at a time when all property of this kind is in very depressed circumstances, but I thought it would be expedient to make a partial change in order to serve as a warning to the old Directors, and to bring in some new who had a deeper interest in the Capital Stock of the Company—It being a singular fact that six of the Directors have but forty two shares in the aggregate. That is to say that one half the board own about 2500 dollars in a Capital of 1800,000. I voted therefore eight of the old Board with four others of the New List whom I supposed to possess the most Capital in the Company.

This took much of the morning, the rest was spent in a Call upon Mr. Brooks, where I talked about things in general, and in Conversation with Thomas B. Adams Jr. who called and sat with me for an hour or so. He returns to Charleston, leaving this tomorrow, his furlough being about to expire. I was unable to do any thing this afternoon as he again called at my house shortly after I had commenced my afternoon’s occupation and remained until after tea. He came to take leave of Abby before going away. I know too well what it is, not to feel somewhat sympathizing for him. Passed the evening with Abby at Mr. Frothingham’s, and enjoyed much a little Supper which we had.