“Lee Bank, March 8th, 1853.
“At a meeting of the directors of the Lee Bank held at their banking-house this day the following resolutions were unanimously adopted:
“Whereas, During the last week, a draft was received by the cashier of this bank from Cyrus W. Field, Esq., of New York, amounting to eleven hundred forty two 49-100 dollars, it being the balance with principal and interest due upon a draft given by E. Root & Co. in 1841 of fifteen hundred dollars; and
“Whereas, The Lee Bank had given Mr. Field a full discharge of the above debt by his paying the sum of nine hundred forty-two 7-100 dollars in the year 1845; therefore
“Resolved, That the full payment of a debt by the junior partner, having been contracted in the commencement of his business life and by misfortunes which rendered him unable to pay the same, is a mark of strict honesty and integrity, and is worthy of all commendation.
“Resolved, That the foregoing resolutions be entered upon the records of this board, and a copy sent to Mr. Field.
“Leonard Church, President.”
“Hudson, March 8th, 1853.
“Cyrus W. Field, Esq.: