The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-04-12
Philadclphia.
Correspondence Of the Herald. !

lOOfItspOu9cuCt u ic iitihiusI
PHILADELPHIA, April IL, 1912.
United States Bank Needing Theatricals,
SC, &c.
More delightful weather than that OF yesterday and
to-day, no one need desire. There is some astivity along
our ci.y's front to-day, and a fair amount OF business ap-
pears 10 be going forward.
At the United States Bank Meeting, held this morn.
ing, there was a very small turn out Of stsckhelders.-
There were not more than fifty or sixty persons present.
The following are the, resolutions calling the meeting.
Resolved That a meeting of the stockholders OF the
Bank of the United States shall be held on the second
Banking House, in the city of Philadslphia, for the pur.
pose OF considering the ~piopriety OF making a general
ably 10 the provisions of the acts Of Assembly Of the
State, passed the 4h and Sh day Of MAY, ISL"
Resolved That at the said meeting, the stockholders
shall vote on all questions according to the scale Of
votes provided by the charter"
These resolutions, it will be remembered, em2nated
from a number of stockholders who were dissatisfied
with the proceedings and per capita voting OF the meet
ing at the bank on the alst February. or those whose
names W ere attached to the call, noticed present only
Mr.. lngraham, and Mr.. Schwab, Of New York Senator
Bayard, of Delawa are, was also present.
The meeting was organized by appointing Mr.. Corbit
and Mr.. Chandler its officers, the same WHO presided at
the meeting at which the offensive proceedings took
place-a decided compliment. As sooa as the call Of the
meeting had been read by the chairman, J. Coleman
Fisher, Esq, offered the follow ing resolutions, wSich
were adopted
"Resolved, That in opinion OF the stockholders here
ass mbled the call for this meeting, as it appears in the
public newspapers, is not in accordance with the requi.
sition of,he Act of Assembly Incorporating this bank, as
contained in article 4. section 1, of the said Act; that,
therefore, this assembly is not a meeting of the stock.
holders OF the bank, as such, and is not possessed of any
powers for the transaction Of business relating to the in.
stitution.
"Resolved, That this meeting do now adjourn.''
Both Of these resolutions were adopted, the latter
unanimously. Il is understood that a compromise has
been effected between the various creditors, and that the
Bank will proceed in the process Of winding up under
present %assignees.
There was more business in stocks to-day than for
sone days past. There was, however, not much change
in prices. The discount on the paper OF our broken city
banks, and on country. relief notes, is not. SO great as it
has been.
Ned Forrest and josephine Clifton commence a short
engagement at the Chestnut street theatre to night, in
Bulwer's play CT the LADY of Lyons"
Burton, like hundreds of others who have more soul
than silver, has been compelled to apply for the benefit
OF the Bankrupt law. HIS Indebtedness believe is not
large, but in the present depressed state Of theatricals in
this country, no other alternative was left for him. A
benefit for Texas comes off on Wednesday night at the
Arch street theatre.