New-York daily tribune., 1849-04-26


Raf : on 10 general business account with sAid Csns
Bark 30 tAe sIl oi si-Osj ot, or thercso1uis That
yonr petitioner found sccoriing g. tbc assets OF the
said Canal Bank fve certificates o the capita sork o.
the said Lewis County Bank am uniting In A. O. ; ol
AID two SHARES oi the value oi 50 each al standing n
the name OF Lyman k Lyon "lih sn open power o.
attorney q transfer said scyors attached l.
each whch sand stock held hy the said Cana Bank
n, the time of rs failure
Tbat among the assets Of tbc ss.i Canal Bank your
potti-ner found three notes given oy said Lyman
L. Lyon. each for - go 81 dated April - ISIS psya
be months after dse with Interest % toe order oi
Theodore Olcott Cashier oi ihe ssd Cana Bank aud
secorcd by scrip for 9 shares OF ghe capital stock Of
Ghe said Lewis County hanS
That tie said Lewis County Bank claim that under a
bylaw the said Bank they vii Dot permitthe said O..
saars stock 10 be transferred the books Of ths sad
Uans, unul lhs dett a-e from the Cana bank - ite
Lewis County Bank snsl. have been pad
That the said ymEn l. Lyon claims that the ssid
three notes given oy him given al the request
OF lha sad Theodore OcOt; tnen the Cashier Of The
sad Bsnk and ilr the acce mmodson OF the said Bauk
sud ihst he not liable for the payment there0f and
TIA, ihe sad l shares oi siocA acme Is ehargesole
herewith
That sitter much time bestoKed By petitioner aoa dis
counsel n .hr s.4 mslt-fs sud In confer
ence with lae fsid lyman Lyon. who i the ffesi-
dent of the sad Lewis County Esns q bring about
seitl eui thereof your petitioner hss sCreed O. sub
s,sntal'y he following comprouse sud Arrsn cement
u The sS.na De approved by ills Court
Tee sad Lewis County BsuS CA receiving an sssi-n
meut ffom your petitioner such Receiver OF the
said three notes siven by Lyman H. Lyon, aud j3l
shares " stock held collateral for the payment OF
the ssii notes, wi pay your petitioner secure -
hm tha payment % 81 lfl and wii release The said
Csnsl bank sad lnGsoisdness lewis COan
" Bank. sue al claims sceouui thereof
1hstyour peHtiouer has also agreed = sell ths %.
shares of stock 10 the said yman b. Lyon 81 - per
cent on Tie pa vsao thereof psysole Ouelourtn on
tenth dsy OF January nert sud the remaining three
touf;hs the trsi csy % June neat with interest the
las; payment 70 requested BY SAID yon he extended
- period Mt beyond ire hrs. lsy o langlry 80 on
paving interest alter the nrsi Day Ci June DeXl
The stock % b. held collateral security for TIE
payment ~ IRE said notes t1sciher Vin ten cerusa
u the Ubc deot 81 lAe STATE of Illinois u the sleek
CO ed TIE New Internal improvement stock esht Of
SID ccrtiacsiss 5ei1g i0r 10 each Cuc for 500 ard
oue frr So, % left ~h your petitioner Tor hat pur
Pose ~ the SD Lyon Wiln power 10 sell and trssser
tie same
That With the view avoid the delay and expsnss of
higsiCn ana the Importance Of settnns the SD
tffs y0ur petitioner believes q - he cr The best inter
ests OF the creditors ~ SAID Csns b % carry Ana
perfect the said arrangement settlement aud sac Of ihe
terms Aforesaid and u ibis Court saa oe q tee
opinion your petoner asks for authority 80 d d..
for such iarher order ~ TIE Court shsl deem mott
p,oyer sni ycur petitioner vii ever pray
lSixred, ANDREW WHIT. Receiver &c.
HAsrsa. Ice Csnsi Bank u Albany ~ the time 81 rs
suspension ~ the nm day OF July i-f- was indebted
o. the LeEis County Bank the account rurreut De-
tween iae SAID Institutions In ihs Of ., rs on a.
sp2@sss from examination OF ihs sst account snd
HAsrsas NJ SAID Canal Sank also held a. thsE time
thousand and tao lut shares OF the capita stock
Of sNc Lewis County Bank Of Ie par value Of go ssch
under are serps for hat humber of sAt shsres the