The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-25

could get it, and that il remained with me after The
stipulated time you would receive an income in the
shape OF interest for the use of it. can say with sim
cerity that there transaction that ever made
that there obligation into which ever entered
was made upon me from those who were my patrons /
suppose, perhaps, that am in position little differ.
emf from that Of the other banking houses in the CITY,
Deposits as take it, made with them for safe keep
ing simply and without expectation Of receiving any.
thug for the Of their meney well know that there
l.s an in the community that thsy had
merely left there for safe keeping. What right had
Page, Bacon Co. to the money deposited with
them They cid not guarantee to pay anything for tine
use of it. You left Your money with me on the under
standing that should pay you an income IT, and you
knew that should the money-that should inyest
it-n order to earn the income which agreed to pay,
and also to give some return for my labor and to
pay the expenses of keeping banking house, and
forth, and soforth. On last Friday morning-that un
complete ability my part, If could control my
aairsto pay larger dividend than any banking house
Page, Bacon Co. and Wells, Fargo Co. 1t was my
purpose and intention to have the sontro Of my own al
fairs that might manage them tor your benefit and
yours exclusively Ny first impulse was to put my affairs
in the hands Of assignee for benefit but on
sutaon with legal gentlemen found that that could
be done unless made application for the benefit OF
insovent act and then the schedule Of my assets and
liabilities would go into the hands Of assignee which
might might not be for the benefit Of the deposors
and, as understand It, the assignee would have them
under his discretion, and could do whatever he pleased
with the securities, and if the assignee appoint
co, the court aL uBcroClOn put the whole
thir into the hands Of the Sheriff. know the proba-
bities and what prospect there is of collecting hem
and they could not be collected well in the hands
Of those to whom they belong There have been
circulated in regard to mysef-thsre have been state
ments made in the public prints about me, undoubtedly
with the best motives, but they we're only rumors,
you now that they are false, without exception. In
the first place, there was rumor that arrested
board the Uncle Sam with $4 900 in cash and 500 900
in securities in my possession, and that SEQ 900
found mewhere else but my presence here to-day
money enough upon which could lay my hands pay
the passage home Of myself wife and child hive
intention of running away. came here like you all,
what conceived to be legitimate business, and by
your confidence enabled to 20 on and this crash
had not come, there is who believes that could
not fulfmy Obligations to the letter. But you may say
perhaps, GAN this is very WELL but we want to know
what you going to do" There is one thing, how
1t said that my securities had been attached in the
hands OF third party They were gentlemen and these
securities are now beyond the power Of the Sheriff to
take them SO that may have the control of them my
self. My assets have been attached, and distinctly
say that that had not been the case, within sixty
days would have been able to pay 81 cents the dol
lar. They are now out OF my control. hope to be
able in some way other to get the control Of them
within sixty days. dout expect to 60 into the same
if any opening should occur BY which can realize
money, it Ia yours every dollar Of It, uot going
take the benefit the Insolvent act From the attach
ment my securities and real estate and FORTH it
will be impossible for me just now TO get the control Of
anything and must therefore take time to
perate. There gentlemen here who know how mo.
ney is invested and no one can suppose that would
have loaned out money securities thatI did not
think were good This financial pressure has weakened
the panic could have realized money consequence OF
the excitement could not raise dollar. Ny bank
ing house was kept open on the morning OF the excite
ment for half an hour or an hour and paid out to the
last dollar and til had no more to pay
VOICE "How muchpn
Mr.. RoBNsoN-"$l5, 000."
At this stage OF the proceedings . lady in q red shawl
rushed into the hall state Of high excitement and
exclaimed it is only to cheat the public He has
don't give me my money, addressing Robinson I'll
tear your face, you dirty scamp have got turning
to the disccnsolate depostors five hundred dollars in
Some person here cried out-"order, order p,
. LADY IN THE RED SHAwI-"Oh it is nice thing to
earning not n
take care Of 1t for me, and I'll have 1t, Cunning to
Robinson agan) III have your heart out, you dirty
Police OFFIcER-"sit down, or I'll take you outn
LADY IN THE RED SHAWL (crying)-I don't care.
A DEPosroR--we want to know how much you owe
What are your assets and what has become of them?
to give full statement OF my liabilities and assets My
books have been taken out of hands, and therefore
Mr.. HART who appeared for q number Of the deposi.
tors, here saidDont you think that it Ia due the
depositors to state 1st-how much you owe; 2d-what
10 the amount OF your securities; 3d-wha is their
Mr.. J. wIsrAR (of the firm Of Baker wistar), who
appeared as the counsel of Mr. Robinson said that he
apprehended that Mr. Robinson only there to
tradct the which had been circulated regarding
him. and that in the present state Of things could not
BE- expected that ne could give full particular and
Mr.. HART-Hc certainly must be able to state how
much his liabilities and assets are within few thousand
dollars, Whereabouts HIS creditors have been called
here, and they want 10 get some information. The de
positors expect to know how much money he Is able
pay and to give the reason why he is not able to the
n cal ifnra tn axpIa
mors in the newspapers seems to be very ridiculous
don't beive that bis business extensive that he
cannot tell very nearly how much he has In coin-how
much in real estate-how much in securities. ZAP
plause.
Mr. WIsrAR-There is necessity, Mr. Hart, for this
A DEPosIToR-I would like to know how much money
you received the day the bank closed?
Mr. RoBNsoN-I cannot say.
DEposIToR-Were there $4,000
Mr.. RoBINsoN-There was not one thousand.
Mr. HART-I would like to ask question-and that is
what has become Of the books He must know. And
also, 10 he willing to place the books in hands OF
committee Of this meetngS
Mr.. RoBiNsoN.-I am perfectly willing.
Mr.. HART.-I suggest that q committee be appointed
to examine the whole matter.
VOICE. Where are the books9 Let know .. once.
Mr., RoBNsoS.-I viii give the committee the books,
and they everything entered upon them.
ANOTHER VoIcE What did you do with the money you
g.. HT the property you sSd your I'll on
house9
Mr. RoBINsos.-I received NO money for II.
THB SANK NOICE-Gentlem0n, ne acknowledges that
he conveyed property after he had closed the banking
house.
Mr. RoBNsoN,-H passed from nay hands for q consid-
GRAFTON that passed into the hands Of my creditors
and at present undergoing the process OF depreciation
Mr. HART, after some remarks moved that Mr. Robin.
son send for the books in order that the deposors might
have an opportunity of examining them.
Mr. DUANE moved that the books be sent for and be
handed over to the committee for examination.
DIscoNsoI4ATE LADY THE RED SHAwL.-I'u be one Of
the committee. (Laugbter.)
After some further debate the following committee
appointed by the depositors to examine The books
Messrs. Hart McCarty, Dorr Parker and Hawley.
The book then sent for and handed over to the
committee for examination.
AFFAIRS OF REED Il CO., OF SACRAMENTO.
The part ners in the Arm Of Reed & Co john A. Read
and Thomas Y Readsays the Unior filed their petition
for the bene. Of the insovent asst the 2Sth of Feb
dule OF assets and liabilities filed with the petition -
ASSETS.
Amount OF personal accounts overdrawn 49, SIT O02 e6
ANN tofh YAH an saoo ~