The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-09-12
The Iagerstown Valley Bank.

/ The Iagerstown Valley Bank.
| MEETING OF THE HOLDERS AT TIE BROADWAY
! TABERHAcLE-THE NOTES TO REDEEMED-AP-
i POINTMENT OF A COMMITTEES or FIvE.
meeting OF the bill holders the Valley Bank OF
Msrylard-a bank which has recently suspended pay
| ment--convened last evening the Broadway Taberna-
| Gle pursuant to the following cal-
VALLEY BASK OF MARyLAsp--The bill holders OF
bank al All others favor circulating medium are
requested at the Broadway Tabernacle Thursday
changing the TO be employed effect
q the % is II @ oars rre Of Ro S
into and is hoped every one Interested viii attend
AT the hour named there some score OF persons
present the vestbue of the hail. There seemed TO be
leading hand-none of those at whose instance
the meeting called.
Tho few present engaged In discussing the ms-
tves Of the CALL and he absence Of the principal mana
gersparcularly of Mr. John Thompson, of Wall strest.
II was stated that IL he who had published the
advertisement and that II bis business to be present
| and conduct the proceedings.
BY and bye other persons dropped In and when there
eighty persons present Mr.. Clinton Roosevelt
was called to the Chair and Mr. R. w. Latham appointed
The CHAIRMAN could not say, of his knowledge.
meepr mao wss e
be attained. They had heard Of scheme
Redeemer OF the World who had entered the tabernacle
at Jerusalem and driven out the money changers,
ing, ut written my house shall be house Of prayer,
but ye have made den Of theves' The question tor
them wbetb they would adopt sce other than the
Christian system, by which they would punish those whs
make business to obtain money under false pre-
iepces. The subject open and he hoped thas
gentlemen would feel no hesiAncy In expressing ther
views.
Mr. LrTHRR B. PEsr stated that appeared here Q
bin holder. He knew that receiver appointed 70
investigate the affairs OF this bank aud be supposed has
the object OF the meeting not 10 utter personalities;
but being under the impression that certsn persons IN the
state 0, New York principally bo iers OF his money
he expected that their proceedings to night would be
copciihtory BE moved the appointment OF committee
| Of three, to report, on future occason what the
amount OF the circulation Of the Valley Bank in this STATE
IT, and who the responsible parties and that t"e
committee call on those persons and see what they o
Mr Jso I. HupRFTH thought time that the system 4
swindling, extensively carried on, should be p's
stop to- and he hoped that the motion would be adol'~i
| MIR. JogS b. WHITE asked leave to make some
nations. He prepared TO that the persons on
were supposed TO be The deeply with
| Valley Bank were anxious to do everything right Add
honest in the matter.
Mr. WHITE though, he had probably as much 10 do
with gcttrg up the meeting as any one else. He bad
ned parties interested Ia this circulation, and hs
could only say wbai the Messs. Leland had told hini,
that as far as they were concerned they were
willing TO co all they could 10 redeem the notes Il
| the bank and with q little time the whole thing
he expected would be satisfactorily arranged Stin il
might be well 10 have the committee appointed, and
they think necessary, another meeting be called;
but he believed tina. no single bill holder would lose
Mr. wrsKs had no doubt the Messrs Leland were able
to redeem the notes but the question was, would they
| do sol
Mr. WHITE repeated his opinion, that there would b.
loss sustained BY the community IN connection with thA
| bank.
The CBArNAs thought all this a little out Of order
| They had proof that the Nessrs. Leland
nected with the bank They charged no persons paru
culary, and not clear that they, the Messrs. La
| were IN any way sponsibe.
Mr. PxsI thought they had no proper knoWedse o. in
formation YET whieh 10 ac and b. ald not see how
could be arrived authorlta,vey except by the Ap-
| poipiment OF this committc He had himself been ~
fiage rstcwn, and had moved the appointment Of the
| lie med and
bad received very general letter nom the receiver, u
relation 70 the matter, and nad learned by that u
aseis OF the bank should be fully realized, there would
be occasion for bi holder suffer the loss Of one
cent The receiver however, did not state The nature o.
| those assets.
Mr. wkKxs suggested that the meeting should instruc
ihe committee as TO the time the meeting should be again
| called
The CHAIR thought that in order. !,
Nr. WHITE thought il would be well TO have dscre6e
committee appointed, and let them, they deem neoes
ary to have another meeting call one through the pubic
press However, be was satisfied pow that the commu
n'y would not suffer by this bSnk, but that the issue
The CHAIRMAN suggesisd that the redemption Of these
noiss would not TOE objects OF this meeting which
10 prevent the circulation of these spurious notea
aud 10 the currency Of the country from debase
wcnt II these bans5!lls could be redeemed would bs
SeTsai,er Won't 5c Seser % Re supposed their oSscs
was 20 instruct the committee TO call another meeting and
The question was taken on the motion, and IL was
| agreed 10.
The committee was subsequently enlarged to nve and
The folio wipg named PER- ons were appointed viz-Joha
j. DeI 62 Wall street; John r. Hlereh Brooklyn; Cia-
Ton Roosevelt - Chambers street. l. B. Pert, IL Wan
Mr. wmrK moved that he left optional with the cou-
| mitoe TO call another meeting
] The motion was not agreed 20.
Nr Pxkr suggested that impossible for the meel-
irg 10 say at what time the committee should call .
| further meeting
The CnAIExaS was very anxious that the mectias
should decide this thing Tor themselves, and appoint
time ahead when progress should be reported. He did
port for some metbai be bad been bought up by those
| who had money for the purpose.
| This sentiment was appanded.
hr. wEEKs hoped the would be instructed 70
srggest some measures by which the community could
be protected from swipdng, aud asked whether thirty
days would be long enough 70 mature their report.
Nr. HnpaErH was opposed 10 further meeting being
ordered lie did not the biholders 10 be sad
died with further expense Of SIS for the hall. but he
would pledge himself that the committee would noe
leave stone untu ned 10 ferret the whole busincss
| II was moved 70 reconsider the vote by which the
meeting refused to leave optional with the COMMITTEES
A. 70 the tim. a, which the next meeting should ne CALI
60 and the vote was reconsiered. .
was then suggested that there should be some lni-
talon Of the time within which the next meeting should
| be called.
| Mr.. wmrx moved that tho committee be directed 70
| report progress within sixty days.
/ The motion agreed 10.
| Mr. Pm thought iba. THIS meeting should now tAke
irto consideration two three other matters The
mee, he suggested might nnd necessary in their eS
amin 10 send to Mar land and he wanted 70 know
who 10 be responsible for the expenses 10 be In
currtd. How Also would the committee get the
ssry information to the bill holdsrs He thoagh thai
The committee should not be put to the task Of canvasnG
the city o New York to find out who the bill holders
He moved that the bill holders be requested tosend
heir names TO the committee and 10 pledge themselves
| 70 be responsible for Their thare Of the expensss
Mr.. WHITE suggested tha; The bill holders be requested
TO send their names to Mr. PERT so that they may a 90
| into the band.
The amendment accepted, aud the motion We
| sRrsed to.
There being no further business before the meeting
| adjourned al quarter past o. clock r. n.
L |