Litchfield enquirer., 1858-11-25

has not improved to say the least On the contrary it is unable to meet it's liabilities at its counter elsewhere, and he had understood that some of the New York bil-holders had sued the bank and at tached all its assets in New York. He objected to further delay; during the delay already made 5OOOO dollars of the assets of the bank had dsappeared- It is difficult to find where the bank stands there are so many side agreements between the bank off cers and those who obtained their currency that the Commissioners cannot fathom them.
 Mir Moves said that he should object to erantinp the bank further time unless the Judge should see ht to take the responsibility of the proceedings.- The Commissioners washed their hands of it. He considered the time spent in the investigation of the aff.irs of this bank an imposition upon the con- missioners. What they have learned was learned only after weeks of diigent search when the officers of the bank might have given them that assistance which would have enabled them to arrive at the same facts in two days,
 Judge Ellsworth said that he found that the largo amount of s60 900 was still out of the bank and in
 
 there was single bonn subscription to the bank at first, It institution which bore but very slight resemblance to what it's charter was intended to create In the present state of its affairs no one will say that the bank ought to proceed. If he could see any thing that could be brought about to rnt 1t in legitimate shape, he would entertain Mir. holliSters motion with pleasure. but he could not see single method pointed out to relieve it. These gentlemen have been to see one man and another about raising funds to put it in good standing again but there s no vote of stockholders here to ask for this, or express any faith in it. He should then ap- point receivers for the bank and order it to close it's operations.
 THE DEGREE.
 Judge Ellsworth in his decree. finds the facts and allegations set forth in the complaint of the Commits sioaers to be true anl commands and enjoins said Bank. the said President, Directors, Cashier and other agents of said bank under penalty of s3O OOO no further to proceed in transacting the bu illness said bank. and no further to interfere in any wise herewith and against transacting or interfering with said business until it is otherwise ordered in due course of law' And he further proceeds to ap. F''-~e ~~"'J''' F. Harrison of New Haven 'te be Receivers of all the evidences of debt goods effects and property of eve ry descrsption, belonging to said bank with the au thority to exercise all the powers and rights and perform all the duties and obligations and suliec, to all the permission given and conferred, imposed or provided for by said statute" and requiring oi each of the Receivers bonds in the sum of s2O OOC to the Treasurer of the State for the faithful peror nance of the trust The decree limits 'four months from the first day of December, 1s5s for the credit of said bank to present their claims against said bank to said Receivers and directs that public mo- tice of such limitation be given by such Receivers by publishing notice once a week for four months in the New Haven Journal and Courier, Hartford Courant, Itchfeld Enquirer. Housatonic Republi. can, and once week for two months in the New York Tribune. The Receivers are further ordered to make reports to the Superior Court for Litchtied County and to be subject to it's rules and orders as to their proceedings, compensation, and other ex- penses, and to the distribution of the effects pay ment of debts, and settlements of the concerns ot said bank.