The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-11-02

csose be- uotact sad Superior Court that b. wa ready
a. cxecIe said trrtts under the supervision IS SAID
Court rrcndrr The same, beng relieved ffem at ~.
ture responsibility bv rtasou thereof ana therefore
Court appointed the hcrr - Hamilton county receiver,
AMI he ttpA POSSESSION A. such
NJ Caflc. tos8cI afrms c truth 81 Mr. sisisous az
hlavt partly On Information ana partly irum actual
knowledge Nr trusteeo q no company FOR twenty
wears. and va acting a President thereof during
NJ stetaun aiiscuCn AZ The ttuo ~ Ia suspension
NJ tetcGraghca O. sfant from New York the AFTER.
81 August "a. that the company a1d suspended
greatly ~ an nts surprise w. du uut thcn believe the
Company usUivcnt pr VI tho me y the anal nxccu
ton - The assgumcnt WHICH "a. reluctantly acetp,cd
Abraham Taylor believes Mr. stc,-on 7iJay, TO be
true statement ~ thc facts. NJ T trustee of
nos debtor Al ihc time q The SUSPENSION The comIUny
hr. debt several thousand dollar ami owed him
ccorrc Crawford and Clement Dietrich generally en-
d0r-ei The statement of Mr stetson.
AFFIDAVIT % =. !. BROADwKLL.
Thig gentleman coucurs IN the statement made by Mr.
-trtspn and u addition sets forth The following
The cashier n the company was under Tie supervision
aad direction q Tho trustees 81 The company. and hcy
Designed % authorize him 70 borrow loan money
except ~ "a ncccssary IN the legitimate operations
o. the company Tie company. % afnsTtG knowledge,
never bought snd cod soess add bonds on ~ own ac
Crunt authorized its agents - ust Tie name % the
company M s1Cb transact Ons nor 60 deal ~ o. o~n
st'cE gig ts own account and u any saeh transaction
were had u without tho kuuai,gc conuYanca 81
any ~ the trustees FL f4f "a afam knows. AlaJt slys
that from TINE % sine examinations were made az the al
fart ~ ~ company bot al Nos York aud Cincinnati.
The busincss va well sud u4elousy managed both III.
tho home ONCE ans tie aEeuy that The failure ~ ts
company under these circumstances surprised aflnf
much "a ne pub. and TIE alnant and bs c0trlstcss
Under the CONVICTION That ihe company solvent, pro
cecdef 30 make such settlements wth cro tors AZ were
10 every instance highly aayaniagcou. 70 al parties con
cerncd. and without Partially ~ fayort.m Anan
admits that he settled his ndebtelues5 10 SAID com
pany with checks on SAID company, which yer
purchased wahout abatement discount An
ant further states that thr nssguces vttb great
reluctance, accepted tn trust urtur the tssgp
ment Afant further says thsl the a. ep,ance
~ sad trust be has not nor ht# C0assI gAees ~
fused 10 allow examination NJ a. sJks and rap.rs IL
the company 10 those authorized by creditors Alaut
further says that i true that the az gnee have settled
With Edwin Ludlow late cashier ~ the company. aud
have gwen him pe unialy release that they di AZ er
tu and deliberate examination u his account AMI :
condition ans beng fased that they could obtain from
htm re amount ~ property which might othrf We
have been W." 70 the creditors ~ tc company, ana That
th'y wetc nuced tn make such settlement because they
tttn 1eoted as tHey believe that the consideration
"a ~" tneAe ws8 s that could he procured from
fa4 can et ard t14d not BE- obtained otherwsc Anant
lna'y pat ca etslgmsni w.th sad cashier u0l