Litchfield enquirer., 1858-11-25


 and arduous investigation of the books and affairs and doings of said bank fy your peti- ticners there is q defalcation or a deficiency in assets over and above the losses of said Bank, which are accounted for in the sale of the Beeman debt, and another transaction not yet stated. of $. lNo amount ascertain ed with certainty.
 Your petitioners further represent that be- tween the time when the original injunction was served upon said Bank, and the hearing of the same before yonr Honor five hundred dollars in specie was abstracted from the vault of said Litchfeld Bank by some person hav- ing access thereto, and that between the Sth day of September, or the 7th day and the 9th day of October last, q further sum of $400, in twenty dollar gold pieces, was abstracted from the same place.
 That of neither of said sums have your pc. titioners been able to obtain any account. ex- cept so far as relates to the first sum named, $l66, tt aud $50 %, both of which the Cash ier of said Bank, Edw, l., IIoughton, after his arrest, admitted that he took from said vault. but he claims that both sums were taken be- tore. and ia anticipation of an injunction. and not after the same had been selyed---which statement. if true, conflicts with his testimony in relation to the first deficiency, at the former hearing. wherein ae stated that he had dimin- ishea the specie about $500, by the redemption of the biI's of said bank. aud in no other man atr; that the acting Cashier of said hank. an officer el,eted alter said hearing, aud who had access to said vault. your petitioners eNonelate from all blame and suspicion concerning these transactions that the SIS GOO or thereahontS due to said Bank. by Warren Reman, of New York, which was elaine by said Bank to be fully secured by mortgages on real estate in New Yosk, has been compromised by said Bank, for the sum of $3l 800 and no part of this amount has yet been paid to, or realized by, said bank that of the other assets of said LiteEfcld Bank, very little has been received since the last order of this honorable Court
 Your petitioners further say, that since the order of this Court passed, on the Sd day of Septhmber last, the President of said Bank, without the knowledge of its directors has sur rendered to Messrs. Hazleton X Ball their nc- gotiable notes, amounting to $27 300, and their other obi gations, amounting 10 $l3, 800, and has refunded to them $l0 900, which said several large sums were payments for $51 900 oi the capital stock of said Bank, by them pur- chased before said bank Was enjoined that the President of said bank and Mcssrs. Haz"l- ton & Ball differ in their statements and repre- seltatious regarding these transactions and the manner in which they became interested in said bank, and your petitioners are unable to state on what terms aud conditions said notes and money have been surrendered, or whether such surrender, if attemi t'd and perfected as far as the President of said bank could perfect it, would release the parties from their liabilities. | Your petitioners further aver, that they are informed and verily believe, that large SUITS et money have been paid by said Lltch6eld Bank to bank note detcctors ill New York in order to give currency to the notes of said bank, and an enhanced and fictitious value to its capital stock, aud that of the money so paid accord ing to memorandum furnished by the Cashier of said bank to the Preside nt, and by him to your petitioners "there has been paid $833 66, as follows. to wit: to Monroe, 3366; Dye, $16667 Taylor, $l33 53 sf me part' $500 more, which was added to the engraver's bill which accounts for the bill as it stands. J The Cashier, E. l.. Houghton, also stated that Rumsey (the first owner of the bank, ) agreed to pay these deteclors $l, ,000 not to blow the bank.
 Your petitioners further say, that they have devoted large portion of their time, since the first hearing before your honor, in various ill., vestigations of the affairs of said bank, and have examined its officers and Directors, and other persons, under oath that it has been extremely difficult to trace out and become iIl- formed of all the illegal practices of said bank, the history of it's doings, and the precise con dtion of it's affairs that during said examina tion, it appeared that Messrs. Welch, Vessels, Gold and Kellogg, have assumed no responsi- bilitics as Directors, and that the officers and other directors have been the managers of the bank that within the last few weeks, and since Hazleton & Ball have claimed to have withdrawn from said bank, the charter of said bank or controlling portion of its capital stock has been offered for sale in New York. and this, too, within the knowledge of the off cers of said bank, if not with their consent j; that, in the opinion of your petitioners, if said bank is revived, and allowed in any manner to resume its business the public will be in danger of sustaining loss thereby that the circula- ton in the hands of the public amounts to $3l,- 606, and in the hands of banks of this State for loans of SIS ,000-$25, ,000-makirg the la- bilities of the bauk for circulation $49, 606.
 Your petitioners, therefore, pray that per mancnt injunction now issue against said bank, and that Receivers be appointed to take charge of the assets thereof, and to proceed with the same according to the statute in such case made and provided, pursuant to the prayer of the petitioners, now on the file, and dated on the 26h day of August, 1858.
 BENJAMIN NoYEs. Rank
 THOMAS CLARK, Commissioners
 The reading of the Report being concluded. MT, Moves of the Bank Commissioners added. that few days since the largest meeting of stockholders of the Bank ever held, was held at Litchfeld, at which there but conclusion arrived at, viz that it