The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-04
Suspension or rue AETlSaSy BiSK.
Motion 20 Appoint mr. Benjamin Y. Camp


1A"'Ao" ~ appoint mr nsnyssn =. eamp
as Receiver,
SUPREME C0UKr-CHA AM sBas
u.fo.. H. -. ,.x
~e' ~
Ur' a'-os~T e Gordon o. ne Ars'ont sark.-
large number Of persous interested II the Affairs Of the
Ar,,sa,s pank cro~,d.d 80 49,, .,,. -. ....~.-
n"A1 A s"SsN '"' e'1s to-" enu PA0'ss"
NJ, = pvrn. Win a,,s.,.s "a, A.. ,,.,,,,r ,,o,a1
a., reca;ver he an,ointad IN ,hs ana e,raa. 81
s"s - eppoN y sas Se'' aha '0uhas' uA
motion on the complaint and edhdsvs OF summons sad
order to show cause (arcady pubses, Mr. Byrne then
s.l.a ,h., ~ p.n,.n,,r Cam or,,s r.a,.o. -.
be appointed receiver by the Court He had
drown Up the order which Vas similar 20 the one IN the
DO very BANK case Inc Court would please indicate
what amount OF security would be required aud In what
bank or ompany ne should deposit tne money whenever
snnnofo 70 - 200
Judge leonsrd-let him depoet u me New York Life
and Trust Company
Ex .'udge Cowks-Aay asa, sir, I! tau q a april
cation rsi r ior tne vpponsn'n' o. receiver no"
Tne Courf-f9
ExJodee Cowles-i appear Ell, for some OF the depo.
silo- and redi,os OF the bsnk, aud would wish this
maze ~, ps C.no !. rsr,sc,,v ra.ron,,na.
Ar' n!rnS-M sAmv y pFrleS.Ay ro0Po1sioSi We VII
give any rteurIty tns' y rsaureo :.
TX Jp55e to~ks-i sooia sapEat that u 10 proper 70
have this matter eonsioered before receiver u desg
lated
TIE Court said that should De referred 70 some Ger
son TO inquire NJ ~ the part iauc4tons and personal
relations Win tue bank
Mr. hyrne--As understand NJ Camp has 40 personal
rotations towards tbs hank, snl be ID gentleman per
ieciy rsponsibie. BE 10 worth Two or three hanhred
thousand dollars
Judge Lor ard-There should be some pers appointed
who xouid take sctive Interest fn ths matter
II Judge Cowles-t understand but sm not positive
n the time has been so sbort-that Mr. Camp was At the
time Of the suspension OF the bank one OF It's Creditors
Judge Iecnard-t coa't thn< lst 10 any objection.
tx Juoge uo~les--i heieve he 70 also stocxholde-
the faithful administration Of the affairs OF the bank
ExJndge Co~es said !. vas due 70 al who are interest
cd In the winding up q this bank that time should be al
lowed Them TO inquire who would be proper person TO
execute this trust and to give them an opportunity t.
state their objections, any and bring Ior~ard PROOF
they should deem I, Necessary de would suggest that
this matter shoud take the usual course and that the
Court should refer II 70 some proper person 10 Investigate
the facit md report ID Court proper nominee
Mr. Byrae Objected To the gentleman appearing u tos
motion uess nc REP ese.n we A.,ssl bsnn ,,s
Creditors and when an Institution Ike this going into
bankruptcy the cred,ors AsAys isteped y BY the
Court In the sse OF the Mechanics Bank the court
listened 70 the applications o I'll creditors respecting the
selection Of receiver and dnay person 9th than the
one chosen by the moving party selected by the
Cnurt a receiver
In answer inquiry 10 whether Mr. Ca mp, the
party named wax suggested by the Court or nomiosto
oy The moving patty the Judge said that Mr. Camps
name was mentioned IN the notice
Couns--fhen It is not selection o. tne oourv
The Judgs-it was not, he knew Mr. Camp, however,
and had personal confidence Ia him but should not Gp
point him uiDn thai ground
NJ. covles said be would not CONSUME any further
time He could for the truta Of statement,
he about MAKE, the time for inquiry has
determined 70 60 into quds,,on tina, Ia thr psr,or
he itself Mr. Camp this position.
Tie affairs o. this Institution may or nay no, hereefors
thar gces into liquidation ought not, ~itaout full time
being afforded u those 70 nominate and In fact
appoint receiver do not nay that shall oosc 10 Mr.
Camps appoints brhaf OF the gentlemen repre-
sent the preson, not prepared 10 give
our assent and Therefore AJAX Court Tor 70
tbe pccessary inquiries
Mr. Byrne asscd tue Cnust 10 appoint the receiver
a, once II Mr. amps ,ame has been msn
TONED. i, shows cr1:aply Ina, The hank hsa
confdenre In h,rn and that thew car adhered n,
uas nrorsr snn ~ ,.sa eh.Ssc a. Il. sssra for
- ar
The protection the property NJ 9yrne assa stated
that ihsfe vas 90 Dob, Of Mr. Camps responsibility
me Juclpe eaio-l think IL wss mentioned IN the %
pere yesterdsv that such proceeding sss cou,mepcef
and If reooievi right mi. esotlenaa1 name E Camp
was nertioped ara some of the evening ,ers
thar be bar neeo appointed say IN IIxkAAD
morning lha, eli these proceedings publ sasd vt
gsiDg on ~i snouyu the matter untn $50 clnck, In
order 10 give the opposing parties opportdsisy Of
making All hqu,res. I do not any onjeoson based
directors Of the bank expressed preference for
hin
Mr. wetnore appeared counsel for some Of the de
pcsiuors. and sac that be also . depS,tov him
ieit lie Thought imp+s bic make the ,nqu .rie oy
two O'Clock; lie had large number N cienA
oc'nx
W. Foster, Ia opposition read the afidavu of Vim.
Thompson, ofthe hrm Of A Thompson h, whicn
Get forth hat 1851 o. received deposit BY the
hank On Eonusy ater two r aud after the bank ~sa
tnewn To be ipsovrnt by Ia oicrrs AID depon.ot
oeiNves, syneri bad been Actually nnpp~d ~ the
counter If sac hsLk That relative 70 ep63 o. dcpo
penis firm 90 FRIDAY September 2s offered fo dscoun
note for that smotnt: that the tank d.d
not diHroru tire same ana inf srmed him SAtur lay
tnat bad no; been discounted but depoeent (not With
drawing TIE ,ad note nom the custody Of c bank) Sn
informed hosdsy that raid note had that day been
oocurien and the amount placed 70 the credit Of ns
hrm thnt, NJ dcpopent " informed AID believes, At
the iue The bark solvent, and ~ known 70 bc by
toe ceer fbereo anc that on that nay the fresdr1t
Win the content OF me directors IRA sfeed over al the
valuable sser ~ ths bsnS 70 the Park bask upon souno
bargain nssve " the protecso1 oy eao fsrx bsnk OF
zoe saio President against The CLAIM OF he eiy ~ Nes
lvfk against him sor amounts leit st1 L IN ~ ciy
oaamo.r'an nat during Gil this time Beoanin Camp
sss ans ~ the directors Of the said srtssns BNk that
TIE appointment ~ eAd Camp ~ deyon~nt believes. sii
bot give sats arton or feeling OF security " ~rsots
lutrstsa ~ the as -et- Of said bank
Mr. Gnvrr also oppsset the Appon Snent Of nr Camp,
aoa SAID thai the complaint ~ss Imperfect, ~ was not
alleged IL u that u WIS hanh OF circain,n aud he
that these proceedings could not lake place until
sa.T ten days DOT e. under The statute
drerss,cn then ensued on different sections o. the
sr' OF 1879. and the Court subsequently, permitted NJ
~ roe u atm nd the cmpaint