The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-06
Supreme Court-Chambsrs.
Before Hon. JuoRe Leonard.

Supreme Court-Chambsrs.
Before Hon. Juose Leonard.
or b.-la tie matter Of George Gordon and Others
ps The Artsans' Bank.-Mr Byrne said that in this
meeting Of the stockholders OF the Artisans Bank had
ben held yesterday, and a committee appointed TO in
form the Court Of its selection. Judge Cowles would
baud tie resul. or the meeting 10 the Court
EI-Jucge Cowles said that At the meeting yesterday
there atty -four persons present. who represented
total Of 5000 Coo
$751; ,7c0 OF stock representing. $500 900
l5o $40 Of deposits. representing. 100000
Total. =. 5000 600
There lreat deal Of discussion at the meeting,
which resulted In the nomina alton of Mr.. Augustine
Smith, Vice President OF the Nassau Bank, receiver.
gentleman had the confidence Of the shareholders Of
the bank, qualified for the Office Of receiver.
There little opposition TO Mr.. smith at nrst but
that was Withdrawn, ana Mr.. Smith was dominated.
Mr. Byrne would Ask the Court to appoint Mr. Smith.
II would prejudice the rights OF any party who might
not have represented at the meeting the Court
would any time grant order 10 show cause why the
receiver should removed. There unanimity
feeling smongst the parties interested in the affairs Of
the bank that eligible person should be appointed
Mr. Augustine Smith had the leading merchants Of the
city.
III.
should be deposited the United States Trust Company
vel ras tbelcomp,ny suggested by the Court They
we that the rate Of Interest decreases as The
Of deposit decreases, and might be beneht II
the fnos Of the bank deposited IN both c,manies
30 that might accrue On the different deposits.
The Juege sad II would be well 70 d. so be desired 70
say that remark he made the Diner day was no,
iutenoed Election any OF the com ,anies he did
not that fair interpolation oil what ne said implied
tsction any company and II was not designed 10
reflect rpon them He had DOUBT OF the proprety
Of sppoinrpg PR sident II q bank receiver.
Mr. Wallis eatei TO the Cour! that the ockhoiders
bad waited Mr. Smith, who at first peremporily de-
cIed ple the recsversnp but al the earnest soil
citation 81 several gentlemen he consented
Ansr -ihrr discussion the matter was aid cver
VA .vo oo.0'1 1sprssen,ng 800 = -. -. >.
present me meeting yesterday but he ccncurred
in the appoint Of Mr. Smith receiver.
Al that hour the ain taken up, when ex
Judge whiting, Mr.. Vim. Fuller and Mr.. Van winke, IT,
geher with several other counsel appeared Tor deposiors
and stockholders.
MIR. Whiting not opposed to The appointment Of Mr.
smith, but wLel the matter 10 be adjourned 70 Monday
morning.
Mr. Cowes froko to the expeiercy Of the court ap
pointing at OF receiver or even OF custodian Of
the sfss ts Of Inc back
Mr.. Whiting replied that there rohlrg before the
Court bor that cent Of the assets Of she bank
n dagger.
Judge LEONARD raid ifat lie had yet made up his
mind whether he would appoint Mr. Saith or make a
GcEsir alton himself.
Atcr some iprler discussion On the legality Il the
CouIt appo ting receiver under the act OF 1879 under
which the present application maIe, and which
guirts days eappc after the refusal OF the bank to
meet ts temards The court granted order nlar 10
the In this but under the provisions Of tho Re
vised Statutes, watch gives The court power 70 make
Aoious ned 10 IL O'Clock this day, Saturday