, 1864-10-18


etill be $ll5,i91a1 ' "~e'"
Mr. N'ocdwofsh, as ne hsve said, explained the
the presen condition Of the nccounts enumerated.
The first Item named in the assets, stock, was In
tbe Peoples Gas Company and the Treasury
tate was section Of land IN Liyi0gston county,
snd worth about Slo per acre. 1t cost the bank
three YEAR, aeo 81. .4co but fancy pr &C TO make
*lG.ooo. 'sBonds'' were principally Of ;hs State
ofTenneseee, Georpia, Missouri &c Charged up At
ggsr ,hsy represented 81 ss2 worth perhaps $4,000
party who so1d them was ''ln trouble" bat per.
hsspa Ttshi M pay On these ecnds there los. o{
times, anu res arded as worth the fum named.
The "Trabsit' account was mostly protested pa :
PEI md not worth oyer $500. The next 10 order
.na1kAh!e Of the lot. TIE books Of the ~Wertern
Marine" show balance In its favor Of $54.s8l lG,
while the books Of the Metropolitan show de6-
50 bes1eea s s'as e. tTo %ats oss
tn,iion.. JUDGING tlom the character Of The trans
1G5ions 1ns generally e e. TIE hoot NJ
ttonss ,he e. sS,pees Il iesst e;e1 1
the oisrnte betysen The IT two institutions -.
81 CONCERN: The next account In the l,st-in
the Mercantile Bans.hss been attached, but may
.ms 81 @ns s,ass ss mss Is IN sams
down At good for nothing. We ought to haye said,
that ,o the transactions Of tha Wes:ern Mazire'
previously made blunder Of S15,000 in their a..
cou1 t., and 1t is fair 70 euppoBe from this cir
; sum.ts1e C C. that he blunoer In dispute now BE-
An Investigation will be had. Nj. wtoaworsh
acknowledged, On the other hanc, that the ac-
a sloyenl5 manuer. that no tria1 balance had Been
mate for q year, DC md tnat now It Hould be
ys5y y t1os spd I'd tedious JOB to bring oEdeF Gut of
counted, ard thought they might be worth ,he
rum named. Amope the stcaBh ltems' was the fol-
loriDg: 81, 900 lo.s- Keely-loss on goid.'' III.
eonnt In this bsnk-, When called upon TO psy up
By the Auditor. gold was worth 10 per cent pre-
wia1n Ihe b,nk nag.ox hed on 2 The meney
ut the loss named to the bank.
We Might add other explanations made by Mr.
Amer be had nnished, Metsrs, Faro. Durntam.
ara other members Of the committee made state.
ments Of what hao been revealed during their ex-
ers, that certatn firms and parties who we're Known
to he intimate fret ds oi the rectort, had with
drawn their entire depoeis on the day previous to
ard that consequently there vas COLLISION between
tht e parties to cave these friends At the expense
81 hs M weed de-
y. a. Burnhsm, Esq. one Of the Committee.
submitted some Statements about hls inyesiiea- |
tinss, lie said be had fuucd W. Dickinson, he
Cathief, who had been appointed assignee, fair !
and honorable man, and thinks he understands |
and appreciates The responsibility Of his position.
Il E1; n bark wss TO BE- wound up, be thought II
would Lot paJ dfty cents on the dollar to the de-
posisort. BE = as In favor OF having the institu-
1ion 70 On. IT thought It might tins be able t.
Ply. e Hs reSa'ded r the iransa.e Of ths b,9k
granted. Tha stockholders were not pcrson4lly |
finbe, nom the fact that It was not hank Of H.
would take 6oid and make q proposition. be
knsw etocAhclder from Binghamton. who had |
S1oMG II ne ihstitutlou who was willing to give
and then stue additional etoc1 to pay the b3lsnce
and IN this way the depoBtors conld be paid, and
the stock Eorsh par IN one ye1:
any proposition be might entertain. He said he |
hsd tie consent OF three Of the Directors and not
an ao,oate deplal from tne fosrth twhiIe the ann
proposition: That The Directors would give TO the
CORPORATION 0c0 in cash; the asstenn emit to be
ltIed; ne 1pstita!ion to Issue to the depositors
snq nine months Tor tfty per cent and tie b.lance
to be paid In stock, either " wnte,ea" stock or to
be be taken Z nom present stockholders, thus making
Of their present deposits. He eaid II this plan was
aceepted he had no dcnbt, the certificates
would be paid, and toaE she stock woaid |
a. ete, WITH the $3.50 paid by The Directors,
would psy the certificates. line OF deposits
could be giren to the lnststntiou ttat woad foot
to sacrifice every dolIsr OF stock be yned 10 c|ea
the bark Of IT. present di1lcolties.
Nr. Burnbam thousht it due TINT the present |
Ftoct holders should transfer hal: their stock to
the depositore, instead ot Issuing new stock. lie
tsonsht that The deposito1s shulld insist npon
this.
Mr Woodwork you'd willingly ascent 10 this.
Il ne Old Stockholders were required to siva up
haf their stock, and increase it onetalt It wo1ld
make tbe Institution capital o. $l75,00>, aud
Fonld be one Of the strongest institutions in tho
CITY II i vas wound up4now, 50 percent was all
be ttouekt 1t would pay.
Art Colby offered motion that committee OF
nine be appointed.that is the present committee
Df five and four additional names-:o investigate,
Fecetre propositions IRON the Directors, &c , and
report to an adjourned meeting. The following
s. G. Grages, J. Il McYlc!ser,
g d. Fargo, BE Haudocs,
Jerry Nottingham, EF Colby.
D. A. Bnrphan1. Henry ", King.
J. c. Whtmareh'
The meeting then adjourned until next Monday