The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-09-11
the MONEY CRISIS.
4sSjsIon Of The House or Overend, Carney 81
ia. A. and Before Its Failure.


Yesterday Mr. Peske, the Chief Clerk attached 20 Wee
<Aancs,Ior suarts Court, occupied 10 late hour
sAAk past hye o'closL IN hearing an application which
originally made to him last week. Ia the winding up
aAtter VI Overend, Quincy Company for order TO
1spsst the books and documents Of the late company in
- hands Of Mr.. Harding and Mr. Turquand the liqui-
aatorx The application made the part OF Mr
Duudas, shareholder There was, the present coca
NJ. Mackenzie represented Mr. Hrlford, Nr Abbott
apd Other shareholders Messrs Burcham for tie
9smmittes OF snpervion-Mr Grisseli, MIR. Kngscote,
md Mr.. Oppcnbem Messrs Young were for tie lqui-
AAlors MT hayend represented creditors aud share
Ao,ders; and Mr. Harding ateo attended
There several shareholders present and the pro
sssdings werc OF an animated character
paxt of shere hoders 10 G2ss 600 in suppoIt of his
application Tor an inspection, which would DO Of
pa o Mr. 6ms1 os sea ne se s
sang forth hat the company wac registered on Tie
1ssh Of july $685. and hat the objects 70 which
xScoant bills Of exchange aud generally 10 carry III.
tosness Of bill brokers and money end ~ which had
sApisi az the compsny declared 70 CONTEST OF
1Sco0 coo divided into 100 600 shsfes Of $50 each AID
shares. That Of f5oo0c0 fixed By the vendors
- the business OF 0verend Quincy ca. the value
81 The goodwill OF their business 20 be Transferred 10 the
ssmpany, and that amount agreed upon aud
ally VAS paid by the directors OF tbs com.
p~ny 10 tbs sad vendors IA cash snd shares.
4rai While the incoming sAsreholders we're informed
chat The goodwill Of the business I've
fss~sd Jeiersd ne ts..ss aad tee. susa.a,as
ssros ond serious o.es fo many md e' a. fs s
" ne troag0 ~ ossines had drifed i,pe hoTe,, ~
sArecy, md ,cos snrcfced ~, tsnLs spfasf
e~fcs>f asses 10 @est ne That he had been Ia.
Armed and believed ,is, ~ tobst.s G~~gfersa
whopf nfc,ent assets o. Dsss hem, which assets he ar
uewcIIl believed consisted great measure ~ had
Aets mapy Of which irrecoversbie that after the
@AAsier OF The business Ihe company carried On tl
80 eth OF yay-s period OF nine inonths--vhen a
s.sa.n'y closed ~ Ssons amounting ~ 'is;
abs cscsIps Of The company che shareholders had paid
upon ga 10 share The VI q 900. beng en- aggregate
Of III $4,000 and assal o. Go per share had
~ Oco 0s0 The applicant iurA VI stated that be ws-
s"s.aissi 70 VI Dindss :, Vi Other is1ss share
sescers anu 10 ht judgment n was absolutely nec~s
ry for their Information, prote ion aud defence and
shst Of the general body Of rhsfeb ders that an nseo
company should 90 Independently ma de on Their behalf
sAa without such inspection the saas 'hodes fo Whoa
ess connected with the formsia Of me con'
parry Further, tbs AFFIDAVIT sts,cs that Mes's
aaaors, had been solcii-rs 10 the. vendors and
lad seted for the company He mr. Lswis
that ihe fact should be snown A. the a lplrat0n va
hos opposed ~ .he committee d saperyba On ne Would
position y stated ihs. since Ne making % his former
"a dsgt he he'd made certain Inquiries with eieense g.
.he committees q SUPERVISION sppoated At meeting q
shareholder, with view o. learning their 1nn,e''on
and interest IN the ndns pp ~ the ,comgsny sni y"
hsi been informed and believed ths, The 4 amflee
consisted 81 three m.nbets-sr Charles opTs nhsm,
Henry Gr'sseii sud Henry hlngscote lie STATE that
~ Oppenhem ~as not shareholder, but SIN ~ :
dep sor ~ tne extent ~ $4,000 that W. Gfsss was
ALL d~p1stor Ia his own 20 tho extent of aiA 900
ssd Interested another dep0st 70 about cal 90 al
nriy held 50 sbsfes and that NJ hlrgscvte was "
holder 0f 80 hares 10 illness had been uusp q
attend and that In Of tts interests VI thu
committee being favor inoF wholly ~ calling upon
sLe ptarhodcfs to psy me amounts 81 The deposits 30
,galon, a. he believed had been made ~ Them
for protection or the shaf holdcr We sir. lewis
slbuuAi hat be bal s.sGea tie Chief terx quite suf
freIny for I'm - giant lsspsuuon u The books and
roper.
w.. Mackenzie geaa an arldsvt " support ~ BIZ n.
specsl1n, wishing inquire nte the coA44ct ~ A. 80
tes who had maae ~ transfer p me new dtc'ofs
Ne had special pe9eet Tor his Application
On the psf ~ the Con INIT 81 S4pcfsis.0n adA
Wit read tlsi they required 20 inspect the da met
and the statements rat forth BY VI hogol were -
~isd. Although atfoin Ell ~ the Shareholder they
not coBnertsd 18th he tguidatlrs AM atraegn
she rooks opened 70 them, hey ~slsd ~ further
information A. ~ lsvers
W. Lewis wished ~ ~ dsiinri'y cnaefftO0c tlsf
he DID oppose The in-pHcVu ~ he Other paffifN
He bad bssn u. nfsi 70 take Uut fbn1ip ar1 nN~
stosrr Win moved lbo maitcr cams forward ~
On irsre.tlon
M Oosf cisrs inquired The obsr a he lnsps i1r