New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-17
Totnl q 2l2 sharesl ................ Sl2l,

Total q PIP shares ............'.'. Ti@i-V"
nn the 10Th day of December last ST. shares (St2O OF
CHS ..oS transferred to Joseph Morrison in trust ana
a, the sane day 5sS shares s5o0l transferred to Al
bert Lee in trust"
s .ociboders creditors aud public WILL therefore, see
Chat the gentlemen signing this card the same who more
th.n eish, months before had any connection WIN o.
laowel,e Of the affairs of this Company that " OIL 'e ga
s,v Of Mach 1855 assuming TO act in their corporate Gu
,,l Of eou.e as guardians Of the Interests Of stock
lers aal crsdOrs by Their personal action conferred
epaed to confer upon the fs, President oil the Company
.tNr B. c. Morn) power which, exercised oy MN ss
"a r,,pt1 A, these gentlemen well knew in the transfer
g. The asset, of the Compsny of sl2 200 of money and
80 btion therefor las If OF the assets OF the Company
n Ike amount Of the ComPany's own stock
A. will be seen by reference TO the extract above rom Nh
-, R,o,rt 1881 $40 8lw paid to Joseph Morrison
a. ooo shares Of the Compays stock in August 1862
w did upon learning Of these facts appesrs ia the fol-
,uipr extract from the same Report Of Mr.. Barnes;
ION tie Is. day Of December 1867 Mr. B. C. Morris having
o,ped Mr. Edward Stsn.bury assumed the duties oil the
Presidency aud on learning the facts to the ownership q
a., sl 200 of the Compsnys stock. repudated the
,,;on a. Illegal and inpropcr and threatened 10 resign
~. Presidency and refused make Annual statement OF
N. ooudon and aar Of the Company unless the error
, acme way corrected and the Companys assets made to
,,oru 70 The provisions Of its Charter, and the general FIRE
Insurance Act"
Now AZ Mr. Barnes IN person pursuant 10 law, Eoe '"s
preceding his report and took the testimony OF
various parties including that OF these four gentlemen ana
s.u u,on review Of the whole stated the fac'' and
conclusions in an official form, it will be well for the gners Of
M card to consider far their card OF suggestions and in
ion rather than statements intended though II be- not
Anly AZ A.. stack on me bat thrust at the well compaced
Report Nh Barnes will be consderedt have accomplished
Is purpose So far their card aims to controve the facts
and conclusions Of Mr. Barnes need say nothing So far as
Il a,.ais me. proceed further to an'weri'.
Fh,t have not promised to make public statement
explaining par. Of Superintendent Banners Report which re-
fsrs more particularly TO themselves"
Second It is entirely stated In the card hat no
meeting Of the Finance Committee called or held TO
take action in the OF the loan Of 200 u = Stocks
fr the simple that there such loan The
effort Of these gentlemen to contradict Mr. Barness concl1
sion As 70 the character Of that transaction will fail they
ran do no than call the Transaction by name that does
10, belong TO H. And the Report AFTER stating my action on
learning the fscts. sdds;
Theeupon Joseph Morrison snd Albert O. Lee replaced
n, 200 Of Morris Stock with seventhiy L. s. Treasury
note, which were put into the Companys tin box" &C.
That H. the Morris stock taken and the Seven thres
received and retained.
The latter took the place among the Compsnys securities
which the former had improperly occupied
These gentlemen further say mir Kirby, Vice PRECEDENT
did under orders from the Finance Committee when
DtH SAID 20 have made the VI
seyenthirties above referred to-" OF course not II
10 made any arrangement for a loan e. oil And
q seems here that "he Is said" to have made it. by
whom? Not by Mr. Kirby myself both say the
contrary. By the Finance Committee or by these
sepenen in their unofficial capacities The Report
OF them furnished the United States bonds in
lhsn Of the transaction and make their statements little
more strongly than on heassy sone And the distinction be
tween acting under the orders OF tic Finance COMMITTEE as
Committee, and them ransGO
hon in which two Of the constituting that Committee
acting partie. whom large Of money 10
Abe Company und uuder the coro Of the Fnsnce Committee
one Of little value. even any person could comprehend OF
Further it true stated IN raid card That the Nor
rs Company were never the owners OF these bonds IL
the President Of the Company upon security stock
oihs Msrrs Company and were duly returned when the
time Of the loan expired Blu, why this canton in Stating the
loan made 10 Mr. KIRBY the pics Prslden9 The bonds
vent into the Comlsnys safe, not Mr. Khby' and when
they wen: from the Company safe. IT, when they wen.
MO the Company safe they we're borrowed they were either
does not say the Company borrowed them Now II Nj Kirby
Borrowed them for Whist purpose they borrowed Not
90 l persons account esrainy Tor these gentlemen say
n their card that "llr Kirby held share Of the
ocs II he borrowed the Seven hrtes he rnnt have Dor
y were kely to Inow where the Morris stock came from
rc they Intimate lad been pledged and in whose int.rs,
hd pee held a. it had STOOD In their names In trust They
lne" ai he kirby cord have had title TO the Morris
eoes and no right 70 pledge it, or all men in the world they
go DC presumed TO have most ample fnow"dre OF this
sock and the history Of it, transfers Ever Mr. Kirby had
fnoush. lie could borrow the Company could Dor
g. own stock, i. is difficult to ,ee
& sny persons could Of the transaction
Than these two gentlemen. And far as personally
sed the sigees Of this card might choose their position
this lsscton and in connection with resolution re-
sd TO above passed in the early part Of 1865 meeting
Wien they present by which the stock be pro-
edfom deprecsiion place themselves before the Stock
hodsrs creditors fthis Company in any Hrbt which eli
Aes O. zen together shed upon tho history aud conduct Of
u. enterprise.
aes.t know nothing Of loan the pretens. Of loan
Their card does not claim this They without quite
sns .o that there arrangement for losn, snd then
teen Kirby and Nj ssnsbary tina. these Bonds should
usa Is fund upon which 10 base arepo 70 the Insurance
psr're, such agreement was made without Die knowl
80 Zoe undersigned" As there was no agreement
- We kind any necessity for one. In regard TO
e. Coapauy's securities Of course these sertemen
.d nc knowledge Of St and whether they call bypo
sos corrupt or otherwise" l. only experiment in
fhs.ss without facts to which 1t be made applicable
~ Gentlemen are pleased to infer that undoubtedly
80 h'w that those 2l20O Of u. s. Bonds were not the
.aoPey Of the Company but loaned upon its own
on the Both day 81 December 1865" have knowledge
Bond were treated by me a. all times, after they were
ved d. tie property OF the Company which they actr
~ere Aud Nj Barnes viewed the matter (see bis re-
The subsequen, action Of the Finance Committee these
sasn on tho 18th day Of February 1856. by which the
emesn Coast WTecking Companys Stock transferred
tAe Ior:ia Company showed that at that time they were
srsrnsd BY the idea that something different from the
sz0 Of the Stock Of this Company should sgain the
80 Of that stock The Sspertt erdeut also Vague
promises have been made TO the Superintendent by
se.r. Morton 4 Lee that the $4,000 Of Columbian
osH Wreekiog Conpanys Stock would be replaced by H. s.
u-safy Notes at some indeare future period Why
a. ptonesl Nothing bu; Of Obligation to replace
Iompeays St BIZ o. :. bonds accouut 70. them.
ae ehe.s Of COLLISION with Nc Hammond al the close Of
rsv 81 These gentlemen smly ridiculous or worse In
ss HsInnonds Doninstion Of me as Receiver and fully
ssssesa 10 the sf BIZ. HaIamenS snS ths .."AssS