The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-08-13
A CANADIAN LADY.
How She ExcOrinted Some SyIndIInR Bank
Directors.

At a meeting of the Commercial Bank of New
Brunswick, which was held few days since, a
young lady named Ladds, of Halifax astonished
the other stockholders present by a stirring
speech, 1t appears that she was stocltholder
to the extent of $4,000. She spoke with the
utmost accuracy and composure, though with
much animation. She said-
Mr.. President, Ladies' and Gentlemen:-From
sense of justice to my widowed mother whom
you have left without home, | have been COM
PEELED to seek redress elsewhere, with a view to
discover how the bank was managed and why
IL failed. For years past ! could not ascertain
the true position of the bank, which the state
ments of the directors represented MS quite flour
ishing. Now that ] have been robbed of my
property, it seems to me TO be a very modest
request to ask "Who took it," The amount
which had at stake having been G2250, / think
my question quite mild one.
Mr.. Sanction, the cashier, addressed a letter
to the stockholders, making many charges
against the management. You have taken no
notice of it. Now, as you are all strangers to
me, the cashiers statement is Just as much to
me as yours is-nOt that ! can have any SYM
pathy for any person connected with this dis
graceful transaction; but, in common sentiment
with my native city of Halifax, | have more
sympathy with the cashier than have for the
directors. We do not think it right that one
man should be prosecuted and others quite as
bad allowed to go free. ! was in st. John last
autumn, and before leaving for Halifax called
at the bank. Mr.. Sanction treated me with every
respect. i lnen wished TO learn something
more, and | called on Mr.. Seely and explained
my difficult position in relation to the bank
81 do not see why said that distinguished in
diyidual II do not see why you cannot work
for your living Lave now a word in return
for you Mr.. Seely. As my father was neither
a business man nor a professional man, and my
brother post-captain in her Majestys navy, l
do not see why either an English gentleman's
daughter should work for her living, or why
man like you should live on the fragments of
her property. 1t is well for you, sir, that two
of as noble officers ever England had are in
their graves, or you would have been taught
greater courtesy ere this. | have now with all
respect to state that ! am advised by the very
highest legal authorities that by your charter
you are no longer directors, but trustees to wind
up the affairs of the bank, and as such will hold
you responsible | did not vote for YOU Us direc-
tors at the last meeting, because | could not do
so conscientiously. | will look to the law of my
country for protection. in the spirit of my de-
parted brother; and with the God of the father
less and stranger as my protector, | am not
afraid to stand here alone stranger without a
solitary friend, to contest my rights with such
man as you, and before sitting down. BEG to
move that Mr.. Sanctions letter be read and con-
sidered at this meeting, and | trust that the
sustain my request,
Miss Ladds' speech, delivered without the
slightest hesitation, was listened to with marked
attention.
James Gerow, ESQ., seconded the motion that
Mr.. Sanctions letter be read. 1t was put TO the
meeting and carried una limolsy the motion
causing a considerable stampede ON the room,
including in the number of those who withdrew
some of the directors