The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1869-10-18
Scene in the Gold Room,

The New York Gold room was the scene O
considerable excitement Saturday forenoon
which is thus described by dispatch from
that city: 1o'ailac1-' NJ lTa.,s
Mr.. g. N. Jordan, the receiver of the Gold
Exchange Bank, was called upon by the Board
to make statement in relation to the affair.
| of the Gold Exchange Bank.
He, in substance, stated that had he been lie,
| alone by the Courts and LAWYERS he wouId
have taken up the assets of the concern and
| paid its liabilities. But this was not to be-
The cormorants were after him. Mr. Jordan
then read note from his lawyer, stating thai
Charles Unger & Co. were unable to settle
tn .r accounts with the bank. He continued
The responsibility of all this delay rests on
Charles Uneer & Co., and even if they were
willing to settle, there would be plenty ri
equally rapacious firms to step in and take
their places. was told yesterday by LAWYER
that thirty persons had applied to him to com
mence proceedings against the bank. and that
| he could only dissuade them from doing so by
urging that if let alone the bank would be en-.
| abled to settle in full. The order of the Cont
allows me to settle all claims against the bank
and If am only allowed to do 1t can make a
complete clearance in a short time. 1t is your
1ault that L am not able to do it, The share
holders OF the bank have consented to lose
$260,0OO, besides which the bank advanced
$4Oo,O0O on the day of the panic. If it hadn't
done SO you would have been ruined men.
every one of you, and a number of banks which
L can mention would have gone to eternal
smash. Instead of advancing that money. the
Directors should Rave said to you. DO youl
own clearing! [Cries of That's SOL But
they were fools enough to try to save the street
and this is the gratitude you show them. Yonr
new clearing house may be a success if YOU
have men of sterling integrity at the head of
IL, Dut on THE question I have nothing to saw.
am Trying to serve interests which friends of
mine have in this bank, but, in doing this. / do
not pro ose to rob anybody. ask for only
tnrea days, and if don't manage within that
.ine 10 pay 10 or 20 per cent of the banks La
!, .nen you may call it wreck and turn
des,re II 70 aa assignee in bankruptcy If you
uesire IL VIII report to yOn every man who
STANDS IN the way of q settlement aud want
you to mark that man, SO that he NAV never
mold up his heal to do business among the
business men of New York. N0
BY a member-We want to know sometb;po
ABOUT the affairs of the bank
Mr. Jordan-I believe the bank TO he sound
ana Solvent IN every respect. l ask three DAYS
ana IL can't settle then will give up.
MT Charles Unger desired to make few re-
10Y relative to the attack of Mr. Jordan on
MS nrm. Ihey mad endeavored to makea SET
Element, but could not do it without reconrsa
to law. If Mr.. Jordan had not made the re-.
MARKS Just heard settlement would have been
bitter end. " '"'
Mr.. Jordan-I want to explain this thing.
:. w L
admit his claim he would withdraw his LEGAL
sult. As soon as 1 made the admission he
went to his lawyer and that gentleman tried
10 strlke me for money. hope he may Get ii.
Mr. Onger-Gentlemen of the Board, Won
kn NV me sufficiently well enough ~
40 MT Eugene Jackson (sarcastically)-So wa
iano tSnger; SO we do! Loud and PROLONGED
,dsu rat amid which Mr. Unger-a small man
retired eSS'od VI countenance-
l.; WI, ooruan returned and repeated some of
ms statements OF the affairs of the banL ahor ~
gwen, and said:-We don't rennd;ata arn dooso
but the nine already thrown out hn. th hnypody
be lots of them who repndiate US This 'G h WI,
did nobly by you, and if you (addressinep a tha
members With great vehemence) are me .ne
enough to leave it for another institution yam
ire too mean to live! Immense commotion
lbout equally divided between applause and |
1 'sses. t1iaA6 ~
A meeting of the creditors of the bank was
allied in the afternoon for the purpose of as
ertainipg the true position of affairs. There
vas much indignation expressed against Mr..
ordan for the delivery of his speech, but not
outstanding the ill-feelng manifested, it was
aousnt there was more truth than poetry in
10 s'a'ehhchtH w 49,