The New York herald., 1871-10-15
THE STUYVESANr SUSPENSION.
Another Meeting Of the
stockholders.
A Full Statement To Be Forthcoming in Week
Dim Hopes for the Future Of the Bank
Director Buying Stock.

The receiver appointed by Judge 1ngraham TO
take charge OF the affairs OF the Stuyvesant Bank Is
very busily engaged In overnaullng the records OF
the Institution, with bevy OF easy y-going but
RATHER CHAPFALLEN DIRECTORS
NJ his elbow. While the reporter was at the bank
yesterday afternoon persons continued to make
futile efforts to get money by presenting checks to
the receiver who enacted the formality OF refusing
them without giancing at the amounts. Outside
the desks loitered several stockholders in groups
discussing
THE MYSTERY or MANAGEMENT
which had brought on the present misfortune. IL
was rumOred that on the first day after suspension
Mr. ii. O. b. Archer had intended TO oner quarter
OF million of dollars TO help the bank; but, from
some unaccOunta0le cause, had thought better OF II.
Another rumor, to the effect that the bank
had been not altogether free from specula-
tion in gold, also found voice, but was
enectually contradcted by the officers. 1t
was stated by the president that the directors OF the
bauk did not then hold more than $50, 200 OF Its
money Several OF the directors assured the reporter
that they had never even discounted ut the bank,
and had kept no account with it whatever.
A GENERAL DiSINTEREsTEDNEs5
seems to be claimed by all the parties concerned.
In one or two days, and VIII declare dividend with
IN month as the Court nHy direct.
THE STOCKHOLDERS AGAIN PUT THEIR HEADS
The adjourned meeting OF the stockholders reas-
Sembled last evening at SIX O'Clock, Mr. COllam0r0
In the chair Mr. Bell reported from the committee,
which had been appointed TO confer with the re-
ceiver tnat 1t was impossible to render statement
then. Mr.. RaynOr remarked that 1t would take
some time to examine the books, but IL was stated
that the receiver had said yesterday that he would
prepare statement as early as possible.
The CHAIRMAN then reported from the Committee
on
SECURING CLEARING AGENCY.
They found 1t would be impossible TO make any
arrangements at this time. Money matters were
unsettled and everything was feverlsh and excited.
Mr.. Mead had had some talk with the gentlemen
OF the various banks and they mad ad-
put up very large amount OF money
In order to resume their exchange. Mr.. Callanore
had called at the Leather Manufacturers Bank and
had met with q delicate refusal 10 entertain any
proposal to redeem for the Stuyvesant. The report
OF the committee was accepted.
Mr.. RAYNOR then SAID that the bank would now
remain under the hands OF the receiver and
THE AFFAIRS WOULD BE LIQUIDATED
fast and economically as possible. Before tnaC
was accomplished, and they mad seen what was the
financial condition, there can be nothing done.
perfect confidence felt In the receiver. Mr..
secure the sale or the lease held by the bank. 1t
was carried, and Messr5. Mead, Bell, Campbell,
Briggs Hanson and Collanore are the committee.
INQUIRIES were made rs TO how soon the state
ment OF the receiver would be forthcoming, and 1t
was answered Dy the chairman that 1t wound pro-
baby be within week. ihe meeting then ad-
journed indefinitely.
THE GENERAL EXPERIENCE
before the meeting and alter was that there was
hope tor the future OF the bank However. certain
said that ne had been buying the stock OF the bank,
and Jnat "he wouldn't have done so If there
money in It's vaults" And thereby hangs tale
which may yet be unravelled