The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-30

Grave limitations Against All tho 0ficers-Ths
Detectives After Conklin-M Meeting Of tho
Joint Investigating Committee
Meeting Of the DepositorA

Mr. Francis w. Worth, the newly appointed re-
cetver OF the Market Savings Bank. took charge OF
affairs yesterday. He retained the services Of Mr.
James Dennis to aid HIM In examining the books Of
the institution. He entered upon his duties with
active vgor, and soon gave assurance that his pur
pose was to discharge them fully, while the Pres
dent, Mr.. Van Name, and most Of the other persons
usually at the bank. remained there most Of the
time and rendered him what assistance he asked.
THE NEW INVESTIGATION.
Mr.. Worth did not commit himself to any express
sion OF opinion. but one OF the teers declared that
as far as 1t had proceeded the new investigation
only disclosed such facts as conceded with the
already published statements OF the ex-receIver.
Mr.. Dennis.
The gentlemen who take the most active part in
the cause OF the deposltOrs met early In caucus In
the afternoon at the ONCE Of Mr. Dowey, in Nassau
street. The general sentiment was that all of the
officials OF the Market Savings Bank were
accomplices In the frauds which had been perpe-
trated against the depOslOrs. Mr.. Morton inti-
mated that ne proposed to demand certain inf0rna-
Da 70 e ps a 1 0n
from knowledge already obtained, but not yet TO be
the Of than e
he asked was Obtained ne could prove with no
he as er NU 20
State Prison 70 mediate on the wlckedness OF rob-
Mr.. Morton proposed that the action Of the de.
positors be taken CONFORMITY against the trustees
and Officers OF the bank. MIR. Dowlev Thought IN
among the patrons OF a savings bank although
there was In fact. Mr.. Morton held That there was,
and thought, at least. it would be far better to
attempt TO arrest all the offenders upon one COM
paint than to prosecute them on individual CON-
plants Tor the separate amount OF each creditors
money.
Meeting Of the Joint Committee.
At about three O'Clock. at 231 Broadway, the pre-
llminary meeting OF the Joint Executive Committee
was called to order by Mr.. Dowly. The room was
crowded with the depositors. In opening pro-
ceedings Mr.. DOwly reviewed the situation. He put
little faith in the statement OF the first receiver.
1t mad been evidently contrlved with the
purpose OF deceving people into the idea
thai the assets were much larger than they
really were, ana that the affairs OF the bank were
nOJ1n so very desperate condition. For instance
the State bonds or Georgia, Alabama and South
Carolina were given worth two or three per cent
more than they really were IN the market He was
estimated too mighty. There very plainly an
attempt to cover up the guilt ana deceive Inc public
as TO where the responsibility rested There was
enough matter benind this to give them assurance
that II they could not recover their money, or ir
they could not even catch Conklln, they could at
least bring certain persons to justice who were
equally Us guilty
AN ANXIOUS DEposroR-Then we are to under.
stand that ne mas detectives looking for COnkllnY
Mr.. MORTON-I think may say that ne has,
ANOTHER ANXIOUS DEP0sIr0R-Has any one seen
Mr.. WORTH
Mr.. MoRroN-I can say that saw him to-day. He
SAID that ne would be glad to see two or three men,
Ders OF our committee.
A DEPOSITOR asked what had been done In re.
latlOn to the bankruptcy case?
The CHAIRMAN replied that as the State Supreme
the APPLICATION for BANKRUPTCY had co%menced' Saa
jurisdiction In the matter, the latter would not be
entertained by the United States Court. After con-
siderable more talk and some wrangling ths meet
ing adjourned.