The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-24


everything In his power to oring the affairs OF the
bank out as straight as possible. He mad worked
energeucaiiy aud faithfully. Judge hogan then
read the following:-
REPORT DEPosfToRs TIN CONDITION OF TIM
one S q hs
The committee named by the dspoors Of tho sa s
bank, makes tie following report. -.
that there "a das 3 deposcrs the Of siaAoOS TIA!
ss s ss: % ~ a : e b.
nsi % Haa sS " w g. for whsh S
Sns sSs BE & bad so %s.
OF $4,000 Of which the Of $4,000 bad and
@ o Il Sa s
that ss hs s given to
@ ss s S S $685.
ss sH Oh. ras Of ha
hold. the o. ING Railroad Company; the company
s:'ss:
i | 30 o s ss
ant Of Ss ps aa r n Be- Of s u:q" ne @
total A.. s%sn. q &: ss
whom The receiver COMMITTEES have bean unable e
The CHAIRMAN. in continuation went on TO sIate
that understood at the last meeting tina. MY
wo SS make good =, any Y re- tactic q s
only fair to say that Mr.. Roche had not shown
amy e s KIND dq 1a @ % s.
Roche had given mortgage to the National Saw
a sa11 ON es N winch nc and
Bank. II any person connected with that bank In any
be hell Responsible that Il person was MIR. RoCSs.
Me coqa not ns why as poor
Mr. Roche gave a mortgage TO one bank and trans
his Rropsr 70 q, another Ss1E Judge Hogan
motion to turn the affairs OF the bank Into bank
ruptcy for II that were done the depositors would
not S tine ey Seer rSasr wSu
stances there would he any chance Of getting the
Judge HOGAN said he thought there was.
Another DEpos TOR suggested the propriety Oh
having the dishonest Officers OF the 6ank
unIawfully taken the money. II they should
receive only twenty-five per cent OF the money It
(Applause.l II Mr.. Smith or Mr. Roche loaned
II TO thieves aud could not account for it he was
A If we only get twenty-five per cent OF
our money 1t should be saved TO buy rope With
long discussion ensued as to the employmens
Of counsel and what action should be taken on the
Judge HOGAN, Mr. LAWRENCE and Others coun.
SEIZED moderation on the part OF the depositors.
e former stated tnat ne had ascer.
or checks upon which the moneys were drawn ana
that the receiver had made demand In writing for
vote Of thanks was then unanimously passed 10
the Investigating Committee
Upon motion that the committee appointed az the
revous meeting be discharged, resolution was
adopted appointing o committee Of three. with the
Chairman, to act on behalf or the depOstOrs, and
take such action as they deemed necessary. They
win, however, report to the meeting before pursu.
Ing any definite course. The committee CONSISTS OF
Messrs. Phillip Canton Sullivan and John Fox, and
Judge Hogan.
Mr.. JOHN Fox by general request gave an ac-
count Of the affairs Of the bank 30 far IS he knew.
He said that when he received the intelligence
that the bank mad suspended he was IN the city
OF Paris, with the intention or remaining theix
until next July. The news astonished him
as much AZ any OF the depositors.
since his return he had been wholly
ENGAGED investigating the AFFAIRS OF the
bank, and he found It IN rotten condition. F0x
eighteen months previous to his leaving he nad had
nothing 10 do with the bank. Owing to the recon-
menduti0ns OF Mes5rs. Smith, Roach and Selens he
had confidence In the institution ana had de-
posted In 1t money OF his own and family To
the extent OF $85,000 Mr. Roach had assured him
before leaving that the bank was In q prosperous
condition. After ausl0n 10 the false representa-
lions made he observed that the meeting had taken
practical slep In appointing committee, and ne
would give $500 TO bring the guilty parties TO justice.
SO long az the dishonest officials could walk about
the streets, alter stealing the paOple's money,
nothing might be expected but when the strong
arm OF the law was brought to bear upon them they
would probably bring back some Of the stolen
money.
me meeting then adjourned.