The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-27
THE BULLS HEAD BANK.

| Joint 6eAting OF the Commfttees or tM<
| Deuo~ttorS cad Stockholders 1t tAs
MetropoItt.N Bank Yesterday NORM
fng-A Comuroa Use Proposed and EC.
fectea-Moctinx Of the Depositors at
Teutonia HsM TIiis Morning-rhs
S2O,O00 Thst WarIosts
Shortly after twelve n yesterday the confer.
cnce committees OF the depOsftOrs and stockhold-
efs OF this bank met in private session at Metre
politan Bark, 1903 Broadway. The meeting was
advertised for eleven O'Clock, but t0r some reason
winch did not tsaTspire it was after twelve wheh
the session began Mr.. Williams, the president o.
the Metropolitan Bank SAID that,it Mad been TO
solved not to allow newspaper men, to the deiiDer-
atoms OF the conference The .HEHALD reporter.
however learned from Mr.. Mooney that sort OF
compromise had been erected py,the committees.
which would be made known In tneafternoon.A
MEETING OF THE sroCKHoLDElss.
At halEpast three O'Clock the sesckh Viders nsee
at the Ashland House, corner Of TweNty-four VI
street and Fourth avenue to hear the reporttd
the committee. The committee CONSISTED Of thoN
following gentlemen :-Messrs. FredericK g.
Mather. Samuel Wilsetts James H. Fuller vsaea
Russell, Charles Guidet, p. S. Halstead' ami = X.
williams.
Mr.. Williams who was chairman Of tles 81 ock-
holders meeting, said that before hearing the' ND,
port OF the committee he would wish to have Oh en-
listen TO few remarks that Mr.. Most had to mako
on behalf OF the directors of the bank.
This gentleman stated that he would not have
what he was going to say misinterpreted, 80 ho'
would preface his remarks by stating thathe wasnot
going to tender the resignation of the Board, bus
merely to inform the stockholders and depOsiesrs'
OF the Willingness OF these men to do anything
that lay In their power to further whatever ends
they (the stockholders and depository might hav0s
in view. The directors would he said, tender their
resignation II such was the will OF the meeungss
and In any event do all IN their power, both AZ
officers and individuals, to help them from the
present Difficulty.
Marshal sharpe was now called upon to impart
any information he mad to the stockholders He
said that he had nothing to communicate further
than that the report which was published In tho
HERALD OF the assets of the bank was not Onlysub-
stantialy correct but perfect In all its details
Mr. Williams, the chairman OF the conference
committee OF stockholders, now read the prOnOst-
ton that was offered at the meeting in the morn.
Ing. This is it,
smThat the present the Bulls Hsas
o he mot s Ss 70 De
o.s; . &c Iaislas STss.rsS
annual dividends when earned BY the at
ten per per and soon as the earnings Of the
cent e dividends both classes Of stock; thence
s2sss s:s.ss
When this proposition, which was drawn up In
the morning, was presented, 1t gave rise to some
little debate, but finally it was carried unani.
m0usly.
A motion was then made by Mr. Mather to have
the committee called for in the foregoing resolu-
ton appointed by the chair.
Mr.. Williams embodied his appointments In the
following resolution
Resolved, That Messrs T.; 2. MatheE, A 8, Cam.
be and hereby appointed committee to reorganiza
the Bulls Head Bank upon substantially the principle
forth in the resolution calling for said commttee that
us and on our behalf. except that they shall
have power to obligate us personally for the
payment of any money for any purpose whatever. Tn
to transfer to them to hold in for the whole
amount of capital stock the to be returned by
them tO said reorganization shall be per-
feeted and In any event to return within two years
after April l, 1873
This motion was carried. Mr. Mather had pro-
posed that Mr.. Williams should be on the commit
tee, but as that gentleman refused point blank, the
amendment was withdrawn and the original res0-
luton carried Messrs. Cameron and Mooney, Of
the depOsitOrs committee now called for some in
formation from the chair Mr. Williams very kindly
answered all the questions to the satisfaction OF
the committee.
subscription was opened fer the stock It was
those present regarding what amount Of the pre-
ferred stock they would take.
A motion to adjourn subject TO the call OF the
committee OF five made and carried.
The depOsitOrs are to meet at TeutOnia Hall,
Sixteenth street and Third avenue, this morning.
and IL Is the expressed wish OF the officers Ofth0
association that every one VINO possibly can attend
should do so, as business OF Importance will be-
transacted.
The report in of the evening papers that Mr..
Halstead had lost q box containing $40, 600 from
the vaults OF the bank was denied In toto by the
officers of the bank, including Mr. Wietts, the late
cashier.