New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-23

1870 we're reported from the Committee on Finance
and were ordered paid.
Alderman wylie offered the following preamble and
resolution;
whereas OF the utmost importance that the CITY
tutOns beyond the conception OF doubt as 10 their s
whereas large amount of the funds of the City OF
Brooklyn arc now IN possession OF the Brooklyn H"'
Whercas The said Brooklyn Trust Company has not
the confidence OF the entire public, IL being evident t
it on the verge Of an extended lawsuit cer
of the City Government having moneys or securities o.
the City Of Brooklyn deposited In the Trust ConpS e
w1tbdrawn forthwith' from said BROOKLYN Trust Com
pany, and be placed I'm such banks or a d
occordance vim the law i'm relation thereto. and to re-
port To this Common Council the aont ~ sun noneys
and In what banks OF other lhsutuuohs Saiu "'N'
have been placed. 49,,
Alderman Wyle gdefended this resolution on inc
ground that a lawsuit would be brought by the ciV
against the Trust Company in few days and that II
was the Common Councils duty to protect the ei'
funds.
Alderman Richardson made long Grafton in favor OF
the Trust Company's management ana cohciuueu "
Offering a get OF resolutions cOndemning Alderman
Wylie for his action. -,
Alderman Rodrnan followed in long defense OF the
Trust Company in which he said: God alone eau
destroy the Trust Company, but by human means 'n9
cannot be done" The speaker said that ne Wouu no'
20 into details about the Company lie went on, now
ever TO pronounce an extended eulogy on MI Ropes
He abused THE TRIBUNE for the part II mad taken III
exposne the frauds Of Trust Company and accused
Alderman Wylie of being merely the tool OF Brooklyns
enemies
Alderman TAYLOR spoke Of the abuse which Mr. Ropes
had received from subsidized press, but forgot 10
mention either the assets or liabilities Oh lhe Irust IN
pany He defended MI Ropes IN st w., action
half an.hour He denounced Aderman myne tnst n
rs the result OF a selfish and malignant sp'e ae"'H'
felOw-member of the Board - ,--,.,s O.,
Alderman Wylie replied that 1t was not ms ouslnes ~
make snread-eage speeches. He had nothing 70 sly
AGAINST Mr. Ropes personally. He spoke only OF tno
Brooklvn Trust Company. He had night 10 an opnIon
ahon where The funds the city should he placed me
resolution he had offered OF bis own accoru ana nv t
prompting Of no one He was not III t1e Hoaru W a.
any se of men he there In the interest oil inc
neople Time would justify bis course IN the mater
ana me did not mind personal abuse For the man Wno
had been abusing the 1rust oohpany tsae and
MONTH TO become IN week stockhoder, trustee anu
president was certainly strange hnancal tfahsactvn
The resolutions he had offered were IN the interest O '
Alderman Ropes blamed Alderman Wylie for mot tell
ing him beforehand what he was about TO do he ulu
NOT wish to make.the matter personal one MI Ropes
tben went on 10 defend his actions as an Alderman
Continuing he reiterated his previous assertions as
the way which the defacatiOns OF sprague anu hou
man were discovered and said that so lar as human
agencies were concerned he doubted the possibility on
breaking the Trust Company" Mhen the panic htaIteu
on Wednesday last called together the IL trustees VINO
had signed the paper agreeing 10 Keep up lne trust
pany aud on Saturday they had put tOOOO III cas IN s
hands They had paid aside from inns nearly s1oy
since he took charge Of the Company. Five hundred
thousand dollars would be paid IN before many uaSs
He dId not want 10 go into the Trust Company lie was
urged 10 do So He pleaded for Alderman WyIie, anu
asked the Board not censure him for what he had
done i'm an mpulsiye moment. ,,
Alderman Clancy moved an amendment 10 the resolu
tions OF censure offered by Alderman Richardson, Dut
the latter refused to entertant These resolutions were
then lost by vote OF seven to nine Alderman WIZ
man Wye' sresoutfon the members OF the Board eYi-
IDENTITY not being DESTROYS of committing themselves