The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-23

The phase of public opinion that prescribed
itself yesterday In reference to the, affairs OF the
Brooklyn Trust Company IS that 81 acceptance OF
the situation. There is great discomfort on the
part of the stockholders and deposit0rs but there
IL an increasing disposition to await the statement
of the receiver before taking any hostile action.
The stockholders will meet to-day TO decide upon
what day they win call special meeting for con-
'sidering their position. Ina interview given be-
low Receiver Chauncey states his views as TO the
charges brought against the company. He
reiterated yesterday to reporter OF the
HERALD his firm conviction that the de-
positors would be paid dollar for dollar In this
opinion he il supported by Alderman Ropes, the
Chairman OF the Finance Committee OF the CON-
mon Council who, on behalf OF the city, has made
an investigation OF the company's AFFAIRS MIR.
Rodman has been suspended from his position as
Deputy City Treasurer, but it Is scarcely likely that
similar action win be taken to his Secretaryshp
of the Trust Company. There will be a meeting Of
the directors this "wednesday evening, when 1t
10 not unlikely that important action viii be TAKEN
The will OF the late Mr.. Mills, given below, affords
an opportunity OF forming Judgment as to the
estimated value of real estate, and the amount
that can be made available for restoring the bal
ance Of the overdrawn account.
INTERVIEW WITH MR.. RECEIVER CHAUNCEY.
called at the Offices Of the company and, entering
the directors room, found Mr.. Receiver Chauncey
i'm a group OF directors and other gentlemen, en-
gagged in general conversation. Perceivng the
reporter, Mr.. Chauncey at once left his brother
directors, and, taking seat at corner of the
F.. rOon invited the reporter to join him. Contrary
to the usual custom when an interview is impend-
ing Mr.. Chauncey opened the interview by address
tng the reporter, and said:-
''Now, want to interview you, for the reporters
and the newspapers evidently know more than
do about this affair." and think it likely you can
give me some Information"
al have not the slightest objections to be inter.
Viewed, Mr., Chauncey and II there Is any inlorna-
ure."
being appointed receiver, and intimate that l and
some OF my fellow directors are In q ring and
boat as Mr.. Mills should ike to Know on what
they ground this superstition"
Il cannot tell you on what the papers ground
this suppOsiton, Mr. Chauncey but think 1t strikes
that it is somewhat anomalous that this inveshga-
10 be investigated, and whose action, as directors,
has excited something that appears like public in
NEVER SOUGHT THE APPOINTMENT
~ never sought the oiice Of receiver; ! refused
personal friends that decided to take It, have
plenty Of business to attend to; want to be away
with my family, who are in the country, and would
much rather not have had the receivershp. don't
care about the two and half per cent remunera-
tion, and II the stockholders want an outside party
have it."
HOSTILE ACTION.
''YOu don't know OF any hostile action On the
part OF STOCKHOLDERS or depositors, do you, Mr.
Chauncey r
only hostile action hear OF Is that which Is threat
ened In the newspapers. l have seen good num-
yet that is dissatisfied with our present policy. I
had one IN today, very large depositor and he
will wait the issue OF events with patience Indeed
they all will. What else can be done"
"Can you form any idea as TO when 1t Is likely
that patience viii be rewarded, Mr.. Chauncey9"
al cannot. When all the depositors' books are
in we can compare them with the bank books, and
II all is correct why we shall very soon be in
position TO declare the frst divcend.n
"You saw what Mr.. Hondlow said In an inter.
view in the HERALD to-day about directors know
ing anu Dot knowing what was going on In their
THE IGNORANCE OF DIRECTORATE BOARDS.
man, and his Judgment is to be respected but the
question is, what is practicable and what is not
for any as o % praeGe II
the details OF the business Of any institution COM
pany. rhe executive head must be relied upon Tor
this. lie Is called upon to decide as to whether
tain negotiations every hour Of the dav,
judgment of the President. In this DO I'd there
to be in a minority unfortunately for the. msttu-
ZION. That was only In special matters brought
before the DOaru, the 0etall OF the days business
was gone into by the President. don't blame the
public Tor censuring the directors. There has
been so many regulations shipwrecked lately that
panic has come upon the public, but believe
that there are some honest men loft yet in both
c,tles. should be sorry to think otherwise"
NO OUTSIDE RING USING THE COMPANY's FUNDS
at is scarcely fair to ask you, but, as you have
been indirectly charged with it In the press, there
Is less need OF dellcacy in putting the question.
Was there an outside ring OF the Board that made
use OF the Trust Company for their private enrich
ment2"
'.No, there was not that am aware or had
ntue money deposited here. / have never had,
uon did not want IL. have other means OF in
vestment, and do not believe that there is any
truth in the statement that knowledge obtained
mere az directors mas been used In antagonlsm to
Tue interests OF the trust that the funds OF the
company have been used for that end"
Ethelbert s. Mills win.
In the surroaate's once yesterday the win of
Etheloert s. Mile was presented for probate. The
following Is the will and accompanying docu-
.ments:-
Kings and state OF York do declare the ccwng to- To-
give devise an hequeah all my property and estate,
sGi fe1 u. and sns to my beloved wife Ellen
s snSS.s Nails saw my STYsasr Jsgcs Mini.
hereby authorize them and the survivor OF them and
or eSeeuo to sell and convey a ar As 81 eIeS11
estate at public or private sale and for cash or upon
In witness whereof have hereunto set nv hand and
'eal "a tins 18th day Of june 1 ETap,pr.r VII,
Signed, sealed published and declares by the sad ses
presence. who in his presence his request and in
the presence OF each other have hereunto ubscribed
NJ. T. RoDMAN,
EE L 81 sIs Hp'0n street
KINGS covsrr sunaoa4rr coUS1fn the the matter matter Of
inc Application for the probate wi and