Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-09-30
rreedmen.s snxtuu. t,auk


SamIscn was selected as chairman, ard Dr.. s.
l.. Watts secretary. There were about forty
ersSLs present, among them several colored
women.
Prot. Sampson stated the object of the meet
ing, saying that there was much interest as to
the bank tbfoU shout the country. During the
lsst campaign be had advised the cOlOred people
TO save their money and place il in the Freed
mems Bank, and others had done the same
Now they were continually receiving inquiries
% 10 the prospects Of the bank, and in the
absence Of Information they did not know how
70 answer. Here, where the bank had its head
quarters, they were ignorant on the subject.
Ire city was rife with rumors as 10 the true
cCndltlOn OF the bank, TO the effect that it would
be ODtbs before dividend would be declare d;
that the books were being bought up for SO
cents on tie dollar, sc. 1t had been deemed a
duty 10 call this meeting and request the COM
missioners OF the bank TO be present and make
a statement as to its affairs.
STATEMENT OF DR.. PCRvIs.
Dr. g. B. PuFyis, late vice president of the
bank, was called on. He suggested that the
meeting had better be adjourned to a future
time, SO that the commissioners could make
as possible. He had been trustee for seven
years AID vice president for three, and they all
know that the bank had history. There had
teen some good men connected with the bank
and some grand rascas, and il was the latter
and the panic that caused the failure. The
people should be advised not 10 become alarmed
and sell out to the lot Of sharks who pretend to
be their friends ard are buyinE uD their books
st a sacrifice. The idea had been advanced
that the bank ought to be rssusc tlted, but he
did rot agree with that idea. For over wear be
had been convinced that the proper thing 20 do
was TO wind up, and they had been enabled 20
90 so Oy act OF Congress. They might have
gone into bankruptcy, bat in such a case the
Cep7 sltoTs wO1id have suffered more. There
we're about 10000 depositOrs, most of them poor
people Who are in need of money. and IL ia the
DUTY of the commissioners to declare dividend
a. early as possible, and he had but little doubt
but they would. He would advise them not To
sell their books OF swap for Iots there is DO
necessity for the latter except grave lots and
they can be got somehow when necessity re-
qnres.
Mr.. Cornelius Clark moved to adjourn for one
week.
DR.. Purvis moved to amend by adding and
that committee Of arrangements be ap-
pointed"
The chairman said that they should be in
formed
AS TO TIE THIEvIHG RAsCALs
who had been connected with the bank, aud
who are chargeable with its failure. He not
only wished to know who they were, but would
Ike to hear Of them taking a free ride to Al
bany. He believed that the friends of the de-
pos;tOrs wanted the bank closed, and those who
were using the money wanted il continued. If
oil had been honest the bank would have been
safe. The people should have the names of the
STATEMENT OF ONE OF THE COMMISSIONERS.
Mr.. Robert PUTvis, one Of the commissioners,
thought an adjournment would be best, He
would state that the commissioners are keeping
the interests OF depOstors in view, and they
had 10 desire to delay the work. The state
ments published needed some change and ar a
fuller meeting be weuld be glad to state the
changes, and although it would not be so favor
able as the published statement, il would not
he 20 bad showing a. those who are taking ad-
vantage OF the depOsitoTs (many of the poorer
class would have IL appear. lie wOud not at
present say anything of the "ring'' which had
brought about the suspension, and would sim
ply remark that the commissioners are doing
the best they can for the depOsitOrs He paid a
compliment to his colleague, Mr.. Leopold who
be said, was working constantly at the bank
TIE motion OF Mr. Clark was adopted, and
Nessrs. James l.. Thomas, John F. Wilson
Henry Beverly, William Beckett, Cornelius
CLARK, Alexander Cromwell, and Rev. MI. War
ing were APPOINTED committee to make ar
Tangements for the next meeting.
The Finances of the Police Court.
marshal EcklOn Is preparing his twelfth
quarterly report Of the business and receipts OF
the Police Court. These reports have been
made promptly AZ the end of every quarter
curing the three years OF Mr.. EcklOff7s ffcient
service in the court. he is charged by lawwIth
collecting all fines and costs imposed, and the
judge OF the court Il in no way responsible for
the collection of moneys, or the making any
report thereof, any more than the Judges of the
Supreme Court; and IT is we'll known that this
- rule of the court never departed from
Complete vouchers accompany these reports
and they are finally audited and settled with
the District by the United States Marshal for
the District of Columbia, in accordance with
the law. Not an instance has been found of
error in the accounts, and no word OF complaint
made; but this officers economy and efficiency
have been highly commended.
The net returns for the year ending January
/. ls'i, were Sb,G2stj, after paying AL expenses
OF rent, fuel, gas, printing, stationery, trans
pOrtatiOn Of prisoners to the wOTkhOuse. ami
salaries. This amount does not incl ude amounts
collected uTOn judgments affirmed in the SUI
preme Court in 3 large number Of cases, nor
amounts collected through the Police Court as
license tax hDess which are not paid 10 the mar
shall, but directly into the District treasury; nor
III e. paid az the VOL khOuse.
il We add 10 amount paid only tie marshal
the other items, and the amount saved on s4li-
Ties Of magistrates, and the diminished eE-
peUses Cf the Supreme Court, We shalt have the
following showing Of the annual savings and
earnings or the court:
Net amount paid by marshal after paying al OK
penseS a. above. ......-...--........S jBZ1 ES
Amount realized from judgments
affirmed 81 d other SOURCES referred
tc, and Tot coming into marshaIs
hands, is unknown.
Amount saved on magistrates sala-
ries :................................. 300 90
Saved III diminished expenses Of the
Crimina! Court, aCcCrdi e TO care
tul estimate, al least............... 20 900 90
So, ~ 3
-+ Judgments said 70 cover $1,000
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