The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16
DOLLAR SAVINGS BANK,
THE AFFAIRS OF THE INSTITUTION To
GO IKTO THE HANDS OF TRUSTEES
CHOSEN BY THE CREDITORS.
Order i'm This Case Entered
by Judge Hughes Yesterday.

In the United States District Coar
yesterday Judge Hughes entered the fol-
lowing order, after considering the pro
ceedings Of the meeting of creditors of the
Mutual Building Fund and Dollar Say.
ings Bank (at which trustees were
chosen), and the objections Of certain credi.
tors thereto. The foregoing proceedings
under the 43d section Of the act of Congress
entitled an act to establish uniform system
Of bankruptcy throughout the United States,
approved March I'd, 1867, having been placed
on file and read, the court doth confirm tue
same, and doth appoint George D. Wise, E.
j. Warren, and Thomas G.. Jackson trustees
to take and hold and distribute the estate of
the said the Mutual Building Fund and Dol
lar Savings Bank, which the said trustees
shall do under the direction of E. NJ. Nc
Carthy and j. T. Vaughan, the committee
mentioned in such proceedings, and the
court doth order that the said George
D. Wise, E. j. Warren, and Thomas
G. Jackson, trustees as aforesaid, shall
have and hold all the property and es-
tate ofthe said bankrupt IN the same manner
and with the same powers and rights in all
respects as an assignee in bankruptcy would
have done had the resolution of the credi-
tors Of the bankrupt appointing said trustees
had not been passed and the proceedings of
the said trustees, under the direction of tic
said committee and under the orders Of this
court. shall be as binding in all respects
as any creditor of said bankrupt whose
debt is provable, who has not signed the
said proceedings, as if he had signed them,
and on any creditor whose debt, if prova-
BILE, is not proved, as if he had proved ii.
And the said trustees are ordered to pro-
ceed to wind up and settle the said estate
under the direction and inspection Of such
committee Of the creditors for the equal ben
eft of all the creditors. .,...
And such winding up and settlement of
In bankruptcy under the act Of Congress
aforesaid, and the said trustees shall have all
the rights and powers of assignees in bank
ruptcy given by the said act of Congress.
And power is given to the said trustees to
summon and examine, on oath or otherwise,
the officers Of the. said Building Fund
and Dollar Savings Bank, ard any
creditor, aud any person indebted 10
the estate of the said bankrupt, or
person suspected to have any Of the
said estate in his possession, and any other
person whose examination may be material
or necessary to aid the said trustees in tic
execution Of their trust; and leave is given
said trustees to apply to the court for pro-
cess to compel the attendance Of such per-
sons and the production of books and pa
pers; and it Is ordered that the said trustees
do collect the chooses in action Of the said es-
tate By suit in this court OF otherwise as pru-
dent individuals would as If actiRy in their
own right, and are forbidden to sell at auc-
ton or to make other wholesale disposition
of said chooses in action, or any of them, ex-
cept by order of this court made after good
cause shown; and ar forbidden to pay any
fees or expenses 9; he. than those prescribed
by law except they Ue approved by the re-
eister, taxed by the clerk, and authorized by
The express order Of this court.
And the said trustees are not to enter
upon the discharge Of their duties in this be-
half until they. shall first have entered into
bond, approved by the register or the court,
in the penalty of twenty-five thousand dol
lars, conditioned for the faithful performance
of their duties.
And it is ordered that all monies collected
and received by and all drafts and promissory
notes taken by the said trustees in the pro-
gress of their duties shall be deposited to the
credit of this cause forthwith alter being re-
ceiyed in the Planters National Bank OF
Va.
This order is not to take effect until the
papers reported by the register on the 14th
instant shall have been executed, and the
bond aforesaid Of the trustees shall have been
signed and delivered BY each OF the SAID
trustees.