New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-31
WALTER ROCKIES SAVINGS BANK.
CHARGES AGAINST THE RECEIvER-FULL STATEMENT
OP TIA AFFAIRS,

CHARGES AGAINST THE RECEIVER-FULL sIAIEmENi
OF ITs AFFAIRS.
An application was made yesterday to Judge
Donohue 10 Supreme Court Chambers, for the removal
OF jeremiah Quinlan the receiver appointed 10 WIN
the Guardian Savings Institution The potitloner ID
James Gil. a depositor, and he charges breach Oh
trust the Receiver In regard to the funds or the Oank
sacrce OF the securities OF the bank In their sale az
discount useless expenditures In carrying on the trust
among which he characterizes the employment OF
two more men than were hired by the Bank when
IN business, and tho employment OF "atcDmah
after the valuable property had been removed "
% safe in the Park Bank, discriminating payments
in paying some in full, the want OF Keeping proper
accounts and failure to file proper inventory. Mr'
Qunians affidavit read on his behalf, In wlIch DO
states that he was appointed In November 1871 and has
since been active and digent In collecting the assets
and distributing them, without any complaint Till Dec
2, 1874. Then e1 parte order was served Oh hl",
hnipg him $40 and directing him TO file an account WITHIN
20 GAYS He had had this modified 30 as TO turn IL nto
order TO show cause, the account to be nled whn
20 days after the decision; bnt on Christmas Eve
another order was served striking out the delay
OF filing the account. BY great exertions they naa
completed the account and flied it, The reason u nau
not been before that there was but nye pei
cent remaining due to depOsOrs Only slO6 was que "
James GILL; AT the receiver had $3OOO IN ras'
There was due deposItors sl6,927 sawel q Pearce'
$4,000 and to the Receiver Of the estate OF Davson,
$4,000 Besides this the salary OF the booKkeeper was
due interest the deposors, and his own legal ices
and commissions TO determine which a reference nau t
been made to Mr. Redeld The ORIGINAL assets were not
worth their nominal value, $5OOOC0. Iney, req
lzed hut t?67.COO Tho amount dne 1 WbTtsr
tors was $jGl goo. The amount received from WhIrI
Roche trustees not charged, S2f5On DhI S24oo,
As the charge that creditors had Oceh preIceu'
the Court had directed that all dcpostOrs OF less IMAM
s2OO he first paid IN full. They numbered about ooo;
lie had also paid the Founding Asylum, when hu Az
the money for their building on deposit with thc SdVnEs
institution. Mr. QInan took that FISK DeleVlnS INA.
the bank would pay all. lie had asO paid certain court
,rntZ
ing interest and had paid Edward walsh IN iui Gccause
he took mort gage AT its face. giving pack the uceco
s2,OO caSh. Tho mortgages ho had Sod WcI9 SOU NV
uer the orders Of the court, granted on gO0d reasons
shown. They amounted To $9,j0O lie retained SooV
for tut claims; there was 10 concealincllI ABOUT II
1t appeared III his accounts. He had spent no large
sum for clerks. He had had one buokSccper. NC re-
tanned the Cashier of the bank seven nontns en-
ployed one accountant ten aud another sGIen
DAYS. He had employed Waterman three
months to protect the books after he hau reuson
10 believe they hli been tempered with llo hau kepI
full accounts and had paid tho dcpOsitOrs 20 per cent
He had filed an inventory and account III February,
1872 There mad been great mass OF lgatlons anu ~
some delays he had been guided by the wishes OF MI
Rochr's counsel. who, in view OF his large saerrUS,
be thought should be spared AZ nucn az ppss
bic The argument the paprrs was deferred a 10,
day. James W. Gerard for receiver. Cnas. MdIIhc"s
and Mr.. MGtiUwan for petitioner.