The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-10-29

Winding Up the Broken Guardian savings
Bank-very plain Allegations on Que side
nnd Nm Contradiction on The OIhcr.

A motion is pcuding before Judge Law
renee to displocc Peter j. ODouohuc, the re-
ceiver % the Guardian Savings Bank, on the
ground that he Is merely the agent Of his brother
and business partner, Park Commissioner Jo-
seph J. O'Donohuc, who was the bondsman for
Jeremiah Quinan the first receiver The latter
was displaced on ch rye OF misappyng the in
situations money. John L. McGowan. attorney
for creditor " the hank, makes AFFIDAVIT that
Commissioner ODonohue became surety in
tj0,Up for Quinlan, and that Quinlan employed
Joseph Riley, the Commissioners brothcr-in-
law, "a hookkecpcr, at a salary ~ s2OW and n
half interest in the receivers fees. Riley WAS
clerk up to Quinlan's removal In January last,
and drew his salary up to March, ls'i month
after his auuointmcut .sa clerk In the Marine
Court. NcGowan Hflirms Tn { C1mniis@i uncr
O'Donohue told him that Riley had received
som from QJinlan, and transferred 1t to him,
O'Douuhuc.
When Quinan was appointed the liabilities ~
the hank were $50 oO0 and the assets $JDum.
Roche the Nice-presdent aud one ~ the trus-
tees of the bank, conveyed resi- estate valued at
$3i1,Un ION which was "A mortgage Tor $2OW TO
tprcmi, h Quinlan, John T.. Devin, md James
l. nch, trustees for tie benefit of all the crcd-
tnrs At the same time Roche c9ntrl9uled
datiun VI the debt In the sale Of Roche
property he was To be subroEated to the rights
~ a creditor. The sale neited about Sk2.WU
which, with the amount collected from the
assets of the bank by Qunltn, made SGS,OOO.
II the tank, Sts0Un has not vet been paid. nor
have the trustees, Deyliu. Lynch, aud QuiniHn,
| yet accounted for the sale OF Roche's property.
although Tho time for their settlement expired
| iu October, L.
| MIR. NcGowen further saws that Quinlan owed
! Commissioner OD1nohue, his bOndsman,
! $l~UvO nd that this DEBT he liquidatcd while
receiver. The lid wit further saws that when
| IN l-iig q Iiuiau purchased some property AZ 10
| " 10 am street for $uvp, ne paid a. OpO down.
| and Commissioner u luuhue paid SlS.uuO and
! reserved the title To the Ccei. In June. ls1i
/ TINS title returned to- q milan IN aCknOWl-
cdrmrnt of the SIT lrm-nt o. his deot u
! p'Duuohuc. In that n. nth' Mr. NcNowau "
! outulan, receiver Of tive Gu rdtdu StNin-
! Bank. collected nearly $1,000 from tho sale Of
on these grounds Mr.. McGownn argued amo.
| zion before Judge Donuhue YESTERDAY for the
/ disrhargc " = dul ~. and the Court sad that
| Quiuiau had " ih property administered tue du'
ties u his trusts tut before the decision Of the
! tuGr. was made Qunian Resigned. and Peer j
/ o'p hue wa appoiuicd m NE Stca !, Mr.
! Nc6oNau swtars tn It before Qunlan rescne
| Ire executed mortgages on his re- estate and
| stock ia trade to Commissioner O'DOuuhue ir
% der to secure Tim az inst any liuhiii les undct
/ which he might rest els his bUndsman. Quinlai
| h. said To bee iusolVent.
A.r. MoGowdn artucs thnt Peter J. O'Donohut
| bank. as his surety l. his brother ana bushes.
| partner; It's. suOlld an Investigation OF the
| alleged deialraiion of Quinian be ordered, he
would tee la antagoni-m with "a man whose per
s"ial inirrc-.s aud cunsdnguiility would enOT
/ Ix-Cumu. is.l nrr O'Douohue said yestcrda,
! thai ne preferred not to suvah until after the
| election. liut dare ~. NcHowan, tie added
! TO- meet me un nv public platform IN the cts
| ADD argue tie ri-ht ana Wrong in tni- cOntrn
/ Nt'-'. HiN % u.all'u Is Vi. lth more imam nay
/ uuhts. and ii owe % d"li 70 the Guardian
! saving hauh VIII way IT, Tie added TIA. he
/ is o. iNuuctut sufferer. having been dragged int
I th- lut'lc.t- of the + undnng ASYLUM, whict
/ htd ;"'vVJ Oh deposit 1here when tue Oaus