, 1875-12-23

Meeting Of tho creditors OF the Commercial
Loan Company ut 6harpshootcrs' Hall yos.er-
day afternoon TO tako iuto consideration What
action would DO best for thoin to take in body.
About 160 wcro present, representing credits to
the amount Of soyeral hundrca thousand doila1s.
Albert Doese MAS called to tue CLAIR, mud i.
8. Drcyer was appointed Secretary.
Tho first business Was tue Introduction Of 4
resolution providing for tho appointment Of
committee Of three
70 ACT WITH THE Ass1oSEE
In settling tho accounts Ut the bank.
Tho resolution Wan objected to as not feAsible,
and waa iaid oTos.
K rcuolution was then offered that tho Chair
appoint committee with authority to employ
Iii expert accountant. who. togethor. should
tho permiAsion Of tho AAs!guee. Tho toaontton
Prevailed and Metass Jake lsehni, Aid. Jonaa.
md Charles DcnMohy wore appointed as said
Committee.
ute Frederick Mayer. tho late Cxsiiier Ut tho
bank, to make statement to tho iaooalng.
Nh. AEYKl.
subsequently, appeared. and stated, In tAoot, that
Tho available assets Of Tho bank, consisting Of
eaah on baud, drafts Oh other banks, aud bo1,tlB,
amounted to about el25. 900. aud that that
kmount would be u oncc distributed, aud do
posl.ors might expect to rehilzo about 20
bcnts un the dol!sr thetcttom. aud that L4c I'D
scta. a. compared will tue liabilities, wouiI IN
Ill probability rcal,zo to Tho creditors Is conts
On tho dollar, Lie e1prosaod lis regret at the
MISFORTUNE, and said that Mr.. Buchanan, the
v1ce-rsesdont Of the Institution. waa
TMH IMMEDIATE cAUeu
Ut the collapse,
als. Moyor wAs subsequently questioned by
numerous parties aud gayo answers as best he
could, and thoy were IN most cahcs satisfactory.
A couuittso Of siA was then appointed to
1.t inf a. NJ
ference from another portion of tue creditors.
Who arc understood to be in favor of Immediate
bankruptcy, with = view to hasmonlzo sud take
lnch atopa is would he to the best interest Of
ail pa1tiea concerned.
The sense OF tho meo!.ng vas to rati1y tho
appointment Of Joel u. Harvey ~ Assignoo,
aSais hts official statement, aud In case the
ttatsment proved unsatisfactory. to consost tue
% ND secure Ne spon.aIsn Of a. - A.
lsst sesurs to throw the concesa lnto bank.
nptoy. Hea4ra. IleKvey, Anthony Il Gait will
probably bs employed ~ counsal IN behalf OF 3
majority OF tho creditors.
EVENING MEETING.
An immense crowd OF creditors Of tho Com.
heFota Loan Company and sAynrb bank. which
suspended day before yesterday, Aasamblel Inst
sseang u Max Homets salmon, No. 45 kprtA
Glask ttsest, In accordance with call Issued b.
Aose OF those prascnt were pooE WotklnRmen.
lnsessparHed With few worktnK-woluen, OH
WON Tho failure 1T tho bank At this tlmo fella
very heavily. Though tho deposits Of these poor
People are nok ~ large ~ thoso VI some Of the
eettar casseE II North hdars, still tlIs losa At
tects kham muck moEe, it EaluR the aaStnKs from
saesE seAnt wages fus years. 4Asy gave vent tu
Their feelings last evening sn expressions u,ore
Intention to
lNrl1cr popuY pus,saxEsr
npon tho managers Of the bAnk II, on sxanins.
!on. 1t was found shnt the failure WAS cauae4 b.
hsad os Wild speoulationa.
a. O'Clock. Mr. N. ilotks mounted 9 tallt
aaa slated thai hs Was ono Of i committee ul
@> Which lad beeu appointed by = meeting Ae.t