, 1876-01-13

uH. HARVEY.
The Assignee Of tho Commercial Loan Company,
Hat1 thefo worn doubtless portons @ho "onn
tako charge OF lilo new institution and Of lhd
t,sssts OF the old concern, aud EiEn thoit gutr-
tnlee to the crod,tors 81 paymene 70 tnsM
uf 60 crnts additional on tho dollar in ehoFt
ior such an institution. and ho hnd no doubt IL
IL wee organized that tho heposita wouldln lhfcn
yoAra amount 10 el.0Do.atn.
Nit. r. II. WINSTON
raid ho bad been invited 10 10 present. and had
agreed to take ttoek In tho proposed institution.
lie felt rho need 1T bank en tho Noteh SIDE;
hut II etartcd ol, tho ruins OF tho Commerc'el
Company 1t would take soIno tttae 10 establish !:
nothing Of tue prorobision 10, bny tho naeat1 of
tho Comme,clat Company. but suoh thing
might be done, p'rhAps, 10 advantage.
AID. Jonas inquired II Ally Tosrunsso!e party
l,As! maae an otfor TO eav si't aosot1 az g';ns-
hntee 10 psv 30 cents pu tho dollar additional TO
Air. Harvey replied that sosersl p.rt!eH l,.d
made Offers attnitaf n NbAt ho hnh Indicated.
hut they wcro In III Indefinite shape, and he !ut
not feel authorized to GLvo any nam:s no
thought the nlaetug ought 10 make su'zaf!i'
lion 10 nor institution without lesArd to ~
nd concern, and th.e at least sl0l hfln oHelt 10
he incurred, IN whtca amount u certatu POI tlon
Of tho rccsrts from aala OF asseta OF ~
EoInmerciat company, ho thought couli 10
Mr. Winston uas orpcocd 10 harlng any con-
nccton WITH the Old concsrn.
AID. Jonas thought that
AsEw CONCERN
could Afford 10 pnr mora for Tho aaasss Of tho
old company than any onc olsc And VAS In tAfor
Of tryipg to eifec. Bone eotlternent Of tho aIais
witch would bo entroly satisfactory to oil coa-
oIr. Meyer ra!aca query whether II maa thu
intention to or5nnizo tho Institution nndof tic
tild namo nn1 Gu arter.
a,r. Winston said Ito would b!e IN favor Of 70.
kI>k
tamc. believing n lie dld tlat tho failure bad
created prejudice ullicA co1:d uot bo easily
overcome. ~
slr. Haryoy volunteered statement stss. from
MI examination Of tho asanss1 he beevoa
THE COMMERCIAL CrMFAHI
WouI1 ho able 10 PAY 81 cents Oh tho dollar, tn
addition to what had been PAID, in ths mkt
nl1ty days. He be!EoYed That iron, tbs ienaiu-
upough to satisfy ali the creditors. but sne last
dividend would DO saw to come, and. Al 10 stH
ulzc, very uu:otsain.
M1. Winston said ho nudcratood tho object Of
tho meeting to be 10 organize m cntiEaly new
concern, and thay had nothinK 10 do with tho
Dld bank, except sbat lis creditors, tn common
with eyorybody elae, wero to be invited to takc
Htock.
After aomo further dcsultory discussion, sIr.
llnEyev moved tho appo,nsmout Of committee
Di hya to ....-
Solicit SUBSCRIPTIONS
to stock In o DEW bank
Ths melton prevailed, and further dIscussion
followed iu ~h!ch &'r. 1inrycy sad ho though.
le could safely hay that such Of tho old
creditors a. took stoca would rea1szc o.
least rs rer cont moro than they conld
otherwise from tho old asao1s. Tho value
aot tho paper OF tho old concern. be Ba!tl,
| IN answar to query 1hether tue t'ctts Of the
Commercial Company would be taken ~ caaa in
lilo purchase Of stock in tue new couc0rn, would
bs governed by tho new management.
The question WIS ,hen raised a. to tho pro.