, 1877-09-09

RoRn1NG THE BANK FOR SOME TIME PREVIOUS
Mr. Dayie-l cannot find traces Of his imYins
made drafts on 1t to any great extent. 1t fna1
prove that some OF the money charged to thu
various accounts may have been taken BY him
You arc justified In saving that Spcn
Ger borrowed a very considerable amuun,
3f the bank, consolidated his notes. and thai
now the amount is large one. Whether you
choose to characterize that as embezzlcn,cnt OF
g steal is not for me to say. 1t is my idea that
there are interpolatcd entries Oh tho discount
register, This item OF the note OF S479 U00 is
one Of them They, left this last line on the
vo;d vianf III oTdsr 0a to foot g % ars
here, out Of its date. ''Dcc- 81, 1876. D. D.
Spencer. S479, ,000,'' on the last line. Thcr, the
entry OF Calumet stock is also inter.
poIated. Then, again, Oh the next page
rtnr a a ss eDtI Besides ID hs b p h
interpolated on previous page. A. D.
Guilds name, aud the amounts $:,,S00 and
So, 500, and on the next page lie uses tue blank
] line to put in exactly tnc same amounts again.
| They nrC all intcrpolutcd to convert cmbczZle-
mcnt, or something like it, into legitimate
| act.
There was long discussion Oh the propricty
Of allowing The reporters to take off the names
PERSONS WHOSE NOTES THE BAsk HOLDS
Mr. Dayic explained thut his list OF those notes
wasitakcn from the books, and might be cor
rect or not, depending OH tic correctness or i'll
correctness OF the books showing Tho other
| gentlemen, except Long John, objected to hav-
[ the books or that were found III the vault, pub
lislled, because the publication would nlNrc the
I credit OF the persons who owed the bank. The
end OF it all was that the reporters didn't get
| the names, aud the Committee said they would
I compare Mr., Davies list witt, what was found
IN the vault, and see if there was anything miss
Ing
A;r. Kelley wanted to knowi IT
THE BOND ACCOUNT
was al1 right
Mr. Darie-trh,. bonds are accounted for, but
whether money has becu got any OF the
| bonds and pockctcd, have not found otst. You
| haze list OF what should be on hand, and you
can compare that with what you have
to work right. You have tried to show what
I there was on hand that was tangible Now l
| am trying to show how the tansiblities compare
with the books. and to sec what the deficit is.
have not gone into the 1nortgage-account- lou
arc familiar with that anl tell about it bet
ter than can.
There WIS some rambling talk on the subject
OF tile Calumet bonds, tue South Park bonds,
tht Chicago tE Pncitic bonds, the agreement be-
tween Spencer and Baird, etc, but nothing new
was advanced except that Mr. Wentworth an-
no,ll>ccd that All effort was being lntc By L lot
OF spectators to contest the asstsstncnt on the
dock property; that the Gnse would come OFT
beiorc Judge Wallace Moeday; that lie was
about writing to Bayartt, who has property in
South Chicago in his own name, to know what
course lie would take, when he learned from
Ba;ard's attorney that it Bayard was Interested
in the assessment it would be more for his iu-
terest to have it confirmed than otherwise In
as1n,1c rs the bank owned this stock, a1ltl there
was large assessment to BE- levied, would it
NOT be for the interest of tho Assignee to con-
tsne3 s thc hon1s it siIo1ld nnnear in tnc casc.
t,,.a"sa az ;,,'gmsnt wonIi m sr,inst tf,c f,o1n,
nnt1Y hy default,
IL tLe s,,rTcsfion of Nr. A}drich. the C,nn-
mit,ce agreed to consult sydney Smith on this
Mr D,ric sail he had s,1nnoscd
Tmr nonr1xs VOTE
,yas thc nroncriy of thu bauk. but it now
sccIne,1 aE # fhcrc was :, ctcar case Of
ssntrzz}c1nent m Sncnccr's nart in connection
With the transactiou,
The other members took the same yiew of the
,r,t1er. XXI sir Kecley ren,arkimr that ,hcr. was
no record Of the trustees having instructed
Soenccr to 20 into the trade and that he did it
m his own account. Tie on1y important uucs-
tiou was whether the bank was responsible for
The payment OF those Dobbns notes
No definite opinions were pronounced on this
point, and. after discussing the question
of the evening meeting. ard arranging to
better order than was displayed week ago,
tbc Committee nd journed and Lour John went
down to ask Mr.. Hickey to send around his po-
liccmen on timu.
The Committee met again shortly after
rrnrlr
COUNTING THE BONDS AND STOCKS, -.
~ eee hny ncorly thev co,npared With Col.
Taylor's lists. The other members Of the Con,-
m;ftcc annorcnt1v rprardrd This ms u niece of
unnecessary work. and naid very little atte1a-
t;.,1 ~ Il ornrcss;ng + ae thcir oni1,;on
th,t r., ''ravIor had n1ad+. a fair f.n,1nt
sl,I s,,d tbar the t;ommit,ee world 50 fnf'
~N."