New-York tribune., 1877-05-01
THE ELLIS CHARGES.
REsUMpTION OF THE INVESTIGATION.

The Senate COlnmlIteCS lONcStlSdtloil VI 'h'
charges against Bank superintendent DE witt G. Ehs
was continued yesterday at the St Nicholas Hotel Ihe
three members Of tie committec-Senators Coleman
wellman aud ST. John-wcre present as were Dir. Ellie
and the counsel on both sides
Leopold scdencr testified that, a real estate agent
at No &C Bondst, he familiar with the values OF
real property IN that neighborhood; he thought
that IN September and october, ls74 The Meth"h-
les and Traders Bank building, with the i'hi
on which II stands. was worth from SlVo'VVo 10
$4,000 4. A. Gould OF No lJ6 Prospect
place Brooklyn, real estate agent, testified that
the property President and Van BrnCsts Bro0hSn u
belonging to the Mechanics and Traders Bank was
worth in September, 1874, about $4,000; this prop
erty couss OF o stOrehOuso and bank he would now
give $4,000 for tho two bindings, If he had the money
Later in the s. Ca1nan and j. NJ Wychoh gavc
about tie same estimates William BrinkcrboG OF Nc
4O5 East Sixty yhrtt, for 26 years real estate hoEer
in New-York testified that he acquainted with tie
value OF the Mechanics and Traders Rank building ana
land in ls74 and estimated it at S1O5oO0 These Wit
nesses were called at the request OF Mr.. Ellis.
william j. Best receiver of the Mechanics and Traders
Bank was recalled. He testified that resolution 80 re-
duce the salaries Of the officers Of the bank was ino-
duced by Mr. Gregory in April, 1874. In July the mat
Ter was taken up again. but once more deferred un t
October meeting of the board when the salaries were
slightly reduced. AZ the Jupe meeting the semiahhuai
dividend Of three per cent was declared over the o2Po'
ZION of Nessrs Gregory SharOt and Floyd On Dec IS
1874 similar dividend was declared, Mossrs. Floyd and
Gregory protesting. on June II, 1879, the same dFl
dand was declared, with the same protesting No'cs'
and six months later tho same was declared a2'ln'
Mr. Gregory alone protesting. This was 'h' iaSl
dividend declared by the bank. Senator S. John was
particular 20 have recorded the names o. the trustees
who voted for these dividends, and he read an extract
from the law which went into effect IN May, 1873, max
ing trustees voting declare dividend Jointly ana ScY
orally liablc such dividend exceeded the earnings
drrnr the period for which it was declared. Ar Best
Hs.fr Ifa sfgF. D ID
bank If majority OF the trustees had voted against the
dividends with Mr. Floyd and MI Gregory. lie replied
that undoubtedly the failure 90 declare dividend "o""
Nh Bcst further tasrfCl that the resolution calling
for reduction Of salaries said nont reIatye 10 a
WIS made, commuoe consisting oI msS..';
0yq Rusi SlsoF{ 7l ana Tor IfH i paro9 H9s IGsy
ported y deficiency Of S255,Oso 81 by the r,IoG
Slsl jO5 Il, difference of a75j74 Go, which M hc5t
explained by saying that TINS sum rePres ntd lA.e'sy
principal afer dale. The committee BAD made t'e
IIinc'pai Nr Bc. { then read nrugranluin showing
TINT the general cNpeustS OF ilt h4Ih NStS 4" -
i37S sis 900 and IN response to The qrcsloo. Big
CHAPMAN tIr T. iH'> counsel admitted tIat t'. gradual
aud considerable reduction was duo to lr i.a. teT
~. -|i, , a. b ,' naio1 between fIc til.tc crrng
sI750 senator - John inquired if uclc
Was not during these years constant aecr-d+c o oe-
sg s,1t@r,rt showing thrt nv Jry. 1873 he total
deposits were -2g3lal 80 IN JAY lsl4, -21652 y
gnf t5, ne me- BECAME recover DC Withdrawal o dc
49, a. ~ ,, 500 A. i.,- .tiIi ,,r dc,,si 56.ol
t1' tG'.i..,., r't.-.f ,it fIr tl,t tE ,Ir I.i-s
cimai. o., 'nr N'i'" .Hu S''n 81. 3D. ";'" M "'.' @
'nll -1'N iI-il - Co., A. I.l ., r,,.r.i tie conn
sc. Ibc T,unr-,ar bonds when were yauot at oo ~
George .l IetI ,hiul.', i. a., '' i, ' j i , ,,
t'-'l ,,g4 ',I'.,t tr- 4r, d. IA ia a, r,-r I,-i
w lI. p, 4. nc ,'' ~ ,f % s,. o.a i',, ,ri
it{ rIorgi q 0..y.a.l .a. ' @ @"''.' f-'VD,, , 'ig'Ttc
.E ~ ''.,. ~ .,as f, r, .,'rIi Lal. H,.r..I alr-
pins OF u I,''', SINCE Hl' ",Pv-,,., ""., ''' NV
'. ''A'h1 t' az! .''''' ' 't''i i e. 80 n a. , ,,.
throwing q ."h lh'o lh' u"iGs oI lt,.''t WE
,.'.. ."'' ,.i I- gs'I, of ,t. ,,
puses incurred th.,9-h such p si,i., 10 nag
ta'>- Ut ".- h. l.,.. ,.i. Inn a. ,r... ~.
.,.'' "a, .,., ,.., ,..,.r, inv. r,,t g,i,ga,
,H .thc 'n,l. . o.. ., 's '.' . 10, W,,I' -, i :,
-,.1 a. ~ 'F nm i,trn,'I .l, .u,. t.. t,.,c ~ I.r
81" -n ., ., "a ~, .i' a .p,rls ,t -,.. uln rs
. & M ,,, I'm, NJ ISM. ffs i,a5,. No..
os'.'.N "f 'i' - .'...,'!. g'., & ii .,i a. y ~,
]"t ] d, f i. v, nm" g.,,.-.,,,. A, alr as ryi rrs.
t,'.' ~. '. fIrl -...'.r 81 .. .l...
i,,II I ,.,,r,.f ttroy.,, ,,r t,tcrI ,..e.r n
tn.I' .g ''pn'''t ,"''o-r ,ior of m csa1,;i
NtS Ii. All IL I' & lou , ..'5,, al Lt r' H..
cIe % iee s-'h course az h't'' % E ,''y ''y
ur,r been ialrar Ul;h tire Operations of Nglist NE
ma be ,lcr 300 the Lansing - Bank fora few yes.
.Hd hy lh been elS'Ico 3" n,..H,'' w. N-,' 1, l''
'.i'. ,i.u & D., .i,. ~ ~ .r,. ,.,.,,-.i, Ir XIX
"a" l"' e.'' .'''. ., w.. S D. ,,..i'. i....''.
mating ilH value a. t-r .lt'NIii.5 ara 4iuNttr I"i
real s,tc t d.d DID,. ryl,ill m tUJ Ic g. r .-.lts.
-5 t ,., ,.,. .',., ,r3tS oy l.rs,s in, f. l.. f.1
] t.nt -, w '.'' @ 'g g,,o G,,. .I,I lr ,,.i.. All.
,, | al .'% .l, y,,c ir t.r ,n'9lre Bono. a. i
49, A.. re A.. rlass,s ii S,rib Carolina BON, ~ bat
- ''l' ,.;.~H ri., m, .a Lri D.. H.. i...E
v', 81. trI,, T. ~, .,.-.,,' D, ,.Ii.rr, i,' ID. #G
oE.il r. D'rslr. .or is ,eals President o. a.. Me-
r,,! I .,',Iev, I.arg i..fiHrI iG,t b. E. ID some
1''''Nf cog .',.', - -t ~ y, .... f. .,