, 1877-09-03


c>ine,f to do untn Mr. Alien bad exhausted all
per and found II tnrossllt!c 10 recover. The
matter was Hualir settled by Spencer paving
$l4,Doo. The latter always claimed that he
sio,Ox,, Alien sticking, however, 10 lii state
ucnt concerning The larger arnonnt.
After the sweilfn1 Of the ktock Of the State
Savings, and tic conversion Of tts surplus tocspt
.nwnnatura!ly to about $50. anil They remained
nj that until tho Cook County National went up
IN Janunry, 1915. After tl.at time ii is alleged
THEY RECAME HSsALtHLE,
owing to the Increasing feeling of lfstri1st felt
In *pcnccr's management. Certainly tilcrc
were M purchatcs nin'Ic except liy persons In
nlctiiatcly cA,nrcctcsi will, tsc baMk. No out
sdcf mnte any c(Inrt 10 get IN. Il Is alleged,
failed Spencer began looking forward To tho
satnr fntc for his uwn institution. l1c saw tho
steatlv depreciation In real estate n,1a tho colt
stunt shrinkaSc IN securities. For lilnc ap-
pArcnt1y he hal hopes nf getting out, ~ Is
shown by Ills efforts TO- ret control Of the Calu-
met 4 Chicago Canal d Dock Company, which
lie, Ike good tnanY other people, thought
To DC tg spec1atla "ts'y 9wefrer; fr
everything, and frDrn tho time tho run l,egan
la.t ;lnly he 'n'tst have been preparing Tor the
s<As regards The Cashier and Assistant Cashier,
Il IS acsrtain a. yet whether 'hey arc wI'at
may be called legally cul,ahlc. II Is uncertain
whether .str. Spencer has stolen anything out
right. lie may have, like Mr.. Mcawber, gtyen
bunk. It is likely. ii course, tat uuild AMI
BulktcY, especially tho latter, knew tat things
were not what thor should t'c, and TINT the
bank was continually OF thu verge oi ia!lure.
week hcforu last. and 1t Is thought that Il WIS
on atcuunt Of The way in which the latter vas
running things. They might say that while
they knew the ,. bank was going TO fall, i
q guy tho 'eSI' nan a1h wl,o ' enniosea tien,,
or the Institution they scrycd. Assuming that
,ey hass I'D .nG "oIng wfons, n; physical
suME nurRAGEn pkrosiron
wonll be a sufficient rcasDn Why they should
wIsn to keep uut VI inwn until Tho 'lrst hcAt and
furry of the excitement had blown over. As
likely that they Will return fur sotIlc time. II
they rcad tho rrpost OF tic proceedings uf Sat-
ur1lay's meeting of tl'c cFc,ilufs, for tho ex-
presslona tfIgn used were not Of a nature to
cheer nervous nlar1.
Mn. WENTWORTH.
A reporter last evening called OH Afr. Vent
worth tn ascertain II my news had cropped Out
of tic State Savings Institution during thc ,lav.
prr,lsal Ut the Family Bible long cnul,Eh II say
t!.at nothing lad been lIcar1l from Ncw York
concerning tic agreement under which part Of
the bonds wrrU held. 1le added tha. he jluI
during The day Lccn put In possession of in-
formation fnr which e CsAl!d not youc!l ns ret,
which, II true, would tndtcatc that tlle bank had
been rotten to THO core for as much rs flro
years. The Comtnittec intended to ascertain,
II they could, wl,r,,, II ever, the concern was III
Il solvent condition. Conscrnl.g tho prospects
for q tltyldcnl,. sr. Wentworth thought that
nothing could be estimated will, my accuracy
every small mortgage BY dedacti'lg trom !ts
on tais deposit. % III, weI', I Of co Course cause soe @
sllrinkago. Tho estimate would bo l,cvun to-
information not beforu estimated, Mr. Went.
worth did not feel like predicting dividend of
.norc titan u per ccnt for lcposttors.
AN EXTRAORDINARY SCHEME.
before tho Saturday nirht meeting It WIS
known that large humber ot peoplt waited to
spcnk, and sosno Of tllcl3 hud "pla,ls." Tho
tolluwlnE curious doculnctt vas handed to the
leaders of thu inccttng with request to hnve
It rsa. 9nl to ayr the ailt1.or cllanea to spcak
TN It. Neither thing was done, because af the
transparent wildncss OF &hc ldra. This Is thu
document:
Lei the lcpositnra III The State Savings 1n.ttn-
,ious tho state Swings Imttut,on wnu'a BE- out Ut
debt, haye Its bank buildings md Mil the tccurtics.
IT.: w1A an BE- S,n s sSaao n9 s
present dcpoaltors wpnid tlcn be atocklsoldcrs an
awue!s of ihe bank They would elect noasd Of
Ssnf Ths tsnkios ba:'ss:* ssa,S = soat,aas'!
| Dy LHV HE# Glnk. us 0Nu A+UEhuUluG[3 NHMA
| advertise anl influence business. Tho ban: would
10 perfectly safe. thy eafcss onc In fhe country.
~ nstoekh9hlers would havo the aympathy II Tho
motc the Interest of tc bank and increase It's 6ns':
ness. l.y thu plan TIE p'opefty ot tho bank md
and In The course Of six twelve n1nnths tlc stoe
Qt tho bank would haEo fait market ya!nc, a!,t all
o. ha % sn ' e %'po.s Of hst
Isnk I'D .asf'asnai its pfsecliy; i WI t.Ee ayo
MoIo stss.issly psoa:ts n, n, interests ~ =
have tho fui advantage Of having its rrrsent ".
sets nt'tixcl 10 the hest advantage! Under the
On as.et,. and esses Or essry Hill arc at liz &.
~ a%.'s !. "aa fsdnso hsT
Yield proat. iii. prods Viii belong 10 Tic xiock.
hollsrN, and no d!stdca among them. Inns H.
adapted, ~ present depo.i,ors n the hsnK viii
at least pet lwIcD as tnucl M1noY out Of the bank
~ thcy would under Tho whaling. .up proecu.
nEcE,yER TAYLOR.
a reporter al rns rnanuSE called yesterday
afternoon npon Col. Abncr Taylor witt. view
to the collection Ut Some OF THO latcst develops
Taylor was provok[ngly 1ncasrc, being priuci'
patiy to TUG effect that thcre had bccn no fur
thcr meeting Of tho Crcdtors' Committee,
s aeosS weaia ta, not o1nn asss'S f,saav sss Until M
hs thought, found new W tsaii' ii'
lie was q opinion tlat Spencer had not go,lc
Ea5sps Aspa a'eF "a ny" Ms ss a'k Ss: @sn r.
foslnutIon which hu deemed Trustworthy, and
tIc had act certain machinery IN mutton to dts
cover the whereabouts Ut tho dcf1ulter. Moth,
yesterday from the Assi,nee, wl,o did not think
II advisable t3 tell u}l o knew i'll matter in.